My View: Trump right about immigration
Glencore Sells Coal Rail Unit for $873 Million to Cut Debt
Glencore Plc, the world’s biggest commodity trader, sold its coal haulage unit in Australia to U.S. railroad operator Genesee & Wyoming Inc. for A$1.14 billion ($873 million) as part of a broader plan to almost halve its debt.The sale of the unit known as GRail forms a “significant part” of the debt-reduction program, the Baar, Switzerland-based trader and miner said in a statement Thursday. The sale price exceeds the company’s earlier target of A$1 billion for GRail, the third-biggest coal hau..>> view originalEurope Stock Traders Waiting for ECB Send Hedging Costs to Lows
European equities were little changed on Thursday, before the European Central Bank gives its policy update. That’s something that traders have gotten used to.The benchmark Stoxx Europe 600 Index has traded in a tight, 14-point range since the last ECB gathering, when President Mario Draghi downplayed the need for additional stimulus. As expectations for equity swings tumbled, so did the cost of options protecting against volatility, with a gauge trading near its lowest levels in almost six mon..>> view originalYahoo wants the US to explain its email surveillance order
Yahoo has called on the US government to explain why it compelled the company to scan millions of its users' email accounts. Yahoo's call, outlined in a letter published on Wednesday, comes after a report from Reuters showed that the web company built a powerful surveillance system that scanned all incoming emails for a specific string of characters. Yahoo built the system at the request of the US government in 2015, according to Reuters. In a letter to James Clapper, the director of national i..>> view originalThree Denver hotels in top 5 of Condé Nast Traveler's best in the West
Three hotels in the heart of Denver lead the pack in the latest Top Hotels in The American West by Condé Nast Traveler. Hotel Teatro came in at #1, The Art, a hotel in downtown Denver adjacent to the Denver Art Museum, was at #2 and The Oxford Hotel at #4. Hotel Teatro sits in a landmark that dates back to 1911 with modern touches in the 110-room hotel located steps from many attractions and boasting to be “the city’s only boutique hotel.” The Art, which opened in June 2015, incorporates cont..>> view originalNikkei rises to near 6-month high on strong US stocks; market prices in ...
TOKYO Oct 20 Japan's Nikkei share average rose to a near six-month high on Thursday taking cues from rising U.S. stocks, as investors priced in the outcome of the final U.S. presidential election debate, which a snap poll suggested was won by Democratic candidate Hillary Clinton.The Nikkei rose 1.4 percent to 17,235.50, the highest closing level since April 27. A CNN/ORC snap poll said 52 percent thought Clinton won the debate while 39 percent said her Republican rival Donald Trump was the vic..>> view originalCan This Woman Save Wells Fargo's Consumer Banking Business?
Mary Mack arguably has the hardest job in banking today. The head of retail banking at Wells Fargo & Co., Ms. Mack must change the sales culture at the scandal-scarred firm. To do so, she will have to figure out how to incentivize employees without spurring the kind of improper behavior that led to the bank’s $185 million fine, regulatory enforcement action and abrupt retirement of Chief Executive John Stumpf. In the wake...>> view originalIntel Gets Boost in EU Battle Over $1.16 Billion Antitrust Fine
Intel Corp.’s fight to overturn a record 1.06 billion-euro ($1.16 billion) European Union antitrust fine received a boost from an adviser to the bloc’s top court in a case that could have ramifications for a growing list of disputes involving U.S. tech giants from Google to Apple Inc.Intel’s appeal should be totally reviewed by a lower court, which was wrong to rule against the company’s system of rebates, Advocate General Nils Wahl of the EU Court of Justice said in a non-binding opinion Thurs..>> view originalNissan Seals $2.3 Billion Mitsubishi Motors Stake Acquisition
Nissan Motor Co. completed its acquisition of a $2.3 billion stake in Mitsubishi Motors Corp., clearing the way for Carlos Ghosn to take over as chairman and embark on a bid to turn around a third major automaker.Mitsubishi Motors said Nissan paid 468.52 yen per share for about 34 percent of its outstanding stock, in a company statement. Ghosn, 62, will become chairman effective Dec. 14, putting him at the helm of Mitsubishi Motors, Nissan and its alliance partner Renault SA. Carlos Ghosn, lef..>> view originalRoche Sales Lifted by Cancer Drugs
Roche Holding AG said sales climbed in the third quarter thanks to strong growth from several of its cancer and immunotherapy drugs. The Basel, Switzerland-based health care giant said revenue increased 4.5% in the three months to Sept. 30 to 12.48 billion Swiss francs ($12.6 billion), just missing analysts’ forecasts of 12.55 billion francs. Accounting for currency fluctuations, sales increased 3%. It doesn’t report profit figures...>> view original
Tuesday, November 1, 2016
My View: Trump right about immigration and other top stories.
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