World Stock Markets Muted as Investors Await US Job Report
HONG KONG — World stock markets were listless Friday as investors awaited key U.S. jobs data that could influence the Fed's interest rate policy.KEEPING SCORE: European shares were higher in early trading. Britain's FTSE 100 added 0.5 percent to 6,777.58 while France's CAC 40 gained 0.5 percent to 4,462.91. Germany's DAX edged up 0.1 percent to 10,543.24. U.S. stocks were poised for a flat open, with Dow futures up less than 0.1 percent to 18,403.00 and broader S&P 500 futures unchanged at 2..>> view originalFDA Fees On Industry Haven't Fixed Delays In Generic Drug Approvals
Enlarge this image Where are the generic alternatives to EpiPen and other expensive drugs that have lost patent protection? Victor J. Blue/Bloomberg via Getty Images hide caption toggle caption Victor J. Blue/Bloomberg via Getty Images Where are the generic alternatives to EpiPen and other expensive drugs that have lost patent protection? ..>> view originalHanjin bankruptcy causes global shipping chaos, retail fears
By ROBERT JABLON, Associated Press LOS ANGELES (AP) — The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves. The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard contai..>> view originalEU Commissioner Warns Other Firms Could Get Apple Tax Treatment
Other multinationals that do not employ as extreme Irish tax schemes as Apple but shift profits via the country to tax havens could also be breaching EU rules, Competition Commissioner Margrethe Vestager said on Thursday. She handed the iPhone maker a record 13-billion-euro bill for Irish registered units that Dublin authorities accepted were liable to tax in no country on Tuesday. She told Reuters in an interview that other firms’ arrangements, which involve routing profits to Irish-registered..>> view originalHere's Why Shares of Lululemon Are in a Low Lunge
Lululemon Athletica has had a stellar run on the stock market in 2016. But the yoga and running gear maker couldn’t extend the gains on Thursday, after outlook targets that were a bit softer than Wall Street expected. For much of this year, Lululemon lulu had been a star performer within the athletic gear space, a subcategory of apparel that has benefited from the “athleisure” trend that Lululemon helped popularize. Through Thursday’s closing price, the stock had soared 46% year-to-date—..>> view originalSamsung announces global recall of Galaxy Note 7
SEOUL, Sept. 2 (Yonhap) -- Samsung Electronics Co. on Friday announced an unprecedented global recall of its Galaxy Note 7 after several of the phablets caught fire while being charged, promising to offer new replacements to all of the buyers at home and abroad. Samsung apologized for the recall in a news conference in Seoul, saying that its investigation has found the fire was caused by faulty battery cells. Koh Dong-jin, head of Samsung's handset business division, told reporters that onl..>> view originalWal-Mart to Cut 7000 Back-Office Store Jobs
Updated Sept. 1, 2016 1:50 p.m. ET Wal-Mart Stores Inc. WMT 1.96 % plans to cut thousands of back-office positions around the country, a sign that the retailer’s effort to make its cavernous stores more efficient is also changing the face of its workforce. The largest private employer in the U.S. is eliminating about 7,000 store accounting and invoicing positions over the next several months. The jobs are mostly held by long-term employees, often some of the highest paid..>> view originalGlobal markets brace for US jobs data, seeking Fed clues
LONDON Stocks and the dollar inched higher on Friday, with investor focus squarely on U.S. job data later in the day which could give clues on whether the Federal Reserve will raise interest rates, maybe even as soon as this month.The pan-European STOXX Europe 600 edged up 0.2 percent after ending Thursday flat, remaining in a tight trading range that has persisted for much of the last month as caution prevailed ahead of the jobs figures.Economists polled by Reuters expect the U.S. economy to..>> view original
Friday, September 9, 2016
World Stock Markets Muted as Investors Await US Job Report and other top stories.
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