Markets

Winter Heating Costs Likely To Increase

Winter Heating Costs Likely To Increase

Home heating costs are poised to rise this winter, the U.S. Department of Energy said Thursday, after a big drop last winter that was tied to mild weather and low natural gas prices. The price of gas is expected to rise a modest 11% over last winter, but still that would be the highest average winter price in six years. - Heating oil: up 38 percent, or $378, to an average $1,370. Read More

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Deutsche Bank CEO doesn't reach accord with US

Qatari ex-premier Sheikh Hamad bin Jassim bin Jabor al-Thani and his cousin, the former emir Hamad Bin Khalifa Al-Thani, now own 10 percent of the German bank's shares, the report said . "We are confident that the German and European authorities are monitoring the situation and working to ensure the financial system remains resilient", he said. Read More

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Russia accuses US of siding with 'terrorists' in Syria

U.S. Secretary of State John Kerry said Thursday that Washington is " on the verge " of ending Syria talks with Moscow because of days of deadly bombings of Aleppo by Russian and Syrian planes. U.S. officials had considered a humanitarian airlift to rebel-held areas, which would require escorts by USA warplanes, but this has been deemed too risky and has been "moved down the list", one official said. Read More

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Facebook Still Liking the UK's Soft Tax Regime

Facebook Still Liking the UK's Soft Tax Regime

The social media giant is just one of many tech companies causing outrage at the way it "games" the tax system; other culprits include Apple, Alphabet (Google's owner) and Amazon.com, while beyond the technology sector coffee shops owner Starbucks also came under fire for its tax policies, resulting in a boycott in the United Kingdom that quickly had the company voluntarily paying a bit more tax than it was legally obliged to. Read More

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Guardiola wishes City had 3 Fernandinhos

Guardiola wishes City had 3 Fernandinhos

Guardiola said: "It's part of our job". City splashed out nearly £175million on new players last summer, more than twice as much as Spurs, who spent just over £70m. If you need someone to make a correction or a challenge, he sees it too. He said: "It was a tough game and Tottenham are a very good team who have been fighting for the title in the last few years". Read More

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Christie, Giuliani: If Trump didn't pay taxes, he's 'genius'

Please click the button below to manage your account. "He stiffed small businesses, laid off workers, and walked away from hardworking communities", the statement said. Trump's allies defended him during appearances on the Sunday news shows. As Trump himself said, "Welcome to the real estate business". "Don't you think a man who has this kind of economic genius is a lot better for the United States than a woman, and the only thing she's ever produced is a lot of work for the Federal ... Read More

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Prayer Service Being Held Before Roy Moore Trial

Supreme Court's decision legalizing same-sex marriage. Closing statements finished around 2:30 p.m. The nine-member court has 10 days to rule. "...but what you can't do is defy the law of the land". 28, 2016. With Moore's trial for ethics charges completed, the heads of each of the three branches of Alabama's state government have now undergone serious legal proceedings within the past six months. Read More

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USA pending home sales slump in August

USA pending home sales slump in August

August's score also came in marginally lower than the performance a year earlier, when the reading was 108.7. Yun said the market's recovery could stall out without more homebuilding. Sales are considered "pending" once contracts are signed but the transaction has yet to close. The West recorded the largest decline in August, falling 5.3 percent to 102.8 from July's reading. Read More

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Germany's Commerzbank to cut 7300 jobs in restructuring

Germany's Commerzbank to cut 7300 jobs in restructuring

The overhaul includes merging its four main business segments into two and moving 80 percent of its processes online in an attempt to make its earnings less volatile. The bank's Mittelstand division, seen as the engine room of Germany's mid-sized corporate economy, will be combined with its corporate branch, while investment activity will be scaled back. Read More

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Mylan CEO defends EpiPen cost to angry lawmakers

Mylan CEO defends EpiPen cost to angry lawmakers

Lawmakers from both the parties assailed her over the dramatic price increase from $100 for a pair in 2009 to a staggering $608 today. "After Mylan takes our punches, they'll fly back to their mansions in their private jets", Cummings said in an opening statement , suggesting the company was following the "PR playbook" of other high-charging drug companies that have appeared before the committee. Read More

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Oil falls on US crude stock rise

On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 2% at $44.91 a barrel. In London , Brent North Sea crude for delivery in November won 22 cents to reach US$45.95 a barrel. USA crude rose 0.7% to $43.35 a barrel after sharp declines last week. OPEC and non-member producers including Russian Federation are discussing a deal to stabilise the market by at least freezing output, although key details such as the timing and baseline for any deal have yet to ... Read More

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Apple 'considers McLaren Technology Group takeover'

Apple 'considers McLaren Technology Group takeover'

The two firms have been talking for several months about plans to either have Apple make a strategic investment in the McLaren Technology Group or buy it outright, the article said. While that's a substantal chunk of change for anyone without their picture in the Forbes 400, it's comparative peanuts to the Cupertino-based Apple, which has more than $200 billion lying under the proverbial mattress. Read More

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Task force investigating Sept. 3 clash between pipeline protesters and private security

The investigation is focusing not only on protesters but also whether the private security guards were licensed and whether their actions were warranted, county spokesman Rob Keller said. "I hope the United Nations will use its influence and global platform to protect the rights of the Standing Rock Sioux Tribe". Included in the court filing were the locations of these sites. Read More

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Energy Transfer Equity L.P. (ETE) Receives Anayst Rating

Energy Transfer Equity L.P. (ETE) Receives Anayst Rating

Energy Income Partners LLC raised its stake in Enbridge Energy Partners, L.P.by 22.1% in the first quarter. The stock is -1.7% below another chart threshold, its 50-day moving average and -7.22% below its 20-day simple moving average. Spectra Energy Partners, "s revenue was up 2.5% compared to the same quarter a year ago". Enbridge Energy Partners, L.P.'s revenue for the quarter was down 20.1% compared to the same quarter past year. Read More

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Belgium sees first case of minor being granted euthanasia

Belgium sees first case of minor being granted euthanasia

Prof Distelmans said the child was suffering from an incurable condition. Senator Jean-Jacques De Gucht confirmed the minor who died was from Belgium's Flemish region, and was in the "final stages" of an illness. The Netherlands also allows mercy killings for children, but only for those 12 and over. Euthanasia is legal in Belgium, Luxembourg, the Netherlands and Colombia. Read More

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Ackman feels like Mexican, buys 10 pct of Chipotle

Ackman feels like Mexican, buys 10 pct of Chipotle

A stake of almost 10 percent would make Pershing Square the second-largest investor in Chipotle, according to data compiled by Bloomberg. Chipotle Mexican Grill (CMG): The most positive equity analysts on Chipotle Mexican Grill (CMG) expects the shares to touch $590, whereas, the least positive believes that the stock will trade at $215 in the short term. Read More

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Wells Fargo CEO Refuses To Resign After Massive Fraud Exposed

Last week, the San Francisco-based bank paid multiple fines to regulators totalling $185m after finding many of its customer's accounts were either falsified or opened without permission. As first noted by Fortune Magazine, Tolstedt, 56, retirement package is expected to reach almost $125 million, including thousands of shares of Wells Fargo stock, options, and restricted shares. Read More

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Horizon Pharma successfully negotiates Acquisition of US Competitor for €712M

Horizon Pharma successfully negotiates Acquisition of US Competitor for €712M

Horizon Pharma PLC opened for trading at $17.2 and hit $19.05 on the upside on Monday, eventually ending the session at $18.89, with a gain of 9.44% or 1.63 points. Horizon, based in Dublin, plans to finance the transaction through $675 million of external debt along with cash on hand. Finally, Zacks Investment Research upgraded shares of Horizon Pharma from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a research report on Monday, July 11th. Read More

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