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USA charges Platinum Partners founder, others with $1 billion fraud

Attorney in Brooklyn, said in a statement . On or about December, 13, 2015, Nordlicht, Landesman and an unnamed co-conspirator sent emails "that contemplated Nordlicht and Co-Conspirator 1 fleeing from the United States and illustrated their knowled...

Japan passes China as the largest non-US holder

Japan's holdings of U.S. Treasury debt totaled $1.1319 trillion as of the end of October, down $4.5 billion from a month earlier. Figures for foreign ownership of U.S. Beijing purchased U.S. Treasuries to keep its currency weak as it worked to grow...

Yahoo admits it's been hacked again, and 1 billion accounts were exposed

The perpetrators may have landed names, email addresses, telephone numbers, dates of birth, masked passwords, and security questions and answers . There would have to be significant damage to the value of Yahoo's business, like if it caused many...

JCI Continues Decline as US Fed Rate Hike Triggers Fund Outflows

Meanwhile, fixed-rate changes vary from a slight decrease of 0.05% for one-year fixed loans to a 0.26% increase for three-year fixed loans. Indonesia's central bank kept its benchmark interest rate unchanged for a second month as more policy tighteni...

Ronaldo caps dream year with fourth Ballon d'Or

Born into a poor family in Madeira to a cook and a gardener as the fifth child, Cristiano's road to success was full of challenges and adversities, more than what Lionel Messi - another great footballer of his generation had to face. "Any player coul...

PM Modi a 'good reformist': Malaysia PM Razak

The Prime Minister told the gathering that a number of steps have been taken to attract greater FDI and listed the various steps taken in this direction. Roads railways, ports upgraded. India's initiatives including a Project Development Fund and L...

Barclays Capital Issues Price Target With 9.27% Upside On Esure Group Plc

Barclays PLC reissued an "equal weight" rating and issued a GBX 685 ($8.70) price objective on shares of UBM Plc in a research note on Wednesday, August 31st. If you are viewing this news story on another website, it was stolen and reposted in viola...

Reliance Jio Prompts Other Telcos Towards Providing Free Services

The company said these plans are available for all 2G, 3G and 4g customers with a validity of 28 days. These developments are a clear indicator of the intensive degree of competition in the 4G wireless segment. The operator, just like Airtel , has l...

Markets in the green in early trade

The broader NSE Nifty soared 144.80 points, or 1.79 per cent, to close the day at 8,246.85 after shuttling between 8,256.25 and 8,151.75. "The rupee, however, lost its early gains to the U.S. "Key benchmark indices traded the day in a narrow, albeit ...

US moves to block Chinese purchase of German tech firm Aixtron

The Treasury Department announced Friday that Obama would veto semiconductor maker Fujan Grand Chip's acquisition of the US business of Aixtron SE . "We hope the external parties will not over-interpret that or make any political intervention", said...

US investigating leak related to Petraeus case

Each candidate offers different merits and drawbacks, making it a hefty decision for a 70-year-old maverick NY real estate tycoon, who has never previously held office. Once the top US military commander in Iraq and Afghanistan, Petraeus was sentence...

GoPro to cut about 15 percent of workforce

The entertainment division was a recent development by the company, born from an idea to build on the sales that already resulted from viral GoPro-shot videos and stories of the cameras surviving odd conditions. The company anticipates booking most ...

Oil tumbles as output cut looks elusive, shares slip

The benchmark index has risen 12 percent since Donald Trump was elected president earlier this month, which triggered a spike in Treasury yields on heightened expectations of increased fiscal spending and inflation. The dollar plummeted more than 1.6...

4th-Ranked Tar Heels Hand Cowboys First Loss

I was really proud of the way he played tonight. Reports have already named Fedora as a possible candidate for the LSU job, and others could come knocking depending on which positions open up at the end of the year. "It's uncomfortable for me", Wil...

Screwfix digital sales contribute to Kingfisher growth

Like-for-like sales increased 1.8% year-on-year to £2.96bn ($3.7bn) in the three months to 31 October, following a 3% growth in the previous quarter. "Sales have been driven by Poland and the United Kingdom, especially Screwfix, offset by softer sa...

Allow Old Rs.500 Notes For Another Ten Days

Many of them have however found a new job: to stand in the queue to exchange old currency notes of their employers for the new ones for a commission. 'I was told by the officials that their branches in overseas locations are not authorized to exchang...

Banks have enough cash for exchange: RBI

Initial euphoria over being able to withdraw money evaporated as people found that there were no takers for the new Rs 2000 note which they were getting at banks and ATMs. "Further, the vans have to make multiple trips to refill the ATMs as they ge...

Demonetization: RBI announces new steps to decrease cash crunch

In Karnataka, Chief Minister Siddaramaiah took stock of the prevailing situation in the state in the wake of demonetisation of Rs 1,000 and Rs 500 notes by the central government. Cash-strapped people started making a beeline outside ATMs from early ...

Alibaba's Singles Day smashes sales record in 15 hours

Alibaba smashed its Singles' Day shopping record on Friday clocking over 23 percent growth, the Chinese e-commerce giant said on Friday. As of 9 AM (local time), total sales across 16 of China's major e-commerce platforms had already topped ...

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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...