• PM Narendra Modi introduces new ministers in Lok Sabha
PM Narendra Modi introduces new ministers in Lok Sabha

Coming to first day of Parliament's monsoon session, newly elected Rajyasabha (RS) MPs like Nirmala Sitaraman, Piyush Goel, Kapil Sibal, among others have taken oath as RS members. He said, party will support any bill which will be in the interest of nation, people and growth. The two ministers discussed all points to bring Congress on board on...

Read more

  • SoftBank to Buy U.K. Chip Designer ARM Holdings for $32 Billion
SoftBank to Buy U.K. Chip Designer ARM Holdings for $32 Billion

According to Mr. Son: "ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the 'Internet of Things.This is one of the most important acquisitions we have ever made, and I expect ARM to be a key pillar of SoftBank's growth strategy going forward".

Read more

  • Iwakuma, Cano help Mariners beat Astros 1-0
Iwakuma, Cano help Mariners beat Astros 1-0

Sabathia (5-7) allowed five runs, four earned, in 5 1/3 innings, giving up five or more runs for the fifth straight start. Iwakuma (10-6) allowed just two hits while striking out eight. "It's been aggravating the last few outings", said Cishek, who has five blown saves and four losses since May 7. The Mariners failed to capitalize on seven walks ...

Read more

  • Did The FTC Ever Actually Say Herbalife Wasn't A Pyramid Scheme?
Did The FTC Ever Actually Say Herbalife Wasn't A Pyramid Scheme?

Herbalife said it had agreed to restructure its US business so that distributors are rewarded for what they sell , not how many people they recruit. Icahn's investment in Herbalife , announced in February 2013, set up a public showdown with fellow billionaire Ackman. The regulator backed up many of Ackman's claims, and described the company's ...

Read more

  • InterOil receives acquisition bid from ExxonMobil
InterOil receives acquisition bid from ExxonMobil

The energy giant's offer values InterOil at $2.5 billion, including debt, beating an earlier bid from Oil Search Ltd. and Total SA. Oil Search has three days under its agreement to submit a revised offer before InterOil's deal with Exxon Mobil can go ahead.

Read more

  • India needs years of strong growth to match China: Raghuram Rajan
India needs years of strong growth to match China: Raghuram Rajan

Responding to a question, the RBI Governor warned against the devaluing Rupee saying that it will actually lead to higher inflation. The Unified Payment Interface (UPI), part of the government's move towards greater financial inclusion, will be functional by the end of this month, Raghuram G Rajan, governor of the Reserve Bank of India, said.

Read more

  • Jamie Dimon: JPMorgan Chase Giving Pay Raises to 18000 Workers
Jamie Dimon: JPMorgan Chase Giving Pay Raises to 18000 Workers

But, after that, JPMorgan corporate and investment bank CEO Daniel Pinto suggested job cuts on Wall Street were nearing an "end of the cycle of contraction". At the start of the year, it was widely expected that there would be two USA rate hikes this year. Revenues totaled $25.21 billion, up from $24.53 billion past year and estimates for $23.84...

Read more

  • Tech giant ARM Holdings subject to £24bn Japanese takeover
Tech giant ARM Holdings subject to £24bn Japanese takeover

This will be the biggest acquisition of a European technology business, for which SoftBank will pay US$22.56 (£17) in cash for each share in the United Kingdom firm, a 43 percent premium on its closing market value of over US$22 billion (£16.8 billion ) last Friday.

Read more

  • Bank of America profits fall 20 percent, hurt by low rates
Bank of America profits fall 20 percent, hurt by low rates

The company earned $20.90 billion during the quarter, compared to analysts' expectations of $20.30 billion. The hedge fund run by Charles Clough held 5.13M shares of the major banks company at the end of 2016Q1, valued at $69.32M, up from 4.57 million at the end of the previous reported quarter.

Read more

  • U.K. Labour Party Rivals Debate Unity in Drive to Unseat Corbyn
U.K. Labour Party Rivals Debate Unity in Drive to Unseat Corbyn

The former shadow Work and Pensions Secretary launched his bid to replace Jeremy Corbyn as the Leader of the Opposition on Sunday morning, after deciding at short notice to postpone the announcement on Friday out of respect for victims of the atrocity in Nice.

Read more

  • United Is Fined $2.25 Million Over 'Chairman's Flight' for Political Operative
United Is Fined $2.25 Million Over 'Chairman's Flight' for Political Operative

The existence of the so-called "chairman's flight" was first reported by The Record . Samson, the former chair of Christie's gubernatorial transition team, left Wolff & Samson last April and has since been mostly out of the public eye. He will be sentenced on October 20, NJ.com reported. "Anyone who knows Jamie knows that he would never jeopardi...

Read more

  • Asia shares steady, Softbank bids $31 billion for ARM
Asia shares steady, Softbank bids $31 billion for ARM

The authorities rounded up almost 3,000 suspected military plotters and the same number of judges and prosecutors after forces loyal to President Tayyip Erdogan crushed the coup, in which at least 290 people were killed. Speaking on a private TV channel, Deputy Prime Minister Şimşek said in the early hours of Monday that he did not expect the coup ...

Read more

  • JPMorgan Chase tellers and branch workers are getting raises
JPMorgan Chase tellers and branch workers are getting raises

The company said it had a profit of $1.55 Earnings per Share for the quarter. The biggest USA bank by assets will lift over the next three years its minimum salary for American bank tellers and customer service representatives from $10.15 an hour to between $12 and $16.50, chief executive Jamie Dimon said in an opinion article in The New York Ti...

Read more

  • Erdogan says Turkey will consider reinstating death penalty
Erdogan says Turkey will consider reinstating death penalty

The facility is a major North Atlantic Treaty Organisation installation hosting US forces that control a stockpile of nuclear weapons. But in a sign that the situation has yet to return completely to normal, security forces and putschists briefly clashed at an air base in the central city of Konya on Sunday.

Read more

  • Children are watching: Hillary Clinton targets Donald Trump in new advertisement
Children are watching: Hillary Clinton targets Donald Trump in new advertisement

Clinton walks away with the win with 41 percent, Trump with 35 percent and then Johnson with 11 percent and Stein with 6 percent. Still, the polls found that while voters appear concerned with Clinton's email practices, they're slightly more un-attracted to a Trump presidency.

Read more

  • At midday: S&P, Dow hit new peaks in JPMorgan-spurred rally
At midday: S&P, Dow hit new peaks in JPMorgan-spurred rally

Alcoa (AA) unofficially kicked off the parade of second-quarter earnings reports after the bell Monday. The Dow Jones industrial average .DJI was last up 148.33 points, or 0.81 percent, at 18,520.45. The Nasdaq rose 29 points, or 0.6 percent, to 5,018. The euro rose to 1.1067 from 1.1058 USA dollars. Southwestern Energy jumped 10 percent, addin...

Read more

  • Oil prices rebound after Bank of England rate decision
Oil prices rebound after Bank of England rate decision

A plunge in consumer confidence as measured by market research firm GfK and evidence of markedly reduced business sentiment offered the backdrop for action sooner rather than later. However, the quicker-than-expected appointment on Wednesday of Theresa May as the UK's new prime minister has helped settle nerves in financial markets.

Read more

  • Erdogan supporters stand guard as crushed coup bid shakes Turkey
Erdogan supporters stand guard as crushed coup bid shakes Turkey

There were also clashes between security forces and rebels at a Turkish air base in the central city of Konya, a Turkish official told the AFP news agency. "They can not escape", the Turkish president said, calling on his supporters to stay in public places and the streets for a week. The official said Turkey's military command had been dealt...

Read more

  • South Korea confirms location for THAAD deployment
South Korea confirms location for THAAD deployment

However, it was unclear if this was over THAAD or in response to Washington naming North Korean leader Kim Jong Un as an individual to be targeted by new sanctions . The Korea Herald said selecting Seongju as the deployment site for the THAAD system could lead to criticism that the location leaves the metropolis around Seoul , home to 20 mi...

Read more

  • Turkey coup: police ordered to shoot down helicopters
Turkey coup: police ordered to shoot down helicopters

Reinstatement would create further issues between the European Union and Ankara in the already stalled membership talks. Prime Minister Binali Yildirim said the perpetrators of Friday's failed coup "will receive every punishment they deserve", and the government said it would take steps toward extraditing a US -based cleric it accused of fome...

Read more