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[Newsmaker] What does jailing of Samsung heir mean for ex-president Park?


The lawyer for Lee has steered media inquiries to Samsung, whose spokeswoman did not have any immediate comment about the appeal against the sentence handed down on Friday. Out of 43.3 billion won - the total amount of the money which the special counsel viewed as paid or promised by Samsung Group - the court acknowledged only 8.92 billion won as a bribe. Read More »

Uber taps Expedia CEO to replace Travis Kalanick


One of the final candidates, Jeffrey R. Immelt, the former chief executive of General Electric , posted on Twitter on Sunday that he had "decided not to pursue a leadership position at Uber ". The company has confronted multiple allegations of sexual harassment, is fighting a lawsuit against self-driving carmaker Waymo, and is facing a federal probe over its use of a software tool to evade law enforcement. Read More »

Gold rises to 1-week high after Yellen's speech

Her speech appeared to echo that of her number two at the central bank, vice-president Stanley Fischer , who in an interview with the Financial Times on 15 August argued against rolling back post-crisis financial regulations , describing such an attempt as "mind-boggling", adding that that the USA political system "may be taking us in a direction that is very risky". Read More »

Haryana, Punjab peaceful; security remains on high alert


As the clamour for Chief Minister Manohar Lal Khattar's resignation grew from all quarters, the BJP leadership threw their weight behind its man on the hot seat, saying there was no question of replacing him. The court made the stinging observation as the Centre and Haryana government came under intense scrutiny for administrative lapses after Gurmeet Singh was convicted in a rape case. Read More »

Woman braves Hurricane Harvey to give reporter some beer


The four vessels have a combined capacity of about 15,000 cruisers. Royal Caribbean has been one of the cruise lines impacted by Tropical Storm Harvey and we've got the latest updates on Liberty of the Seas . Refunds are not likely, but credits are possible for those whose cruise is shortened. The ships packing almost 12,000 guests and roughly 3,700 crew members combined may be delaying returns to the Port of Galveston, a Gulf Coast stop near Houston. Read More »

Oil Trims Weekly Drop as Storm Heads for Texas; Gasoline Surges


Per the Associated Press , before the hurricane made landfall on Friday night, "Dozens of oil and gas platforms had been evacuated, at least three refineries had closed and at least two petrochemical plants had suspended operations". The prospect of supply interruptions sent gasoline futures to $1.74 a gallon, their highest level since April, before retreating to around $1.67 by Friday afternoon. Read More »

Air NZ flight to Houston diverted after storm closes Houston airport


The Federal Aviation Administration said the smaller William P. Hobby Airport closer to downtown Houston would stay closed until Wednesday as historic rainfall drenching the fourth-largest US city continues. The airline is waiving change fees from August 24-29. Spirit Airlines will do the same for passengers traveling in and out of Houston from Friday through Sunday. Read More »

Jeff Immelt Announces He Will Not Be CEO Of Uber


Meg Whitman , CEO of Hewlett Packard Enterprise, was also a leading contender but said in late July that the Uber search process had become a "distraction" and that she would not be the next CEO. Benchmark Capital, one of the startup 's early investor, has sued Kalanick, alleging the ride-hailing company's co-founder hasn't acted in the interest of Uber's stockholders, employees, drivers and passengers. Read More »

Hurricane Harvey could devastate parts of Texas


Shannon Barnes, 29, said he spent the night checking on elderly relatives, including a grandmother, whose home was leveled soon after she was taken out of town by another relative. "So far, so good!" Rockport, located about 31 miles northeast of Corpus Christi, experienced peak wind surges of more than 125 mph overnight, according to the National Weather Service. Read More »

US Fed chair defends post-crisis banking reforms


While some observers say Trump still could reappoint Yellen in 2018 due to the perceived chaos in his administration and the standoff with and within Congress, such a reappointment is deemed unlikely from the policy viewpoint. "While material adverse effects of capital regulation on board measures of lending are not readily apparent", she said, "credit may be less available to some borrowers, especially homebuyers with less-than-perfect credit histories and, perhaps, some businesses", should ... Read More »

Japan hits North Korea with new sanctions


North Korea's nuclear aspirations have progressed forward rapidly despite sanctions, and Pyongyang has resisted any United States attempts at negotiation that mandates de-nuclearization up front. Beijing had already suspended imports of North Korean coal in February. "We have made a decision to work in close coordination with the United States and have taken these new measures reflecting on those taken by Washington", Suga said. Read More »

Vianet Group PLC (VNET) Insider James Dickson Acquires 34790 Shares of Stock


The firm has "Equal Weight" rating by Barclays Capital given on Tuesday, November 1. Jefferies maintained the shares of SE in report on Wednesday, June 8 with "Hold" rating. The firm has "Hold" rating given on Monday, January 25 by BB&T Capital. The stock of Expedia Inc (NASDAQ:EXPE) has "Outperform" rating given on Thursday, November 5 by Oppenheimer. Read More »

U.S. dollar declines after Yellen speech


Many Republican politicians have been urging a loosening in regulations, in particular the Dodd-Frank Act, which became law in 2010 and which aimed to protect consumers by ensuring no bank could be "too big to fail". Earlier in the session, Yellen said the economy was stabilizing but made no specific remarks about monetary policy during her speech at the gathering of central bankers in Wyoming. Read More »

Sterling bounces after Yellen speech though outlook bleak


Yellen's speech will be closely scrutinized for any hints on when the Federal Reserve may begin balance sheet reduction while Draghi could comment on the euro's recent strength. "Not only will the next European Central Bank meeting in September come with new macroeconomic projections that will shape their decision on QE after December, but his speech also falls at a relatively illiquid time of the day and month". Read More »

Why Marvell Technology Group Ltd. Shares Jumped Today


CLSA upgraded the shares of JPM in report on Tuesday, August 25 to "Outperform" rating. On Friday, September 25 the stock rating was maintained by Nomura with "Buy". Sigma Planning Corp invested in 0.02% or 31,775 shares. (NASDAQ:MANH). Panagora Asset Mgmt has invested 0% in Manhattan Associates, Inc. Macquarie Group Incorporated reported 14,100 shares. Read More »

Janet Yellen defends U.S. regulations

She said reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth, and any future changes should remain modest . According to Ms. Yellen, the Dodd-Frank act has allowed them to secure the banking system, in particular because the financial institutions are obliged to maintain a level of capital higher. Read More »

Aston Villa boss Steve Bruce discusses interest in Arsenal's Jack Wilshere


The Scotland global Snodgrass was only brought to the East London Club in January after a promising first half of last season with Hull City . Snodgrass has failed to hold down a regular spot in Slavan Bilic's West Ham side since leaving Hull in January and will now be reunited with former boss Steve Bruce in Birmingham. Read More »

Metro Vancouver bridge tolls to be lifted September 1


Transport demand management reduces pollution and emissions, alleviates congestion and helps pay for costly infrastructure. "We look forward to that commitment being met so that British Columbians can have an evidence-based, truly fair approach to this file". Read More »

US extends sanctions against North Korea

Washington and Pyongyang have traded heated rhetoric and dueling threats in recent months, and Wednesday's verbal volley published by the state-run KCNA news agency was, in some ways, a predictable response to the joint US-South Korean military exercises from a North Korean regime that views such activities as practice for an eventual invasion. Read More »

Volkswagen engineer sentenced by MI judge for emissions conspiracy


Volkswagen customers by implementing software specifically created to cheat U.S. emissions tests in almost 600,000 Volkswagen "clean diesel" vehicles. "But he wasn't the mastermind". James Robert Liang, 63, of Newbury Park, California, pleaded guilty a year ago to one count of conspiracy to defraud the United States, to commit wire fraud and to violate the Clean Air Act. Read More »

Boosts Rating On Chipotle Mexican Grill, Inc. (CMG)


It has underperformed by 9.08% the S&P500. At current levels, Chipotle Mexican Grill , Inc. (NYSE: CMG)'s Buy count is 0 and Strong Buy is 6 while the number of analysts recommending Sell and Strong Sell are 0 and 17, respectively. Raab And Moskowitz Asset Limited Liability holds 2.14% or 33,987 shares in its portfolio. Independent Investors reported 414,683 shares. D Scott Neal reported 200 shares stake. Read More »

Will Yellen Present a New Fed View at Jackson Hole?

However, recent media reports suggested that Draghi will refrain from any major announcements. Investors now price just a 42% chance of a rate rise in the the end of the year, according to Fed-fund futures tracked by CME Group, and almost 35% expect rates to be unchanged in August 2018, well below the Fed's own projections for monetary policy. Read More »

Household spending and business investment slows over Q2


That has dragged on the strong consumer spending which has fuelled economic growth over the last couple of years. The figures were contained in the latest official reading of economic growth, which confirmed an initial estimate that GDP rose by 0.3% in the May-June period, ticking up just slightly from the 0.1% first quarter rise. Read More »