Business news

• Is Mexico Safe For Tourists? US State Department Updates Travel Warning, Citing Violence In Several States

  08-12-2016 23:46 via ibtimes.com
  
  The State Department warned U.S. citizens Thursday about the risks of travel in Mexico in light of organized crime activity in certain parts of the country, citing homicides, kidnappings, carjackings and robberies in several Mexican states.
  The updated travel warning said the risk of violence was less in resort areas and tourist destinations than in border areas or along trafficking routes.
  
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• Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

  08-12-2016 23:40 via news.yahoo.com
  
  NEW YORK (Reuters) - Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be to varying degrees, but is likely to be larger to North America due to lower margins. Last week, members of the Organization of the Petroleum Exporting Countries agreed to scale back output, its first cut since 2008. (Reporting by Catherine Ngai; Editing by Phil Berlowitz)
  
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• Black Lives Matter Chicago: Racist Group Chat Students Expelled, Sue School

  08-12-2016 23:32 via ibtimes.com
  
  Parents of two former Marist High School students expelled after a racist message was discovered in their group chat are suing the Chicago school, claiming they are being unfairly blamed for larger racial tensions flaring up in the city, CBS Chicago reported Monday.
  
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• Jho Low family dealt setback in move to claim assets in 1MDB probe

  08-12-2016 23:17 via news.yahoo.com
  
  Earlier this week four relatives of Low Taek Jho filed a motion to delay the Dec. 12 hearing to Jan. 23 so they could go to courts in New Zealand and the Cayman Islands to try and get real estate and other assets transferred to a new trustee. In a one-sentence ruling, U.S. District Judge Dale Fischer denied both the motion to postpone the hearing and a separate request to extend the deadline for filing a claim. Malaysian Prime Minister Najib Razak established the IMDB fund in 2009 and chaired th
  
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• Sherri Papini Update: Anti-Latino Post Written By 'Some Punks,' Not California Mother, Her Dad Says

  08-12-2016 22:58 via ibtimes.com
  
  Sherri Papini, the California mother who turned up on Thanksgiving after vanishing on a jog three weeks earlier, is not behind the anti-Latino blog post internet sleuths have connected to her case. At least, that's according to Papini's dad, Richard Graeff, who recently told People exclusively that "some punks" penned the years-old message.
  
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• BNY Mellon's payment woes its second big tech glitch in 18 months

  08-12-2016 22:55 via news.yahoo.com
  
  A payment processing glitch at BNY Mellon Corp this week should not be a surprise as executives inside the world's largest custody bank recently highlighted a number of problems with the daily task of moving trillions of dollars around the global banking system. BNY Mellon on Thursday declined to say how widespread the problem was. The bank provides payment services in more than 100 currencies through more than 2,000 correspondent bank accounts worldwide.
  
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• Beverly Hills Real Estate: Ricky Martin Drops $13.5M On Mansion

  08-12-2016 22:51 via ibtimes.com
  
  Living' La Vida Luxury!
  Ricky Martin recently purchased a $13.5 million mansion in swanky Beverly Hills. Now engaged to fiancé Jwan Yosef, the Puerto Rican pop star chose an 11,300-square-foot property featuring seven bedrooms and eight bathrooms.
  
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• Stock markets in New York hit new record highs

  08-12-2016 22:38 via cbc.ca
  
  Major stock markets in New York climbed to set new records today amid a broad rally from banks, materials and technology companies.
  
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• Gift Ideas For Book Lovers 2016: 9 Presents To Buy A Bookworm This Christmas

  08-12-2016 22:30 via ibtimes.com
  
  It’s hard to shop for someone who loves books. After all, they’ve read so much, and you can’t be expected to know their whole library. However, these gifts would be much appreciated for Christmas or Hanukkah, and they don’t require you to pick out a title for your book-loving friends or family members.
  
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• Scientists Found The First Dinosaur Tail Presevered In Amber

  08-12-2016 22:27 via ibtimes.com
  
  It has been millions of years since dinosaurs last walked the earth, but scientists recently discovered a piece of that era still with us today. A 99-million-year-old dinosaur tail has been found preserved in amber, according to areport published inCurrent Biology.
  
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• Wall Street again marks new highs in post-election run

  08-12-2016 22:24 via news.yahoo.com
  
  Investors have driven up equities since Trump's Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations. "This is just a continued melt-up post-election. The Dow Jones industrial average rose 65.19 points, or 0.33 percent, to 19,614.81, the S&P 500 gained 4.84 points, or 0.22 percent, to 2,246.19 and the Nasdaq Composite added 23.59 points, or 0.44 percent, to 5,417.36.
  
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• The Trump Effect? Apple's Foxconn Plans iPhone Manufacturing in U.S.

  08-12-2016 22:18 via ibtimes.com
  
  Update: Foxconn has released a statement to IBTimes confirming its exploration of an expansion in the U.S..
  Foxconn Statement:
  
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• Veterans: An untapped workforce that could be the next revolution in tech employees

  08-12-2016 22:07 via techrepublic.com
  
  IT solutions firm Sharp Decisions has been training and deploying teams of tech-savvy veterans since 2013. The Trump administration's visa positions could affect IT employment: Are vets the solution?
  
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• ‘Walking Dead’ Season 7 Spoilers: Midseason Finale Sneak Peek Teases What’s Ahead For Carol And Morgan [VIDEO]

  08-12-2016 22:06 via ibtimes.com
  
  Can you believe it’s been six weeks since Carol and Morgan have appeared on AMC’s “The Walking Dead?” The show has been jumping back and forth between storylines on Season 7, but the midseason finale will finally reveal more about Carol and Morgan’s situation.
  
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• What Was John Glenn's Cause Of Death? Former Astronaut, Senator Is Dead At 95 In Ohio

  08-12-2016 22:04 via ibtimes.com
  
  John Glenn, the first American astronaut to orbit the Earth as well as a former U.S. senator, died Thursday, according to multiple reports. He was 95 years old.
  
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• John Glenn Quotes: 10 Memorable Sayings From The First American Astronaut To Orbit Earth

  08-12-2016 22:04 via ibtimes.com
  
  John Glenn, 95, who braved a trip around the Earth over half a century ago at a time when no other America had done so, died Thursday. His death comes just a day after he was hospitalized in Ohio last week.
  Glenn’s legacy is one of helping to open up the impossible for a burgeoning and young space flight program in the 20th century. At the time, international relations were tense as two superpowers competed to establish dominance over the other in space and with deadly nuclear weapons on E
  
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• How And Where To Buy Tickets For Justin Bieber Purpose Tour, Singer Announces Additional Date On Twitter

  08-12-2016 21:59 via ibtimes.com
  
  Justin Bieber fans in Canada who are hoping to attend the singer’s “Purpose” tour are in luck. The pop star announced on Thursday that he has added a second show in Toronto to his schedule.
  The 22-year-old, who’s tour will be hitting places like Florida Mexico, Australia, Sweden, Brazil and more  in 2017, will be stopping in Toronto on Sept. 5. An additional show will be held on Sept. 6.
  
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• Facebook In-App Camera Update: Location Frames Are A Clone Of Snapchat's Geofilters

  08-12-2016 21:58 via ibtimes.com
  
  Facebook is adding new Snapchat-like features to help people customize their photos and videos.
  Facebook location frames are just likeSnapchat’s geofilters. Don’t get too excited about Facebook “location frames ” as the company is still testing the new feature in its main app in Ireland.
  With Facebook’s Camera Effects Platform, Facebook is making it easy for anyone to create Facebook profile frames.
  
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• Who Is John Glenn’s Wife, Annie Castor? Why Astronaut’s Partner Who Used To Stutter Is A Hero, Too

  08-12-2016 21:57 via ibtimes.com
  
  Former astronaut John Glenn was touted as an American hero, but his wife, Annie Castor, is considered a hero, too. For half a century she struggled with stuttering. At the age of 53, she entered a program to help her speak fluidly.
  
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• Ex-NBA Player Chris Webber Discusses New Podcast, Social Issues Relating To Sports

  08-12-2016 21:54 via ibtimes.com
  
  With so many former professional athletes having their own podcasts these days, it shouldn’t have been a surprise when it was announced that Chris Webber would be getting his own show. But the former NBA star is hoping to do something different and talk about sports in a way that others aren’t currently doing.
  
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• Apple Secures Folding iPhone With Wraparound Display In New Patent

  08-12-2016 21:53 via ibtimes.com
  
  Apple just filed a patent for a different kind of iPhone. This invention is seen as more advanced compared with its current flagships, the iPhone 7 and iPhone 7 Plus. It also screams of an extreme redesign that’s being rumored to be a game changer for the Cupertino giant’s next iPhones.
  
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• How Much Of Kanye West’s Hospitalization Will Be On ‘Keeping Up With The Kardashians’?

  08-12-2016 21:50 via ibtimes.com
  
  Kanye West was hospitalized and placed on 5150 psychiatric hold on Nov. 21. The news left fans worried about his well-being and scrambling for answers about what may have lead to the “Famous” rapper’s alleged mental breakdown.
  
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• NHL won't change name of Vegas Golden Knights despite trademark denial

  08-12-2016 21:35 via cbc.ca
  
  The National Hockey League says it won't change the name or logo of its newest club, despite being denied a trademark by U.S. authorities.
  
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• Aaron Paul Stays At $30M Estate In Thailand Courtesy Of Airbnb

  08-12-2016 21:31 via ibtimes.com
  
  Actor Aaron Paul surprised his wife with the ultimate birthday trip to Thailand.
  Earlier this week, "The Path" star arranged for the couple’s closest friends to surprise his love, Lauren, right before they departed to Ko Yao Yai island, the increasingly popular and luxurious vacation rental destination. 
  
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• U.S. SEC enforcement chief Ceresney to depart at year-end

  08-12-2016 21:28 via news.yahoo.com
  
  Andrew Ceresney, U.S. Securities and Exchange Commission's policeman of Wall Street, will be departing the agency at the end of December, joining other top officials who are leaving before Donald Trump is sworn in as president in January. Until a permanent replacement is appointed, the SEC said in announcing the departure on Thursday, Ceresney's deputy director, Stephanie Avakian, will preside over the Enforcement Division. Ceresney is now the seventh top official at the SEC to announce plans to
  
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• Major stock indexes rise again to new records

  08-12-2016 20:59 via news.yahoo.com
  
  (Reuters) - Major U.S. stock indexes climbed again on Thursday and set fresh record highs, bolstered by data showing U.S. labor market strength, as a month-long rally since the presidential election of Donald Trump rolled on.
  
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• NHL's Vegas Golden Knights denied trademark

  08-12-2016 20:58 via cbc.ca
  
  The National Hockey League says it won't reconsider the name or logo of its newest club, the Vegas Golden Knights, which has been denied a trademark request by U.S. authorities.
  
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• Daimler to become 2016's biggest luxury car maker - CEO

  08-12-2016 20:58 via news.yahoo.com
  
  German carmaker Daimler is to become this year's biggest and most profitable luxury car maker, its chief executive said on Thursday. "We will achieve it this year, four years ahead of time," Daimler CEO Dieter Zetsche said at an economic conference in Frankfurt, referring to the company's 2020 target of becoming the world's biggest premium carmaker. Daimler's passenger car unit Mercedes Benz was on track for full-year sales of more than two million cars, Zetsche said, putting it ahead of rivals
  
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• DuPont CEO Breen says Trump win unlikely to impact Dow deal

  08-12-2016 20:57 via news.yahoo.com
  
  BOSTON (Reuters) - Dupont Chief Executive Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company's planned merger with rival Dow Chemical.
  
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• New innovation hub in Silicon Valley details the explosive growth of IoT

  08-12-2016 19:09 via techrepublic.com
  
  IngDan opens its first U.S. IoT experience center with interactive tech gadgets on display to the public.
  
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• Indexes hit record highs as Trump rally continues

  08-12-2016 18:53 via news.yahoo.com
  
  A month-long rally on Wall Street, sparked by Donald Trump's election as U.S. president, extended on Thursday, driving major Wall Street indexes to record highs. Investors have been betting on stocks of industrial and financial companies as they expect these sectors to benefit the most from Trump's promise to spend more on infrastructure and simplify regulations. "The market is projecting a lot more confidence in future growth, and I don't expect any big pullback to derail the rally until the en
  
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• RBS ordered to hand over documents in shareholder cash call case

  08-12-2016 18:24 via news.yahoo.com
  
  Royal Bank of Scotland on Thursday lost a court battle to withhold transcripts, notes and interview records from thousands of retail investors suing the bank over an ill-fated, 12 billion pound ($15 billion) share sale in 2008. Judge Robert Hildyard rejected an attempt by RBS to class the documents as legally privileged and confidential in a judgment welcomed by a group of 27,000 retail investors, who hope the information will bolster their case ahead of a trial next March.
  
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• U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed

  08-12-2016 18:03 via news.yahoo.com
  
  The net worth of U.S. households increased in the third quarter as U.S. stock prices and real estate values continued to flourish, a report by the Federal Reserve showed on Thursday. Household net worth rose to $90.2 trillion over the quarter, up from a slightly downwardly revised $88.6 trillion in the previous period. Wealth has been aided by rising stock prices.
  
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• SNC-Lavalin cutting 405 jobs in Canada mainly due to mining weakness

  08-12-2016 17:59 via cbc.ca
  
  Engineering giant SNC-Lavalin is cutting another 405 jobs in Canada due to the weakness in the mining sector and ongoing efforts to boost its profit margin.
  
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• McDonald's to move international tax base to UK amid EU scrutiny

  08-12-2016 17:46 via news.yahoo.com
  
  McDonald's said it would create a new international holding company domiciled in the UK that would receive the majority of royalties from licensing deals outside the United States. "We are aligning our corporate structure with the way we do business, which is no longer in geographies, but in segments that group together countries with common market and growth characteristics," McDonald's said in a statement. The move will also help to cut costs, McDonald's said.
  
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• Tech, bank stocks drive Wall Street to new high

  08-12-2016 17:43 via news.yahoo.com
  
  (Reuters) - A month-long rally on Wall Street, sparked by Donald Trump's election as U.S. president, roared ahead on Thursday, driving major Wall Street indexes to record highs.
  
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• Only five non-OPEC producers so far attending talks to widen output cut

  08-12-2016 17:43 via news.yahoo.com
  
  By Alex Lawler and Rania El Gamal LONDON/DUBAI (Reuters) - Only five of 14 non-OPEC oil producers have agreed so far to meet the group on Saturday for talks aimed at widening a deal to reduce output, casting doubt on whether OPEC will secure the full cuts it is seeking, two OPEC sources said. The last time non-OPEC countries joined the organization in cutting output, in late 2001 as prices dropped in the aftermath of the Sept. 11 attacks, non-members promised cuts of 462,000 barrels per day, not
  
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• Public sector workers paid 10.6% more than private sector average: Fraser Institute

  08-12-2016 17:33 via cbc.ca
  
  People who work in the public sector make almost 11 per cent more than their counterparts in the private sector, a new analysis of Statistics Canada data from the Fraser Institute think tank has found.
  
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• Toronto, Hamilton, K-W expected to lead country in 2017 house price gains: Re/Max

  08-12-2016 17:26 via cbc.ca
  
  Re/Max sees the average national house price rising by two per cent in 2017, led by big projected gains in real estate prices in the Hamilton, the Greater Toronto Area and Kitchener-Waterloo.
  
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• Lower for longer, ECB scales back asset buys

  08-12-2016 17:20 via news.yahoo.com
  
  The European Central Bank trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the program away. With still no sign of a sustained rebound in underlying inflation and heightened political risk from looming elections in four of the euro zone's five biggest economies, the ECB promised to keep borrowing costs depressed longer than predicted, even reserving the right to raise back purchases if
  
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• Poll: Can tech solve "fake" news?

  08-12-2016 17:05 via techrepublic.com
  
  Social media represents the democratization of the dissemination of information. Yet algorithms and search optimization have atomized web consumers. Did tech create the "fake" news problem? Vote now.
  
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• SEC chair says mistake to weaken post-crisis financial reforms

  08-12-2016 17:02 via news.yahoo.com
  
  The outgoing chair of the U.S. Securities and Exchange Commission said on Thursday that reforms made by the agency after the financial crisis are indispensable to investors and markets and should not be undone. "Less than a decade ago, this country experienced the worst financial crisis in recent memory," Mary Jo White told a meeting of the SEC's investor advisory committee. President-elect Donald Trump and the Republicans who control both houses of Congress would like to roll back parts of the
  
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• Google's DeepMind 'Lab' opens up source code, joins race to develop artificial general intelligence

  08-12-2016 16:59 via techrepublic.com
  
  Earlier this week, DeepMind, Google's machine learning platform, unveiled a new 'lab' on GitHub that will offer an open source environment for AI development. Here's what it means.
  
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• Microsoft, Intel partner on Project Evo to bolster efforts in AI, security, mixed reality

  08-12-2016 16:52 via techrepublic.com
  
  At the recent Windows Hardware Engineering Community (WinHEC) event, Intel and Microsoft announced a partnership focused on far-field speech communications, biometric security, and more.
  
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• CIOs expect to increase hiring in 2017, here are the tech jobs that top their list

  08-12-2016 16:43 via techrepublic.com
  
  Jobs in database management, desktop support, network administration, and cybersecurity will be the most in-demand going into 2017, according to a Robert Half survey.
  
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• Windows 10 on your smartphone: Microsoft brings desktop apps to mobile

  08-12-2016 16:40 via techrepublic.com
  
  Giving Windows 10 phones the ability to run the broad sweep of Windows apps could make handsets more appealing to business.
  
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• IMF says retains confidence in Lagarde over French trial

  08-12-2016 16:36 via news.yahoo.com
  
  The International Monetary Fund said on Thursday that its executive board continues to be briefed on the French court case involving Managing Director Christine Lagarde and retains confidence in her ability to lead the international organization. "The executive board has been briefed on recent developments related to this matter and continues to express its confidence in the managing director's ability to effectively carry out her duties," IMF spokesman Gerry Rice said at a regular news briefing
  
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• Exclusive: Bangladesh panel finds insiders negligent in central bank heist

  08-12-2016 16:27 via news.yahoo.com
  
  A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday. In his first detailed comments on the inquiry since a report was submitted to the government in May, former central bank governor Mohammed Farashuddin said the officials were low to mid-level and were not directly involved in the crime. Bangladesh has so f
  
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• Union leader who says Trump lied about Carrier deal refuses to back down

  08-12-2016 15:47 via yahoo.com
  
  Trump tours a Carrier factory in Indianapolis, Dec. 1, 2016.Chuck Jones, the union leader who claims President-elect Donald Trump lied to Carrier employees while touting a deal to keep jobs in the U.S., says he started receiving harassing phone calls a half hour after Trump slammed him on Twitter.“I’ve been doing this job for 30 years,” Jones, president of the United Steelworkers Local 1999, told CNN on Thursday morning.
  
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• Portland slaps stiffer taxes on companies where CEO earns 100 times what workers do

  08-12-2016 15:43 via cbc.ca
  
  Portland, Ore., city council has passed a law that will charge businesses a higher tax rate if their chief executive officer gets paid more than 100 times what the average worker at the company does.
  
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