Finance

Mr. Stumpf was originally expected to retire two years later at the age of 65, but pressure from the shareholders led to the early resignation. "Jeffrey Sonnenfeld , an authority on corporate governance at Yale, said Stumpf proved to be a 'deer caught in the headlights with a tin ear in understanding, addressing, and communicating the problem, '" write Matt Egan, Jackie Wattles and Cristina Alesci for CNN Money .
  • Warren Buffett responds to Donald Trump's tax comments

    Finance

    Last year, Buffett paid about 16 percent of his reported income in federal income taxes. He said , "I have no problem in releasing my tax information while under audit". Three pages of Trump's income tax returns from 1995 obtained by The New York Times show that he claimed $916 million in losses. Meanwhile, Clinton has released her 2015 tax return , showing that she and her husband and former President Bill Clinton paid a 34 per cent rate of federal tax and a 9 per cent rate of state ...
  • Wall Street dragged down by healthcare stocks

    Wall Street dragged down by healthcare stocks

    Finance

    Shares of the 128-year-old aluminum maker led the slide, plunging more than 11 percent, while companies reporting or warning of disappointing results from Illumina Inc .to Seagate Technologies and Fastenal Co. Overall earnings of S&P 500 companies are expected to fall by 0.7 percent in the third quarter, according to Thomson Reuters data. Amazon lost 1.3 percent following a report that the online retailer plans grocery shops that would let people quickly pick up milk, vegetables or other ...
  • Ford Mustang Decline Leads To Production Halt

    Ford Mustang Decline Leads To Production Halt

    Finance

    The second-largest US automaker houses 3,702 employees. The workers at the plant will still be getting paid even though the plant was shut down for a week. The most comprehensive of the V8's power kits consists of upgraded air filters, cold air intake, throttle body and an intake adapter from the Shelby Mustang GT350, and costs $2,395 - about £1946.
  • President Obama Calls Donald Trump's Tape 'Repugnant'

    President Obama Calls Donald Trump's Tape 'Repugnant'

    Finance

    According to White House Press Secretary Josh Earnest, President Obama is actively considering retaliatory moves against Russia in response to putative hacking attacks that the Obama Administration has blamed on the Russian government. No Republican officials in IN have publicly retracted their support for Trump. "But based on the president's deep concern about the rhetoric of the Republican nominee, I feel confident in telling you that he would not be comfortable with describing the nominee ...
  • 'I got it wrong': Baird on greyhounds backflip

    'I got it wrong': Baird on greyhounds backflip

    Finance

    Police on Monday charged Chad Achurch, a 27-year old Cabramatta-based registered trainer and owner, with two counts each of torture/beat and cause the death of an animal; commit an act of aggravated cruelty upon an animal; and use animal for training greyhounds/coursing dog.
  • Trump supporters won't characterize comments as sexual assault

    Finance

    Where you have wars and terrible, disgusting sights all over. Let's be clear: "sexual assault" is absolutely the right word to describe what Trump says on those tapes. And they look and they see. Can you imagine the people that are frankly doing so well against us with Isis? And they look at our country and they see what's going on.
  • China's top central banker cautions against hot property prices

    China's top central banker cautions against hot property prices

    Finance

    That's the lowest since April 2011 and below the median estimate of $3.18 trillion in a Bloomberg survey of economists. Declines in the world's biggest currency stockpile have slowed this year after falling from a record $4 trillion in June 2014 amid speculation the yuan would continue to depreciate and the Federal Reserve would raise borrowing costs.
  • Paisley Park given 3-day temporary permit amid zoning snag

    Finance

    The room is filled with his keyboards and guitars, and his iconic symbol graces the control panel. The museum also houses a cafeteria; its menu is said to include vegetarian items such as kale, beets and quinoa. The new museum will try to accommodate guests holding tickets for other October dates on those three dates; ticket holders will receive emails. The tour comes ahead of the Minnesota estate opening to the public as a museum and numerous rooms have been preserved as Prince left ...
  • Upgrades And Downgrades For American Airlines Group, Inc. (NASDAQ:AAL)

    Upgrades And Downgrades For American Airlines Group, Inc. (NASDAQ:AAL)

    Finance

    A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. (NASDAQ:AAL) has a large market cap size. (NASDAQ:AAL) was upgraded by Vetr from a "buy" rating to a "strong-buy" rating in a research report issued on Tuesday. Bank of America Corp. downgraded shares of American Airlines Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 16th.
  • RBI Monetary Policy Panel Cuts Key Repo Rate by 25 Basis Points

    RBI Monetary Policy Panel Cuts Key Repo Rate by 25 Basis Points

    Finance

    Investors are keen to hear Patel's views as he has made no public appearances since becoming governor on September 4, following three years as a deputy to his predecessor, Raghuram Rajan. Previously the governor would decide whether to cut rates. "This (rate cut) will not result in a significant rise in the demand for credit from the corporate sector immediately, but can drive down the cost of borrowings for banks and give them some incentive to drop lending rates, thereby giving existing ...
  • Petrol hiked 14 paise/litre, diesel by 10 paise

    Petrol hiked 14 paise/litre, diesel by 10 paise

    Finance

    Government-owned oil companies like Hindustan Petroleum Corporation Ltd. (HPCL), Oil and Natural Gas Corporation (ONGC), and Indian Oil Corporation (IOC) take a call on the price revision every fortnight, on the 16th and 1st of every month.
  • IMF lowers Canadian economic growth outlook; US recovery misses expectations

    IMF lowers Canadian economic growth outlook; US recovery misses expectations

    Finance

    The IMF downplayed the slight downgrade to the Australia outlook , explaining in the commentary that accompanied its forecast that growth was "hovering" around 2.8 per cent. Japan was a surprise bright spot, however, with forecasts revised upward. The IMF forecast a 6.6 per cent expansion this year and 6.2 per cent next year.
  • Polls: Clinton leading in Colorado, Virginia

    Polls: Clinton leading in Colorado, Virginia

    Finance

    The notice informed the charity that it had engaged in fundraising activities that were not permitted under the law because it had not been registered with state authorities. A flood of Clinton surrogates has spent time in OH during the candidate's September absence. "You'll see it when I release", he said. When Hillary Clinton arrives in OH on Monday, it will be her first appearance in the Midwestern battleground in a month.
  • Unscripted Donald Trump overshadows his own economic message

    Unscripted Donald Trump overshadows his own economic message

    Finance

    Clinton's 34-point lead is on par with her husband and former President Bill Clinton, who won the debate over Republican rival Bob Dole in 1996, Xinhua reported. Early Sunday morning, the average was 47.5 percent for Clinton and 44.4 percent for Trump . " Hillary Clinton's debate performance has improved her position in Virginia slightly", said Dr.
  • Terrorists attack Army, BSF camps in Baramulla, one jawan martyred

    Finance

    Mir said the gunmen were not successful in breaching the perimeter of the camp, located inside the town. Last month, terrorists attacked the Indian army base in Uri, Kashmir , killing 19 soldiers. That proved to be the turning point for India, in not only reclaiming Baramulla from the marauders but also turning the world's opinion against Pakistan.
  • Illinois to yank billions from Wells Fargo amid scandal

    Illinois to yank billions from Wells Fargo amid scandal

    Finance

    Regulators said bank employees, racing to meet aggressive sales goals, opened 2 million accounts that may not have been authorized by customers. The state will also all other business it does with Wells Fargo, Frerichs said. When pushed about whether the bank would waive its mandatory arbitration rules so customers could sue the bank, he said "no". The CFPB's latest proposal, released in May, could take effect next year.
  • Asian stocks mostly higher, China and Korea markets closed

    Finance

    The Standard & Poor's 500 index rebounded 17.14 points, or 0.8 percent, to 2,168.27. Relief swept over global equity markets on Friday as Agence France-Presse reported that Deutsche Bank was nearing a US$5.4 billion settlement with the US Department of Justice, less than half an initial request, that stemmed from a probe tied to residential mortgage-backed securities.