Cyprus, Egypt Sign Deal Paving Way for Gas Pipeline
NICOSIA, Cyprus — Cyprus and Egypt have signed an agreement paving the way for the supply of Cypriot gas to the Arab nation through an envisioned pipeline.Cypriot Energy Minister Yiorgos Lakkotrypis and Egypt's Petroleum Minister Tarek el-Molla say the deal sets the political framework for additional commercial agreements that will determine the details of how, where and when the gas will reach Egypt.The two officials said after signing the deal Wednesday that future agreements will determine ..>> view originalUnited Continental's New President Gets Initial $5 Million Bonus
Updated Aug. 30, 2016 7:16 p.m. ET United Continental Holdings Inc. UAL 8.60 % on Tuesday released details of the base salary and other compensation for its newly hired president, Scott Kirby, who shifted into the job from the same post at rival American Airlines Group Inc. AAL 2.43 % Mr. Kirby, who was hired Monday, is slated to collect an annual base salary of $875,000 and a sign-on bonus of $5 million in options, among other incentive-based compensation, Uni..>> view originalChina stocks firm on company earnings
China stocks have been firm as the earnings season drew to a close, with interim results wrong-footing pessimists.It is showing signs that state-backed "National Team" investors had been buying blue-chip shares, especially financials, in an apparent effort to stabilise the market.Hong Kong stocks hovered near 10-month highs, amid signs that Chinese money inflows into the city hit the highest level in two months on Tuesday and preparations for the Shenzhen-Hong Kong Stock Connect went into high g..>> view originalMore Mitsubishi models in Japan found with inflated mileage
TOKYO (AP) — The mileage scandal at Mitsubishi Motors Corp. is widening after the Japanese government ordered sales halted on eight more models after finding mileage was falsely inflated. The Japanese automaker acknowledged in April it systematically falsified mileage data on its eK wagon and eK Space minicars, also produced for Nissan Motor Co. The transport ministry said Tuesday it carried out tests and found other models, including the Pajero sport utility vehicle, had inflated mileage ..>> view originalTheranos Reportedly Pulls Request for Zika Test Clearance After FDA Inspection
Blood-testing firm Theranos withdrew its request for emergency clearance of a Zika virus blood test after U.S. regulators found the company did not include proper patient safeguards in a study on the test, The Wall Street Journal reported, citing people familiar with the matter. Theranos was not immediately available for comment. The diagnostic test for Zika can detect additional strains of the mosquito-borne virus from blood drops finger-pricked from patients, Theranos CEO Elizabeth Holmes sai..>> view originalTribune Media agrees to sale of Tribune Tower in Chicago
Photo: M. Spencer Green File FILE - This April 25, 2016, file photo shows the Tribune Tower, center, on Michigan Avenue in Chicago. Los Angeles-based CIM Group has agreed to buy the tower for up to $240 million. Chicago-based Tribune Media announced the deal Tuesday, Aug. 30. ..>> view originalTwo Fed Officials Offer Different Views on Risks From Low Rates
Two Federal Reserve officials laid out sharply different takes on whether continued low interest rates might raise the risks of financial instability, highlighting divisions on the Federal Open Market Committee ahead of its September policy meeting.Federal Reserve Bank of Chicago President Charles Evans argued at a conference in Beijing Wednesday that expectations for interest rates remaining low for a long time are becoming entrenched among investors, allowing the Fed to delay raising rates wi..>> view originalDollar hits one-month high vs yen on Fed rate hike bets
LONDON The dollar hit a one-month high against the yen on Wednesday as investors reversed bets made against the greenback on speculation that the U.S. Federal Reserve would not hike interest rates anytime soon.The U.S. currency has gained almost 3 percent versus the yen JPY= since Friday, when Fed Chair Janet Yellen and Vice Chair Stanley Fischer kept open the possibility of a 2016 rate hike, perhaps as soon as September, at a meeting of central bankers in Jackson Hole, Wyoming. Markets are p..>> view originalLegendary Boeing engineer Joe Sutter dies; he pioneered Boeing's 747 jumbo jet
Joe Sutter, who died Tuesday at age 95, was known for his bold technical designs, for tough but inspirational leadership, and for a roguish sense of humor that made him a vibrant personality. Joe Sutter, the legendary Boeing engineer who led development of the 747 jumbo jet, was known for his bold technical designs, for tough but inspirational leadership, and for a roguish sense of humor that made him a vibrant personality to the end of his days. Mr. Sutter died Tuesday at age 95. His son, Jona..>> view originalWhat just happened to Apple, explained
Apple CEO Tim Cook. AP The European Commission, the EU's executive arm, is ordering Apple to pay $14.5 billion in taxes to Ireland. But Ireland doesn't want the money, and Apple says it shouldn't have to pay. And the kind of tax breaks that the EU accuses Ireland of offering Apple are similar to the kind of deals common in, and legal in, the US. What happened? This is what the EU says: Apple Inc., which is based in California, set up two companies in Ire..>> view original
Wednesday, August 31, 2016
Cyprus, Egypt Sign Deal Paving Way for Gas Pipeline and other top stories.
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