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Dow Jones discloses data breach

Dow Jones discloses data breach

REUTERS: Dow Jones & Co disclosed on Friday a breach of its systems that put payment card and contact information of about 3,500 individuals at risk. The publisher of the Wall Street Journal said its review had not uncovered any “direct evidence” that information was stolen and that it had taken steps to stop the […]

October 9, 2015 | By | Reply More
Oil remains mostly flat after US rig count drops for sixth week

Oil remains mostly flat after US rig count drops for sixth week

NEW YORK: Oil prices remained little changed in choppy trade on Friday as traders flip-flopped between the negative fundamentals of persistent oversupply and support cushions from a sixth weekly decline in U.S. oil rig counts. Brent crude , the global benchmark, was down 43 cents at US$52.62 a barrel at 1:49 p.m. EDT (1749 GMT), […]

October 9, 2015 | By | Reply More
United ready for rival's overseas flights from Houston: executive

United ready for rival's overseas flights from Houston: executive

REUTERS: United Airlines will be competitive in Houston even as budget rival Southwest Airlines launches its first international flights from the Texas city next week, the company’s chief revenue officer said Friday in an interview. United Continental Holdings Inc intends to compete on price when necessary, add destinations and offer easy connections to keep customers, […]

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TPP, llamas and quantitative frightening

TPP, llamas and quantitative frightening

TAKE at look at this week’s print edition, in which we look at a variety of economic issues including:  The Trans-Pacific Partnership: Every silver lining has a cloud (Leaders) Latin America’s economies: Grey days (Finance) And don’t forget to take a look at this week’s Free Exchange column, which looks at quantitative frightening.

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UAW approves proposed Fiat Chrysler contract for US worker vote

UAW approves proposed Fiat Chrysler contract for US worker vote

DETROIT: U.S. union United Auto Workers’ leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV , sending the proposed pact to 40,000 workers for a ratification vote. The move follows Fiat Chrysler workers’ rejection last week of a previous tentative contract. A new tentative agreement was reached on Wednesday night, averting […]

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US import prices point to smaller drag on inflation

US import prices point to smaller drag on inflation

WASHINGTON: U.S. import prices fell only slightly in September, offset by recovering oil prices, suggesting a slowdown in the rate of imported deflation is occurring which may eventually allow the Federal Reserve to raise interest rates. The Fed held off from raising interest rates in September largely because a weak global economy and financial market […]

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Sturdy quarter likely for financials, but ETF investors cautious

Sturdy quarter likely for financials, but ETF investors cautious

NEW YORK: The financial sector is expected to be a bright spot for U.S. earnings growth in the third quarter, but options traders are playing it safe by snapping up protection against any surprises. Market volatility tends to rise during earnings season, and with several heavyweights reporting next week, investors are trying to hedge their […]

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China concerns leave central banks in difficult spot

China concerns leave central banks in difficult spot

LONDON: The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight. China has become the focal point for economists as they fear a hard landing there could send countries that have only […]

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Home owners should prepare for higher mortgage rates: Analysts

Home owners should prepare for higher mortgage rates: Analysts

SINGAPORE: Mortgage rates have risen since the start of the year, and analysts have said home owners should brace themselves for further increases. At the beginning of 2015, home buyers in Singapore could get loans that start at 1.6 per cent in the first year. That rate has been creeping up, and the figure is […]

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Wal-Mart names chief merchandising officer for Walmart US

Wal-Mart names chief merchandising officer for Walmart US

REUTERS: Wal-Mart Stores Inc named Steve Bratspies chief merchandising officer of Walmart U.S., starting Oct. 19. Bratspies, who is executive vice president of food for Walmart U.S., will oversee all merchandise categories across more than 4,500 stores in the United States. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Anil D’Silva)

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