Markets
North Korea rips US bomber flyover as bluff
- September 15, 2016
The United States is a troublemaker and has no right to lecture China about taking responsibility for reining in North Korea as tensions on the peninsula are a direct result of U.S. That quantity is enough for roughly six nuclear bombs , Hecker, who toured the North's main Yongbyon nuclear facility in 2010, wrote in a report on the 38 North website , of Johns Hopkins University in Washington DC, published on Monday. (more...)
- September 15, 2016
The United States is a troublemaker and has no right to lecture China about taking responsibility for reining in North Korea as tensions on the peninsula are a direct result of U.S. That quantity is enough for roughly six nuclear bombs , Hecker, who toured the North's main Yongbyon nuclear facility in 2010, wrote in a report on the 38 North website , of Johns Hopkins University in Washington DC, published on Monday. (more...)
Bayer signs deal to acquire Monsanto for $66 billion
- September 15, 2016
Bayer's offer is $4 billion more than its initial offer. The US firm has accepted a $128 per share offer from the Aspirin producer, in what represents the biggest all-cash deal in history . The deal is subject to approval by Monsanto shareholders and anti-trust regulators. There is a $2bn break fee if the deal does not complete. "Based on our preliminary analysis, and given the complementarity of the portfolios and geographic focus of both companies, we expect to maintain major sites ... (more...)
- September 15, 2016
Bayer's offer is $4 billion more than its initial offer. The US firm has accepted a $128 per share offer from the Aspirin producer, in what represents the biggest all-cash deal in history . The deal is subject to approval by Monsanto shareholders and anti-trust regulators. There is a $2bn break fee if the deal does not complete. "Based on our preliminary analysis, and given the complementarity of the portfolios and geographic focus of both companies, we expect to maintain major sites ... (more...)
Bayer finally buys Monsanto for $66 billion
- September 15, 2016
Bayer and Monsanto executives said they won't identify areas of business overlap before regulators in the European Union, U.S., Canada, Brazil and two dozen other countries review the acquisition for potential antitrust issues. advised Bayer on the transaction, while Morgan Stanley and Ducera Partners LLC acted for Monsanto . "That's in addition to a plastics business, diagnostic imaging products, health products for animals and a biotech division". (more...)
- September 15, 2016
Bayer and Monsanto executives said they won't identify areas of business overlap before regulators in the European Union, U.S., Canada, Brazil and two dozen other countries review the acquisition for potential antitrust issues. advised Bayer on the transaction, while Morgan Stanley and Ducera Partners LLC acted for Monsanto . "That's in addition to a plastics business, diagnostic imaging products, health products for animals and a biotech division". (more...)
Income and Health Insurance Coverage in the US Rise, Poverty Drops
- September 15, 2016
Incomes in the USA surged in 2015, delivering the first increase for family households in eight years. Median household income in the USA was $56,516 in 2015, compared to $53,718 in 2014. For the first time, median incomes are higher than when President Barack Obama took office, the AP reported, but still fall short of the $57,909 median income in 1999. (more...)
- September 15, 2016
Incomes in the USA surged in 2015, delivering the first increase for family households in eight years. Median household income in the USA was $56,516 in 2015, compared to $53,718 in 2014. For the first time, median incomes are higher than when President Barack Obama took office, the AP reported, but still fall short of the $57,909 median income in 1999. (more...)
Pure Gym Group plans to raise 190 million pounds via IPO
- September 15, 2016
The company, which is owned by funds advised by CCMP Capital Partners and Hermes GPE, declined to comment on how many shares it would sell or their expected price. Sir Chris joined Pure Gym in June a year ago as a brand ambassador, a role that also saw him become an investor in the business. Chairman Tony Ball said: "When the company was founded the traditional gym market was moribund". (more...)
- September 15, 2016
The company, which is owned by funds advised by CCMP Capital Partners and Hermes GPE, declined to comment on how many shares it would sell or their expected price. Sir Chris joined Pure Gym in June a year ago as a brand ambassador, a role that also saw him become an investor in the business. Chairman Tony Ball said: "When the company was founded the traditional gym market was moribund". (more...)
Justice Department is investigating Wells Fargo sales tactics
- September 15, 2016
The federal prosecutors' probes add a new headache for the company, which has been hit hard by allegations that its staff opened more than two million bank accounts and credit cards for customers without their consent to meet internal sales goals. (more...)
- September 15, 2016
The federal prosecutors' probes add a new headache for the company, which has been hit hard by allegations that its staff opened more than two million bank accounts and credit cards for customers without their consent to meet internal sales goals. (more...)
Scotland's unemployment rate drops below United Kingdom average
- September 15, 2016
The seasonally adjusted unemployment rate for August 2016 decreased by 0.1 percentage points to 5.6 per cent, and the seasonally adjusted labour force participation rate decreased by 0.2 percentage points to 64.7 per cent. Morneau is being overly optimistic about the direction of Canada's labour market. The employment rate in Scotland now stands at 74.1 per cent, which remains behind the UK-wide record average of 74.5 per cent. (more...)
- September 15, 2016
The seasonally adjusted unemployment rate for August 2016 decreased by 0.1 percentage points to 5.6 per cent, and the seasonally adjusted labour force participation rate decreased by 0.2 percentage points to 64.7 per cent. Morneau is being overly optimistic about the direction of Canada's labour market. The employment rate in Scotland now stands at 74.1 per cent, which remains behind the UK-wide record average of 74.5 per cent. (more...)
Median US household income rises
- September 15, 2016
Noncitizens, who tend to earn less and have higher workforce participation rates than native-born workers, saw some of the largest increases in incomes past year . That said, the government's annual report on incomes and poverty portrays suggests the recovery is starting to benefit a wider range of Americans. The US Census reported that the poverty rate in metropolitan statistical areas dropped to 13.0% in 2015, down from 14.5% in 2014; the number of metro area residents in poverty ... (more...)
- September 15, 2016
Noncitizens, who tend to earn less and have higher workforce participation rates than native-born workers, saw some of the largest increases in incomes past year . That said, the government's annual report on incomes and poverty portrays suggests the recovery is starting to benefit a wider range of Americans. The US Census reported that the poverty rate in metropolitan statistical areas dropped to 13.0% in 2015, down from 14.5% in 2014; the number of metro area residents in poverty ... (more...)
UPS to hire 95000 seasonal workers for upcoming holidays
- September 15, 2016
FedEx Corp, the main rival of UPS, has not yet announced its seasonal hiring numbers. And Target said Monday that it plans to hire 70,000 holiday workers for its stores, and 7,500 seasonal workers to help out in its distribution and fulfillment centers. (more...)
- September 15, 2016
FedEx Corp, the main rival of UPS, has not yet announced its seasonal hiring numbers. And Target said Monday that it plans to hire 70,000 holiday workers for its stores, and 7,500 seasonal workers to help out in its distribution and fulfillment centers. (more...)
Employees Are Paying A Bigger Chunk Of Health Insurance Costs
- September 15, 2016
Seven percent of companies with 50 or more full-time workers, who by law are obligated to offer them health plans, said they had shifted or planned to shift workers from part-time to full time to make them eligible for coverage, the survey found. (more...)
- September 15, 2016
Seven percent of companies with 50 or more full-time workers, who by law are obligated to offer them health plans, said they had shifted or planned to shift workers from part-time to full time to make them eligible for coverage, the survey found. (more...)
Fox News' recently named co-presidents sign new contracts
- September 15, 2016
Abernethy and Shine were promoted in August after Fox News Chairman Roger Ailes resigned in the wake of sexual harassment allegations. Former Fox News anchor Gretchen Carlson sued Ailes in July, claiming sexual harassment. Shine runs all programming and news functions of each network, including production, technical operations and talent management. 21 Century Fox settled the lawsuit with Carlson, issuing an apology and paying her $20 million. (more...)
- September 15, 2016
Abernethy and Shine were promoted in August after Fox News Chairman Roger Ailes resigned in the wake of sexual harassment allegations. Former Fox News anchor Gretchen Carlson sued Ailes in July, claiming sexual harassment. Shine runs all programming and news functions of each network, including production, technical operations and talent management. 21 Century Fox settled the lawsuit with Carlson, issuing an apology and paying her $20 million. (more...)
Volkswagen engineer pleads guilty to role in emissions scandal
- September 15, 2016
Liang admitted that he used the defeat device while working on the EA 189 and assisted in making the defeat device work. Deputy Chief Benjamin D. Singer and Trial Attorney Alison L. The Justice Department past year publicly stepped up efforts to charge individuals in corporate investigations, after facing criticism that it heavily penalized firms for corporate wrongdoing but prosecuted few executives for the same conduct. (more...)
- September 15, 2016
Liang admitted that he used the defeat device while working on the EA 189 and assisted in making the defeat device work. Deputy Chief Benjamin D. Singer and Trial Attorney Alison L. The Justice Department past year publicly stepped up efforts to charge individuals in corporate investigations, after facing criticism that it heavily penalized firms for corporate wrongdoing but prosecuted few executives for the same conduct. (more...)
Asian Stocks Waver As Policy Uncertainty, Weaker Oil Sap Confidence
- September 15, 2016
A downturn in risk sentiment has bolstered the Japanese currency due to its perceived safe-haven status. The broader all-share index advanced 89 points, or 2 percent, to settle at 4,663.29, on a value turnover of P8.9 billion. The Fed will also meet on those days, and contrasting comments from USA policymakers have led to uncertainty about the monetary outlook. "It's hard to say what will happen next week", he said. (more...)
- September 15, 2016
A downturn in risk sentiment has bolstered the Japanese currency due to its perceived safe-haven status. The broader all-share index advanced 89 points, or 2 percent, to settle at 4,663.29, on a value turnover of P8.9 billion. The Fed will also meet on those days, and contrasting comments from USA policymakers have led to uncertainty about the monetary outlook. "It's hard to say what will happen next week", he said. (more...)
Son hailed by Pochettino after double strike at Stoke
- September 15, 2016
Last season was tough for him and we have to make the decision, in or out. We're very pleased for him. "The first season is hard for every player but today he had an opportunity to show his quality, which is important for us and important for him". (more...)
- September 15, 2016
Last season was tough for him and we have to make the decision, in or out. We're very pleased for him. "The first season is hard for every player but today he had an opportunity to show his quality, which is important for us and important for him". (more...)
Wall Street slips on rate jitters, oil slide; Apple surges
- September 15, 2016
Worries include fears that higher interest rates will hurt the economy, overvalued stock prices and continued uncertainty over the presidential election and the strength of the economy. The benchmark S&P 500 index tumbled Friday, bounced on Monday before again retreating on Tuesday. The Nasdaq is up 147.84 points, or 3 percent. (more...)
- September 15, 2016
Worries include fears that higher interest rates will hurt the economy, overvalued stock prices and continued uncertainty over the presidential election and the strength of the economy. The benchmark S&P 500 index tumbled Friday, bounced on Monday before again retreating on Tuesday. The Nasdaq is up 147.84 points, or 3 percent. (more...)
Navy Conducts First Live Fire NIFC-CA Test with F-35
- September 15, 2016
The aircraft passed data through its Multi-Function Advanced Data Link to a ground station connected with the Aegis system on the land-based test. A Navy "desert ship" at White Sands Missile Range, N.M. Lockheed said Tuesday the Trident II D5 fleet ballistic missile flight test during DASO-27 worked to certify the USS Maryland submarine's crew and weapon system to perform strategic outload and patrol. (more...)
- September 15, 2016
The aircraft passed data through its Multi-Function Advanced Data Link to a ground station connected with the Aegis system on the land-based test. A Navy "desert ship" at White Sands Missile Range, N.M. Lockheed said Tuesday the Trident II D5 fleet ballistic missile flight test during DASO-27 worked to certify the USS Maryland submarine's crew and weapon system to perform strategic outload and patrol. (more...)
Ford to move all small-car manufacturing to Mexico from US
- September 15, 2016
The frame of a Ford Mustang vehicle moves down the production line at the Ford Motor plant in Flat Rock, Mich., in August 2015. Ford past year said it would move C-Max and Focus production out of MI, then announced a $1.6 billion small-car factory in Mexico, but the company waited until now to announce the obvious connection. (more...)
- September 15, 2016
The frame of a Ford Mustang vehicle moves down the production line at the Ford Motor plant in Flat Rock, Mich., in August 2015. Ford past year said it would move C-Max and Focus production out of MI, then announced a $1.6 billion small-car factory in Mexico, but the company waited until now to announce the obvious connection. (more...)
FTSE 100 Index falls sharply amid Clinton and US rate hike concerns
- September 15, 2016
European stock markets are trading sharply lower on Monday as investor sentiment was rattled by concerns that the U.S. Federal Reserve could be considering an imminent interest rate hike. Associated British Foods , which owns fashion chain Primark, was the biggest loser on the market and had seen its share price drop nearly 10% on Monday afternoon following a disappointing financial results release in the morning. (more...)
- September 15, 2016
European stock markets are trading sharply lower on Monday as investor sentiment was rattled by concerns that the U.S. Federal Reserve could be considering an imminent interest rate hike. Associated British Foods , which owns fashion chain Primark, was the biggest loser on the market and had seen its share price drop nearly 10% on Monday afternoon following a disappointing financial results release in the morning. (more...)
McCaskill defends Clinton on 'deplorables' comment, pneumonia disclosure
- September 15, 2016
But, McCaskill said that "when you are working as hard as Hillary Clinton is used to working, I think it is very hard for her to slow down". Trump concluded his brief remarks speaking to Schlafly, saying, "we will never, ever let you down". (more...)
- September 15, 2016
But, McCaskill said that "when you are working as hard as Hillary Clinton is used to working, I think it is very hard for her to slow down". Trump concluded his brief remarks speaking to Schlafly, saying, "we will never, ever let you down". (more...)
UK regulator seeks to ban former Barclays executive for misconduct
- September 15, 2016
The FCA has set out its case to ban a former Barclays executive for withholding a report that claimed its wealth management division was "actively hostile to compliance". Poor management at the U.S. arm of Barclays wealth management business cost it $15m in fines in 2014. The FCA alleged Tinney was reckless when contributing to a draft note about the email because he did not mention the report. (more...)
- September 15, 2016
The FCA has set out its case to ban a former Barclays executive for withholding a report that claimed its wealth management division was "actively hostile to compliance". Poor management at the U.S. arm of Barclays wealth management business cost it $15m in fines in 2014. The FCA alleged Tinney was reckless when contributing to a draft note about the email because he did not mention the report. (more...)
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Oil rises over 1% on U.S. crude stockpile draw, manufacturing activity