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Library LATE Hours
Beginning in September 2012, the library will offer late hours for the school year on Tuesdays. Free homework help will be provided through www.homeworkla.org. The Tuesday Library Hours will be 5:00-8:00!
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Wall Street rallies, led by Deutsche Bank, financials

Traders work on the floor of the NYSEBy Lewis Krauskopf NEW YORK (Reuters) - Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank. Deutsche Bank's U.S.-listed shares jumped 14 percent a day after sinking to a record low. French news agency AFP reported that Deutsche Bank was nearing a $5.4 billion settlement with U.S. officials over charges related to selling toxic mortgage bonds.

Fri, 30 Sep 2016 16:24:42 -0400
Drop in U.S. consumer spending clouds Fed rate hike outlook

Shoppers ride escalators at the Beverly Center mall in Los AngelesU.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.1 percent last month after accounting for inflation. "Consumers took a breather in August," said Chris Christopher of IHS Global Insight.

Fri, 30 Sep 2016 10:47:33 -0400
Yahoo hack may become test case for SEC data breach disclosure rules

A Yahoo logo is pictured in front of a building in RolleBy Dustin Volz WASHINGTON (Reuters) - Yahoo's disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement. Democratic Senator Mark Warner this week asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives properly disclosed the attack, which Yahoo blamed on Sept. 22 on a "state-sponsored actor." The Yahoo hack could become a test case of the SEC's guidelines, said Jacob Olcott, former Senate Commerce Committee counsel who helped develop them, due to the size of the breach, intense public scrutiny and uncertainty over the timing of Yahoo's discovery.

Fri, 30 Sep 2016 17:24:29 -0400
Viacom forms committee to consider Redstone's CBS merger push

A woman exits the Viacom Inc. headquarters in New York(Reuters) - Viacom Inc said it had formed a special committee to consider National Amusements Inc's proposal to combine the company with CBS Corp . National Amusements, owned by media baron Sumner Redstone and his daughter Shari Redstone, on Thursday urged the boards of Viacom and CBS to explore a combination. National Amusements, the majority shareholder of CBS and Viacom, also said it would not support the acquisition of either media company by a third party or surrender its control of either firm.

Fri, 30 Sep 2016 16:42:38 -0400
Volkswagen will pay $1.21 billion to settle U.S. dealer claims

A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, CaliforniaVolkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its $16.5 billion diesel emissions settlement to date. VW's dealers will receive an average of $1.85 million each on average over 18 months under the settlement that was first announced in principle in August. Separately, the U.S. Justice Department, Federal Trade Commission and lawyers for owners of 475,000 polluting diesel cars were filing legal papers late Friday asking a federal judge to grant final approval to buy-back offers and diesel remediation efforts at an Oct. 18 court hearing.

Fri, 30 Sep 2016 19:16:38 -0400
Illinois and Chicago eye Wells Fargo business bans

A woman wearing U.S. flags passes a sign at Wells Fargo Center at the Democratic National Convention in PhiladelphiaWells Fargo & Co faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month. Alderman Edward Burke, who heads the Chicago City Council's finance committee, introduced an ordinance on Friday that would suspend the bank from acting in several capacities, including as a municipal depository, bond underwriter and financial adviser. Illinois Treasurer Michael Frerichs set a Monday news conference to announce "plans to suspend billions of dollars in investment activity with Wells Fargo," according to an advisory from his office on Friday.

Fri, 30 Sep 2016 17:39:33 -0400
Betting on the U.S. election via the 'Trump ETF'

Trump holds a rally with supporters in Bedford, New Hampshire, U.S.An exchange-traded fund focused on Mexico has become a weather vane for Republican Donald Trump's chances winning the U.S. presidential election in November, investors said. Mexico has been a prime target for Trump, who has accused the country of taking away jobs from Americans, focusing particular ire on a landmark 1990s trade agreement with the United States' southern neighbor and Canada. Although a range of factors influence all markets, investors said this week that the U.S.-listed iShares MSCI Mexico Capped ETF (EWW) is increasingly being driven by the prospect of the New York businessman's election.

Fri, 30 Sep 2016 15:32:07 -0400
Deutsche lifted by CEO letter, settlement report

A statue is seen next to the logo of Germany's Deutsche Bank in FrankfurtBy Andreas Krner and Maiya Keidan FRANKFURT/LONDON (Reuters) - A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remained stable. Deutsche, which is Germany's largest bank and employs around 100,000 people, has been engulfed by crisis after being handed the demand for up to $14 billion earlier in September by the Department of Justice (DOJ) for misselling mortgage-backed securities before the financial crisis. Deutsche and the German finance ministry declined to comment on the report.

Fri, 30 Sep 2016 12:33:55 -0400
Russia, bowing to budget pressures, revives oil firm sell-off

People walk past headquarters of Russian state-owned oil producer Bashneft in MoscowRussia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump. Sources close to the government and the bidding process said at the time the postponement was ordered by the Kremlin to staunch infighting among rival clans over who would be the eventual buyer. A spokesman for Rosneft said the company would be lodging a bid.

Fri, 30 Sep 2016 16:21:36 -0400
Delta, pilots negotiators reach deal for new contract

Passengers check in at a counter of Delta Air Lines in Mexico CityThe deal, reached with the help of U.S. federal mediators, requires the approval of union leaders before it can become a so-called "tentative agreement," which pilots can vote to ratify or reject. About 65 percent of voting pilots turned down the last tentative agreement in July 2015. Delta did not immediately return a request for comment on the terms of the agreement.

Fri, 30 Sep 2016 16:54:25 -0400
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