Business News - The Last 24 Hours

Stock connect to start in November
China Daily - 24 min 47 sec ago
Qi Bin, director of the international cooperation department at the CSRC [Photo/VCG] The long-awaited Shenzhen-Hong Kong Stock Connect is expected to start in mid-to late November, a move that makes it more likely that domestic stocks will be included in MSCI Inc's main benchma ...
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CNBC - The stock market sees Trump a lot closer to Clinton than do polls: Strategas - 8 hours 42 min ago
COMMENTARY:
WSJ Blogs - This Is the Quietest Stock Market in Decades - 1 hour 49 sec ago
BusinessInsider - America's stock market is slowing down - 3 hours 6 min ago
NY Post - The stock market has some very bad news for Donald Trump - 6 hours 17 min ago
Zero Hedge - Low-Volatility Stocks At Risk As Credit Cycle Ends, UBS Warns A Crash Is Coming - 7 hours 44 min ago
24/7 Wall St. - Why Solid Consumer Confidence Is Not Good for Stocks - 8 hours 49 min ago
Zacks - 4 Impressive Dividend Stocks with Over 3% Dividend Yield - 9 hours 8 min ago
Seeking Alpha - Lithium Stocks Continue To Lead The Entire Stock Market - 9 hours 23 min ago
The Big Picture - Stock Markets Already Picked the Next U.S. President - 11 hours 24 min ago



EU demands Apple pays Ireland
China Daily - 24 min 47 sec ago
Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province. Photo / Agencies EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to ...
RELATED:
CNBC - Apple ruling will scare investors away from EU, former commerce secretary says - 4 hours 45 min ago
Reuters - Washington warns of strain on EU economic relationship after Apple ruling - 7 hours 24 min ago
Indiatimes - Tim Cook hits back at EU tax; writes open letter to Apple fans - 9 hours 54 min ago
BBC - Apple 'should repay Ireland 13bn euros' - 14 hours 33 min ago
China Daily - Xiaomi suits up for a debut on Apple's home turf - 18 hours 24 min ago
COMMENTARY:
Seeking Alpha - Forget The iPhone 7: Here's What Apple Investors Really Need To Focus On - 55 min 54 sec ago
BusinessInsider - Apple's 'Shark Tank' for apps just signed up a top-tier Silicon Valley VC (AAPL) - 2 hours 26 min ago
WSJ Blogs - After Apple Ruling, Amazon and McDonald's Are EU's Next Targets - 4 hours 5 min ago
24/7 Wall St. - Boeing, Apple Sink DJIA Tuesday - 4 hours 23 min ago
Time Business - Apple Is Being Sued Over iPhone ‘Touch Disease’ - 7 hours 21 min ago
TechCrunch - Somebody at Apple thought the reality show ‘Planet of the Apps’ really needed Jessica Alba - 7 hours 41 min ago
Kiplinger - Apple iPhone 6 Touch Disease Reports Surging - 20 hours 25 min ago
VIDEO:
Reuters Video - Apple weighs on Wall Street - 3 hours 32 min ago



China to build 40 manufacturing innovation centers by 2025
China Daily - 24 min 47 sec ago
  A Chinese worker assembles a new energy car on the assembly line at an auto plant in Zouping county, East China's Shandong province, Dec 16, 2014. [Photo / IC] BEIJING - China will set up around 40 national manufacturing innovation centers by 2025, the Ministry of Industry and Infor ...
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Indiatimes - China to build 40 manufacturing innovation centres by 2025 - 9 hours 12 min ago



US slams EU, but Apple tax demand first issued in Washington
Indiatimes - 1 hour 20 min ago
It was a US Senate report in May 2013 revealing the tech giant's deal with the Irish govt to rule a big slice of its global earnings untaxable that prompted the European Commission to launch its own inquiries the following month.
RELATED:
CNBC - Breakingviews: Apple makes for an easier target than tax fairness - 3 hours 9 min ago
BBC - Europe's 'unfair' Apple tax ruling sparks US anger - 5 hours 57 min ago
AP - A look at companies the EU is chasing for back taxes - 7 hours 24 min ago
CNN - How Apple paid just 0.005% tax on its global profits - 8 hours 16 min ago
Indiatimes - Apple's $14.5 billion EU tax ruling: What you need to know - 9 hours 53 min ago
France24 - Apple ordered to repay Ireland record €13 billion over undue tax benefits - 14 hours 15 min ago
New York Times - Apple Must Repay Billions for Tax Breaks in Ireland, E.U. Says - 14 hours 34 min ago
COMMENTARY:
BusinessInsider - Paul Krugman weighs in on the Apple tax debate - 1 hour 26 min ago
Seeking Alpha - Apple Owes Ireland $14.5 Billion? How This And Other Similar Tax Disputes Will Play Out - 4 hours 1 min ago
WSJ Blogs - AM Roundup: Apple Hit With $14.5 Billion Tax Bill - 4 hours 3 min ago
Zero Hedge - After Its "Predatory Tax Grab", Europe Prepares Crackdown On Amazon, McDonald's - 6 hours 6 min ago
Time Business - Apple Versus the EU Is the Biggest Tax Battle in History - 8 hours 51 min ago
Morningstar - Apple Remains Fundamentally Undervalued After Tax Hit - 8 hours 55 min ago
24/7 Wall St. - Why Merrill Lynch Sees Apple’s EU and Irish Tax Woes Blowing Over - 9 hours 29 min ago
Zacks - Apple To Pay Tax Bill - 10 hours 3 min ago
SCMP - EU slaps Apple with record €13b tax bill it must pay to Ireland - 11 hours 4 min ago
Wall Street Pit - Apple (AAPL) Fined With Europe’s Largest Tax Penalty Ever - 11 hours 29 min ago
NY Post - Apple told to pay Ireland $14.5B after getting illegal tax benefits - 12 hours 19 min ago
TechCrunch - Apple ordered to pay up to $14.5 billion for illegal tax benefits in Ireland - 14 hours 23 min ago
FT Alphaville - FirstFT – Apple’s big tax bill, China’s oil majors scale back and the future of ‘NYLon’ - 19 hours 22 min ago
VIDEO:
WSJ Video - EU Apple Tax Ruling Puts Multinationals in Focus - 2 hours 1 min ago
Reuters Video - EU could go after more U.S. companies on taxes - analyst - 6 hours 8 min ago
CNN Video - Apple's $14.6B tax bill explained - 7 hours 9 min ago
MarketWatch Video - Apple Ordered to Pay $14.5 Billion Irish Tax Bill - 9 hours 41 min ago



David's Bridal says its CEO has stepped down
AP - 1 hour 24 min ago
NEW YORK (AP) -- David's Bridal says its CEO Pam Wallack has left the company and chairman Paul Pressler will replace her....
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China Daily - CEO Q&A – Ton Büchner of AkzoNobel - 7 hours 54 min ago
Indiatimes - GST, reforms to boost India's growth: Arun Jaitley to US CEOs - 11 hours 7 min ago
COMMENTARY:
Seeking Alpha - Alimentation Couche-Tard's (ANCUF) CEO Brian Hannasch on Q1 2017 Results - Earnings Call Transcript - 1 hour 6 min ago
BusinessInsider - This high-powered CEO has an intense workout regimen that fuels his success - 6 hours 30 min ago
Zacks - Fred's Inc (FRED) Appoints Michael Bloom as its New CEO - 9 hours 52 min ago
NY Post - Apple CEO Tim Cook blasts EU’s demand for $14.5B in taxes - 10 hours 28 min ago
Time Business - Read Apple CEO Tim Cook’s Response to Europe’s Tax Ruling - 11 hours 9 min ago
TechCrunch - Apple CEO Tim Cook: $14.5 billion EU tax bill has ‘no basis in fact or in law’ - 11 hours 54 min ago
VIDEO:
WSJ Video - Adidas CEO Herbert Hainer: How I Work - 9 hours 34 min ago



Google Broadens Car-Pooling Project, Casting Shadow on Uber
New York Times - 1 hour 38 min ago
Waze Carpool’s move into San Francisco is just the latest volley as Google and Uber encroach on each other’s territory.
RELATED:
Wall Street Journal - Google Takes on Uber With New Ride-Share Service - 4 hours 32 min ago
CNBC - Google's Waze to expand Uber-like ride-sharing service in San Francisco: Report - 4 hours 37 min ago
Reuters - Google's cloud close to winning PayPal business - CNBC - 9 hours 37 min ago
COMMENTARY:
Wall Street Pit - Google-owned Platform Takes on Facebook, Snapchat - 1 hour 18 min ago
BusinessInsider - Google's login page has a fault that hackers could use to trick you out of your password - 1 hour 55 min ago
TechCrunch - A few dozen Nest Labs employees just headed to Google; here’s why - 3 hours 32 min ago
Time Business - Google Is About to Take On Uber in a Big Way - 3 hours 51 min ago
VIDEO:
WSJ Video - Google Launching Uber-Like Service Through Waze - 2 hours 12 min ago



AstraZeneca to pay $5.52 million to resolve SEC foreign bribery case
Reuters - 1 hour 52 min ago
NEW YORK (Reuters) - U.S. regulators said on Tuesday that AstraZeneca Plc will pay $5.52 million to resolve a foreign bribery probe into improper payments by its sales and marketing staff to officials at state-controlled health care providers in China and Russia.
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AP - SEC: Former Monsanto exec to get $22.5M as whistleblower - 3 hours 24 min ago
CNBC - SEC awards $22 million to Monsanto whistleblower - 3 hours 53 min ago
Reuters - SEC awards $22 million to Monsanto whistleblower - 5 hours 2 min ago
CNN - Whistleblower lands a $22 million payday from SEC - 7 hours 8 min ago
COMMENTARY:
WSJ Blogs - SEC Issues $22 Million Whistleblower Award - 2 hours 13 min ago
Zacks - Morningstar Unit Gets SEC Nod for Corporate Debt Rating - 9 hours 51 min ago



Traders pick airlines as sector climbs
CNBC - 2 hours 1 min ago
The US Global Jets ETF gained 2.1 percent on Tuesday as United and American shares climbed 8.6 percent and 2.4 percent, respectively.
RELATED:
China Daily - Currency hit proves drag on airlines - 21 hours 24 min ago
BBC - American Airlines boss moves to rival United - 22 hours 38 min ago
COMMENTARY:
BusinessInsider - American Airlines just broke up one of best management teams in modern airline history (AAL, UAL) - 4 hours 33 min ago
Zacks - Southwest Airlines (LUV) Pilots Agree on Tentative Contract - 12 hours 43 min ago



India to use tech prowess to cement ties with the Arab world
Indiatimes - 2 hours 14 min ago
Cairo is also keen to learn from India’s expertise in the IT sector and Sisi's visit could give a boost to such cooperation amid drive by his government to modernize Egypt’s economy.
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Indiatimes - India to play key role for peace in oceans: Singapore diplomat - 14 hours 8 min ago



EU ruling on Apple stirs calls for US tax reform
Indiatimes - 2 hours 46 min ago
The White House warned that US-EU economic relations could be affected by the ruling that Apple had received illegal state aid.
RELATED:
BBC - US consumers expect economy will keep improving - 8 hours 42 min ago
AP - US consumer confidence in August highest in 11 months - 9 hours 54 min ago
China Daily - China remains largest contributor to global growth, US expert says - 15 hours 54 min ago
COMMENTARY:
Zero Hedge - Why Millennials Can't & Won't Grow The US Out Of Trouble - 10 hours 37 min ago



Alphabet's Nest said to face restructuring months after co-founder's departure
CNBC - 2 hours 51 min ago
Alphabet's pressured internet-of-things company Nest will undergo a reorganization, Fortune reported on Tuesday.
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New York Times - Uber and Alphabet’s Rivalry Heats Up as Director Chooses Sides - 22 hours 42 min ago
CNBC - Alphabet executive steps down from Uber board amid growing competition - 23 hours 27 min ago
COMMENTARY:
BusinessInsider - A big part of the Alphabet-owned Nest team is being moved back to Google (GOOG, GOOGL) - 4 hours 30 min ago
Zacks - Alphabet (GOOGL) Executive Resigns from Uber's Board - 9 hours 8 min ago



Zach Braff to star in pilot about a podcast startup
CNN - 3 hours 2 min ago
ABC is bringing a popular podcast to the small screen for a potential comedy series starring actor Zach Braff.
RELATED:
China Daily - China Aviation startups and innovation showcased at forum - 14 hours 54 min ago
COMMENTARY:
BusinessInsider - The CEO of a successful startup shares 5 research-backed ways he boosts his productivity - 4 hours 28 min ago
TechCrunch - Startup accused of scamming employees scrubs its online presence - 6 hours 20 min ago



Airbus on course for record deliveries in August: Executive
Indiatimes - 3 hours 41 min ago
Fabrice Bregier said Airbus had hit a crucial target of six A350 deliveries this month.
RELATED:
Reuters - Airbus on course for record deliveries in August: CEO - 5 hours 14 min ago



Shkreli ditches KaloBios shares for multi-million dollar payout
CNBC - 4 hours 5 min ago
His shares were valued at more than $5.93 million in all. He bought them for more than $3.26 million. USA Today reports.
RELATED:
CNN - Martin Shkreli scores $3 million payday - 6 hours 26 min ago
COMMENTARY:
NY Post - Martin Shkreli sells remaining stock in former company - 23 hours 27 min ago



US surgeon general: Recent Mylan price increase "runs counter" to health efforts
CNBC - 4 hours 8 min ago
The U.S. Surgeon General told CNBC he was "deeply disturbed" when he heard about Mylan's price increase of its device EpiPen.
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Reuters - EpiPen maker Mylan hires banks for debut euro bond - 12 hours 8 min ago
COMMENTARY:
BusinessInsider - In just 2 minutes Paul Krugman destroyed the biggest criticisms of EpiPen-maker Mylan - 1 hour 27 min ago
WSJ Blogs - Senators See 'Shell Game' in EpiPen Maker Mylan's Bid to Ease Access to Allergy Drug - 7 hours 24 min ago
Seeking Alpha - Buy Akorn: Unjustly Punished By Mylan Controversy - 10 hours 36 min ago



Uber snags Target exec Jeff Jones
CNN - 5 hours 10 min ago
Uber wants to tell a better story about its business -- and it's nabbed a top marketing exec to do so.
RELATED:
CNBC - Target's chief marketing officer to leave, join Uber - 6 hours 12 min ago
COMMENTARY:
BusinessInsider - Meet the power players who really run $62 billion Uber - 3 hours 45 min ago
TechCrunch - Uber & Visa launch Local Offers, a rewards program offering free rides for spending at nearby businesses - 10 hours 42 min ago
NY Post - New Yorkers can pay for uberPOOL with pre-tax income - 19 hours 11 min ago



Twitter to share video advertising cash with creators
BBC - 6 hours 10 min ago
Twitter will start sharing advertising revenue generated by videos made by individual users with their creators.
RELATED:
Reuters - Twitter to share ad revenue on videos by U.S. individual users - 8 hours 32 min ago
CNBC - Twitter will now share video revenue with individual content creators - 9 hours 23 min ago
COMMENTARY:
WSJ Blogs - 'Kidnap' Trailer Grabs the Most Attention on Twitter - 6 hours 24 min ago
Seeking Alpha - Do Or Die For Twitter In Live Streaming - 8 hours 56 min ago
TechCrunch - Twitter targets individual creators for its Amplify ad program - 9 hours 24 min ago



Abercrombie closing up to 60 stores after posting wider loss
AP - 6 hours 54 min ago
NEW YORK (AP) -- Abercrombie & Fitch Co. reported a wider loss for its second quarter on Tuesday and said it's closing up to 60 stores in the United States as both U.S. and international sales fell....
RELATED:
CNN - Summer girls no longer shop at Abercrombie & Fitch - 9 hours 9 min ago
Reuters - Abercrombie & Fitch sales fall for 14th straight quarter - 12 hours 22 min ago
CNBC - Abercrombie & Fitch sinks more than 10% after sales fall for 14th straight quarter - 12 hours 42 min ago
COMMENTARY:
Zacks - Abercrombie (ANF) An Outlier Among Strong Shopping Mall Stocks - 2 hours 34 min ago
Seeking Alpha - Abercrombie & Fitch (ANF) on Q2 2016 Results - Earnings Call Transcript - 6 hours 5 min ago
BusinessInsider - Abercrombie & Fitch is tanking — again - 11 hours 54 min ago
24/7 Wall St. - Abercrombie & Fitch Posts Big Q2 Loss, Says to Expect More - 11 hours 59 min ago
VIDEO:
Reuters Video - Abercrombie & Fitch ditches turnaround hopes - 6 hours 13 min ago



Hershey stock plummets 11% after Mondelez merger crumbles
CNBC - 7 hours 55 min ago
Shares of Hershey fell as much as 11.2 percent on Tuesday, a day Mondelez said it was no longer in talks to purchase the chocolate company.
COMMENTARY:
WSJ Blogs - Stocks to Watch: Apple, Hershey, G-III, Abercrombie & Fitch - 5 hours 58 min ago
Seeking Alpha - Hershey: Buy On The Drop? - 6 hours 23 min ago
Zacks - Mondelez International (MDLZ) Drops Plan to Buy Hershey - 9 hours 54 min ago



U.S. Consumer Confidence Hits 11-Month High; House Prices Gain
New York Times - 8 hours 6 min ago
U.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year.



Google's close to beating Amazon, Microsoft for a major cloud client: Sources
CNBC - 10 hours 11 min ago
Google is racing to catch Amazon and Microsoft in the cloud and is the top choice to win PayPal's business.
COMMENTARY:
BusinessInsider - Microsoft's Bing got in trouble after it translated the Arabic word for 'ISIS' to 'Saudi Arabia' - 2 hours 49 min ago
Wall Street Pit - Microsoft (MSFT) on a Word War with Apple (AAPL), Yet Again - 11 hours 39 min ago



Housing inventories in major Chinese cities continue to decline in July
China Daily - 10 hours 24 min ago
BEIJING - Housing inventories in China's major cities fell for a third-consecutive month as destocking measures kicked in, making further increases in home prices likely, latest industry data showed. Unsold new homes in 35 major Chinese cities totaled 244.8 million square meters at the end of July ...
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Reuters - China's big banks set for hard slog as margins shrink - 10 hours 59 min ago
China Daily - China's largest cement maker reports profit slump - 15 hours 54 min ago
Indiatimes - Philippines says China must recognise South China Sea ruling - 17 hours 6 min ago
COMMENTARY:
Zero Hedge - How The Chinese Government Muzzles Freedom Of Expression In Canada - 6 hours 12 min ago



Increase in U.S. home prices slightly less than forecast
Reuters - 10 hours 54 min ago
NEW YORK (Reuters) - U.S. single-family home prices rose slightly less than expected on an annual basis in June, and were down from the prior month, a survey showed on Tuesday.
RELATED:
AP - US home prices rise in June at slowest pace in 10 months - 10 hours 54 min ago
CNBC - US home price gains ease in June: S&P/Case-Shiller - 11 hours 25 min ago
COMMENTARY:
Zero Hedge - US Home Prices Suffer 3rd Consecutive Decline For First Time Since 2012 - 11 hours 15 min ago
BusinessInsider - Here come Case-Shiller home prices ... - 11 hours 34 min ago
Seeking Alpha - Toronto And Vancouver Home Prices Are On The Verge Of A 25% Collapse - 21 hours 34 min ago



Nobel prize winner tells Clinton: Tax fossil fuels
CNN - 12 hours 16 min ago
Nobel prize winning economist Joseph Stiglitz has some advice for Hillary Clinton: Tax fossil fuels.
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Indiatimes - Hillary Clinton told 'so many lies' on emails: Donald Trump - 20 hours 48 min ago



What's hot, what's not for fall IPOs
CNBC - 13 hours 15 min ago
It's been nothing short of awful this year for IPOs, but some are hopeful that the fall will see a flurry of activity.
RELATED:
China Daily - Zhongan says favors IPO in Hong Kong - 20 hours 24 min ago
COMMENTARY:
Seeking Alpha - IPO Aspirant Apptio Shows Good Growth In New Technology Business Management Market - 3 hours 17 min ago



Fed's Fischer says U.S. job market 'very close' to full strength
Reuters - 13 hours 17 min ago
WASHINGTON (Reuters) - The U.S. job market is nearly at full strength and the pace of interest rate increases by the Federal Reserve will depend on how well the economy is doing, Fed Vice Chairman Stanley Fischer said on Tuesday.
RELATED:
Reuters - Asia stocks bounce, dollar dips on Fed hike doubts - 23 hours 33 min ago
COMMENTARY:
Seeking Alpha - Central Bank Jamboree: Jackson Hole And The Federal Reserve Interest Rate - 3 hours 54 min ago
BusinessInsider - ART CASHIN: 2 'potential landmines' should keep the Fed on hold in September - 9 hours 58 min ago



Fed's Fischer says US job market 'very close' to full strength
CNBC - 13 hours 30 min ago
The job market has is nearly at full strength and the pace of rate increases will depend on how well the economy is doing, the Fed Vice Chair said.
COMMENTARY:
BusinessInsider - 5 high-paying jobs with rising salaries - 8 hours 42 min ago



Mortgage approvals fall 5% in July
BBC - 15 hours 16 min ago
The number of mortgages being approved by UK lenders fell by 5% in July from the month before, according to Bank of England figures.
RELATED:
China Daily - Lenders step up issuance of mortgages - 23 hours 24 min ago
COMMENTARY:
SCMP - Bank of China’s Hong Kong unit cuts mortgage rate to lure buyers, offset concern of US rate hike - 20 hours 6 min ago



Japanese unemployment rate hits two-decade low
BBC - 16 hours 4 min ago
Japan's unemployment rate has fallen to its lowest for 21 years, despite the country's stagnant economy.
RELATED:
Reuters - Japan government: Mitsubishi Motors overstated fuel economy on eight more models - 16 hours 4 min ago



CEO of global energy firm is not ruling out an oil price surge to $100
CNBC - 16 hours 26 min ago
Oil markets could see an increased risk of another major jolt if prices continue remain at current levels, the chief executive of Vedanta Resources said.
RELATED:
Reuters - Oil prices rise as dollar retreats from two-week high - 22 hours 30 min ago
COMMENTARY:
BusinessInsider - This infographic shows which countries are the hardest hit by the oil crash - 3 hours 7 min ago
24/7 Wall St. - Will Venezuela’s Gold Sales Be Enough to Offset Lower Oil Production? - 4 hours 57 min ago
Zero Hedge - Oil Tumbles As Market Questions Whether An OPEC Production Freeze Is Even Remotely Possible? - 9 hours 32 min ago
Zacks - Occidental Petroleum (OXY) Hurt by Volatility in Oil Prices - 10 hours 25 min ago
Seeking Alpha - Ignoring Fundamentals: Speculation Has Been Driving Oil Prices - 20 hours 36 min ago



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