Markets


2 buses involved in major crash in New Jersey 2 buses involved in major crash in New Jersey
- September 03, 2016

Photos from the scene show one of the buses appears to have "t-boned" the other, splitting the second bus almost in half. The force of Friday's crash left the westbound bus embedded in the side of a northbound bus, which had come to rest on a traffic median tipped at a 30-degree angle. (more...)
Islamic State 'connected' to Bangladesh, Kerry says
- September 03, 2016

Commerce Secretary Penny Pritzker and senior officials from 12 U.S. government agencies and institutions. In addition to this, an attack during which 22 hostages, including 18 foreigners, were killed in a restaurant in Dhaka took place on the first of July. (more...)
Hillary Clinton, AMA urge EpiPen manufacturer to rein in 'exorbitant' costs
- September 03, 2016

Last year, more than 3.6 million prescriptions for EpiPen were written. It also says that since 2012, Mylan's EpiPen4Schools program has given schools more than 700,000 free EpiPens. "It has monopolistic control over the market". The cost comes from the design of the pen, which is necessary to make sure someone can easily use it and get the right dosage. (more...)
Apple's Cook calls European tax ruling 'total political crap' Apple's Cook calls European tax ruling 'total political crap'
- September 03, 2016

Apple CEO Tim Cook announced his company's intent to appeal in a letter issued several hours after the EU's ruling . Prime Minister Enda Kenny also criticized the decision, saying it was "in dispute", but independent ministers in his minority coalition appeared to disagree. (more...)
Barrick Gold Corporation (NYSE:ABX) Updates On Dividend Release Date Barrick Gold Corporation (NYSE:ABX) Updates On Dividend Release Date
- September 03, 2016

Chief Executive David Garofalo has promised savings that could add 20 cents per share to earnings on a one-year basis, Barron's said, citing analyst John Bridges of JPMorgan Chase & Co. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies and copper cathode is sold to various manufacturers and traders. (more...)
Agriculture closes offices in 5 states after threats Agriculture closes offices in 5 states after threats
- September 03, 2016

All other USDA Offices and the ARS Plains Area office in Ft. The building will remain closed on Wednesday. Offices are also closed in Connecticut, Maryland, North Carolina and West Virginia. 30, 2016. "In consultation with the Department of Homeland Security, USDA has taken some prudent steps to ensure the protection of their facilities and their personnel", he said at a news conference. (more...)
Samsung starts US recall program for Galaxy Note 7
- September 03, 2016

For those customers that previously purchased the Note 7 we will offer them a similar device until the issue is resolved. In an official statement , Samsung said as of September 1, there have been 35 reported cases from around the world. (more...)
Elon Musk Says Tesla Autopilot Is Getting an Upgrade Within Weeks Elon Musk Says Tesla Autopilot Is Getting an Upgrade Within Weeks
- September 03, 2016

It is available on the automakers new Model X and Model S. Pu it all together, and it's a bad day for Tesla Motors and SolarCity shares. That article also reported that the contract required Spacecom to purchase an insurance policy "covering project-related risks that would not otherwise be covered by Spacecom's own insurance policy covering the satellite's launch and first year in orbit". (more...)
PDP Criticises Apc-led Govt. Over Recession PDP Criticises Apc-led Govt. Over Recession
- September 03, 2016

According to PDP, the Buhari-led administration is just paying lip service to the issue of diversification of the economy. "The president if allowed to inspect Ido Osun Aerodrome, the worldwide market in Dagbolu, Osogbo/ Kwara Boundary road and Osogbo/Gbongan road among other abandoned projects may wish to assist the state in resuscitating them for the benefit of the citizens", he said. (more...)
Hermine pounds Florida, then churns north into Carolinas Hermine pounds Florida, then churns north into Carolinas
- September 03, 2016

Though sustained winds had weakened to 80 kilometers per hour, the National Hurricane Center warned that tens of millions of Americans were still at risk as the storm headed northeast toward the Atlantic seaboard. "We had a pretty stiff storm last night, and it dropped about 4 to 5 inches of rain on us through the night". At nearby Keaton Beach, about two dozen people waited on a road just after sunrise trying to get to their homes. (more...)
Federal interest rate hike possible, Janet Yellen says Federal interest rate hike possible, Janet Yellen says
- September 03, 2016

Wall Street spent the week biding its time before Federal Reserve Chair Janet Yellen made a speech on Friday. "She offset a possible hawkish near-term rate hike with a more palatable long-term outlook", said Ward McCarthy, a managing director at Jefferies. (more...)
JetBlue Completes First US-Cuba Commercial Flight In Over 50 Years JetBlue Completes First US-Cuba Commercial Flight In Over 50 Years
- September 03, 2016

JetBlue was a big victor with twice daily from Fort Lauderdale (one except Saturdays), and a daily service each from NY and Orlando. Lauderdale, Florida, to Santa Clara, Cuba , was set to be the first of a regular route for the airline. A band played Cuban music at the gate. A passenger of a JetBlue plane walks away after landing at the Abel Santamaria International Airport. The route may be a commercial challenge, at least initially, but it will be the first of a plethora of new flights ... (more...)
British Construction Sector Shrinks At Slower Pace British Construction Sector Shrinks At Slower Pace
- September 03, 2016

The construction purchasing managers' index (PMI), which is closely watched by policymakers at the Bank of England, hit 49.2 in August. Worryingly for the US economy, or at least for the manufacturing sector, there have only been two months of worse results since the economic crisis of 2008 / 2009. (more...)
Here's Why SolarCity Corp And Tesla Motors Inc Shares Are Down Here's Why SolarCity Corp And Tesla Motors Inc Shares Are Down
- September 03, 2016

The Wall Street Journal highlighted the financial struggles of both companies in a front-page article Thursday. The idea got more serious at the special meeting of Tesla's board on February 29, when Wheeler presented to directors "preliminary considerations related to product and operational synergies" that could come from a merger, which directors put off at the time. (more...)
Ireland doesn't want $14.5 billion in tax from Apple
- September 03, 2016

The European Commission ruled Tuesday that Ireland illegally provided state aid to the company by failing to collect taxes over a over a 10-year period. San Francisco: Apple may bring at least $5 billion of its offshore cash back to the United States next year, Chief Executive Officer Tim Cook suggested in an interview on Irish radio. (more...)
Half of South Korean shipping company's container fleet denied port access Half of South Korean shipping company's container fleet denied port access
- September 03, 2016

One of the world's biggest shipping companies has filed for receivership - leaving one of its vessels stuck in Prince Rupert. Almost a dozen Hanjin vessels have been seized by creditors, ports authorities and others in China and Singapore in the wake of the bankruptcy announcement. (more...)
Reliance Jio offers cheap data as it eyes 100 mn users
- September 03, 2016

As an introductory offer, these services will be free but will go up to a subscription of Rs 15,000 ($225). Existing operators under the aegis of Cellular Operators Association of India (COAI) have been locked in a battle with Reliance Jio over providing points of interconnect. (more...)
British manufacturing rebounds from post-Brexit plunge British manufacturing rebounds from post-Brexit plunge
- September 03, 2016

Any reading above 50 indicates expansion in the sector. Data over the past couple of weeks have shown consumer demand held up in the face of the referendum result. An index measuring output came in at 53.3, below July's 53.9. Meanwhile, the contraction signalled by the Italian PMI was the first since January 2015, as output growth slowed to near-stagnation and new order inflows decreased for the first time in 19 months. (more...)
Shipping company's bankruptcy spooks retailers as goods are stranded
- September 03, 2016

Other Hanjin clients are reportedly searching for alternative shippers for their goods as the company's vessels are feared to be seized by creditors. Those include members of the CKYHE Alliance - Evergreen Line, Cosco Container Lines, K Line and Yang Ming Line. (more...)
Downfall of South Korean Shipping Firm Tale of Chaebol Woes
- September 03, 2016

A note posted on TTI's website said it would discontinue delivery of all Hanjin import containers "until further notice". Hanjin Shipping owns 59 of the 132 container and bulk ships in its fleet. Another vessel off the Port of Prince Rupert in British Columbia, Canada, was not "presently being handled", the port said in a statement Wednesday. (more...)