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Business

Baldwin Takes Aim at Mylan, Drug Companies

She emphasized that the company plans a half-price version of the device, that it provides them free to many schools and said that Mylan's generic medications combined have saved the US healthcare system $180 billion in costs over a decade.

Business

Dunford: No doubt Russia is responsible for aid convoy hit

All aid convoys in Syria have been suspended after the attack on 18 trucks carrying humanitarian supplies. Monday night's attack in Aleppo province on a Red Crescent warehouse where United Nations aid was delivered killed 20 people and destroyed most of the goods.

Business

German bond yields soar, hit highest levels since day after Brexit

West Texas Intermediate crude jumped 3.83% to $47.31 per barrel and Brent crude advanced 3.44% to $49.69 per barrel. The sector is up 17.4 percent this year. Market bears have groused that major USA stock-market indexes trading near record levels are not underpinned by strong corporate quarterly results and are likely due for a more pronounced selloff.

Business

Changes to the federal student financial aid application process

The FAFSA is the first step in the financial aid process to receive a grant or a loan. Starting the financial aid process earlier and accepting older tax returns offer planning benefits to high schoolers as they begin the application process, yet these small FAFSA reforms do little to ease the greatest burden of pursuing a college degree.

Business

Canada and China announce free trade talks

Canada's Liberal government, which came to power last fall, has pledged to improve dialogue with China, something Mr. Trudeau says Canada's previous Conservative government failed to cultivate. He cited the country's enormous population as one of the reasons it has not been abolished, arguing that more innocent people could be hurt if the punishment were not so severe.

Business

Bed Bath & Beyond Stumbles Over Earnings

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 43.11 on Thursday. (NASDAQ:BBBY) giving the company a "Neutral" rating. BTIG Research assumed coverage on shares of Bed Bath & Beyond in a research note on Wednesday, June 1st. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . JBLU institutional ownership remained 82.00% while insider ownership included 0.40%.

Business

US Fed keeps rates unchanged, India says its markets attractive

When the Fed does eventually act, if it turns out that the move is "late", the central bank can always catch up by lifting rates by larger amounts or more frequently in the future. The S&P 500 was up 15.01 points, or 0.69 per cent, at 2,178.13. Three Fed presidents voted the opposite way - a rare amount of opposition, and the most in almost two years.

Business

European shares rally as Fed keeps rates unchanged

On the one hand, she said , there was the prospect that keeping interest rates too low could risk "overheating" the economy, while on the other there was the danger that an increase could set off a recession. They believed that the Fed, starting with a late-August speech by Yellen in Jackson Hole, Wyo., was preparing investors for an imminent increase. While the Fed's decision to keep rates steady has reduced market volatility for the moment, that could change, says Mike Materasso, senior ...

Business

Federal Reserve holds off on raising key ineterest rate

Steady job gains have pulled discouraged workers back into the job market and yet inflation remains below the Fed's 2 percent target rate. But that will also depend on whether the Reserve Bank of India (RBI) lowers interest rates next month.

Business

Asian stocks rise after Fed leaves United States rates unchanged

London's FTSE 100 advanced 0.5 percent to 6,866.30. The New Zealand dollar slipped to as low as $0.7316 earlier on Thursday, but later regained its footing and was last trading at $0.7362, up 0.2 per cent from late United States trade on Wednesday.

Business

Chinese premier arrives on Parliament Hill to kick off Canadian visit

Canada and China are launching exploratory talks towards a free trade agreement, Prime Minister Justin Trudeau said Thursday during a visit that saw the Chinese premier publicly defend his country's use of the death penalty. Two major human rights organizations, Amnesty International and Human Rights Watch , questioned Canada's pursuit of an extradition deal, saying it doesn't square with China's rights record, including its widespread use of the death penalty.

Business

License to sell jetliners to Iran, ending ban

Airbus spokesman Justin Dubon told AP on September 21 that Airbus received the license from the U.S. Treasury Office. Airbus confirmed a license for the sale of 17 planes, part of a larger deal to include a total of 118 planes. Iran's United Nations mission did not immediately respond to a request for comment and the country's state media did not immediately report the approval.

Business

Facebook chief Mark Zuckerberg to give $3 billion to 'cure all disease'

The plans were revealed during an event in San Francisco for their philanthropic group, the Chan Zuckerberg Initiative, on Wednesday. This is about the future we all want for our children. The $3 billion will come from the $45 billion organization Mark Zuckerberg and his wife Priscilla Chan started previous year to advance human potential and equality.

Business

Fed leaves investors waiting for Trump and Clinton

The Dow Jones industrial average was up 118.58 points, or 0.65%, to 18,412.28, the S&P 500 had gained 12.05 points, or 0.56%, to 2,175.17 and the Nasdaq Composite had added 33.20 points, or 0.63%, to 5,328.38. The BoJ said it will continue asset purchases at a rate of about 80 trillion yen ($787 billion) a year. But a high New Zealand dollar and tepid inflation - running at just 0.4 percent versus a target of 1 percent to 3 percent - gave the RBNZ reason to predict more easing to come.

Business

Rome's new mayor set to pull plug on 2024 Olympics bid

Raggi is a member of the populist Five Star movement which opposed the games during the election in June. The remaining cities in the running include Los Angeles , Paris and Budapest . So which city will host them? With last month's Rio Olympics, the IOC is also coming off the most controversial Games in at least 40 years. It also said any budgetary overruns could worsen Rome's already huge debt, which amounts to as much as €16 billion ($17.9 billion).

Business

Analyst Earnings Estimates Coverage: Twitter, Inc. (NYSE:TWTR)

Historically, if we look at price target revisions, two weeks ago AT&T Inc. 25 number of analysts also provided their insight on KeyCorp, where the Average Price Target for the stock is $13.91. AT&T Inc. (NYSE:T)'s shares are now trading -7.91% away from the 52-week high price of $43.50 and +32.44% far from the 52-week low price of $30.25. 04/20/2016 - MasTec, Inc.

Business

SEC Probe Called Possible 'Moment of Reckoning' for Exxon's Climate Crimes

News of the investigation saw ExxonMobil's shares drop by 1.5 percent at the close of trading on Tuesday, reported Reuters . The SEC is also examining how Exxon accounts for the potential impact on its business of climate change policy.

Business

Colonial expects USA gasoline line restart Wednesday after leak

Colonial Pipeline says most of the gas is contained in a retention pond near the city of Helena, and there's no public safety concern. Colonial Pipeline will begin restarting its Line 1 today, September 21, following a leak that began earlier this month, causing hundreds of thousands of gallons of gasoline to flood remote parts of Alabama and Georgia.

Business

Relief Rally in Asia after Fed Leaves Interest Rates Unchanged'

The Fed will update its quarterly economic forecasts Wednesday. Markets also have increased comfort that, when they do occur, the pace of rate increases is likely to be pretty glacial for the medium term. The Australian dollar has gained nearly one US cent after the US Federal Reserve decided against raising interest rates, while the new head of the Reserve Bank of Australia indicated there is little chance it will cut rates in the short term.

Business

GoPro Inc Earns Price Target Increases After Karma Drone Launch

Together with the new Hero5 models, the company also unveiled their very own drone called the Karma . Users have to pay $5 per month, although they do get the first month free. This should eliminate the inadvertent shots of the drone's rotors while shooting footage. While some investors may raise concerns that the flight control processor in the Karma drone is likely a Qualcomm design and not an Ambarella SoC, the HERO5 family of cameras contains Ambarella's SoCs.

Business

US Fed keeps rates steady, signals one hike by end of year

FOMC also reduced its expectations both for economic growth and inflation this year, though the statement said "the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year".

Business

Practo app users can book Ola cabs for their appointments

Uber said there wouldn't be any difference between scheduled and regular bookings for drivers. The San Francisco-based company that once focused on immediate hails is branching out to more traditional black auto services. Uber undid this once informed it was an emergency situation and has since offered refunds for anyone who did pay the higher rate in New York City. New users can directly sign up for Uber from the Yatra App itself even if they don't have the Uber app downloaded on their ...

Business

Paris climate agreement takes center stage at UNGA

Ban, President Obama and other world leaders hope to get the agreement into force by the end of the year. Negotiators gather for COP 21 in Paris, December 2015. "It is a physical reality", said Tuesday's letter , signed by 375 members of the US National Academy of Sciences, including 30 Nobel laureates and renowned scientists such as Stephen Hawking.

Business

Imperial Tobacco Group PLC (IMBBY) Upgraded to Buy by Jefferies Group

Shore Capital reissued a buy rating on shares of Centaur Media Plc in a research report on Friday, May 27th. Societe Generale reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, June 28th. Investors of record on Thursday, September 15th will be issued a GBX 1.50 ($0.02) dividend. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 4.35%.

Business

Dollar falls broadly after Fed cuts longer-term rate view

Gold futures saw residual buying Thursday morning in the USA, spurred higher by the Federal Reserve's decision to hold-off on lifting interest rates despite a healthy labour market and modest signs of inflation. "However, gold's good recovery once again from the support area will discourage any aggressive selling", he said, adding the metal would trade between $1,310-$1,350 in the absence of fresh news.

Business

Asia report: Markets higher as central banks stand pat

FED WATCH: The Federal Reserve kept its key interest rate unchanged but signaled it is likely to rise before year's end. It fell to a one-week low after the Fed's statement was released. The Fed's decision does not reflect a lack of confidence in the economy, according to Yellen. BANK OF JAPAN: The Japanese central bank said it will hold its short-term policy rate at negative 0.1 percent and might cut it further.

Business

The case for an increase in the federal funds rate has strengthened

For the first time since Yellen became Fed chair in February 2015, there were three dissents to the Fed's statement. No further rate hikes have followed. Earlier on Wednesday, global markets reacted to the Bank of Japan's abrupt shift to targeting interest rates on government bonds to achieve its elusive inflation target.

Business

Divided fed holds rates steady, stocks jump

While Yellen's statement may be the meant to point to a move by the end of the year, "we can't help but think leaving a three-month window simply leaves three months for something to go wrong and preclude a December rate hike", Moody said.

Business

Federal Reserve Keeps Rates Unchanged , Signals Hike Ahead

Jabil Circuit fell 3.8 percent to $22.83 after the contract electronics maker said it intends to realign its business at a cost of $195 million over two years. Economists believe policymakers would avoid a rate hike in November in part because the meeting falls just days before the USA presidential election.

Business

Elizabeth Warren had harsh words for the Wells Fargo CEO

She made it clear that his answer did not respond to her question and claimed her question was about responsibility and continued saying: "Have you returned one nickel of the million of dollars that you were paid while this scam was going on?" "You haven't resigned", Warren said .

Business

Second night of protests

The mayor of Charlotte and the Chairman of Mecklenburg County Board of County Commissioners also declared a State of Emergency which is required in order to bring in state assets, including the National Guard, to assist in protecting residential and business properties while the Charlotte-Mecklenburg Police Department continue focusing on public safety needs throughout the community.

Business

Cisco, Salesforce partner on Internet of Things, collaboration, contact center integration

Things get a little more interesting on the IoT side, with Cisco's Jasper IoT, a management system for connected devices, being integrated with Salesforce's IoT Cloud, which ingests IoT data and surfaces insightful information which can be acted upon.

Business

Dollar weakens after Fed leaves rates unchanged

Brent crude futures rose 0.8 per cent to $47.21, adding to gains of 2 per cent on Wednesday. Although the Fed has opted to keep rates on hold, the announcement revealed there are divisions among the policymakers about what to do. Meanwhile, Societe Generale said: "The outcome of the September FOMC meeting was in line with our expectations, as the Committee reintroduced the balance of risks statement , removed a rate hike this year and in 2017, and cut the longer-run nominal neutral funds ...

Business

Pakistan host to Ivy League of terrorism: Modi

The spokesperson also asked the Indian authorities to present evidence regarding Pakistan's involvement in the attack before levelling baseless allegations. The diplomat said the Kashmiri people looked towards the global community, especially the members of the UNSC, to deliver on the pledge to hold a free, fair and impartial plebiscite under United Nations auspices, to enable them to decide their future, a democratic and legal right of the Kashmiri people.

Business

Rome Mayor Virginia Raggi rejects city's 2024 Olympic bid

Raggi had earlier been due to meet with Italy's Olympic Committee (Coni) President Giovanni Malago but failed to show up for the discussion, Italian media reported. Los Angeles launched its bid to host a third Olympic Games last summer after Boston officials withdrew their bid amid mounting public opposition to hosting the 2024 Games .


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