Money

Wells Fargo cutting sales goals in wake of $185 million fine

The bank's latest proxy filing shows that the 27-year Wells Fargo veteran owns in one way, shape, or form more than 2.5 million shares of stock. Wells Fargo board members include such notables as former US secretary of labor Elaine L.

Horizon Pharma to pay $800M for rare disease drug developer

Horizon intends to finance the Raptor transaction through $675 million of external debt along with cash on hand and expects the deal to close in the fourth quarter. The deal may undervalue the Company resulting in a loss for many long term shareholders. Horizon Pharma plc , formerly Vidara Therapeutics International Public Limited Company, is a biopharmaceutical company.

Ceremony Marks 15 Years Since Sept. 11

Patrick's Cathedral for city firefighers. "It now joins the long list of New York City tourist attractions and, for better or worse, it is one", he said . He was due to attend the Dallas Cowboys home opener against the New York Giants, where he will take part in the ceremonial coin toss with two New York police officers who were at Ground Zero on 9/11.

Wal-Mart Stores Inc. (WMT) Lifted to Outperform at Cowen and Company

The stock's price switched up -3.01% 20-Days Simple Moving Average, dropped -3.41% from 50-Days Simple Moving Average and positively 4.84% from 200 Days Simple Moving Average. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . The shares were sold at an average price of $71.60, for a total transaction of $34,236,112.80.

Nicola Sturgeon tells of sorrow over miscarriage

Despite Sturgeon's insistence that the Brexit vote had shifted Scottish opinion, a YouGov poll for the Times Scotland on Friday suggested the figure in favour of independence had barely shifted over the past two years, despite the June referendum.

US, Russia agree on Syria truce

Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov announced an agreement on a Syria plan between the USA and Russia late on Friday, which they said the Syrian government of Bashar al-Assad had agreed to. This is not mark the first time Moscow and Washington have brokered a Syria peace deal-there was the truce agreed in February and endorsed by the United Nations Security Council, but this has been repeatedly violated.

Talgo completes final run in less than 12 hours

Indian Railways had planned to reduce Mumbai-Delhi travel time to 12 hours from existing around 16 hours. Spanish-made Talgo train is expected to start at 2.45 pm from New Delhi and scheduled to reach at Mumbai at 2.29 am Sunday, said a senior Railway Ministry official.

Banks pull the plug on South Korea's Hanjin Shipping

The Yonhap news agency says that the South Korean government will prod Hyundai Merchant Marine Co. into acquiring some of Hanjin Shipping's assets, a move that Yonhap says as seen as a prelude to a de-facto merger of the two. 1 shipper. Korean Air loaned funds to Hanjin Shipping and bought shares in the container line in 2014 to become the biggest shareholder with 33 percent.

Fed Worries Peak to Pull Stocks into Worst Selloff Since Brexit

Wall Street sold off after Boston Fed President Eric Rosengren said he favours gradual interest rate hikes and that waiting too long to normalize monetary policy could create new risks for the economy. The price of USA crude is at the time of writing 2.35% lower to stand at US$46.53 a barrel. Brent crude, used to price global oils, slid $1.98, or 4 percent, to close at $48.01 a barrel.

Tim Cook calls the giant Apple tax bill 'total political crap'

In its ruling, the EC stated that Apple paid only a 0.005 percent tax on its European profits, but Cook affirmed that Apple is "subject to the statutory rate in Ireland of 12.5 percent", and that the company "paid $400m in taxes in 2014".

Pope declares Mother Teresa a saint and model of mercy

Monday marks 19 years since the death of Mother Teresa. They gathered around Mother's tomb which was decorated with flowers, a single candle and a photo of the tiny wrinkled saint. Francis, who has declared 2016 as a Jubilee Year of Mercy , said he shared Mother Teresa's ideal of a church as a kind of "field hospital" for the souls of the world's poorest and most desperate.

Hanjin wins interim protection in US

Hanjin Group has chose to arrange 100 billion won (US$90 million) on its own, including 40 billion won (US$35.5 million) from its Chairman Cho Yang-ho's private property, so as to resolve logistics disruptions caused by Hanjin Shipping's court receivership.

Oil minister: Iran backs OPEC moves geared toward stability

Vladimir Putin, Russian president, on Monday said Iran should be given leeway given its lost exports under sanctions. New brand of Iranian oil will enter world markets by end of this year on March 20, Director of the International Affairs Department of National Iranian Oil Company Mohsen Ghamsari said.

Native American Commission supports Standing Rock in pipeline dispute

Activists are emboldened by their success in stopping the Keystone XL Pipeline and the Sandpiper Pipeline in Minnesota. But for all the objections raised by the Standing Rock Sioux Tribe , the account provided by the Army Corps of Engineers paints a starkly different picture.

Labor Day weekend to include sunshine, chance of rain

Wednesday night .Partly cloudy with a 20 percent chance of showers and thunderstorms. This system has a 10%(low) chance for formation during the next 48 hours and a 20%(low) chance during the next 5 days. Thursday's forecast calls for mostly sunny skies with a high of 85. High in the upper 80s. The overnight low is expected to be near 57. Today: Sunny skies, with highs around 80°F/Overnight, look for clear skies.

Serena Williams creates history at US Open

Juan Martin del Potro's comeback is rolling along at the U.S. Open. The final score was 6-2, 6-1. He ended the match with both arms raised to a standing ovation. It might have seemed like Halep would pose a possible bump in the road, but she struggled to beat the 31st-ranked Timea Babos in three sets Saturday.

Yellen Hints at Possible Rate Hike

In sum, Yellen opened the door for a September rate hike with the same hedges she's used in the past. Expectations were fuelled by comments from several senior members of the US Fed till Friday's annual event. In her speech kicking off the Fed's summer retreat, Yellen said that the case for a rate hike "has strengthened in recent months". Figures published yesterday showed the USA economy grew at an annual rate of 1.1 per cent in the second quarter of the year.

Trudeau takes lighter approach to connect with China

CBC News reports that Saint-Jacques said, "In terms of personal freedom of course the advent of the internet has meant that now there are a lot more fora [forums] to allow people to express their views". Trump, the US presidential candidate who is widely despised across Mexico, also sidestepped his repeated criticism of Mexican immigrants following a closed-door meeting at the official residence of the country's president, Enrique Pena Nieto.

Apple Ordered To Pay 13bn Euros In EU Tax Crackdown

The investigation found that Apple's effective tax rate on profit reported in Ireland was just €500 per million euros in profit, falling to €50 per million in 2014. The Treasury's statement said the ruling "could threaten to undermine foreign investment, the business climate in Europe and the important spirit of economic partnership between the USA and the European Union ".

Auto bomb kills 5 soldiers in Mogadishu, al Shabaab says behind attack

Somali Minister of Information Mohamed Abdi Hayir confirmed the attack, saying that it occurred when security officials were meeting in a hotel close to the Presidential Palace. "The death toll may rise". Al-Shabaab, an Islamist-militant group that's been waging an insurgency in the country since 2006, plans to disrupt the vote, according to the African Union Mission in Somalia.

Trump immigration waffle reflects voter confusion on issue

He still wants to build a wall along the USA southern border with Mexico but he has emphasized in recent days a need to deal most urgently with illegal immigrants who commit crimes and also those who might be displacing African-American and Hispanic workers.

Youth dies after fresh protests erupt in Kashmir

The mainstream politicians, according to informed sources, pressed the central government for a dialogue involving all stakeholders, including separatist leaders. "Certainly common man in the streets of Srinagar does not approve of violence". Nine policemen, including a superintendent of police, a deputy superintendent and a station house officer, were injured in the attack.

Tesla's Musk buying over half of SolarCity bond offer

CEO Lyndon Rive and his brother, Chief Technology Officer Peter Rive , have asked to have their annual salaries reduced to $1 from $275,000 as part of the cost-cutting plans. The solar installer said in a filing on Tuesday that its chairman and Tesla chief executive Elon Musk have assented to purchase more than 50% of its latest offering of bonds, reports MarketWatch.

Pfizer on buying spree with AstraZeneca antibiotics deal

AstraZeneca will be eligible for up to $250 million in milestone payments, as much as $600 million in sales-related payments and tiered royalties on sales of its Zavicefta (ceftazidime-avibactam). The deal with Pfizer forms part of Astra's "externalization" strategy: offloading drugs that don't fall into its core therapy areas of cardiovascular and metabolic disease, oncology, and respiratory, inflammation and autoimmunity.

Stocks fall in early trading as oil prices decline

Wall Street looked set for modest gains, with futures for the Dow Jones industrial average and Standard & Poor's 500 index up just under 0.1 percent. Yellen's second-in-command, Fed Vice-Chair Stanley Fischer, said Sunday that inflation and the labor market were close to hitting the central bank's targets, implying that it could raise rates at the next meeting of the Federal Open Market Committee (FOMC) from September 20 to 21.

Sponsors Are Dropping Ryan Lochte Left And Right

In his only interview about the scandal so far, Lochte told NBC's Matt Lauer he took "full responsibility" for "over-exaggerating" his claims that the taxi he shared with his teammates, Gunnar Bentz, Jack Conger, and James Feigen, was pulled over by men posing as police officers while headed to the Olympic Village.

'Harry Potter': New Hogwarts Books Coming From JK Rowling

Rowling is releasing more back stories about the beloved school that Harry attended, with three e-books about the school and its denizens set to be released this September in the newest example of Ms. " Pottermore Presents is meant to supplement the Harry Potter book series with short-form content that is entertaining and thematically curated by the Pottermore editorial team".

Trump calls on GOP to improve African American outreach

Republican presidential nominee Donald Trump speaks on stage during a campaign rally in Fredericksburg, Virginia, U.S., August 20, 2016. It means reforming regulations so young Americans can get the credit they need to start a small business.

Trump Campaign Manager Conway: Immigrant Deportation Force 'To Be Determined'

In an interview with CNN's State of the Union , Conway asserted Trump's comments at a meeting with Hispanic supporters in NY on Saturday " differed very little from what he's said publicly... During a Sunday interview on CNN , Conway said she didn't understand why Trump's tax returns have become such a big issue. Appearing later on ABC , Hillary Clinton's campaign manager, Robby Mook, says it's time to agree to the schedule and "get on with it".

Wall Street Flat As Investors Pause After Record-Setting Day

KEEPING SCORE: The Dow Jones industrial average fell 13 points, or 0.1 percent, to 18,599 as of 10:15 a.m. The S&P 500 , an index of 500 blue chip U.S. Valeant VRX.N fell almost 9 percent in heavy trading after the Wall Street Journal reported that USA federal prosecutors had opened a criminal investigation on the drugmaker.