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Renault Tumbles As Paris Prosecutor Opens Inquiry Into Emissions

A separate investigation by the French environment ministry found some cars made by Renault and rivals emitted nitrous oxide many times over the European Union legal limit, but didn't punish the auto makers. The company was accused of having hidden software on diesel trucks that allowed them spew out excess emissions . The Italian-American company immediately denied the charges and pledged to work with President-elect Donald Trump's adminstration to resolve the issue "fairly".

Business

Mexican president weighs on the border wall issue

The president-elect of the United States and the president of Mexico both made public statements on the infamous U.S. -Mexico border wall on Wednesday. The president-elect said that since Mexico has been "so nice", that there will probably be a deal done before that happens. Responding to a series of questions on cyber hacking, particular those from Russia, Trump said, Moscow would have much more respect for the USA when he was leading it.

Business

Tesco and Marks & Spencer report strong Christmas sales

The headline 2.3 per cent like-for-like sales certainly got people's attention, but the underlying like-for-like was "only" 0.8 per cent because of the calendar shift. Overall, Primark's United Kingdom sales were up 11% at constant currency. Over the shorter seven-week Christmas period to January 7, which also includes the Black Friday promotional frenzy, like-for-like sales were up by 5pc, or 1.7pc in constant currency.

Business

Amazon launches Chase card for Prime members

Those with an eligible Amazon Prime membership earn 5% back from Amazon .com purchases, while purchases at restaurants, gas stations and drug stores net 2% cashback, and all other purchases yield 1%. Costco's Visa Anywhere cards, issued by Citigroup (C), offer just 2% cash back on Costco purchases. Amazon .com, Inc. (NASDAQ:AMZN) has always tried to stay ahead of its competition by implying new ways to attract customers towards itself.

Business

As consolidation hits Housing merges with PropTiger in $70-75 million deal

PropTiger is also clearly not an emerging market hopeful when you consider it could be valued at around $460 million using what REA Group just paid for its stake in the business as a valuation guide. Rahul Yadav said that a founder always has vision and can convince the market, thereby keep people patient during tough time. The company's other investors include SAIF Partners and Accel Partners.

Business

Accused Orlando Cop Killer: Reward Rises To $100K

According to the newswire, Orlando Police Master Sgt. Debra Clayton was gunned down near a Wal-Mart store in northwest Orlando earlier Monday. Scott tweeted that he is praying for the Orlando Police Department and said the state of Florida stands ready to help in any way.

Business

Fed Minutes Show More Interest Rate Hikes Coming This Year

Despite these risks, the minutes repeatedly said the central bank expects it can continue to make only "gradual adjustments" in the interest rate, although they emphasized the need to adjust course "as economic conditions evolve". Those include the strength of the dollar, "financial vulnerabilities in some foreign economies" and the still-low level of the benchmark federal funds rate (which doesn't give officials much room to maneuver if a crisis or downturn were to develop).

Business

Threatened bluefin tuna fetches $632000 at Tokyo auction

Kimura conceded that the price "was a little high". The winning bid Thursday for the prized but imperiled species was the second highest ever after a record 155.4 million yen bid in 2013 at the annual New Year auction. Last July, the the Pew Charitable Trusts called for a two-year moratorium on commercial fishing of Pacific bluefin, which was backed by other NGOs.

Business

ANZ sells stake in Shanghai bank for $1.8B

ANZ's sale of a minority stake is the latest step in the bank's plans to downsize its Asian presence. "As we have previously stated, the sale reflects our strategy to simplify our business and improve capital efficiency". The sale is another key move in its exit from retail banking and greater emphasis on institutional customers in Asia. "Hopefully they can build off this momentum", he said.

Business

Feds fine credit reporting agencies $23M

Credit-reporting agencies TransUnion and Equifax have been ordered by federal regulators to pay about $23 million for their false advertisements that claimed that the credit scores they sell to consumers are the same ones lenders use to make credit decisions.

Business

Possible civilian casualties in Mosul air strike: Pentagon

Coalition air support has been a major asset that has enabled Iraqi advances on the ground. Two elite Iraqi units linked up in Mosul on Saturday and will form a joint front to advance westward against the Islamic State group, officers said.

Business

Stocks slip on Wall Street toward the end of 2016

The S&P 500 financial index dropped 0.7% the worst-performing sector, but has still risen about 20 percent in 2016. At 9:36 a.m. ET (1436 GMT), the Dow Jones was up 29.42 points, or 0.15 per cent, at 19 ,963.23. Copper for March delivery yielded 1.25 cents, at United States $ 2.49 per pound. The cyclical rotation that led the market since the summer and accelerated following the US election has slowed recently with Defensives outperforming and overall market gains stalling.

Business

Donald Trump's Monday evening tweets defend his foundation and blast the media

President-elect Donald Trump will dissolve the Donald J. Trump Foundation amid efforts to eliminate any conflicts of interest before he takes office next month. A tax return of 2015 posted on Guidestar, a nonprofit monitoring website shows the Trump Foundation admitting that it used some assets and money in violation of the IRS regulations.

Business

Send donations to Goodwill in your leftover Amazon box

All boxes are routed to a local Goodwill where the donated items are sorted and sold. Once the box is packed, go to your computer and type in givebackbox.com. A shipping label will be automatically generated. When you ship your boxes, they will go to the nearest participating Goodwill store in your community instead of a Goodwill distribution center that could be miles or another state away.

Business

Oil Prices Drop from Larger US Reserves and More Libyan Offer

Oil prices have declined following an unexpected increase in United States crude stocks last week and Libya's initiative to improve output over the next few months. The Energy Information Administration ( EIA ) Petroleum Status Report, containing data of the previous week ending Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the USA, both locally and overseas.

Business

Yahoo hack: Should I panic?

The massive data breach actually happened in August 2013 but was just revealed by the company. The two companies may also agree to extend the close of the deal to allow for more time for information to come in on the impact of the breaches, Gordon suggested.

Business

BA cabin crew strike

Meanwhile, British Airways cabin crew say they are set to strike because their pay deal does not reflect what was promised in their job descriptions. Speaking to Sky News, Unite's general secretary, Len McCluskey, defended both strikes . The news follows an announcement yesterday afternoon that 1,500 workers for contractor Swissport at 18 United Kingdom airports, including Bristol, are involved in the action, which is planned for December 23 and 24.

Business

Stocks fall after Fed rate hike, dollar and bond yields jump

Despite that sluggish performance, the Federal Open Markets Committee is forecasting three rate hikes next year, up from the two it had predicted in September, and is considering raising rates more quickly than previously anticipated. The Fed's views will give some support to this prevailing thesis. "I believe my predecessor and I called for fiscal stimulus when the unemployment rate was substantially higher than it is now", she said.

Business

CIBC Asset Management Inc Sells 11625 Shares of General Motors Co. (GM)

A number of other hedge funds have also modified their holdings of GM. For the quarter, the stock has changed 7.57%. Commerzbank Aktiengesellschaft FI increased its position in shares of General Motors by 31.9% in the second quarter. TRADEMARK VIOLATION WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another website, it was illegally copied and republished in violation of US and worldwide ...

Business

Fewer Teens Drink or Use Illegal Drugs Now

Also, only 1.8 percent of high school seniors said they smoked half a pack of cigarettes or more a day. With marijuana increasingly legal in the USA for both medical and recreational use, the survey found that 38.3 percent of 12th graders in states with medical marijuana laws reported using marijuana in the past year.

Business

McConnell: Repealing Obamacare 'first item up in the new year'

Americans deserve affordable coverage that works. "The Administration's goal will be to create a patient-centered healthcare system that promotes choice, quality and affordability with health insurance and healthcare, and take any needed action to alleviate the burdens imposed on American families and businesses by the law".

Business

Asian shares meander as ECB-inspired rally fades

Draghi also outlined the bank's inflation forecasts over the next three years with ECB members keeping their estimate for consumer prices to grow this year by 0.2 percent. The Fed is widely expected to raise its key interest rate for the first time this year - a sign that the central bank thinks the US economy is improving.

Business

Really worthy Stock of Friday: Chesapeake Energy Corporation's ( CHK )

Market capitalization is the total market value of all of a company's outstanding shares. TRADEMARK VIOLATION NOTICE: "Chesapeake Energy Corp". Chesapeake Energy Corporation went up 3.92% during trading on 12/05/2016, reaching at $7.51.

Business

Carrier announces price increase after Trump deal

Less than a week after Carrier and President-elect Donald Trump announced their deal to keep over 700 jobs in IN, the company announced that it will be raising its prices. Sixty-two percent of voters say it's acceptable for the president and vice president to give tax breaks or other incentives to companies to keep jobs in the country.

Business

Amazon Announces Grocery Stores without Cashiers

It's the question being asked by an advertisement for Amazon's newest concept, Amazon Go Walk Out Technology. "With our Just Walk Out Shopping experience, simply use the Amazon Go app to enter the store , take the products you want, and go!" It was not immediately clear whether Amazon will expand this model with more physical stores or offer the technology to other retailers.

Business

Red Kettle Campaign runs through December

N.in Simcoe as soon as possible. And according to Rotorua Salvation Army Lieutenant Ralph Overbye, it's help that's needed. "The bell ringers are so important to the Red Kettle Campaign because it helps us support our programs at Christmas and throughout the year".

Business

Saudi at loggerheads with Iran, Iraq ahead of OPEC meeting

These reports of Iran's latest position on OPEC actions sent oil prices plummeting, and as of 11:25 AM (EST), the WTI Crude was down 3.74 percent at US$45.32, while Brent Crude was trading down 3.75 percent at US$46.43. Prices on Monday rallied 2.2 per cent after Iraq's oil minister said he was optimistic a deal would be reached. The move also indicates there isn't much optimism going into the meeting over whether the cartel can reach a deal to limit output.

Business

Grey Cup: Tailgating in Toronto getting mixed reviews

He three three touchdown passes and ran in two more for Ottawa after leaving the field during warmups with what appeared to be a knee injury. The most outstanding Canadian award went to receiver Brad Sinopoli who had six receptions for 94 yards and a touchdown.

Business

Fiat heir Lapo Elkann faked own kidnapping after male escort cocaine binge

One of Italy's most celebrated playboys has been arrested in NY after allegedly faking his own kidnapping following a two-day drugs and alcohol bender. The New York police Department told The Daily Beast that Elkann flew into New York on Thursday and got in touch with a 29-year old male escort.

Business

Striking workers to demonstrate at Denver airport

The group gathered around 6 a.m.in front of a McDonald's in South Memphis. "The rise in the cost of labor under a $15 minimum wage would result in substantial job loss, with significant variation across industries and cities", the authors write.