Money

Dunford: US-South Korean Alliance Ready to Defend Against North Korean Threat

Dunford: US-South Korean Alliance Ready to Defend Against North Korean Threat He earlier told his South Korean counterparts that America is ready " to use the full range of military capabilities to defend our allies and the US homeland ", according to USA military spokesman Capt. But its proposal for North Korea to suspend its arms programmes in return for the United States to halt military drills in the region has been ignored. [Full Article...]

Mylan finalizes $465M settlement with DOJ on EpiPen

Mylan finalizes $465M settlement with DOJ on EpiPen In April, Sanofi-Pasteur, the vaccines division of Sanofi , reached a $19.8 million settlement with the Justice Department over claims it overcharged the federal Veterans Affairs Department for drugs. "Over the course of the past year, we have taken significant steps to enhance access to epinephrine auto-injectors". Mylan isn't completely done with the DOJ, though. [Full Article...]

Dollar Falls after Fed Minutes

Dollar Falls after Fed Minutes The Fed was the center of focus today amid recent softness in the inflation data and chatter from Fed officials that there are internal disagreement on inflation expectations. The FOMC meets next in September. The dollar continued its positive start to week, as solid retail sales data on Tuesday overshadowed a slump in USA housing data amid growing expectations the Fed will increase interest rat... [Full Article...]

Hollywood forever cemetery to remove Confederate monument

Hollywood forever cemetery to remove Confederate monument The monument was to be taken to a storage site, cemetery officials said, but the grave markers will remain. Cassity told told the Los Angeles Times someone wrote, "No" in black marker under the monument's plaque. On the heels of a Confederate monument being spirited away from the Hollywood Forever Cemetery, a New Yorker is searching for money to help pay to move statues of Confederate icons fr... [Full Article...]

Trump blasts CEOs who quit White House panel

Trump blasts CEOs who quit White House panel Even before Paul posted about his resignation on Twitter , the president beat him to the tweet , writing some 15 minutes earlier , "For every CEO that drops out of the Manufacturing Council, I have many to take their place". "In the face of such ignorance and malice, " the organization said in a statement, "all of us must speak out and show unwavering resolve that makes it clear that all Americ... [Full Article...]

UK Consumer Inflation Flat in July

UK Consumer Inflation Flat in July While full-year inflation projections were unchanged, the rate will peak at 2.9 percent at the end of this year, lower than previously anticipated. Spurred by the pound's sharp depreciation in the wake of last year's Brexit vote, consumer price inflation hit 2.9% in May, its highest since mid-2013. [Full Article...]

Pink says there's no more drama between her and Christina Aguilera

Pink says there's no more drama between her and Christina Aguilera The day after MTV announced Pink is 2017's Video Music Award's honoree for the Video Vanguard Award , the singer addressed her critics . "Just be a decent person", Pink wrote . "We can no longer be happy for each other", she tweeted . Pink closed out the message by dressing down her haters even further: "And you're f**kin rip van winkle if you've never seen one of my videos", she scolded, refer... [Full Article...]

Liberum Capital Reiterates Buy Rating for Compass Group plc (CPG)

Liberum Capital Reiterates Buy Rating for Compass Group plc (CPG) The company has market cap of 3.91 billion GBP. Also, insider Nicholas Vetch sold 5,838 shares of the business's stock in a transaction that occurred on Monday, July 31st. Macquarie reissued an underperform rating and set a GBX 393 ($5.10) target price on shares of Jupiter Fund Management PLC in a research note on Monday, May 8th. [Full Article...]

Infosys to consider share buyback plan; shares jump

Infosys to consider share buyback plan; shares jump The buyback would suggest an end to the process that has mired in regulatory approvals spanning across countries, causing delay in board meeting, Motilal Oswal analysts said in a note. A share buyback is repurchase of its outstanding shares that reduces the number of shares in the open market. Earlier, embroiled in the controversy, the company's director, Kiran Mazumdar Shaw has told DH, "If... [Full Article...]

FTSE 100 reined in by banks and Kingfisher

FTSE 100 reined in by banks and Kingfisher The company's two major markets, France and the United Kingdom, both suffered slumps: like-for-like UK turnover drops 1 %, mainly because of a weaker performance at DIY chain B&Q. "Having been very aware that this year would be challenging given the step up in transformation activity", CEO VĂ©ronique Laury said. The worldwide DIY group blamed the dip in sales at B&Q on "seasonal swings", essentia... [Full Article...]

Govt Slashes Knee Implant Prices By 70 Percent

Govt Slashes Knee Implant Prices By 70 Percent With private hospitals reportedly charging exorbitant rates, the government capped the maximum retail price of the keen implants, a move that will save patients an estimated Rs 1,500 crore annually. The standard and most widely used complete knee implant will not cost more than Rs 54 ,720 now, down 65%. "Government has to ensure that the quality of knee implants do not go down", said Balvinder ... [Full Article...]

Stagecoach Group (LON:SGC) Broker Price Targets

Stagecoach Group (LON:SGC) Broker Price Targets The firm earned "Underperform" rating on Thursday, December 17 by Sterne Agee CRT. Stagecoach Group had its "Hold" rating reiterated by analysts at Jefferies. 3M Co (NYSE:MMM) has risen 18.59% since August 17, 2016 and is uptrending. It has outperformed by 48.56% the S&P500. NetApp, Inc. provides software, systems and services to manage and store customer data. [Full Article...]

Mark Zuckerberg: Charlottesville Prompts Facebook Hate Crackdown

Mark Zuckerberg: Charlottesville Prompts Facebook Hate Crackdown This behaviour alarmed Facebook management and evetually the platform was shut down. He said the forum had been used to harass people, adding that the behavior wouldn't be tolerated. We've seen this in misclassifying hate speech in political debates in both directions - taking down accounts and content that should be left up and leaving up content that was hateful and should be taken down. [Full Article...]

Oil Prices Rally On Surprise Inventory Draw (USO)

The American Petroleum Institute said USA inventories fell 9.2 million barrels last week. Including emergency reserves, crude stocks were at 1.15 billion barrels, the lowest levels since October 2015, according to EIA data. The jump in the spread could have resulted from the reduced global crude oil supply. Libya and Nigeria were exempted from the Organization of the Petroleum Exporting Countr... [Full Article...]

Target posts higher quarterly comp sales after a year of declines

Target posts higher quarterly comp sales after a year of declines Nationwide Fund Advisors owns 743,341 shares or 0.21% of their U.S. portfolio. Target has been facing tough competition against other retailers and even online retailers giants such as Wal-Mart or Amazon leaving Target struggling to keep up with the others. [Full Article...]

S. Korea's Hyundai Motor unveils hydrogen-powered SUV

S. Korea's Hyundai Motor unveils hydrogen-powered SUV All the planned launches are in line with Hyundai Motor Group's renewed goal of introducing 31 eco-friendly models in global markets by 2020. Hyundai has revealed these images of a pre-production model of its new fuel cell SUV ahead of an official launch next year. [Full Article...]

Stocks rise on dovish Fed minutes

Stocks rise on dovish Fed minutes CIBC Research comments on today's FOMC minutes from the July meeting. In fact, we have refreshed our screens a few times since 2pm to make sure we are not missing anything, and we are not. Despite surging exports, some experts say it's a one-off phenomenon due to high semiconductor demand, and that another rate cut, in addition to the government's supplementary budget is necessary to keep econom... [Full Article...]

NAFTA renegotiation reveals some stark differences

NAFTA renegotiation reveals some stark differences And any deal the Trump administration hammers out needs congressional approval. NAFTA did away with tariffs on most goods and introduced new labor standards and intellectual property rules when it took effect in 1994. Those comments were in stark contrast to those by Canadian Foreign Minister Chrystia Freeland and Mexican Economy Secretary Ildefonso Guajardo Villarreal, who stressed the pact bro... [Full Article...]

How major USA stock market indexes fared Monday

How major USA stock market indexes fared Monday The president said "things will happen to them they never thought possible" should Pyongyang attack the US or its allies. Germany's DAX fared better, trading only 0.2 percent lower at 11,989. Adjusted profit of $1.58 a share fell short of an estimated $1.65. The Nikkei index slipped nearly 1 percent after hitting a three-month low even after data showing robust 1.0 percent second-quarter growth in... [Full Article...]

Intel's Brian Krzanich Is Latest CEO to Resign From Trump Business Council

Intel's Brian Krzanich Is Latest CEO to Resign From Trump Business Council Jeff Sessions said driving a auto into a group of anti-Nazi protesters and murdering one is domestic terrorism! Facing mounting pressure, Trump denounced the KKK, neo-Nazis and white supremacists hours later as "repugnant". While Mr. Krzanich did condemn white supremacists by name later on in the statement - "Earlier today I called on all leaders to condemn the white supremacists and the... [Full Article...]


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