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Exclusive: OPEC confidential report sees market share squeeze to 2019

(Reuters) - Global demand for OPEC's crude oil will remain under pressure in the next few years, the producer group said in an internal report, potentially fuelling a debate on its strategy of defending market share rather than prices. The draft report of OPEC's long-term strategy, seen by Reuters, forecasts crude supply from OPEC - which...
Nov 4, 2015 |
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Yellen says banks stronger, but management faults remain

(Reuters) - The financial condition of big banks has "strengthened considerably" since the crisis, but the institutions still have "substantial compliance and risk-management issues," Federal Reserve Chair Janet Yellen said on Wednesday. Yellen's assessment of large financial institutions came in prepared remarks for a...
Nov 4, 2015 |
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Wall St. move lower as energy sector rally ends

The S&P 500 was down 1.63 points, or 0.08 percent, at 2,108.16 and the Nasdaq composite index was down 1.00 points, or 0.02 percent, at 5,144.13. A report showing the private sector added more jobs than expected last month gave investors some optimism about the health of the labor market ahead of Friday's nonfarm payrolls data.
Nov 4, 2015 |
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U.S. private hiring solid; trade deficit at seven-month low

By Lucia Mutikani WASHINGTON (Reuters) - U.S. private employers maintained a steady pace of hiring in October and the trade deficit hit a seven-month low in September as exports rebounded, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The ADP National Employment Report showed on...
Nov 4, 2015 |
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Germany ups pressure on VW as scandal takes on new dimension

FRANKFURT/BERLIN (Reuters) - German officials stepped up the pressure on Volkswagen to clean up its act on Wednesday after it revealed it had understated the fuel consumption of some vehicles, opening a new front in the crisis at Europe's biggest carmaker. The company said late on Tuesday it had understated the level of carbon dioxide...
Nov 4, 2015 |
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Icahn nods at Valeant interest, pushes for cash repatriation law

Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would deter so-called tax inversion deals. "I’m not in Valeant, well, I don’t want to say I’m not completely in it but I’m...
Nov 4, 2015 |
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Lockheed, United Tech to close Sikorsky deal by Friday

Lockheed Martin Corp said it expects to close its $9 billion acquisition of Sikorsky Aircraft from United Technologies Corp on Friday, now that it has received final regulatory approval from China. "With this final regulatory approval, we are one step closer to completing this historic acquisition," said Lockheed Chief Executive Marillyn...
Nov 4, 2015 |
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Honda drops Takata air bags after U.S. fine, ban on volatile chemical

By David Morgan and Bernie Woodall WASHINGTON/DETROIT (Reuters) - Honda Motor Co said it was ditching air bag inflators made by Japan's Takata Corp , after the top U.S. auto safety regulator on Tuesday fined the supplier $70 million and ordered it to stop using a potentially dangerous chemical. Regulators have linked eight deaths - all in cars...
Nov 4, 2015 |
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VW says fuel usage understated on some models; Porsche warns

Volkswagen on Tuesday said it had understated the fuel consumption of 800,000 cars sold in Europe, while majority stakeholder Porsche Automobil Holding SE warned that VW's latest findings could further weigh on its results. The latest revelation about fuel economy and carbon dioxide emissions, which Germany's largest automaker said...
Nov 4, 2015 |
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Asia shares gain with Japan at the lead, risk appetite lifts dollar

MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.7 percent. Tokyo's Nikkei surged 2.4 percent after three firms affiliated with Japan Post made strong trading debut with investors rushing to get a piece of the group's $12 billion initial public offering. "The Japan Post IPO has performed as well as expected...
Nov 4, 2015 |
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Activision Blizzard buys 'Candy Crush' maker in mobile push

Video game maker Activision Blizzard will buy "Candy Crush Saga" creator King Digital Entertainment for $5.9 billion, as the heavyweight of console and PC-gaming makes a major push into the faster-growing mobile market. The failure of Dublin-based King to replicate the success of Candy Crush with follow-up titles such as "Farm...
Nov 3, 2015 |
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Valeant's crisis fuels feud between Ackman and Australian fund manager Hempton

Just before Bill Ackman gave a presentation on Friday to defend one of his biggest investments, Valeant Pharmaceuticals, from allegations of accounting and insurance fraud, he was taunted by John Hempton, who runs a small hedge fund from Australia. In an email he sent Ackman, who is one of the world's best-known hedge fund managers, was a link...
Nov 3, 2015 |
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U.S. auto industry headed for record sales in 2015: GM

The U.S. auto industry is on track for a record year of annual sales, General Motors Co said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations. GM said the six-month rolling average for U.S. auto sales is 17.8 million on an annualized basis, which means the industry is on its way to beating...
Nov 3, 2015 |
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Kellogg's sales fall as U.S. consumers shun cereals and snacks

Sales in the company's U.S. snacks business - its biggest -fell 1.5 percent, while sales in its U.S. morning foods business, which includes cereals, fell 2.6 percent. Sales in both businesses fell for the third straight quarter, while total net sales posted their eighth decline in nine quarters. The company also said it was expecting earnings...
Nov 3, 2015 |
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AIG CEO says Icahn's break up plan does not 'make financial sense'

(Reuters) - Breaking up American International Group Inc does not "make financial sense" Chief Executive Peter Hancock said on Tuesday, responding to proposals made by billionaire investor Carl Icahn last week.
Nov 3, 2015 |
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Visa to buy Visa Europe in deal worth as much as $23 billion

The price for the long-anticipated deal was higher than many had expected, but ended a period of strategic uncertainty that had dogged Visa in recent months. Visa Inc and Visa Europe, a cooperative of European banks with more than 500 million cards, were part of a global bank-owned network until 2007. Most of the units merged to form Visa Inc,...
Nov 3, 2015 |
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Valeant sends letter to doctors, seeks to reassure over pharmacy ties

By Carl O'Donnell and Caroline Humer NEW YORK (Reuters) - Valeant Pharmaceuticals International Inc sought to reassure doctors on Monday that the company's decision to cut ties to a controversial specialty pharmacy would not disrupt doctors' ability to prescribe the company's drugs to patients. In a letter to healthcare...
Nov 3, 2015 |
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U.S. crude oil edges up after drops, but market remains oversupplied

U.S. crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates. Benchmark U.S. crude futures were trading at $46.27 per barrel at 7.28 p.m. ET, up 13 cents from their last settlement. In...
Nov 3, 2015 |
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Keystone XL oil pipeline in doubt as U.S. asked to pause review

If granted by the U.S. State Department, the delay would likely take the decision from Democratic President Barack Obama and put it into the hands of the winner of the November 2016 presidential election. Calgary-based TransCanada Corp said it had sent a letter to the U.S. State Department to suspend its application while the company goes through a...
Nov 3, 2015 |
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Asia shares aim to break losing streak

Asian share markets crept ahead on Tuesday after the benchmark for U.S tech stocks hit its highest in 15 years, while a holiday in Japan kept currencies tethered within recent tight ranges. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 1.1 percent after losing ground for five straight sessions. Australian stocks bounced 1.2...
Nov 3, 2015 |
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Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold

Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold Read More

Gold Mining Stock Outlook - Sept. 2017

Gold Mining Stock Outlook - Sept. 2017 Read More

Why Freeport-McMoran (FCX) Stock Might be a Great Pick

Freeport-McMoran (FCX) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. Read More

Friend of slain Georgia Tech student: 'If Scout was more gender-conforming, would it have been different?'

Scout Schultz, a Georgia Tech student, was shot by campus police on Saturday night, and a protest two days later led to arrests. In the aftermath of those events, Yahoo Lifestyle talked to a friend... Read More

How to Make Healthy Leftover Turkey Tacos

These tacos get a healthy makeover by using turkey as the main lean protein. It all comes together with some beans, avocado, and a little cheese. Watch the video to learn how to make this easy... Read More

Little People, Big World's Audrey Roloff Just Gave Birth to Her First Child

It's a girl! Read More

Mel Brooks: ‘Blazing Saddles’ Would Never Be Made in Today’s ‘Stupidly Politically Correct’ Culture

“Blazing Saddles” may be a groundbreaking comedy, but director Mel Brooks doesn’t think Hollywood would make the iconic Western parody in this current “stupidly politically correct” climate. The... Read More

Box Office: 'Kingsman: The Golden Circle' Unseats 'It' as 'Lego Ninjago' Disappoints

Kingsman: The Golden Circle is the new ruler of the box office. The sequel from Fox is expected to earn $39 million this weekend from 4,003 locations. That’s slightly below where tracking had... Read More

Bradley Cooper-Lady Gaga’s ‘Star Is Born’ Moves to May 2018

Warner Bros.’ “A Star Is Born” remake starring Stefani Germanotta (Lady Gaga) and Bradley Cooper, who is also directing, is moving up its release to May 18, 2018. The pic was originally set to open... Read More

White House officials defend Trump, say athletes 'can do free speech on their own time'

Treasury Secretary Steve Mnuchin defended Trump’s call for NFL players who kneel during the national anthem to be suspended or fired. “It’s not about free speech,” Mnucin said Sunday. “They can do... Read More

In wake of U.N. speech, Kim calls Trump a ‘dotard.’ Trump fires back at ‘madman.’

President Trump and North Korean leader Kim Jong Un have unleashed personal attacks on one another after the U.S. commander in chief’s speech at the United Nations. “Kim Jong Un of North Korea,... Read More

As Russia probe turns to fake Facebook ads, Trump follows with a tweet

President Trump continued his efforts to belittle accusations of Russian meddling in the 2016 election on Friday, turning to the latest set of charges, involving targeted political ads placed on... Read More

Reluctant champion: How Nadia Murad has become the international face of Yazidi suffering – and resilience

Weeks earlier, Nadia Murad had been ripped from her village by Islamic State (ISIS) fighters who murdered her family and took her captive. Along with other young Yazidi women, she was transported... Read More

Readers write: The work of downsizing, evidence of climate change, hopeful coverage on famine

Regarding the Aug. 21 Monitor Daily story “Home prices, and a thought shift, give ‘small living’ a boost”: Interesting concept. My friend has done it, downsizing and living in a tiny apartment.... Read More

Time for the world to step up on Rohingya issue, Aung San Suu Kyi’s astounding hypocrisy, Irma’s destruction in Britain’s Caribbean islands, The US should stop saber rattling, On the Nadal-Federer comeback

“It is high time the world made an all-out effort to stop the ongoing pogrom against Myanmar’s minority Rohingya...,” writes Mohammad Amjad Hossain. “The pogrom resembles those crimes perpetrated... Read More