Markets

Mylan CEO set to defend EpiPen prices amid public outcry

Bresch said the company receives $274 per two-pack after rebates and fees are deducted. "After subtracting all EpiPen auto-injector related costs our profit is $100, or approximately $50 per pen", she said. Again, this failed to impress the committee. The hearing comes after Democratic presidential candidate Hillary Clinton previously calledMylan's price increases outrageous, while both Democratic and Republican lawmakers have called on federal agencies to investigate Mylan's business ... Read More

Continue Reading »

Colonial Pipeline restarts main line

Colonial Pipeline restarts main line

GasBuddy .com and AAA Fuel Gauge both reported nationwide gas prices up 3 cents from a month ago. Colonial Pipeline spokesman Steve Baker tells The Associated Press that testing is now being done on the line. "AAA advises motorists to continue their normal driving and fueling routine", said Garrett Townsend, Georgia public affairs director for AAA, in a news release. Read More

Continue Reading »

Mike Phelan close to agreeing Hull City management role

The Gunners feel liberated playing away because the atmosphere at the Emirates has been soured by their opening defeat 4-3 to Liverpool. "We go away again so you are happy with the three points". Hull took six points from its first two games but hasn't won since. We don't really want to be concentrating on what's going to happen. "I don't think they are title contenders but I've been very impressed". Read More

Continue Reading »

What's Driving Crude Oil Prices Early on September 6?

Iran is trying to regain its share of the global petroleum market after the removal of Western sanctions following Iran's nuclear deal with world powers. Iran, like other major oil producers, has said it will increase its oil output inline with its customers' needs, Takin said. With oil prices having risen from the decade-lows they hit in the beginning of the year, many shale producers in the US have recently ramped up drilling. Read More

Continue Reading »

Analysts Recommendations: The Goodyear Tire & Rubber Company (NASDAQ:GT)

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for The Goodyear Tire & Rubber Company as 4.02 Billion. The Goodyear Tire & Rubber Firm (NASDAQ:GT) [ Trend Analysis ] considering as most desiring stocks in active trading lead, shares shows upbeat performance surged following opening to traded at $32.39 with volume of 8.35 Million shares. Read More

Continue Reading »

Libya says attacks on 2 key oil terminals repelled

Libya says attacks on 2 key oil terminals repelled

The NOC considers itself loyal to the GNA, but also to the country's internationally recognised parliament, which supports Haftar's forces and has refused to grant the GNA a vote of confidence. Good as it is for possible peace in Libya, the higher exports is bad news for the oil market because it could further worsen the glut. Libya halted loading what would be the first overseas crude shipment from the port of Ras Lanuf since 2014 as rival armed forces fought for control of the facility, ... Read More

Continue Reading »

Declare chikungunya 'dangerous' disease, Satyendar Jain tells civic bodies

The Union health minister added that central government hospitals had set up enough fever clinics. Saying that even the reported 10 deaths should not cause panic, he said: "Some 200 people die in Delhi hospitals daily". Jain said it was top-priority to ensure that every hospital, nursing home and laboratory relayed data about chikungunya patients to the government agencies concerned. Read More

Continue Reading »

Samsung recalls 1M Samsung Galaxy Note 7 phones

Samsung recalls 1M Samsung Galaxy Note 7 phones

Consumer Product Safety Commission is stepping in on a formal recall. This recall involves the Samsung Galaxy Note7 smartphone sold before September 15, 2016. Replacements are expected in stores by next Wednesday. Recent reports have shown the Note 7 phone catching fire and exploding. Samsung Electronics America said Note 7 replacement units will be available in the U.S.at most retail stores by September 21. Read More

Continue Reading »

Bayer, Monsanto try to create global chemical and ag giant

That bid was turned down by Monsanto which deemed the price inadequate. Together, Bayer and Monsanto will represent a global giant weighing 23 billion annual turnover of euros and involving close to 140,000 employees. The companies expect the world population to grow by 3 billion people by 2050, creating an increased need for improved crop yields and sustainability. Read More

Continue Reading »

US crude stocks unexpectedly slip, lost barrels fail to show up

US crude stocks unexpectedly slip, lost barrels fail to show up

Both Brent and WTI rose briefly after the U.S. Energy Information Administration ( EIA ) reported that crude inventories fell 559,000 barrels during the week ended September 9. Saudi Arabia has retaken the position of the world's top oil producer from the USA, according to the International Energy Agency. The price for Brent crude oil was down 1.2 percent to open the day at $46.55 per barrel. Read More

Continue Reading »

What you need to know about the Dakota Access pipeline fight

A Sioux tribe's environmental concerns over the Dakota Access pipeline's potential impact on the Standing Rock reservation's water supply are "unfounded", according to an internal memo sent to Energy Transfer Partners employees Tuesday. " This pipeline must be stopped! ". Ronda Smith of Youngstown, among them, said: "I'm here to do whatever I can to straighten the government out, whether it is the pipeline or fracking". Read More

Continue Reading »

Wells Fargo to pay $185 million following false accounts scandal

Wells Fargo to pay $185 million following false accounts scandal

As part of the settlement , Wells Fargo needs to make changes to its sales practices and internal oversight. Roughly 5,300 employees associated with the scam have been fired since it was uncovered in 2011. Last year, Los Angeles City Attorney Mike Feuer filed a lawsuit that alleged Wells Fargo "victimized their customers by using pernicious and often illegal sales tactics" including unrealistic quotas and policies that have "driven bankers to engage in fraudulent behavior". Read More

Continue Reading »

Trump says Clinton's "deplorables" remark is disqualifying

Trump hasn't disclosed as much information as Mr. Clinton's wife has. Clinton, who has said she is the candidate to unify a divided country, made the "deplorables" comment at a fundraiser Friday night in NY. "Right? The racist, sexist, homophobic, xenophobic, Islamaphobic - you name it", she said, before stressing that other Trump supporters are frustrated and need sympathy. Read More

Continue Reading »

Median Income Rose 5.2% in 2015

Median Income Rose 5.2% in 2015

In fact, it was the biggest measured year-over-year increase since the Census Bureau began tracking this measure in 1968. The data is sure to become a talking point in the 2016 presidential election. Women have fared better. "We should make sure the economy is nurtured going forward, and not subverted by bad policy decisions", said Elise Gould, a senior economist at the Economic Policy Institute in Washington. Read More

Continue Reading »

RBA announces September cash rate decision

RBA announces September cash rate decision

Most economists expected the central bank to hold fire to see what impact the earlier cuts were having and outgoing RBA governor Glenn Stvens said the current cash rate was appropriate. Of course the latest national accounts, that shows Australia's economy grew at a very respectable 0.5 per cent in the second quarter and 3.3 per cent growth rate over the year, won't stop the RBA from cutting the official cash rate again. Read More

Continue Reading »

Activist Investor Ackman Discloses Stake in Chipotle

Activist Investor Ackman Discloses Stake in Chipotle

Ackman's Pershing Square Capital Management LP has amassed a 9.9% stake in Chipotle Mexican Grill Inc. The subject of those discussions, according to the filing , "may relate to the governance and board composition, business, operations, cost structure, management, assets, capitalization, financial condition, strategic plans, and the future of the issuer". Read More

Continue Reading »

EPA to shut some Oklahoma wastewater wells after quake

EPA to shut some Oklahoma wastewater wells after quake

Oklahoma geologists have documented links between increased seismic activity in the state and the injection into the ground of wastewater from oil and gas production, according to a report from a state agency past year. A backlash against fracking in Oklahoma might be about to get worse after a record-tying natural disaster over the weekend, potentially slowing the development of some of the United States' most coveted shale plays. Read More

Continue Reading »

Janet Yellen says case for interest rate hike is getting stronger

But Yellen was vague on timing. Another possibility is after the Fed meeting in December. Dudley had said last week a rate hike was possible soon, maybe even in September, and Fischer had said the Fed was close to meeting its objectives. Stocks didn't react much to Yellen's comments on Friday. The S&P 500 index showed 29 new 52-week highs and one new lows, while the Nasdaq recorded 108 new highs and 18 new lows. Read More

Continue Reading »