Money
RBS settles RMBS suit with FHFA for US$5.5bn
Royal Bank of Scotland Group plc (LON: RBS ) has agreed a US$5.5bn settlement with USA regulators over the mis-selling of residential mortgage-backed securities. Previous year it paid £846 million to settle two claims brought by the National Credit Union Administration Board. Accordingly, it has been widely expected to take the biggest hit from the DoJ when the agency eventually gets around t... [Full Article...]
After alleged data breach of personal info, Reliance Jio investigates
It said that data on the "Magicapk" website appeared to be "unauthentic". The website MediaNama has claimed that, in addition to the aforementioned personal details, the leak has also disclosed the Aadhaar numbers of Jio customers. "The detained person has been kept under vigil within the additional SP office premises and we are waiting for Navi Mumbai police team to reach here so that he ca... [Full Article...]
The Coca-Cola Company (NYSE:KO) Slips -0.43% Pre-Market Trade
Coca Cola Co now has $189.57 billion valuation. The stock declined 0.43% or $0.19 reaching $44.14 per share. Investors sentiment decreased to 1.13 in Q4 2016. 87,800 shares were sold by SMITH BRIAN JOHN, worth $3.81 million. Pepsi easily beat analyst revenue and earnings expectations, but there is more than meets the eye in the results, and it could be a negative for Coca-Cola shares. [Full Article...]
Apple starts accepting PayPal as payment method
PayPal support is initially rolling out in Canada and Mexico, with other countries - including the United States - promised "soon after". To check or change your payment settings on your computer, launch iTunes, click the Store tab, and then click Account. [Full Article...]
Gymboree to close two locations in New Hampshire
Three Gymboree stores in SC were listed among the hundreds the struggling children's clothing retailer will close as part of its court-supervised restructuring in bankruptcy. It also will have two insane 8 stores left: South County Center and St. Clair Square. Gymboree filed for bankruptcy protection in June. "Right-sizing our store footprint is a central part of our efforts to ensure Gymboree... [Full Article...]
Priyanka Chopra bags her third Hollywood project; To play a Yoga ambassador!
The movie is now under production, and is being shot in and around New York City. Priyanka has uploaded a small video on her Instagram page from the set of the movie where she can be seen pampering and caressing her dog lovingly. Besides that, Rebel Wilson plays the role of a New York City architect, Hemsworth as a handsome client named Blake, and Rebel Wilson as Josh (Wilson's best friend). [Full Article...]
NY area airport workers delay strike, but threat looms
The workers are alleging unfair labor practices, including low wages, poor working conditions and a general lack of respect from the company. NY air passengers are facing disruption after hundreds of workers at the city's three main airports walked off the job in the midst of a trade dispute. [Full Article...]
White House slams Senate Democrats for obstruction on Trump nominees
But both Republican and Democratic House aides said talks between the two parties were continuing and there was a decent chance for a quick compromise, more so because of the latest revelations about Trump's eldest son. Democrats have mounted filibusters on 90 percent of the president's picks that have reached the Senate floor - much higher than the 10 percent rate that Republicans mounted for Pre... [Full Article...]
UK unemployment drops to 1.49m
Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics , said the recent fall in consumer confidence will also likely make workers even less willing to change roles, decreasing the pressure on employers to offer higher salaries to retain staff. [Full Article...]
August Busch IV arrested for trying to fly helicopter while intoxicated
Former brewery scion August A. Busch IV was held overnight Monday by Swansea police after he attempted to leave an office park in his helicopter while appearing to be intoxicated, authorities said. "We have been in close communications and coordination with the FAA and the St. Clair County State's Attorney's Office", Johnson said in a press release. [Full Article...]
Burberry Expects Lower Forex Hit As First-Quarter Sales Grow
The company was boosted by a strong performance in the mid-China market , with sales up to the mid-teens. Burberry shares surged more than 5% in the opening minutes of trading in London to change hands at 1,659 pence each, trimming their three-month decline to around 1.7%. [Full Article...]
Trump Plans to Nominate Quarles as Fed's Top Banking Regulator
He previously served as the under secretary of the Treasury during George W. Bush's administration. Quarles had been rumored for several months as a candidate for the position at the Federal Reserve board , which has been operating with only four of its seven posts now filled. [Full Article...]
BJP Demands Mamata Banerjee's resignation as Chief Minister over West Bengal turmoil
Pulling up the Centre for its failure to provide security, West Bengal Chief Minister Mamata Banerjee today blamed the union government for Monday's attack on Amarnath pilgrims in Kashmir. "The state government is supporting those who are spreading communalism". "They are stopping peace lovers and not those fomenting riots ", he alleged and said "instead of controlling riots, the chief mini... [Full Article...]
Krispy Kreme celebrates 80 years with 80 cent dozen
To that end, Krispy Kreme is celebrating its 80th anniversary on Friday, July 14 by selling a dozen of its original glazed doughnuts for just 80 cents. Convenience stores that sell Krispy Kreme doughnuts are not included in the deal. Krispy Kreme is also bringing back its cake batter doughnut, which is filled with yellow cake batter and White Kreme filling with yellow icing and confetti ... [Full Article...]
Twitter taps ex-Goldman Sachs banker Ned Segal as new CFO
Noto will continue to serve as chief operating officer, Twitter said in a regulatory filing . Segal last served as senior vice president of finance for Intuit's small business group. Mr. Noto now will act exclusively as COO, the company said. Twitter is scheduled to report financial results for the second quarter of 2017 on July 27 before market open. [Full Article...]
WTI, Brent crude oil futures settle higher
The agency also cut its 2018 price forecast for West Texas Intermediate crude, the USA benchmark, to $49.58 from last month's estimate of $53.61. Industry group the American Petroleum Institute is due to release its weekly report at 4:30PM ET (2030GMT) later on Tuesday. [Full Article...]
Donnarumma agrees extended deal with AC Milan
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He won a first Italy cap in September past year, becoming his country's youngest goalkeeper, and was part of the U21 squad at this summer's European Championships. His previous deal had been due to expire in 2018 and he had announced last month that he would not sign an extension, to the enormous disappointment of the club's board. [Full Article...]
Kim Kardashian Drags Twitter User That Suggested She Was "Caught With Cocaine"
However Kim was quick to deny any rumuors that the substance may have been drugs - instead telling fans it was powdered sugar. On her response, the mother of two wrote on Twitter , "That's sugar from our candy mess from Dylan's candy shop". [Full Article...]
Volvo reveals Polestar tuned 421bhp XC60
It comprises of a 2.0-litre turbo and supercharged four-cylinder, paired with an electric motor system. The XC60 Polestar T8 now delivers 421 HP, which at first doesn't sound like much, till you consider that it's the Swedes and all that power will be delivered safely to you on a soft, cushiony cloud of warm, white tyre smoke. [Full Article...]
Seattle Approves Rich-Only Income Tax
City officials estimate it will generate about $140 million a year. By a vote of 9-0, the council approved an income tax that only applies to wealthy residents, with the 2.25% tax starting at income above $250,000 for individuals and above $500,000 for married couples filing joint returns, the Seattle Times reports . [Full Article...]