CategoryFinance

'Sticker shock' for Harvey victims: Used-car prices at record high

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A car dealership is covered by Hurricane Harvey floodwaters near Houston, Texas August 29, 2017 Used-car prices hit a record high in the second quarter, creating a hurdle for victims of Hurricane Harvey who need a replacement vehicle Car owners in southeast Texas will be shopping for replacements at a time when used vehicles are commanding strong prices, potentially leaving storm victims and...

Statoil says oilfield deal with Rosneft complies with sanctions

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Norwegian oil company's Statoil logo is seen at their headquarters in Fornebu, Norway, June 1, 2017 OSLO (Reuters) - Norway's Statoil (STLOL) said on Thursday its cooperation with Russia's Rosneft (ROSNMM) in developing the onshore North Komsomolskoye oilfield was compliant with European Union and US sanctions imposed on Russia over the conflict in Ukraine Statoil confirmed plans to take a 33...

Court challenge delays vote on CBS' Australian TV station buyout

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SYDNEY (Reuters) - CBS Corp's buyout of struggling Australian broadcaster Ten Network Holdings Ltd will be delayed at least a week, after a court on Thursday said it would pause the deal to hear a challenge by a rival bidder The decision opens a new front in a battle between CBS and a consortium led by Lachlan Murdoch, co-chair of News Corp , over Australia's third-ranked free-to-air TV station...

Asian shares rise after U.S. debt ceiling deal, euro braces for ECB

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Trump forged a surprising deal with Democrats in Congress to raise the US debt limit and provide government funding until Dec 15, embracing his political adversaries and blindsiding fellow Republicans in a rare bipartisan accord "The deadline on the debt ceiling has been extended just by three months so it will come back to haunt markets again later this year Still, geopolitical tensions over...

Seeking home's comforts, Rohingya couple make deadly choice

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BANDARBAN, Bangladesh (AP) -- The young Rohingya couple fleeing violence in Myanmar had escaped with their family to nearby Bangladesh, where they spent days living in a hastily built shelter on a muddy hill a man shouts in a cellphone video as a cousin carries Jarullah's body, blood from the corpse pouring down his back Ullah said he couldn't bear the thought of leaving his loved ones behind...

Korn/Ferry beats Street 1Q forecasts

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LOS ANGELES (AP) _ Korn/Ferry International (KFY) on Wednesday reported fiscal first-quarter earnings of $29 million The Los Angeles-based company said it had profit of 51 cents per share Earnings, adjusted for one-time gains and costs, came to 55 cents per share The results beat Wall Street expectations The average estimate of four analysts surveyed by Zacks Investment Research was for earnings...

Fed Sees Limited Wage Pressures in Tight Labor Market

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Sep06 -- Fed's Stanley Fischer has resigned effective in mid-October, giving President Trump scope to start reshaping the leadership of the US central bank sooner than expected
Bank of America Merrill Lynch Head of Global Economics Research Ethan Harris weighs in on "Bloomberg Daybreak: Asia"
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Putin urges North Korea talks, says sanctions not working

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Moon had urged Moscow to support stronger sanctions against North Korea, which conducted its sixth nuclear test on Sunday in what it claimed was a detonation of a thermonuclear weapon built for missiles capable of reaching the US mainland "We should not give in to emotions and push Pyongyang into a corner," Putin said in a news conference after the meeting, held on the sidelines of a conference...

U.S. House unanimously approves sweeping self-driving car measure

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Representative Doris Matsui said the bill "puts us on a path towards innovation which, up until recently, seemed unimaginable" But one consumer group said the House bill did not do enough to ensure self-driving cars would be safe States could still set rules on registration, licensing, liability, insurance and safety inspections, but not performance standards One sticking point is how to handle...

The Latest: Youngest Manson follower granted parole again

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(AP) -- The Latest on a parole hearing for former "Manson Family" member Leslie Van Houten (all times local): Leslie Van Houten, the youngest of Charles Mason's murderous followers, has been granted parole by a California board Jerry Brown now has a 120-day period to affirm, reverse or take no action on the decision Over two nights in August 1969, Manson's ragtag band of followers killed seven...

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