• Multifamily market drags down housing starts
Multifamily market drags down housing starts

New-home construction in the USA unexpectedly fell in September on a plunge in multifamily building while permits rose more than forecast, in signs of fitful progress in residential real estate. The Commerce Department also reported building permits for private-owned housing units climbed 6.3% in September month over month. Last month's decline lef...

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  • FCA recalling 310800 vehicles including Jeep Wrangler SUVs
FCA recalling 310800 vehicles including Jeep Wrangler SUVs

The recall covers certain wranglers from the 2016 and 2017 model years in the US and Canada because the air bags may not inflate in a crash. According to a notice [ PDF ] posted with the National Highway Traffic Safety Administration , the affected Jeep Wranglers could contain a wiring defect that would prevent the front airbags from deploying...

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  • UN Security Council condemns failed N.Korea missile launch
UN Security Council condemns failed N.Korea missile launch

Council members agreed to "closely monitor the situation and take further significant measures", the statement said. It flew about 400km and reached an altitude of over 1,000 km, showing that it can function as an intermediate-range ballistic missile.

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  • French court OKs Calais migrant camp closure, amid NGO fears
French court OKs Calais migrant camp closure, amid NGO fears

The remaining part of the camp is to be closed before the end of October, after the main section was dismantled in March. Fourteen children, the first whose cases have been processed, arrived by bus in Croydon, south London , to be reunited with relatives already living in Britain .

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  • Netflix's big bet on original shows finally seen paying off
Netflix's big bet on original shows finally seen paying off

Netflix has been facing a slowdown in subscription growth in the United States as the market matures and a planned U.S. price hike raised concerns it would not hit its targets. Netflix plans to focus more on self-producing than licensing content from third-party producers and networks in the future, its latest financial results have revealed.

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  • US Import Prices Rise 0.1% in September, Positive Annual Rate in Sight
US Import Prices Rise 0.1% in September, Positive Annual Rate in Sight

That was also below the 0.2 percent drop expected by economists. Dow Jones called for a rise of 0.2% in import prices. But that was the smallest decline in prices over any 12-month period since August 2014, suggesting inflation is firming. Import prices have been kept in check in recent years by depressed oil prices, weak demand in overseas economi...

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  • Brexit legal challenge begins at United Kingdom high court
Brexit legal challenge begins at United Kingdom high court

The opposition Labour Party has yet to reveal its official position if a vote were held, but a third of the 24 Labour lawmakers who responded to the survey said they would back triggering Britain's European Union exit. "It must not be used as a vehicle to undermine the government's negotiating position or thwart the process of exit", he said. "...

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  • Verizon closing call centers in five states, affecting 3200 workers
Verizon closing call centers in five states, affecting 3200 workers

The company doesn't operate any other call centers in CT, so employees who choose to relocate will have to leave the state. A spokesperson for Governor Andrew Cuomo called the closure "an egregious example of corporate abuse" and said that Cuomo has directed the state labor department to dispatch its rapid response team to help employees during t...

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  • Obama: Trump's comments on women disqualifying
Obama: Trump's comments on women disqualifying

The divide has caused deep consternation among Republican officials, but Earnest said Tuesday the current circumstances were predictable. Obama won the state in 2008 and narrowly lost it to Mitt Romney in 2012. It's possible to see her words as a veiled shot at the Clinton's marriage. But now, it can really happen. Countering Trump's belligerent ...

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  • Fayette Mall staying closed on Thanksgiving
Fayette Mall staying closed on Thanksgiving

Recently, Mall of America also announced they would be closed for Thanksgiving, along with a number of other stores. The mall was not alone in their decision to close for the holiday. However, access to the mall's common areas will be restricted until 6:00 a.m. on Friday. Taubman Prestige Outlets previously tried staying open past midnight on...

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  • Ford idles Flat Rock amid slow Mustang sales
Ford idles Flat Rock amid slow Mustang sales

The 3,702 workers employed at the MI plant that produces the Mustang will continue to be paid, per their union contract. What's worse? The Mustang is being outsold by the Camaro for the first time in about two years. This is an important measure to take especially after Ford noticed that the decline is by a huge margin of 32%. Idling the plant ...

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  • Delta Air Lines, Inc. (NYSE:DAL) , Whole Foods Market, Inc. (NASDAQ:WFM)
Delta Air Lines, Inc. (NYSE:DAL) , Whole Foods Market, Inc. (NASDAQ:WFM)

The share price of $39.77 is at a distance of 22.66 percent from its 52-week low and down -23.74 percent versus its peak. The $56.69 average target is 44.32% above today's ($39.28) stock price. The disclosure for this sale can be found here. The investment management firm now holds a total of 5,699 shares of Delta Air Lines which is valued at $22...

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  • Trump mocks Clinton for 'Lincoln defense' over hacked emails
Trump mocks Clinton for 'Lincoln defense' over hacked emails

Louis, Sunday, Oct. 9, 2016. In perhaps the least shocking development of Sunday night's debate, Donald Trump made clear: He doesn't think Hillary Clinton is on par with Abraham Lincoln. Trump clung onto the Lincoln angle, responding with: "She lied, and now she's blaming the lie on the late great Abraham Lincoln ". That's the good thin...

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  • New Jersey legislature sends gas tax hike to governor's desk
New Jersey legislature sends gas tax hike to governor's desk

The bill passed 44-27 in the Assembly and 24-14 in the Senate. Chris Christie signs it, whichever is later. For a complete list of how each Senate and Assembly Member voted, visit the New Jersey State Legislature Site and search for Bill: A10.

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  • Snapchat said to be eyeing $25-billion IPO in early 2017
Snapchat said to be eyeing $25-billion IPO in early 2017

Snapchat , which has 150 million daily active users, said earlier this year that it would generate revenue between $250 million and $350 million in 2016 and as much as $ 1 billion by 2017, according to a May report from TechCrunch. In an interview with Adweek in 2015, Snapchat CEO Evan Spiegel outlined what he saw as some advantages his co...

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  • Kaine vs. Pence: All even at the start, poll shows
Kaine vs. Pence: All even at the start, poll shows

A surprising 64 percent of Americans said , according to a poll released on Monday, that they are likely to watch the vice presidential showdown - just 10 percent fewer than those who said they planned to watch the blockbuster of a debate between Clinton and Trump.

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  • Wall Street rallies, led by Deutsche Bank, financials
Wall Street rallies, led by Deutsche Bank, financials

US stocks shot up and were showing signs of stability Friday after a sell-off a day earlier on worries about the health of a major German bank, signaling that Wall Street is closely monitoring the situation at Deutsche Bank but not pricing in disaster.

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  • Rogue trader Kerviel ordered to pay SocGen €1 mln
Rogue trader Kerviel ordered to pay SocGen €1 mln

In 2014, the Cour de cassation, France's highest court, upheld Kerviel's criminal conviction and jail sentence, but annulled the 4.9 billion-euro civil damages, arguing that the bank was also responsible for its own losses. He has always maintained that his bosses turned a blind eye as long as the profits kept rolling in. In total he actually spe...

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  • What Deutsche Bank is telling investors in Europe
What Deutsche Bank is telling investors in Europe

The German bank has been hurt by the U.S. Justice Department, which has slapped a $14 billion fine on Deutsche Bank for its role in selling risky residential mortgage backed securities in the run-up to the financial crisis back in 2008. Earlier on Friday, Deutsche Bank said in a statement that its financial position was stable. In trading on th...

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  • Jets' Eric Decker has partial tear in rotator cuff
Jets' Eric Decker has partial tear in rotator cuff

Furthermore, the shoulder injury to Decker is certainly concerning. He played four snaps in Week 1 against the Bengals, six snaps in Week 2 against the Bills, and 11 snaps in Week 3 against the Chiefs, including his first two National Football League catches (for 34 yards).

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