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Disney could be a potential buyer for Twitter

Twitter has reportedly initiated talks with companies including Google parent Alphabet Inc and may receive a formal bid soon. The company's stock soared by 22 percent at one point following the report . Twitter CEO Jack Dorsey serves on The Walt Disney Company's board of directors. The report says Disney may be eyeing Twitter as a chance to boost its video streaming strategy.

Business

Small craft advisories along East Coast

Karl had winds of 45 miles per hour and could stay at that intensity for a few days thanks to wind shear. & will not be written when/if a named storm is nearby. The area of low pressure in the Gulf of Mexico moved close to land Friday afternoon and brought with it significant cloud cover along with periods of rain to Southwest Louisiana.

Business

Company restarts gasoline pipeline after leak in Alabama

This leak is the largest Colonial has had in the last 10 years. The bypass line will be about 500- to 700-feet (150-210 m) long and will essentially have the same specifications as the main line in terms of pressure and capacity, a spokesman said via email.

Business

Google interested in buying Twitter

It last traded around $22.30 a share. Twitter has proved itself as a massive platform for video content, real-time news, and broadcasting, as well as promotion and interaction between users of all walks of life. Twitter is reportedly in talks with several companies that are interested in buying the social media site. TechCrunch reported Friday that Verizon is also interested in purchasing Twitter .

Business

US Fed holds rates but signals hike could come later this year

Fed Chair Janet Yellen did say USA growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. The contract rose 98 cents to settle at $46.32 a barrel on Thursday. The euro edged up 0.2 percent to $1.1202, having pulled up from Wednesday's trough of $1.1123.

Business

Treasuries Set for Best Week Since July as Fed Tempers Rate View

The newly created real estate component of the S&P 500 climbed 1.9 percent, far more than any other sector. He said that leaving rates low might lead to a significant overshoot of the full employment level that could shorten, rather than lengthen, the duration of this recovery.

Business

Overseas home purchases in Vancouver fall after new tax

The statement said more than $850 million worth of property transactions involving foreign nationals in Metro Vancouver were registered at the land titles office on July 29. We have three months of data. From June to the end of August, purchases by foreign buyers totalled 9.3 per cent in Vancouver, down from 13.2 per cent between June and the beginning of August.

Business

Airbus says US grants license for planes in Iran deal

Boeing said Wednesday it remained in talks with Iran Air about an existing tentative deal on plane purchases. The deal was initially valued at $25 billion (22.4 billion euros) but Iranian officials say it is worth nearer $10 billion. Republican Reps. Peter Roskam of IL and Jeb Hensarling of Texas wrote a joint letter in June to Boeing arguing that Iran uses commercial aircraft to transport weapons, military parts, rockets and missiles to US enemies around the world.

Business

WTO Issues a Report on EU Compliance with Airbus Case Ruling

In a separate case, the trade organization is still determining whether Boeing and the USA have adequately addressed $5.3 billion in illegal aid that flowed to the Chicago-based planemaker. The U.S. challenge against European support for Airbus was immediately matched by an EU case against U.S. support for Boeing and the disputes have been slowly grinding their way through WTO system ever since.

Business

Here's the story behind the Wells Fargo CEO's wounded hand

Stumpf said in the prepared remarks. On September 20, the CEO of Wells Fargo , John Stumpf sat in front of the Senate Banking Committee and apologized for the scam that took thousands , if not millions, of dollars from its customers that took place over the course of at least four years.

Business

TSX gets a boost from climb in oil prices

On Bay Street, the S&P/TSX composite index added on 45.54 points to 14,496.23, as part of a broad-based rally that saw real estate and metals sectors leading the gains. Royal Bank of Canada advanced 0.2 per cent to $80.88 and Bank of Nova Scotia added 0.5 per cent to $70.32. The Standard & Poor's 500 index gained less than 1 point to 2,139.

Business

Global dairy prices rise in latest GDT auction, stays below market consensus

The company yesterday forecast it will pay NZ$5.25 a kilogram in 2016-17 as worldwide milk production slows and prices start to recover. Both the New Zealand-based Fonterra and Australian cooperative Murray Goulburn cut farm gate prices, leaving farmers with unexpectedly lower cash payments.

Business

Regulating Self-Driving Cars For Safety Even Before They're Built

The Alliance of Automobile Manufacturers , an industry group consisting of the top auto companies, said its members want to deploy autonomous vehicles as quickly as possible, and federal guidance-as opposed to regulations that are backed by law-is the appropriate path to take.

Business

Former House speaker joins Washington law and lobbying firm

Former House Speaker John Boehner is poised to begin a lucrative second career as a consultant for a high-powered Washington lobby firm, Squire Patton Boggs, which also has strong Cincinnati connections. The Squire release gave no hints about how much Boehner would earn in this new post, but Krumholz said as a former House speaker, he could fetch a very high salary.

Business

Marriott set to complete Starwood deal this week

PEG perhaps more useful shows that Host Hotels & Resorts, Inc. has a value for PEG of *TBA. Host Hotels & Resorts, Inc. reported its last Earnings on Jul 29 BMO where the company reported Actual EPS of $0.49/Share whereas, the Analyst Estimated EPS was $0.49/share.

Business

UK lawmakers told to vacate crumbling Parliament for repairs

The Palace of Westminster faces an "impending crisis" and a growing risk of a "catastrophic event", according to a report by MPs and peers . A year ago an independent report on required restoration work found asbestos throughout the building, stonework crumbling, roofs leaking and plumbing failing.

Business

Samsung to resume sales of Galaxy Note 7 on September 28

The Samsung Galaxy Note 7 hasn't gone down well since it arrived on the market thanks to it being explosive due to the battery. The recall comes as Samsung is locked in a fierce battle with Apple for the attentions of high-end smartphone buyers.

Business

Libya says attacks on 2 key oil terminals repelled

Since the capture of the terminals, Sanalla has vowed to oil double production from Libya, which with an estimated 48 billion barrels holds Africa's largest oil reserves. Force majeure is a legal term that frees a company from any contractual obligation due to circumstances beyond its control. The renewed clashes halted loading of what would have been the first overseas crude shipment from the port of Ras Lanuf since 2014.

Business

Lindsey Graham says Israel made a mistake by signing security deal

The current deal expires in 2018 and gave Israel $3.1 billion in military assistance each year. Several Republicans and Democrats voiced support for Congress' ability to provide more than the MOU, among them Senate Foreign Relations Chairman Bob Corker, R-Tenn., and Ranking Member Ben Cardin, D-Md.

Business

You can swap your faulty Samsung Galaxy Note 7 from September 19th

To prevent the in-flight explosion of Galaxy Note 7 batteries, Australian airlines have banned customers from using or charging Samsung's flagship phablet during the flight. For Samsung , the battery problems with Galaxy Note 7 have meant the phone has not yet started shipping in India. Tham Hua, a Victorian man who was visiting Western Australia, said his Samsung Galaxy Note 7 exploded in his hotel room, bursting into flames.

Business

Wells Fargo to End Sales Quotas After Unauthorized Account Scandal

Shrewsberry said the fired staffers were mostly under-performing employees struggling to meet goals. Bank executives highlight every quarter the so-called cross-sale ratio, which is the number of products the bank sells to each of their individual customers.

Business

Britons might need to pay for permission to visit EU, Rudd says

She added: "My reaction to that is it's a reminder that this is a two-way negotiation". Under the American system, visitors from countries that do not require full visas are required to apply online for permission to travel at a cost of $14 (£11).

Business

Canada Post and union reach tentative agreement

In a statement, Canada Post said the agreements are for a period of two years, rather than the typical four year contracts. Bargaining will resume next year, during which the union will continue to protest solvency testing as an adequate measure of Canada Post's ability to fund its defined benefit pension plans.

Business

Canada Post labour action pushed back 24 hours

Canada Post and the Canadian Union of Postal Workers have agreed to another 24-hour extension to talks at the request of the federal mediator. On Sunday night, the threat of possible job action by Canada Post workers was placed on hold for a further 24 hours.

Business

Canada jobs rise by 26200 in August, unemployment increases to 7.0 percent

The increase in the number of jobs in August was due to a gain of 52,200 full-time jobs, offset by a loss of 26,000 part-time positions. The unemployment rate rose to 7.0 percent as more people participated in the labor market. The number of self-employed Canadians declined by 39,100. The provincial unemployment rate climbed.3% to 6.7%, and the national rate increased just slightly to 7%.

Business

Number of zero hours contracts increases by fifth

The number of workers on these contracts, who don't have a set number of hours, has risen to 903,000, a 21 per cent increase on the same period (April to June) previous year, when there were 747,000. "But many workers who are on them want more stability, reliable hours and greater protection". The median hourly rate for a zero hours worker is £7.25, while for all employees it is £11.05.

Business

Australia's economy has grown for 25 years straight

At the time of writing, Aussie is trading from 0.7631 to 0.7649. Compared to the corresponding quarter a year ago, the increase in GDP at current prices of €102.7 million is estimated to have been distributed into a €57 million increase in compensation of employees, a €39.7 million increase in gross operating surplus of enterprises, and a €6 million increase in net taxation on production and imports.

Business

HP Enterprise spins off software businesses in $8.8B deal

Hewlett Packard Enterprise Company (HPE) opened the session with a $22.18 price tag, later ranging from $21.75 to $22.18, the range at which the stock has traded at throughout the day. The consensus estimates are calling for $0.60 in EPS on $13.13 billion in revenue. The business's quarterly revenue was down 3.9% compared to the same quarter previous year.

Business

McDonald's Corp. (MCD) Rating Increased to Outperform at Robert W. Baird

The hedge fund run by Mark Broach held 191,800 shares of the restaurants company at the end of 2016Q2, valued at $24.11M, down from 229,400 at the end of the previous reported quarter. from a buy rating to a hold rating in a report on Friday, August 5th. The price target estimates represents a standard deviation of 13.68. Canaccord Genuity initiated coverage on McDonald's Corp.in a report on Monday, August 22nd.

Business

An emotional Bill Clinton eyes possible exit from foundation

The federal program that pays ex-presidents' salaries, including other expenses, like staff for their official ex-president duties, was found to be subsidizing work Bill Clinton's staff members were doing for the Clinton Foundation, including some aides at the center of the pay-for-play controversy.