Money

Author: 0 U.S. airlifted $400 million to Iran as detained Americans were released

White House spokesman John Earnest said that they conducted an analysis and concluded Iran would most likely not use the money to fund terrorist groups. The payment required hard currency, they said, because Iran could not access the global financial system due to worldwide sanctions it was under at the time.

Money Oil prices higher after entering bear market
Author: 0 Oil prices higher after entering bear market

At around 0350 GMT, US benchmark West Texas Intermediate for delivery in September was up 25 cents, or 0.63 per cent, to $39.76 and Brent crude for October added 19 cents, or 0.45 per cent, at $41.99 a barrel. Oil futures have run into pressure recently on concerns of a global oversupply while the peak demand season is coming to a close. Oil prices yesterday closed below the $40 per barrel mark and remain there in today's early trading.

Money Uber China, Didi Chuxing Join Forces
Author: 0 Uber China, Didi Chuxing Join Forces

As for how much Uber got out of the deal, reports suggest that the $ 2 billion Uber put into the Chinese market gained the company a $7 billion stake in a growing firm, which is a pretty impressive return on investment. The deal will give Uber a 20 percent stake in Didi Chuxing. Despite showing sensitivity to the unique nature of the China market (for example, by setting up a separate entity, Uber China, to partner with local investors), Uber joins this group.

Money How the Dow Jones industrial average fared on Tuesday
Author: 0 How the Dow Jones industrial average fared on Tuesday

Crude oil had rebounded slightly in the morning to put a little distance above the $40 per barrel number - only to slip back a few dimes below that level by the afternoon. Exxon Mobil fell $2.32, or 2.6 percent, to $86.63 and Chevron shed $2.20, or 2.1 percent, to $100.29. The stocks dragged the S&P's consumer discretionary index down 1.4 percent, making it the biggest loser among the 10 major S&P indexes.

Author: 0 US launches airstrikes targeting IS in Libya

Serraj, said in a televised statement that American warplanes attacked the IS bastion of Sirte. Col. Mark Cheadle, a spokesman for Africa Command, said the initial wave of strikes has helped forces aligned with Libya's Government of National Accord advance on the enemy.

Money Whiting Petroleum Corp. Stock Technicals Hit Extreme Weakness
Author: 0 Whiting Petroleum Corp. Stock Technicals Hit Extreme Weakness

The bullish price estimates of the stock is set at $19.00 while the bearish estimates kept at $8.00 over the next one year. Analysts have consensus one year price target of $43.47. The average estimate of EPS for the current financial quarter, company stands at $-0.30 while the Earning per share for the current fiscal year is fixed at $-1.84 by 35 analysts.

Author: 0 Human chain used to rescue woman in flash flood

One of those who initially went to the aid of the woman was swept away by the force of the water only to swiftly return and renew the rescue attempt. HOWARD CO., Maryland - The flood that devastated downtown Ellicott City, Maryland , killing two people and destroying or damaging at least 25 buildings , was the worst in memory of a 57-year-old county executive.

Money Tesla to acquire SolarCity for $2.6 billion
Author: 0 Tesla to acquire SolarCity for $2.6 billion

Moreover, the deal was backed by a special committee at SolarCity , appointed to independently assess the offer and explore alternative strategic options. SolarCity's debt load from its reliance on net metering policies to fuel installation growth stoked some fears among Tesla shareholders, precipitating a sudden drop in its stock.

Author: 0 Syrian Nusra Front splits from Al Qaeda

Analysts said Al-Nusra aims to rebrand and defend itself as it comes under increased pressure after Moscow and Washington agreed to step up joint efforts against jihadist groups. Aid groups said a maternity hospital had been hit, but it was unclear which country's warplanes were responsible. US Ambassador to the United Nations Samantha Power condemned Syria's leaflets, urging civilians in rebel-held East Aleppo to flee and offering them safe passage and access to temporary shelters ...

Author: 0 1 dead after historic Md. town ravaged by floodwaters

All of the glass is broken, numerous sidewalks are out. Residents and visitors said they saw people being swept down the street in rushing water, along with their cars. In Baltimore County, authorities said flooding and rain were especially severe on the west side, with many calls for rescue from stalled vehicles. County officials urged residents in Centennial, Lake Kittamaqundi and Allview along the Little Patuxent River to relocate to higher ground in case an upstream dam should fail.

Author: 0 Andrew Miller admits what Yankees won't on his way out

In return, the Yankees will receive top prospects Clint Frazier , an outfielder, and Justus Sheffield , a left-handed pitcher, in the deal. The Yankees had been entertaining offers for Miller after they traded closer Aroldis Chapman to the Chicago Cubs last week.

Money Stress test confirms French banks can resist severe shocks: central bank
Author: 0 Stress test confirms French banks can resist severe shocks: central bank

Italy's Monte dei Paschi (BMPS.MI), Austria's Raiffeisen (RBIV.VI), Spain's Banco Popular (POP.MC) and 2 of Ireland's main banks came out with the worst lead to the EBA's test of 51 European Union (EU) loan providers. Italian lender Monte dei Paschi di Siena unveiled a plan on Friday to prevent its centuries-old business from being wound up by regulators, a privately funded overhaul that Rome hopes will help stabilise the country's entire banking sector.

Money NextEra agrees to buy Oncor from Energy Future Holdings for $18.4B
Author: 0 NextEra agrees to buy Oncor from Energy Future Holdings for $18.4B

News reports have said Berkshire Hathaway and Edison International have also expressed interest in buying Oncor. Other suitors that came calling-unsuccessfully-included Hunt Consolidated Inc. NextEra also said it wouldn't cut any Oncor jobs during its first two years of ownership. The company claims to have invested $8 billion in transmission, power generation, gas pipelines and other operations in Texas.

Money What's the probability of a Fed rate hike this year?
Author: 0 What's the probability of a Fed rate hike this year?

Piegza said in an e-mailed note before the Fed statement was issued. Silver futures for September delivery gained 0.57% to $20.307 a troy ounce, while copper futures for September delivery fell 0.45% to $2.206 a pound. In fact, following the release investors pushed back expectations for the next hike rather than bringing them forward. "They know that the data could get better so they don't want to shock the market if they do move.

Money Tax Free Weekend begins in Tennessee and Mississippi
Author: 0 Tax Free Weekend begins in Tennessee and Mississippi

Alabama's back-to-school tax holiday is the first weekend of August. The holiday is also less inclusive than it was in previous years. Items on the tax free list include baby clothes, school uniforms, gym clothes, night clothes, veils, and work clothes and uniforms.

Author: 0 Italian bank Monte Paschi worst performer in stress tests

The bank said the board has asked for more information regarding the proposals. The EBA unveiled that the Italian lender's fully-loaded common equity tier 1 capital (CET1) ratio - a key measure of a bank's ability to withstand shocks - would fall into negative territory, -2.23 percent, if faced with an adverse economic scenario in 2018; a swing of 14.23 percent from what is expected to be the baseline scenario.

Money Pipeline 'anomalies' detected night before leak into North Saskatchewan River
Author: 0 Pipeline 'anomalies' detected night before leak into North Saskatchewan River

Chief Kenny Moccasin of the Saulteaux First Nation says many of his people hunt and pick berries along the river. Saskatchewan Premier Brad Wall said on Wednesday he was not satisfied with Husky Energy Inc's emergency response to an oil spill into a river that supplies drinking water, and said the western Canadian province needed to consider ways to avoid a reoccurrence.

Money Chinese hackers attack VN's airports and Vietnam Airlines' website
Author: 0 Chinese hackers attack VN's airports and Vietnam Airlines' website

Yang Yujun, a spokesperson for China's defense ministry, on Thursday said that the planned military drill between the two nations is aimed at strengthening their cooperation. China offered to open talks if The Philippines was willing to ignore the ruling, but Manila said any negotiations had to be based on the decision, which was nearly entirely in its favor.

Money China tells local governments to promote ride-hailing
Author: 0 China tells local governments to promote ride-hailing

Specifically, the new regulations outline requirements for drivers - who must be licensed by local taxi regulators, have no criminal record and have at least three years experience behind the wheel. and we look forward to working with policymakers around the country to put these regulations into practice". Drivers at both services as well as others such as Yidao Yongche, which is majority owned by LeEco the electronics company, have operated in gray areas with police detaining drivers and ...

Money Here's what Twitter was doing during Tim Kaine's DNC speech
Author: 0 Here's what Twitter was doing during Tim Kaine's DNC speech

Kaine was speaking Wednesday to the Democratic National Committee as supporters of Clinton's one-time Democratic rival Bernie Sanders warned that Kaine had yet to forcefully oppose the Trans-Pacific Partnership trade deal. In his biggest speech as Clinton's running mate, he tried to position Trump as the candidate who can't be trusted. Kaine , who has been a civil rights attorney for several years, told Roberts that when Democratic nominee Hillary Clinton asked him to be her running ...

Money Amazon quarterly profit jumps nine-fold to US$857m
Author: 0 Amazon quarterly profit jumps nine-fold to US$857m

The company's cloud computing arm, Amazon Web Services , is largely responsible for Amazon's pivot to profitability in recent years. Analysts on average estimated that Amazon would bring in $29.55 billion in sales. But the pace of growth for AWS has slowed somewhat, to 58 percent year over year vs. 64 percent in the first quarter of 2016. In its earnings release, Amazon CEO Jeff Bezos focused on the company's expansion into India, a market it committed to invest $5 billion last ...

Money Chelsea Clinton Considering
Author: 0 Chelsea Clinton Considering "Daughter Summit" with Longtime Friend Ivanka Trump

And when a woman becomes a mother, she is supported, not shut out", she said . "It would be that question: 'How would your father do that?' ". "During a Facebook Live event hosted by Glamour , Editor in Chief Cindi Leive mentioned Trump's RNC speech praising Republican presidential nominee Donald Trump's dedication to closing the wage gap and providing affordable child care; according to CBS, Leive said to Clinton, "...if you got to ask [Trump] a question about how her father would ...

Money Southern California fire now 65% contained
Author: 0 Southern California fire now 65% contained

They are a small percentage of a firefighting force of about 3,000 from throughout the state helping on this latest deadly and destructive California fire. In Los Angeles County, the lone fatality in the Sand Fire was identified as Robert Bresnick, 67, whose body was found Saturday inside a burned-out auto in a driveway, county officials said.

Author: 0 Sarah Champion returns to shadow minister role after u-turn on resignation

Senior Labour MP Sarah Champion will resume her role on Labour's front bench as Shadow Home Office Minister. "There's always work to be done. We have got to stop them", he said. Meanwhile former shadow cabinent member Seema Malhotra said aides of Shadow Chancellor John McDonnell twice made "unauthorised" entries into her locked Commons' office.

Author: 0 SABMiller suspends integration work for beer merger

Shareholders in SABMiller will now receive £45 a share, up from its earlier offer of £44. The pause comes after SABMiller acknowledged that it had been surprised by what AB InBev said was its "final" offer. Another large SABMiller shareholder, South Africa's Public InvestmentCorp. SABMiller said that its board would consult with shareholders before giving an answer.

Author: 0 Texas Instruments earnings, forecasts beat views on auto demand

It holds an average volume of 5.34 million shares. Analyst expected twelve month price target of $62.02. Technical Perspective The technical analysis of Texas Instruments Incorporated visibly illustrates that the 50-day MA of Texas Instruments Incorporated is $62.70, and stock is trading 8.28 or +13.20% distant from $62.70.

Author: 0 Marissa Mayer Says She's 'Planning To Stay' At Yahoo

The slump has been deepening even though advertisers have been pouring more money into what is now a $160 billion market for digital advertising, according to research firm eMarketer. The sale completes Yahoo's evolution from influential search pioneer and web portal juggernaut to, in the end, a once-dominant brand that lost its way.

Author: 0 Turkey: Erdogan to meet Putin Aug. 9 in Russia

Hinting at a possible concentration of more power in the presidency in the aftermath of the abortive coup, Prime Minister Binali Yildirim said on Monday that political parties have enough common ground to pass limited constitutional changes and aim to eventually draft a whole new charter.

Author: 0 Apple sells more iPhones than expected in third quarter

Apple anticipated $41 billion to $43 billion in global revenue. As Apple's stock continues to plummet the tech company is basing all its future on its upcoming flagship device. Revenue from greater China slumped 33 percent. The iPhone 6s hit stores on September 25, 2015, the iPhone 6 became available on September 19, 2014, and the iPhone 5s debuted on September 20, 2013.

Money Fiat's US unit to change the way it reports vehicle sales
Author: 0 Fiat's US unit to change the way it reports vehicle sales

The company says a probe into warranty data showed an insufficient crimp in a wire harness - if unaddressed this could cause a solenoid fault code and the possible end outcome would include the vehicle stalling. The problem can be resolved temporarily by stopping the auto and restarting the engine. Note that vehicles built after September 23, 2014, are not subject to this recall as the company has since altered the harness manufacturing system that caused the problem .

Money US home prices rise at steady pace as sales heat up
Author: 0 US home prices rise at steady pace as sales heat up

Annually, Chicago's 3.7 percent gain is not as strong as the 5 percent national average tracked by the index. Home prices rose 10.7 percent in Seattle and 9.5 percent in Denver, according to Case-Shiller. "Miami and Tampa have recovered in the last few months while Las Vegas and Phoenix remain weak". Eight cities reported greater price increases in the year ending May 2016 versus the year ending April 2016, according to the index.

Author: 0 1.6 million child-bearing women in Latin America could get Zika

US health officials have concluded that Zika infections in pregnant women can cause microcephaly, a birth defect marked by small head size that can lead to severe developmental problems in babies. The disease, which the U.S. Centers for Disease Control and Prevention says can cause the devastating birth defect microcephaly, has infected almost 100,000 Colombians and caused 21 cases of microcephaly.

Author: 0 BlackBerry unveils second, cheaper, Android device

BlackBerry may eventually stop making hardware altogether, instead focusing on its expertise in security and device management as a software and services company. The handset continues the company's enterprise support with a variety of different apps and also utilizes Android for Work and Google Play for Work .

Money Twitter stock falls 10% on weak sales
Author: 0 Twitter stock falls 10% on weak sales

The company posted a loss of 15 cents per share, which was better than the loss of 17 cents per share expected. On an adjusted basis, earnings for the quarter were $92.9 million or $0.13 per share, up from $48.5 million or $0.07 per share previous year.

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