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BAT offers to buy USA tobacco firm Reynolds in $47

BAT and Reynolds already cooperate in developing vaping products and BAT said building on the popularity of e-cigarettes was also a "motivation" behind the deal. market leader and the world's largest listed tobacco company by net turnover and operating profit."The strategic rationale makes ideal sense", Guy Ellison, an analyst at Investec Wealth & Investment, said.

Business

California unemployment rate unchanged at 5.5 percent

The unemployment rates for Grand Island, Lincoln and Omaha have not been seasonally adjusted, so they can not be directly compared with the state unemployment rate. Jobs so far this year: Year to date, MA has added 63,800 jobs. That's because the number of people working or looking for work increased by about 14,000 last month.

Business

State's jobless rate at 3.6 percent, lowest since June 2001

The number of people actively participating in the labor force increased 6,700 over the month to 2,898,000 and the number of people reporting themselves as employed increased 11,300 to 2,793,500. The number of unemployed workers in OH in September was 275,000, up 4,000 people from August. The industry adding the most jobs statewide was for professional and business services, with 54,400 jobs, a 4.8 percent increase over the year.

Business

Camel could join Lucky Strike in $47B cigarette mega merger

Together, Reynolds and Altria dominate the us market. The takeover would create the world's largest publicly traded tobacco company and combine BAT's presence in developing countries, where anti-smoking campaigns are not as strong as in the US and Europe, with Reynolds' nearly exclusive focus on the U.S.

Business

Taj Mahal closes 26 years after Trump opened casino

Of the seven that remain, two, Bally's and Caesar's, have filed for Chapter 11 bankruptcy protection. Cooks, housekeepers, bellmen, and bartenders were among the workers who went on strike in July, but according to Icahn, negotiations between management and the Unite Here Local 54 union are deadlocked.

Business

Nintendo give us the first official look at the Switch

When at home, the Nintendo Switch can be played like a regular console by simply placing it onto the Switch Dock and hooking up the system to a TV. The standalone display has a headphone jack and next to it is a slot for "game card", which will allow users to insert physical game cartridges.

Business

European Central Bank survey sees steady long term inflation expectations

It also held the rate on its marginal lending facility unchanged at 0.25 percent and the rate on the deposit facility steady at minus 0.40 percent―meaning banks have to pay to park their excess cash with the ECB. "The recovery of the euro zone economy is not weak enough to justify more stimulus but also not strong enough to light-heartedly talk about tapering", ING economist Carsten Brzeski said.

Business

Delhi's garbage problem alarming: Supreme Court raps AAP govt

Shooting down Mehra's contention, the bench told him unequivocally that MLAs must start putting their own house in order first, and directed MLAs of Okhla, Ghazipur and Bhalaswa to participate in a meeting that will be called by the Delhi Chief Secretary to deliberate "at the earliest, so that all issues of solid waste management, including segregation of garbage, can be taken care of".

Business

Medical evacuations from east Aleppo aborted

Urging members of the Human Rights Council to set aside political disagreements and focus exclusively on the suffering of women, men and children, he stressed: "No hypothetical advantage in global gamesmanship could possibly outweigh this pain and horror".

Business

United Kingdom inflation rises to 1%

Mike Prestwood, the head of inflation at the ONS, said: "CPI inflation has risen to its highest for almost two years, though it remains low by historic standards". The CBI business lobby group agreed, saying: "It's still too soon for sterling's recent depreciation to affect today's inflation figures, however we do expect it to push up prices through the course of next year, which will hit the pound in people's pockets".

Business

Syrian government opens evacuation corridor in Aleppo

Russian Federation did not announce the four days of pauses. "Let us be real: terrorists are not the ones dropping bunker-busting bombs on hospitals and civilian homes in eastern Aleppo, nor are they besieging civilians there", she said. Russian foreign minister Sergey Lavrov said Moscow is prepared to continue the pause of bombing if rebels do not initiate attacks, but the fighters have rejected the offer, saying it is not serious.

Business

Georgia unemployment rate rises with surge of people seeking jobs

Year over year: At 3.6 percent, the seasonally adjusted MA unemployment rate is down 1.2 percent over the year from 4.8 percent in September 2015. Tennessee's unemployment rate was still below the US rate of 5 percent last month. Manufacturing , which has been hit by the global economic slowdown and the fall in oil prices, got a lift in September, with businesses adding 700 jobs.

Business

BAT bid to gain Reynolds control

BAT, whose share appreciation is less pronounced in dollar terms, does the vast majority of its business outside the country. Assuming a transaction proceeds, it would create the world's biggest publicly listed tobacco company measured by operating profits.

Business

US Postal carrier filmed dumping bins of mail into a ditch

Residents, who say they've missed getting important pieces of mail in the past, were ticked off. Delivering mail in the Georgia heat can be hard work, but one intuitive mailman found a way to streamline the process: dump all the mail in a ditch.

Business

European Central Bank keeps rates at record low; markets seek stimulus clues

The stock closed up 13 percent on Friday, and has soared almost 40 percent this week - though it remains 80 percent below its price at the start of the year. Attention now turns to Draghi's press conference, where investors will be looking for clues about the bank's next stimulus moves following speculation that it may wind down the so-called "quantitative easing" bond-buying scheme.

Business

Nissan Acquires 34% Stake in Mitsubishi Motors

A Renault-Nissan-Mitsubishi alliance creates the world's fourth-largest vehicle group, after Toyota, Volkswagen and General Motors Co. In April, Nissan reported a discrepancy in the fuel-economy ratings of 468,000 Kei cars, tiny vehicles built specifically for the Japanese market.

Business

Donald Trump Booed Over Hillary Roast Remarks At New York Charity Dinner

Smith, less than 24 hours after finishing their third and final presidential debate in Las Vegas on Wednesday. As the last head-to-head encounter of the toxic 2016 campaign descended into mud slinging, the Republican mogul doubled down on claims that his Democratic rival's supporters plan to rig the vote.

Business

Ready With Roadmap To Deposit Rs. 12000 Crore By December 2018: Sahara

Sebi moved the apex court in August 2012 to recover Rs36,000 crore from Sahara in order to refund investors who purchased securities from two group firms through schemes that the market regulator found illegal. According to Sahara, the company has repaid at least Rs19,000 crore to Sebi out of the Rs27,000 crore owed by it although Sebi pegs this figure at Rs 47,000 crore, including interest to its investors in its affidavit submitted to the court this week.

Business

Nissan CEO Ghosn to head troubled Mitsubishi Motors

Nissan is coming to Mitsubishi Motors' rescue following its admissions of improperly measuring fuel economy and manipulating test data. He has already indicated that he expects to realise A$300 million in savings across the three companies by the middle of 2017, and more than A$750 million in fiscal year 2018.

Business

Lucky Strike owner offers $47bn to buy out rival Reynolds

The offer represents a 20% premium against the closing price of Reynolds shares on Thursday. The deal values the Winston-Salem, North Carolina Reynolds at US$93 billion. The proposal is earnings accretive in the first full year and includes modest cost synergies. While the world's tobacco giants are still encumbered with years of pending litigation and liabilities, the industry has enjoyed steady returns and profits.

Business

Brokers Update Target Prices On Southwest Airlines Company (NYSE:LUV)

The Stock now has a Weekly Volatility of 3.15% and Monthly Volatility of 2.58%. A number of other equities analysts also recently issued reports on the stock. Following the transaction, the insider now owns 505,119 shares in the company, valued at approximately $17,972,134.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Business

(LUV) Lowered to Hold at Vetr Inc

Gibraltar Capital Management Inc.'s holdings in Southwest Airlines were worth $3,804,000 as of its most recent SEC filing. The stock is going forward its fifty-two week low with 25.39% and lagging behind from its 52-week high price with -16.93%.

Business

Respite for sterling on torrid trading day as Commons debates Brexit

But she added: "I'm also very clear that the vote of the British people said that we should control the movement of people from the European Union into the United Kingdom, and unlike the right honourable gentleman [Corbyn] we believe we should deliver on what the British people want".

Business

British American Tobacco proposes $47B Reynolds merger

The tobacco giant, which already owns 42.2% of Reynolds , has offered $55.5 per share for the outstanding 57.8%. BAT, the world's No. 2 publicly traded tobacco company by volume, behind Philip Morris International Inc., owns cigarette brands including Dunhill, Lucky Strike and Pall Mall.

Business

Total of 1.9 Million Galaxy Note 7 Units Recalled

Samsung Galaxy Note 7 handsets were found still to be sold in the Chinese mainland on Thursday. In the statement , Samsung expects to take a blow of 2 trillion won ($1.8 billion) during fourth quarter of 2016, and a blow of 1 trillion won ($900 million) during the first quarter of 2017.

Business

Heathrow Airport expansion: Boris Johnson free to protest against third runway

In July 2015, a government-appointed commission recommended building a third runway at Heathrow, in the west of the capital, to ease congestion. Sarah Clayton, co-ordinator at AirportWatch, an umbrella group of environmental organisations and community groups, said: "It's the most insane time for the Government to be building a runway, they've got Brexit, no idea what's happening with the pound, with the economy".

Business

No-smoking policy EO awaiting Duterte's signature

Duterte has lambasted the Philippines' former colonial master, and said last week that he may pursue new alliances with Russian Federation and China after those nations urged him to turn away from the U.S. She also said e-cigarettes will be included in the ban.
"There will be no smoking in public places anymore, whether indoor or outdoor", Ms Ubial told reporters earlier.

Business

Samsung Releases Details for Returning Note7 Phones

For those wondering, 3 trillion won works out to be around $ 3 billion , and note that this is just for Q4 2016 and Q1 2017. Samsung said it was also making changes to improve quality assurance. Mobile phone giant Samsung has warned the cost of taking its Galaxy Note7 smartphone off the market will be at least £4. 4 billion . Samsung Electronics has been reeling from its worst-ever public product crisis after its newest smartphone invention with cutting-edge waterproof and iris scanner ...

Business

Will British American Tobacco Turn Up the Heat to Win Reynolds American?

The U.K. company has been a shareholder in Reynolds since the US firm was created in 2004, and its stake accounts for a hefty chunk of BAT's profits. BAT says the deal values the Winston Salem, North Carolina-based company, at $93 billion and that the offer price represents a 20 percent premium over Reynolds' closing price Thursday.

Business

UNESCO to Protect Holy Sites in Jerusalem

The resolution might not have any tangible impact on Jerusalem itself, but it had aggravated diplomatic tensions around the city and within UNESO. Israel last week suspended its ties with UNESCO over the draft resolution , which uses only the Islamic name for a hilltop compound sacred to both Jews and Muslims.

Business

Trump 'crossed the line' at charity dinner, Al Smith says

The final 2016 presidential debate on Wednesday was dominated by Trump's refusal to say he would recognize a victory by Democrat Clinton, 68, who he accuses of conspiring to rig the vote against him. "If you lose an election-and I have lost an election-you don't feel very good next day, do you?" she added. "Barring massive voter fraud, of course he is going to accept the results of the elections", he said.

Business

BAT offers to buy US tobacco firm Reynolds in $47 billion deal

He cited a BAT pivot toward the large USA market - whose profit pool is protected by high barriers to entry - and improved scale in vapour products like e-cigarettes, which all big tobacco companies are investing in to offset declines in smoking.

Business

New Hampshire poll: Clinton leads Trump by 15 points

Clinton's lead over Trump on this measure has held steady at 5 or 6 percentage points nationwide for the past four weeks. The NBC poll shows Trump could have paid a steep price for the " Access Hollywood " tape that showed him bragging about sexually assaulting women, which was followed by nine women claiming specific instances of Trump groping or kissing them without consent.

Business

Dictatorship: Venezuela's socialist government suspends recall effort

But the electoral council said that courts in several states had reported fraud in a petition gathered by the campaign at an earlier stage. Coalition head Jesus Torrealba said Venezuela's opposition faced the same challenge as Polish leader Lech Walesa in his 1980s battle against communism.

Business

What Trump Really Said With His Gruesome & Cartoonish Lies About Abortion

Clinton said Trump's " scare rhetoric is just terribly unfortunate". Some 90 percent of abortions take place in the first 12 weeks of pregnancy, according to the Guttmacher Institute , a research group that supports abortion rights.


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