Economy

Tata Motors and Tata Power were down almost three per cent each, while Tata Steel was almost two per cent lower in early trade on the Bombay Stock Exchange after details of the email to the holding company's board emerged. Mr. Tata reiterated that he had assumed the role of the Interim Chairman for stability and continuity so that there is no vacuum. In clear signs that not all was well between him and Tata, he highlighted his predecessor's loss-making Nano auto project that consistently lost ...
  • Iowa's employment rate stays at 4.2 percent

    Economy

    Local employers added 13,500 nonfarm jobs in September. North Carolina's Labor Market Has Tightened Up With its unemployment rate below 5 percent for the past four months, North Carolina's labor market has now returned to the zone of full employment.
  • British American Tobacco seeks to buy Reynolds American

    Economy

    British American Tobacco, the maker of Dunhill cigarettes, has made a $47bn (£38bn) move to buy the remainder of its U.S. peer Reynolds. According to BAT, the combined company would be the world's largest tobacco and Next Generation Products business by net turnover and operating profit.
  • India to launch regional flight scheme next year

    India to launch regional flight scheme next year

    Economy

    The scheme is a key component of the recently approved National Civil Aviation Policy (NCAP), whose main objective is to "enhance regional connectivity through fiscal support and infrastructure development". In a bid to make flying more affordable, the new civil aviation policy (NCAP) cleared by the Union cabinet on 15 June includes a complex scheme that seeks to connect now unlinked towns.
  • Donald Trump's manager admits he needs 'comeback' to win US election

    Donald Trump's manager admits he needs 'comeback' to win US election

    Economy

    Ms Conway said she does not understand why Mrs Clinton has not been able to "put him away" given her experience and her campaign's "endless amounts of money". Trump said on Twitter . A sure sign that a campaign is heading for defeat is when high-level staff break with the candidate and begin to go into business for themselves.
  • California attorney general investigating Wells Fargo bank

    California attorney general investigating Wells Fargo bank

    Economy

    Stumpf's fall from grace started with a $185 million regulatory settlement among the bank, regulatory authorities and a Los Angeles prosecutor over its staff opening as many as 2 million accounts without customers' knowledge. "It's time for a healthy division", said Sherman, who serves on the House Financial Services Committee. "We have already provided full refunds to customers we identified as having accounts that could have been unauthorized", Wells Fargo said in a statement.
  • Apple to announce new Macs on Oct 27th, Recode confirms

    Economy

    We need new MacBook Pros, and it looks like the announcement and release date are just weeks away. Furthermore, reliable Apple analyst Ming-Chi Kuo expects Apple to incorporate a touch-sensitive OLED display in place of the functional keys in its next computer devices.
  • Ford cutting production as US demand slows

    Ford cutting production as US demand slows

    Economy

    There would also be closures at two plants in Mexico - Hermosillo which makes the Fusion and Lincoln MKZ sedans and Cuautitlan, home to North American versions of the Fiesta. The U.S. workers with more than one year of experience will get about 80 percent of their normal paycheck during the shutdowns, combining state unemployment benefits and Ford supplemental pay, Ford said.
  • Social Security recipients to get tiny increase in benefits

    Social Security recipients to get tiny increase in benefits

    Economy

    Sanders has proposed legislation to boost yearly cost-of-living adjustments by making the consumer price index better reflect rising costs for health care and prescription medicine. Some retirees who depend on Social Security payments are hurting because of health care costs. Before that, a surging economy had pushed payments up - including a 5.8 percent increase in 2008.
  • Oil prices rise as USA crude stockpiles fall

    Economy

    Still, inventories are near record highs and even the prospect of a modest cut in production from the world's largest exporters might not be enough to fuel a more sustained rally, analysts said. Despite doubts about the particulars of the deal and skepticism about whether the cartel will be able to follow through, oil has rallied to its highest prices since June.
  • Jonny Bairstow passes fitness test for England's one-day clash with Bangladesh

    Economy

    The penalties comes after the three players were involved in an on field incident that unfurled soon after Buttler had been dismissed during England's chase of 239 in the second One-Day International. "Maybe it's something in hindsight I was disappointed with the reaction ... maybe I should have taken it up (in) a different way". "I was focusing on the review that I took, and then I got excited by the decision", he said.
  • Wells Fargo will try to win back work with Ohio

    Economy

    In a statement Friday, Sloan said he is "deeply committed" to restoring trust in the company. Wells Fargo said its third-quarter revenue edged up 2 percent to $22.3 billion from $21.9 billion a year earlier. CNBC's Tyler Mathisen asked Wells Fargo CFO John Shrewsberry on Friday afternoon's " Closing Bell ". "It's going to take a while", Sloan said. Jamie Dimon, chairman and chief executive of JP Morgan, said that his bank's results...
  • Disgraced Wells Fargo CEO John Stumpf set for $134M exit

    Disgraced Wells Fargo CEO John Stumpf set for $134M exit

    Economy

    On Tuesday, the Wall Street Journal reported that Wells Fargo executives warned that while the effects of the scandal would be measurable in its retail banking arm, the financial fallout has so far been minimal. Wells Fargo is expected to say how much money it has set aside for legal costs it can reasonably predict when management discusses results on Friday.
  • Trump, Escalating Rhetoric, Says Clinton "Has to Go to Jail"

    Economy

    As a result, he will likely focus on firing up his core base of supporters during the third and final presidential debate on October 19, the same people who voted for him during the Republican primary campaign. His name did not appear on the New York Times list. Although Trump maintains a narrow lead among women, it's notable that different groups of women respond differently to him.
  • Gold lower, clinging to weekly gain ahead of consumer data, Yellen speech

    Economy

    This was largely attributed to a robust report on USA manufacturing data. Spot gold had fallen 0.1 percent to $1,253.20 an ounce by 0052 GMT. The Nasdaq composite sank 0.5 percent 5,213.33. With these positive news stories lingering in the market, the greenback hit an intraday high of 97.96 today on the US Dollar Index, merely a few points lower from Thursday's seven-month peak of 98.12.
  • Dakota Access work resumes in North Dakota

    Dakota Access work resumes in North Dakota

    Economy

    Tuesday's action, supported by the Vermont-based Climate Disobedience Action Fund , was held to draw attention to climate change and to support opponents of the proposed Dakota Access Pipeline , which critics say could rupture and sour drinking water for the Standing Rock Sioux Tribe in North Dakota.
  • Sprint Is Offering To Replace Samsung Note 7 With Any Phone

    Economy

    Authorities carried out evacuation in a timely manner, thereby preventing casualties. The Electronic company has been dealing with massive a public relations mess since last month, when Samsung recalled Galaxy Note 7 devices worldwide after a battery flaw caused dozens of the phones to explode or burst into flames.
  • Warren Buffett Responds to Donald Trump's Tax Comments

    Warren Buffett Responds to Donald Trump's Tax Comments

    Economy

    In the Gallup poll, two-thirds of all respondents said corporations are not paying their fair share of taxes. While Berkshire has been a sophisticated user of the tax code to limit its liabilities, Buffett has been outspoken for years about how the wealthiest people in the US don't pay enough income tax.
  • U.S. stocks tumble on weak Alcoa earnings, lower oil

    U.S. stocks tumble on weak Alcoa earnings, lower oil

    Economy

    Markets have proven imperfect in assessing past election outcomes, with the S&P 500 plunging between 2 percent and 5 percent on the days after victories by Barack Obama, a president who has presided over the second-longest bull market in us history.
  • Obama Found Donald Trump's Sexual Assault Boasts 'Repugnant'

    Obama Found Donald Trump's Sexual Assault Boasts 'Repugnant'

    Economy

    The press secretary said Obama agrees with Vice President Joe Biden's assessment that Trump's comments constitute sexual assault. "That is why it was not particularly surprising that the base of the Republican Party now has nominated somebody whose notoriety is derived primarily from his colourful opposition to President Obama and is promoting a variety of positions that are not particularly conservative", Earnest said.
  • Turnaround in Australian greyhound ban

    Turnaround in Australian greyhound ban

    Economy

    The back-down has been criticised by animal welfare groups but welcomed by industry figures. He said Mr Baird, who has also copped a lashing from Jones on Sydney's lock out laws and council amalgamations , would receive "full marks" from him if he reversed the ban.