Business

Ackman feels like Mexican, buys 10 pct of Chipotle

Ackman feels like Mexican, buys 10 pct of Chipotle Pershing said it planned to take aim at the company's governance, operations, cost structure, and strategy. Nordea Investment Management AB now owns 18,724 shares of the company's stock worth $7,541,000 after buying an additional 17,525 shares during the last quarter. [Full Article...]

Putin says Russia didn't hack US Democratic Party

The meeting in December will be the fourth this year between the two leaders. In late March, Russia's Rosseti Company, the China State Grid Corporation, the Korea Electric Power Corporation and Japan's Softbank Group agreed to establish and interconnected energy system to encompass the entire region of Northeastern Asia and eventually to build a number of separate energy bridges, including one... [Full Article...]

NY to probe Mylan EpiPen contracts for schools

NY to probe Mylan EpiPen contracts for schools The law also prohibits a supplier from taking advantage of a consumer's "inability to protect their own interest due to ... physical infirmities". He expects that number to increase significantly. That version of the product will cost $300 for a two-pack, Mylan said, less than half the current cost. Two Democratic congressmen are raising questions about whether Mylan NV, the company facing backl... [Full Article...]

BA apologizes for delays caused by computer glitches

BA apologizes for delays caused by computer glitches Passengers were said to be boarding flights with boarding card written out by hand. Matthew Walker had been waiting for more than two hours to board his flight back to Heathrow. As of 3:20pm UAE time the airport's website said that it was preparing to "resume operations as soon as possible". She wouldn't say that Russian Federation wants to tip the election to Trump, but did pull out an old sayi... [Full Article...]

Case stronger now for interest rate hike: US Federal Reserve

Case stronger now for interest rate hike: US Federal Reserve Market watchers were waiting for Yellen to show her hand in an address to an annual gathering of central bankers in Jackson Hole, Wyoming. The Commerce Department released a report before the start of trading showing a slight downward revision to the pace of USA economic growth in the second quarter. [Full Article...]

Serena marches on with milestone win

Venus Williams responds with another two-win burst for a lead 4-1. "I don't know how I came back", said Halep, who lost only a game in the first set before the wheels came off and Babos eventually double-faulted on match point to hand over an ugly victory. [Full Article...]

Ireland's €13 Bn Tax Benefits for Apple Illegal

Ireland's €13 Bn Tax Benefits for Apple Illegal Vestager claimed that arrangements between Ireland and Apple ensured that in 2014, Apple paid corporate tax at an effective rate of 0.005 per cent in 2014, or just €50 on every €1,000,000 in profit. However, Mr. Cook is confident that the Irish government will also appeal the decision and not collect the massive $14.5 billion amount. Apple employs almost 6,000 people in Ireland. [Full Article...]

Truckers block Calais to demand closure of migrant camp

Truckers block Calais to demand closure of migrant camp A member of Co-ordination Rurale, which had a convoy of 23 tractors taking part in the action, said French farmers are being badly affected by the migrant camp. It could also lead to gridlock on roads in Kent if ferries stop running. Local farmers frustrated about damage caused to their crops by inhabitants of the unofficial "Jungle" refugee camp have also joined in, and IRHA president Verona Mu... [Full Article...]

525 jobs to go at M&S head office in cost-cutting drive

525 jobs to go at M&S head office in cost-cutting drive Marks & Spencer is to start consultations on a plan to reduce the number of roles permanently based in central London by about 400 across logistics and IT, as part of a restructuring of its head office functions. He said M&S remained committed to investing more in improving the experience in stores for customers and so there would be no cuts in shop-floor staff. [Full Article...]

Samsung recalls Galaxy Note 7 after battery explosions

Samsung has said China is not affected by the sales suspension, because it used a battery made by another supplier for the Note 7 sold there. Samsung says the option to exchange a Galaxy Note 7 for a new one could begin as early as next week. [Full Article...]

Duterte Declares 'State of Lawlessness' After Bomb Kills 14

Duterte Declares 'State of Lawlessness' After Bomb Kills 14 Another radio station also reported that Abu Sayyaf spokesman Abu Rami has confirmed that attack. The blast occurred just before 11:00pm (1500 GMT), leaving bodies strewn amid the wreckage of plastic tables and chairs on a road that had been closed to traffic for the market in the heart of Davao city. [Full Article...]

ED attaches Mallya's assets worth Rs66.3b in loan default case

ED attaches Mallya's assets worth Rs66.3b in loan default case The attached assets include property at Mandwa, Bangalore, United Breweries Limited and United Spirits Ltd. Shares. However, the official said, the accused failed to pay as per recast agreement and even did not honour the guarantees executed by them. [Full Article...]

Obama arrives in Hangzhou for G-20 summit

The papers certified the US and China have taken the necessary steps to join the Paris accord that set nation-by-nation targets for cutting carbon emissions. "Joint U.S. -Chinese leadership was part of the reason that we were able to get Paris done". A young girl presented Obama with flowers and he shook hands with officials before entering his motorcade. [Full Article...]

Stocks rise as US jobs report puts Fed rate hike in question

Average hourly earnings grew slightly, bringing the 12-month increase in wages to 2.4 percent - a modest gain that still keeps most workers ahead of inflation. Goldman Sachs economists on Friday revised their expectations of a September rate hike upward to 55 percent, saying employment growth was above the pace Fed officials typically consider sufficient to hold the unemployment rate steady over t... [Full Article...]

Labor Day closures in the area

Labor Day closures in the area No CitiBus service. Garbage, recycling, bulky and yard waste will be one day late all week with Friday pick-up on Saturday. William Carey University, Jones County Junior College, Pearl River Community College closed Monday, but night classes meet. [Full Article...]

Addison Russell's two-run single helps Chicago Cubs edge San Francisco Giants

But all that did was magnify the trouble hitting the other side. Bryant won the NL rookie of the year award last season. Bryant hit his 36th homer and Russell drove in two runs to help the Cubs to a 6-5 victory over the Pittsburgh Pirates on Wednesday night, completing a series sweep. [Full Article...]

Tesla planning upgrade to semi-autonomous Autopilot system

Tesla planning upgrade to semi-autonomous Autopilot system The money that will be raised by the planned offering will be used to help in funding the development and the production of the highly anticipated Model 3 electric vehicle. Back in May, the company sold millions of shares and managed to raise about $1.5 billion. Tesla has had negative cash flow since early 2014 and operating losses for last 14 consecutive quarters. [Full Article...]

Campbell Soup reports "disappointing" fresh, organic foods sales

Campbell Soup reports Despite being disappointed with its Campbell Fresh performance, management intends to bring the same on the right track to drive long-term profitability. Shares of Campbell Soup are up more than 15% in the year to date, outperforming the S&P 500 Index, which is up a little more than 6%. Receive Campbell Soup Company News & Ratings Via Email - Enter your email address below to receive a... [Full Article...]

US auto sales expected to drop in August

US auto sales expected to drop in August Ford's F-Series lineup, the best-selling nameplate in the USA, dropped 6.1% to 66,946 units sold during the month. Automakers offered a positive take on the numbers, saying the average amount customers paid for a vehicle or truck - the average transaction price or ATP - had increased. [Full Article...]

Realtors: Here's how to pass the new FAA drone test

One aspect of the new rules states that an aircraft may not operate over any persons not directly participating in the operation, but that is poised to change. Model aircraft operators must continue to satisfy all the criteria specified in Section 336 of Public Law 112-95 (which is now codified in part 101), including the stipulation they be operated only for hobby or recreational purposes. [Full Article...]


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