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Los Angeles developer buys iconic Tribune Tower in Chicago

Michigan Ave. The historic, neo-Gothic tower was completed in 1925 and was built based on designs by NY architects Raymond Hood and John Mead Howells, who won a $100,000 contest to design the Tribune's new headquarters to mark the paper's 75th anniversary.

Business

Obama, DHS Propose Pro-Immigrant Entrepreneur Rule

The rule will be open for a 45-day comment period, and the Department of Homeland Security (DHS) plans to finalize it by the end of the year. However, only immigrant entrepreneurs who are majority owners of their start-up company and can significantly contribute to create jobs and generate revenue are eligible to apply.

Business

Hurricane watch issued for parts of Florida

The center adds that the storm is centered about 445 miles (715 kilometers) east of Hilo, Hawaii, and moving west at 10 mph (17 kph). It's also forecast to become a tropical storm later Tuesday. A separate forecast from experts at Colorado State University said 12 tropical storms would form, with five becoming hurricanes. It could strengthen into a tropical storm later in the day, but forecasts showed it tracking away from land by Wednesday morning, according to the National Hurricane ...

Business

Dollar Off Highs As Investors Seek More US Rates Guidance

U.S. gold futures for December delivery settled down 0.8 per cent at $US1,316.5 per ounce. Markets are less sure when US policy might change after Fed Chair Janet Yellen on Friday said the case for a rate increase was strengthening, but provided little detail on when it would next move.

Business

Under pressure Mylan to offer half-price generic

Sen. Meanwhile, Mylan NV said in a press release its U.S. subsidiary will launch "the first generic to EpiPen Auto-Injector (epinephrine injection, USP) at a list price of $300 per generic EpiPen two-pack carton, which represents a discount of more than 50 per cent to the Mylan list price, or wholesale acquisition cost, of the branded medicine".

Business

EpiPen to launch generic version of lifesaving drug

Mylan said it will make available a generic version of its EpiPen , as criticism mounts over the price of its injectable medicine. A less expensive, generic version of the EpiPen will be available in the upcoming weeks, announced Mylan on Monday , following backlash from consumers and politicians over the emergency allergy treatment's rising price tag.

Business

USA shares slip on Fed rate hike worries; dollar climbs

United States consumer confidence rose to an 11-month high in August, pressuring USA stocks lower due to concerns about a rate rise this year, while the U.S. The Nasdaq Composite (.IXIC) closed down 9.34 points, or 0.18 percent, at 5,222.99. Fischer did not comment on the timing of the next Fed rate hike but said "we choose the pace on basis of data".

Business

Gold falls as the dollar trades at multiweek highs

APPLE: Shares in tech company Apple Inc. were down 1.4 percent in premarket trading after the European Union ruled that it has to pay $14.5 billion in back taxes to Ireland. Traders have been shifting back into the greenback since Fed boss Janet Yellen on Friday said the U.S. economy was improving and indicated it could be strong enough to withstand tighter borrowing costs.

Business

Iraq plans to sell oil through Iran if talks with Kurds fail

As the September date for the Organization of the Petroleum Exporting Countries' (OPEC) freeze talks draw nearer, another analyst has predicted their failure - but not due to proven gadflies like Saudi Arabia or Iran; instead, Iraq has been earmarked as the culprit.

Business

Apple tells investors its $14B tax bill won't have any near-term impact

The EU decision will require the Irish tax collection agency to issue a demand soon to Apple for payment, Vale said. The company will appeal the decision . Speaking to RTÉ News the White House Director of Communications Jen Psaki echoed Mr Earnest's words, saying that the White House wants to make sure that companies based in the United States are treated fairly in their tax affairs overseas.

Business

Trump Continues Effort To Win Black Votes Ahead Of Detroit Visit

They are: Ohio , Pennsylvania , North Carolina and Florida, where the campaign has already been on the air, along with New Hampshire, Virginia, Iowa, Colorado and Nevada. In Iowa, Trump repeated a question he first asked last week - "What do you have to lose?" - which offended many middle class blacks for portraying their lives so negatively.

Business

Bengals release punt return leader Brandon Tate

As expected, defensive tackle Brandon Thompson (ACL) went on the physically unable to perform list (PUP) and is eligible to return to practice week seven and the October 23 game against the Browns. He leaves as the franchise's career leader in punt returns (149) and punt-return yardage (1,411) and ranks second in kick-return yardage (3,517). He's recovering from a knee injury at the end of last season.

Business

Mylan Intros Generic EpiPen Version

Treatment for life-threatening allergic reactions is about to get a little cheaper. Klobuchar introduced the Medicare Prescription Drug Price Negotiation Act of 2015 , that would empower Medicare to negotiate for the pest possible price of prescription medication.

Business

USA stocks mixed after Yellen says picture firming for rate hikes

Speaking at the annual three-day symposium in the USA state of Wyoming, Yellen showed she was cautiously upbeat about the U.S. economy . Treasurys barely budged after the USA government estimated that gross domestic product grew at a lackluster 1.1% annualized pace in the second quarter, revised down slightly from an earlier estimate but largely in line with expectations.

Business

Health Care Exchange Enrollment Falls To Half of Original Forecast

The new report found that as insurers pull out, several states are now likely to have just a single insurance option across all counties. That's what's happening in states all over the country, as Obamacare plans and rates get locked in for next year.

Business

Tropical Depression 9 could become tropical storm by tonight

The National Hurricane Center has issued a Hurricane Watch for the Florida Gulf coast from the Anclote River to Indian Pass. "Floridians should always do not forget to never drive on flooded roadways, seek shelter in the event of severe weather and always have a plan in place to keep your family safe".

Business

Indian equity markets rise on strong buying support (Third Lead)

In the meantime, the USA dollar maintained its bullish momentum to hit a two-week high against other major trading counterparts on buoyant expectations of a Federal Reserve rate rise in the midst of hawkish comments from Fed chair Janet Yellen.

Business

Monsanto whistleblower to collect $22M SEC award

The whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and credible information about federal securities law violations to report to the SEC. The largest was a $30 million prize given out in 2014. The program, developed under the Dodd-Frank Act, gives 10% to 30% of a penalty for a securities violation if that penalty exceeds $1 million.

Business

Father and sister pay tribute as Australia hostel knife attack 'hero' dies

Mr Jackson, from Congleton in Cheshire, was stabbed at least 20 times. His father wrote on a Youcaring fundraising page set up to help the family: "We are bereft". According to a spokesman for Queensland Police, investigations are continuing but detectives will upgrade the charge to murder when Ayad next appears in court on October 28.

Business

US accused of offering crumbs as doubts grow over EU trade pact

France's trade minister said the USA hasn't offered anything substantial and that talks on the Transatlantic Trade and Investment Partnership should end. Germany's economy minister said Sunday that negotiations have effectively collapsed, but a usa trade official said they're making steady progress.

Business

Stock futures flat as investors await more clues from Fed

Hawkish comments on Friday by Fed Chair Janet Yellen and Vice Chair Stanley Fischer increased expectations the USA central bank could hike at its September policy meeting, though most investors and economists view a single increase at the December meeting as more likely.

Business

Southern Poverty Law Center To Classify 'White Lives Matter' As Hate Group

Their website features hate propaganda related to immigrants, Muslims, Jewish people and Black people. The supremacist group was created to oppose the Black Lives Matter, a movement that rose to protest police brutality and racial profiling by the USA police particularly against the African American population.

Business

Ritchie Bros. buys IronPlanet for US$758.5 million

Ritchie Bros CEO Ravi Saligram said the deal was the next logical step in the company's expansion, providing greater scale and choice for customers. Ritchie Bros . It offers a multi-channel platform for the sale of assets. The transaction is expected to be accretive to earnings withing the first year, excluding acquistion costs.

Business

TICAD: Japan to Invest $30 Billion in Africa

It discussed challenges and opportunities of African women in peacebuilding processes. The countries' representatives made the observation in a joint "Nairobi Declaration" at the Sixth Tokyo International Conference on African Development ( TICAD VI), held in Nairobi, Kenya, from Aug.27 to August 28.

Business

Tesla Autopilot updates with version 8.0 to include motorway merging

As the people who have the habit of ignoring the warnings might do so despite the changes. Following several crashes and one fatality, Autopilot updates in Tesla's version 8.0 software may include programming that limits functions for Tesla drivers who disregard safety prompts.

Business

Dollar jumps to three-week high ahead of U.S. jobs data

The Australian dollar climbed to $0.7578 from $0.7554. US shares were set for a quiet open, with Dow and S&P 500 futures both unchanged. "In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months", Yellen addressed central bankers at a conference in Jackson Hole, Wyoming, on Friday.

Business

FAA Drone Laws Loosened For Commercial Use

The skies are clear for entrepreneurs looking to use drones to take their business to the next level. The new Federal Aviation Administration rules, which were finalized earlier this year, still include restrictions, banning drones from flying higher than 400 feet at night or beyond the pilot's line of sight.

Business

Govt bets on Patel to balance inflation and growth

While everyone has been effusive in showering praise on Patel being chosen to succeed Rajan, many industry leaders, top bankers and influential marketmen said they are also keeping their fingers crossed on whether Patel will continue as the "inflation warrior" he was for his current Governor or his corporate and finance background would help taper down RBI's "hawk-eye fixation" on checking inflation and the "deep surgery" to remove bad loans.

Business

Kaepernick protest prompts backlash from NFL greats

I don't sit there and say this is the 53 we're picking. The team is scheduled to play Thursday against the San Diego Chargers in its final pre-season matchup. "I think it's a bad thing", Trump said. Complaining like a petulant juvenile that things aren't ideal - and pledging to remain seated until they are - does not constitute a daring and principled protest against what's wrong with the country today.

Business

Couche-Tard buys 53 sites in Louisiana

It has also converted 477 stores in North America as part of its effort to operate only under Circle K in all markets, except Quebec. The stores now operate under the Cracker Barrel banner. Numerous massive changes that are coming for Couche-Tard are not reflected in the company's Q1 report. Convenience store operator Alimentation Couche-Tard says its net profit grew nearly nine per cent to US$324.4 million in the first quarter of its fiscal year, despite a drop in revenues caused by ...

Business

Gold edges lower as focus shifts to U.S

The WSJ Dollar Index, which measures the USA currency against 16 others, rose 0.3% to 86.71. In contrast, the Bank of England earlier this month cut rates to a record low of 0.25 percent and relaunched asset purchases in an effort to boost the economy following Britain's vote to leave the European Union.

Business

J.C. Penney Company Holding Company (JCP) Shares are Down -3.51%

Penney Co. (JCP) is in a surprising position over four years following it was nearly run aground by a former chief executive officer: It could be the last department store standing at your local mall, according to Bloomberg. Holding Company might touch $20 high while the Average Price Target and Low price Target is $11.83 and $5 respectively. Robert W. Baird reaffirmed an "outperform" rating on shares of J.C.

Business

Carolina, Florida brace for brewing tropical systems

An 11 a.m. update on Tuesday from the National Hurricane Center says the tropical depression could become a named storm later in the day. As of early Monday, the storm had winds of 85 mph and was about 755 miles east of Hilo, Hawaii. Showers and storms around the system have become better organized, but a hurricane hunter aircraft found the winds with the system have not increased as of Tuesday morning.

Business

TSX edges higher as mining stocks rebound

Among stocks making moves on Friday, Herbalife fell $1.43, or 2.3 percent, to $60.50 after news reports that that Carl Icahn, the company's biggest shareholder and defender, has been trying to unload his stake in the embattled company. "I always thought the size was important in our industry when it comes to purchasing, logistics, best practices, or to stand by our product categories", said the founder and president of Board of Couche-Tard, Alain Bouchard.

Business

Two seniors die in Vancouver single-car crash

The SUV struck a large tree before coming to a stop against a light post, which was embedded in the vehicle's windshield. Two remained in hospital overnight, said police. Anyone who witnessed the collision or the events prior to the crash, and has not yet spoken to police, is asked to call the VPD Collision Investigation Unit at 604-717-3012.


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