For US Businesses, Brexit Leads To Uncertainty And Worry
Enlarge this image Employees work on an engine production line at a Ford factory in Dagenham, England. Many American firms based in the U.K. are concerned Brexit will adversely impact their businesses. Carl Court/Getty Images hide caption toggle caption Carl Court/Getty Images Employees work on an engine production line at a Ford factory in Dagenham, E..>> view originalEx-Air China worker charged by US for smuggling for Chinese military
By Nate Raymond | NEW YORK NEW YORK An ex-Air China Ltd (601111.SS) employee was indicted on Wednesday for smuggling packages onto flights from New York to China on behalf of Chinese military personnel stationed at the country's U.N. mission, U.S. prosecutors said.Ying Lin, 46, was also accused in an indictment filed in federal court in Brooklyn of obstructing justice by helping a Chinese national the Federal Bureau of Investigation was investigating to flee the country last year.Prosecutors..>> view originalThe EpiPen Drama Shows What's Wrong With How Drugs Are Priced
The EpiPen pricing controversy is enough to trigger mental anaphylactic shock. First, Mylan raised the list price of EpiPens to more than $600 a pair. When protests predictably erupted, Chief Executive Officer Heather Bresch went on TV to say that if she cut the price of EpiPens, some people wouldn’t be able to get them anymore. Which is weird, because usually a lower price makes things easier to get. Then, on Aug. 29, Mylan announced it will sell a generic version of EpiPens at half the price—..>> view originalBrexit so far 'a win-win' — analysts react to surprisingly strong UK manufacturing PMI
U.K. investors received an unexpectedly strong reading for manufacturing activity in August, boosting the view that the British economy has fared better than anticipated after the U.K. voted in June to leave the European Union. The IHS Markit/CIPS purchasing managers index jumped to a 10-month high in August, to 53.3. Analysts had expected the PMI to climb to 49.6. In July, that reading logged a 41-month low of 48.3. “Companies reported that work that had been postponed during July had now be..>> view originalMacau Gaming Snaps Two-Year Drop to Rise 1.1% on New Resorts
Macau reversed its 26-month slump in gaming revenue as new resorts, including one by Wynn Resorts Ltd., attracted visits from recreational gamblers. Casino shares rose, as investors now look to see whether operators can sustain the momentum through a ...>> view originalHutchison, VimpelCom Win EU Approval for Italy Phone Merger
CK Hutchison Holdings Ltd. and VimpelCom Ltd. won European Union approval for a merger creating Italy’s largest wireless provider after they agreed to help a smaller rival, Iliad SA, become the country’s fourth mobile carrier.The companies got green light only after delivering “a remedy" to the EU’s concerns about reduced rivalry, Competition Commissioner Margrethe Vestager said at a media conference in Brussels Thursday.“We could not have allowed this transaction to go ahead as originally noti..>> view originalTim Cook, Apple Chief, Defends Tax Practices and Says Cash Will Return to US
Photo Timothy Cook, chief of Apple, at a product event in Cupertino, Calif., in 2015. Mr. Cook, in an interview, called the tax ruling “maddening” and politically motivated. Credit Andrew Burton for The New York Times Apple’s chief executive on Thursday ratcheted up the outrage over Europe’s demands that it pay a record $14.5 billion in unpaid taxes, calling the decision “maddening” and expressing confidence it would be overturned.Timothy D. Cook, the Apple chief, strid..>> view originalMike Andres to retire as president of McDonald's USA
Mike Andres, president of McDonald’s Corp.’s U.S. division and a key figure at the forefront of the chain’s domestic turnaround over the past 18 months, is retiring at the end of the year, the company said on Wednesday. Chris Kempczinski, currently the executive vice president of strategy, business development and innovation, has been picked to succeed Andres as president of McDonald’s USA. The change will be effective Jan. 1. “Mike has..>> view originalJobs report seen as key to Fed rate decision
The August labor report is released on Friday by the Bureau of Labor Statistics. Economists expect nonfarm payrolls to rise by 175,000. NewslookJob fairs have been busy in recent months as hiring has picked up.(Photo: Lynne Sladky, AP)Friday’s jobs report is shaping up to be among the most pivotal in recent memory, with economists predicting strong payroll gains could nudge the Federal Reserve into raising interest rates in September for the first time this year.The key question: How st..>> view original
Thursday, September 8, 2016
For US Businesses, Brexit Leads To Uncertainty And Worry and other top stories.
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