Business

New Jersey man claims $315-million Powerball jackpot
He has two children. Souami, 55, had some work to do in the yard, but he also wanted to get his auto washed while his wife stayed at their home in Little Ferry, preparing meals for the week. "The clerk kept saying, "Oh my God". Souami, originally from Africa, moved to the United States in 1996. The first things he plans to do with winnings are pay to pay off his college loans, pay for his daughter to go to college next year and pay off his home, which he had just refinanced and received ...
Business

Trump and Kim have landed in Singapore
The limousine of North Korean leader Kim Jong Un, left, leaves the Istana, or Presidential Palace, in Singapore on Sunday, June 10, 2018 , after his meeting with Singapore Prime Minister Lee Hsien Loong. A triumvirate of forces is bringing the meeting to fruition, said Scott Snyder, senior fellow for Korea Studies and director of the Program on U.S.
Business

McAdams will be succeeded by Vestberg as CEO of Verizon
Verizon launching 5G in Los AngelesVerizon's Board of Directors has chosen Hans Vestberg , Verizon's president of Global Networks and CTO, to serve as the new CEO starting August 1, the company announced Friday. Under McAdam, Verizon took over the stake in the important wireless unit from Britain's Vodafone and built a customer base of more than 150 million.
Business

China’s ZTE will pay $1B fine in deal with US
ZTE has reportedly reached an agreement in principle with the Trump administration to lift the Department of Commerce's ban on American companies selling equipment to the Chinese telecommunications giant. components manufacturers from selling to Chinese telecom and handset giant, ZTE (HKG:0763). Amid mounting trade tension between the United States and China, lawmakers have grown increasingly critical of the national security threat from telecom companies such as ZTE and Huawei.
Business

Oil falls after United States crude inventories unexpectedly rise
Saudi Arabia and Russian Federation were already discussing raising OPEC and non-OPEC oil output by roughly 1 MMBPD, sources familiar with the matter said in early May. Oil prices were stable on Friday, supported by Venezuela's struggles to meet its supply obligations and by ongoing output cuts led by producer cartel OPEC, although surging United States crude output was looming over markets.
Business

Ghana football head Kwesi Nyantakyi banned by Fifa over 'cash gift'
David Prah argued that Kwesi Nyantakyi could not have mentioned the former President's name in his statement to the CID if he ( Kwesi Nyantakyi ) did not know what he was talking about. A press release from FIFA, yesterday, announced Nyantakyi's ban from all football-related activities at both national and worldwide levels, leaving him with no option than to resign.