Business

Heart recipient walks donor's daughter down the aisle

Walking down the aisle with her father is every girl's dream, however Jeni Stepien's father was murdered 10 years ago. A meeting filled with emotion for Jeni and the entire Stepien family. Everyone gathered at St. Anselm Church in Swissvale, where the ceremony took place. And she added: 'We've been talking to him and writing letters and calling and receiving flowers and sending gifts for the past 10 years and now it's finally here'.

Business

Berkshire profit up 25pc as insurance helps, BNSF weighs

Its revenue for the quarter surged by 6% YoY to $54.46 billion, and its total assets jumped to $592.8 billion this quarter from $586.3 billion in the previous quarter. Profit at Berkshire Hathaway Energy (its power utility and gas pipeline arm), fell to $US482 million from $US502 million a year earlier. Results were also helped by a $610 million gain from the redemption of an investment in Kraft Heinz Co.

Business

United Kingdom central bank launches stimulus to counter Brexit jitters

UK STIMULUS: The Bank of England cut its key rate to 0.25 percent from a previous record low of 0.5 percent to help the economy, which has seen business activity slump since the June 23 vote to leave the EU. Broadbent said he was closely watching the labor market to gauge the hit to demand in Britain's economy from June's vote to leave the European Union, and highlighted a survey released overnight that showed the biggest fall in jobs since 2009.

Business

NTSB Releases Preliminary Report on Fatal Tesla Autopilot Crash

The National Transportation Safety Board has issued some preliminary findings related to the first fatal crash involving a motorist driving a Tesla Model S using the autopilot feature. Tesla's second Master Plan will be mostly funded by sales of its vehicles, particularly the new electric vehicle Model 3, chief executive Elon Musk said during a soft launch of the enormous "Gigafactory" in Nevada on Tuesday.

Business

Trump Reverses, Says He Didn't See Iran Cash Video

The Obama administration has denied the money paid to Iran on the same day the Americans were released was a ransom paid for their release as Republicans have charged, and that the timing of the two actions were coincidental. Surely a concoction, and one that recalls his unsupported contention early in the campaign that he saw video of Muslims in New Jersey celebrating the 9/11 attacks.

Business

US Adds 255K Jobs in July, Surpassing Expectations

The brisk pace of hiring represents a turnaround from weak job growth in the first half of this year, including disappointing job gains in April and May. JOBS RELIEF: The strong jobs report follows an even larger gain in June. "Perhaps this is a reflection of higher wages, encouraging people to enter the workforce", Bank of America Merrill Lynch economist Michelle Meyer wrote to clients on Friday .