• Tropical Storm Karl could become fifth Atlantic hurricane
Tropical Storm Karl could become fifth Atlantic hurricane

At present, it's too early to tell what, if any, threat Karl may pose to Florida or the Eastern Seaboard. A slow and erratic motion offshore of the coasts of SC is anticipated during the next 2 days. It's centered about 365 miles (587 kilometers) west-northwest of the Cabo Verde Islands. Karl had tropical storm force winds of 45 miles per hour (75 ...

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  • Ford CEO: Trump Wrong About Mexico Move, 'We Are a Global Company'
Ford CEO: Trump Wrong About Mexico Move, 'We Are a Global Company'

On Wednesday at an African-American Methodist church in Flint, Michigan, Trump misspoke when he said that Ford, the American auto manufacturer will be taking away the jobs of those working in their USA manufacturing plants. Ford committed to build new vehicles at the Michigan Assembly Plant to take the place of the Focus and C-Max when it reached...

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  • Wells Fargo to End Sales Quotas for Bankers
Wells Fargo to End Sales Quotas for Bankers

The Consumer Financial Protection Bureau, which issued the penalty, said in a statement September 8 that Wells Fargo was spurred by sales targets and compensation incentives to boost sales figures to open the unauthorized accounts. The bank didn't admit or deny wrongdoing in its settlement. The activity peaked in 2013 and mostly occurred in...

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  • Kerry seeks world support for Pakistan's terror fight
Kerry seeks world support for Pakistan's terror fight

U.S. secretary of state John Kerry has said that Pakistan had made progress in the fight against extremism in recent months, but urged Islamabad to push harder against militants hiding within its borders. As part of the annual strategic dialogue, United States and India pledged on Tuesday to deepen security and commercial ties. Both India and Pa...

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  • Apple and the taxes paid by multinationals
Apple and the taxes paid by multinationals

Apple holds almost $215 billion in cash and securities outside the US, much of that generated by its Irish subsidiaries. The corporate giant paid just $50 in tax for every million it made selling iPhones and iPads to most of the world outside America, the European Union claimed, equal to a tax rate of just 0.005% in 2014.

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  • Elizabeth Warren v. Wells Fargo: Senate hearing set for September 20
Elizabeth Warren v. Wells Fargo: Senate hearing set for September 20

Wells Fargo was ordered to pay $185 million in fines to various entities, including a $100 million fine to the CFPB. Being pressured to open accounts by any means necessary seems to have pushed the employees to their breaking point. "And it should not have occurred at Wells Fargo ". However, a Wells Fargo spokesman declined to comment to C...

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  • Plan to Ease Cargo Crisis at Ports Due to Hanjin Bankruptcy
Plan to Ease Cargo Crisis at Ports Due to Hanjin Bankruptcy

A $1,000 increase in freight rates in a single month could boost annual profits at major Japanese shippers by as much as 4 billion yen ($39 million), and shipping fees to the U.S. "The objective is to get ships into port", said Judge John Sherwood of the U.S. Bankruptcy Court in Newark, New Jersey. But Hanjin's role at the port goes far beyond ...

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  • Alphabet and Chipotle may be delivering your burritos to you via drones
Alphabet and Chipotle may be delivering your burritos to you via drones

The MAAP is authorized to conduct projects using unmanned aerial systems at Virginia Tech with the express objective of researching and gathering data that it will share with federal authorities. The experiment is considered to be the most ambitious drone-delivery program of its kind in the U.S. Not only will you get your burritos delivered to you,...

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  • VW engineer pleads guilty in emissions case
VW engineer pleads guilty in emissions case

Liang, now a California resident, worked for Volkswagen's diesel development department in Wolfsburg, Germany from 1983 to 2008. Volkswagen has admitted that its cars contained the illegal software. The terms of his plea deal have not yet been made public. So instead, they designed and implemented software that would recognize when it the a...

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  • HD Supply (HDS) Stock Stumbles on Q2 Results, Outlook
HD Supply (HDS) Stock Stumbles on Q2 Results, Outlook

According to a research note published on Nov 17, 2015, analysts at Susquehanna have upped their rating on the company stock from Neutral to Positive. Second-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.88 and $2.03 billion in revenue. They now have a $43.00 target price on the stock, down from their previ...

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  • US Oil Climbs As Crude Inventory Plunges By 14.5 Million Barrels
US Oil Climbs As Crude Inventory Plunges By 14.5 Million Barrels

Elsewhere, on the ICE Futures Exchange in London, Brent oil for November delivery tacked on $1.42, or 2.94%, to trade at $49.40 a barrel. The Organization of the Petroleum Exporting Countries and non-OPEC producers such as Russian Federation are expected to discuss stabilizing oil markets during informal talks in Algeria from September 26-28.

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  • Scumbag steals pension money from 93-year-old woman in shocking clip
Scumbag steals pension money from 93-year-old woman in shocking clip

Until the money comes next month, I'm not sure how I'm going to pay the bills'. 'He scratched me and took off running. " I was scared. I wasn't expecting it ", Vasquez told The Post on Thursday. "He only escaped because I have an injured hand", Maria Vasquez , who uses a wheelchair after suffering three strokes, said Friday. "If only I was...

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  • Canada's 'very volatile' labour market roars back, adding 26200 jobs in August
Canada's 'very volatile' labour market roars back, adding 26200 jobs in August

The jobless rate has risen steadily since the start of the year, it was at 5.8 per cent in January and quickly rose from there. Statistics Canada is set to release its latest jobs report on Friday with economists expecting to see a rebound after a sharp drop in July.

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  • U.K. Construction Index Jumps Most Since 2013 in Brexit Rebound
U.K. Construction Index Jumps Most Since 2013 in Brexit Rebound

In contrast, the FTSE 250 index of mid-sized stocks, more sensitive to the domestic United Kingdom economy than the blue-chip index, rose 0.7 percent after the relatively strong manufacturing data. Firstly the pound's post-PMI push has sapped most of the FTSE's positive energy. The new orders balance rose less sharply, to 54.6, from 47.8, but also ...

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  • New MacBook Pro feature virtually confirmed in Apple code
New MacBook Pro feature virtually confirmed in Apple code

It is also possible that Apple will add the Touch ID function in the upcoming MacBook Pro, similar to the company's other devices such as the iPhone and iPad. It will feature a digital function key display that allows for common tasks to be done more quickly. The browser Safari would show the find and define terms controls, while the iMovie p...

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  • United States auto sales expected to drop in August
United States auto sales expected to drop in August

Total sales through August are now expected to be flat compared to a year ago. GM shares dipped 0.4 percent while Ford was off 1.4 percent in afternoon trading. Asked whether slowing demand in general could cause automakers to cut some production, Krebs said it depends on how disciplined they are. "All the economic factors continue to point tow...

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  • Explosion rocks SpaceX launch site in Florida during test
Explosion rocks SpaceX launch site in Florida during test

A rocket and its onboard satellite have been destroyed in a massive explosion which rocked a SpaceX launch pad during a routine test for a planned launch. Bill Nelson, D-Fla., said the accident was a reminder that spaceflight is risky. The explosion occurred at Launch Complex 40 at the Air Force station , right next door to Kennedy Space Centre.

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  • Oil prices dip on stronger dollar; rise in US crude stocks data
Oil prices dip on stronger dollar; rise in US crude stocks data

That easily outstripped market expectations for a smaller gain of 1.3 million barrels, according to analysts polled by Bloomberg News, and followed a 2.5-million gain the previous week. Oil prices fell further on Wednesday as dealers awaited the latest update on crude reserves in the United States. U.S. crude oil stockpiles rose much more than ...

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  • Apple hit with $19.2bn bill after EC ruling
Apple hit with $19.2bn bill after EC ruling

After a two-year investigation, the European Commission said in a release that as a result of the unfair tax treatment Apple was able "to pay an effective corporate tax rate of 1% on its European profits in 2003 down to 0.005% in 2014". Treasury Department criticized the European Commission, accusing it of unfairly singling out U.S. companies for p...

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  • Iraqi government, Kurds to start talks on oil dispute
Iraqi government, Kurds to start talks on oil dispute

Official data by the U.S. Energy Information Administration will be released later today. Analysts said they expected USA crude stockpiles rose 1.3 million barrels last week, the second straight weekly build , as the peak summer period for US driving and gasoline consumption winds down.

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