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Oil slides as non-OPEC nations demur on output limit plan

The deal faces potential setbacks from Iraq's call for it to be exempt and from countries including Iran , Libya and Nigeria whose output has been hit by sanctions or conflict and want to raise supply. "With OPEC production creeping up towards 34 million barrels a day, a production freeze guarantees that the oil market will remain out of balance throughout 2017 and into 2018", said David Hufton of oil broker PVM.

Business

CenturyLink acquiring Level 3 for $34B

Based on CenturyLink shares reference price of $28, that values Level 3's stock at $66.50, or a 23% premium to Monday's closing price. After the close of the transaction, CenturyLink CEO and President Glen Post will continue to serve as CEO and President of the combined company, while Level 3's CFO Sunit Patel will serve as CFO of the combined company.

Business

Tatas move to pre-empt legal action by Mistry

He said that despite plowing 1.96 trillion rupees - more than the net worth of the group - into those units into these companies, they still face challenges, and Rs 1.18 trillion rupees might have to be written down over time. Mistry has not filed any caveats. "He has already made a statement that such concerns are misplaced at this stage", Mistry's office was quoted as stating by NDTV.

Business

Trump's daughter-in-law celebrates Diwali at Hindu temple

The video has also used short clips from the Hindu event that Trump had attended a week back and where he had praised Hindu community being "fantastic" and praising them for their contributions to the world and the American culture. Indian Americans are predominantly supporters of the Democratic Party. As The New York Times has reported , the real-estate magnate's promise to aggressively combat Islamic extremists in particular may appeal to some Indian-American voters.

Business

NYC principal beaten after asking student to turn down music

The complex is located just across the street from NYPD Headquarters at 1 Police Plaza. Tossman had asked an 18-year-old student on the lower Manhattan campus on Monday to turn down his music-blaring headphones. "The safety and security of students and staff is our top priority, and we are looking into it", the statement continued. According to the webpage for the Early College School for Advertising, Tossman has extensive experience as an educator, first as a high school English teacher.

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2 in both major polls

However, there will not be an undefeated showdown with Ohio State in 2016 because the Buckeyes were stunned by Penn State , 24-21, in Happy Valley. Alabama (8-0) remained at No.1 in the polls after a 33-14 win over Texas A&M. Arkansas and Ole Miss were the only two teams ranked last week that fell out of the rankings. Here's how the entire poll looks. Nebraska 7. Baylor 8.

Business

Man Utd's Bailly expects two-month lay-off

Chelsea's Belgian goalkeeper Thibaut Courtois (L) gestures as Manchester United's Ivorian defender Eric Bailly and Chelsea's English defender Gary Cahill tangle during the English Premier League football match between Chelsea and Manchester United at Stamford Bridge in London on October 23, 2016.

Business

AT&T is reportedly in talks to buy Time Warner for $80 billion

Executives at the two companies have been in talks for several months. The formal announcement likely will lay out the financial and public interest rationale for the deal, how it will be financed, and who will run Time Warner's operations.

Business

BIMSTEC represents polar opposite of terror promoting polity: Swaraj

He also called for early adoption of the draft Comprehensive Convention on International Terrorism saying doing so will be an expression of "our resolve" to fight the menace. "The BRICS Summit adopted the Goa Declaration which also incorporates anti-terrorism contents and represents the position of BRICS countries including China", she said.

Business

2 more N Carolina deaths raise Matthew's United States death toll to 43

North Carolina's Democratic Party has sued the state's election board in an effort to extend the voter registration deadline there for at least five days, WRAL.com reported on Friday. Strach decided earlier this week to keep the Friday deadline, but told county boards to accept registration applications mailed to them until Wednesday afternoon as long as the applications were dated Friday.

Business

New Mexico jobless rate rises to 6.7 percent in September

The unemployment rate in the Treasure State held steady at 4.3% last month. In August 2015 the rate stood at 4.5 percent. In Weld, the unemployment rate, not adjusted for seasonal fluctuations, fell five-tenths of a percentage point to 3 percent from August.

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'We have some bad hombres here'

Citing drug trafficking as a connected issue, he continued, "Right now, we're getting the drugs, they're getting the cash". Moderator Chris Wallace asked Trump and Hillary Clinton to detail their plans to secure the southern USA border, saying there is "almost no issue that separates" the two candidates more.

Business

American Express shares rise 4% on earnings, revenue beat

Citigroup Inc. reissued a buy rating on shares of American Express in a research note on Wednesday, August 10th. Credit Suisse Group AG reaffirmed an "underperform" rating on shares of American Express in a report on Tuesday, July 5th. Consolidated expenses were $5.5 billion in the latest period, down 3% from $5.7 billion a year ago. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.97 for the AXP while maintaining high price ...

Business

Students are graduating with $30000 in loans

Employers helping their employees to take on the challenge of student debt is just another logical aspect step in this process. Students whose parents are ineligible for PLUS loans may be able to borrow more. Studies have shown that student debt payments have led to a delay in home ownership, as well as a decline in college savings for the borrowers' children - creating a multigenerational debt cycle.

Business

Oil prices rise as OPEC chatter strikes again

Oil settled higher on Tuesday as expectations of OPEC output curbs lifted prices despite forecasts that data would show a second straight weekly build in USA crude stockpiles.US crude inventories likely rose by 2.4 million barrels in the week to October 14, a Reuters poll of oil market analysts found.

Business

Netflix Reports Record Earnings, Thanks to "Stranger Things"

Netflix said that it gained 3.57 million paid subscribers to its streaming service in the quarter, with most of those coming from outside the United States. We don't usually comment on Netflix's earnings and subscriber growth because it's a bit outside our lane, but the growth ties in to Netflix's creative approach in the next few years.

Business

Eurostar and Eurotunnel services suspended

A power failure has forced Eurostar and Eurotunnel to cancel services until at least 18:00 (Tuesday). Eurotunnel said: 'Our passenger service is temporarily suspended due to a technical fault in the tunnel which is in the process of being resolved.

Business

Target removes clown masks from stores and online after recent scares

Target said they began pulling the masks last week and removed several masks from its online Halloween store. Links from search engines to clown masks Target previously stocked simply led to a message that said " product not available ".

Business

IBM Earnings Beat Estimates on Faster Growth From New Businesses

Analyst had a consensus of $2.89. Bellecapital International Ltd. purchased a new stake in shares of International Business Machines Corp . during the second quarter valued at approximately $225,000. International Business Machines Corp . makes up approx 2.21% of Cohen Capital Management's portfolio.Prospera Financial Services Inc boosted its stake in IBM in the latest quarter, The investment management firm added 1,636 additional shares and now holds a total of 4,755 shares of ...

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Chinese goods sale to drop 30 per cent this Diwali, says CAIT

However, on imposing ban on Chinese products, commerce minister Nirmala Sitharaman said on Friday that it was not possible to impose a blanket ban on imports from any one country. Releasing the minutes of the 4th India-China Strategic Economic Dialogue last week, an official statement here said the two sides called "for a joint strategy to meet the rising energy demand through appropriate policy measures and efforts in the worldwide energy markets".

Business

Farage defends Trump over sexist comments

Farage has stood by Trump in the wake of the release on Friday of recorded comments from 2005 about groping women with their consent. Of the candidate's pre-debate press event with women who have alleged sexual misconduct by Bill Clinton, he said: "We all have our own way of doing things, that was certainly unusual".

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How Access Hollywood Tried (and Failed) to Protect Billy Bush

You gotta look at her... You are now subscribed to the Daily Digest and Cheat Sheet. In due course the two men alight from the bus and Zucker greets Trump with a handshake. You're as scummy as he is. "You are sickening! You're just as big as a pig and scumbag as trump is". According to Billy Bush's NBC News biography posted online, he earned a bachelor's degree in global studies and government from Colby College in Maine.

Business

Snapchat is marching towards a $25bn March IPO

The valuation could produce the US stock market's biggest initial public offering since online shopping giant Alibaba debuted at a $168-billion valuation in 2014. In an interview with Adweek in 2015, Snapchat CEO Evan Spiegel outlined what he saw as some advantages his company has over its competitors when it comes to advertising .

Business

Facebook launches 'Marketplace' for users to buy/sell items online within local communities

The closest Indian equivalent of the model could be a Quikr or Olx, that allow buyers and sellers to directly interact with each other. The Facebook Marketplace will allow users to post item listings and then complete the sale outside of the social network.

Business

Deutsche Bank shares plunge to fresh lows dragging down London market

Fears over Deutsche's financial health stretch back to the 2008 financial crisis when it was hit with various fines and lawsuits as regulators forced Europe's banking sector to restructure, but they were brought back into the spotlight after the United States Justice Department last week suggested the German lender may need to pay $14 billion to settle several investigations related to mis-sold mortgage securities.

Business

NY gas prices up slightly

The Colonial pipeline that carries 1.3 million gallons of gas a day from Houston to the Southeast and East Coast markets was shut down for two weeks last month due to a pipeline leak south of Birmingham, Ala. If it affects the East Coast of the USA, the price of gas could come into play. However, there is reason to doubt OPEC's sincerity of a production cut, said Patrick DeHaan, GasBuddy senior petroleum analyst.

Business

Skepticism aside, OPEC production cuts have worked before

Since the removal of nuclear-related sanctions targeting its oil industry in February, Iran - which is OPEC's third largest producer after Saudi Arabia and Iraq - has been boosting production in order to reach previous levels and has rejected calls on the country to freeze production as unfair.

Business

Banks lead US stock recovery; Costco lifts consumer stocks

The Dow Jones industrial average jumped 182 points, or 1 percent, to 18,325 as of 12:30 p.m. Concerns over the stability of Germany's biggest bank have pushed its shares to record lows and its USA -listed stock on Thursday tumbled 6.6 percent.

Business

Decker aggravates shoulder injury, uncertain for Sunday

Quincy Enunwa has begun to emerge as a good No. 3 receiver this season, but he has 39 National Football League catches on his resume and to expect him to take over for Decker seems like a hard task. Newly acquired tight end Austin Seferian-Jenkins , cut last week by the Tampa Bay Buccaneers following a DUI arrest, has receiving skills, but he probably won't be ready to play by Sunday.

Business

Saudis, Iran dash hopes for OPEC oil deal in Algeria

Brent tumbled 2.6% to $46.17 per barrel. Oil prices have sunk today as investors scale back their expectations of a deal to curb output between some of the world's biggest suppliers. "There is really no hope of any agreement when Iran and Saudi Arabia don't agree", said Alan Oster, chief economist at National Australia Bank. Said he wants Iranian oil output to hit 4 million barrels per day (mbpd).