Business news

• Smithfield sees North Carolina meat operations back to normal on Monday

  16-10-2016 23:51 via news.yahoo.com
  
  Smithfield Foods Inc expects to resume full production on Monday at its North Carolina meat operations, including the world's largest pork plant, more than a week Hurricane Matthew struck the U.S. Southeast and triggered widespread flooding in the state. Fitzpatrick said partial operations resumed on Thursday, after being shut down the previous Saturday, as the hurricane tore up the Eastern Seaboard before veering into the Atlantic Ocean off North Carolina. The most powerful Atlantic storm
  
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• Halloween All Year Long: A Ghoulish Glossary for Wall Street

  16-10-2016 23:07 via feeds.foxbusiness.com
  
  This Halloween, nothing can save you from...stock market jargon!
  
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• Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO

  16-10-2016 22:34 via news.yahoo.com
  
  The $12.9 billion sale of India's Essar Oil to a group led by Russia's Rosneft does not run foul of U.S. sanctions imposed against the majority state-owned Russian energy firm, parent Essar Group's CEO said on Sunday. It is the biggest foreign acquisition ever in India and Russia's largest outbound deal. The deal that will give Rosneft , commodities trading house Trafigura and private investment group United Capital Partners a 98 percent stake in Essar's oil arm is "US-sanctions compliant," said
  
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• Surf, suds and stock tips: Millennials find place at Stocktoberfest

  16-10-2016 22:22 via news.yahoo.com
  
  The actress, best known for playing the troubled stepdaughter Kayla Huntington on the hit ABC television show from 2006 to 2008, was one of dozens of millennials who turned up at "Stocktoberfest" at San Diego's landmark Hotel del Coronado this weekend to give and get investment advice. At only 20, however, Fox was too young to be served alcohol. Invited to speak on a panel with portfolio manager and former Yahoo Finance host Jeff Macke, Fox talked about Starbucks, Pokemon and Snapchat.
  
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• Shell faces possible Dutch lawsuit over Nigerian activist's execution

  16-10-2016 21:52 via news.yahoo.com
  
  The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show. Esther Kiobel has filed an application in New York to secure documents from Shell’s U.S. lawyers, which she could use in the Dutch action. The filings with the U.S. District Court for the Southern District Court of New York said she planned
  
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• Windsor auto workers vote on tentative deal with Chrysler

  16-10-2016 21:51 via cbc.ca
  
  Chrysler workers vote today on their tentative agreement with the automaker.
  
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• Good News for American Airlines Investors in Delta's Earnings Report

  16-10-2016 20:50 via feeds.foxbusiness.com
  
  Delta Air Lines expects to achieve strong sequential improvement in unit revenue this quarter -- and the outlook is even brighter for American Airlines.
  
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• 2 Rock-Solid Internet of Things Stocks With P/Es Under 15

  16-10-2016 20:44 via feeds.foxbusiness.com
  
  Juniper Networks and Silver Spring Networks offer exposure to the Internet of Things at reasonable valuations.
  
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• Why You Should Wait to Buy These 3 Stocks

  16-10-2016 20:24 via feeds.foxbusiness.com
  
  Rather than rushing in and buying shares in these companies, investors may be better off sitting on the sidelines.
  
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• ZTO Express eyes largest Chinese company U.S. IPO since Alibaba

  16-10-2016 18:26 via news.yahoo.com
  
  ZTO's IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalize on its growth prospects to lure Western investors, while also avoiding the red tape associated with launching IPOs in mainland China. China is the world's largest express delivery market, with 21 billion parcels delivered in 2015, according to market research firm iResearch, cited in the IPO prospectus of ZTO.
  
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• Goldman Sachs vindicated but bruised in court battle with Libyan fund

  16-10-2016 18:18 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - The outcome of a two-and-a-half-year legal battle between Goldman Sachs and Libya's $67 billion sovereign fund is a triumph for the Wall Street giant, which was vindicated despite embarrassing revelations about how some of its bankers conducted business. The London High Court found in favor of Goldman Sachs on Friday, with Judge Vivien Rose dismissing the fund's arguments, made over the course of a bruising seven-week trial. While the Libyan Investment Autho
  
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• Germany says Tesla should not use 'Autopilot' in advertising

  16-10-2016 15:30 via news.yahoo.com
  
  German Transport Minister Alexander Dobrindt has asked Tesla to stop advertising its electric vehicles as having an Autopilot function, as this might suggest drivers' attention is not needed, his ministry said on Sunday. A spokeswoman for the ministry, confirming a report in the daily Bild am Sonntag (BamS), said the Federal Motor Transport Authority (KBA) had written to Tesla to make the request. "It can be confirmed that a letter to Tesla exists with the request to no longer use the misleading
  
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• Samsung's sour Note and scams by text: The Marketplace consumer cheat sheet

  16-10-2016 15:00 via cbc.ca
  
  Have you had a busy week? Don't worry. CBC's Marketplace rounds up the consumer and health news you need.
  
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• Better beer through co-operation is philosophy of Nova Scotia craft brewers

  16-10-2016 14:00 via cbc.ca
  
  The burgeoning craft beer industry in Nova Scotia sees co-operation — not competition — as the key to success.
  
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• Watchdog says about 15 Swiss banks in money laundering 'red zone': SonntagsZeitung

  16-10-2016 13:08 via news.yahoo.com
  
  Roughly 15 Swiss banks are in a "red zone" of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday. Swiss federal prosecutors last week said that they have opened criminal proceedings against Zurich-based Falcon Private Bank for alleged failure to prevent suspected money laundering linked to Malaysia's scandal-tainted 1MDB fund. Falcon is the second Swiss bank, after BSI, to face a criminal investigatio
  
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• Oil majors experiment with technology to weather crisis

  16-10-2016 12:58 via news.yahoo.com
  
  By Karolin Schaps and Jessica Jaganathan LONDON/OSLO (Reuters) - Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn. For example, simply finding a more efficient route for the oil pipeline that would carry the crude from the Sverdrup field to the onshore refinery cut 1 billion crowns, Statoil said.
  
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• ExoMars Arrival And Landing Live Stream: ESA-Roscosmos Spacecraft Approaches The Red Planet

  16-10-2016 12:16 via ibtimes.com
  
  ExoMars — a spacecraft sent to Mars as part of the first phase of a joint mission by the European Space Agency and Russia’s Roscosmos — is just days away from the red planet. The spacecraft, which consists of the Trace Gas Orbiter (TGO) and the Schiaparelli entry, descent and landing demonstrator, will enter into orbit around the red planet on Wednesday after a seven-month journey.
  However, the lander's journey begins much sooner. At 10:42 a.m. EDT on Sunday, it will separ
  
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• Clinton WikiLeaks Update: Leaked Emails Show Hillary Told Climate Change Activists To ‘Get A Life’

  16-10-2016 11:58 via ibtimes.com
  
  At a meeting with environmentalists last year in which they probed Democratic U.S. presidential candidate Hillary Clinton on renouncing fossil fuels, the former secretary of state dismissed the activists saying they should “get a life.” The revelation came about when WikiLeaks dumped more emails from the accounts of Clinton aide John Podesta on Saturday.
  
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• Saudi Replaces Iraq Envoy Who Riled Shiite Militias

  16-10-2016 11:24 via ibtimes.com
  
  Saudi Arabia on Sunday replaced its envoy to Iraq whose comments about Iranian involvement in Iraqi affairs led to diplomatic tension with Baghdad.
  Thamer al-Sabhan in 2015 became the first Saudi ambassador to be posted to Iraq since the 1990 Iraqi invasion of Kuwait - an appointment which was seen as heralding closer cooperation in the fight against Islamic State militants in Iraq, Syria and Saudi Arabia.
  
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• ‘Suits’ Season 6 Star Patrick J. Adams Ends His Weeklong Bachelor Party With A Sound Bath In Integratron [PHOTOS]

  16-10-2016 11:12 via ibtimes.com
  
  “Suits” actor Patrick J. Adams visited the Integratron with a group of male friends as part of his weeklong bachelor road trip.
  “Last stop before home. Sound bath in the Integratron,” Adams captioned an Instagram photo of him and his buddies with the Integratron serving as their background.
  The 35-year-old actor also tagged his fiancée Troian Bellisario in his post, writing: “@sleepinthegardn I’m coming straight back to you. #manfestofdestiny.”
  
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• Quantum Computing With Diamonds: Researchers Create A Single-Chip Quantum ‘Bridge’

  16-10-2016 11:06 via ibtimes.com
  
  The race to build a scalable and viable quantum computer is driven by the thirst to create an extremely fast and powerful device — one that would make today’s computers look like old, doddering abacuses by comparison.
  Consider this, then — if one quantum computer can be orders of magnitude more powerful than its conventional counterpart, what can a series of interconnected quantum computers achieve?
  
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• Netflix hammers cross-border watchers and there may be no way out

  16-10-2016 11:00 via cbc.ca
  
  Netflix may be emerging the victor in its declared war on virtual border hoppers. That's because some unblocking companies that helped customers hop Netflix's borders now appear to be in retreat.
  
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• North Korea’s Ballistic Missile Launch Unsuccessful, Pentagon Says

  16-10-2016 10:09 via ibtimes.com
  
  U.S. Strategic Command's systems detected a failed North Korean intermediate ballistic missile launch, the Pentagon said Saturday. The launch allegedly occurred near the northwestern city of Kusong.
  “We strongly condemn this and North Korea’s other recent missile tests, which violate U.N. Security Council resolutions explicitly prohibiting North Korea’s launches using ballistic missile technology,” Pentagon spokesman Gary Ross reportedly said.
  
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• Greece's lenders to launch new review as Athens digs in on debt relief

  16-10-2016 10:06 via news.yahoo.com
  
  By Michele Kambas and Lefteris Papadimas ATHENS (Reuters) - Greece and its creditors start a fresh round of talks this week on reforming its labor market, a tricky task for a leftist government sliding in opinion polls but needed if the recession-hit state can ever win debt relief. Prime Minister Alexis Tsipras was re-elected a year ago promising to fight to revive collective bargaining and resist reforms that may lower the minimum wage. Some opinion polls show Tsipras trailing opposition conser
  
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• NATO, Russia Overshadow Montenegro Vote

  16-10-2016 09:38 via ibtimes.com
  
  Montenegro's ruling party faced a tough test in national elections on Sunday, hoping its promise to bring the country into NATO and closer to the European Union will outweigh opposition allegations of corruption.
  Prime Minister Milo Djukanovic, 54, has presented the vote as a choice between continuing Western integration under his Democratic Party of Socialists or being reduced to a "Russian colony" under the opposition.
  
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• Shenzhou-11 Launch: China’s Manned Spacecraft To Lift Off Monday

  16-10-2016 08:25 via ibtimes.com
  
  In a crucial step toward advancing its ambitious space program, China will, on Monday, launch two astronauts aboard the Shenzhou-11 spacecraft that will dock with the Tiangong-2 — the country’s orbiting space lab launched last month.
  The launch will take place at 7:30 a.m. local time (7:30 p.m. EDT Sunday) from the Jiuquan Satellite Launch Center in the Gobi Desert. The Shenzhou-11 will be carried on board a Long March-2F carrier rocket.
  
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• Presidential Debate 2016: Trump Calls For Drug Test Before Final Face-Off, Claims Clinton ‘Pumped Up’ With Drugs

  16-10-2016 08:03 via ibtimes.com
  
  Republican U.S. presidential candidate Donald Trump alleged Saturday that his Democratic rival Hillary Clinton was “pumped up” with drugs for the second presidential debate, adding both candidates should be tested for drugs before the final debate Wednesday.
  Speaking at a rally in New Hampshire, the real estate mogul said Clinton began last week’s debate energetically but lost steam as the debate progressed. He offered no evidence for his claim that the former secretary of
  
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• Philippines Evacuates Thousands As Typhoon Slams Northern Region

  16-10-2016 07:09 via ibtimes.com
  
  The Philippines evacuated almost 12,500 people before a Category 3 typhoon hit land early on Sunday, dumping heavy rains and unleashing strong winds on northern rice-growing areas, disaster officials said.
  Weather forecasters said Typhoon Sarika, which was packing winds of up to 150 kph (95 mph) before making landfall, was potentially the most destructive this year. They expected it to move west and cross the central province of Luzon on Sunday.
  
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• Does ‘Legends Of Tomorrow’ Star Victor Garber Worry About Being Typecast As Dr. Martin Stein/Firestorm?

  16-10-2016 05:48 via ibtimes.com
  
  Although a lot of viewers today know Victor Garber for his portrayal of Dr. Martin Stein, also known as one-half of Firestorm, on “Legends of Tomorrow,” the actor doesn’t worry about being typecast as his superhero role because he makes sure that he’s taking on different characters from time to time.
  
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• ‘Supergirl’ Season 2 Spoilers: Kara Meets Her New Boss Snapper Carr In Episode 2 Sneak Peek [VIDEO]

  16-10-2016 05:36 via ibtimes.com
  
  A recently released sneak peak for Season 2, episode 2 of “Supergirl” shows Kara’s (Melissa Benoist) first meeting with her new boss Snapper Carr (Ian Gomez).
  In the clip, Cat (Calista Flockhart) introduces her former assistant to Snapper who will be running the investigative team of CatCo magazine. According to Cat, Snapper “is one of the best journalists” she’s ever known.
  Kara offers a handshake to Snapper, but he couldn’t care less.
  
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• ‘Scream Queens’ Season 2 Spoilers: Episode 4 Released Online; What Will Happen In ‘Halloween Blues’? [VIDEO]

  16-10-2016 05:32 via ibtimes.com
  
  C.U.R.E. Institute holds a Halloween party in Season 2, episode 4 of “Scream Queens.” The workplace affair, however, isn’t really for fun, as the celebration is part of a bigger plan to catch the Green Meanie.
  Shocked and saddened by the death of Sheila Baumgartner, a.k.a. Orgasm Girl (Cheri Oteri), in the hands of the killer last episode, Munsch (Jamie Lee Curtis), Denise (Niecy Nash) and Hester (Lea Michele) devise a plan to find out the identity of the serial killer.
  
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• Amid fried chicken craze, foreign firms ruffle Korean feathers

  16-10-2016 05:32 via news.yahoo.com
  
  Global poultry producers hoping to cash in on South Korea's craze for fried chicken and beer face a market crowded with local birds that have clipped prices and profits for Korean growers. The popularity of the combination, known as "chimaek", has boomed in recent years, fueled by its appearance in a hit South Korean television drama and an explosion of restaurant chains. Chimaek stores now dot Korea and their ubiquitous delivery services shuttle freshly fried chicken and beer to homes, offices
  
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• ‘Pokémon Sun And Moon’: Meet Ultra Beast Rival Pokémon, Scaly Evolutions Of Humble Pokémon

  16-10-2016 05:26 via ibtimes.com
  
  A new trailer for “Pokémon Sun and Moon” was released on Friday, and it did confirm the recent leaks from Japanese magazine CoroCoro. In this new promotional clip, we get to see Synthetic Pokémon Type: Null’s evolved form and Jangmo-o’s evolutions.
  
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• ‘Surviving Compton’ Exposes Michel’le’s Abuse By Dr. Dre And Relationship With Suge Knight; 16 Things We Learned From Lifetime Biopic

  16-10-2016 04:10 via ibtimes.com
  
  On Saturday, Lifetime aired its latest biopic, “Surviving Compton: Dre, Suge & Michel’le,” the story of R&B singer Michel’le and her rise to fame. The movie also featured her down fall, which included substance abuse and alleged physical abuse.
  Portrayed by actress Rhyon Nicole Brown, the film began at the start of Michel’le’s career and showed her relationships with Dr. Dre and Suge Knight. Check out 16 things we learned from the biopic:
  
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• Federal government halves proposed emergency fund for pipeline spills

  16-10-2016 03:41 via cbc.ca
  
  The federal government is reducing the size of a proposed emergency fund pipeline operators would be required to have on hand to deal with short-term costs of incidents such as spills.
  
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• Transcripts of Clinton's Wall Street talks released in new Wikileaks dump

  16-10-2016 00:04 via news.yahoo.com
  
  The documents showed comments by Clinton during question-and-answer sessions with Goldman Sachs Chief Executive Lloyd Blankfein and Tim O'Neill, the bank's head of investment management, at three separate events in 2013 in Arizona, New York and South Carolina. Some excerpts of Clinton's speeches had already been released.
  
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