Business

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Jobless rates fell in 12 US states, hit record lows in 3

WASHINGTON (AP) — Unemployment rates fell to record lows in Alabama, Hawaii and Texas last month, and dropped in nine other U.S. states.<p>Employers added jobs in nine states in October, and cut them in three, the Labor Department said Friday.<p>Steady hiring has driven down unemployment in most states …

Economy

Senate Tax Plan Includes Exemption for Private Jet Management

It may look like a giveaway to rich people who own their own private jets. But the aviation industry and legislators, including a liberal Democratic senator who helped inspire the provision, said it only reinforces the status quo.<p>And the provision, part of the Senate Republicans’ tax plan under …

Internal Revenue Service

For $200,000, Tesla will sell you the ‘world’s fastest’ consumer car

Tesla's very first car is back. It's red. It's fast. And it will cost you upward of $200,000.<p>The Roadster, the electric sports car that put the automaker on the map, made a surprising appearance at Tesla's semi-truck event late Thursday. The next-generation Roadster is Tesla's first new sports car …

Elon Musk

US rejects Ford petition to delay recall of three million vehicles

The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co <F.N> to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.<p>The agency said it did not find the request by the second …

Determine

Era of ultra-low inflation could draw to close as globe recovers, says Draghi

Global economic growth could stoke a rise in inflation across the world, ending the era of flat prices – and ultra-low interest rates, Mario Draghi has indicated.<p>The head of the European Central Bank said low rates are still needed to support the economy for now as inflation remains subdued, but …

Economy

Qualcomm and CEO Steve Mollenkopf Face An Acquisition, Lawsuits, and a Big Takeover Bid

Qualcomm is in the vortex of a high stakes technology battle.<p>The giant semiconductor company is fighting off a $130 billion hostile takeover offer …

Mobile Technology

Apple's HomePod speaker delayed until next year

If you were hoping to buy a HomePod for your honey this holiday season, you'll have to come up with plan b.<p>Apple confirmed on Friday its expensive Siri-powered smart speaker has been delayed.<p>Instead of being available in December, it will ship early next year, the company told CNN Tech.<p>Apple …

Amazon

Stay away from red-hot Chinese IPO market

Jim Cramer examined the recent spate of Chinese companies coming public on U.S. exchanges and explained why they're not worth the investment.

Jim Cramer

Applied Materials CEO: 'The future of competition' fueling our business

Jim Cramer caught up with Applied Materials President and CEO Gary Dickerson about his company's role in artificial intelligence and big data.

Applied Materials

Stay focused on individual companies

Jim Cramer told investors not to blame earnings reports for tame market action and focus on individual stocks instead.

Jim Cramer

Merkel Warned of European Stability Risk as Party Talks Drag On

German Chancellor Angela Merkel inched forward in her quest for a fourth-term coalition, seeking to avert a government crisis as one negotiator …

Angela Merkel

AT&T Drones Are Cleared for Take Off in Puerto Rico

The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T to use a new drone known as the Flying Cow or Cell on Wings …

Puerto Rico

Businesses lure seasonal help with chances for other jobs

NEW YORK — Every fall, the staff count at Fun.com swells from 150 to as high as 2,000, as the online retailer fills orders for Halloween costumes and decor.<p>The company offers its seasonal staff at the warehouse in North Mankato, Minnesota, an incentive to perform well — those who do will be …

Small Business

China's home price growth picks up in October

BEIJING (Reuters) - China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices …

Economy

Daily Beast among digital sites eyeing sale

Digital media is facing a reckoning.<p>The start-ups that were once the darlings of the industry are facing budget shortfalls and revenue declines as they struggle to survive in an over-saturated market where Google and Facebook lay claim to the vast majority of ad dollars.<p>Now, the bubble is bursting …

Digital Media

Nevada refusing Pfizer demand for return of execution drugs

A Nevada prisons official said Friday the state is refusing pharmaceutical company Pfizer's demand to return a drug it manufactured and not use it in a planned lethal injection execution.<p>Nevada received a letter Oct. 4 similar to one received by officials in Nebraska and reported by the Omaha …

Prison

Honda recalls 900,000 Odyssey minivans; 2nd row seat may tip

NEW YORK – Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched.<p>The recall announced Saturday covers vehicles from the 2011-17 model years. About 800,000 of the affected minivans were sold in the United States.<p>Honda says it …

Honda

Sky shares climb as Comcast, Verizon and Sony eye up 21st Century Fox assets

Sky shares climbed almost 4pc today after reports Comcast, Verizon and Sony had made separate approaches to acquire assets belonging to its part-owner 21st Century Fox.<p>The news follows reports earlier this month that Disney had been in talks to buy 21st Century Fox’s 39pc stake in the British …

21st Century Fox

Software startups raise billions behind closed doors

<b>"When a venture capitalist</b> coined the concept 'unicorn club' in 2013, it referred to software start-ups valued at $1 billion or more — just 39 at …

Venture Capital

A Woman Who Prevented Katy Perry From Buying a Convent Must Pay $5 Million

Katy Perry will walk away from a years-long real estate squabble $1.57 million richer, after a jury decided a California businesswoman intentionally …

Katy Perry

Roger Federer just passed Tiger Woods in all-time prize money with $110.2 million - MarketWatch

Not much more could have gone right for tennis’ Roger Federer this year.<p>He missed the last six months of 2016 because of injuries, and entered this …

Roger Federer

Spirit Airlines turns to Disney to improve its customer service

Spirit Airlines, the ultra-low-cost carrier from Florida, has reported some of the biggest profit margins of any airline in the country because of its practice of charging passenger fees for a long menu of basic services.<p>But the airline also has had the highest rate of complaints by passengers for …

Airlines

Apple's Future iPhone X Models May Come With a Surprise

It’s been an up and down kind of week for Apple fans.<p>Over the last several days, several reports have suggested that Apple is making progress in …

IPhone X

As Native Americans Face Job Discrimination, A Tribe Works To Employ Its Own

When he started working as a bartender a few years ago in Seattle, Howie Echo-Hawk says he began experiencing discrimination. First, a bar manager told him to get a respectable haircut.<p>"I had a Mohawk, which is the traditional style of my people and I wore it because of that," he said. Echo-Hawk is …

Cherokee Nation

Chinese state media just wiped $7.8 billion off this stock

The world's most valuable liquor maker is finding out what it's like to be critiqued by Chinese authorities.<p>Shares in Kweichow Moutai, China's top booze brand, fell by as much as 5.7% on Friday after state-run news agency Xinhua urged investors to take a "rational view" of the company. The fall …

China

Dry bulk orders quadruple so far in 2017

• Dry bulk orders have surged by 4x during the first 10 months of this year, according to analysts at Alphabulk.<br>• A total of 287 vessels over 15K dwt …

Stocks

iPhone X Adoption Only A Bit Behind The iPhone 6s

Apple’s iPhone X’s lead-times dropped this week from 3 to 4 weeks to 2 to 3 weeks and Gene Munster at Loup Ventures updated his analysis of the X’s availability at US Apple stores. While the on-line availability became better Munster’s data is mixed. Additionally Localytics provided me with …

Phil Schiller

U.S. Fund-Flows Weekly Report: Funds Experience Positive Net Flows For The Second Consecutive Week

<i>By Patrick Keon</i><p>After taking in almost $17.5 billion of net new money the prior week, Thomson Reuters Lipper's fund macro-groups (including both …

Investing

The Kochs Are Inching Closer to Becoming Media Moguls

Four years ago, Charles G. and David H. Koch seemed poised to control some of the country’s biggest newspapers. Known for using their vast wealth and network of donors to advance their brand of libertarian-infused conservatism, the titans of Koch Industries explored buying the Tribune Company’s …

Fascism

Electronic Arts And Activision Blizzard Offer Hedge For Traditional Sports Investments

EA and ATVI offer a hedge for investments in traditional sports companies like BATRA, MSG, and FWONK.<p>A successful esports league could eventually be …

Activision Blizzard

Apple, Cisco, Google, Microsoft And Oracle Already Have A Tax Rate Below 20%

The US House of Representatives and Senate are both working to pass tax reform that has President Trump’s 20% corporate tax rate goal. It is touted that since the US tax rate is 35% and is higher than pretty much every other country the US needs to drop it. However when various deductions are used …

Thom Tillis

Lawmakers say $100 billion in disaster aid still not enough

WASHINGTON (AP) — The White House has sent Congress a $44 billion disaster aid request that's already under attack from lawmakers from hurricane-hit regions as way too small.<p>The request issued Friday, President Donald Trump's third since hurricanes Harvey, Irma and Maria slammed the Gulf Coast and …

The White House

Saudi Graft Settlements Could Reap Billions

Saudi authorities estimate they maybe able to recover as much as $100 billion from settlement talks with suspects detained in an anti-corruption …

Middle East

Amazon CEO and world’s richest man Jeff Bezos avoids a common, time-wasting daily habit

<b>• As the CEO of Amazon and the world's richest man, Jeff Bezos is a busy person.</b><p><b>• However, in an interview with his younger brother Mark, the CEO said he doesn't check his phone constantly.</b><p><b>• That's because Bezos doesn't multitask.</b><p>Jeff Bezos may be CEO of one of the biggest companies in tech, but …

Jeff Bezos

Nevada refusing Pfizer demand for return of execution drugs

LINCOLN, Neb. – A Nevada prisons official said Friday the state is refusing pharmaceutical company Pfizer's demand to return a drug it manufactured and not use it in a planned lethal injection execution.<p>Nevada received a letter Oct. 4 similar to one received by officials in Nebraska and reported by …

Prison

China to transfer state assets to pension fund in bid to boost shortfall

BEIJING (Reuters) - China will begin a pilot program this year to transfer shares in state-owned firms to social security funds in an effort to make up for shortfalls in the nation's pension scheme, according to a notice published by the cabinet on Saturday.<p>The new policy calls for an initial 10 …

China

Distressed Debt Hedge Funds Can Deliver Surprising Performance

Distressed Debt as an asset class has historically outperformed the equity markets.<p>Distressed Debt as an asset class has low to negative correlation …

Finance

Oil Short-Sellers Return as Doubts Loom on OPEC's Horizon

Short-selling is rearing its head in the oil market again.<p>After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge …

Oil

Bangkok Based Sansiri Is On A Mission To Create A Global Lifestyle Of Cool

Srettha Thavisin is President of Thailand’s largest real estate developer, Sansiri. The seasoned executive towers at over six feet tall, with a lithe build and chic, but smart, style. His voice is clear, his eyes are focused, he is well-presented but hardly uptight and his power is palpable even …

Innovation

China Citic, Baidu launch direct bank in fintech push

BEIJING (Reuters) - China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China's rapidly growing fintech sector.<p>AiBank is one among several tie-ups between an internet firm and a lender in …

China