Monday, October 3, 2016

US Durable-Goods Orders Flat in August and other top stories.

  • US Durable-Goods Orders Flat in August

    Sept. 28, 2016 8:34 a.m. ET WASHINGTON—U.S. factories posted flat orders of big-ticket goods in August, but underlying figures suggest businesses are boosting spending after a long period of cutting. The Commerce Department said Wednesday orders for durable goods-products such as cars, tractors and refrigerators designed to last longer than three years-were unchanged from a month earlier. When excluding the volatile categories of defense and transportation products, sales declin..
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  • Tyson Foods (TSN) Stock Lower, Recalls Chicken Nuggets Believed to Contain Plastic

    Tyson Foods (TSN) Stock Lower, Recalls Chicken Nuggets Believed to Contain Plastic
    Tyson Foods (TSN) said late yesterday that it was recalling 5-pound bags of panko chicken nuggets because customers reported finding pieces of plastic inside the chicken. Annie Palmer. Follow. Sep 28, 2016 9:20 AM EDT. Get TheStreet Quant Ratings' ...
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  • Merkel Fate Tied to Deutsche Bank Fortunes, Left Party Head Says

    Merkel Fate Tied to Deutsche Bank Fortunes, Left Party Head Says
    Any taxpayer-funded solution for Deutsche Bank AG’s troubles would be Chancellor Angela Merkel’s downfall, according to the leader of Germany’s biggest opposition party.Sahra Wagenknecht, the co-leader of the anti-capitalist Left party in Germany’s lower house of parliament, said a bank rescue in the year ahead of national elections in September 2017, in addition to the chancellor’s beleaguered migration policy, would be the end of Merkel’s political career.“If she now has to squander taxpayer ..
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  • Takata Sells Irvin Auto-Interiors Subsidiary to Former NBA Star

    Takata Sells Irvin Auto-Interiors Subsidiary to Former NBA Star
    Takata Corp., facing billions of dollars in liabilities related to its defective air-bag systems, sold an interiors unit to Vinnie Johnson, the former pro-basketball star who runs a handful of auto-parts companies under his Piston Group.Takata sold its Irvin Automotive Inc. unit to closely held Piston Group, the Michigan company said Wednesday in a statement. Terms weren’t disclosed, but the Nikkei reported Tuesday that the price was to be about 17 billion yen ($170 million). Irvin, which produ..
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  • Lufthansa board approves takeover of Brussels Airlines

    Lufthansa board approves takeover of Brussels Airlines
    BERLIN Lufthansa (LHAG.DE) said its supervisory board has approved plans to acquire the remaining 55-percent stake in Brussels Airlines via the exercise of a call option as part of its plan to boost its low-cost unit Eurowings via acquisitions. The supervisory board is also expected to discuss plans for Lufthansa to take on more jets for Eurowings from Air Berlin (AB1.DE), sources have said, to help make Eurowings the third largest low cost-carrier in Europe behind Ryanair (RYA.I) and easyJet ..
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  • Uber-owned Otto to offer freight hauling services using autonomous trucks in 2017

    Uber-owned Otto to offer freight hauling services using autonomous trucks in 2017
    Uber acquired self-driving lorry startup Otto this summer in a deal worth up to $680 million and it plans to put the company to work next year. That’s according to comments from Otto co-founder Lior Ron, who told Reuters that Otto will enter the long-haul freight business in 2017. To recap, Otto’s technology allows existing trucks to be ‘retrofitted’ with self-driving technology which can handle driving on U.S. highways. It doesn’t entirely automate the process since human drivers are needed t..
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  • SABMiller investors cheer $100 billion-plus AB InBev takeover

    SABMiller investors cheer $100 billion-plus AB InBev takeover
    LONDON/BRUSSELS SABMiller (SAB.L) shareholders overwhelmingly backed the brewer's $100 billion-plus takeover by Anheuser-Busch InBev (ABI.BR) on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. The combined group will sell more than a quarter of all beers sold worldwide and be the fifth largest consumer goods company. For the maker of Budweiser, Corona and Stella Artois it provides entry into Africa and large fast-growing Latin American markets such ..
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  • Deutsche Boerse-LSE Tie-Up Faces In-Depth EU Merger Probe

    Deutsche Boerse-LSE Tie-Up Faces In-Depth EU Merger Probe
    Deutsche Boerse AG’s tie-up with London Stock Exchange Group Plc faces intense scrutiny from European Union merger watchdogs with an in-depth probe of a deal they warned may quash competition by creating by far the largest European exchange operator.The European Commission set a Feb. 13 deadline in a wide-ranging investigation that will examine overlaps that threaten to eliminate or significantly reduce choice, it said in an e-mailed statement on Wednesday.This is the third time the German exch..
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  • Form 8-K WELLS FARGO & COMPANY/MN For: Sep 27

    Form 8-K WELLS FARGO & COMPANY/MN For: Sep 27
    Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here. UNITED STATES. SECURITIES AND EXCHANGE COMMISSION. Washington, D.C. ...
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  • BlackBerry outsourcing smartphone design in strategic shift; shares up

    BlackBerry outsourcing smartphone design in strategic shift; shares up
    TORONTO BlackBerry Ltd will outsource the development and design of its smartphones, a product category it helped pioneer and popularize, as the Canadian company bets on software and managing rival devices, it said on Wednesday.Shares of BlackBerry rose about 6 percent in early trading, even as it reported a sharper-than-expected drop in quarterly revenue.While some outsourcing of manufacturing had already occurred, the company will complete a full transition out of the hardware business by th..
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What Obamacare's Successes Should Tell Us About Its Failures .Memphis Pride Fest draws thousands Downtown .
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