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Wall Street lower as tech, energy stocks drag

In Europe, the Stoxx 600 Index finished the session with a drop of 0.5%. All of the 11 major S&P 500 indexes were higher, led by a 1.76 per cent rise in the energy sector. Opinion:Is this "bone-chilling" indicator really saying "sell" stocks? Crude oil prices had hit a one-year high on Monday on news that Russian Federation would support the Organization of the Petroleum Exporting Countries' attempt to cut its collective output.

Business

Bailey Gwynne school death review to publish findings

The row was said to have "escalated" over a biscuit and his killer, who can not be named for legal reasons, was sentenced to nine years in prison after being found guilty of culpable homicide. He recommended that pupil forums and pupil councils be encouraged to develop safe ways to enable pupils to report weapons being carried on school premises.

Business

Vetr Inc. Downgrades Chevron Corp. (CVX) to Buy

Finally, Barclays PLC reiterated an "equal weight" rating and issued a $125.00 target price on shares of Chevron Corp.in a research note on Thursday, July 28th. Company latest quarter ended on 30 Jun 2016. 11 analysts have suggested the company is a "Hold". Shareholders of record on Friday, August 19th were paid a $1.07 dividend.

Business

Top Trump surrogate doesn't consider grabbing a woman's vagina sexual assault

But it doesn't take a lawyer to understand Trump's remarks described sexual assault. "I don't know", Sessions stated. "I think that's a stretch ", Sessions insisted to the conservative magazine. Because much of how colleges now handle sexual assault has been defined by departmental guidance, not through rule making, some advocates worry what a Trump presidency could mean for the future of Title IX.

Business

US stocks rebound as consumer companies and banks rise

That's why those hedge funds in the news yesterday did what they did. In economic news, personal spending remained flat in August, while income rose 0.2 percent. "In banking, perception is everything, and in times of stress investors tend to shoot first and ask questions later and when confidence starts to leak away the ensuing drip can very quickly turn into a waterfall", said Michael Hewson, chief market analyst at CMC Markets.

Business

Britain's FTSE 100 Stock Index Hits Record as Pound Tanks

The rally is due to the fact that the drop in the pound, while a drag on consumers' and businesses' spending overseas, is potentially good for those British firms that already have big business interests outside the United Kingdom. The blue chip index is up over 12.5% since the referendum. Top flight stocks hit a record high as the pound continues its dramatic slide. Across Europe, the French Cac 40 was trading higher by about 0.2% while the German Dax was relatively flat.

Business

Warren Buffett responds to Donald Trump's tax comments

Acknowledging for the first time that he had avoided paying federal income taxes for years by claiming almost $1 billion in losses in 1995, Trump then tried to shift attention to his Democratic opponent, Hillary Clinton, accusing some of her wealthy supporters of exploiting tax laws to their own advantage.

Business

International Olympic Committee calls on WADA to lead unified global anti-doping system

Nobody would disagree that anti-doping efforts need to be more consistent, joined-up and better value-for-money, and everybody recognises that Reedie's position this summer was weakened by him also being an International Olympic Committee vice-president.

Business

UK Anti-Doping agency probes alleged wrongdoing in cycling

The article today explains that a staff member flew with a medical package from Great Britain to Geneva and drove from Geneva to La Toussuire on June 12, 2011, the day Wiggins won the Critérium du Dauphiné. Wiggins' cases have caused particular concern because his three approvals for triamcinolone acetonide coincided with the Tour de France in 2011 and 2012 and the Giro d'Italia in 2013 - his biggest races of all three seasons.

Business

Sensex Slips 41 Points, Wipes Out All Gains

Oct 6 Indian shares rose on Thursday, tracking gains in Asian markets, as strong USA services sector data and an overnight rally in oil prices boosted sentiment, with investor focus expected to shift to June-quarter corporate results starting next week.

Business

House lawmakers heap blistering criticism on Wells Fargo CEO

Earlier this week, the bank took back US$41 million in stock awarded to Stumpf, an unprecedented rebuke to a major USA bank chief executive officer. For years, Stumpf has strived to separate Wells Fargo , one of the largest banks in the country, from the controversy that has typically dogged many of its biggest competitors.

Business

UK PM faces immigration backlash in tough talk on Brexit

Following Britain's shock referendum vote on June 23 in favor of exiting the European Union, it was not immediately clear what form the separation would take. London Mayor Sadiq Khan wrote on Twitter that the list plan sent a "deeply worrying message to the millions of people from around the world living and contributing in our country".

Business

Seoul says North Korean soldier crosses the border to defect

The aerial defence system, which the United States has offered to South Korea as a counter balance against the nuclear and missile experiments carried out by reclusive North Korea, will do no good for regional stability, the Chinese official said .

Business

Seoul says North Korean soldier crosses the border to defect

The aerial defence system, which the United States has offered to South Korea as a counter balance against the nuclear and missile experiments carried out by reclusive North Korea, will do no good for regional stability, the Chinese official said .

Business

Mall of America says it's closed this Thanksgiving

The mall notified tenants and employees of the closure this morning, according to the Minneapolis Star Tribune . "That is why this year we have made the decision to close on Thanksgiving Day", read the letter, co-authored by mall Executive Vice President Rich Hoge and Senior Vice President of Marketing Jill Renslow.

Business

Mall of America Gives Thanksgiving Back to Employees

But even though the sales are advertised for the Friday after Thanksgiving, many stores have begun to open on Thanksgiving night, in order to accommodate consumer demands. At the same time , earlier openings have not led to more revenue for retailers, just spread out shopping over more days, analysts have noted. But over the past several years, Thanksgiving has become the new tradition.

Business

Wall Street rallies, led by Deutsche Bank, financials

Lehman Brothers was, like Deutsche Bank and other major financial groups, closely connected to other banks. "The bank's systemic significance is undeniable", Stephen Guilfoyle, chief market economist at Stuart Frankel & Co., wrote in a note.

Business

Nation's biggest shopping mall decides not to open on Thanksgiving

The Mall of America is pushing back against the recent trend of Thanksgiving Day shopping by deciding to stay closed on the holiday this year. "We've been talking about this for months, looking at the numbers, looking at the pros and the cons", Jill Renslow, a mall executive involved with the decision, told the paper.

Business

Mall of America will be closed on Thanksgiving (sorta)

Given its size and national status, the Thanksgiving Day closure could lead to other malls and major retailers to follow suit. If some stores do open, the mall will provide security to those stores, according to the Star Tribune . Last year, the Mall of America encouraged its stores to open at 6 p.m. on Thanksgiving and more than 150 of its stores did so, majority staying open through the night.

Business

America's Largest Mall Is Closing for Thanksgiving

Last year, a number of retailers opened as early as 6 p.m. on Thanksgiving Day. The mall employs 1,200 people directly. The mall notified tenants and employees of the closure this morning, according to the Minneapolis Star Tribune . But over the past several years, Thanksgiving has become the new tradition. Given its size and status, Mall of America, the nation's largest shopping mall, could inspire other malls and stores to follow suit.

Business

Mall of America to close for Thanksgiving

While the mall will remain closed, some of the 520 stores may opt to open on Thanksgiving. According to The Minneapolis Star Tribune , Mall of America will "close down as many of its operations as possible" on Thanksgiving day. "We are excited to give this day back to our employees", said Jill Renslow, senior vice president of marketing and new business development for Mall of America.

Business

Mall of America to be closed on Thanksgiving

If some stores do open, the mall will provide security to those stores, according to the Star Tribune . The mall, the nation's biggest, has been open on Thanksgiving since 2012, according to The Associated Press. And a year ago, for the first time , more shoppers went online than to stores, mitigating the benefit to being open for so many hours. Last year, it opened at 6:00 p.m.

Business

Markets Right Now: Bank stocks lead a rebound on Wall Street

The Dow Jones industrial average jumped 164.70 points, or 0.9 percent, to 18,308.15. That almost erased its 195-point loss from a day before. The S&P 500 index rallied 17.14 points, or 0.8%, to finish at 2,168.27, with most of its sectors trading higher.

Business

Stocks say 'nevermind'; reverse recent losses as banks jump

The Standard & Poor's 500 index rebounded 19 points, or 0.9 percent, to 2,170. The financials and energy sectors led gainers, while utilities, telecom, and real estate finished lower. Even with Friday's optimism, it was a tough week for some of the biggest lenders, with worries about Deutsche Bank followed by job cuts at Commerzbank , a $US1.1 billion lawsuit settlement for Royal Bank of Scotland Group and prospects of cost reductions at Credit Suisse Group.

Business

Mall of America to close on Thanksgiving

Its 520-plus stores will have the option to open on the holiday, but mall executives expect that most will decide to remain closed. So don't be surprised if Mall of America's move gives cover to other malls and retailers to follow its lead.