Business

California suspends some Wells Fargo business amid scandal

Lawmakers on the U.S. Senate Banking Committee grilled Stumpf about the accounts last week, with some calling on him to resign and forfeit his earnings and hold other senior executives accountable. In the meantime, Wells Fargo's independent board directors will oversea an investigation into the scandal and could result in further compensation changes or employment actions.

Fed keeps rates stable, but support rises for an increase

Federal Reserve's decision to keep rates on hold and Yellen's comments. United Kingdom and European stocks were broadly higher during mid-morning trade. A declining dollar and a drawdown in US crude inventories helped boost the oil market ahead of a meeting of major oil producers. Oil prices showed no sign of fading though, having added as much as 3% on Wednesday after a third surprise weekly drop in USA crude stockpiles boosted the demand outlook in the world's largest oil consumer.

Rolling Stone sells 49% share to Singapore start-up

The deal was spearheaded by Wenner Media founder Jann Wenner's son Gus, who has assumed a major strategic role as the company repositions itself for the digital age. The magazine marks by far the highest-profile score for Kuok, who's been acquiring businesses at a steady clip. In 2012, he acquired Swee Lee Music, a guitar and audio equipment distributor which he expanded online.

Flights 'operating as normal' says Monarch

It said it expected to make £40m in earnings before interest, tax and other costs at the end of its financial year in October. "Our flights are operating as normal, carrying Monarch passengers as scheduled", the company said in a statement on Monday after unattributed reports on social media suggested the travel company was on the brink of collapse.

Pfizer Ends Plan To Split

The company remains committed to creating value for its shareholders, and will continually evaluate the composition of its portfolio to determine the optimal mix of businesses for maximizing that value. The drugmaker's most likely path forward involves hunting for more acquisition targets, according to Bernstein analyst Dr. Tim Anderson. Pfizer Inc has decided not to pursue what would have been among the largest breakups in corporate history, after years of evaluation and speculation by ...

The Clinton Foundation Is Reportedly Laying Off Dozens of People

But it is the Clinton Foundation that is beginning to fall apart amid the nonstop coverage of both charities in the press. He added: "If Hillary is elected president, the Foundation's work, funding, global reach, and my role in it will present questions that must be resolved in a way that keeps the good work going while eliminating legitimate concerns about potential conflicts of interest".

Ranch where protesters camped sold to Dakota Access

Dakota Access is controlled by Energy Transfer Partners LP, which did not immediately respond to requests for comment. "We're all fighting the no oil, no pipeline across our sacred lands and in the waters here". The ranch, which is more than a century old and was the first to be inducted into the North Dakota Cowboy Hall of Fame, is within a half-mile of an encampment on U.S.

Tesla sues Michigan, challenges law requiring dealer sales

Besides Michigan, 24 other states have laws or regulations on the books that essentially require auto manufacturers to sell their new vehicles through 3rd-party dealerships, rather than directly to consumers, according to GreenCarReports.com.

European Union rapped by WTO for $10bn a year Airbus subsidies

Washington state Democratic Sen. In a separate case, the trade organization is still determining whether Boeing and the US have adequately addressed $5.3 billion in illegal aid that flowed to the Chicago-based planemaker. Speaking on background with reporters, they said they hoped the ruling would bring European officials to the negotiating table for a resolution of the long-running Boeing-Airbus dispute.

Asian stocks rally as US Fed keeps interest rates unchanged

It also reduced its longer-run interest rate forecast to 2.9 percent from 3 percent. Overall consensus among economists is for a hike in December, when traders see a 58.4 percent chance of a hike, according to the CME Group's FedWatch tool.

Markets Right Now: US stocks open higher

This is below the 70% level that the Fed would ideally like to see and shows the market is yet to be fully convinced of a December hike. Look to see whether the central bank scales back that expectation. Not only is the election will be out of the way by then but the as opposed to November the December meeting has a press conference attached to it. Three voters dissented on the decision to hold rates.

Bomb Detonation Caught on Video As Police Robot Attempts to Disarm

Ahmad Khan Rahami of Elizabeth, New Jersey, was taken into custody after firing at police officer in Linden, N.J., about 20 miles outside New York , Elizabeth Mayor Chris Bollwage said . Monday after Bollwage said earlier that the Union County bomb squad's robotic device indicated that the package could've been a live bomb. No injuries were reported.

Nick Kyrgios gets Australia off to winning start in Davis Cup

Thailand's Kittiphong Wachiramanowong claimed the first singles rubber at the National Tennis Development Center in Nonthaburi, Thailand, but Taiwan fought back through Lee Kuan-yi in the second singles rubber. The victor of the weekend matches on a grass court laid over the regular hardcourt at the Sydney's Olympic park will compete in the 16-team World Group for 2017.

Oil rises on smaller-than-expected build in U.S. crude stocks

All in all, the adjustment in the demand-supply balance anticipated by the IEA has weighed on oil prices. It trimmed its expectation of growth in demand for 2016 by 100,000 barrels per day, to 1.3 million bpd. "With the price of oil at current levels", it continued, "one would expect supply to contract and demand to grow strongly". Gulf Coast crude stocks jumped 2.3 million barrels.

2 arrested in shooting of Atlantic City officer

News 12 is told one officer was shot as he exited his vehicle. One suspect was shot and killed by a second officer. The police officer, who has not been identified, was shot in the head and remained in critical condition late Saturday night at AtlantiCare Regional Medical Center.

Pipeline shutdown in Alabama could send gas prices higher

It's unclear when the spill actually started. The Gasoline pipeline leak in Alabama will impact the availability and price of gasoline in the Southeastern United States, and perhaps the entire east coast as far north as NY. The Alabama governor issued a state of emergency because the leak is still not fixed after nearly a week of when it was discovered. Maryland, Delaware and New Jersey could also see a slight increase.

United States taxman cometh for Apple

Apple Inc and other U.S. multinationals will face new curbs on tax loopholes under a rule imposed by Washington today, part of a scramble among governments worldwide to bolster their corporate tax bases. Apple have refused to comment on the tax bill, saying it doesn't discuss specific cases, according to FT. Recently the European Union has been a strong critic of a number of U.S.

Burritos in the sky: Chipotle tests drone deliveries

While delivering burritos on a college campus could invite myriad stoner jokes, Project Wing's experiment is one of the most complex attempts at drone-based delivery to date. The research will address numerous policy and safety issues the FAA and industry is wrestling with: beyond-line-of-sight operations, flight over densely populated areas and coordination with other aircraft.

VW engineer pleads guilty in emissions case, will cooperate

Volkswagen sold these vehicles in the US from 2009 to 2015. Update: In an e-mail to Ars Friday afternoon, Liang's Lawyer, Daniel V. Nixon, commented "Mr. They were the first USA criminal charges in the Volkswagen case, where the company sold about 500,000 cars loaded with software that cut back on pollution during emissions testing.

Real-Life Investigators Object to Portrayal in 'Sully' Movie

It was an instance where multiple units in NY came together to save a lot of lives, and there are seeds of that story " Sully ", but not enough to make it grow. "We weren't out to embarrass anybody at all". The best films provoke a response and Sully beckons viewers to realize their own potential for greatness and compassion, even in the face of scrutiny or danger.

Oil Prices Surge on Crude Inventory Drawdown

At about 0320 GMT, US benchmark West Texas Intermediate for October delivery was up 81 cents, or 1.78 percent, to trade at $46.31 a barrel while Brent crude was up 76 cents, or 1.58 percent, to $48.74. commercial crude inventories fell by 14.5 million barrels to 511.4 million barrels as of September 2. Even with last week's draw, USA crude stocks were 80.643 million barrels above the five-year average for the same time of year.

Man steals money from bra of 93-year-old woman in wheelchair

The clip shows Maria Vasquez browsing the store for a new pair of slippers with her carer. " I was scared. I wasn't expecting it ", Vasquez told the New York Post . "It was very fast. She didn't have a handbag". She said she had just chased her pension check at a bank and her caretaker put the money in her bra for safekeeping because she wasn't allowed to carry the cash and Vasquez was wearing a dress with no pockets.

August jobs report expected to be released

Economists were encouraged by the 52,000 gain in full-time work, but noted the report could be volatile month-to-month. In August, 6.6% of men were unemployed-up from 6.3% the previous month-compared with 5.3% of women-down from 5.4%. Meanwhile, those 25 to 54 saw a decrease of 25,000 jobs for the month. Advertisment It may still have been summer, but the economy made small moves ahead last month.

United States dollar mixed on Yellen's speech, data

For December, the odds rose to more than 60 percent, from 57 percent Friday morning. Fed chair Janet Yellen said last week that the case for higher rates was strengthening, although any decision would be largely dependent on what upcoming data suggests about the U.S.

Sports Direct sharholders lash out at Mike Ashley

Ashley remained defiant, adding that he remained committed to carrying through his strategic plan for the company over the "next two-to-four years". Despite this, nearly 21% of shareholders voted for an independent review of working practices.

It's been 25 years since Australia's last recession

Meanwhile, the benchmark Australia's S&P/ASX 200 index traded 0.13 percent higher to 5,406.5 by 04:40 GMT. The Bureau of Statistics said a continued fall in resources sector construction was offset by public investment, such as in transport infrastructure projects, which contributed 0.7 percentage points to the quarter's economic growth.

Boulder weather: High of 84 with a chance of evening showers

Overnight, partly cloudy with a low around 72 and a southeast wind around 10 miles per hour. The overnight low is expected to be near 57, with a 10 percent chance of showers and thunderstorms before midnight. Sunny, with a high near 81. The overnight low is expected to be near 59. Today: Sunny skies, with highs around 80°F/Overnight, look for clear skies.

Tesla planning upgrade to semi-autonomous Autopilot system

In the most recent $124 million SolarCity bond issue, Musk and his cousins, CEO Lyndon Rive and Pete Rive, together purchased 80 percent of the bonds. " SolarCity was going to go under, but Tesla remains viable", Enderle said. "I'm still not sure if that makes sense". The electric vehicle maker is hoping to create a one-stop-shop for clean energy and transportation.

Webster County ACT scores down

Indeed, average ACT scores in Sioux Falls have not dropped below 22 in the last 10 years, and hovered at or above 23 between 2007 and 2010. Additionally, Nevada was dead last in percentage of students meeting the benchmark scores in each of the four test categories, save one.

EU foreign ministers try to find unity on relation to Turkey

The remarks, made after a meeting with the EU's national foreign ministers, may give the bloc more breathing space as it presses Turkey to change its counter-terror laws, a condition for allowing visa-free travel. But Mr Celik hit back saying such comments "lack vision" and "put in jeopardy the future of Europe". Ministers appeared keen to tread a fine line between pushing Ankara to heed their concerns about human rights without affecting diplomatic relations.