Coal Baron Promises Huge Layoffs, Then Tells Workers To Vote Trump
Robert Murray, owner of the country's largest private coal company, wasted no time pointing the finger when he announced plans earlier this week to lay off as many as 4,400 workers, or 80 percent of his workforce. His St. Clairsville, Ohio-based Murray Energy Corporation needed to downsize "due to the ongoing destruction of the United States coal industry by President Barack Obama, and his supporters, and the increased utilization of natural gas to generate electricity," he said. “Frankly, I am ..>> view originalWill Social Security Fix Its Mistake That May Be Costing You Tens of Thousands?
UK to slash corporation tax to cushion hit from Brexit
LONDON/DUBLIN Britain has announced plans to cut corporation tax to less than 15 percent in an attempt to cushion the shock of the country's decision to leave the European Union, raising the prospect of competitive tax cuts across the bloc.Finance minister George Osborne told the Financial Times he wanted to build a "super competitive economy" with low business taxes and a global focus.The new rate, which was announced without a target date, compares with Osborne's previous target to cut corpo..>> view originalIsraeli Court Convicts Prominent Tycoon of Securities Fraud
JERUSALEM — An Israeli court has convicted one of the country's most prominent businessmen of securities fraud.The Tel Aviv District Court on Monday found former IDB Holding Corp. controlling shareholder Nochi Dankner guilty of carrying out millions of dollars' worth of fraudulent transactions in an attempt to influence the share price of the troubled company.IDB, whose holdings include a major mobile phone carrier and a leading supermarket chain, took on millions of dollars in debts following..>> view originalOil climbs as market seen in balance, but slow demand weighs
LONDON Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.Brent crude futures LCOc1 were trading at $50.58 per barrel at 0938 GMT, up 23 cents from their last settlement. U.S. crude CLc1 was up 17 cents at $49.16.U.S. markets are closed on Monday for the U.S. Independence Day holiday.The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general..>> view originalThe Bank of Japan Paints Itself Into a Negative Rate Corner
It’s the things you least expect that hit you the hardest. Yields on once-calm Japanese government bonds have become deeply negative and their prices intensely volatile—all this in a market that should be risk-free and dull. Earlier this month, Japanese government bonds with maturities up to almost 20 years went negative. That means almost 87% of Japanese government bond yields are now below zero. The side effects aren't quite...>> view originalAustralian Election Losers Could Include Triple-A Rating
SYDNEY—Australia could lose its rare triple-A credit rating after a tight general election raised questions about the next government’s ability to curb spending and bring down debt. The election remains too close to call, but the prospect of a lengthy period of political instability—such as a hung parliament in the 150-seat House of Representatives, where governments are formed—complicates Australia’s challenge in revving up an...>> view originalPower Outage at Lambert Airport
story updated on July 3 at 4:54 pm Lambert Airport was without power for several hours Sunday afternoon after a transformer blew in Terminal One. Officials say they don’t know what caused it, but travelers checking into flights took much longer because the systems had to be operated manually. Airport director Rhonda Hamm-Niebruegge says they did have a few cancellations, “For the ten flights that were canceled, we’d anticipate that’s approximately 500-600 people impacted. We have seen some d..>> view originalWalmart now lets customers pay with its app at many stores across the US
Walmart introduced a mobile payment feature last year that lets customers use its app to pay at checkout, and now the service is getting close to reaching nationwide availability. As Engadget first reported, the service has just expanded to more than 30 states just in the past two months, including New York and California as of this week. Last year Walmart promised that the service would be available nationwide by the first half of 2016. The Walmart Pay feature lets customers simply use their p..>> view originalEuropean, UK shares snap winning streak, silver surges
LONDON The post-Brexit recovery across European markets stalled on Monday with major share indexes mixed and safe-haven demand for precious metals helping the price of silver surge to a near-two year high.Light trading volumes because of the July 4 public holiday in the United States is likely to keep markets choppy through the day.Europe's Stoxx 600 fell 0.4 percent and London's FTSE 100 .FTSE fell 0.2 percent with weaker financials offsetting gains from shares in mining companies.Earlier in..>> view original
Tuesday, July 5, 2016
Coal Baron Promises Huge Layoffs, Then Tells Workers To Vote Trump and other top stories.
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