Markets


Mondelez says it ended talks to buy Hershey Mondelez says it ended talks to buy Hershey
- August 31, 2016

Had Hershey accepted the terms of Mondelez's offer, the merger would have resulted in the creation of the world's largest candy company. The company was created after a split from Kraft Foods , which has since gone on to combine with ketchup maker Heinz to create the Kraft Heinz Co. (more...)
Hollande says no TTIP deal by year-end
- August 31, 2016

Paris threatened to stall further negotiations as long ago as April, but there are national elections due in both France and Germany in 2017, and before the summer, experts were saying that this year - ahead of the US presidential election - may be the best opportunity to strike a deal. (more...)
Apple must pay Ireland up to 13 bn euros in taxes
- August 31, 2016

The size of the tax demand, which came in a formal decision issued Tuesday, risks further unsettling multinational companies, which face a broader global effort to curb aggressive tax avoidance. An editorial at Bloomberg View chose to blame both sides, saying the USA needs to reform its corporate tax system, while also describing the European Union's retroactive remedy as unjust. (more...)
European Union orders Apple to pay 13 billion euros for past taxes
- August 31, 2016

The commissioner in charge of competition policy, Margrethe Vestager, says that under European Union rules , "Member states can not give tax benefits to selected companies". And yet the government said it will appeal the decision, arguing it granted no special treatment to Apple . Cook accused the commission of trying to "rewrite Apple's history in Europe, ignore Ireland's tax laws and upend the worldwide tax system in the process". (more...)
Pastor and key Trump booster sorry about Clinton 'blackface' tweet Pastor and key Trump booster sorry about Clinton 'blackface' tweet
- August 31, 2016

Hillary Clinton is pushing a false "I care about the little guy" image to win over the less advantaged in this country and it truly is nauseating. "Obviously, I truly didn't mean to offend anybody, which is why I took it down and I offered an apology because the message got lost in the methodology", said Burns. (more...)
ISIS says its spokesman killed in Syria ISIS says its spokesman killed in Syria
- August 31, 2016

Russian and Syrian regime aircraft conduct airstrikes in the city of Aleppo , but US military aircraft do not fly over the city because USA military officials say there is not a large ISIS presence there. He said US officials are "still assessing the results of the operation". The US Department of Justice considers Adnani a senior leader in IS, and had issued a $ 5 million reward for his capture. (more...)
Islamic State Says One Of Its Senior Leaders Has Been Killed Islamic State Says One Of Its Senior Leaders Has Been Killed
- August 31, 2016

U.S. military sources told various news outlets on Tuesday afternoon that they had targeted an "ISIL senior leader" near al-Bab - between Aleppo and Manbij - on Tuesday, but refused to confirm that it was Adnani . The Brookings Institution has informed that Adnani, who played allegiance to Islamic State's predecessor al Qaeda more than ten years ago, was once imprisoned by USA forces in Iraq. (more...)
U.S. shares slip on Fed rate hike worries; dollar climbs
- August 31, 2016

The data supported expectations that the Fed could raise rates this year after top Fed officials have said recently that such a move was possible. Fed Chair Janet Yellen said on Friday she thought the case had grown stronger in recent months for an interest rate increase, remarks that Fischer later that day said were consistent with a view that the USA central bank might raise rates at its next policy meeting in September. (more...)
GCSE RESULTS: Outstanding maths and English grades at Serlby Park Academy
- August 31, 2016

Other high results were achieved in subjects such as art, graphics, music, PE, religious studies and textiles, triple science, music, and PE which averaged 92 per cent A* to C. Charlotte Tissier got five As, three A*s and two Bs. Vale. Only days after his first child was born, he took students on a weekend maths camp to ensure they were as prepared as they could be for a Monday morning maths exam. (more...)
Turkish solider killed in rocket attack near Syria's Jarablus
- August 31, 2016

Turkey's state-run Anadolu news agency said the army had killed 25 Kurdish "terrorists" in air strikes as part of its unprecedented operation inside Syria. It is estimated that the rocket was sacked at the tank by Kurdish rebels. But some rebel groups have rejected the plan. Turkey's state news agency, citing military sources, said the Turkish Military Joint Special Task Forces and coalition airplanes targeted an ammunition depot and a barrack and outpost used as command centers by "terror ... (more...)
Can not throw money at women in dance bars Can not throw money at women in dance bars
- August 31, 2016

Appearing for IHRA, senior counsel Jayant Bhushan told the court that the definition of "obscene dance" is so vague that it was capable of being misused. Nagappan issued notice to the Maharashtra government for its response. Telling the court that entire new law and the rules were an attempt to do again the things that have been set aside by the court, Bhushan told the court that law provides that where there is dance bar, there could not be an orchestra, and where there is an orchestra, ... (more...)
Two dead, 36 hurt after bus hits fire truck, more vehicles
- August 31, 2016

He will be taken to the St. John Parish Correctional Center to be booked with criminal charges, including negligent homicide. According to Louisiana State Police reports , a trooper parked his cruiser near the fire truck to alert oncoming traffic that they needed to stop. (more...)
Eurozone inflation remains low in wake of energy price slump Eurozone inflation remains low in wake of energy price slump
- August 31, 2016

The fall in goods prices has continued to slow slightly with an annual decline of 0.6% from 0.7% in July, while the services sector inflation rate edged lower to 1.3% from 1.4%. Eurostat's flash estimate for the month does not include a monthly calculation. The data will ease immediate Bundesbank concerns that inflation could move sharply higher, although they will continue to watch developments closely. (more...)
Trump to meet Mexican President
- August 31, 2016

Trump has routinely assailed Mexican immigrants who illegally cross the border into the United States. A sudden global trip by a U.S. presidential candidate would be a logistical and security nightmare at such short notice. Peña Nieto extended an invitation to both Trump and Hillary Clinton last week. While the first female presidential candidate of a major USA party is yet to respond, Trump's affirmative reply is surprising, given his track record with Mexico has been tumultuous, at least ... (more...)
Virginia Tech Police Investigating Threatening Emails Virginia Tech Police Investigating Threatening Emails
- August 31, 2016

Campus police are investigating. The Chairman of the college's Emergency Management Team sent a note to the campus community saying, they learned about the threats Monday afternoon. The organization helps train and educates campus police across the state. "Virginia Tech Police are working with our state and federal partners". A campus newspaper, the Collegiate Times , reported the threatening email had the following one line. (more...)
Nykea Aldridge Death Comes Amid Spike in Chicago Shootings, Murders Nykea Aldridge Death Comes Amid Spike in Chicago Shootings, Murders
- August 31, 2016

Dozens of people gathered at a Chicago church Sunday for a prayer service to remember Aldridge. Aldridge, a 32-year-old mother of four, was walking near a school where she was planning to register her children when she was shot in the head and arm. (more...)
Japan government: Mitsubishi Motors overstated fuel economy on eight more models Japan government: Mitsubishi Motors overstated fuel economy on eight more models
- August 31, 2016

The transport ministry investigation into Mitsubishi was started after the company first revealed in April that it had rigged fuel efficiency figures for two of its own vehicles along with two vehicles it produced for Nissan. The company logo of Mitsubishi Motors is seen at its headquarters in Tokyo, Japan. The automaker filed for catalog updates Tuesday, and sales will likely take two to three weeks to resume. (more...)
Trump booster apologizes for Clinton 'blackface' tweet Trump booster apologizes for Clinton 'blackface' tweet
- August 31, 2016

He said it represents Hillary Clinton's pandering to black voters with the message, "Thank you for your votes and letting me use you again". In an interview on MSNBC , Burns initially defended the tweet, saying his decision to post the cartoon was born out of a frustration with African Americans voting against their own interests and politicians who "tap dance" for votes but disappear after taking office. (more...)
Yellen sees stronger case for interest rate hike
- August 31, 2016

The remarks were made in a speech in Jackson Hole, Wyoming. "Based on this economic outlook, the FOMC continues to anticipate gradual increases in the federal funds rate will be appropriate over time". Commenting on Yellen's speech, Subadra Rajappa, head of rates strategy at Societe Generale, was cited by the BBC as saying, "We weren't really expecting her to signal a hike at the September meeting, but she's just kept the door open for a hike sooner rather than later". (more...)
Florida primary election kicks off smoothly
- August 31, 2016

Rubio beat millionaire developer Carlos Beruff , the only major GOP candidate to stay in the race after Rubio chose to run for re-election two days before the deadline to make the ballot. Rubio is polling well ahead of Beruff. Clinton maintains a small but consistent lead over the real estate mogul in Florida , which analysts say should keep Murphy within striking distance of the well-known and generally popular Rubio as Election Day approaches on November 8. (more...)

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