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Fajr
04:47
Wednesday
19
September 2018

Fajr
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04:47
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12:16
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Markets

2,740.68 -0.08%
Volume
259,714,761
Turnover
-0.08%
Trades
2,153
11
Up
5
Flat
20
Down
Traded stocks 36
4,884.06 0.16%
Volume
34,366,253
Turnover
0.16%
Trades
1,028
11
Up
7
Flat
10
Down
Traded stocks 28
Most active
Invest Bank
2.35
RAK Ceramics
2.39
Watania
0.54
Al Salam Bank
1.45
Al Madina
0.29
Al Salam
0.46
Salama
0.6
Aman
0.62
UPP
0.68
Salama
0.6
FAB
14.22
Deyaar
0.45
UPP
0.68
Salama
0.6
Deyaar
0.45
Drake & Scull
0.39

CBS News


35 minute 48 second

Feds charge 3 men after busting $364 million Ponzi scheme

BALTIMORE - Three men are facing charges in what federal prosecutors describe as a $364 million Ponzi scheme that entrapped more than 400 victims nationwide.U.S. Attorney Robert Hur announced at a news conference Wednesday that 53-year-old Kevin Merrill of Towson, 54-year-old Jay Ledford of Westlake, Texas, and Las Vegas, and 28-year-old Cameron Jezierski of Fort Worth, Texas, have been arrested and charged with conspiracy, wire fraud, identity theft and money laundering.The indictment alleges that Merrill and Ledford invited people to buy so-called consumer debt portfolios and falsely represented that they'd profit from debt payments and flipping portfolios. Prosecutors say "proceeds"...
1 hour 26 minute

Spotify lawsuit accuses execs of discriminating against women

NEW YORK - A former sales executive is suing Spotify for gender discrimination and equal pay violations, saying executives organized "boys' trips" that excluded women and that the company paid men more for the same work.The executive, Hong Perez, sued the music streaming company and its head of U.S. sales, Brian Berner, in New York State Court on Tuesday. Perez claims that after Berner was reprimanded by Spotify for accepting free concert tickets, he blamed her and she was then fired for violating company policy. Spotify says in a prepared statement that it does not tolerate harassment or discrimination, but...
1 hour 30 minute

Trump's claim that this is "the worst and slowest" recovery isn't true

President Donald Trump on Wednesday took credit for boosting the growing U.S. economy, tweeting some false statistics about how poorly the recovery was doing until his election in 2016."The recovery got started on Election Day 2016," he tweeted. "Before that it was the worst and slowest economic recovery since the Great Depression. It took just 6 months for Trump to get to 3%, even though they said. ... it was impossible," he said. “The recovery got started on Election Day 2016. It took Trump’s Tax Cuts and Regulation Cuts to get the economy booming. Before that it was the worst...

1 hour 59 minute

Tilray stock soars after feds OK importing its medical pot into U.S.

Canadian cannabis company Tilray is now worth more than $21 billion, making it the most valuable publicly traded pot company on the planet.Shares of Tilray on Wednesday advanced for a third consecutive day as CEO Brendan Kennedy lauded the marijuana company's growth prospects along with others in the cannabis sector. Tilray jumped 29 percent after the company on Tuesday announced the U.S. Drug Enforcement Administration had given the green light for it to import medical marijuana for a clinical trial in California. On Wednesday, shares were up another 47 percent, to around $227, giving the company a total market value...
3 hour 1 minute

Why voting machines in the U.S. are easy targets for hackers

Campaign 2018: Election Hacking is a weekly series from CBS News & CNET about the cyber-threats and vulnerabilities of the 2018 midterm election. Part 1: Phishing attacks. Part 2: Influence campaigns. Next week: The dark web.Tens of thousands of voting machines in the United States are vulnerable to hacking.They have been successfully dismantled and attacked by security researchers for years to demonstrate their flaws. In 2017, at the annual Defcon hackers conference, one tech professor from the University of Copenhagenwas able to penetrate an Advanced Voting Solutions machine in about 90 minutes. The attackers were able to access the administrator...
3 hour 31 minute

30 million Americans now have diabetes

One in seven Americans has diabetes, and many don't know they have the blood sugar disease, a new report shows. According to the U.S. Centers for Disease Control and Prevention, 14 percent of U.S adults have diabetes. Ten percent know it and more than 4 percent are not diagnosed."Diabetes remains a chronic health problem in this country, affecting some 30 million people," said lead researcher Mark Eberhardt, an epidemiologist at CDC's National Center for Health Statistics (NCHS).A number of factors may be responsible for the increases in diabetes, he said. Those include an aging population, since diabetes strikes the elderly...

3 hour 45 minute

Mexican morgue director fired over stench of 157 corpses in truck

MEXICO CITY — The governor of the western Mexico state of Jalisco has fired the director of the state morgue after a refrigerated truck carrying 157 unidentified bodies drew complaints from neighbors over the smell. Jalisco Gov. Aristoteles Sandoval said he had ordered the ouster of the director of the Jalisco Forensics Institute for what he called "indolence and negligence."But the former director, Luis Octavio Cotero, told local media on Tuesday he had warned prosecutors two years ago that the state's overflowing morgue couldn't handle the number of bodies piling up amid Mexico's rising wave of homicides.According to BBC News,...
3 hour 57 minute

AutoNation chief, after 20 years, is turning over the keys

FORT LAUDERDALE, Fla. — Mike Jackson is stepping down after almost two decades leading AutoNation, the largest dealership chain in the U.S.Jackson, 69, steered AutoNation through the economic crisis and shares have increased fourfold since he took over in 1999, though he will relinquish his role as CEO next year with auto sales waning across the industry.Jackson has become an outspoken personality in regular appearances on the business channel CNBC.He earned a reputation as an innovator and last year, entered a multi-year partnership with Google to provide maintenance for its self-driving auto division, Waymo.He took over the struggling business in...
5 hour 34 minute

Florence's flooding claims 3.4 million poultry, 5,500 hogs

About 3.4 million chickens and turkeys and 5,500 hogs have been killed in flooding from Florence as rising North Carolina rivers swamped dozens of farm buildings where the animals were being raised for market, according to state officials.The N.C. Department of Agriculture issued the livestock mortality totals Tuesday, as major flooding is continuing after the slow-moving storm's drenching rains. Sixteen North Carolina rivers were at major flood stage Tuesday, with an additional three forecasted to peak by Thursday.The Department of Environmental Quality said the earthen dam at one hog lagoon in Duplin County had breached, spilling its contents. Another 25...

5 hour 36 minute

China looks unlikely to yield after Trump adds new tariffs

China unveiled a slew of changes under mounting pressure from U.S. President Donald Trump over technology.Beijing promised to cut tariffs, open its auto industry and buy American exports. But none of that was what Mr. Trump wanted: An end to development policies Washington says are based on theft of know-how and might erode U.S. industrial leadership.Exporters scrambled to replace lost orders after Mr. Trump pulled the trigger in July with his first round of tariff hikes on $50 billion of Chinese imports. Waves of job losses loom over factory towns. So far, however, Chinese leaders express confidence in their $12...
5 hour 40 minute

China still has "bullets" to fight Trump's trade war

Donald Trump's White House this week escalated its trade war, adding tariffs of 10 percent on another $200 billion on imported Chinese goods effective Sept. 24. That penalty will rise to 25 percent beginning Jan. 1.China retaliated on Tuesday as promised, following through with its own tariffs on $60 billion in U.S. goods from aircraft to liquified natural gas. That means the U.S. will start work on Mr. Trump's previous threats to impose tariffs on all of the remaining imported goods from China, the U.S.'s biggest trading partner last year. That would mean another $267 billion of Chinese imports would...
7 hour 32 minute

Woman killed as storm blows caravan off cliff in Ireland

LONDON -- A woman has died after a caravan she was sleeping in was blown off a cliff as the British Isles are battered by a heavy storm. Irish police said that the accident occurred in Galway County on Wednesday morning.Police said: "A search was carried out at the scene on the beach and after a short time the body of a female in her 50s was recovered."The storm, which has been dubbed Ali, has also left around 20,000 homes and businesses, mainly in the southwest of Ireland, without power. It is the U.K.'s first named storm of the season,...