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Economy

Lindsey Graham (R-S.C.) and John Kennedy (R-La.) had sided with the 48 Democrats in the chamber, who unanimously supported the legislation. "Banks, credit unions, and other companies file class-action lawsuits to pursue justice when they are harmed as a group, and our rule restores consumers' right to do the same", CFPB said.
  • Recalled IKEA chest of drawers reportedly kills EIGHTH child

    Recalled IKEA chest of drawers reportedly kills EIGHTH child

    Economy

    Ikea recalled a total of 29 million items sold in the U.S. a year ago after the products failed industry safety tests because they could fall over when unattached to a wall. "We have to do better, because these are just ticking landmines in a child's bedroom", she insisted. Later that year, a fourth death that happened in 2011 - a 2-year-old boy in Virginia - was discovered and added to the list.
  • General Electric shares tank as third quarter shows a big earnings miss

    Economy

    Davis Capital Partners Llc sold 55,000 shares as Aon (AON)'s stock rose 8.30%. Company insiders own 0.36% of the company's stock. Fincl Consulate invested 0.33% in General Electric Company (NYSE:GE). ITI's SI was 1.33M shares in October as released by FINRA. The disclosure for this purchase can be found here. About 883,431 shares traded. The firm has a market cap of $206.32 billion, a PE ratio of 29.03 and a beta of 1.19.
  • DE wants its HQ2 pitch to attract all businesses, not just Amazon

    DE wants its HQ2 pitch to attract all businesses, not just Amazon

    Economy

    At least 12 Canadian communities have revealed they submitted bids for the headquarters by Amazon's Thursday night deadline, including Vancouver, Calgary, Edmonton, Winnipeg, Montreal and Halifax. They suggested that when members of the public talk about the project on social media, they use the hashtag #AMAZONHQ2CLE. It stated that the bid "portrays the city's and county's economic momentum, livability, geographic advantages and other assets".
  • On Diwali, India announces more medical visas for Pakistani patients

    On Diwali, India announces more medical visas for Pakistani patients

    Economy

    Earlier this month, Sushma Swaraj revealed that 19 Pakistanis have been given visas for treatment in India. In a major humanitarian move and a Diwali gift to the people of Pakistan, India has made a decision to grant medical visas "in all deserving cases" to those desperately ill Pakistanis needing urgent treatment in India and whose visa applications were pending till Diwali-eve.
  • Asian shares conquer 10-year peak, oil up on Iraq tensions

    Asian shares conquer 10-year peak, oil up on Iraq tensions

    Economy

    WTI crude oil continues to trade higher on Tuesday morning, gained 0.50% to trade at $52.12. E&P reports in its article Oil Prices Build As Iraq, US-Iran Tension Raises Risks that after months of rangebound trading, during which OPEC-led supply cuts supported crude but rising USA output capped markets, prices have made significant gains this month.
  • Ford recalls 1.3M F-Series pickups, including 2017 Super Duty

    Ford recalls 1.3M F-Series pickups, including 2017 Super Duty

    Economy

    The majority of the trucks are in the United States, but some are located in Canada and Mexico as well. It can also prevent the driver from opening the door when necessary. Following the typical pattern for recalls, notices will be sent out to owners, who will then be able to go to Ford dealerships to have the problem fixed.