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VW maintains $7 billion of provisions despite simple emissions fix

Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than expected. VW is seeking as much as 20 billion euros ($21.18 billion) in funding from banks as it struggles to cope with the...
Nov 25, 2015 |
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U.S. consumer spending slowing, but business investment poised to rise

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. Anemic consumer spending will probably do little do change expectations that the Federal...
Nov 25, 2015 |
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HP Inc profit forecast misses Street on weak PC, printer sales

HP Inc, which houses former Hewlett-Packard Co's legacy printer and PC business, forecast adjusted profit for the first quarter below market expectations as it struggles with weak sales of PCs and printers. HP Inc's shares were down 7.1 percent in extended trading on Tuesday, while HPE's shares were up 2.3 percent. "Looking...
Nov 25, 2015 |
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Exclusive: Shire prepares to make new bid for Baxalta - source

ZURICH/LONDON (Reuters) - Drugmaker Shire is preparing to make a new takeover offer for U.S. biotech firm Baxalta that if successful will create one of the world's leading specialists in rare diseases, a source with direct knowledge of the situation said on Tuesday. Shire's bid preparations come three weeks after it announced its $5.9...
Nov 25, 2015 |
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U.S. GDP growth raised for third quarter

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year.     The Commerce Department on Tuesday said the nation's gross domestic...
Nov 25, 2015 |
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Nine Fed banks called for discount rate hike: minutes

The number of regional Federal Reserve banks pushing for a hike in what commercial banks are charged for emergency loans rose to nine in October, a sign the U.S. central bank may be close to tightening monetary policy, minutes from its discount rate meeting showed on Tuesday. Eight Fed banks had voted to raise the discount rate at the prior meeting...
Nov 25, 2015 |
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Asia stocks stumble on geopolitical tensions, oil retreats

Asian stocks were on edge on Wednesday with most markets stumbling as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices eased from two-week highs. Japan's Nikkei shed 0.5 percent. Adding to investor nervousness that followed the attacks on Paris earlier this month, Turkey shot down a Russian...
Nov 25, 2015 |
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Cabin crew union says talking to Lufthansa, trying to avoid strikes

BERLIN (Reuters) - The main cabin crew union at Lufthansa is working with the airline's management to find a way to ease tensions and ward off the strikes that the union has threatened for the end of this week.
Nov 24, 2015 |
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Inventories boost U.S. third-quarter GDP

    The Commerce Department on Tuesday said the nation's gross domestic product grew at a 2.1 percent annual pace, not the 1.5 percent rate it reported last month. While consumer spending was revised down a bit, its pace remained brisk.     The third-quarter's respectable expansion should set up the economy to achieve at least 2 percent...
Nov 24, 2015 |
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U.S. home prices rise faster in September, beat forecast

The S&P/Case Shiller composite index of 20 metropolitan areas gained 5.5 percent in September on a year-over-year basis compared with 5.1 percent in the year to August. With unemployment at 5 percent and hints of higher inflation in the CPI, most analysts expect the Federal Reserve to raise its fed funds target range to 25 to 50 basis points,...
Nov 24, 2015 |
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Indexes drop as global security worries intensify

U.S. shares fell on Tuesday as investors turned to less-risky assets after Turkey shot down a Russian warplane, even as GDP data indicated healthier economic growth. Global security concerns intensified after Turkey said it shot down a Russian warplane that had violated its airspace near the Syrian border, and after the U.S. State Department issued...
Nov 24, 2015 |
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DraftKings hires Exiger to review financial controls, compliance

Daily fantasy sports company DraftKings said on Tuesday it hired regulatory risk and compliance firm Exiger to conduct a review of its financial, operational, compliance and risk controls, as the company and its top competitor, FanDuel, have come under fire from state and federal regulators. DraftKings said in a statement that Ray Pollitt -- a...
Nov 24, 2015 |
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German prosecutors launch tax evasion probe at Volkswagen

German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen , adding to the intense scrutiny of Europe's biggest carmaker. Volkswagen admitted in September that it installed software in up to 11 million diesel vehicles worldwide that vastly understated their actual...
Nov 24, 2015 |
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Tight inventories, rising prices hurt U.S. home sales

By Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales fell in October as a persistent shortage of properties limited choice for potential buyers and pushed up prices, suggesting some softening in the pace of the housing market recovery after strong gains early this year. "The housing market is in decent shape but could be a lot better if...
Nov 24, 2015 |
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NY attorney general probing foreign exchange options market

By David Ingram and John McCrank (Reuters) - New York Attorney General Eric Schneiderman's office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a person familiar with the matter said on Monday. The person, who spoke on condition of anonymity, said subpoenas were...
Nov 24, 2015 |
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Icahn takes stake in Xerox, calls shares 'undervalued'

The billionaire revealed a 7.13 percent stake in Xerox in a securities filing on Monday, making him the second-largest shareholder of the 109-year-old company. Icahn, who recently took stakes in American International Group and Freeport-McMoran Inc , said he would look at getting representation on Xerox's board, as well as pursuing strategic...
Nov 24, 2015 |
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Asian shares wobble, dollar close to eight-month peak

By Lisa Twaronite and Hideyuki Sano TOKYO (Reuters) - Asian shares struggled on Tuesday after a healthcare mega-merger failed to impress Wall Street, while the dollar took a breather from its run to 8-month highs on rising convictions that the Federal Reserve will raise interest rates next month. MSCI's broadest index of Asia-Pacific shares...
Nov 24, 2015 |
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Elliott Management takes 6.4 percent stake in 'undervalued' Alcoa

(Reuters) - Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in "undervalued" Alcoa Inc on Monday, sending the aluminum producer's shares up as much as 6.3 percent. Elliott, run by activist investor Paul Singer, sees opportunities for Alcoa to improve its profit margins, a source familiar with the matter told Reuters....
Nov 23, 2015 |
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U.S. home sales fall; prices push higher

U.S. home resales fell more than expected in October, with large declines in regions which have experienced the biggest price gains, suggesting some softening in the pace of the housing market recovery after strong gains early this year. The National Association of Realtors said on Monday existing home sales declined 3.4 percent to an annual rate...
Nov 23, 2015 |
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E.coli outbreak looks set to infect Chipotle's same-outlet sales

Chipotle Mexican Grill Inc's fourth-quarter same-restaurant sales look set to decline for the first time since the burrito chain was spun off from McDonald's Corp in 2006, following an E.coli outbreak in its restaurants. "Although all Chipotle restaurants have reopened, we argue that headline risk is likely to depress traffic for an...
Nov 23, 2015 |
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Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More