Energy stocks push Asian markets higher, after oil prices surge on OPEC deal
Most Asian markets closed higher on Thursday after an oil-price rally amid reports of potential production cuts, but India's shares dropped after reports that the Indian army conducted strikes against militants in the disputed region of Kashmir. The Nifty 50 index was down 1.31 percent, while the Sensex fell 1.85 percent as of 3:34 p.m. HK/SIN. The Indian rupee fell from levels as low as 66.3175 against the dollar to as high as 66.9450 following the news of the strikes. Reuters reported I..>> view originalEpiPen's $69 Cost in Britain Shows Other Extreme of Drug Pricing
The EpiPen allergy shot, enmeshed in controversy because it sells for almost as much as the latest iPhone in the U.S., costs less than its leather case in Britain.The price of an EpiPen two-pack has surged to more than $600 in the U.S., sparking a political outcry. While the manufacturer, Mylan NV, says it takes home about $274, in the U.K. a similar pair of injectors costs the state-funded National Health Service 53 pounds ($69). The numbers highlight the stark differences in the way drugs are..>> view originalCalifornia Suspends Ties With Wells Fargo
Mr. Chiang, a Democrat who is running for governor in 2018, said his office had “long relied on Wells Fargo, our oldest California-based financial institution, as a partner to meet the state’s investment and borrowing needs.”So far this year, California has sold about $50 billion in municipal debt out of total of about $318 billion issued nationwide, according to Municipal Market Analytics, a research firm.Mr. Chiang noted that he sits on the board of the state’s giant public pension funds, Cal..>> view originalTakata's Tricky Protection Racket
Ever hear the one about the $290 million company that was too big to fail? It's happening right now in Japan.Customers of Takata, whose airbags are subject to the largest automotive recall in history, are holding talks with the company this week, people with knowledge of the situation told Bloomberg's Craig Trudell, Masatsugu Horie and David Welch. The discussions are meant to hammer out how the cost of repairing tens of millions of defective devices will be split between the carmakers that buy..>> view originalNovo Nordisk to ax 1000 jobs as competition grows
Novo Nordisk A/S NVO, -0.25% said it will slash around 1,000 jobs in a cost-cutting response to increased..>> view originalNC improves ranking in business climate report - Winston
North Carolina’s ranking in an influential tax business climate report improved by four spots to 11th for 2017, the Tax Foundation said Wednesday. The 13th annual report by the nonpartisan, pro-business Washington think tank is based on five tax categories: corporate, individual income, property, sales and unemployment insurance. An online service is needed to view this article in its entirety. You need an online service to view this ..>> view originalRedstone Daughter Seeks a Viacom Reunion -- WSJ
Shutterstock photo By Keach Hagey and Joe Flint Weeks after cementing a powerful role in her family's $40 billion media empire, Shari Redstone is moving to potentially undo the last big strategic move of her ailing father, Sumner Redstone. National Amusements Inc., the Redstone family's holding company, is poised to urge the boards of the companies it controls -- Viacom Inc. and CBS Corp. -- to explore a merger, according to people familiar with the matter. It plans to send its messa..>> view originalGovernor to approve state-run retirement for private workers
FILE - In this May 18, 2016 file photo, California Gov. Jerry Brown gestures during a community event in Sacramento, Calif. Brown is preparing to sign a bill to automatically enroll millions of private-sector workers in retirement savings accounts. The legislation is an attempt to address the growing concern that many workers will be financially unprepared to retire. Gov. Brown says he’ll sign it on Thursday, Sept. 29, 2016. (Rich Pedroncelli, File/Associated Press) By Jonathan J. Cooper |..>> view originalTrump's fortune drops $800m in one year
Image copyright Getty Images Image caption Mr Trump likes to remind voters of how he is 'self-financing' his campaign "Part of the beauty of me is that I'm very rich," Donald Trump once said, but according to Forbes magazine he's much less rich than a year ago.The business magazine has reappraised the Republican White House hopeful's personal wealth and found it has haemorrhaged $800m since 2015.Forbes now estimates the real estate magnate's net worth..>> view originalBillionaire Li Takes Long-Term Bet on Newly Listed Postal Bank
Billionaire Li Ka-shing, Hong Kong’s richest person, has made a “long-term investment” in Postal Savings Bank of China Co., which listed on the city’s stock exchange Wednesday.The chairman of CK Hutchison Holdings Ltd., his three charitable foundations and his son Victor Li, hold a combined 11.62 percent of H-shares in the Chinese lender, according to an e-mailed statement Thursday. That’s about 2.8 percent of the shares issued by Postal Bank, a stake that’s worth $1.4 billion at current prices..>> view original
Friday, October 14, 2016
Energy stocks push Asian markets higher, after oil prices surge on OPEC deal and other top stories.
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