U.S. stock futures fell sharply early Wednesday as investors feared an increase in coronavirus infections could halt the recovering economy. Dow Jones Industrial Average futures fell 500 points, 1.8%. The loss pointed to a drop of more than 480 points at the open. S&P 500 futures lost 1.4% and Nasdaq […]
FAN Editor
Qatar forced women on 10 flights to undergo invasive exams
Australia revealed Wednesday that female passengers on 10 planes flying out of Doha were forced to endure “appalling” physical examinations, as Qatar apologized for the distress caused to the women. The Gulf emirate has been heavily criticized after reports emerged that women were removed from a Sydney-bound Qatar Airways flight […]
Callaway Golf agrees to buy remainder of Topgolf
FOX Business’ Gerri Willis on the state of the golf industry. Callaway Golf Co. has agreed to buy the remaining stake in driving-range chain Topgolf Entertainment Group in an all-stock deal. Continue Reading Below The deal values Topgolf at $2 billion, including the 14% of the company that Callaway already […]
JPMorgan appoints General Dynamics CEO as board member
FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky October 28, 2020 (Reuters) – JPMorgan Chase & Co <JPM.N> on Wednesday named General Dynamics Corp <GD.N> chief Phebe Novakovic as a director, […]
Best of times, or the worst? A voter’s guide to U.S. GDP
A person casts his ballot for the upcoming presidential election during early voting in Sumter, South Carolina, U.S., October 9, 2020. REUTERS/Micah Green October 28, 2020 By Ann Saphir and Howard Schneider (Reuters) – When accountants at the federal Bureau of Economic Analysis release the latest U.S. gross domestic product […]
GE reports smaller loss as business recovers from pandemic lows
FILE PHOTO: The logo of U.S. conglomerate General Electric is seen on the company building in Belfort, France, October 19, 2019. REUTERS/Vincent Kessler October 28, 2020 By Rajesh Kumar Singh and Rachit Vats (Reuters) – General Electric Co <GE.N> on Wednesday unexpectedly reported a quarterly profit and a positive cash […]
Hurricane Zeta zeroes in on Louisiana
Zeta re-strengthened into a hurricane early Wednesday as Louisiana braced for the 27th named storm of a historically busy Atlantic hurricane season. Landfall is expected south of New Orleans, on Wednesday. The storm is forecast to bring a life-threatening storm surge and strong winds to portions of the northern Gulf […]
12-year-old and tour guide lose limbs in shark attack
A young Ukrainian tourist lost an arm and an Egyptian tour guide a leg in a rare shark attack over the weekend off Egypt’s Red Sea resort of Sharm El-Sheikh, officials said Tuesday. The attack took place Sunday when two tourists – a mother and her son – and their […]
German economy grew by 6% in third-quarter but recovery likely to slow: DIW
October 28, 2020 BERLIN (Reuters) – The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe’s biggest economy, the DIW institute said on Wednesday. DIW pointed to […]
Egypt’s Sisi says freedom of expression stops at offending more than 1.5 billion people
October 28, 2020 CAIRO (Reuters) – Egypt’s President Abdel-Fattah al-Sisi said on Wednesday freedom of expression should stop at offending more than 1.5 billion people, following the display of images in France of the Prophet Mohammad that Muslims see as blasphemous. Sisi also said he firmly rejects any form of […]