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Latest News

U.S. DoJ probes Deutsche trades worth billions -source
Logo of Deutsche Bank AG is seen in TokyoU.S. DoJ officials have demanded information from Germany's biggest lender about the transactions because they involved the use of the dollar, the person said. Deutsche Bank declined to comment. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one another, adding that the volume of these trades was "significant".
Toyota says not optimistic on China profitability
A visitor walks between Toyota Motor Corp's cars displayed at the company's showroom in TokyoToyota Motor Corp said it "can't be optimistic" about profitability in China, the world's biggest auto market, where slowing growth is forcing the Japanese manufacturer to cut prices and offer buying incentives to keep up with rivals. Toyota, which on Tuesday reported record first-quarter net profit for the third consecutive year, enjoyed rising China sales but price wars were sapping profit, company officials said at an earnings briefing. China auto sales fell each month in the quarter as economic growth crawls at its slowest pace in 25 years, draining consumer sentiment.
Harman says car hacking risk restricted to Fiat Chrysler
A new Fiat Chrysler Automobiles sign is pictured after being unveiled at Chrysler Group World Headquarters in Auburn Hills, Michigan"We do not believe this problem exists in any other car outside of Fiat Chrysler," Harman Chief Executive Dinesh Paliwal said in an interview with Reuters on Tuesday. Harman Kardon-branded infotainment products are part of Fiat Chrysler's Internet-connected Uconnect telematics system, a collection of driver aids and entertainment services. Fiat Chrysler, working with Harman, has issued a software update for the recalled vehicles and has provided customers with additional software to improve security.
ATM fee lawsuits against Visa, Mastercard, banks revived on appeal
A coffee shop displays signs for Visa, MasterCard and Discover in WashingtonA federal appeals court has revived litigation against Visa Inc , Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law. In a decision on Tuesday, the U.S. Court of Appeals for the District of Columbia said a district court erred when it concluded that consumers had no standing to sue and had not adequately alleged antitrust violations. It remanded the three consolidated lawsuits to the district court for further proceedings.
U.S. judge rejects American Express class action settlement
An American Express sign is seen on a restaurant door in New YorkA U.S. judge on Tuesday rejected a proposed class action settlement between American Express Co and merchants who sued the company over swipe fees, ruling that a lawyer for the merchants compromised the fairness of the agreement. U.S. District Judge Nicholas Garaufis in Brooklyn, New York, ruled that lawyer Gary Friedman acted improperly by talking about the case and sharing confidential information with a friend who represented MasterCard Inc in a parallel class action against MasterCard and Visa Inc .

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World News

Debate field is set: Trump, Bush in; Santorum, Fiorina out

Republican presidential candidates, from left, Lindsey Graham, Ben Carson, John Kasich, Chris Christie, Bobby Jindal, Jeb Bush, Scott Walker and Rick Santorum speak among themselves after a forum Monday, Aug. 3, 2015, in Manchester, N.H. (AP Photo/Jim Cole)Fox News has named the Republican candidates who will take part in Thursday night's debate — the first of the 2016 White House campaign.


Dems hit Bush after comments on funding for women's health

Republican presidential candidate, former Florida Gov. Jeb Bush, left, is interviewed by Dr. Russell Moore at the Send North America Conference, Tuesday, Aug. 4, 2015, in Nashville, Tenn. (AP Photo/Mark Humphrey)NASHVILLE, Tennessee (AP) — Republican presidential candidate Jeb Bush vowed Tuesday to cut off federal funding for Planned Parenthood if elected to the White House, but drew immediate fire from Democrats for adding, "I'm not sure we need half a billion dollars for women's health issues."


Christie vows GOP 'not going to be backed into a corner' in Planned Parenthood fight


Americans say blacks treated less fairly in 2015 than 2007: Gallup

A protester wears tape over her mouth during a silent demonstration against what they say is police brutality after the Ferguson shooting of Michael Brown, an unarmed black teenager, by a white police officer, in St. LouisWhites, blacks and Hispanics also expressed a new low in their satisfaction with the way blacks are treated in U.S. society, according to the Gallup 2015 Minority Rights and Relations poll. Overall, about 49 percent of respondents said they were satisfied, compared to 62 percent just two years ago, pollsters said. The survey of more than 2,000 respondents, conducted from June 15 until July 10, comes at a tense time between U.S. law enforcement and the communities in which they operate, particularly after grand jury decisions not to indict white officers who killed unarmed black men in Ferguson, Missouri, and in New York City.


Man found guilty of 2010 killing of Chicago police officer
A judge on Tuesday found a man guilty of fatally shooting a Chicago police officer after a scuffle in a police station parking lot in 2010, prosecutors said. Cook County Criminal Court Judge Timothy Joyce rejected a defense argument that Bryant Brewer, 29, was insane at the time he shot and killed Officer Thor Soderberg. Brewer was convicted of first degree murder in the killing of Soderberg and the attempted murders of Officers Kim Thorpe, Officer Lynn Casey and Sgt. Jason Kazinski, said Cook County State's Attorney's Office spokeswoman Tandra Simonton.

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