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VW ex-boss probed for market manipulation: prosecutors

German stock market law requires publicly traded companies to alert investors as soon as they have unforeseen developments that could affect a decision to buy or sell the stock. The prosecutors' office in the city of Braunschweig, which is leading ot...

Microsoft to acquire LinkedIn by the end of this year

The transaction has been approved by the Board of Directors of both companies, and is still subject to approval by LinkedIn's shareholders, the satisfaction of certain regulatory approvals and other conditions. Microsoft said it would issue new de...

US Fed keeps interest rates unchanged

On Wednesday, the fed funds rate averaged 0.37 percent, trading in a range of 0.36 percent to 0.56 percent with $69 billion changing hands. Federal Reserve officials are less optimistic about the economy's growth this year and next, compared with thr...

NY fantasy sports hinge on Gov. Cuomo; legal claims remain

The legislation survived heavy opposition from casino companies operating in NY. Millions of our fellow New Yorkers were shutout of popular online fantasy-apps like Fanduel and Draftkings this year, but a new round of political proceedings could ha...

DiCaprio deposition ordered in 'Wolf of Wall Street' lawsuit

Greene is seeking $25 million for defamation as he claims the wig-wearing character Nicky "Rugrat" Koskoff - who was played by B.J. Byrne - was based on him with his nickname "Wigwam" changed to rug rat. Both testified to the regular meetings with ...

FM: Decision on successor soon

Earlier today, Rajan announced that he would return to the academic world at the end of his term on September 4, 2016, adding he will always be available to serve his country when needed and asserted that his "successor" would take the nation to new ...

Orlando shooter's wife may have known about attack

In a new turn of events relating to the worst mass shooting in United States history, it's emerged that Omar Mateen's wife might have known about his intentions to massacre people at an Orlando gay nightclub. Mateen's ex-wife Sitora Yusufiy and o...

Orlando gunman Mateen raged against 'filthy ways of the West'

He also said that at one point, Mateen told him he wanted to pursue a relationship. The neighbour, Rajinder Chahal, said Ms Salman visited her mother only once after she married Mateen. He said he had no idea his USA -born son became radicalize...

University of Louisville president James Ramsey resigning

Last month, the Republican governor used state police officers to prevent the ousted chairman from participating in a meeting of the board of one of the country's worst-funded pension systems. In the interim, Bevin said he was appointing businessman ...

Greece closing in on next bailout payment

In Luxembourg on Thursday, eurozone finance ministers approved a payment of €7.5bn of aid to Greece, which is part of the €86bn bailout agreed a year ago. Capital Economics said that while the immediate risks surrounding Greece have receded once aga...

Microsoft to buy networking site LinkedIn for $26.2 billion

LinkedIn , a networking site aimed at business users, has more than 400 million users worldwide. " Microsoft has fallen behind in the consumer Internet sector, and this deal gives Microsoft 433 million social LinkedIn members that is growing", D...

Housing starts dip 0.3% in May

Single-family housing completions in May were at a rate of 717,000; this is 2.3 percent above the revised April rate of 701,000. "There is some evidence of a pullback in multi-family activity from very elevated levels seen in the summer of past yea...

Wal-Mart Stores, Inc. (WMT) Thinks Job Cuts Will Improve Your Shopping

Instead of having physical accountants, the affected stores will now use "cash recycler" machines for counting money. In the new roles, workers will make at least $17.55 an hour, Ibbotson told the Wall Street Journal. "With this launch, Walmart bec...

IEA revises up forecasts on global oil demand growth

Total output was 95.4 million barrels per day, 590,000 barrels per day less than a year ago and the first real drop since early 2013. This was less than the Market's expectations of 2.26 million barrels of draw-down. Most of the anticipated demand gr...

Gun maker stocks rise in wake of Orlando shooting

This claim appeals convincing in terms of the stock market observation as other gun makers, aside from Smith & Wesson, experienced rises in their stocks. Smith & Wesson Holding Corporation is a manufacturer of firearms. Sadly, this has happened all...

Ipsos MORI poll shows 53 percent of Britons back Brexit

She's a member of the center-left Labor party, whose leader and rank-and-file members want to stay in the EU. Prime Minister David Cameron said he was "very concerned" about the attack and cancelled a rally he had planned in Gibraltar as part o...

Viacom CEO's tenure may be up soon after board shakeup

Herzer's lawyer Pierce O'Donnell of Greenberg, Glusker, said in a statement Monday: "The evidence at the new trial will prove in detail how it came to pass that Redstone has been transformed into a fragile shell of a once powerful media titan whose v...

Egyptian Authorities Have Located Parts from EgyptAir MS804

They contain vital information, including any conversations inside the cockpit just before the May 19 crash of Flight MS804, which killed all 66 on board. Locator pings emitted by flight data and cockpit voice recorders can be picked up from deep und...

Stocks rise ahead of Fed rate decision, comments

Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed while growth in economic activity appears to have picked up. As the economy has healed in recent years, Fe...

Kashmir separatists 'united', 'ready' to foil Sainik and KP colonies plans

The delegation members informed the Mirwaiz that Kashmiri Pandits too were desirous of returning to the Valley and wanted to hold consultations with Kashmiri Muslims so that a way to their dignified return to Kashmir is found where once again they be...

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Breaking News

U.S. growth hits 3-year low at 0.7% in Trump's 1st quarter

The slow-down in real GDP in the first quarter reflected a decrease in personal consumption expenditures, private inventory investment and in state and local government spending. "...

Physician who was dragged off flight settles with United

United Airlines and lawyers for the passenger seen on video being dragged from a United airliner in Chicago say the man has reached "an amicable settlement " with the airline. Wh...

Twitter has plans for 24/7 live streaming

Earlier this month, Twitter lost a bidding war to Amazon for the streaming rights of Thursday Night NFL games. For instance, the National Football League package got about 3.5 mil...

Trump tweets don't help: 1st Twitter revenue drop since IPO

Twitter's revenue , however, fell 7.8 per cent to $548.3 million (€503.6m) in the first quarter, its first drop since its initial public offering. Net loss narrowed to $61.6m, or ...

Tesla Model S loses top ranking from Consumer Reports

TSLA has a 1-year high price of $ 313.73 and 1-year low price of $178.19. Bernstein Initiates Coverage On the company's stock to Market Perform on 3/08/17 by setting a price targe...

FCC chairman to propose reversing 'net neutrality' rules

FCC chairman Ajit Pai's much-anticipated speech outlining next steps on net neutrality regulation drew immediate response from inside and outside the Beltway. We recognize that our...

Uber wants to launch 'flying cars' by 2020

Speaking on stage at conference in Dallas, Uber product chief Jeff Holden, who called flying cars "a natural next step" for Uber , said talks with Nasa and the Federal Aviat...

Triple talaq crippling lives of Muslim women: India PM Modi

Chief Minister Naveen Patnaik explained that he would not be meeting the PM because he was visiting the state for "political work". "We should take lessons from the prime ministe...

Unilever's first quarter sales top expectations

Unilever, who also owns Hellmann's mayo, rejected a surprise $143B takeover proposal from Kraft Heinz a couple of months ago citing "cultural differences". Distiller Pernod Ric...

United misses deadline to answer senators on dragging

Also this week, United Airlines and Chicago airport officials missed a deadline for answering questions from by key US senators about the dragging incident aboard a United Express...

Special Reports

York Region police arrest more than 100 men in child prostitution case

York Region police arrest more than 100 men in child prostitution case

Detective Sergeant Thai Truong of the human trafficking team said no girls were injured in the operation of online sexual services for girls aged 13-16. "Lol im 16 mr...i still hav...

Canadian engineering giant to buy Atkins for £2.1bn

Canadian engineering giant to buy Atkins for £2.1bn

WS Atkins shares were up 4.8% on Friday at 2,078.00 pence. It will acquire WS Atkins stock for 20.80 pounds per share in cash, subject to approval by shareholders, regulatory ...

OPEC slashes output in March, expects shale comeback

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria oil production is yet to climb to two million barrels per day. U.S. West Texas Intermediate ( WTI ) crude fu...

Trump to Sign Measures to Review Financial Regulation

Trump to Sign Measures to Review Financial Regulation

Trump is turning his attention to financial reform again as a top House Republican this week unveiled the latest version of legislation to replace Dodd-Frank, which was enacted in ...

$13 a pack? NYC mayor wants highest cigarette prices in US

His bills would increase the base price for all tobacco products; lower the number of tobacco retailers via attrition; create retail licenses for e-cigs and cap the number of outle...