Finance

News

Got milk? Milk producers shelling out millions due to price fixing scandal

BoughtMilk.com is the official website for the Fresh Milk Products Price-Fixing Class Action Lawsuit, filed in 2011 and alleging that US dairy producers slaughtered more than 500,000 cows to reduce milk supply and drive up dairy prices. To get a re...

Morgan Stanley Over-billed Clients, Paying $13 Million

Earnings of 81 cents a share compared with the 65-cent average estimate from analysts in a Bloomberg survey. While equity trading witnessed modest increase, fixed income trading increased considerably in the fourth quarter particularly after the elec...

Oxfam report shows widening inequality, Labour blames govt

Oxfam, an global confederation of 18 non-governmental organizations, published their findings on Monday which also found that the world's 10 biggest corporations together have a revenue greater than the 180 poorest countries combined. Mark Littlewood...

Here are the highlights of Donald Trump's first press conference since July

Trump, two officials with knowledge of the briefing said . Claim: American intelligence has confirmed that President-elect Donald Trump was blackmailed by Russian operatives. It's the latest, and a vitally important, example of how the internet h...

PM Modi pitches for transparency in political funding

The party will use the occasion to burnish its pro-poor and pro-weaker sections credentials by citing several government schemes, including the recent sops announced by Prime Minister Narendra Modi. In 45-50 minute address, the PM emphasised on the u...

BSP releases third list of 100 candidates for UP polls

The caste wise third list of the BSP includes 20 Dalits, nine Muslims, and 13 Brahmins. In all, over 80 Muslim candidates have already got the party tickets in the BSP list of 300 candidates with the last list expected on Sunday. Mr Vinay Shanker T...

Snapchat sued by ex-employee for showing investors false user stats

Ex-Snapchat employee Anthony Pompliano alleges in a lawsuit the company misled investors to drive up the price of its initial public offering. It's a major accusation against Snap at a less-than-stellar time . Pompliano filed additional claims...

Oil prices end at 1-week high to extend advance

The sharp increase in fuel stocks will increase concerns that refinery output will be scaled back after utilisation rose 1.0% in the latest week. In its first crude oil inventory report for the year, the EIA said commercial stockpiles stood at 47...

The Oil Trade That Shows Where OPEC's Cuts Are Starting to Bite

At 2.35pm GMT, the Brent front month futures contract was up 2.53% or $1.44 to $58.25 (£46.70, €56) per barrel, while the West Texas Intermediate (WTI) contract was 2.52% or $1.34 higher at $55.08 per barrel, with both benchmarks notching up their bi...

Macy's to cut 10000 jobs due to falling sales

The closures are part of the plan to shutter up to 100 underperforming stores that it had announced last August. Macy's comparable sales fell 2.1 percent in November and December, which was at the low-end of its previous guidance. The chain will cl...

Ripoff Alert: Credit Score Companies Fined for Duping Customers

The announcement was made on Tuesday by the Consumer Financial Protection Bureau that TransUnion and Equifax must pay fines totaling $5.5 million and return about $17.6 million to wronged consumers. That means, when companies sell credit scores t...

Commerce Bank Has $54557000 Stake in Wells Fargo & Company

The firm owned 1,232,091 shares of the financial services provider's stock after selling 14,085 shares during the period. River & Mercantile Asset Management LLP raised its position in Wells Fargo & Company by 83.0% in the second quarter. COPYRIGHT V...

Polish PMI hits 17-month high

For the growth in Singapore's manufacturing to be sustained, there must be stronger demand from global economies, said Mr Vishnu Varathan, senior economist at Mizuho Bank. The index has held above the 50 line separating growth from contraction every ...

Sia Seemingly Blasts Azealia Banks for Sacrificing Animals

Banks puts on her work goggles and mask and proceeds to sandblast - hey whatever it takes, right - the smear off her floor. The 212 singer posted on her Instagram story today that she had been carrying out the process as part of her "brujería" - ...

US President-Elect Trump Plans To Shut Down Charitable Foundation

In 2014, Trump's charity made its largest donation of the year to a foundation associated with Citizens United, the conservative group best known for its fight against campaign finance restrictions. A tax return of 2015 posted on Guidestar, a nonprof...

Amazon will pay for you to ship unwanted items to Goodwill

Then print a *free* shipping label at GiveBackBox.com. Pack your empty Amazon box with unwanted clothing, cookware and accessories. According to Amazon's website, donors can use the " give back box " platform to ship donations to Goodwill for f...

Palestine's Hamas lauds, Israel rejects United Nations vote against settlements

Senegal on Sunday defended its vote at the UN Security Council to halt Israeli settlements in Palestinian territory, after Israel chose to recall its ambassador to Dakar and to suspend its aid programme. The US abstention did not in any way diminis...

Holiday safety tips from Volusia County Fire Services

Heating is the second leading cause of all fires, according to the U.S. Fire Administration. Avoid setting up a space heater too close to curtains, furniture, or holiday decorations. Electrical Cords: To reduce the chance of overheating, electric cor...

Chelsea confirm Oscar's transfer to China

But on Friday morning Chelsea and SPIG confirmed that the clubs had agreed a deal for the 25-year-old to move, with Sky sources understanding the fee to be £60m. But I think we must concentrate on our work, not think that in China there is a lot of m...

Little or no impact from oil cuts

USA crude stocks posted a surprise build last week, of 2.3 million barrels, compared with an expected decline of 2.5 million barrels, government data showed on Wednesday. Gasoline: Supplies of gasoline were down for the first time in 6 weeks on ...

Kids Can Track Santa on Christmas Eve

Shopping, cooking, parties, Santa Claus , and family gatherings seem to take precedence over our lives. It was in December of 1931. "We pulled over and I'm like, 'You pulled a firetruck over with Santa Claus on top". So what are the NORAD Sant...

NAR: Existing-Home Sales Increased For Third Straight Month In November

Sales were 15.4% higher than November previous year. Existing-home sales in the South rose 1.4% in November to an annual rate of 2.22 million, and they are 11.6% higher than November 2015 sales. The U.S. central bank last week raised its benchmark ...

Murdoch's 21st Century Fox widens footprint with Sky buy

The price of £10.75 pounds per share, representing a premium of around 40 percent on the day before the initial proposal was received, has also disappointed several top-50 shareholders who accused Sky of selling out too cheaply to their founder and b...

British Airways cabin crew vote to strike effective December 21

The news follows an announcement yesterday afternoon that 1,500 workers for contractor Swissport at 18 United Kingdom airports, including Bristol, are involved in the action, which is planned for December 23 and 24. In a statement, Unite said: "Sinc...

Are Delivery Services or Kiosks More Important for McDonald's?

The way in which McDonald's delivery service will work is quite simple. CBS Miami reports McDonald's will begin testing delivery service at almost 200 location throughout the state through the UBEReats website or mobile app. Becca said McDon...

Major department stores sued for fake 'sales'

Feuer said that the retailers deliberately inflated original prices on certain items, misleading consumers into believing they were getting a better deal once the item was marked down. The lawsuit claims the necklace was first made available to purch...

CEO: Investment to automate at Carrier will mean fewer jobs

The poll found that 60% of voters surveyed viewed Trump more favorably following the deal, including a whopping 89% of Trump voters and 32% of voters who cast ballots for Democratic presidential nominee Hillary Clinton. The company will still move ab...

The Growth Forecast For Chesapeake Energy Corporation (NYSE:CHK)

The stock concluded the recent trade at $7.48 with upbeat trend move of +3.46%. They issued a market perform rating for the company. Shares of Chesapeake Energy Corp. The company also owns oil and natural gas marketing and natural gas gathering and...

Is Checkout-free a 'Go' for Amazon? PG Experts Weigh In

When you walk out, all the items contained in your bag are then rung up and billed to your Amazon account . Amazon Go , a grocery shopping experience without lines and checkouts revealed Monday, could open more than 2,000 stores , accordi...

Iran optimistic on OPEC deal after meeting Algerian minister

Oil prices gained more than 2% on Monday in volatile trading after falling as much as two percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. It finalises...

Sensex tumbles 192 points on weak rupee, F&O expiry

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,049.14 points, closed at 25,860.17 points - down 191.64 points or 0.74 per cent from the previous close at 26,051.81 points. The day's session witnessed strong selling by ...

Allegations misconstrued and defamatory, withdraw them: Tata Sons' lawyer to Wadia

Similarly in a filing to bourses, Tata Chemicals said that "Mistry has informed the company that he intends to make a representation to the shareholders in respect of his removal". The two companies said they will circulate the written representation...

UnitedHealth Group Inc. (UNH) Issues FY17 Earnings Guidance

The businesses 50 day moving average is 143.81 and its 200 day moving average is 139.88. When the current quarter ends, Wall Street expects Macy's, Inc.to have earnings per share of $2.18. UnitedHealth Group's dividend payout ratio is now 39.12%. ...

Norwegian defeats Russian at World Chess Championship

Following his win , fans and supporters cheered Carlsen with a rendition of "Happy Birthday". Carlsen , the No.1-ranked defending champion from Norway, who is also widely regarded as the greatest chess player in history, took one game of his ow...

Trump fans call for Kellogg's boycott after brand pulls Breitbart ads

Kellogg is one of several companies announcing it will pull ads from the far-right news and commentary site. In response to Kellogg's advertising boycott of Breitbart , the popular conservative website has launched its own counter-boycott of Kell...

Asian stocks mixed as markets await OPEC meeting results

Opec was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-Opec member Russian Federation, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. "We are seriou...

Ottawa wins Grey Cup, beating Calgary 39-33 in OT

The Calgary quarterback finished the first half Things were equally unhappy on the defensive side of the ball for the Stampeders. The Calgary Stampeders lost leading receiver Marquay McDaniel to a shoulder injury late in the first quarter of Sunday...

Workers demonstrate at Denver airport

Chicago Ave, demanding $15 and union rights. Heads up, travelers: Hundreds of workers are striking at Chicago O'Hare International Airport on Tuesday (Nov. Numerous workers being organized earn minimum wage, which in Chicago is $10.50 an hour ...

Indian bonds, bank shares fall as RBI temporarily hikes cash reserve ratio

The banks' treasury yields party may come to a screeching halt after the Reserve Bank of India tightened norms on Saturday asking banks to keep all deposits mobilised between Septmber 11-November 11 with the central bank. While the fixed reverse repo...

China currency dips to lowest level versus dollar in 8 years

President-elect Donald Trump has threatened a trade war with China, talking up the imposition of punitive tariffs on imports from China. That view was also backed by analysts downgrades of the yuan in recent days, with most seeing a softer underbelly...

Search

Breaking News

Tit-for-tat tariffs by U.S., China go into effect

On Monday, the Chinese government accused the Trump administration in a report of "trade bullyism" and of preaching " economic hegemony ". Rob Carnell, ING's chief Asia economist...

No more phoney war after Trump's attack

Sohn said he thinks that China will retaliate against every USA tariff and that the back-and-forth sparring will escalate until the U.S.is taxing all Chinese imports - $524 billio...

Fox Business' Charles Gasparino Calls Out Trump's GDP Lie

Gasparino responded with a mix of snark and anger. Listening to Council of Economic Advisers Chairman Kevin Hassett discuss the effects of the Trump administration's tax, regul...

China's exports, imports slowed sharply in August

If the administration follows through with this latest round, tariffs would apply to a total of $517 billion of imports from China. The US imported $505 billion in goods from China...

U.S. police arrest China shopping giant's CEO over misconduct claims

Elder declined to provide details about the allegations but said authorities are not overly concerned about Liu leaving the country. But, contrary to the company's statement ,...

NAFTA breakthrough seems imminent after fractious talks

He announced the progress from the Oval Office, with Mexican president Pena Nieto joining in on speakerphone. United States and Mexican negotiators have been working for weeks t...

Verizon lifts data speed caps for first responders

This was right in the middle of the department's response to a wildfire, said department chief Anthony Bowden, in an official declaration. The revelations, which were first repor...

Manhattan DA Considering Criminal Charges Against Trump Organization: NY Times

On Tuesday, Cohen pleaded guilty to eight felonies, including two counts related to hush money to women who alleged affairs with Trump. Two executives at American Media Inc, wh...

U.S. Stocks Rise as Trade Angst Ebbs; Dollar Falls: Markets Wrap

Atlanta Fed President Raphael Bostic said on Monday he was maintaining his expectation for one more interest rate hike this year, as trade tensions and worldwide events add so...

Turkey Will Respond If Us Imposes More Sanctions: Minister

Turkey's battered lira weakened 5 percent on Friday after a Turkish court rejected a U.S. Christian pastor's appeal for release, a day after the United States warned of furth...

Special Reports

Goldman, Silver Lake Advice Tesla On Going Private Plan

Goldman, Silver Lake Advice Tesla On Going Private Plan

The board had confirmed earlier this month that it had "met several times over the last week" to discuss going private. A week later Musk tweeted, "Am considering taking Tesla ...

Commercial airliner is 'hijacked from Seattle-Tacoma Airport', say reports

Commercial airliner is 'hijacked from Seattle-Tacoma Airport', say reports

The man who stole the plane , Richard Russell , is presumed dead in the wreckage. An unauthorized person reportedly took control of a jet Friday evening and took off from Sea...

Turkish Lira Falls As Trump Doubles Metals Tariffs

Turkish Lira Falls As Trump Doubles Metals Tariffs

The two countries had failed to agree on a deal to free an American pastor charged with espionage in Turkey . Turkey's central bank said on August 13 that it would provide liqu...

Companies defy EU's ban to adopt USA sanctions on Iran

Companies defy EU's ban to adopt USA sanctions on Iran

Trump said Tuesday that anyone doing business with Iran will not be allowed to maintain business ties with the United States. Iran's president Hassan Rouhani has threatened to ...

China threatens tariffs on $60 billion in USA goods

These taxes come as similar levies on agricultural goods have been imposed by the European Union, Canada and Mexico in retaliation to Mr Trump's tariffs on steel and aluminium. By ...