• Senior HSBC executive held on wire fraud conspiracy charges
Senior HSBC executive held on wire fraud conspiracy charges

When Scott told Johnson the client was still going ahead with the full transaction despite the spiking price, Johnson said "Ohhhh, f***ing Christmas", according to the complaint. Authorities say the men generated $8 million from a single 2011 transaction, some of it illegally. The charges were announced a day after the Federal Reserve Board said ...

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  • Enbridge to pay $61M penalty for 2010 Michigan oil spill
Enbridge to pay $61M penalty for 2010 Michigan oil spill

The remainder of the settlement, about $ 110 million , is to go toward additional preventative measures on the company's other pipelines. The penalty is the largest ever for a pipeline spill under the Clean Water Act. "The learnings from our experience have made us a better company and the way we think about safety has changed", said Monaco. "W...

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  • Polls suggest challenger Smith has little chance of removing Labour leader Corbyn
Polls suggest challenger Smith has little chance of removing Labour leader Corbyn

The Labour parliamentary party might be "self-destructing" under the leadership of Jeremy Corbyn, but his popularity among grassroots members is growing, according to the latest YouGov poll. However, in order to have a vote supporters only have until 5pm today to cough up £25 to join the party as a registered supporter . If that wasn't enough ...

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  • Burlington Stores shares jump after second quarter guidance increase
Burlington Stores shares jump after second quarter guidance increase

Following the transaction, the chief executive officer now owns 708,363 shares in the company, valued at $40,900,879.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Shares of Burlington Stores (NYSE:BURL) traded down 0.27% during trading on Wednesday, reaching $74.37. Analysts are l...

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  • Roger Ailes apparently on way out at Fox News
Roger Ailes apparently on way out at Fox News

Mr. Ailes started Fox News at the behest of Mr. Murdoch, creating an alternative to more liberal competitors. Roger Ailes has denied all claims of assault since they've come out. "Oh boy, I have better details than that, from every woman who has ever been employed by Fox, which I have not". When asked if Ailes wanted to stay at Fox News, she sa...

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  • Unilever to Buy Men's Grooming Business Dollar Shave Club
Unilever to Buy Men's Grooming Business Dollar Shave Club

No financial terms were disclosed, but multiple sources told Fortune that Unilever paid $1B in cash for the business. Mike Dubin, Dollar Shave Club's founder and chief executive, will retain the top job at the company. It is behind some of the most popular personal care brands like Axe, Dove, and Pond's. Dollar Shave Club is an innovative and...

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  • Wimbledon Finals Odds: Murray, Williams Betting Favorites at All-England Club
Wimbledon Finals Odds: Murray, Williams Betting Favorites at All-England Club

Djokovic, who beat Murray in the Australian and French Open finals this year, was knocked out in the third round of Wimbledon, his earliest exit at a major in seven years. Both players committed 2 double faults apiece during the penultimate set. Murray had beaten Berdych in their last four encounters but this was, in truth, a pretty one-sided...

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  • NFDA welcomes 0.5% interest rate hold
NFDA welcomes 0.5% interest rate hold

The decision was somewhat a surprise — most economists had expected the central bank to cut its main interest rate from the record low of 0.5 percent to shore up the economy, which appears to have taken a hit since the June 23 vote to leave the EU.

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  • Trump triumphs as GOP nominee, completing stunning climb
Trump triumphs as GOP nominee, completing stunning climb

While it was Trump's night, Clinton was frequently the focus. Delegates cheered repeatedly at Christie's attacks on Clinton, chanting " Lock her up ". Trump's address. The crowd gathered in the cavernous convention hall reflected the growing dissatisfaction among some Republicans with party elites.

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  • Netflix Blames Press, Not Hikes, For Lower Subscribers
Netflix Blames Press, Not Hikes, For Lower Subscribers

Netflix had a huge miss in United States subscriber growth for the second quarter, and chalked up the poor results to a misunderstanding over a recent price hike. Netflix's chief executive Reed Hastings blamed the company's recent price hike for its drop in membership, claiming that some subscribers may have been confused by the press coverage of ...

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  • Irani Says She Tried to Improve Education in Last two Years
Irani Says She Tried to Improve Education in Last two Years

Irani earned the tag "Aunty National" - a jibe at her intervention in educational institutions in the name of promoting "nationalism". Mr. Javadekar said if children were encouraged to be inquisitive, innovation would follow as the status quo would be challenged and there would be transformation.

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  • Crane Collapses On Tappan Zee Bridge In New York, Injuring 5
Crane Collapses On Tappan Zee Bridge In New York, Injuring 5

Six out of seven lanes on the Tappan Zee Bridge have been reopened to traffic ahead of schedule. "It's a miracle that the boom fell across six lanes of traffic, cars that are doing 60 to 70 miles an hour, and not one auto was hit by the boom", engineering labor representative Jeff Loughlin said .

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  • United 2Q profit falls 51 percent, revenue down too
United 2Q profit falls 51 percent, revenue down too

CEO Oscar Munoz said the company made significant progress this quarter, fueled by employees' passion and dedication for running a good airline. United Airlines' second-quarter profit dropped 51 percent as revenue fell due to lower average fares, which are expected to persist through the rest of the summer.

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  • Secret Iran nuke docs allow Iran to get bomb in few years
Secret Iran nuke docs allow Iran to get bomb in few years

The U.S. State Department denied that a "secret document" in the Iran nuclear deal will enable the Islamic Republic to develop nuclear weapons in just over 10 years. "The deal has been finalized, the money has already been transferred to the accounts of the Iranian Atomic Energy Organization", he said. Zarif said the addendum to the nuclear deal ...

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  • Fox News, Ailes in negotiations over his exit
Fox News, Ailes in negotiations over his exit

Several of his longtime employees, speaking on condition of anonymity, said they expected Ailes would depart within days - a stunning and ignoble end to a twenty year career creating and leading the Fox News Channel. According to the separation agreement between Ailes and Fox News , tweeted and later deleted by The Drudge Report , Ailes could ...

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  • Stocks slip in early trading; Netflix shares dive
Stocks slip in early trading; Netflix shares dive

In deal news, Japan's SoftBank Group's $32 billion deal to buy British chip designer ARM Holdings (ARM.L) briefly lifted European equities to a three-week high. Meanwhile, an ounce of gold is now trading at $1,131.30, up $2 from the previous session's close of $1,329.30. Goldman Sachs GS.N dropped 1.3 percent, with most of its businesses re...

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  • Trump seeks $10M from former staffer over nondisclosure agreement
Trump seeks $10M from former staffer over nondisclosure agreement

Both the allegation and the arbitration claim became public in a filing by Nunberg this week in a NY court. "The legal dispute reflects Trump's efforts to aggressively protect the secrecy of his campaign's inner workings". In Nunberg's affidavit obtained by CNN, Nunberg says he did not provide the New York Post with any information concerning...

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  • Tesla Motors: Global sales rose in latest quarter
Tesla Motors: Global sales rose in latest quarter

The Palo Alto-headquartered company even boosted its production by manufacturing 18,345 vehicles just to meet the expected figure, as per CNET . United States electric carmaker Tesla has said it will fall short of its annual shipment targets, sparking worries about its production capabilities.

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  • Nice Terror Attack Aftermath: Truck Driver Mohamed Lahouaiej Bouhlel's Death Site Vandalized
Nice Terror Attack Aftermath: Truck Driver Mohamed Lahouaiej Bouhlel's Death Site Vandalized

Meanwhile, three of six people detained in connection with the attack were brought to the French intelligence headquarters in Paris on Monday to face eventual terrorism charges. It said the families had been notified and that the ministry expressed its solidarity "to the family and friends of the victims of the barbarous attack".

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  • After failed coup, Turkey's central bank cuts rates again
After failed coup, Turkey's central bank cuts rates again

He said: 'It's by no means business as usual in the property market but for rates to remain unchanged suggests the Bank of England believes there is no reason to panic. Moreover, the tight monetary policy stance, the cautious macroprudential policies and the effective use of the policy instruments laid out in the road map published in August 2015 h...

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