Money

FAA Rules to Clear Way for Routine Commercial Drone Flights

The FAA has permitted commercial drone operations - those conducted for hire, as opposed to recreational flights by hobbyists who don't need a license - since September 2014 under a case-by-caseexemption process ordered by Congress. Up until now, the FAA has issued special exemptions to people wanting to operate drones commercially-called Section 333 exemptions-and has issued a few thousand since setting up the system in 2012.

Tennessee AG: Consumers to get credits, checks for e-books

The windfall for customers follows the end to the e-book price fixing ruling, "one of the most contentious legal dramas in modern publishing history", after the Supreme Court in America refused to take up Apple's appeal in March this year.

Iranian Carrier To Buy Boeing Planes

Boeing said Tuesday that the USA government had authorized its negotiations with Iran, and that it would continue to follow the government's lead. Boeing must additionally take into account a political backlash in the US, given Iranian leaders' penchant for anti-American rhetoric.

Ex-Conservative Party chair switches sides on EU referendum

However Mr Farage defended the use of the poster, denying that he had been trying to stir up hatred. "A poster on the streets of Britain that demonised hundreds of desperate refugees including hungry, terrified children fleeing from the terror of Isis and from Russian bombs".

Former Volkswagen CEO investigated over emissions scandal

The investigation is being opened on the orders of Germany's Federal Financial Supervisory Authority. "There is sufficient evidence that the duty of making a statement about the significant financial losses the company could expect may have existed at an earlier point", prosecutors said, according to Bloomberg .

QuickTake Q&A: Microsoft and LinkedIn Want More of Your Workday

Microsoft will pay $196 per LinkedIn share - a 50 per cent premium to LinkedIn's closing price on June 10. Jeff Weiner will remain chief executive of LinkedIn , reporting to Microsoft CEO Satya Nadella. "I have always had a great admiration for LinkedIn ", Nadella said in a video on Microsoft's website. Microsoft will finance the transaction primarily through the issuance of new indebtedness.

Leaving rates alone, Fed sees ultra-slow pace of hikes ahead

The possible " Brexit " is a "decision that could have consequences for economic and financial conditions in global financial markets ", Yellen said. It noted that the housing market is improving and that the consequences of an export slowdown have lessened. Strategists said that while the Fed decision to leave rates unchanged was widely expected by investors, its statement was surprisingly cautious.

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

Andrew M. Cuomo, who joined the Legislature on several other measures Friday. It was introduced after New York Attorney General Eric Schneiderman said a year ago that the games amounted to illegal gambling. Cuomo, a Democrat, hasn't signaled whether he supports the legislation, which was subject to lengthy negotiations and intense lobbying in the days and weeks leading up to the vote.

DiCaprio Ordered to Testify in 'Wolf of Wall Street' Lawsuit

Byrne played the role of a morally and ethically challenged character named Nicky "Rugrat" Koskoff , who wore a toupee in the film and was the subject of The Wolf of Wall Street movie line, "Swear to God, I want to choke him to death". DiCaprio played the lead character Jordan Belfort . If you're having trouble remembering the Rugrat character, here's a clip from The Wolf of Wall Street where he saves a woman's head so that she can afford a boob job.

Orlando nightclub gunman visited gay chat rooms, officials say

Ron Johnson sent to Facebook creator Mark Zuckerberg asking for any data he can provide on the shooter. Just a few weeks before the incident that left 50 dead, including Mateen, and another 53 wounded, Mateen was stopped from buying body armor and bulk ammunition, ABC News reported .

Shooter's wife may've known of his plans, could be charged

Law enforcement officials have confirmed that Omar Mateen texted with his wife and posted on Facebook in the midst of his rampage that left 49 innocent people dead at an Orlando nightclub on Sunday. Mateen opened fire inside Pulse on Sunday, killing 49 people and injuring dozens more. The official says investigators had been told that Mateen and his wife had been at the Pulse nightclub on a prior occasion and were trying to confirm the accuracy of that statement.

EU OKs bailoput funds for Greece

While Greece's debt is rated "junk" by credit agencies, the European Central Bank is very likely to waive its investment-grade credit rating requirement at its June 22 Governing Council meeting, provided that the next 7.5-billion-euro tranche of bailout funds is disbursed on schedule early next week, the sources, who asked not to be named, said on Thursday.

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. The governor said current board members "are good, accomplished people" and he wouldn't be disappointed if some of them are nominated for the new board by the CPE.

US housing starts dip, permits maintain gains

From 1970 through the end of 2000, a span that includes five recessions, starts averaged more than 1.5 million a year. This is 0.7 percent above the revised April rate of 1,130,000, but is 10.1 percent below the May 2015 estimate of 1,266,000.

Rockland To Hold Vigil In Memory Of Orlando Shooting Victims

Victoria's Gender and Sexuality Commissioner Rowena Allen is hosting the vigil from 5pm on Thursday in honour of the victims of the attack, which killed 50 people and wounded 53. "Messages of equality and kindness can help kind of erase any ignorance anybody might have towards [the LGBT community]", Rivera said. We stand in solidarity with our LGBTI brothers and sisters in Orlando and beyond.

Bible study urges focus on God as shooting anniversary nears

Democrats on Capitol Hill also plan to make gun violence a campaign issue, casting Republicans as enemies of public safety and beholden to the National Rifle Association. "I will never say I know what you're going through", said Mark Barden who lost his 7-year-old son in the CT school shooting. The enemy was back in action over the weekend in Orlando.

Ex-Israeli defence minister announces challenge to become PM

Aid for the missile defense program is separate from the $3.1 billion in annual military aid given to Israel by the US. The current MOU, signed in 2007 and due to expire in 2018, gave Israel around $30 billion in so-called foreign military financing.

United States oil falls to 3-wk low on inventory gains, Brexit fears

The agency said in its monthly report that demand growth in 2017 is likely to reach 1.3 million barrels per day (bpd), the same level at which it estimates growth for this year, having revised up its May 2016 forecast of 1.2 million bpd. Energy Information Administration. As a result, OPEC's total crude output fell to 32.71 million barrels a day last month - from 32.83 million in April - thus helping drive a rally in oil prices since they touched a 12-year low in January.

Cleveland Stays Alive In NBA Finals Against Depleted Golden State

The series is heading back to Cleveland because Irving (along with running mate LeBron James) were too much for the Golden State Warriors to handle. With the loss of both Green and Andrew Bogut, the Warriors couldn't stop the hot as hell shooting nor the constant driving to the hoop of Kyrie Irving and LeBron James .

Cherokee Nation gets $1M grant to target vulnerable children

Oklahoma saw a 1.7 percent increase in the number of children enrolled in either Medicaid or the Children's Health Insurance Program, going from 698,690 in fiscal year 2014 to 710,552 in FY 2015. Therefore, just as the people living in the urban areas benefited from tax credits and the Health Insurance Marketplace to maintain affordable health care coverage, residents from rural counties will now receive health coverage gains thanks to the Affordable Care Act.

Treasury yields tumble to lowest level since November 2012 after Fed decision

Global benchmark U.S. 10-year bond yields fell 4 points to 1.57 per cent after the Fed meeting this morning, dragging Aussie bonds lower too as investors scrambled for safe-haven assets that offer a reasonable yield. Fed funds futures rates show investors now see just a 10 percent chance the Fed will raise rates at its July meeting and a less-than-50-percent chance of an increase by the end of the year, according to CME Group's FedWatch tool .

Britain's pro-EU side nervous as odds slashed on 'leave'

The Fed had been expected to raise interest rates, but following some weak economic data, including the most recent monthly jobs report, it now appears likely to wait. Bank shares in Europe fell for seven consecutive sessions through Tuesday, shedding over 10%, with Italy's troubled lenders facing increasing pressure.

Unemployment falls to lowest rate in more than ten years

British unemployment just fell once again, dropping to a low not seen in more than ten years. The unemployment figure exceeded expectations of 5.1%, the prior five releases were reported at 5.1%. A record 31.6m people were in work for the three-month period, thanks to an increase of 55,000 from the preceding three months, with 23.1m of them working full-time.

Sir Philip Green to appear before MPs over handling of BHS

The retail tycoon said he took ultimate responsibility, under questions in what proved to be a combative session lasting nearly six hours with the joint Business and Work & Pensions committees. When asked why chose to base his business in tax haven Moncaco, Sir Philip said he moved there in 1998 due to a heart scare. Sir Philip replies: "If it was easy everybody would be doing it".

New evidence of rising 'Obamacare' premiums

Final 2017 premium rates will be announced right before the November election. As in previous years, it shows how differently the health-care law is playing out across the country depending on regions and insurers. The Kaiser analysis examined the impact before subsidies are calculated, however, and found the changes in the second least-expensive plan were nearly identical - with the same three metro areas having similar projected increases and just Providence and Indianapolis showing ...

"Warcraft" tops Chinese box office

Well, not only does it make Warcraft the largest foreign film debut in China's history, that's more than Star Wars: The Force Awakens and Batman v Superman did in their entire box office runs in China (which were $125.4 million and $95.8 million respectively).

US, Global Stock Markets Weak Ahead of Fed Meeting

The Standard & Poor's 500 index lost nine points, or 0.2 percent, to 2,072 and the Nasdaq composite fell nine points, or 0.2 percent, to 4,839. The US Federal Reserve will conclude a two-day meeting tomorrow and while it is not expected to hike interest rates for several months, investors hope it will give some guidance on monetary policy.

Lawmakers Demand Extension To Register For Referendum Vote

About 132,000 of the 525,000 people who did successfully register on Tuesday were aged under 25, compared with about 13,000 from the 65-74 age group. "We think it is right to extend to midnight tomorrow to allow people who have not yet registered time to get the message that registration is still open and get themselves registered", Cabinet Office Minister Matt Hancock said.

Asian shares slip as Fed, Brexit loom

The broader All Ordinaries index closed down 109.10 points or 2.02 percent to finish at 5,282.50. Against the yen, which tends to increase sometimes when danger hunger falls, partially due to the fact that of Japan's net lender status, the pound fell 0.8 percent to 150.34 yen, having actually fallen to as low as 149.50 yen on Monday.

Microsoft to buy networking site LinkedIn for $26.2 billion

The Standard & Poor's 500 index fell 17.01 points, or 0.8 percent, to 2,079.06 and the Nasdaq composite fell 46.11 points, or 0.9 percent, to 4,848.44. In the long term, Microsoft would aim to use LinkedIn to build engagement with Office 365, opening the door for more diverse forms of monetisation via subscription services and targeted advertising.