World - Health - Sports - Science & Technology - Travel - Entertainment - Food - Books - Music - Arts - Business & Money - Fashion & Style - Movies

IF IT'S NEWS, IT'S HERE!
Never Again Miss A News
I created this website for those who love news, enjoy news and love to stay ahead. Alex Katiraie
(CreativityMotivation.COM, UXDesignSEO.COM)

logo

Logo

World - Health - Sports - Science & Technology - Travel - Entertainment - Food

Books - Music - Arts - Business & Money - Fashion & Style - Movies

IF IT'S NEWS, IT'S HERE!
Never Again Miss A News
I created this website for those who love news, enjoy news and love to stay ahead. Alex Katiraie
(CreativityMotivation.COM, UXDesignSEO.COM)


As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military
Date: Tue, 25 Sep 2018 21:28:31 GMT
From https:
Tax cuts, spending increases and higher interest rates could make it harder to respond to future recessions and deal with other needs.


Hotel Workers Fret Over a New Rival: Alexa at the Front Desk
Date: Tue, 25 Sep 2018 01:27:59 GMT
From https:
As technologies threaten to displace service workers, unions are making job protection and new opportunities a priority in contract talks.


Trump’s Tariffs May Hurt, but Quitting China Is Hard to Do
Date: Tue, 25 Sep 2018 03:22:21 GMT
From https:
Companies are reconsidering where to put their factories as the trade war mounts, but few places can match China's convenience and reliability.


Rising oil prices and bond yields help drive stock indexes lower
Date: Tue, 25 Sep 2018 15:35:00 PDT
From latimes.com

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 the...



Federal appeals court rules Uber can force drivers into individual arbitration, voids class-action
Date: Tue, 25 Sep 2018 15:25:00 PDT
From latimes.com

A federal appeals court Tuesday ruled that Uber can force its drivers into individual arbitration over pay and benefit disputes, voiding an effort by thousands of drivers to join in a class-action suit against the ride-hailing company.

The unanimous decision by a three-judge panel of the U.S. 9th...



American fashion house Michael Kors takes $2.2-billion wager on Versace's rococo flourishes
Date: Tue, 25 Sep 2018 15:15:00 PDT
From latimes.com

Of all the bets Michael Kors Holdings Ltd. could have made on its quest to become an American house of luxury labels, its $2.2-billion gamble on Versace stands out as particularly bold.

Kors said Tuesday that it will spend that sum to acquire the Italian fashion label known for its distinct rococo...



Lighthizer says U.S. won't wait for Canada on new NAFTA pact
Date: Tue, 25 Sep 2018 14:50:00 PDT
From latimes.com

The U.S. is moving forward on its bilateral trade deal with Mexico even if Canada is left out because negotiators canat resolve their sharp differences over dairy and a dispute resolution system, U.S. Trade Representative Robert Lighthizer said.

The Trump administration soon plans to present to...



Divorce rate sinks as marriages happen later, among those with more money and education
Date: Tue, 25 Sep 2018 14:15:00 PDT
From latimes.com

Americans under the age of 45 have found a novel way to rebel against their elders: Theyare staying married.

New data show younger couples are approaching relationships very differently from baby boomers, who married young, divorced, remarried and so on. Generation X and especially millennials...



California weighs an additional $2,000 subsidy for electric cars
Date: Tue, 25 Sep 2018 12:55:00 PDT
From latimes.com

California will hold a hearing this week on offering a $4,500 subsidy for each pure electric vehicle sold in the state, up from the current $2,500.

The move comes as customers of Tesla Inc. and General Motors Co. face the loss of even bigger federal credits.

The federal government now offers a...



Qualcomm claims Apple stole trade secrets and gave them to rival chipmaker Intel
Date: Tue, 25 Sep 2018 11:30:00 PDT
From sandiegouniontribune.com

Qualcomm has fired another salvo in its legal war with Apple, this time accusing the iPhone maker of stealing proprietary software and providing it to archrival Intel so it could develop competitive cellular modem chips for smartphones.

Qualcomm filed a motion Monday in San Diego Superior Court...



Trump administration defends nerve agent pesticide found harmful to children
Date: Tue, 25 Sep 2018 11:00:00 PDT
From latimes.com

The Trump administration appears ready to go to the mat for chlorpyrifos, a widely used pesticide that has been linked to developmental disorders in children whose mothers were exposed to it during pregnancy.

The Justice Department filed an appeal on behalf of the Environmental Protection Agency...



Walmart to salad growers: If you want to sell, you have to blockchain
Date: Tue, 25 Sep 2018 07:00:00 PDT
From latimes.com

Produce companies that want to sell lettuce and salads at Walmart and Samas Clubs will have to learn the skills of cryptocurrency traders, the giant retailer announced Monday.

By the end of January, 2020, Walmart will require California-based produce companies such as Dole, Taylor Farms and Fresh...



Michael Kors is buying Italian luxury brand Versace for more than $2 billion
Date: Tue, 25 Sep 2018 06:55:00 PDT
From latimes.com

Michael Kors Holdings is adding Versace to its stable of brands and renaming itself Capri Holdings to better reflect its growing empire.

The 1.83 billion euro deal was hotly anticipated and adds the Italian brandas maximalist sensibility to its portfolio, which includes Michael Kors as well as...



New law makes retailers share liability for misclassified truck drivers at California ports
Date: Tue, 25 Sep 2018 05:00:00 PDT
From latimes.com

A new California law attempts to resolve a long-running dispute over wages and working conditions for port truck drivers by putting big retailers a who foot the freight bill a on the hook for labor violations by the cargo carriers.

Senate Bill 1402, which Gov. Jerry Brown signed into law Saturday,...



Congress wants to hear from everyone but consumers in a hearing on consumer privacy
Date: Tue, 25 Sep 2018 03:00:00 PDT
From latimes.com

The Senate Committee on Commerce, Science and Transportation will hold a hearing Wednesday on aExamining Safeguards for Consumer Data Privacy,a intended as an opportunity for lawmakers to learn about apossible approaches to safeguarding privacy more effectively.a

Thatas great except for two small...



As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military
Date: Tue, 25 Sep 2018 21:28:31 GMT
From https:
Tax cuts, spending increases and higher interest rates could make it harder to respond to future recessions and deal with other needs.


Offering Manicures With Your Hot Pot, China’s Haidilao Plans a Global Push
Date: Tue, 25 Sep 2018 11:01:35 GMT
From https:
The popular Chinese restaurant chain -- which woos its customers with shoe-shining services, board games and other distractions -- plans to raise $1 billion.


One Reason for Slow Wage Growth? More Benefits
Date: Tue, 25 Sep 2018 23:33:25 GMT
From https:
The rise of nonwage compensation like paid time off is helping persuade the Fed to push up interest rates.


Michael Kors to Buy Versace for $2.1 Billion in Bid to Expand
Date: Tue, 25 Sep 2018 19:20:02 GMT
From https:
Acquiring the Italian luxury brand would insert Kors into the high-end fashion market and help it challenge European conglomerates.


Trump Trade Negotiator Warns That Canada Is Running Out of Time
Date: Tue, 25 Sep 2018 19:40:39 GMT
From https:
Robert Lighthizer, the United States trade representative, said the administration will move forward with a bilateral trade pact with Mexico if an agreement cannot be reached with Canada.


Hold the Donuts, Says Newly Named Dunkin’
Date: Tue, 25 Sep 2018 23:26:56 GMT
From https:
The treats remain but they are not a part of the company's new "brand identity." The shift is a nod to the chain's beverage sales, which make up 60 percent of its business.


Qualcomm Accuses Apple of Stealing Secrets to Help Intel
Date: Tue, 25 Sep 2018 20:42:42 GMT
From https:
The chip maker claims Apple wanted to reduce its reliance on Qualcomm technology and make sure Intel's chips were just as good.


Square Feet: Capital of Laos Seeks Stronger Ties to China
Date: Tue, 25 Sep 2018 18:42:19 GMT
From https:
Hoping that China's Belt and Road Initiative will improve connectivity with its neighbor, Laos is preparing for a new wave of Chinese investment in its property sector.


3-D Printed Gun Advocate Cody Wilson Quits Company He Founded
Date: Tue, 25 Sep 2018 19:09:23 GMT
From https:
Mr. Wilson, accused of sexual assault against a minor and arrested in Taiwan on Friday, was replaced as Defense Distributed's director by Paloma Heindorff.


How Instagram Rose Into a Cultural Powerhouse
Date: Tue, 25 Sep 2018 19:27:05 GMT
From https:
Instagram's co-founders, who resigned on Monday, presided over a company that boomed with help from technological advances and societal changes.

DealBook Briefing: Instagram’s Co-Founders Are Leaving
Date: Tue, 25 Sep 2018 11:13:02 GMT
From https:
Kevin Systrom and Mike Krieger, who carefully shaped the company even after Facebook acquired it, have resigned -- and tension with Mark Zuckerberg may be to blame.


S&P 500 Dips as Chip Stocks and Utilities Tumble
Date: Tue, 25 Sep 2018 22:08:13 GMT
From https:
The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.

Joshua Roth, Who Brought Agents to Visual Artists, Dies at 40
Date: Tue, 25 Sep 2018 21:02:52 GMT
From https:
Mr. Roth founded United Talent Agency's fine arts division in 2015 to tap into a new revenue source and help artists broker deals beyond the art world.


White Collar Watch: When Banks Won’t Stop Money Laundering, What Can the Government Do?
Date: Tue, 25 Sep 2018 19:32:35 GMT
From https:
Danske is certainly not the first major bank to have money laundering flourish for years, but the larger question is why banks continue to allow these types of violations.


Ex-Content Moderator Sues Facebook, Saying Violent Images Caused Her PTSD
Date: Tue, 25 Sep 2018 17:57:57 GMT
From https:
The woman, who worked as a contractor for Facebook for nine months, cited her viewing of thousands of images of rapes, killings and other disturbing acts.


Facebook Reels Over Instagram’s Leadership Loss: DealBook’s One Thing to Watch Today
Date: Tue, 25 Sep 2018 13:36:55 GMT
From https:
It's unclear if any successor will be able to continue the hot streak of the social networks's co-founders, Kevin Systrom and Mike Krieger.


Book Entry: Review: Michael Ovitz Offers a Revealing Retelling of His Hollywood Career
Date: Tue, 25 Sep 2018 09:00:04 GMT
From https:
"Who Is Michael Ovitz?" does not just want to recast the popular image of the co-founder of C.A.A..It seeks to settle countless scores and re-litigate old arguments.


‘Highly Aggressive’ Green Crabs From Canada Menace Maine’s Coast
Date: Tue, 25 Sep 2018 21:30:34 GMT
From https:
The crabs, which are known as the "cockroach of the sea," eat oysters, can prey on lobsters in groups and have been known to turn on each other, experts said.


Supreme Court Fight Goes Prime Time With Kavanaugh’s Fox News Interview
Date: Tue, 25 Sep 2018 03:51:56 GMT
From https:
Brett M. Kavanaugh submitted to questions about allegations of sexual misconduct, the first time in memory that a Supreme Court nominee was interviewed on TV before a confirmation vote.


Instagram’s Co-Founders to Step Down From Company
Date: Tue, 25 Sep 2018 12:05:45 GMT
From https:
Kevin Systrom and Mike Krieger, Instagram's co-founders, resigned from the photo app on Monday. Their exits add to the challenges facing Facebook, which owns the app.


Kavanaugh’s Yearbook Page Is ‘Horrible, Hurtful’ to a Woman It Named
Date: Tue, 25 Sep 2018 01:23:13 GMT
From https:
The Supreme Court nominee Brett Kavanaugh and some high school friends described themselves in a yearbook as "Renate" alumni. The woman they were referring to is furious.


Hotel Workers Fret Over a New Rival: Alexa at the Front Desk
Date: Tue, 25 Sep 2018 01:27:59 GMT
From https:
As technologies threaten to displace service workers, unions are making job protection and new opportunities a priority in contract talks.


Michael Kors Nears Versace Purchase in Challenge to European Luxury Groups
Date: Tue, 25 Sep 2018 16:00:35 GMT
From https:
Kors is acquiring the Italian fashion label amid a wave of consolidation within the industry.


How to Stop Poaching and Protect Endangered Species? Forget the ‘Kingpins’
Date: Tue, 25 Sep 2018 13:37:44 GMT
From https:
Authorities keep arresting people said to be bosses of wildlife trafficking, but that isn't making a dent in the problem.


Trump’s Tariffs May Hurt, but Quitting China Is Hard to Do
Date: Tue, 25 Sep 2018 03:22:21 GMT
From https:
Companies are reconsidering where to put their factories as the trade war mounts, but few places can match China's convenience and reliability.


Sears C.E.O. Lampert Sounds Alarm on Bankruptcy Risk
Date: Tue, 25 Sep 2018 04:33:43 GMT
From https:
Edward Lampert, the Sears chief executive whose hedge fund owns big chunks of the company's debt, suggests selling stores and asking lenders to take equity stakes.


Telltale, Acclaimed Maker of Story-Based Video Games, Lays Off Most of Its Staff
Date: Tue, 25 Sep 2018 02:20:21 GMT
From https:
Telltale Games, which developed games with strong stories based on "The Walking Dead," "Game of Thrones" and Batman, said that critical praise "did not translate to sales."


News Site to Investigate Big Tech, Helped by Craigslist Founder
Date: Tue, 25 Sep 2018 15:03:02 GMT
From https:
The Markup, dedicated to investigating technology and its effect on society, will be led by two former ProPublica journalists. Craig Newmark gave $20 million to help fund the operation.


Walt Disney Worldas ticket prices will vary, depending on what date you visit
Date: Tue, 25 Sep 2018 23:49:45 GMT
From marketwatch.com
The move is meant to better distribute attendance throughout the year.


How Weight Watchersa skinnier name could fatten its customer base
Date: Tue, 25 Sep 2018 23:49:11 GMT
From marketwatch.com
Consumers view awellnessa as a journeyaone where they drink powdered protein shakes along the way.


SurveyMonkey IPO: 5 things to know about the survey-software maker
Date: Tue, 25 Sep 2018 23:41:29 GMT
From marketwatch.com
Itas not often that a dot-com boom and bust era company goes public but SurveyMonkey parent company SVMK Inc. intends to change that, filing for its initial public offering Wednesday.


Aurora Cannabis is becoming the Berkshire Hathaway of pot
Date: Tue, 25 Sep 2018 23:25:31 GMT
From marketwatch.com
Canada-based Aurora Cannabis Inc. tripled its revenue thanks to bigger weed sales in the final quarter of its fiscal year, but the pot produceras profit gains were mostly the result of a different business: investing in other marijuana companies.


The Tell: Strong economy and stock market may lead Trump to amajor miscalculation,a say JPMorgan analysts
Date: Tue, 25 Sep 2018 22:17:23 GMT
From marketwatch.com
JPMorgan Chase & Co. analysts, led by cross-asset strategist John Normand, in a Sept. 21 research report, say investors should be prepared for the possibility of a amajor miscalculationa by the Trump administration on trade.


Currencies: U.S. dollar treads water ahead of Fed rate decision
Date: Tue, 25 Sep 2018 22:16:06 GMT
From marketwatch.com
Major currencies see muted action Tuesday as investors await the Federal Reserveas highly anticipated interest-rate decision and policy update on Wednesday, the major event of the week.


This D.C. lawyer is suing his former girlfriend for the return of a $100,000 engagement ring
Date: Tue, 25 Sep 2018 22:08:31 GMT
From marketwatch.com
Ryan Strasser alleges that his former girlfriend insisted that his original budget of $40,000 was not enough.


The Wall Street Journal: Argentinaas central-bank president resigns as the country struggles to stave off crisis
Date: Tue, 25 Sep 2018 21:58:52 GMT
From marketwatch.com
Argentina central bank President Luis Caputo resigned less than four months into his post as the government struggles to contain economic turmoil and social unrest while it renegotiates a bailout with the International Monetary Fund.


Tim Mullaney: Exaggerating the economyas strength may lead the Fed a and you a to make mistakes
Date: Tue, 25 Sep 2018 21:29:28 GMT
From marketwatch.com
Tim Mullaney asks: Whatas this abooma that everyone is talking about?


Nov. WTI oil at $71.98/bbl, down from $72.28 settlement
Date: Tue, 25 Sep 2018 20:35:48 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


API data reportedly show an unexpected weekly climb in U.S. crude supplies
Date: Tue, 25 Sep 2018 20:35:48 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


WTI oil slips back in electronic trading from the Nymex settlement
Date: Tue, 25 Sep 2018 20:35:48 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Nike shares down 3% after company's Q1 earnings
Date: Tue, 25 Sep 2018 20:18:02 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Nike Q1 EPS 67 cents a share vs. expectations 62 cents
Date: Tue, 25 Sep 2018 20:17:06 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Nike Q1 sales $9.9 billion, in line with expectations
Date: Tue, 25 Sep 2018 20:16:08 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Dow finishes down 0.3%; S&P off 0.2%
Date: Tue, 25 Sep 2018 20:00:42 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Tech-heavy Nasdaq closes above 8,000, up 0.1%
Date: Tue, 25 Sep 2018 20:00:42 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


Stocks finish session mostly lower as market prepares for third rate hike of 2018
Date: Tue, 25 Sep 2018 20:00:03 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


WTI oil holds ground at highest settlement since July 10
Date: Tue, 25 Sep 2018 18:34:17 GMT
From feeds.marketwatch
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.


SurveyMonkey IPO is bigger than expected
Date: Tue, 25 Sep 2018 23:24:22 GMT
From feeds.marketwatch

SVMK Inc. , the parent company of SurveyMonkey, will sell more shares than expected at a higher price than originally targeted in its initial public offering. The company said that it plans to sell at least 15 million shares at a price of $12 a share, after targeting a sale of 13.5 million shares at a price of $9 to $11 a share. SurveyMonkey also planned to sell $40 million in stock to the venture-capital arm of Salesforce.com Inc. , and there are 2.25 million more shares available to underwriters. At the IPO price, and including the Salesforce Ventures sale but not the potential greenshoe, SVMK would pull in $220 million at a valuation of about $1.5 billion. Shares are expected to begin trading Wednesday morning on the Nasdaq exchange, under the ticker symbol SVMK.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Deutsche Bank looked at merging with UBS: report
Date: Tue, 25 Sep 2018 21:02:00 GMT
From feeds.marketwatch

Deutsche Bank AG has looked at merging with UBS Group AG , according to an account by Reuters of a report in German business daily newspaper Handelsblatt. The daily cited people familiar with the matter, according to Reuters. The possible merger, along with a potential merger with Commerzbank AG, was a topic at Deutsche Bank's strategy meeting earlier this month, Handelsblatt said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



API data reportedly show a surprise rise in last week's U.S. crude supplies
Date: Tue, 25 Sep 2018 20:43:45 GMT
From feeds.marketwatch

U.S. oil prices headed lower in the electronic trading session Tuesday after the American Petroleum Institute reported that U.S. crude supplies rose by 2.9 million barrels for the week ended Sept. 21, according to sources. The API data also showed supplies of gasoline up 949,000 million barrels, but distillates fell by 944,000 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a fall of 2.2 million barrels in crude supplies. They also expect supply gains of 256,200 barrels in gasoline and 667,000 barrels in distillates. November crude was at $72.01 a barrel in electronic trading, down from the $72.28 settlement on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



KB Home rallies more than 4% on company's earnings beat
Date: Tue, 25 Sep 2018 20:42:06 GMT
From feeds.marketwatch

Shares of KB Home rose more than 4% in the extended session Tuesday after the home builder reported third-quarter per-share earnings well above Wall Street expectations. KB Home said it earned $87.5 million, or 87 cents a share, in the quarter, compared with $50.2 million, or 51 cents a share, in the year-ago period. Revenue rose 7% to $1.2 billion, from $1.1 billion a year ago. Analysts polled by FactSet had expected earnings of 77 cents a share on sales of $1.3 billion. "Our core homebuilding business continued to perform very well, as healthy demand in our served markets and effective execution on our distinctive customer-centric operating model drove revenue expansion, a 190-basis point improvement in operating margin, and a meaningful increase in net income," Chief Executive Jeffrey Mezger said in a statement. KB Home stock ended the regular session down 0.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Former Bankrate CFO sentenced to 10 years in prison
Date: Tue, 25 Sep 2018 20:35:59 GMT
From feeds.marketwatch

The former chief financial officer of Bankrate was sentenced to 10 years in prison on charges of accounting and securities fraud, the Justice Department said. Edward DiMaria also was ordered to pay restitution of $21 million. DiMaria in June pleaded guilty to one count of conspiracy to making false statements to a public company's accountants, falsifying a public company's books, records and accounts, and securities fraud; and one count of making materially false statements to the Securities and Exchange Commission. Between 2010 and 2014, millions of dollars in unsupported expense accruals were purposefully left on Bankrate's books and then selectively reversed in later quarters to boost earnings, the Justice Department said. Bankrate is no longer public after being purchased in 2017.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Nike stock falls after company earnings top views, expenses rise
Date: Tue, 25 Sep 2018 20:30:12 GMT
From feeds.marketwatch

Shares of Nike Inc. fell more than 2% in the extended session Tuesday after the retailer posted fiscal 2019 first-quarter earnings that were above expectations but said its expenses increased. Nike earned $1.1 billion, or 67 cents a share, in the quarter, compared with $950 million, or 57 cents a share, in the year-ago period. Revenues rose 10% to $9.9 billion, from $9.1 billion a year ago. Analysts polled by FactSet had expected Nike to report earnings of 62 cents a share on sales of $9.9 billion. Selling and administrative expense increased 7% to $3.1 billion, the company said, including "demand creation" expenses of $964 million, up 13%, driven by sports marketing investments, brand campaigns and key sports moments, the company said. "We are delivering stronger global growth and profitability than we anticipated entering this fiscal year," Chief Financial Officer Andy Campion said in a statement. Nike shares ended the regular session up 0.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dow, S&P 500 end lower ahead of Fed decision, while Nasdaq bucks trend to close higher
Date: Tue, 25 Sep 2018 20:17:27 GMT
From feeds.marketwatch

The Dow Jones Industrial Average and the S&P 500 on Tuesday extended a multisession skid while the Nasdaq booked its second straight gain, highlighting a period of divergence for the benchmarks ahead of the Federal Reserve's decision. The Dow closed off by about 67 points, or 0.3%, at 26,495, the S&P 500 index gave up 0.1% at 2,915. The S&P 500 has ended lower the past three days, while the Dow has posted back-to-back declines. However, the Nasdaq Composite Index eked out a second gain in a row, up 0.2% at 8,007, with the technology and internet-centric gauge following the fortunes of Apple Inc. higher for a second straight session. The Fed is widely expected to deliver its third rate increase of 2018 but investors will follow closely the central bank's projections for future rate increases as well as comments from Fed Chairman Jerome Powell Wednesday afternoon. Wall Street has been fixated on the developments in trade clashes between China and the U.S., but have managed to post positive returns, amid an apparent escalation of tensions between the economic superpowers. Market participants fret a tit-for-tat dispute between Washington, Beijing and other global partners could spiral into a full-blown trade conflict that crimps corporate profits. However, so far stocks have traded within range of all-time highs as investors focus on the domestic economic strength. Equity benchmarks also met some resistance from rising yields, with the 10-year Treasury note hitting above 3.10%, flirting with its highest level in about seven years, according to Dow Jones Market Data. Bond prices fall as yield rise. Climbing rates follow expectations that the Fed will dial up rates, which can make borrowing costs more expensive for corporations, while also undermining the appeal of risk-free government paper against stocks. Market participants also watched President Donald Trump deliver a speech in front of the United Nationals general assembly in New York, where he criticized the Organization of the Petroleum Exporting Countries for higher crude-oil prices and defended his administrations hard-line trade tactics.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



GE's stock sinks again toward 9-year low, 3-months after Dow departure
Date: Tue, 25 Sep 2018 19:28:07 GMT
From feeds.marketwatch

Shares of General Electric Co. sank 4.1% in afternoon trade Tuesday, putting them on track to close at the lowest level since July 10, 2009. The industrial conglomerate's stock has now plunged 12% in four sessions, since issues with one of its gas turbines forced Exelon Corp. to shut down a plant, and prompt J.P. Morgan analyst Stephen Tusa to cut his price target to a Street low of $10. The latest selloff comes exactly three months after GE's last day in the Dow Jones Industrial Average on June 25, which ended its record 111-year run in the blue-chip barometer. GE's stock has now plunged 55% over the past 12 months, while the Dow has gained 19%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dow sinks to session low as rally in McDonald's more than offset by stock slump in 3M and UnitedHealth
Date: Tue, 25 Sep 2018 18:52:36 GMT
From feeds.marketwatch

The Dow Jones Industrial Average fell to session lows Tuesday afternoon as a decline in shares of 3M Co. and UnitedHealth Group Inc. more than offset a sharp advance in those of McDonald's Corp. . Declines in UnitedHealth and 3M's shares were exacting a roughly 45-point toll on the Dow , which was outweighing a 25-point lift the blue-chip was garnering from fast=food giant McDonald's. A $1 move in any one of the price-weighted Dow's 30 components equates to a 6.8-point swing in the index. Most recently, the Dow was down by about 70 points, or 0.3%, at 26,492. Meanwhile, the S&P 500 index was trading 0.1% lower at 2,915, while the Nasdaq Composite Index was bucking the trend, gaining 0.1% at 8,004.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Jaguar Health's stock triples after licensing deal, has been halted 13 times for volatility
Date: Tue, 25 Sep 2018 18:40:14 GMT
From feeds.marketwatch

Shares of Jaguar Health Inc. more than tripled in extremely volatile trade Tuesday, after the pharmaceutical company announced a distribution, license and supply agreement with Canada-based specialty pharmaceutical company Knight Therapeutics Inc. , in which Jaguar could receive up to $18 million in milestone payments from Knight. Jaguar stock, which closed Monday at 65 cents, had been up as much as 285% at its intraday high of $2.50 before paring some gains, to be up 206% in afternoon trade. Volume spiked to 38.9 million shares, compared with the full-day average of about 150,000 shares. The stock has been temporarily halted no less than 13 times for volatility throughout the day. The agreement with Knight grants Knight the exclusive right to commercialize Jaguar's Mytesi for the treatment of noninfectious diarrhea and related products in Canada and Israel, and the right to negotiate commercialization in Latin America. Despite the rally, Jaguar's stock was still down 5.1% year to date, while Knight shares have slipped 0.2% and the S&P 500 has gained 9.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Cosby sentenced to 3 to 10 years in state prison for sexual assault: reports
Date: Tue, 25 Sep 2018 18:27:01 GMT
From feeds.marketwatch

Bill Cosby was sentenced to three to 10 years in state prison on Tuesday. The sentence is related to his assault of Andrea Constand in 2004. Cosby was declared a "sexually violent predator" ahead of the sentencing, which he and his attorneys are expected to appeal, according to reports. The 81-year-old comedian was sentenced by Pennsylvania judge Steven O'Neill for drugging and sexually assaulting Constand amid allegations that he had similarly drugged other women. Being deemed a "sexually violent predator" means Cosby must undergo monthly counseling in perpetuity and report quarterly to authorities, according to the Associated Press. His name will appear on a sex-offender registry. Cosby was convicted in April of molesting Constand -- a former Temple University administrator -- about 14 years ago. The octogenarian actor is best known for "The Cosby Show."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Dunkin' Donuts shortening its name to Dunkin'
Date: Tue, 25 Sep 2018 18:23:31 GMT
From feeds.marketwatch

Dunkin' Brands Group Inc. is getting rid of the "Donuts" and shortening its name to simply Dunkin'. In a blog post, Tony Weisman, chief marketing officer for Dunkin' US, said the company is "moving to a first-name basis with America" with a name that's "simpler, shorter, more modern." New branding will appear starting January 2019. Dunkin' is up 1.2% in Tuesday trading, and up 14.3% for the year to date. The S&P 500 index has gained 9.1% for 2018 so far.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Viomi's stock soars in its debut, then pulls back sharply
Date: Tue, 25 Sep 2018 18:08:54 GMT
From feeds.marketwatch

Shares of China-based Viomi Technology Co. Ltd. shot up as much as 22% above the initial public offering price of $9 in its public debut, before pulling back sharply. After the initial run up to an intraday high of $10.95, the stock fell to a low of $8.97, or 0.3% below its IPO price, before bouncing slightly to be up 0.7% in afternoon trade. The company raised $102.6 million in the IPO, which valued the company at $811.8 million. Viomi has gone public at a time that the Renaissance IPO ETF has gained 2.2% over the past three months, while the S&P 500 has advanced 7.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Facebook likely to make Adam Mosseri new Instagram head: report
Date: Tue, 25 Sep 2018 17:45:34 GMT
From feeds.marketwatch

The Information reported Tuesday that Facebook Inc. looks likely to make Adam Mosseri the new head of Instagram, following the resignations of cofounders Kevin Systrom and Mike Krieger. The report, which cites multiple anonymous sources, said that Mosseri's promotion is likely to come in the next few days. Mosseri currently serves as Instagram's vice president of product. The Information reported that sources say it's possible but unlikely that Facebook will pick another internal candidate for the position. Facebook shares have pared back most of their losses following the announcement that Systrom and Krieger would be leaving, but analysts have expressed concern about the departures. Shares are up 1.4% over the past 12 months, as the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Elizabeth Warren proposes legislation for affordable housing crisis
Date: Tue, 25 Sep 2018 17:42:55 GMT
From feeds.marketwatch

Massachusetts Senator Elizabeth Warren on Tuesday introduced legislation to address the affordable housing gap. The bill, called the American Housing and Economic Mobility Act, would direct about $500 billion, primarily to build and rehabilitate housing for low- and moderate-income Americans. It would also create incentives for local governments to eliminate land use restrictions that drive up costs. It would also steer down payment assistance monies to communities historically denied mortgages by the government - people living in formerly redlined or officially segregated areas. And it would invest $2 billion "to support borrowers" who owe more in a mortgage than their homes are worth. If passed, the bill is projected to create 3.2 million new housing units and reduce rents by 10%, according to an independent analysis from Moody's Analytics. Warren proposes to pay for the policies by increasing the estate tax back to Bush-era levels.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Square stock extends gains after company rolls out new payroll app; ADP, Paychex stocks fall
Date: Tue, 25 Sep 2018 17:27:47 GMT
From feeds.marketwatch

Square Inc. rolled out a new, dedicated payroll app on Tuesday, which will allow employers to approve time cards and pay employees. Over the past few quarters, merchant services such as payroll have helped contribute to the company's strong growth. Square has been successful in convincing merchants to pay for additional services beyond payment processing, including instant access to funds and invoicing. The new app puts the payroll service in a dedicated place. Shares of Automatic Data Processing Inc. turned negative in midday trading Tuesday, and they're now down 0.8%. Shares of Paychex Inc. are currently off 1.7%. Square stock continues to add to its gains, and it's now up 8.3%. Earlier Tuesday, an analyst raised his price target on the stock to $125, which is the highest listed on FactSet. The stock is up 240% over the past 12 months, as the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Trump to hold press conference on Wednesday
Date: Tue, 25 Sep 2018 16:49:48 GMT
From feeds.marketwatch

President Donald Trump will hold a press conference on Wednesday at 5 p.m. Eastern, according to press secretary Sarah Sanders. In a tweet, Sanders said Trump will discuss the United Nations General Assembly trip as well as "news of the day." Trump is set to meet Deputy Attorney General Rod Rosenstein Thursday, as his Supreme Court nominee Brett Kavanaugh is due to face questions about an allegation of sexual assault. Trump's position on whether he will sign a bill keeping the government open past September is also unclear.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



U.S. oil benchmark prices cut gains, but global benchmark keeps climbing
Date: Tue, 25 Sep 2018 16:19:31 GMT
From feeds.marketwatch

Prices for U.S. benchmark crude pared much of their earlier gains on Tuesday as President Donald Trump again pressured OPEC to lower oil prices and said the U.S. won't put up with "horrible" prices much longer. In a tweet, Javier Blas, chief energy correspondent at Bloomberg, suggested that additional barrels on the market could come from a U.S. Strategic Petroleum Reserve release. November West Texas Intermediate oil edged up by 3 cents to $72.11 a barrel on the New York Mercantile Exchange--down from a high of $72.78. November Brent crude climbed 75 cents, or 0.9%, to $81.95 a barrel on ICE Futures Europe.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Kohl's to launch new women's plus-size brand, EVRI, a 'Property Brothers' home brand, and Nike Plus
Date: Tue, 25 Sep 2018 15:49:24 GMT
From feeds.marketwatch

Kohl's Corp. said Tuesday that it will launch a new women's private-label plus-size brand, EVRI, in spring 2019. EVRI, which stands for easy, versatile, real (value) and inspiring, will include sizes 0X to 4X in tops and 14W to 30W in bottoms. The line will be available both in stores and online. Kohl's will also roll out the Nike Plus brand in spring 2019, with merchandise for the entire family. The retailer also announced that it will launch Scott Living, a home lifestyle brand created through a partnership with HGTV's "Property Brothers," Drew and Jonathan Scott. The collection will include furniture, kitchen dA(c)cor items, and more. It will be available in stores and online in fall 2019. Kohl's shares have rallied 37.4% for the year to date outpacing the S&P 500 index , which is up 9.3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



EC fines SG Americas for creating ADRs without sufficient shares
Date: Tue, 25 Sep 2018 15:39:32 GMT
From feeds.marketwatch

The Securities and Exchange Commission settled charges Tuesday with SG Americas Securities LLC, the registered broker-dealer and subsidiary of Paris-based SociA(c)tA(c) GA(c)nA(c)rale S.A., [ s: scgly] for the alleged improper handling of "pre-released" American Depositary Receipts or ADRs, predominantly by its predecessor entity, Newedge USA LLC. SG Americas was fined more than $800,000 for improperly providing thousands of pre-released ADRs over a more than three-year period when neither the broker nor its customers had the requisite shares. Such practices can potentially artificially inflate the total number of a foreign issuer's tradeable securities, diluting existing shareholders' equity. Some of the pre-released ADRs were also used for short selling that may not otherwise have occurred, potentially suppressing the price of the issuer's securities. SG Americas did not admit or deny the SEC's findings, and agreed to return more than $480,000 of alleged ill-gotten gains plus $82,000 in prejudgment interest and a $250,000 penalty. This is the fifth SEC action against a depository bank or broker for abusive pre-release ADR practices.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Instagram cofounder departures are a 'notable negative' for Facebook, says CFRA
Date: Tue, 25 Sep 2018 15:28:38 GMT
From feeds.marketwatch

CFRA analyst Scott Kessler reiterated his hold rating Facebook Inc. shares Tuesday, after Instagram cofounders Kevin Systrom and Mike Krieger said that they would be leaving the company. "Our sense is the duo may have wanted to run Instagram more independently than their parent company wanted," wrote Kessler, who sees "more and more promotional activity" on Instagram nowadays. "We think Systrom's and Krieger's departures are a notable negative for Facebook." Instagram has become a major focus for Facebook given that many younger users in North America have soured on the core Facebook platform. Facebook shares are down 0.8% in Tuesday trading, though they're up 0.8% over the past 12 months. The S&P 500 has risen 17% in that time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Snap stock gains after Instagram cofounders step down
Date: Tue, 25 Sep 2018 14:59:22 GMT
From feeds.marketwatch

Shares of Snap Inc. are up 2% in Tuesday morning trading after Instagram cofounders Kevin Systrom and Mike Krieger said they would be leaving their company, which is now owned by Facebook Inc. . Snapchat user growth has struggled since Snap went public in early 2017, as Facebook and Instagram continue to borrow the service's most popular features and win over more young users. Systrom most recently served as Instagram's chief executive, while Krieger was the chief technology officer. Facebook shares are down 1.4% in Tuesday's session, while Twitter Inc.'s stock is up 0.9%. Snap shares have tumbled 30% over the past 12 months, compared with a 17% gain for the S&P 500 [s:spx].

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Sirius XM could acquire Live Nation after completing Pandora deal, says BTIG
Date: Tue, 25 Sep 2018 14:49:05 GMT
From feeds.marketwatch

BTIG analyst Brandon Ross said Tuesday that a Sirius XM Holdings Inc. offer for Live Nation Entertainment Inc. would make sense, following Sirius' announcement that it would be acquiring Pandora Media Inc. in an all-stock deal. "This transaction is likely the first of multiple deals involving SiriusXM, particularly as the all-stock nature of the Pandora acquisition did nothing to address Sirius' growing access to cash," Ross wrote. "We continue to believe Sirius' controlling shareholder, Liberty Media Corporation, wishes to eventually control a combined SiriusXM, Pandora and Live Nation, and that this will become reality with a Sirius acquisition of Live Nation and a clean-up of Sirius' share structure." Ross asked Sirius about the potential for a Live Nation transaction on Monday's conference call following the Pandora announcement. Sirius Chief Executive Jim Meyer said that Sirius has "done the math" and "certainly [has] the firepower to do other things if we want to" but that such other deals are "not on my mind right now." Sirius shares are down 0.2% in Tuesday morning trading, while Live Nation's stock is up 0.8%. Live Nation shares have gained 26% over the past 12 months, compared with a 17% gain for the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



EBay starts managing payments in first step of move away from PayPal
Date: Tue, 25 Sep 2018 14:35:32 GMT
From feeds.marketwatch

EBay Inc. said Tuesday that it had begun to "intermediate," or manage, payments on its U.S. marketplace platform. The move is the first step of the online marketplace's plan to shift away from PayPal Holdings Inc. for payment processing. EBay announced earlier this year that it would make European payments company Adyen NV its main payments partner once eBay's PayPal deal expired in 2020 and relegate PayPal to a lesser role on the site. The online retailer said Tuesday that only certain sellers are participating in this first phase of eBay's managed-payments rollout and that those who buy from these merchants will be able to select Apple Inc.'s Apple Pay as a payment option. PayPal said in a statement that it "remains an important partner to eBay" and reiterated that the company has an agreement with eBay that will allow PayPal to remain a payment option on the site through 2023. Shares of eBay are down 1.2% in Tuesday trading, while PayPal shares are up 0.5%. EBay's stock is down 12% over the past 12 months, as the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Sirius XM stock downgraded to neutral by Credit Suisse as Pandora deal 'changes the story'
Date: Tue, 25 Sep 2018 14:24:06 GMT
From feeds.marketwatch

Credit Suisse analyst Brian Russo downgraded shares of Sirius XM Holdings Inc. to neutral from outperform in the wake of the company's announcement that it plans to acquire Pandora Media Inc. . "Though our outlook for Sirius' main business is unchanged, the opportunities and potential synergy between the companies are unclear to us at this time, as are management's capital deployment intentions," Russo wrote. "Further, we believe Sirius shares could remain range-bound through the deal's expected close in 1Q19." He said that the deal announcement "changes the story" on Sirius. Russo lowered his price target to $7.50 from $8.50. Sirius shares are off 0.4% in Tuesday's session, while Pandora's stock is up 0.6%. Shares of Sirius have gained 13% over the past 12 months, compared with a 17% rise for the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Qualcomm accuses Apple of trade-secret theft
Date: Tue, 25 Sep 2018 14:17:02 GMT
From feeds.marketwatch

Qualcomm Inc. has accused Apple Inc. of stealing trade secrets and giving them to rival Intel Corp. in a legal filing. The filing alleges that Apple stole trade secrets "for the purpose of improving lower-quality modem chipsets, including those manufactured by Intel, a competitor of Qualcomm, to render such chipsets useable in Apple devices with the ultimate goal of diverting Qualcomm's Apple-based business." The filing is the latest move in a long-running legal dispute between the two companies. Qualcomm confirmed the latest filing in an email to MarketWatch and cited a comment made by general counsel Don Rosenberg to CNBC. "Unlawful use of Qualcomm's valuable trade secrets to try to help a competitor catch up irreparably harms us and must not be allowed to continue," Rosenberg said. Apple pointed to the company's comment from June 2017: "Qualcomm's illegal business practices are harming Apple and the entire industry. They supply us with a single connectivity component, but for years have been demanding a percentage of the total cost of our products - effectively taxing Apple's innovation." Qualcomm shares are down 0.5% in Tuesday morning trading, while Apple shares are up 0.1% and the S&P 500 is little changed.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Chesapeake Energy stock slips to endanger 5-day win streak after analyst downgrade
Date: Tue, 25 Sep 2018 14:01:39 GMT
From feeds.marketwatch

Chesapeake Energy Corp. was downgraded by SunTrust RH analyst Neal Dingmann, who said the oil and gas producer's turnaround could take longer than expected. The stock slipped 0.3% morning trade, after soaring 17% amid a five-session win streak through Monday. Dingmann cut his rating to hold, after being at buy for at least the past three years, and lowered his price target to $5 from $6. Dingmann believes Chesapeake is approaching an inflection point where cash flow will start outpacing spending, but he said the turnaround could be "a 2020 and 2019 event" given time needed its prized Powder River Basin asset. "Though we believe [net asset value] remains strong and [Chesapeake] has made strides reducing debt by decreasing spending/executing a number of non-core asset sales, leverage remains higher than the peer group and a likely outspend in the next few quarters," Dingmann wrote in a note to clients. Earlier Tuesday, Chesapeake announced a $1.25 billion offering of senior notes, due 2024 to 2026, and plans to use the proceeds, plus cash on hand, to pay down its secured term loan due 2021. Despite the recent rally, Chesapeake's stock was still down 4.7% over the past three months, while the SPDR Energy Select Sector ETF has gained 4.2% and the S&P 500 has advanced 7.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



AMD might gain share more slowly than Wall Street is expecting, says KeyBanc
Date: Tue, 25 Sep 2018 13:43:27 GMT
From feeds.marketwatch

KeyBanc Capital Markets analyst Weston Twigg initiated coverage of Advanced Micro Devices Inc. with a sector weight rating Tuesday, writing that he's bullish on the company but worries about high expectations on Wall Street. "We fear that the Street is expecting more rapid share gains than the Company is likely to achieve given 12-plus month qualification times for some server chips, and we're concerned that any moderate downtick to near-term expectations could add substantial risk to the stock after the recent run," Twigg wrote. AMD shares are up 2.5% in Tuesday morning trading, following a 5% gain in Monday's session. The stock has gained 164% over the past 12 months, as the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Walmart to use blockchain technology to track leafy greens
Date: Tue, 25 Sep 2018 13:41:31 GMT
From feeds.marketwatch

Walmart Inc. said Tuesday that it will begin using a blockchain-enabled system to track the path of leafy greens like lettuce back to its farm of origin over the next year. The retail giant has been working with International Business Machines Corp. and 11 food companies over the past year to develop the technology. "While leafy greens are overwhelmingly safe to eat per capita, there have been several high profile recalls over the past decade and Walmart believes the current one-step model of food tractability is outdated and we can do better," the company said in a statement. Walmart shares are down nearly 4% for the year so far while the Dow Jones Industrial Average has gained 7.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Inspire Brands acquiring drive-in fast-food chain Sonic for $2.3 billion
Date: Tue, 25 Sep 2018 13:41:07 GMT
From feeds.marketwatch

Inspire Brands, which has both company-owned and franchised restaurant brands, has agreed to acquire drive-in fast-food chain Sonic Corp. for $43.50 per share in cash, or about $2.3 billion, including assumption of Sonic's debt. Sonic joins Inspire's portfolio, which includes more than 4,700 Arby's, Buffalo Wild Wings and Rusty Taco restaurants. Inspire is majority-owned by affiliates of private-equity firm Roark Capital Group, which owns Arby's. Arby's purchased Buffalo Wild Wings in November 2017. Sonic will become a privately-held subsidiary of Inspire Brands and will continue to operate as an independent brand. Sonic shares are halted until 9:50 am ET. The stock is up 48.5% for the last year while the S&P 500 index is up 17% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



SurveyMonkey IPO: 5 things to know about the survey-software maker
Date: Tue, 25 Sep 2018 23:41:29 GMT
From feeds.marketwatch
Itas not often that a dot-com boom and bust era company goes public but SurveyMonkey parent company SVMK Inc. intends to change that, filing for its initial public offering Wednesday.


This D.C. lawyer is suing his former girlfriend for the return of a $100,000 engagement ring
Date: Tue, 25 Sep 2018 22:08:31 GMT
From feeds.marketwatch
Ryan Strasser alleges that his former girlfriend insisted that his original budget of $40,000 was not enough.


Outside the Box: 3 fresh Instagram worries for Facebook investors as Zuckerberg faces his biggest test
Date: Tue, 25 Sep 2018 21:28:56 GMT
From feeds.marketwatch
Whenever a visionary founder leaves a company, it is a moment of great risk. This is even more so because Instagram has become Facebookas growth engine.


The Ratings Game: Square stock posts best day in 19 months after company is likened to the FANGs
Date: Tue, 25 Sep 2018 20:21:16 GMT
From feeds.marketwatch
Shares of Square soared Tuesday after an analyst said that the company is doing for the payments sector what Facebook, Amazon, Netflix, and Alphabet did for the technology industry.


Instagram founders leave the company, but are Facebookas privacy struggles to blame?
Date: Tue, 25 Sep 2018 20:18:51 GMT
From feeds.marketwatch
The Instagram co-founders said they are taking time off to explore their acuriosity and creativity again.a


In One Chart: Facebook canat keep up with Twitter, and the Instagram news isnat helping
Date: Tue, 25 Sep 2018 19:58:00 GMT
From feeds.marketwatch
Since Facebook first went public in 2012, the stock has rallied more than 300% to reign supreme as the hottest stock in the social-media landscape. At the same time, Twitter has shed a third of its value since its initial trading day while Snap, the youngest of the trio, has had an even rougher showing. But thereas clearly a change afoot in 2018,


The Ratings Game: Facebook stock faces ameaningful pressurea after Instagram co-founders jump ship
Date: Tue, 25 Sep 2018 19:30:37 GMT
From feeds.marketwatch
Facebook shares slump after JPMorgan analyst Doug Anmuth says the departures of Instagramas co-founders were not only asurprising,a but also aconcerninga for investors.


Deep Dive: Fast-growing chip makers are selling for a discount after Trump tariff announcement
Date: Tue, 25 Sep 2018 18:21:17 GMT
From feeds.marketwatch
Semiconductor stocks are being hurt in the short term, but if you take a long-term view, you have the chance to outperform benchmark indexes.


SurveyMonkey IPO: 5 things to know about the survey-software maker
Date: Tue, 25 Sep 2018 23:41:29 GMT
From feeds.marketwatch
Itas not often that a dot-com boom and bust era company goes public but SurveyMonkey parent company SVMK Inc. intends to change that, filing for its initial public offering Wednesday.


This D.C. lawyer is suing his former girlfriend for the return of a $100,000 engagement ring
Date: Tue, 25 Sep 2018 22:08:31 GMT
From feeds.marketwatch
Ryan Strasser alleges that his former girlfriend insisted that his original budget of $40,000 was not enough.


Outside the Box: 3 fresh Instagram worries for Facebook investors as Zuckerberg faces his biggest test
Date: Tue, 25 Sep 2018 21:28:56 GMT
From feeds.marketwatch
Whenever a visionary founder leaves a company, it is a moment of great risk. This is even more so because Instagram has become Facebookas growth engine.


Outside the Box: Qualcomm escalates its fight with Apple with latest legal step
Date: Tue, 25 Sep 2018 21:06:04 GMT
From feeds.marketwatch
Qualcomm claims its intellectual property helped Apple accelerate the development of rival modems from Intel.


The Ratings Game: Square stock posts best day in 19 months after company is likened to the FANGs
Date: Tue, 25 Sep 2018 20:21:16 GMT
From feeds.marketwatch
Shares of Square soared Tuesday after an analyst said that the company is doing for the payments sector what Facebook, Amazon, Netflix, and Alphabet did for the technology industry.


Instagram founders leave the company, but are Facebookas privacy struggles to blame?
Date: Tue, 25 Sep 2018 20:18:51 GMT
From feeds.marketwatch
The Instagram co-founders said they are taking time off to explore their acuriosity and creativity again.a


In One Chart: Facebook canat keep up with Twitter, and the Instagram news isnat helping
Date: Tue, 25 Sep 2018 19:58:00 GMT
From feeds.marketwatch
Since Facebook first went public in 2012, the stock has rallied more than 300% to reign supreme as the hottest stock in the social-media landscape. At the same time, Twitter has shed a third of its value since its initial trading day while Snap, the youngest of the trio, has had an even rougher showing. But thereas clearly a change afoot in 2018,


The Ratings Game: Facebook stock faces ameaningful pressurea after Instagram co-founders jump ship
Date: Tue, 25 Sep 2018 19:30:37 GMT
From feeds.marketwatch
Facebook shares slump after JPMorgan analyst Doug Anmuth says the departures of Instagramas co-founders were not only asurprising,a but also aconcerninga for investors.


Deep Dive: Fast-growing chip makers are selling for a discount after Trump tariff announcement
Date: Tue, 25 Sep 2018 18:21:17 GMT
From feeds.marketwatch
Semiconductor stocks are being hurt in the short term, but if you take a long-term view, you have the chance to outperform benchmark indexes.


The Tell: Strong economy and stock market may lead Trump to amajor miscalculation,a say JPMorgan analysts
Date: Tue, 25 Sep 2018 22:17:23 GMT
From feeds.marketwatch
JPMorgan Chase & Co. analysts, led by cross-asset strategist John Normand, in a Sept. 21 research report, say investors should be prepared for the possibility of a amajor miscalculationa by the Trump administration on trade.


Currencies: U.S. dollar treads water ahead of Fed rate decision
Date: Tue, 25 Sep 2018 22:16:06 GMT
From feeds.marketwatch
Major currencies see muted action Tuesday as investors await the Federal Reserveas highly anticipated interest-rate decision and policy update on Wednesday, the major event of the week.


This D.C. lawyer is suing his former girlfriend for the return of a $100,000 engagement ring
Date: Tue, 25 Sep 2018 22:08:31 GMT
From feeds.marketwatch
Ryan Strasser alleges that his former girlfriend insisted that his original budget of $40,000 was not enough.


The Wall Street Journal: Argentinaas central-bank president resigns as the country struggles to stave off crisis
Date: Tue, 25 Sep 2018 21:58:52 GMT
From feeds.marketwatch
Argentina central bank President Luis Caputo resigned less than four months into his post as the government struggles to contain economic turmoil and social unrest while it renegotiates a bailout with the International Monetary Fund.


Market Extra: A first-ever Fed September interest-rate hike could set stocks reeling Wednesday
Date: Tue, 25 Sep 2018 21:14:03 GMT
From feeds.marketwatch
With the Federal Reserve all but certain to raise interest rates on Wednesday, investors may need to brace for sudden, unexpected market volatility as stocks have been underperforming on Fed Days in recent months.


CryptoWatch: Crypto prices slump; Google lifts ad ban
Date: Tue, 25 Sep 2018 21:09:43 GMT
From feeds.marketwatch
Cryptocurrency prices extend losses early Tuesday, putting a recent resurgence in jeopardy.


Market Snapshot: Stock gauges close mostly lower as Fed decision looms
Date: Tue, 25 Sep 2018 20:31:37 GMT
From feeds.marketwatch
U.S. stock benchmarks end mostly lower Tuesday amid subdued activity as investors held off on making big bets ahead of the Federal Reserveas monetary policy decision.


The Ratings Game: Square stock posts best day in 19 months after company is likened to the FANGs
Date: Tue, 25 Sep 2018 20:21:16 GMT
From feeds.marketwatch
Shares of Square soared Tuesday after an analyst said that the company is doing for the payments sector what Facebook, Amazon, Netflix, and Alphabet did for the technology industry.


Qualcomm Accuses Apple of Funneling Secrets to Rival Intel
Date: Tue, 25 Sep 2018 19:17:31 EDT
From https:
Qualcomm accused Apple of funneling proprietary information to rival chip maker Intel, broadening a long-running legal battle.

Nike's Sales Rise 10% on Higher Spending on Sneakers and Apparel
Date: Tue, 25 Sep 2018 20:41:02 EDT
From https:
Nike posted a 10% increase in sales during the summer quarter, riding strong consumer spending in the U.S. and healthy demand outside its home market for the brand's sneakers and athletic apparel.

Facebook's Messing With Instagram Prompted Co-Founders' Departure
Date: Tue, 25 Sep 2018 20:25:30 EDT
From https:
Instagram's co-founders increasingly clashed with Facebook CEO Mark Zuckerberg over a range of issues, including recent changes to the photo-sharing app that appeared designed to promote Facebook's growth at Instagram's expense.

Taxiway Collisions Emerge as Biggest Threat to U.S. Air Travelers
Date: Tue, 25 Sep 2018 06:22:37 EDT
From https:
U.S. air-crash investigators are slated to examine an escalating hazard for airline passengers: planes mistakenly lining up to land on airport taxiways, rather than runways, or actually touching down on them in error.

Arby's Parent to Buy Sonic for $2.3 Billion
Date: Tue, 25 Sep 2018 19:08:36 EDT
From https:
Inspire Brands is buying Sonic for $2.3 billion, including debt, as the company created by the merger of Arby's and Buffalo Wild Wings seeks to build a portfolio of restaurant chains spanning the spectrum of fast food to casual dining.

U.S. Consumer Confidence Hits 18-Year High
Date: Tue, 25 Sep 2018 19:07:36 EDT
From https:
Consumer confidence hit a new 18-year high in September, as robust job growth and a strong economic outlook bolstered Americans' expectations for the future.

Home-Price Gains Decelerated in July
Date: Tue, 25 Sep 2018 17:58:30 EDT
From https:
Home-price gains slowed for the fourth straight month in July, as higher mortgage rates begin acting as a brake on rapid price growth, offering some welcome respite for buyers.

Trade Deal Could Move Ahead Without Canada, U.S. Official Says
Date: Tue, 25 Sep 2018 19:02:20 EDT
From https:
The Trump administration's top trade negotiator threatened to move forward with a bilateral accord with Mexico amid a lack of progress with Canada on renegotiating the North American Free Trade Agreement.

IRS Is Wrongly Denying Tax Refunds, Some Companies Say
Date: Tue, 25 Sep 2018 17:55:52 EDT
From https:
Multinational companies, backed by the Chamber of Commerce and an in-house critic at the IRS, say the government is incorrectly denying them refunds on 2017 tax returns.

Trump Pursues Trade Deals in Asia, Europe Amid Frostiness With China
Date: Tue, 25 Sep 2018 05:48:18 EDT
From https:
The Trump administration is turning to allies in Asia and Europe for trade deals as U.S. relations with China deteriorate and the world's two largest economies exchange tit-for-tat tariffs that risk damaging global commerce.

Shareholders Win Vote Urging Smith & Wesson Maker to Review Safety Efforts
Date: Tue, 25 Sep 2018 19:50:18 EDT
From https:
Investors in American Outdoor Brands Corp. on Tuesday won a shareholder vote urging the top U.S. firearm maker to do more to address gun violence.

Dunkin' to Drop 'Donuts' From Brand's Name
Date: Tue, 25 Sep 2018 17:12:18 EDT
From https:
Dunkin' Brands is dropping the word "Donuts" from its flagship brand, becoming the latest company to signal a fresh approach with a new name.

Twitter Proposes Banning Dehumanizing Content
Date: Tue, 25 Sep 2018 18:23:20 EDT
From https:
Twitter plans to expand its rules to no longer allow content that treats others as subhuman in its latest attempt to replace toxic speech with healthier discourse.

Trump Defends Hard-Line Trade Policies at U.N.
Date: Tue, 25 Sep 2018 22:15:00 EDT
From https:
In his second address to the U.N. General Assembly, President Trump criticized international organizations and alliances as unaccountable, but got pushback from other world leaders.

Shoppers Love Rewards Credit Cards. Retailers Hate Them.
Date: Tue, 25 Sep 2018 16:40:09 EDT
From https:
Consumers have become addicted to credit cards with generous rewards programs. Retail merchants are pushing for the right to reject such credit cards, which they complain are cutting into their profits.

Uber Wins Court Appeal Over Drivers' Working Classification
Date: Tue, 25 Sep 2018 17:03:28 EDT
From https:
Uber Technologies scored a legal victory over drivers after a federal appeals court dismantled the class-action status of a lawsuit that had sought to reclassify independent contractors as employees.

Verizon Launches Early-Retirement Program
Date: Tue, 25 Sep 2018 15:17:04 EDT
From https:
Verizon has offered early-retirement packages to thousands of staffers, as part of a broader cost-cutting effort.

Owners of Last U.S. Nuclear Plant Face Few Good Options as Deadline Nears
Date: Tue, 25 Sep 2018 19:18:16 EDT
From https:
The owners of the last remaining nuclear-power plant under construction in the U.S. continued Tuesday to negotiate a deal to finish the half-built project. But in some ways, the choice of whether to keep going amounts to a no-win proposition.

As Newell Sheds Brands, a Familiar Foe Circles
Date: Tue, 25 Sep 2018 12:37:59 EDT
From https:
Newell Brands, the struggling conglomerate that is unloading several household brands, could end up selling one of its oldest businesses--the maker of Bicycle playing cards.

Facebook's Messing With Instagram Prompted Co-Founders' Departure
Date: Tue, 25 Sep 2018 20:25:30 EDT
From https:
Instagram's co-founders increasingly clashed with Facebook CEO Mark Zuckerberg over a range of issues, including recent changes to the photo-sharing app that appeared designed to promote Facebook's growth at Instagram's expense.

Instagram's Kevin Systrom on the Platform He Built for One Billion Users
Date: Tue, 25 Sep 2018 17:59:07 EDT
From https:
After selling Instagram to Facebook, Systrom vaulted the platform past Snapchat and had been gearing up to take on YouTube. WSJ. Magazine interviewed the CEO before he announced his resignation.

Qualcomm Accuses Apple of Funneling Secrets to Rival Intel
Date: Tue, 25 Sep 2018 19:17:31 EDT
From https:
Qualcomm accused Apple of funneling proprietary information to rival chip maker Intel, broadening a long-running legal battle.

Parted Your Hair A Different Way? Your Device Might Not Unlock
Date: Tue, 25 Sep 2018 15:54:24 EDT
From https:
Changing styles and makeup (or lack of it) can throw off the increasingly popular facial-recognition technology on phones and computers, leading users to wonder what's so wrong with how they look; "It was an existential crisis."

State Officials Weigh Joint Probes of Big Tech Companies
Date: Tue, 25 Sep 2018 19:52:46 EDT
From https:
State officials expressed concerns about technology giants' market dominance and user-privacy practices at a meeting hosted by U.S. Attorney General Jeff Sessions.

Uber Wins Court Appeal Over Drivers' Working Classification
Date: Tue, 25 Sep 2018 17:03:28 EDT
From https:
Uber Technologies scored a legal victory over drivers after a federal appeals court dismantled the class-action status of a lawsuit that had sought to reclassify independent contractors as employees.

Snap Communications Head to Leave, Continuing String of Departures
Date: Tue, 25 Sep 2018 14:36:42 EDT
From https:
Mary Ritti, one of Snap's earliest hires, announced she is leaving from top communications job, after announced exits of company's strategy head and CFO

Verizon Launches Early-Retirement Program
Date: Tue, 25 Sep 2018 15:17:04 EDT
From https:
Verizon has offered early-retirement packages to thousands of staffers, as part of a broader cost-cutting effort.

SoftBank Leads $1 Billion Investment in Indian Hotel-Booking Startup
Date: Tue, 25 Sep 2018 13:50:16 EDT
From https:
SoftBank Group is doubling down on one of its biggest bets in India by leading a $1 billion investment in hotel-booking startup OYO.

Your Browser Is the Most Important App You Have---Make Sure You Use the Right One
Date: Tue, 25 Sep 2018 11:50:42 EDT
From https:
New web browsers present the perfect reason to test what a modern browser can do and even consider making a change.

The Future of Credit-Card ID Verification
Date: Tue, 25 Sep 2018 13:37:21 EDT
From https:
As card companies, banks and vendors change how they verify identities and transactions, Europe offers a glimpse of what's to come.

Instagram's Kevin Systrom on the Platform He Built for One Billion Users
Date: Tue, 25 Sep 2018 17:59:07 EDT
From https:
After selling Instagram to Facebook, Systrom vaulted the platform past Snapchat and had been gearing up to take on YouTube. WSJ. Magazine interviewed the CEO before he announced his resignation.

New Tamagotchis, and the Trials of Digital Parenthood in 2018
Date: Tue, 25 Sep 2018 12:25:32 EDT
From https:
Many children of the '90s had to learn to feed a Tamagotchi--or risk its dying. Here, a once-proud digital-pet owner frets over the challenges of raising the next generation of little monsters.

Adult Swim Tries a New Channel: A Weekend Festival
Date: Tue, 25 Sep 2018 19:36:28 EDT
From https:
Adult Swim is kicking off its first Adult Swim Festival in Los Angeles, seeing it as a potential new profit center inspired by the success of events like Coachella and Comic Con.

They Specialize in Cutting Your Favorite Music Down to Size
Date: Tue, 25 Sep 2018 15:23:52 EDT
From https:
Tyler Mahan Coe and Mark Mosley assail some of Earth's most beloved musical acts in their podcast, "Your Favorite Band Sucks."

Does 'Made in America' Still Matter? Footwear Brand Allen Edmonds Is About to Find Out
Date: Tue, 25 Sep 2018 11:09:28 EDT
From https:
Allen Edmonds is kicking off a marketing campaign and product refresh to spotlight its 96 year history of making shoes in America. But will the patriotic spirit inspire customers to pay a premium?

Investors at Smith & Wesson parent support call for gun safety report
Date: Tue, 25 Sep 2018 19:38:16 -0400
From feeds.reuters
Investors at American Outdoor Brands Corp approved a call for the gun maker to produce a safety report, officials said during its annual meeting on Tuesday, marking a second win for religious...


S&P lowers outlook on Danske Bank to negative
Date: Tue, 25 Sep 2018 18:15:18 -0400
From feeds.reuters
S&P Global Ratings said on Tuesday it revised downward its outlook on Danske Bank to negative from positive to reflect the ongoing regulatory investigations into the company's Estonian branch.


U.S. business borrowing for equipment jumps 14 percent in August: ELFA
Date: Tue, 25 Sep 2018 17:43:10 -0400
From feeds.reuters
Borrowing by U.S. companies to spend on capital investments rose 14 percent in August from a year earlier, a trade group representing capital equipment lenders said.


Elliott to inject 120 million euros into AC Milan to reimburse bonds: source
Date: Tue, 25 Sep 2018 12:43:41 -0400
From feeds.reuters
U.S. hedge fund Elliott Management will inject 120 million euros ($141 million) into the coffers of Italian soccer club AC Milan to reimburse two bonds, a source said on Tuesday.


Your Money: What another U.S. interest rate rise means for you
Date: Tue, 25 Sep 2018 12:38:13 -0400
From feeds.reuters
If you have credit card debt, take the next U.S. Federal Reserve move to raise interest rates as a big, flashing warning sign.


Whistleblower tipped off GAM to director's behavior
Date: Tue, 25 Sep 2018 03:06:34 -0400
From feeds.reuters
GAM Holding said its decision to suspend a director in charge of absolute return bond funds in July, which triggered an investor exodus and a sharp fall in the company's shares at the time, was...


Nike profit tops targets but margins disappoint some
Date: Tue, 25 Sep 2018 22:09:53 -0400
From feeds.reuters
Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.


Delta lifts U.S. groundstop after restoring computer systems
Date: Tue, 25 Sep 2018 21:42:27 -0400
From feeds.reuters
Delta Air Lines Inc said it has restored all its systems after a technology issue grounded some flights that had not yet taken off, briefly disrupting travel for its passengers across the country.


Oil prices drop, Brent moves further away from four-year high
Date: Tue, 25 Sep 2018 21:23:08 -0400
From feeds.reuters
Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices.


Asian shares hover below three-week high as Fed rate hike looms
Date: Tue, 25 Sep 2018 21:13:12 -0400
From feeds.reuters
Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs.


U.S. says Canada not making concessions needed for NAFTA deal
Date: Tue, 25 Sep 2018 21:00:41 -0400
From feeds.reuters
Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday.


Dunkin' drops 'Donuts' from name in shift to coffee
Date: Tue, 25 Sep 2018 20:17:03 -0400
From feeds.reuters
Dunkin' Donuts said on Tuesday it plans to rebrand itself as "Dunkin'" as part of new CEO Dave Hoffman's plans to bring beverages and breakfast meals to the forefront of the restaurant chain's menu.


Dunkin's rebranding leaves hole in heart of doughnut lovers
Date: Tue, 25 Sep 2018 20:17:03 -0400
From feeds.reuters
Doughnut lovers took to social media on Tuesday to decry a decision by Dunkin' Donuts to drop its signature product from its name, an effort by the brand now known simply as Dunkin' to highlight a wider array of menu items and appeal to a younger generation.


S&P 500 dips as chip stocks and utilities tumble
Date: Tue, 25 Sep 2018 18:21:38 -0400
From feeds.reuters
The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.


Independent BMW car dealers loath to agree new terms: Sueddeutsche Zeitung
Date: Tue, 25 Sep 2018 18:10:42 -0400
From feeds.reuters
Most of BMW's 550 independent car dealerships are unwilling to accept new terms set by the carmaker and are threatening to ignore an end-September deadline, Sueddeutsche Zeitung reported on Wednesday.


Apple shaves cost from displays in newest iPhones: analyst firm
Date: Tue, 25 Sep 2018 17:56:03 -0400
From feeds.reuters
Apple Inc shaved some parts from the display in its largest new iPhone, helping keep costs under control in what has become the priciest component of its phones in recent years, according to a new cost analysis of the device.


Deutsche Bank mulls merger scenario with UBS: Handelsblatt
Date: Tue, 25 Sep 2018 17:50:07 -0400
From feeds.reuters
Deutsche Bank has looked at a theoretical scenario of merging with UBS , the German business daily Handelsblatt reported, citing people familiar with the matter.


RaytheonA Co wins $1.5 billion U.S. defense contract: Pentagon
Date: Tue, 25 Sep 2018 17:26:36 -0400
From feeds.reuters
RaytheonA Co has been awarded a $1.5 billion modification to a contract for the sale of Patriot missile systems to Poland, the Pentagon said in a statement on Tuesday.


Energy shares rise on higher oil; dollar slips as policy tightening eyed
Date: Tue, 25 Sep 2018 17:24:15 -0400
From feeds.reuters
Energy stocks climbed on Tuesday as oil prices surged above $81 a barrel, but U.S. shares ended lower as chipmakes fell on ratings downgrades and rate-sensitive shares lost ground ahead of an expected Federal Reserve interest rate hike.


Oil jumps, then pares gains as Trump pressures OPEC again
Date: Tue, 25 Sep 2018 15:31:57 -0400
From feeds.reuters
Oil prices rose Tuesday on global supply concerns following U.S. sanctions on Iran's oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly higher after U.S. President Donald Trump called again on OPEC to boost crude output.


Michael Kors makes high-end fashion statement with $2.2 billion Versace buy
Date: Tue, 25 Sep 2018 14:28:37 -0400
From feeds.reuters
Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals.


Versace sale turns up heat on fashion's independent outliers
Date: Tue, 25 Sep 2018 14:28:37 -0400
From feeds.reuters
Michael Kors' swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out.


Qualcomm accuses Apple of stealing its secrets to help Intel
Date: Tue, 25 Sep 2018 14:23:37 -0400
From feeds.reuters
Qualcomm Inc on Tuesday accused Apple Inc of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel's improved semiconductors, which may have cost Qualcomm billions of dollars in lost sales.


China says U.S. putting 'knife to its neck', hard to proceed on trade
Date: Tue, 25 Sep 2018 14:11:49 -0400
From feeds.reuters
A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting "a knife to China's neck", a day after both sides heaped fresh tariffs on each other's goods.


Full-blown trade war would cost jobs, growth and stability: WTO's Azevedo
Date: Tue, 25 Sep 2018 14:11:49 -0400
From feeds.reuters
A full-blown trade war would have serious effects on global economic growth and there would be no winners in such a scenario, the director-general of the World Trade Organization (WTO), Roberto Azevedo, said on Tuesday.


No class action for unhappy Uber drivers: U.S. appeals court
Date: Tue, 25 Sep 2018 13:55:33 -0400
From feeds.reuters
Uber Technologies Inc won a legal victory on Tuesday as a federal appeals court said drivers seeking to be classified as employees rather than independent contractors must arbitrate their claims individually, and not pursue class-action lawsuits.


Itas Just Dunkina Now. Chain Officially Drops aDonutsa From Its Name
Date: Tue, 25 Sep 2018 18:28:41 +0000
From time.com
Doughnuts are still on the menu, but the company is renaming itself "Dunkin'" to reflect its increasing emphasis on coffee and other drinks


Instagramas Founders Are Leaving. Thatas Really Bad News for Facebook
Date: Tue, 25 Sep 2018 13:14:57 +0000
From time.com
It's another blow in an already dismal year for the social media giant


Instagramas Founders Are Unexpectedly Leaving aTo Explore Our Curiositya
Date: Tue, 25 Sep 2018 11:58:01 +0000
From time.com
The move is a blow to Facebook, which owns Instagram


Just showing up is no longer enough for global brands to win in China
Date: Tue, 25 Sep 2018 22:28:16 EDT
From rss.cnn
Western brands are having to work harder to win over customers in China.


AT&T, fresh off its WarnerMedia deal, unveils new advertising business
Date: Tue, 25 Sep 2018 22:12:55 EDT
From rss.cnn
AT&T introduced a new advertising business on Tuesday that seeks to disrupt Google and Facebook's tight grip on the industry.


Nike shows that its business isn't just Colin Kaepernick
Date: Tue, 25 Sep 2018 19:30:28 EDT
From rss.cnn
Nike wants investors to know that the strength of its business extends beyond Colin Kaepernick.


Facebook is responsible for Instagram now. It better not mess it up
Date: Tue, 25 Sep 2018 17:07:32 EDT
From rss.cnn
Instagram founders Kevin Systrom and Mike Krieger are out. Now the question is what happens to the business they started, and what that will mean for its owner, Facebook.


Is crypto about to turn around?
Date: Tue, 25 Sep 2018 17:12:17 EDT
From rss.cnn
It might be time to believe in crypto again.


Appeals court: Uber can prevent drivers from banding together as a class
Date: Tue, 25 Sep 2018 15:18:09 EDT
From rss.cnn
Read full story for latest details.


Dunkin' Donuts is officially dropping 'Donuts'
Date: Tue, 25 Sep 2018 16:18:21 EDT
From rss.cnn
Just call it Dunkin'.


Twitter wants to crack down on 'dehumanizing language'
Date: Tue, 25 Sep 2018 13:17:15 EDT
From rss.cnn
Twitter wants to weed out dehumanizing language on its platform -- but before it rolls out a policy change, it is asking the public for feedback.


Why investors aren't freaking out about inflation
Date: Tue, 25 Sep 2018 14:47:23 EDT
From rss.cnn
Read full story for latest details.


The Fed has a lot to talk about besides higher interest rates
Date: Tue, 25 Sep 2018 11:36:12 EDT
From rss.cnn
Presidential influence. A trade war with China. Rising interest rates. Recession-proofing of US banks.


Tinder is giving women more control in India
Date: Tue, 25 Sep 2018 11:20:57 EDT
From rss.cnn
Tinder is allowing Indian women to really control the conversation.


Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billion
Date: Tue, 25 Sep 2018 13:39:01 EDT
From rss.cnn
Read full story for latest details.


In your 40s with no retirement savings? Make these your next moves
Date: Tue, 25 Sep 2018 10:21:54 EDT
From rss.cnn
Read full story for latest details.


The newest influencer on Instagram is ... Goldman Sachs?
Date: Tue, 25 Sep 2018 10:01:39 EDT
From rss.cnn
Read full story for latest details.


Michael Kors is buying Versace for $2 billion
Date: Tue, 25 Sep 2018 11:50:00 EDT
From rss.cnn
Read full story for latest details.


Instagram founders out; Nike earnings; Versace on the block
Date: Tue, 25 Sep 2018 04:44:51 EDT
From rss.cnn
1. Instagram founders out: Shares in Facebook were lower in premarket trading after Kevin Systrom and Mike Krieger, the founders of Instagram, announced they will leave the business.


Reliable Sources: Kavanaugh gives unprecedented interview to Fox's Martha MacCallum
Date: Tue, 25 Sep 2018 00:12:47 EDT
From rss.cnn
Read full story for latest details.


Instagram's founders are leaving the company
Date: Tue, 25 Sep 2018 04:42:16 EDT
From rss.cnn
The founders of Instagram have resigned from the business they started eight years ago in San Francisco and built into a global phenomenon used by a billion people.


Nike 'proud' of Kaepernick campaign
Date: Tue, 25 Sep 2018 22:24:55 GMT
From https:
Nike's chief executive says the ads are connecting with buyers around the world, despite US controversy.

What is a 'Canada-style' trade deal?
Date: Tue, 25 Sep 2018 16:38:47 GMT
From https:
Could the Canada-EU trade deal be a model for the UK's relationship with the EU after Brexit?

Ryanair to cancel 190 flights on Friday across Europe
Date: Tue, 25 Sep 2018 14:53:59 GMT
From https:
Unions say Ryanair faces its biggest day of industrial action as they fight for better conditions.

Michael Kors snaps up Versace for $2.1bn
Date: Tue, 25 Sep 2018 12:12:36 GMT
From https:
US fashion firm confirms takeover of the legendary brand founded by Gianni Versace in 1978.

Manchester United revenues hit record of APS590m
Date: Tue, 25 Sep 2018 12:23:39 GMT
From https:
The football club says earnings were boosted by money from TV rights - with more expected next year.

Argentina's central bank boss Luis Caputo quits after three months
Date: Tue, 25 Sep 2018 15:23:31 GMT
From https:
Luis Caputo resigns just three months after being appointed, sparking further falls in the peso.

Santander appoints new chief executive
Date: Tue, 25 Sep 2018 16:50:59 GMT
From https:
One of Europe's biggest banks, Banco Santander, has poached the head of investment banking at UBS to be its next chief executive.

Gwyneth Paltrow brings Goop to the UK
Date: Tue, 25 Sep 2018 15:11:51 GMT
From https:
The controversial lifestyle brand founded by the actress opens a pop-up store in west London.

Qualcomm claims Apple shared tech with Intel
Date: Tue, 25 Sep 2018 16:24:43 GMT
From https:
Qualcomm's complaint is the latest clash between the two global technology giants.

Next warns on Brexit risks as online sales rise
Date: Tue, 25 Sep 2018 10:07:59 GMT
From https:
The clothing retailer highlights Brexit-related risks and remains "cautious" about the outlook.

Instagram founders Systrom and Krieger leaving Facebook-owned firm
Date: Tue, 25 Sep 2018 12:17:52 GMT
From https:
The departure of Kevin Systrom and Mike Krieger is the latest test for parent company Facebook.

Hotpot chain Haidilao on fire ahead of Hong Kong listing
Date: Tue, 25 Sep 2018 10:01:22 GMT
From https:
Beijing-based hotpot restaurant chain Haidilao plans to use the money raised to continue its rapid growth.

Rafale deal: Why French jets are at the centre of an Indian political storm
Date: Tue, 25 Sep 2018 23:34:51 GMT
From https:
Opposition parties want PM Narendra Modi to resign over a multi-billion dollar fighter jet deal.

Hundreds of job losses as drugs firm to close Grimsby site
Date: Tue, 25 Sep 2018 10:12:42 GMT
From https:
Swiss pharmaceutical firm Novartis says Brexit is not to blame for it shutting the Grimsby factory.

Harry Potter-inspired bar: Why millennials are magically mixing their drinks
Date: Tue, 25 Sep 2018 23:06:05 GMT
From https:
At a new Harry Potter-inspired cocktail bar, groups of friends are wrapped in cloaks, waving wands and sipping potions out of smouldering cauldrons.

India's rising smartphone powerhouse
Date: Tue, 25 Sep 2018 23:14:02 GMT
From https:
Samsung has set up the world's largest phone factory in the Indian city of Noida.

Debenhams 'trying to make shopping fun again'
Date: Tue, 25 Sep 2018 11:37:37 GMT
From https:
Chief executive Sergio Bucher says he is convinced the chain has a future as he unveils a new look store.

Will we soon be renting rather than buying our clothes?
Date: Tue, 25 Sep 2018 23:08:04 GMT
From https:
Will we rent clothes in future instead of buying them? Some say the idea is set to go mainstream.

Are themed bars and pubs the future?
Date: Tue, 25 Sep 2018 23:06:12 GMT
From https:
Immersive themed bars and pubs offering consumers experiences are on the rise in the UK.

GOP Sets Committee Vote on Kavanaugh for Friday
Date: Tue, 25 Sep 2018 21:53:15 EDT
From feeds.wsjonline
Under White House pressure, the Senate Republican leadership is moving to expedite the final stages of Judge Brett Kavanaughas nomination to the Supreme Court after Thursdayas planned hearing featuring the woman who has accused him of sexual assault when they were teenagers.


Nike shares down 4% after company's quarterly results
Date: Tue, 25 Sep 2018 20:18:59 GMT
From feeds.marketwatch
Nike shares down 4% after company's quarterly results

U.S. stocks finish mostly lower ahead of Fed's monetary policy decision
Date: Tue, 25 Sep 2018 20:03:50 GMT
From feeds.marketwatch
U.S. stocks finish mostly lower ahead of Fed's monetary policy decision

Square's stock on track for biggest one-day gain in 19 months
Date: Tue, 25 Sep 2018 19:34:46 GMT
From feeds.marketwatch
Square's stock on track for biggest one-day gain in 19 months

Dow industrials sink to Tuesday's lowest level
Date: Tue, 25 Sep 2018 18:54:19 GMT
From feeds.marketwatch
Dow industrials sink to Tuesday's lowest level

Bill Cosby sentenced to 3 to 10 years in state prison
Date: Tue, 25 Sep 2018 18:27:58 GMT
From feeds.marketwatch
Bill Cosby sentenced to 3 to 10 years in state prison

Chinese tech company Viomi soars and then pulls back in post-IPO debut
Date: Tue, 25 Sep 2018 18:19:02 GMT
From feeds.marketwatch
Chinese tech company Viomi soars and then pulls back in post-IPO debut

Dunkin' to remove adonutsa from name and logo
Date: Tue, 25 Sep 2018 18:17:16 GMT
From feeds.marketwatch
Dunkin' to remove adonutsa from name and logo

Fed monetary-policy meeting is now underway
Date: Tue, 25 Sep 2018 18:03:53 GMT
From feeds.marketwatch
Fed monetary-policy meeting is now underway

Google lifts ban on cryptocurrency advertising
Date: Tue, 25 Sep 2018 17:42:21 GMT
From feeds.marketwatch
Google lifts ban on cryptocurrency advertising

Square stock extends run on rollout of payroll product a up nearly 9%
Date: Tue, 25 Sep 2018 17:29:56 GMT
From feeds.marketwatch
Square stock extends run on rollout of payroll product a up nearly 9%

Walt Disney Worldas ticket prices will vary, depending on what date you visit
Date: Tue, 25 Sep 2018 19:49:45 -0500
From feeds.marketwatch
The move is meant to better distribute attendance throughout the year.


How Weight Watchersa skinnier name could fatten its customer base
Date: Tue, 25 Sep 2018 19:49:11 -0500
From feeds.marketwatch
Consumers view awellnessa as a journeyaone where they drink powdered protein shakes along the way.


This D.C. lawyer is suing his former girlfriend for the return of a $100,000 engagement ring
Date: Tue, 25 Sep 2018 18:08:31 -0500
From feeds.marketwatch
Ryan Strasser alleges that his former girlfriend insisted that his original budget of $40,000 was not enough.


Personal Finance Daily: How Weight Watchersa skinnier name could fatten its customer base and what homeowners insurance actually covers
Date: Tue, 25 Sep 2018 17:11:08 -0500
From feeds.marketwatch
Tuesdayas top personal finance stories


The Margin: 10 apoor manas habitsa that anyone looking to save a buck could probably use
Date: Tue, 25 Sep 2018 17:02:43 -0500
From feeds.marketwatch
Pope Francis on Tuesday urged a group of young adults in Estonia not to be a aslave to consumerism.a You know, live within your means, forget the latest iPhone, brew your own cup of joe and leave that Louis Vuitton handbag for some other sucker. But itas not just the pope preaching the art of frugality this week.


Instagram founders leave the company, but are Facebookas privacy struggles to blame?
Date: Tue, 25 Sep 2018 16:18:51 -0500
From feeds.marketwatch
The Instagram co-founders said they are taking time off to explore their acuriosity and creativity again.a


The Moneyist: My parents spent $1 million on my brotherahow can I stop him from taking their estate?
Date: Tue, 25 Sep 2018 15:44:45 -0500
From feeds.marketwatch
aAll of the potential scenarios for my parentsa estate seem to benefit my brother in some way.a


Home insurance covers damage from a volcano, but not a flood
Date: Tue, 25 Sep 2018 15:34:12 -0500
From feeds.marketwatch
Hurricane Florence caused between $20 billion and $30 billion in losses to commercial and residential properties.


Deep Dive: Fast-growing chip makers are selling for a discount after Trump tariff announcement
Date: Tue, 25 Sep 2018 14:21:17 -0500
From feeds.marketwatch
Semiconductor stocks are being hurt in the short term, but if you take a long-term view, you have the chance to outperform benchmark indexes.


Elizabeth Warren proposes legislation for affordable housing crisis
Date: Tue, 25 Sep 2018 13:42:55 -0500
From feeds.marketwatch
Massachusetts Senator Elizabeth Warren on Tuesday introduced legislation to address the affordable housing gap. The bill, called the American Housing and Economic Mobility Act, would direct about $500 billion, primarily to build and rehabilitate housing for low- and moderate-income Americans. It would also create incentives for local governments to eliminate land use restrictions that drive up costs. It would also steer down payment assistance monies to communities historically denied mortgages by the government - people living in formerly redlined or officially segregated areas. And it would invest $2 billion "to support borrowers" who owe more in a mortgage than their homes are worth. If passed, the bill is projected to create 3.2 million new housing units and reduce rents by 10%, according to an independent analysis from Moody's Analytics. Warren proposes to pay for the policies by increasing the estate tax back to Bush-era levels.