Asian Stocks Rise With European Futures as Aussie, Kiwi Advance
Riskier assets were generally higher in the run-up to U.S. jobs data that will shape expectations for the timing of the Federal Reserve’s next interest-rate hike. Equities rallied in Asia and Europe, commodities neared bull-market territory and the Australian dollar gained ground.The MSCI Asia Pacific Index rose toward a one-month high and the Stoxx Europe 600 Index gained for a second day. The Aussie and New Zealand’s dollar were the best-performing G-10 currencies and the Bloomberg Commodity ..>> view originalWalmart will test last-mile grocery delivery via Uber, Lyft and Deliv
Walmart and Sam’s Club will begin testing last-mile grocery delivery that uses services including Uber, Lyft and Deliv, to bring customers’ orders to their homes. The announcement is being made at Walmart’s annual shareholders week in Arkansas, and comes following the launch of a similar pilot program in Miami in March. There, Walmart-owned Sam’s Club is using the parcel delivery service Deliv to test delivery of general merchandise and groceries for its business members in the area. With the ..>> view originalUS Subpoenas Huawei Over Its Dealings in Iran and North Korea
Photo Huawei, a major supplier of telecommunications equipment, reported revenue of about $60 billion in 2014. Credit Aly Song/Reuters HONG KONG — Huawei Technologies has become China’s most successful international technology company, in part by tapping markets as varied as Britain, India and Kenya.But it also moved into markets like Syria, where American officials have imposed limits on sales of technology that could be used to commit human rights abuses, and into Ira..>> view originalThese 33 Cities Cheated on Lead Contamination Tests, Similar to Flint, Michigan
Don't miss out. Stay Informed. Get EcoWatch's Top News of the Day. Email. At least 33 cities in the U.S. cheated when testing water for lead contamination. With these “cheats” the cities misrepresented the amount of lead in their water supply ...>> view originalChairman Puts His Brand on Tribune to Stave Off Gannett
Mr. Ferro is so sure of his plans for his company — which include the combining of the editor and publishers at its newspapers, using artificial intelligence and a pledge to open bureaus for The Los Angeles Times in places like Lagos and Hong Kong — that he rebuffed overtures from Gannett that would have given shareholders a rich premium. Gannett’s revised offer of $15 a share, from the $12.25 a share Tribune rejected in early May, represented a 99 percent premium to the closing price on the la..>> view originalSean Rad says Tinder will be more trans-friendly
Tinder is set to unveil a new experience for transgender users within the next couple of months. Thus far, the app has never accounted for the non-gender-conforming demographic, instead exclusively serving cisgender users through filters for male and female only, both to self-identify and to search. In a talk with Recode, Tinder CEO Sean Rad didn’t go into specifics on how Tinder might integrate this new filter, but he did say that the feature will help users more accurately specify what they’..>> view originalFinancial groups sue to block rule on retirement advice
The Labor Department, lead by Secretary Thomas Perez, above, announced rules in April that could transform the financial advice given to people saving for retirement by requiring brokers and advisers to put their clients’ interest first. (Drew Angerer/Bloomberg) Trade groups representing businesses, Wall Street firms and other financial professionals joined forces to file a legal challenge against a new rule from the Obama administration that would restrict the advice brokers and advisers c..>> view originalMcDonald's in talks to move headquarters to Oprah's old Chicago studio site
McDonald's hopping on the trend for more foodie-centric fare makes sense.(Photo: JUSTIN LANE, EPA)McDonald's is looking for a new home, and it may find one in Oprah Winfrey's old Chicago studio.The Big Mac-maker is in advanced talks with developer Sterling Bay to create a 300,000 square foot campus in Chicago as its new headquarters, according to a source knowledgeable about the talks. But the source, who asked not to be named because the deal has not been finalized, cautioned that the move to t..>> view originalLeaders, residents bracing for losses after Exelon announcement
CLINTON — On his way to a 7 a.m. meeting in the Nuclear Support Annex, a big conference room with seating for all of the 700 employees of the Clinton Power Station, Christian Small knew what was coming.At that meeting, Brian Hanson, the president and chief nuclear officer at Exelon Nuclear Partners, a subsidiary of Exelon Corp., announced the news that the employees had been preparing for over the past year: The Clinton Power Station would move forward with plans to shut down on June 1, 2017, g..>> view originalAsia stocks edge up as markets look to US jobs data for Fed clues
SINGAPORE/TOKYO Asian shares advanced on Friday as traders awaited U.S. jobs data later in the day, with subdued activity in many markets underscoring investor wariness over rising prospects of a near-term Federal Reserve rate hike. Europe looks set for a similar start, with financial spreadbetters expecting Britain's FTSE 100 to open up 0.5 percent, and Germany's DAX and France's CAC 40 to each rise 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 percent, s..>> view original
Friday, June 3, 2016
Asian Stocks Rise With European Futures as Aussie, Kiwi Advance and other top stories.
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