Business

by | October 14, 2016 | 01:24

Andrew Cuomo's administration and the Communications Workers of America union slammed Wednesday's news that two NY facilities, in Henrietta outside Rochester and Orangeburg in Rockland County, were on the chopping block. Rich Azzopardi, a Cuomo spokesman, called Verizon's moves "an egregious example of corporate abuse". At the end of May, the company negotiated the end of a six-and-a-half-week strike by 40,000 technicians and customer service specialists led by two unions, the Communication ...

by | October 14, 2016 | 01:18

The foundation said they saw the charges "as nothing more than an attempt to lay the foundation for the removal of Gordhan from the post of finance minister". Abrahams on Tuesday said he believed that Zuma, who is now visiting Kenya, knew about the prosecution. If you read the auditor-general's annual reports, you'll find that ministers are often found to have contravened the PFMA but no one has ever been taken to court for contravention, so you can see that the charge here is really ...

by | October 10, 2016 | 02:16

Members of the House Financial Services Committee blasted Stumpf over the bank's culture, his compensation and whether the right people were being punished for opening fee-generating, phantom accounts. Singleton sought legal assistance to fight Wells Fargo , which alerted the DOJ. Oregon State Treasury will also seek to "force" the company to claw back any previously paid compensation linked to deceptive practices and will also investigate potential legal action against the bank.

by | October 09, 2016 | 14:57

Turnout had reached only about 40 percent by 5:30 p.m. (1530 GMT), the National Election Office said. "I think if turnout is around 40 per cent, that is a fiasco for Viktor Orban and the government in worldwide terms", said Attila Juhasz, an analyst at think tank Political Capital.

by | October 09, 2016 | 14:54

The meeting was meant to negotiate the multi-billion-dollar settlement the bank will have to pay to resolve alleged misconduct arising from its dealings in residential-mortgage backed securities that led to the 2008 financial crisis, according to a Bild am Sonntag report.

by | October 08, 2016 | 07:43

The government has relocated nearly 1,500 residents and dispatched 1,200 rescuers to the scene with pumps and excavators, but roaring floodwaters have hampered their efforts, it said, adding that smaller landslides are "likely" to be triggered.

by | October 07, 2016 | 08:28

In case you have not heard of it, Ford is ending the production of the Ford Falcon and the last of the Falcom sedan will be rolling its way down the production line this week. General Motors owned Holden is set to end local manufacturing at the end of 2017 , as will Toyota at the same time . Post local manufacturing Ford will have the largest automotive R&D operation in Australia with more than 2,000 employees including 1,100 designers and engineers.

by | October 06, 2016 | 08:36

South African firms have borne the brunt of sluggish economic growth since a 2009 recession, with GDP expansion seen little above zero percent this year.. Eurozone business activity last month slumped to its weakest level since January 2015, as the bloc's traditional growth engine, Germany, suffered in September.

by | October 06, 2016 | 08:24

Based on results of two wells drilled in 2016 and a seismic programme Caelus estimates the Smith Bay oil discovery in the order of 6bn barrels within its leasehold area. Some 183 feet of net pay was measured in CT-1, while in CT-2 there was 223 feet. The company did, however, collect extensive side-wall coring that confirmed the presence of quality sandstones containing oil, said spokesman Casey Sullivan in an email response to questions.

by | October 05, 2016 | 00:33

MPC has three members each from the government and the Reserve Bank. The policy statement put out by the RBI is consistent with an accommodative stance of monetary policy and has largely unexceptional goals. The market got what it wanted - a rate cut. Until now, the decision on rates rested exclusively with the RBI governor. Since January a year ago, the RBI has cut the repo rate - the rate at which RBI lends to banks - five times.

by | October 05, 2016 | 00:26

The IMF also trimmed its U.S. growth forecast for 2017 to 2.2 percent, suggesting only a modest rebound. On Tuesday, the pound sterling fell to its lowest level in more than 30 years against the dollar - a decline that is believed to have been sparked by U.K.

by | October 05, 2016 | 00:29

Trump brought the vaudeville shtick that worked for him in the primaries to the main stage and bombed. Trump's troubles have snowballed after his rough performance in last week's debate. Trump's 34 percent favorable rating among all Americans is little changed from 35 percent before the debate, but his unfavorable mark has crept up from 59 to 64 percent.

by | October 05, 2016 | 00:27

The bank's stock fell 8 percent Friday, dipping below 10 euros for the first time. Deutsche Bank has been at the forefront of investor worries for weeks now, ever since authorities in the United States revealed they are seeking $14 billion from the bank to settle legal claims over its sales of mortgage securities in the run-up to the global financial crisis in 2008.

by | October 05, 2016 | 00:25

Rising Democratic enthusiasm paired with the well-oiled Clinton ground game should have the Trump campaign worrying not just because it's October, but also because voters across the country are beginning to cast their early ballots. He also questioned her physical stamina and her mental health and said she has contempt for Americans. "She's supposed to fight all of these different things and she can't make it 15 feet to her vehicle? give me a break.

by | October 05, 2016 | 00:23

The Versailles appeals court ordered Kerviel pay 1 million euros ($1.12 million) in damages to the bank following losses he made that totalled 4.9 billion euros. Kerviel was sentenced to three years in prison after being convicted by a Paris court in October 2010 for breach of trust and fraud over the losses caused by disastrous trades in equity derivatives.

by | October 04, 2016 | 01:40

The attack comes even as intelligence inputs over the last four days have alerted about possible terrorist attacks on security installations in J&K after the Indian Army carried out surgical strikes across the LoC in Pakistan. He held his fort till the reinforcements arrived, KK Sharma, the Director General of Border Security Force (BSF), said on Monday. Imtiaz Hussain said, "They used civilians as shield as it was a civilian area, we could not retaliate properly and they fled".

by | October 04, 2016 | 01:40

More than 18,000 State Emergency Services volunteers were on the ground across the state responding to hundreds of calls for help, with reinforcements on their way from Western Australia. There were reports that mobile phone coverage had also been disrupted. Some of the worst-hit areas were the Clare Valley, north of Adelaide, where the town of Sevenhill was under threat with concerns a nearby dam would burst, and Langhorne Creek, south of Adelaide, which was cut off by rising floodwaters ...

by | October 04, 2016 | 01:37

The escalating scandal also drew the attention of Democratic presidential nominee Hillary Clinton, who in a speech criticized Wells Fargo and other companies that use the fine print in customer contracts to force disputes into private arbitration instead of allowing consumers to go to court.

by | October 04, 2016 | 01:35

The financial woes of Germany's biggest lender as it struggles with tougher capital standards and soaring legal bills adds to a list of market risks that includes Brexit and tightening USA monetary policy. The bank's US-listed shares were up 13.7 percent at US$13.05 in heavy midday trading in NY. Reality is what you have in the balance sheet of Deutsche.

by | October 04, 2016 | 01:32

Under the terms of the agreement, Janus shareholders will only receive 4.7190 shares of Henderson for each share of Janus common stock owned, which is virtually no premium over the 52-week high and lower than at least one analyst's estimated value of $16.00 per share.

by | October 04, 2016 | 01:32

Trump has denounced Iran as a "big enemy", blasted Hillary Clinton for not taking a harder line against the Iranian regime and charged that donations from foreign governments to the Clinton Foundation amounted to evidence of corruption. US officials later accused the bank of helping to obtain sensitive materials for Iran's nuclear program, and American authorities believe Bank Melli was used between 2002 and 2006 to funnel at least $100 million to the Quds Force unit of the Iranian ...

by | October 03, 2016 | 05:48

The Clinton Foundation. Benghazi. Maybe it's nothing more than a question: Why, in this self-aggrandizing democracy, do the candidates for the highest office of the land fail so blatantly at addressing the issues most crucial to our future? "I don't think she did well at all".

by | October 03, 2016 | 05:44

In what should have been a feel-good victory lap the morning after his thundering acceptance speech, Trump instead defended his decision to retweet an unflattering photo of Cruz's wife, Heidi, and returned to wondering about possible links between Cruz's father and President John F.

by | October 02, 2016 | 11:27

Both Jimmy Garoppolo (right shoulder) and Jacoby Brissett (right thumb) were listed as questionable for Sunday's game against the Bills at Gillette Stadium. But Brissett hurt his thumb in the game. "Look, I can sit back and say I don't care who plays quarterback, because I know Brady ain't", Ryan said earlier this week .

by | October 02, 2016 | 11:23

Obama told the audience here that her husband had faced "hurtful, deceitful questions deliberately created to undermine his presidency". Both candidates were putting a renewed focus on facetime with voters in the most competitive states during the lull between the first debate and the next major campaign showdown: the vice presidential debate on Tuesday.

by | October 01, 2016 | 00:45

Both houses will be called into a special committee hearing and voting session Wednesday morning, according to Assembly Speaker Vincent Prieto (D-Hudson). "Sometimes, it doesn't go as quickly as we might like", the governor said. The impasse came after Prieto reached a deal with Christie to hike the gas tax by 23 cents and cut the sales tax from 7 percent to 6 percent.

by | October 01, 2016 | 00:43

GM and the Unifor have been divided over union demands that the USA carmaker commit to new vehicle models at its Oshawa, Ontario, plant. "I'm feeling much better today than I did yesterday but I'm still not feeling great", Unifor National President Jerry Dias told the Globe and Mail newspaper, calling the talks "constructive".

by | September 30, 2016 | 12:37

And if Disney bucked its recent acquisition strategy and picked up Twitter , it could be faced with another issue: Ruffling the feathers of rival content companies that already do business with the social media company. Bloomberg Intelligence analyst Paul Sweeney said that purchasing Twitter would give Disney much larger exposure to the ad dollars that are flowing to social media sites.

by | September 30, 2016 | 12:36

It wasn't just a record number of TV viewers who were checking out and talking about the presidential debate between Donald Trump and Hillary Clinton. That restraint didn't last. The online poll shows Clinton with 47.86 percent, to Trump's 47.69 percent, a virtual tie. The two former political foes of the Democratic presidential nominee hold distinct but distinctly important appeals for voters where Clinton has significant weaknesses.

by | September 30, 2016 | 12:35

Ojezua told the News Agency of Nigeria (NAN) in Benin on Thursday that the entire process of the election had been nothing but peaceful. Its candidate in the election, Ize-Iyamu described the result as a "rape on democracy". The Governor said judging by the antecedents of Obaseki, he was certain that Edo State is set for transformation and consolidation of the achievements of the outgoing administration in the State.