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Mondelez ends merger discussions with Hershey, leaving Mars' dominance in tact

That's roughly 7.5 percent more than Mondelez's initial cash-and-stock proposal, itself a pretty meager premium that was nearly automatically rejected by Hershey . The deal would have combined two industry leaders to create the largest confectionery company in the world. Ms. Rosenfeld said in prepared remarks Monday that while the company was disappointed , it remains focused on its efforts to deliver sustainable sales growth and stronger margins.

Business

France, joining Germany, urges halt to transatlantic trade talks

Trade talks between the European Union and the United States should be halted and a new set started, France's trade minister said on Tuesday, adding his voice to calls from Germany for an end to the negotiations. The future of the proposed free trade deal between the USA and European Union was dealt a further blow on Tuesday when France's foreign trade minister said his country wanted an end to the negotiations.

Business

First commercial flight from US lands in Cuba

JetBlue Flight 387 took off from Fort Lauderdale, Florida on Wednesday morning and landed in Santa Clara, Cuba to become the first commercial flight in over half a century to complete the journey. The Obama administration has further eased the restrictions. Republican Rep. John Katko of NY has voiced concerns about Americans taking commercial flights to Cuba .

Business

Wal-Mart cutting about 7000 back-office store jobs

In trying to crack Texas' restrictions on package liquor licenses, some dating to the end of Prohibition, Wal-Mart contends that some of the Texas Alcoholic Beverage Commission's rules amount to unconstitutional discrimination. The corporation has earnings per share (EPS) ratio of 4.64. The firm attains analyst recommendation of 2.90 with week's performance of -1.79%. Northcoast is a brokerage house chasing shares of Wal-Mart Stores Inc.

Business

Pentagon: No Evidence Russia Carried Out Strike on ISIS Leader

Al-Adnani's death would be one of the most high-profile killings of an ISIS official since Abu Omar al-Shishani died - described by the Pentagon as the ISIS "minister of war" - in a us airstrike in March 2016. Earlier this year, he called for attacks during Ramadan, with followers carrying out attacks including the Orlando nightclub shooting, the truck attack in the French city of Nice and a massive suicide bombing in Baghdad.

Business

25 key announcements by Mukesh Ambani at Jio launch

Reacting to the Jio plan, Bharti Airtel said: "We welcome Reliance Jio's entry to the digital world and wish them the very best". The impact of Jio's free and unlimited voice calls and cheap data tariffs is not only helping the new entrant win new customers, but is also reflecting on how the market perceives other incumbent carriers.

Business

Who Is Heather Bresch? The Mylan CEO Has Connections On Capitol Hill

Prices recently increased to up to $600 for two. That stance brought a wave of new money from investors who drove Mylan's shares up more than 2 percent in morning trading, while major USA indexes slipped. Sen. Claire McCaskill, D-Missouri, said in a statement Thursday, "I'm exhausted of playing whack-a-mole with these pharmaceutical companies that are grabbing obscene profits while they have a monopoly".

Business

Dollar holds gains on Fed rate hike bets

The Aussie dollar bounced back to 0.7836 in April after peaking in January. US stock futures traded slightly lower Tuesday following comments on interest rates from Federal Reserve Vice Chairman Stanley Fischer. "The Fed s more upbeat mood and a summer of record highs on Wall Street have boosted the United States dollar s yield appeal", Sean Callow, a senior currency strategist at Westpac Banking, told Bloomberg News.

Business

Midair collision kills 5 people in Alaska

State troopers said the crash occurred northwest of the village of Russian Mission, 375 miles west of Anchorage. "Rescue personnel on scene have confirmed there were no survivors in either aircraft", Alaska State Troopers said in a statement.

Business

Elon Musk races to solve cash crunch at Tesla, SolarCity

Tesla also is seeking funds because it has to pay $422 million to bondholders in the current quarter, according to the filing. Most notable among the planned uses for the money that will be raised, however, is the proposed acquisition of home solar energy company SolarCity .

Business

World Bank to issue SDR bonds in China

IMF last November chose to include the yuan in its SDR basket as China seeks full integration with the worldwide monetary system. China is also working to promote the use of SDR, as this serves to destabilise the dominance of the United States dollar.

Business

Apple CEO says European Union tax ruling 'total political crap'

We haven't done anything wrong, and the Irish government hasn't done anything wrong, we've built a great relationship together. "Ireland is being picked on and this is unacceptable", Cook was quoted as saying by the Irish Independent . Michael O'Leary said if the government wants to make its own tax deals it should be allowed to: "The Irish Government should do likewise, instead of holding cabinet meetings".

Business

US Weekly Initial Jobless Claims Rise 2k to 263k

Still, it was the 78th consecutive week that claims remained below the 300,000 threshold, implying a robust labour market, and the longest stretch since 1970, when the labour market was much smaller. Economists project employers added a solid 180,000 jobs and expect the unemployment rate to tick down to 4.8%. A Labor Department analyst said there were no special factors influencing last week's claims data and that no states had been estimated.

Business

These Are the Toys Your Kids Will Beg for this Holiday Season

By having kids select their favorite toys, the retailer is able to buy larger quantities of the ones it expects to be a hit. Indianapolis ranks high as one of the best USA cities when it comes to owning a home, and Walmart plans to start its holiday layaway program early again this year.

Business

Zika hits Malaysia: 1st case confirmed

The authorities said that the doctor of the woman is following up closely with her to monitor her health as well as the development of the baby. "She will be referred to a maternal-foetal medicine (MFM) specialist for counselling and advice".

Business

Facebook (FB) Loses Satellite in SpaceX Explosion

After the news, Facebook founder Mark Zuckerberg said: 'As I'm here in Africa, I'm deeply disappointed to hear that SpaceX's launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone else across the continent.

Business

Tim Cook calls EU's $14.5B tax ruling 'total political crap'

The tech giant has been accused of an illegal deal by basing a headquarters here to take advantage of our low corporate tax rate. COOK'S LETTER: "As our business has grown over the years, we have become the largest taxpayer in Ireland, the largest taxpayer in the United States, and the largest taxpayer in the world".

Business

Rocket, satellite destroyed in explosion at SpaceX site in Cape Canaveral

A SpaceX rocket exploded at its launch pad in Cape Canaveral this morning, destroying a satellite that was meant to be used for Facebook's FB new program to deliver internet services to the developing world. In a post previous year, Facebook founder Mark Zuckerberg wrote that the satellite would "cover large parts of West, East and Southern Africa". Eutelsat estimated the potential impact of the botched launch exercise at around 50 million euros ($56 million).

Business

Lululemon reports higher profit, revenue, but shares fall

Lululemon now expects to make $2.11 to $2.19 a share on $2.33 billion to $2.35 billion in revenue, compared with its earlier view of $2.08 to $2.18 a share in profit on $2.31 billion to $2.35 billion in revenue. It competes with Nike Inc NKE.N and Under Armour Inc UA.N , as well as mainstream clothing retailers from Gap Inc GPS.N to Nordstrom JWN.N , that have added yoga wear to their offerings since Lululemon became a major player.

Business

Justin Trudeau Continues Talks on Free Trade Deal with China

The Prime Minister is accompanied by his wife Sophie Gregorie Trudeau and daughter Ella-Grace, along with his delegation that includes Foreign Minister Stephane Dion, Trade Minister Chrystia Freeland and Finance Minister Bill Morneau. The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was initially opposed by the United States but attracted many USA allies including Britain, Germany, Australia and South Korea.

Business

EpiPen maker to offer discounts after price hike

After one EpiPen competitor was pulled from the market past year, only one rival product is available, Adrenaclick, which carries a list price of $461. Customers of Express Scripts Holding Co., the nation's largest pharmacy benefits manager, pay about $73.50 out of pocket for an EpiPen prescription, spokesman Brian Henry said.

Business

Swamy supports Urjit Patel's appointment as RBI Governor

He will replace Raghuram Rajan, a former International Monetary Fund chief economist who stunned financial markets in June by announcing he would step down in September and return to academia after a single three-year term at the RBI .

Business

Science Says Pizza Can Make You More Productive at Work

As reported by NY magazine, Dan promised factory workers at Intel one of three things at the end of their work week as long as they hit their targets. At the end of the week, however, the cash-bonus folks ended up doing 13.2% worse than those in the control group. At the end of the study, the 'Well Done!' text was the ultimate victor.

Business

Tracking the tropics; triple threat to hit U.S.

People jump into Hilo Bay in Hilo, Hawaii, as Topical Storm Madeline drops rain on Hawaii's Big Island, Wednesday, Aug. 31, 2016. The system is moving north-northeast at 14 miles per hour with maximum sustained winds of 65 miles per hour.

Business

India confirms 13 of its nationals test positive for Zika in Singapore

Minister for Health Gan Kim Yong said: "Over time, we expect Zika cases to emerge from more areas". The Ministry of Health and the National Environment Agency said in a joint statement late yesterday they had identified 24 new infections plus nine more detected as a result of testing previous cases, bringing the total to 115.

Business

No going back on Brexit: Theresa May

At the morning meeting, according to Downing Street insiders, Brexit was due to be "top of the In tray" and each minister has been ordered to outline how they will "make the most of Brexit " in their own department. While all 27 remaining European Union countries will have a say in Brexit negotiations, Germany is Europe's economic powerhouse. The Telegraph newspaper reported that the two sides have disagreed over Hammond's view that access to the single market could be maintained ...

Business

China, Canada announce free trade study during Justin Trudeau's visit

Trudeau said the two leaders wanted to expand trade and investment in areas including energy, clean technology and agriculture, and to increase tourism and cultural cooperation. Trudeau is in the east Asian country for high-level meetings and the G20, which gets underway later this week, but the canola dispute is expected to dominate the trade agenda.

Business

No policy change on advertiser-friendly flags — YouTube statement

Seriously, based on these new rules, you're not allowed to even TALK about anything remotely negative! DeFranco later voiced additional concerns in a video he released on his channel. It is part of the video site's general plan to improve its relationship with its creative community and become more transparent. Popular creator Philip DeFranco explained that one of his most recent videos, about a "SJW" yelling at a Lyft driver, was demonetized because of "excessively strong language".

Business

Tesla says new Model S will be world's fastest-accelerating vehicle

Do not worry if you now have a Model S P100D or Model X P90D, as you can upgrade to this new battery for just $20,000. The average Tesla was giving around 180-200 miles per charge on a big battery up till now. The company aims to sell a cheaper Model 3 electric vehicle in 2017. That would make the Model S P100D the first electric vehicle to exceed the 300-mile range hurdle.

Business

McDonald's says its president of US operations is retiring

The United States is McDonald's top profit market and analysts said the announcement was unexpected. "With the strides we have made in the USA business this is the right time for me to retire", Andres said in a statement. Kempczinski will be the fourth head of McDonald's US business since November 2012. Andres had been a longtime executive with the Oak Brook, Ill. -based McDonald's but left to run Logan's Roadhouse from 2012 through 2014 - when he returned to the company to run its ...

Business

HP Enterprise in talks to sell software unit to Thoma Bravo

The average true range of Hewlett Packard Enterprise Company's (HPE) is recorded at 0.47 and the relative strength index of the stock stands 55.71. The stock has market worth of $35.96B. Similarly, the company's last 5 years high P/E ratio is 0 and low P/E is 0, whereas, the industry's and sector's high P/E for the past year is 24.49 and 28.76 respectively and low P/E ratio for the last 5 years is 12.71 for the industry and 11.63 for the Sector.

Business

United Nations calls for global probe into Yemen violations

Kerry "will raise our concerns about civilian casualties and damage to civilian targets inside Yemen ", the USA official said , adding that he would press the Saudis to ensure air strikes were "discriminate and precise". Kerry's trip comes amid growing pressure on the Obama administration to cut back its support to Saudi Arabia. Saudi fighter planes also pounded a school in the country's province of Sa'ada, as well as targets in the Razih and Badim districts in the mountainous ...

Business

Look closely Shares- Advanced Micro Devices, Inc.'s (AMD)

During the last trade, shares reached to high price of $57.56 and touched the low price of $55.67. AMD market capitalization is $5.81B with 9100 employees. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $951.89 million. Norwegian Cruise Line Holdings Ltd.

Business

Germany accuses Fiat of auto emissions cheating

WirtschaftsWoche said cited the letter as saying "Germany does not share the Italian vehicle type approval authority's opinion that the device to switch off exhaust treatment systems is used to protect the engine". Italian Transport Minister Graziano Delrio replied in an interview with Bloomberg a month later that the carmaker's vehicles were "absolutely fine" and the company showed "maximum transparency".

Business

Maine governor says he plans to seek 'spiritual guidance'

Drew Gattine, and later blamed the media for fueling the fight. "Every day, Paul LePage gives ME people more evidence that he is unfit for office". Westbrook initially was going to host a town hall meeting with LePage at a teen center. Paul LePage has met with a Democratic lawmaker to apologize for leaving an obscene rant on his voicemail and for making a comment about aiming a gun between his eyes.


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