Billionaire investor Warren Buffett denied on Monday, Oct. 10, an allegation by Republican presidential candidate Donald Trump that he, like Trump, had taken "a massive deduction" that allowed him to avoid federal income taxes. Buffett said he paid about $1.85 million in income tax in 2015, and that returns for previous years were similar in respect to contributions, deductions and tax rates. Buffett said he was being audited by the Internal Revenue Service, but had "no problem" releasing his tax information.
U.S. stocks rose on Monday, Oct. 10, as energy shares gained with oil prices and as Apple jumped due to rival Samsung Electronics' worsening smartphone recall crisis. Aiding the advance, polls showed Democrat Hillary Clinton's lead widening in the U.S. presidential race following further turmoil in Republican Donald Trump's campaign over the weekend and a late Sunday debate between the candidates. Clinton is viewed as more positive for stocks partly because her positions are well known, Wall Street strategists have said.
LOS ANGELES—Canadian rapper Drake dominated nominations for the American Music Awards, earning a leading 13 nominations and beating the record set by Michael Jackson more than 30 years ago, the organizers of the awards announced on Monday, Oct. 10. Drake's latest album, "Views," has spent 13 weeks at the top of the U.S. music charts this year, and his single "One Dance" was chosen as Billboard's 2016 song of the summer.
COPENHAGEN—Evelyn O'Flynn still has lung cancer. But after going straight on to a new immune system-boosting drug more than a year ago, rather than traditional hard-to-tolerate chemotherapy, she is feeling great. "It's like a miracle," said the 72-year-old ex-smoker, who is about to become a great-grandmother. As a patient being treated with Merck & Co's immunotherapy drug Keytruda, O'Flynn is one of the lucky ones.
WASHINGTON - The leader of the U.S. House of Representatives distanced himself from Donald Trump on Monday as the Republican presidential candidate's campaign sank deeper into crisis over his sexually...
NBC has suspended television personality Billy Bush from the "Today" show after fallout over the host's 2005 taped lewd conversation with U.S. Republican presidential nominee Donald Trump, according to a show memo seen by Reuters on Sunday, Oct. 9. The suspension comes as a flood of Republicans have withdrawn their support for Trump over the video that emerged on Friday showing the businessman, then a reality TV star, talking with Bush on an open microphone about groping women and trying to seduce a married woman.
NEW YORK—U.S. Republican presidential nominee Donald Trump paced, frowned and physically loomed at times over Democratic rival Hillary Clinton during Sunday, Oct. 9, night's town-hall debate, prompting bewilderment and mockery from some on social media. The online reaction underscored the contentious tone of the encounter in St. Louis in which Trump and Clinton hurled insults at each other less than a month before the Nov. 8 U.S. presidential election.
HOUSTON—North Dakota oil producers were dealt another blow this week when Royal Dutch Shell said it would scrap plans to build an oil train terminal in Washington state that would have taken over 400,000 barrels per week of Bakken and other inland crudes. Shell's move comes at a bad time for Bakken producers, who have endured a two-year price rout and need new routes to move their oil to coastal refineries.
WASHINGTON—Republican Donald Trump on Sunday, Oct. 9, struck a defiant tone in the face of calls for him to abandon the U.S. presidential race, attacking prominent Republicans and saying he has "tremendous support" despite a storm over his vulgar comments about women. On a day in which Trump was due to debate Democratic presidential candidate Hillary Clinton and with a month to go to the Nov. 8 election, Trump took to social media to try to squelch any speculation that he could leave the race.
NEW YORK (Reuters) - A Long Island Rail Road passenger train derailed on Saturday, Oct. 8, near the community of New Hyde Park, New York, injuring as many as 29 people and halting service on the key transit line in both directions, railroad officials and police said. Official details were not available on the precise circumstances of the incident, which occurred at about 9 p.m. local time when a passenger train struck a work train about 20 miles east of Manhattan, according to police. It was not immediately clear if the work train was stationary at the time.