Business

Accused UK 'flash crash' trader to be extradited to US

THE British trader dubbed the "Hound of Hounslow" WILL be extradited to the United States where he faces 380 years in prison after losing his High Court challenge. Sarao's case grabbed headlines around the world as people grappled with the idea that a single day trader could make so much money, often trading from his bedroom in a house he shared with his parents.

Business

Swaps or cash? Final choice for Samsung Note 7 owners

The flagship Galaxy Note 7 was recalled in early September after reports of the phones catching fire. Attempting to fix the damage to its brand from combustible smartphones that have burned at least 13 people, Samsung Electronics on Thursday widened its recall and upped the incentives to persuade customers to return their Note 7s.

Business

US stocks end moderately lower Thursday

From January to September, China's core exports such as computer equipment, mobile phones and parts, and integrated circuit chips declined by 11.8%, 7.7%, and 7.8%, respectively from the same period past year. Gold prices edged higher on Thursday as the dollar declined and world shares slipped following renewed worries about China's economy. France's CAC 40 retreated 1.1 percent and Germany's DAX fell 1 percent.

Business

Samsung's Shares Slump Following Announcement Of Discontinuing "Note 7"

It had launched a recall of the phone just weeks after it went on sale because of fires and explosions that destroyed some of the devices. The company said on its website was asking all carrier and partners to cease selling or exchanging the phones.

Business

Clinton proposes tax relief for families with young kids

Economists at the Tax Foundation have previously worked with Trump's campaign to help evaluate his tax plan - though last month, that working relationship was strained publicly after campaign officials made conflicting statements regarding one of Trump's signature proposals: cutting taxes on the income of businesses organized as "pass-through" entities.

Business

US stocks slip on China concerns; investors seek safety

TECH TROUBLE: Technology companies that rely heavily on sales to China fell. If you would like to discuss another topic, look for a relevant article. China's economy had shown signs of stabilising in the past two months as government-led stimulus measures kicked in.