Wednesday , 26 September 2018

Business News

Clouds on horizon as trade wars, debt weigh on Asia's growth

Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the coming year, the Asian Development Bank said Wednesday in an update of its regional economic outlook report. The Manila, Philippines-based regional lender said Wednesday that it expects economic growth in Asia to remain at a robust 6.0 percent in …

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Facebook investors 'deeply concerned' after Instagram founders abruptly quit company

The sudden departure of Instagram’s founders seems to have caught many people off guard — not just at Facebook, but investors as well. Facebook stock dropped 2.45 percent lower to $161.35 ahead of the market opening Tuesday, before it recovered in afternoon trading to close at $164.91. Kevin Systrom and Mike Krieger abruptly resigned Monday night, leaving a leadership vacuum …

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Business Highlights

___ Into the fold? What’s next for Instagram as founders leave SAN FRANCISCO (AP) — The departure of Instagram’s founders underscores the degree to which Facebook has already put its stamp on the photo-sharing service it acquired in 2012, as well as the big plans it has in store. Instagram, now ad- and video-friendly, is growing users and revenue faster …

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Higher interest rates and oil prices send US stocks lower

Major U.S. indexes finished mostly lower Tuesday as rising interest rates hurt stocks that pay big dividends and higher oil prices pushed transportation and shipping companies lower. The S&P 500 index fell for the third day in a row. Oil prices continued to rise after a weekend meeting of OPEC and its allies ended without an increase in oil production. …

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How major US stock indexes fared Tuesday

U.S. stocks finished mostly lower Tuesday as rising interest rates hurt shares of companies that pay big dividends and higher oil prices affected transportation and shipping companies. The S&P 500 fell for the third day in a row. On Tuesday: The S&P 500 index slid 3.81 points, or 0.1 percent, to 2,915.56. The Dow Jones Industrial Average dropped 69.84 points, …

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Sonic and Halliburton rise; Facebook and CenturyLink dip

Stocks that moved substantially or traded heavily Tuesday: Facebook Inc., down 50 cents to $164.91 The co-founders of Facebook‘s Instagram unit said they are resigning from the company. Sonic Corp., up $6.85 to $43.46 The drive-in restaurant chain agreed to be bought by the parent of Arby’s and Buffalo Wild Wings for $1.57 billion. CenturyLink Corp., down $1.85 to $21.05 …

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NTSB considering technology to avoid accidents, close calls

Safety regulators are recommending the use of technology to help avoid the kind of catastrophic collision that nearly occurred when an Air Canada jetliner zoomed over four taxiing planes full of passengers, coming within 10 to 20 feet of the first one. “We could not have gotten literally or figuratively any closer to having a major disaster,” Bruce Landsberg, a …

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Markets Right Now: Stocks close mostly lower on Wall Street

The latest on developments in financial markets (all times local): 4 p.m. Stocks are finishing mostly lower on Wall Street as losses by financial and health care companies offset gains elsewhere in the market. Chubb fell 1.2 percent Tuesday and Johnson & Johnson lost 1.3 percent. Airlines had another bad day as oil prices rose, which could translate into higher …

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3 things to watch for from the Federal Reserve on Wednesday

The Federal Reserve is all but certain Wednesday to raise its key short-term interest rate for the third time this year and to signal that another hike is likely before the year ends. But what about next year? Most economists foresee a slowdown in the nearly 10-year-old U.S. economic expansion as President Donald Trump‘s trade war takes a toll and …

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Just Dunkin': Dunkin' Donuts to change its name

Dunkin’ is dropping the donuts — from its name, anyway. Doughnuts are still on the menu, but the company is renaming itself “Dunkin'” to reflect its increasing emphasis on coffee and other drinks. The change will officially take place in January, when the new name will start appearing on napkins, boxes and signs at its U.S. stores. The name change …

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