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US charges Volkswagen engineer in diesel emissions probe


Liang admitted that during this time, he and his co-conspirators knew that VW marketed its diesel vehicles to the US public as "clean diesel" and environmentally friendly, and promoted the increased fuel economy. Almost 500,000 2.0 L diesels have illegal software on them. Volkswagen has already agreed to more than $16 billion in separate civil settlements to address environmental, state and owner claims in the United States, Reuters reported . Read More »

93-Year-Old Wheelchair-Bound Woman Robbed in NYC Store


I wasn't expecting it ", Vasquez told The Post on Thursday. "He reached over and startled me, yanking the envelope from my bra". "I said , run, run, run there taking my money". "I want to see him, to give him advice". Surveillance cameras from inside the East Harlem clothing store captured the ruthless thief Wednesday afternoon. Read More »

Specter of rate hike takes luster off gold

Analysts said attention will now be focused on key U.S. jobs data, due to be released Friday, which, if strong, could help clinch the case for an early rate hike. The precious metal is sensitive to moves in US rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar in which it is priced. Read More »

Sports Direct Bows to Investor Concerns With Governance Review

Today's report, compiled by professional services firm Reynolds Porter Chamberlain (RPC) with the support of the Sports Direct International (SDI) board - and carried on the retailer's website - said there were "serious shortcomings" in the way HR issues and working practices were handled at the firm's warehouse in Shirebrook, Derbyshire. Read More »

Mild temperatures ahead for Sacramento Labor Day weekend


North wind 5 to 10 miles per hour. Saturday - A 20 percent chance of rain after 2 p.m. Lows tonight will be in the low 50s under clear skies with light northeast winds becoming calm, the NWS says. High in the upper 80s. Sunday: Mostly sunny with a high near 92 with a south southeast wind at 10-15 miles per hour. MONDAY AND TUESDAY: That low will work out, but we will keep a good chance of showers/t-storms likely for Monday . Read More »

Turkey vows to implement migrant deal


Slovak Foreign Minister Miroslav Lajcak , whose country holds the EU's rotating presidency, said the 28 ministers have "a common understanding. what are our expectations from Turkey and what Turkey expects from us". 1, 2016. Asked whether concerns over human rights meant Brussels should suspend Turkey's European Union accession talks, which under the March accord should be sped up, Lajcak said: "I am personally not in favour of interrupting accession talks". Read More »

Traders Limelight-VeriFone Systems, Inc.'s (PAY)


Deutsche Bank gave shares of Verifone Systems , Inc . a price target of 15 indicating a potential decrease of -10.71% from Verifone Systems , Inc .'s current price of 16.8. BNP Paribas Arbitrage SA now owns 151,137 shares of the company's stock worth $4,235,000 after buying an additional 47,374 shares in the last quarter. Read More »

Tesla SolarCity to allow houses to generate and store electricity


The Ludicrous upgrade enables the insane acceleration that's made the Model S famous, but since the P100D is Tesla's new fastest flagship, it makes sense that the Ludicrous option is no more for the mid-tier P90D. Electric auto maker Tesla could be planning to limit its "autopilot" function for drivers who continually ignore the safety warnings. There have also been consumer reports that rant about the Tesla Model S and the leaks spotted in the battery packs' cooling pumps. Read More »

New FAA drone rules went into effect Monday

Fortune staffer Jonathan Vanian explains the new regulation, which requires operators to pass a certification exam, not fly drones over 100 miles per hour or 400 ft and and avoid flying them at night. "The ability to fly over people is a huge step forward, and a necessary one as we cover the news where it happens", said David Vigilante, CNN's senior vp legal, said in a statement. Read More »

Airline adds flights to Texas, Puerto Rico from Pittsburgh


One-way fares start at an introductory price of $45. Flights to Pittsburgh International Airport launch December 16. Allegiant has been offering service out of Pittsburgh since 2015. "We are very pleased to welcome the addition of two nonstop flights on Allegiant", Austin Convention & Visitors Bureau president and CEO Tom Noonan said. Read More »

Feds reviewing use of private immigration facilities


Johnson said his department's advisory council has been tasked to examine whether "immigration detention operations conducted by Immigration and Customs Enforcement (ICE) should move in the same direction" as the justice department. Nine of the ten largest detention centers are private, operated either by the Corrections Corporation of America or the GEO Group. A Reuters survey of 10 states with the largest contracts with private prison companies, including California and Texas, showed ... Read More »

Immigration laws can be softened


Trump aides told the Arizona Republic on Wednesday that his speech would outline his immigration policy, but quickly backtracked and said he may address the issue but would focus on party unity. "Except change his immigration policies", Coulter wrote in her new tome, " In Trump We Trust ". Donald Trump himself said this was not a pivot. "When they come back in, then they can start paying taxes, but there is no path to legalisation unless they leave the country and then come back". Read More »

Warning of 'war' on farmers, Trump seeks support in Iowa

Republican presidential candidate Donald Trump greets the crowd after speaking at Joni's Roast and Ride at the Iowa State Fairgrounds, in Des Moines , Iowa , Saturday, Aug. However, Kellyanne Conway, Trump's new campaign manager, is hoping to change women's minds about the Republican nominee, pointing out that "a critical mass of women have not said they'd vote for Hillary Clinton". Read More »

Tata Motors first-quarter net profit sinks 57% post-Brexit


On a consolidated basis, Tata Motors posted a net profit after tax, minority interest and share of profit of associates of Rs 2,260.40 crore for the period under review as compared to Rs 5,254.23 crore for the quarter ended June 30, 2015. Standalone net sales were at Rs 11,311.24 crore against Rs 10,262.76 crore in the year-ago period, up 10.21 per cent. "Higher volumes in both standalone as well as JLR business more than offset by the adverse foreign exchange impact of Rs.2,296 crore and ... Read More »

Best Buy booms on strong sales


The retailer, which had forecast flat sales in the May-to-July period, also posted a better-than-expected 21 percent increase in profit. Finally, Jensen Investment Management Inc. Furthermore, Best Buy estimates to report earnings of 43 cents to 47 cents per share over the next quarter. Wedbush rates Best Buy shares underperform with a $20.50 price target. Read More »

Burt's Bees Founder Sees a Dream Fulfilled in Maine


More than half, or 32, of all 59 national parks either began as national monuments or have incorporated land given that designation. "As the National Park Service begins a second century of conservation this week, the president's designation of Katahdin Woods and Waters National Monument serves as an inspiration to reflect on America's iconic landscapes and historical and cultural treasures", said Jewell. Read More »

Beer mega merger: what court ruling means for troubled deal


AB InBev sweetened its bid by one pound a share after the complaints, but smaller shareholders say it isn't enough. SAB requested that those two shareholders - cigarette maker Altria Group and Bevco, a vehicle of Colombia's Santo Domingo family - be treated as a separate class. Read More »

Qantas posts best ever full-year result


Underlying profit came in at $1.53 billion, in line with expectations, compared with $975 million in the previous year. "It means Qantas can resume dividend payments, reward 25,000 EBA-covered employees with a one-off cash bonus, and continue investment for customers, including extending wi-fi to Qantas' regional and worldwide fleets and finalising the network and customer experience for the Qantas Dreamliner", directors said in this morning's statement to the ASX. Read More »

Trump Campaign Backpedals on Mass Deportation: It's 'To Be Determined'

Donald Trump's campaign could not immediately be reached for comment. He has compared his proposal to "Operation Wetback", a controversial removals program carried out in 1954 under President Eisenhower. A bipartisan immigration reform bill that would have boosted border security while providing a pathway for citizenship passed the Senate in 2013 but died in the Republican-led House. Read More »

Oil dips on prospect of record Saudi output


Saudi Arabia's oil shipments, as tracked by Thomson Reuters Supply Chain and Commodities Research, are likely to be around 33.22 million tonnes in August, equivalent to about 7.82 million barrels per day (bpd). Oil markets were closer to balancing in the second half of 2016, as oil demand was significantly stronger than expected, while unforeseen supply disruptions occurred. Read More »

Trump's lawyer asks 'says who' when told Trump is losing


The Republican National Committee's top strategist on Wednesday accused the media of excusing controversial comments by liberals while fixating on Donald TrumpDonald TrumpJan Brewer: Arizona won't go blue for "lying killer" Clinton Trump's Breitbart hire sends tremors through Capitol Hill Latin American group pushes relatives in U.S. Read More »

Clinton will release 2015 tax returns within days

Only three days after Trump delivered his own economic policy speech in Detroit, Clinton ran through a number of policy proposals, from spending more on infrastructure to standing up to China and renegotiating a major free-trade agreement. He talked only of failure, poverty and crime. "One thing he could do to make America great is to make great things in America", she joked. Clinton once called the TPP the "gold standard" of trade deals when she served as Obama's secretary of state but ... Read More »

Turkey and Russian Federation agree to build Syria mechanism

Mr Cavusoglu said Turkey wanted to establish a "strong mechanism" with Russian Federation to find a solution for Syria, without explaining what this might entail. Referring to Turkey's fights against extremism, Erdogan said, "We had serious fights against extremism in 2015". The leaders are expected to discuss Syria and other subjects in a highly symbolic meeting that will likely make western governments nervous, because it's a U-turn for two governments who were insulting each other just ... Read More »

Delta Anticipating a Return to 'Normal' Operations Today

Konstance Woods talks on her cell phone with an agent as she stands in line at the Delta ticketing counter at Washington's Ronald Reagan Washington National Airport, Monday, Aug. The outage has snarled Delta's flights ever since. "Following the power loss, some critical systems and network equipment didn't switch over to Delta's backup systems". Read More »

Delta cancels 90 more flights Wednesday, in third day of turmoil

The airline has had to cancel over 1,700 flights since Monday, when a power outage at its base in Atlanta affected its global computer systems. Airline officials said 775 flights were canceled Tuesday as the airline worked to establish normal operations that disrupted its flight schedule worldwide. Read More »

After outage, Delta seeks forgiveness with refunds, vouchers

Ticket lines were still moving at a decent pace. Other Delta flights at KCI were listed as on time Tuesday with only a few shown as delayed. The chaos was sparked by a power outage in Atlanta early Monday morning, which affected the airline's computer systems worldwide. Read More »

Rajan Maintains Status Quo In Final RBI Policy Review

As of 0604 GMT, the broader NSE index was down 0.18 percent at 8,695.30, while the benchmark BSE index shed 0.15 percent at 28,170.41. It added that there is upside risk to the inflation target. Another business chamber Assocham (Associated Chambers of Commerce of India) said while the RBI decision to keep the policy interest rates unchanged is on the expected lines in the face of consumer inflation staying sticky, Rajan's remarks on possibility of positive impact of monsoon on inflation and ... Read More »

Parliament approves GST, India's biggest tax reform

We also don't yet know what the eventual GST tax rate will be, although the government has suggested that it should be between 17 and 18 per cent. Prime Minister said the Goods and Services Tax Bill was "a very big and important step" towards getting the country rid of "tax terrorism". Read More »

NY, other states reach $100M settlement with Barclays Bank


Benchmark interest rates affect financial instruments worth trillions of dollars and have a widespread impact on global markets and consumers because LIBOR may determine how much they will be paid on their investments. "There has to be one set of rules for everyone, no matter how rich or how powerful, and that includes big banks and other financial institutions that engage in fraud or impair the fair functioning of financial markets", Schneiderman said. Read More »

Oil Up over Renewed Talks of Production Cuts by OPEC

Dr. Al Sada said that the recent decline observed in oil prices and the current market volatility is only temporary. OPEC President Mohammed Bin Saleh Al-Sada reiterated the organisation's view that oil demand will pick up in the third and fourth quarters of this year. Read More »

Berkshire profit rises 25 percent, helped by insurance, investments


Berkshire Hathaway on Friday said its second-quarter profit rose 25 per cent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts , Warren Buffett's largest acquisition. Results included a $610 million gain from the redemption of Buffett's investment in Kraft Heinz preferred stock. Pretax underwriting profit nearly tripled at the Geico unit to $150 million as the auto insurer added customers and increased rates. Read More »

Chaos inside Emirates plane that crash-landed in Dubai


At the bottom of the chute, passengers shout out as they search for relatives and help each other away from the crash site. The Boeing 777 was carrying 282 passengers and 18 crew members from 20 different countries, according to the airline. Read More »