Friday, September 2, 2016

China Launches Investigation Into the Didi-Uber Deal and other top stories.

  • China Launches Investigation Into the Didi-Uber Deal

    China Launches Investigation Into the Didi-Uber Deal
    Didi Chuxing’s acquisition of Uber’s China business is facing fresh scrutiny from one of China’s antitrust regulators in an unexpected turn. The Ministry of Commerce said today it has opened an investigation into the deal announced last month, combining China’s top two ride-sharing services. At the time of the deal in August, the regulator said Didi hadn’t applied for an antitrust review. Didi responded that it didn’t believe Uber China’s $60 million revenues in 2015 met the threshold for a rev..
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  • Samsung announces global recall of Galaxy Note 7

    Samsung announces global recall of Galaxy Note 7
    SEOUL, Sept. 2 (Yonhap) -- Samsung Electronics Co. on Friday announced an unprecedented global recall of its Galaxy Note 7 after several of the phablets caught fire while being charged, promising to offer new replacements to all of the buyers at home and abroad. Samsung apologized for the recall in a news conference in Seoul, saying that its investigation has found the fire was caused by faulty battery cells. Koh Dong-jin, head of Samsung's handset business division, told reporters that onl..
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  • Here's What to Expect in Friday's US Jobs Report

    Here's What to Expect in Friday's US Jobs Report
    U.S. employment growth likely moderated in August after two straight months of hefty gains, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. Nonfarm payrolls likely increased by 180,000 jobs last month, according to a Reuters survey of economists, around this year’s monthly average job growth. The unemployment rate is forecast falling one-tenth of a percentage point to 4.8%. The Labor Department will release its closely watched employment..
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  • FDA Fees On Industry Haven't Fixed Delays In Generic Drug Approvals

    FDA Fees On Industry Haven't Fixed Delays In Generic Drug Approvals
    Enlarge this image Where are the generic alternatives to EpiPen and other expensive drugs that have lost patent protection? Victor J. Blue/Bloomberg via Getty Images hide caption toggle caption Victor J. Blue/Bloomberg via Getty Images Where are the generic alternatives to EpiPen and other expensive drugs that have lost patent protection? ..
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  • US banks need better defenses against rates shock, regulators warn

    US banks need better defenses against rates shock, regulators warn
    WASHINGTON Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning.Banks have been stocking up on long-term loans, often tied to real estate and property development that promise higher yields than the miniscule returns on short-term debt.However, the widening gap between long-term loans and mostly short-term funding means h..
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  • Tuned in: Discovery revs up 'Harley' miniseries - Pittsburgh Post

    Tuned in: Discovery revs up 'Harley' miniseries - Pittsburgh Post
    BEVERLY HILLS, Calif. — Discovery Channel debuts its second scripted miniseries, “Harley and the Davidsons” (9 p.m. Monday through Wednesday next week), the story of two immigrant families who founded the famed Harley-Davidson motorcycle company in 1903 in a Milwaukee shed. Monday’s premiere introduces the primary characters, Walter (Michiel Huisman) and Arthur Davidson (Robert Aramayo), and engineer Bill Harley (Bug Hall, “The Little Rascals”), and their struggles developing and breaking into ..
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  • EU Commissioner Warns Other Firms Could Get Apple Tax Treatment

    EU Commissioner Warns Other Firms Could Get Apple Tax Treatment
    Other multinationals that do not employ as extreme Irish tax schemes as Apple but shift profits via the country to tax havens could also be breaching EU rules, Competition Commissioner Margrethe Vestager said on Thursday. She handed the iPhone maker a record 13-billion-euro bill for Irish registered units that Dublin authorities accepted were liable to tax in no country on Tuesday. She told Reuters in an interview that other firms’ arrangements, which involve routing profits to Irish-registered..
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  • Hanjin bankruptcy causes global shipping chaos, retail fears

    Hanjin bankruptcy causes global shipping chaos, retail fears
    By ROBERT JABLON, Associated Press LOS ANGELES (AP) — The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves. The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard contai..
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  • Here's Why Shares of Lululemon Are in a Low Lunge

    Here's Why Shares of Lululemon Are in a Low Lunge
    Lululemon Athletica has had a stellar run on the stock market in 2016. But the yoga and running gear maker couldn’t extend the gains on Thursday, after outlook targets that were a bit softer than Wall Street expected. For much of this year, Lululemon lulu had been a star performer within the athletic gear space, a subcategory of apparel that has benefited from the “athleisure” trend that Lululemon helped popularize. Through Thursday’s closing price, the stock had soared 46% year-to-date—..
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  • Wal-Mart to Cut 7000 Back-Office Store Jobs

    Wal-Mart to Cut 7000 Back-Office Store Jobs
    Updated Sept. 1, 2016 1:50 p.m. ET Wal-Mart Stores Inc. WMT 1.96 % plans to cut thousands of back-office positions around the country, a sign that the retailer’s effort to make its cavernous stores more efficient is also changing the face of its workforce. The largest private employer in the U.S. is eliminating about 7,000 store accounting and invoicing positions over the next several months. The jobs are mostly held by long-term employees, often some of the highest paid..
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A fleet of 'Mutation Response Vehicles' was spotted near Orlando ... .Report: Apple Watch 2 won't include cellular, focusing instead on GPS for fitness features .
A fleet of 'Mutation Response Vehicles' was spotted near Orlando ... .Sepsis is a medical emergency, CDC says. It can be stopped if caught in time. .

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