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Attorney in Brooklyn, said in a statement . "In reality, their returns were the result of the overvaluation of their largest assets, which eventually led to Nordlicht and his co-conspirators operating Platinum like a Ponzi scheme , where they used loans and new investor funds to pay off existing investors".
  • Ikea expanding parental leave; crib assembly still your job

    Ikea expanding parental leave; crib assembly still your job

    Business

    In the USA, paid leave after the short-term disability leave can be sparse. Birth, foster and adoptive mothers and fathers will all be able to claim the new program which will come into effect in January, 2017. IKEA recently conducted research into what co-workers thought were the most important aspects of the American Dream. The Family and Medical Leave Act mandates 12 weeks of unpaid maternity leave, but only to full-time workers at companies with over 50 employees.
  • Bernie Sanders Says Trump Was DUPED by Carrier - More to Come

    Business

    Firms should be "forewarned prior to making a very expensive mistake", he said. "Today's announcement is great news for the Hoosier families and workers who will get to keep their jobs - though we are disappointed the company will still ship a good portion of jobs overseas".
  • Bank of England moves to make £5 note vegetarian

    Bank of England moves to make £5 note vegetarian

    Business

    In an official statement , it said: "We are aware of some people's concerns about traces of tallow in our new £5 note". Cumbria-based manufacturer Innovia is working on "potential solutions" after the new five-pound notes were found to contain traces of animal fats, the Bank of England has revealed.
  • US employers add 178K jobs as unemployment sinks to 4

    US employers add 178K jobs as unemployment sinks to 4

    Business

    In total the revisions meant there were 2,000 fewer jobs added this fall than had previously been reported . The 9.3 percent mentioned above is a broad measure of unemployment and underemployment, which includes those who have stopped looking and those in part-time jobs who want full-time positions.
  • Bergdahl to Obama: Pardon me

    Bergdahl to Obama: Pardon me

    Business

    White House and Justice Department officials also said that Bergdahl submitted several copies of a clemency application that were sent to the Pentagon, the Justice Department and the White House immediately after the election. He was the only USA service member known to be held captive there. Bergdahl's lead defense lawyer, Eugene Fidell, declined to comment Saturday. USA military prosecutors have said the 45-day search for Bergdahl after he left his post put soldiers' lives at risk and ...
  • Foster, Venables bring top schemes to ACC title game

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    Louisville, or Clemson vs. Florida State, but I'm not traveling 10 hours to see Virginia Tech play". Or will it be the one that lost to Pittsburgh 43-42 and would have lost to North Carolina State had the Wolfpack not missed a chip-shot field goal as time ran out in regulation? And when Virginia Tech is on defense, this unit has to find a way to pressure Deshaun Watson and disrupt the ability of this offense to hit on big plays.
  • Nusli Wadia sends rejoinder, seeks public apology from Tata Sons

    Nusli Wadia sends rejoinder, seeks public apology from Tata Sons

    Business

    The war of words between Wadia and Tatas started after boards where he was independent director either supported Mistry or took collective responsibility for decisions. He is also on the board of Titan and Voltas and a director and since 2010, the non-executive chairman ofTata Investment Corporation (TIC). Noel Tata, the Managing Director of Tata International, has been a contender for Tata Son's Chairman for quite some time, but reportedly due to his frosty relationship with Ratan Tata ...
  • Why Home Depot Is Doing Better Than Lowe's In 2016

    Why Home Depot Is Doing Better Than Lowe's In 2016

    Business

    Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer's stock worth $32,480,000 after buying an additional 35,306,300 shares in the last quarter. The Home Depot's revenue was up 6.1% compared to the same quarter previous year. The firm earned $23.20 billion during the quarter, compared to the consensus estimate of $23.05 billion.
  • Petition calls for new UK 5-pound bank note to be 'fat

    Petition calls for new UK 5-pound bank note to be 'fat

    Business

    A petition to remove the product from the UK's new five-pound note has gathered over 75,000 signatures in a matter of hours. There are millions of vegetarians and vegans in the United Kingdom who have strict moral objections to eating or using meat or dairy products.
  • Coca-Cola workers in China strike as United States company sells bottling assets

    Coca-Cola workers in China strike as United States company sells bottling assets

    Business

    Conclusions from the analysis of the editorial shall not portray the position of any analysts or financial professionals. Stock monthly performance is recorded as -2.14% while its performance in last one week is 1.00%. Firm weekly performance is -0.65% while year to date (YTD) performance is -0.92%. As per ClosingBell Active Analyst Ratings as of 2016-11-13 a total number of ratings posted were 1 for Coca-Cola Bottling Co.
  • World's oldest living person celebrates 117th birthday

    Business

    Morano started her day with an egg, biscuits and camomile, her doctor Carlo Bava told DPA. Buchanan, C., "Oldest person in the world shares secret to long life - and it's eggs", 12 News Arizona web site, November 27, 2016; http://www.12news.com/news/oldest-person-in-world-shares-secret-to-long-life-and-its-eggs/356226866 , last accessed November 28, 2016.
  • Eurozone business activity speeds up in November

    Eurozone business activity speeds up in November

    Business

    Anything above 50 signals growth, while anything below means a contraction in activity - so the higher the better. Euro zone business expanded at the fastest rate this year in November, thanks to strong activity at manufacturers and a spike in new orders, a new survey showed today.
  • Find out airport wait times before leaving for Thanksgiving

    Business

    The exploding cell phone is no joke. The airport has seen an increase in passengers traveling since June, and expects that to continue as travelers pass through over the holiday weekend. Many will help you find alternate flights and rebookings. OK to fly: Non-flammable liquid, gel or aerosol (must meet size requirements to carry on), e-cigarettes (carry-on only), safety matches (carry-on only), sharp weapons (checked only), food (must meet size requirements to carry on).
  • Cabin crew strike at Lufthansa budget airline Eurowings

    Business

    Around 2,124 out of 3,000 daily flights will take place, Lufthansa said. Pay talks broke down earlier this month. It plans to operate at least nine intercontinental flights Wednesday, it said. Europe's largest airline has fought disputes with pilots, cabin staff and ground crew over the past two years as it tries to cut costs in the face of no-frills competitors in the European Union on one hand and Gulf nations' airlines on the other.
  • Obama to meet Australia, Canada leaders before return to US

    Business

    US President Barack Obama has championed the TPP as a way to counter China's rise, but he has now stopped trying to win congressional approval for the deal signed by 12 economies in the Americas and Asia-Pacific, excluding China. A joint strategic study on the China-backed FTAAP has been completed and the final report with recommendations, will be presented to APEC leaders at the end of this year, according the Chinese state media reports.
  • US officials arrive in Australia to begin assessing asylum seekers

    Business

    Australia has a stiff border policy of intercepting and turning back all boats carrying asylum seekers. The length of detention was also an issue, Mr Crepeau said, with the majority of people held for at least two years. President-elect Donald Trump has raised concerns about Muslim immigration and most of Australia's asylum seekers are Muslims from the Middle East, Africa and Asia.
  • Amplify Snack Brands, Inc. (NYSE:BETR)

    Amplify Snack Brands, Inc. (NYSE:BETR)

    Business

    BlackRock Inc. now owns 7,603 shares of the company's stock worth $112,000 after buying an additional 5,846 shares during the period. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.00 on scale of 1-5.
  • NYC Mulls Deleting Illegal Alien Database to Stop Trump

    NYC Mulls Deleting Illegal Alien Database to Stop Trump

    Business

    Next, De Blasio said that he expressed concerns about Trump's promise to deport millions of undocumented immigrants, saying that it is counterproductive to sow distrust between law enforcement and neighborhoods. NY historically has been a city filled with immigrants. During the campaign de Blasio described the Republican candidate as "dangerous" and unqualified to lead the country.
  • Subaru VIZIV-7 SUV concept debuts at Los Angeles Auto Show

    Subaru VIZIV-7 SUV concept debuts at Los Angeles Auto Show

    Business

    Subaru has since been planning to take advantage of the American love for massive gas guzzlers won't a new, three-row midsize SUV that will debut in 2018, but has made a decision to take advantage of the L.A. So we probably shouldn't expect to see the bold lighting elements, grille details, and fancy tires make it to production. The new SUV will come with three rows of seats for full seven seat capability, and as a concept the VIZIV-7 is all about showing off the dimensions of the new 4x4 ...
  • AFSCME to Gov. Rauner: Don't Dictate, Negotiate

    AFSCME to Gov. Rauner: Don't Dictate, Negotiate

    Business

    At least 19 other unions have already ratified contracts with the state that include provisions similar to those offered to AFSCME. He pointed out while other states like Indiana, Wisconsin, and MI have grown in recent years, IL continues to lose jobs to competitors.
  • Shares stage swift rebound as markets shake off Trump fears

    Shares stage swift rebound as markets shake off Trump fears

    Business

    Many Republicans still say they support the idea of free trade, for example. The 30-year yield rose 38 basis points, posting its biggest weekly jump since 2009 before a US market holiday on Friday. "Rightly or wrongly, markets are going to be concerned about a Trump victory, particularly given the potential consequences for world trade and its impact on many large companies in the US stock market", said Ric Spooner, chief analyst at CMC Markets in Sydney.
  • Ex-Valeant, Philidor execs arrested for fraud, conspiracy

    Ex-Valeant, Philidor execs arrested for fraud, conspiracy

    Business

    Two executives who worked at the secret pharmacy at the heart of the Valeant scandal were arrested on fraud charges on Thursday. Their arrests are part of an ongoing investigation of the scheme, according to Preet Bharara , U.S. The men are alleged to have used the proceeds to buy second homes, pay debts and make investments, and in one case, Davenport spent US$50,000 for the installation of a custom wine cellar, according to the complaint.
  • Marquette church collecting shoe boxes for Operation Christmas Child

    Marquette church collecting shoe boxes for Operation Christmas Child

    Business

    Julie Hinrichs, who's been packing the shoeboxes for the past eight years, was working alongside others at the church Tuesday afternoon, preparing the boxes for shipment. The gifts will then be delivered around the world by the Samaritan's Purse project Operation Christmas Child to children who are living in the midst of poverty, war, disease or natural disaster.
  • Global green energy growth seen weathering Trump storm, for now

    Global green energy growth seen weathering Trump storm, for now

    Business

    Olaf College achieve their renewable energy goals and share their commitment to protecting the environment", Chris Clark, president of Xcel Energy-Minnesota, said in a recent press release. NextEra Energy Resources - NextEra Energy Resources , LLC (together with its affiliated entities, " NextEra Energy Resources "), is a clean energy leader and is one of the largest wholesale generators of electric power in the US, with approximately 18,260 megawatts of generating capacity, which includes ...
  • Wall St. set to open slightly higher as rally loses steam

    Wall St. set to open slightly higher as rally loses steam

    Business

    USA stocks closed mixed on Monday, after the Dow Jones industrial average hit a new all-time high, as investors evaluated the prospects of economic growth following Donald Trump's presidential election win. Fed Governor Daniel Tarullo, Fed Vice Chair Stanley Fischer, and Dallas Fed President Rob Kaplan are also set to speak later on Tuesday. Home Depot sank 2.5 per cent despite posting better-than-expected third-quarter earnings on Tuesday, with the company telling investors it forecasts ...
  • Eurozone GDP steady at 0.3% in third quarter, as expected

    Eurozone GDP steady at 0.3% in third quarter, as expected

    Business

    Eurozone economic growth held steady at 0.3% in the third quarter despite a weaker-than-expected showing from Germany. The quarter-on-quarter economic growth came in line with the consensus expectations. President and the resulting political and economic uncertainties, however, have made an impact". Germany performed rather weaker than Britain, which grew by 0 .5 percent in the last quarter, or the United States and the Netherlands which expanded by 0.7 percent.
  • Sales up but growth slows on China's "Singles Day"

    Business

    According to data records, vendors sold some $14.3 billion worth of good through Alibaba's platforms on the day a year ago, dwarfing the numbers during Cyber Monday and Black Friday shopping sprees. 11) is continuing its breakneck growth this year. Alibaba said on Friday 84 percent of sales in the first two hours were via mobile devices, up from a year ago.
  • Protests Increase As Trump Praises Protesters

    Protests Increase As Trump Praises Protesters

    Business

    Trump's meeting with Obama spanned 90 minutes, longer than originally scheduled. Obama, who vigorously campaigned for his fellow Democrat to succeed him, had repeatedly called Trump unfit for the president's office, while the businessman had often denounced Obama's eight-year tenure as a "disaster".
  • CPEC inaugurates as first Chinese shipment sets sail

    CPEC inaugurates as first Chinese shipment sets sail

    Business

    The premier said the Chinese-funded multi-billion dollar project will play a significant role in improving Pakistan's economy and raising the national standard of living. The corridor passes through the occupied territory of Balochistan and Pakistan-occupied Kashmir. While India opposes the CPEC route through the disputed regions of Pakistan-occupied Kashmir and there is widespread unrest in Gilgit-Baltistan and Baluchistan over the environmentally-destructive construction work ...
  • Oil slips as focus moves from Trump to U.S. oversupply, OPEC

    Business

    The non-OPEC oil supply will stand at 56.20 million barrels per day in 2016, according to OPEC's monthly oil market report (MOMR) released Nov.11. "The oil market - as most other financial markets - appears to dismiss some of Trump's threats to renegotiate the nuclear deal with Iran and make the US independent from OPEC oil imports", said Carsten Menke, commodities analyst at Julius Baer Group Ltd.
  • Mosul Today: UN says IS using thousands as human shields

    Mosul Today: UN says IS using thousands as human shields

    Business

    US military personnel sit in a bunker as an incoming mortar alarm is called at a coalition air base in Qayara, some 50 kilometers south of Mosul, Iraq, Friday, Oct. U.S. Air Force Brig. He says the vehicles were unoccupied and far enough away from the civilians to ensure none were harmed. "A few days or hours separate us from the launch of operations there", Asadi said.
  • Polls open for Election Day voting in Nebraska

    Polls open for Election Day voting in Nebraska

    Business

    Donald Trump has won Texas, North Dakota, South Dakota, Wyoming, Kansas and Nebraska while Hillary Clinton has won New York, Illinois, Vermont, Rhode Island and CT. The race is among the most competitive in the country. The Latest on the US election. The 24-year-old Heywood says she believes execution should be an option for those criminals who commit the most heinous crimes.
  • Woman dies after being thrown in front of NY subway train

    Business

    Police and firefighters swarmed the Times Square station at 42nd Street shortly after 1 p.m. after getting a report of a person pushed in front of a train. One witness said she saw Turner get arrested. Witnesses said she was seen arguing with Ms Watton moments before she allegedly pushed her. She claimed that she pushed the woman onto the tracks, according to the New York Daily News .
  • Duterte cancels rifle procurement from US

    Duterte cancels rifle procurement from US

    Business

    Duterte announced the cancellation in a televised speech Monday, saying he will have no problem in finding a "cheaper source" for the rifles. Reuters reported that US Senator Ben Cardin planned to oppose it over concerns about human rights violations in the country.
  • Polls Show Hillary Clinton Leading Donald Trump in Election's Final Days

    Business

    Trump's best shots appear to be MI, where Clinton and her allies - including President Obama - have scheduled stops during the campaign's closing hours, and Pennsylvania. Reports suggest many more Latino voters are turning out early in battleground states including Florida, Arizona and Nevada compared to past elections.
  • Out West, Clinton paints grim picture of life under Trump

    Business

    Those - plus making sure he doesn't surrender other typically Republican states, and winning the one electoral vote that can come from Maine's Second Congressional District - get Trump to 260 electoral votes. It was Obama's second time in North Carolina in 24 hours. FAYETTEVILLE, N.C. (AP) - President Barack Obama likes to say that historians, not he, will evaluate his legacy with the perspective only hindsight can provide.
  • DHS 'concerned' about cyber-related election confusion

    Business

    In October, the Office of the Director of National Intelligence and the Department of Homeland Security jointly stated that Washington was "confident" the Russian government had directed computer attacks against United States political organizations.
  • Court of Appeal overturns ban on TWU grads practicing law in BC

    Court of Appeal overturns ban on TWU grads practicing law in BC

    Business

    Today, the Appellate Court ruled the Law Society's decision not to accredit TWU law graduates was "unreasonable" because it would limit freedom of religion. "The Law Society will be reviewing the decision and considering next steps". The court sided with Trinity. "TWU's law school would add 60 seats to a total class of about 2,500 places in common law schools in Canada ...