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716 Boissevain Road
Boissevain , VA 24606
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Twitter cuts jobs with eye on 2017 profit; Vine discontinued

The Twitter logo is displayed on a screen on the floor of the NYSEMore than 300 Twitter employees will be affected by the layoffs as part of a broader restructuring, a figure similar to an earlier round of reductions announced a year ago. Separately, the company announced it would discontinue Vine, a video app launched in 2013 that played brief clips on a repeat loop that struggled to compete with Facebook's Instagram. Twitter, which has seen user growth stall amid competition from nimbler rivals such as Instagram and Snapchat, said its user base ticked up 3 percent to 317 million average monthly active users in the quarter.

British data prompts global bond selloff; U.S. stocks flat

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in FrankfurtBy Hilary Russ NEW YORK (Reuters) - Strong growth data out of Britain prompted the worst daily selloff in gilts for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank of England interest rate cut. In the U.S., stock market losses led by Comcast and consumer discretionary stocks were offset by gains in the healthcare sector, while European stocks slid and the U.S. dollar hit highs against the Swedish crown and Japanese yen. Official data showed that Britain's economy slowed only slightly in the three months after it voted to exit the European Union.

European equities tentative as pound makes brief rally

The pound shot as high as $1.2272 and strengthened to just above 89 pence against the euro in Thursday morning dealsEuropean stocks made little headway Thursday amid a flurry of company earnings reports, while a rally by the British pound after better-than-expected economic growth data proved short lived. "Stock markets are going through a period of churn as investors digest a slew of corporate results, notably from European banks and US tech firms," Jasper Lawler, analyst at CMC Markets, said in an investors' note. "The FTSE 100, like the other main European indices, reversed early losses to make small gains, helped by a rebound in oil prices," he added.

Amtrak to pay $265M for Philadelphia crash that killed 8

FILE- In this Wednesday, May 13, 2015, file photo, emergency personnel work at the scene of a derailment in Philadelphia of an Amtrak train headed to New York. Amtrak will pay about $265 million to settle claims related to a deadly derailment in Philadelphia that killed eight people and injured more than 200 others. Lawyers who negotiated the settlement said people will have their awards in hand by June instead of going through years of legal wrangling. (AP Photo/Patrick Semansky, File)PHILADELPHIA (AP) ? Amtrak will pay $265 million to settle claims related to a crash last year that killed eight people and injured more than 200 others when a speeding train derailed on a curve at night.

The Latest: Pence invokes Cornhuskers at Nebraska rally

Republican vice presidential candidate, Indiana Gov. Mike Pence speaks during a campaign stop in Omaha, Neb., Thursday, Oct. 27, 2016. (AP Photo/Nati Harnik)WASHINGTON (AP) ? The Latest on the U.S. presidential race (all times EDT):

US charges 61 defendants in call center scam based in India

Assistant Attorney General Leslie R. Caldwell, right, of the Criminal Division, with Kenneth Magidson, center, of the Southern District of Texas; and U.S. Treasury Inspector General for Tax Administration J. Russell George, participate in a news conference at the Justice Department in Washington, Thursday, Oct. 27, 2016. Justice Department is announcing charges in connection with a call center operation said to be based in India. Federal prosecutors have unsealed an indictment charging 61 defendants in the United States and abroad, including five call center groups. The department says the extorted funds ended up being laundered with the help of prepaid debit cards. Arrests are taking place throughout the United States. (AP Photo/Pablo Martinez Monsivais)WASHINGTON (AP) ? It can be a frightening call to get ? and it's a familiar one for many thousands of Americans.

Belgium breaks deadlock on EU-Canada trade deal

Belgian Prime Minister Charles Michel told a press conference "an agreement" has been found in support of the EU-Canada trade dealBelgium announced a breakthrough Thursday to save a landmark EU-Canada free trade deal by winning over domestic holdouts who threatened to torpedo the agreement and further damage Europe's international credibility. News of the intra-Belgian agreement came too late for EU leaders and Canadian Prime Minister Justin Trudeau to go ahead with a signing ceremony in Brussels on Thursday. "This is an important agreement that is on the table," Prime Minister Charles Michel told a press conference after marathon talks to win over Belgium's fractious French-speaking communities.

Wal-Mart, Target each take cue from the other for holidays

Wal-Mart, Target each take cue from the other for holidaysWal-Mart and Target are each taking a cue from the other this holiday season. After years of emphasizing low prices, Wal-Mart wants to up the ante, but it also wants to be known for top customer service. ...

Suspect arrested in destruction of Trump's Hollywood star

Pedestrians walk past a cordoned off area surrounding the vandalized star for Republican presidential candidate Donald Trump on the Hollywood Walk of Fame, Wednesday, Oct. 26,2016, in Los Angeles. Det. Meghan Aguilar said investigators were called to the scene before dawn Wednesday following reports that Trump's star was destroyed by blows from a hammer. (AP Photo/Richard Vogel)LOS ANGELES (AP) ? Los Angeles police arrested a man suspected of using a sledgehammer to destroy Republican presidential candidate Donald Trump's star on the Hollywood Walk of Fame, officials said Thursday.

Phelps secretly took plunge in June, marrying girlfriend

Phelps secretly took plunge in June, marrying girlfriendMichael Phelps took the plunge in June, secretly marrying his longtime girlfriend two months before the Olympic great completed his last gold-medal haul. The Arizona Republic reports the 31-year-old swimmer ...