Markets


Twitter shares spike amid Google takeover reports
- September 27, 2016

Telecom giant Verizon and software giant Microsoft may also be interested, according to TechCrunch . Twitter shares were up 21 percent on Friday. User growth in the most recent quarter of this year was only around 1%. This, despite Twitter co-founder Jack Dorsey returning to the firm as chief executive a year ago with a long-term strategy to turn the business around. (more...)
CEO of company that makes the Epipen Faces Congressional Committee CEO of company that makes the Epipen Faces Congressional Committee
- September 27, 2016

The embattled chief executive of Mylan , Heather Bresch, defended the company that makes Epipen and the rising cost. Mylan pays back much of the list price, $274, in the form of rebates and fees, the CEO says. The EpiPen device delivers a regulated dose of epinephrine to someone in the case of a severe allergic reaction. People usually keep multiple EpiPens handy at home, school or work, but the syringes, prefilled with the hormone epinephrine, expire after a year. (more...)
German business confidence surges to highest since May 2014 German business confidence surges to highest since May 2014
- September 27, 2016

The reading for August was upwardly revised to 106.3 from 106.2. FRANKFURT - German business confidence improved significantly in September, the Ifo economic institute said on Monday, recovering from a post-Brexit slump a month earlier and suggesting a more positive outlook for Europe's largest economy. (more...)
Fed will seek more capital from largest US banks - Tarullo
- September 27, 2016

Under the plan, roughly 25 regional banks including Regions Bank and SunTrust Bank would face less scrutiny during the annual stress test. Those lenders will only undergo a "quantitative" review of their systems. Tarullo has been a key architect of banking rules conceived since the 2007-2009 financial crisis. "This would generally result in a significant increase in capital requirements" for the largest banks, Tarullo said in a speech at the Yale School of Management. (more...)
Hackers steal info from 500 million Yahoo users
- September 27, 2016

NY resident Ronald Schwartz, sued on behalf of all Yahoo users in the U.S. whose personal information was compromised. The disparity between the speed of compromise and the speed of detection is one of the starkest failures discovered in breach investigations, " Kaur explained. (more...)
China's Dalian Wanda in talks with Dick Clark Productions China's Dalian Wanda in talks with Dick Clark Productions
- September 27, 2016

Sources say Wanda has held talks in recent weeks about Dick Clark, which produces So You Think You Can Dance in addition to its staple of awards shows, though the talks are said to be in the early stage and due dilligence on the company's assets has begun. (more...)
Mylan's EpiPen profits are 60 per cent more than Mylan's EpiPen profits are 60 per cent more than
- September 27, 2016

So, the real, pre-tax profit from an EpiPen two pack is $166, a 66 percent increase from what Bresch told Congress. The company - registered in the Netherlands for tax reasons but run from its operational headquarters in Canonsburg, Pa. On Monday, Mylan provided new analysis on the profitability of the EpiPen in the U.S.to incensed committee members and the Securities and Exchange Commission, clarifying among other things that the profitability numbers were computed after taxes. (more...)
Clinton, Trump urged to lobby for Hispanic debate moderator
- September 27, 2016

The first two segments will focus on "America's Direction". SEGMENT FORMAT: Each segment will begin with a question. This first of three nationally televised debates will give the candidates a chance to introduce themselves - or re-introduce themselves - to skeptical American voters who will be watching closely for the slightest misstep, awkward gesture or fatal altercation. (more...)
Clinton, Trump prepare for first debate
- September 27, 2016

Mr. Trump's biggest advantage is his unpredictability - this is a candidate who bragged about the size of his genitalia during a primary debate. At the bottom is a disclaimer that states his campaign paid for the Geofilter, which is available nationwide. (more...)
UK opposition Labour plans borrowing to revive industry, win back supporters UK opposition Labour plans borrowing to revive industry, win back supporters
- September 27, 2016

Speaking to The Observer, Mr Corbyn said: "I have been given the authority by the members and that is what I intend to deliver on". OJeremy Corbyn celebrates his victory following the announcement of the victor in the Labour leadership contest between him and Owen Smith at the ACC Liverpool. (more...)
McCarthy Seeks to Heighten Debate Expectations for Clinton
- September 27, 2016

Who will participate? Democratic presidential nominee Hillary Clinton and Republican presidential nominee Donald Trump will debate face-to-face tonight at Hofstra University in Hempstead, New York. Each broad theme will be discussed for 30 minutes. Trump's running mate, Indiana Gov. Mike Pence , told CBS's "Face the Nation" Sunday that he's confident the GOP presidential nominee will "absolutely" tell the truth at the debate Monday. (more...)
Fired Wells Fargo workers fight back with lawsuit Fired Wells Fargo workers fight back with lawsuit
- September 27, 2016

The fake account scandal at Wells Fargo has done real damage to the bank's stock price. Should Stumpf resign, he would walk away with a $200 million pay-out. But Wells Fargo had other victims, so I'm going to say a few more things about this scandal while it's on my mind, even though it may seem like piling on to the few Wells Fargo employees in Arkansas. (more...)
What We Learned From NY Jets Beating Buffalo Bills What We Learned From NY Jets Beating Buffalo Bills
- September 27, 2016

The Bills' ownership was said to be in support of the move and in support of Rex Ryan to continue to coach the team as he sees fit. However, according to NFL Media's Ian Rapoport , the Pegula's may have liked the choice to part ways with Roman, but it certainly was not Ryan who made that call. (more...)
Deutsche Bank shares fall sharply after report Deutsche Bank shares fall sharply after report
- September 27, 2016

In late 2013, Deutsche Bank agreed to pay $1.9 billion to settle claims that it defrauded U.S. government-controlled Fannie Mae and Freddie Mac, America's biggest providers of housing finance, into buying $14.2 billion in mortgage-backed securities before the 2008 financial crisis. (more...)
Man shot near popular Chicago tourist destination dies Man shot near popular Chicago tourist destination dies
- September 27, 2016

The dispute became physical, and the other man shot Fabbri in the head. Paul Pagan has been charged with the murder, Chicago Police spokesman Anthony Guglielmi announced Monday afternoon. The suspected shooter rode a bicycle away from the scene but police caught up with him. "There was a political discussion going on", he said. Frankie Cortez, 18, was near the park and said he "saw blood on the ground and police everywhere". (more...)
Chicago teachers' union votes to authorize strike Chicago teachers' union votes to authorize strike
- September 27, 2016

If the CTU were to move forward, the first possible date for the strike would be Tuesday, Oct. 11. The union says 95 percent of it's members voted to walk off the job in balloting that took place last week, and over 90 percent cast ballots. (more...)
The Lumineers to Play President Obama's South by South Lawn Festival The Lumineers to Play President Obama's South by South Lawn Festival
- September 27, 2016

The conversation between Obama and DiCaprio will also include climate scientist Dr. Katharine Hayhoe , and will be followed by a screening of DiCaprio's National Geographic documentary Before the Flood , which will make its USA debut at the festival. (more...)
Polls Show Trump With Lead Over Clinton Going Into First Debate Polls Show Trump With Lead Over Clinton Going Into First Debate
- September 27, 2016

That's the narrowest gap since July 31. Granted, some of this is Clinton's doing, although when she does say things that are factually true like half of Trump's supporters are racist, people chastise her for saying that out loud, so she's in a bit of a lose-lose situation. (more...)
Twitter Likely About To Get Bought, Maybe By Google Or Salesforce Twitter Likely About To Get Bought, Maybe By Google Or Salesforce
- September 27, 2016

TechCrunch reported Friday that Verizon is also interested in purchasing Twitter . After the reports of a possible acquisition of the microblogging platform by a giant of the game like Google surfaced online, Twitter stock went through a mini-surge that saw an increase of more than 20% in share prices. (more...)
AAA: Florida gas price average continues to decline AAA: Florida gas price average continues to decline
- September 27, 2016

The price at the pump now averages $2.09 a gallon across the Palmetto State, according to gas price service GasBuddy. The average in Georgia was $2.34 Monday, up 4 cents from the previous Monday. "The overall drop in gasoline inventory tied to Colonial Pipeline was approximately 8.5 million barrels", he said. Florida's state average of $2.15 is $1.14 less than this time two years ago when prices exceeded $3 a gallon. (more...)

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