Russian opposition leader Alexei Navalny's conviction for theft is upheld by an appeals court but his five year jail sentence is suspended and he is barred from running in elections. Sarah Toms reports.
By the end of the day Thursday, Chesapeake stock had regained all its lost ground and added 2.8% besides to close at $6.91. Merrill Lynch raised its rating on the stock from Underperform to Neutral and raised its price target on the stock from $6 to $10. Barclays analysts saw things differently: “We remain Underweight [on Chesapeake] shares due to high financial leverage and continued negative free cash flow outlook.” Barclays’ price target is $4, with an upside case of $15 per share and a downside case of $1 per share.
By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. It will likely face intense scrutiny by U.S. antitrust regulators worried that AT&T might try to limit distribution of Time Warner material.
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
On Saturday a plume of noxious smoke drifted over a base with U.S. troops involved in the Iraqi offensive to retake the city of Mosul. Islamic State militants had set fire to sulfur stocks at a factory south of Mosul on Thursday. Photo: Reuters
THE ABC NEWS FIXER Oct 22, 2016, 8:37 AM ET Read Jerry’s original letter to the ABC News Fixer below, and see how The Fixer helped get their money back. Also, check out The Fixer’s tips for the next time you need to hire a contractor for work on your home. Dear ABC New Fixer: We hired a contractor to design and build a bar for our basement. He took our $4,000 deposit and never provided the design and gave us the runaround for months. We've asked for our money back multiple times, but every time, he says he doesn’t have it or it's “a cash flow issue." Interestingly, he has his own reality show on the Discovery Channel about building high-quality bars. He also opened a tavern next to his workshop.
Airbnb is also engaged in a pitched battle in its home of San Francisco, where the company has also sued to block a new requirement that it reject booking fees from property owners who have not registered with the city. The New York and San Francisco legal fights are a crucial test of Airbnb’s business model. Other cities looking to rein in Airbnb are watching the San Francisco proceedings and looking to the city's law as a potential model, said James Emery, deputy city attorney of San Francisco.
Manchester, New Hampshire-based Dyn Inc. said its server infrastructure was hit by distributed denial-of-service, or DDoS, attacks. The attack temporarily blocked some access to popular websites from across America and Europe such as Twitter, Netflix and PayPal. Members of a shadowy hacker group that calls itself New World Hackers claimed responsibility for the attack via Twitter, though that claim could not be verified.
This could lead to future insurance cover based on "sentiment analysis", in which Big Data and artificial intelligence make predictive models ever more accurate. Swiss Re says technological advances will cut the price of insurance protection and help individuals and firms make better decisions through programmes that offer advice and incentivise improvements in areas such as health and driving. Social media monitoring is one of several advances insurers are examining to improve the pricing of policies.
He's also concerned about the earnings picture right now, noting that top line revenues are starting to "scare" him. He pointed to General Electric's result as a case in point. On Friday, it trimmed its full-year revenue forecast from 2 percent to 4 percent to flat to 2 percent growth. "These top line revenues have to increase. We have to see better numbers come out of corporate America or we are too expensive from a valuation standpoint," Bouroudjian said. Rene Nourse, managing director at Urban Wealth Management, said she feels comfortable getting back into the market now that she thinks it is signaling a likely outcome in the election. She told "Closing Bell" she particularly likes financials,
Other than the company’s new recipe rolled out in 2010, in one word: technology. “We got into it early,” said CEO Patrick Doyle. Doyle said a big part of the company’s success is “early investment.” And he added the company hasn’t stopped.
By Alan Baldwin AUSTIN, Texas (Reuters) - Triple Formula One world champion Lewis Hamilton won a qualifying battle with Mercedes team mate and title rival Nico Rosberg on Saturday to secure pole position for the U.S. Grand Prix. Hamilton, 33 points behind the German with four rounds remaining, has won three of the past four races in Austin but had never before managed to seize top slot on the starting grid in Texas. The Briton's fastest lap of one minute 34.999 seconds was 0.216 quicker than Rosberg, who starts alongside him on the front row, and also the quickest yet at the Circuit of the Americas.
General Motors Co plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency reported on Sunday, citing company sources. SAIC General Motors (SGM), a joint venture between China's SAIC and General Motors, started operations at the Wuhan plant last year. The new production line will be able to produce 360,000 vehicles a year, bringing the combined capacity to 600,000, Xinhua said.
Life expectancy for women and men in 1970 was just short of 71 years, for example, so retirement funds did not have to see most people to age 90 or 100. Today, those of us approaching retirement are playing a very new game. Will Social Security be your primary source of income in retirement?
"Saudi Arabia has started to play an important role to coordinate between Russia ... and OPEC, specifically the Gulf countries," Falih said in a news conference with his Russian and Qatari counterparts in Riyadh. "We have managed today... through a common meeting to reach a common notion to what we can reach in November," Falih said, referring to an OPEC meeting in Vienna on Nov. 30, when the exporting group is set to finalize a production cut agreement.
When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously. In particular, they’ll be focused on 88 bales of cotton worth approximately $35,000 that the container vessel is carrying -- not because of the value of the goods, but because of the technology attached to the shipment. Unloading the goods at the end of their 7,000-mile journey from Houston will mark the final stage of an experiment by Commonwealth Bank of Australia, Wells Fargo & Co. and the trading firm Brighann Cotton to prove for the first time that the combination of much-hyped technologies -- blockchain and smart contracts -- can deliver real-world benefits.
Millennials have eclipsed baby boomers as the largest living generation, and that represents an opportunity for investors who can identify companies offering the goods and services they want. "What we see is that millennials behave differently from other generations," said Jay Jacobs, director of research at Global X, a $3.8 billion ETF issuer based in New York. Jacobs spoke recently to The Associated Press about how investors can profit from forecast growth in millennials' spending power in the years ahead.
When it comes to their economic plans—and particularly their tax plans—the differences between Donald Trump and Hillary Clinton are stark.
Salesforce CEO Marc Benioff discussed diversity in the workplace on Friday at The Grace Hopper Celebration of Women in Computing, held this year in Houston, Tex. When it comes to the sensitive topic of diversity in tech, Salesforce (CRM) CEO Marc Benioff has some choice words for his counterparts at other companies: Don’t be afraid. At the Grace Hopper Celebration for Women in Computing, an annual conference held this year in Houston, Texas, the 52-year-old chief executive contended one of the largest reasons the gender pay gap remains at many businesses is that their CEOs are in fact too afraid to “push the button” and discover what women employees make compared to their male colleagues.
Storage rooms crammed with loan documents have emerged as a hidden front line in Italy's battle to save its banks from the threat of financial crisis. Dozens of analysts have been toiling in back offices of the nation's third-largest lender, Monte dei Paschi di Siena, in the first stage of a campaign to sell or recover much of Italy's 360 billion euros ($395 billion) worth of problem loans. "Ours is a painstaking job," said Luca Mazzoni, chief executive of Protos, which has been hired by Monte dei Paschi.
Jim Justice, a coal billionaire running for West Virginia governor, owes millions in back taxes to some of Appalachia's most impoverished counties, including one in Kentucky that is struggling to pay the debt on a new rec center and has turned the lights off in its parks and reduced hot meals for senior citizens. Many of these counties have been devastated by the collapse of the coal industry over the past few years, and their financial struggles are not all Justice's fault. "It's just absurd that a billionaire wouldn't pay his taxes," fellow Democrat Zach Weinberg, the top elected official in Kentucky's Knott County, said as he thumbed through a folder of Justice's debts.
By Sylvain Andzongo DOUALA, Cameroon (Reuters) - More than 70 people were killed and over 600 injured when a packed passenger train crashed in Cameroon on Friday, the president announced on Saturday, declaring a national day of mourning to commemorate the dead. The packed Camrail train had been travelling from the capital Yaounde to the port city of Douala. Over 70 passengers died and 600 wounded in the accident," President Paul Biya, who is travelling abroad, wrote on his official Facebook page.
KITCO NEWS - Gold steadies and is set to end the week higher, on track for its first weekly gain in four weeks and one expert sees the cards stacked in the metal's favor. Ken Hoffman of Bloomberg Intelligence released a report this month, which shows the current pressure in gold prices is namely driven by the looming rate hike - but those Fed concerns are just masking long-term positives for the metal. Gold was on track Friday to post its first positive weekly close in three weeks, many analysts suspect that the correction --which started with a 5% drop at the start of the month -- has run its course. December gold futures settled the day at $1,267.70 an ounce, up nearly 1.2% since Monday's open.
WASHINGTON/NEW YORK (Reuters) - The tie-up of AT&T Inc (T.N) and Time Warner Inc (TWX.N), bringing together one of the country's largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV. Discovery Communications Inc (DISCA.O) gained 3.6 percent, AMC Networks Inc (AMCX.O) rose 3.9 percent and Scripps Networks Interactive Inc (SNI.O) jumped 5.6 percent. Media content companies are having an increasingly difficult time as standalone entities, creating an opportunity for telecom, satellite and cable providers to make acquisitions, analysts say.
In the latest chapter of the Obama administration’s crackdown on Medicare fraud, U.S. customs officials arrested a woman at the Dallas-Fort Worth International Airport last week who is accused of taking part in one of the biggest Medicare fraud schemes in history. The suspect, Lidia Antonio, 57, is one of a dozen people from the Dallas-Fort Worth area suspected of taking part in a nationwide scam to defraud Medicare of $900 million, according to U.S. Attorney General Loretta Lynch. Some health care providers offered kickbacks to “patient recruiters” to help assemble bogus patient information.
In order to ease online payment transactions in a country where ecommerce isn’t the norm, Uber has partnered with Mexico’s first online bank, Bankaool, to issue Uber-branded Mastercard debit cards, according to Business Insider. While doing everything it can think of to expand its market share in the U.S., Uber is fighting to build its brand and business in Latin America as well. After launching in Mexico in 2013, Uber’s ridesharing service is now available in 31 cities, but the issue with Mexican bank cards and online payments has been a challenge.