Category Archives: business

Hillary Clinton’s lack of Wall Street backers

She lives in the shadow of Wall Street and spent 8 years as a U.S. senator from New York, representing the financial industry’s interests in Washington. So she must have a long list of Wall Street cronies eager to help push her into the White House—and seek favors in return Continue reading

Chevron extends job cuts to global trading desks

NEW YORK (NEWS.GNOM.ES) – Chevron Corp is cutting staff on its global energy trading desks this week, sources said on Thursday, making it the latest division to face reductions as part of a $3 billion cost-saving plan brought on by low crude oil prices. Continue reading

Asia stocks shine as Fed minutes confirm no urgency to tighten policy

By Lisa Twaronite By Lisa Twaronite TOKYO (NEWS.GNOM.ES) – Asian shares rose on Friday, taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve’s latest meeting led investors to further pare bets that the central bank will hike interest rates this year. Oil prices climbed to their highest in three months on Thursday, after forecaster PIRA Energy Group predicted crude prices would rise to $70 per barrel by the end of 2016 Continue reading

South Carolina city to pay $6.5 million over police shooting of black man

(Reuters) – Officials in North Charleston, South Carolina, have reached a $6.5 million settlement with the family of Walter Scott, the unarmed black man whom a bystander video tapped being shot in the back by a white police officer, the Washington Post reported on Thursday. The newspaper cited the Scott family. Scott was shot in March after fleeing a traffic stop Continue reading

Ben Carson: Holocaust could have been avoided if Jews were armed

By KATHERINE FAULDERS Republican candidate Ben Carson continued his controversial remarks about guns Thursday — suggesting in a new interview that the Jews may have been able to diminish the likelihood of the Holocaust if they were armed. Continue reading

France train attack hero Stone stabbed in California

By Sharon Bernstein By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – U.S Continue reading

John Boehner stuck in limbo as speaker after Kevin McCarthy withdraws bid

The same ultraconservative lawmakers who forced Speaker John Boehner, R-Ohio, to move up his planned resignation are now keeping him in a cruel congressional purgatory with no departure date in sight as his assumed successor dropped his speakership bid with no clear next-in-line. Current House Majority Leader Kevin McCarthy, R-Calif., who was being groomed as Boehner’s replacement, sent shockwaves through Washington Thursday when he announced he would no longer seek the job. His withdrawal from consideration came just as a closed-door Republicans-only test vote for speaker was scheduled to begin. Continue reading

Al Franken working on book about his years in Washington

House Minority Leader Nancy Pelosi of Calif., left, Sen. Continue reading

Americans jump out to another lead in Presidents Cup

By DOUG FERGUSON, AP Golf Writer INCHEON, South Korea (AP) — The Presidents Cup wasn’t an hour old when Nick Price looked at the scoreboard and had that sinking feeling. It was filled with American red Continue reading

Shake Shack shares fall as early investors get chance to cash out

(NEWS.GNOM.ES) – Burger chain Shake Shack Inc’s shares fell as much as 11.3 percent on Thursday after the company said it would convert about 21 million of its Class B shares into Class A shares, allowing pre-IPO investors to cash out. The investors, including top shareholder Leonard Green & Partners LP, Select Equity Group LP and founder Daniel Meyer, would be able to sell nearly all of their stakes. All holders of the company’s Class B shares will be able to sell their holdings after the conversion, according to a regulatory filing on Thursday. Continue reading