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Valeant and Dollar Tree Are Big Market Movers

Tuesday, 01 September 2015 16:06 Written by
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Valeant Pharmaceuticals International Inc., down $6.55 to $224.05 The drug developer is buying rights to AstraZeneca's psoriasis drug brodalumab, which is in late-stage development. Whirlpool Corp., down $7.90 to $160.20 The appliance maker offered to buy Aga Rangemaster, opening up a potential bidding contest with rival Middleby Corp. Hilton Worldwide Holdings Inc., down 73 cents…
US Lowers Estimate of Takata Air Bags Needing Repairs
Tuesday, 01 September 2015 15:55 Written by
Federal regulators have lowered their estimate of potentially defective Takata Corp. air bags on U.S. roads. The National Highway Traffic Safety Administration says approximately 23.4 million driver and passenger air bag inflators on 19.2 million vehicles are being recalled and need to be replaced. That's lower than its initial estimate of 34 million inflators. The agency says some air bags from multiple recalls were counted twice. Takata also included some air bags sold overseas in…
Uber drivers granted class action status in lawsuit over tips
Tuesday, 01 September 2015 15:53 Written by
SAN FRANCISCO A U.S. judge said on Tuesday Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, part of a case that could have wide implications for the sharing economy. Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled to reimbursement for expenses, including gas and vehicle maintenance. The drivers currently pay those costs themselves. (Reporting by Dan…
Tennessee man, 76, charged with killing wife over church tithe money
Tuesday, 01 September 2015 15:42 Written by
NASHVILLE, Tenn. A 76-year-old Tennessee man was charged with first-degree murder after fatally shooting his wife because he thought she had stolen and hidden money he planned to tithe to his church, law enforcement officials said on Tuesday. Norman McKinney of Erwin, Tennessee, in the eastern part of the state, had been charged with attempted murder on Monday, the day after he was arrested by the sheriff's department after shooting his wife, Unicoi County Sheriff's…
U.S. judge gives Uber drivers class action status
Tuesday, 01 September 2015 15:28 Written by
SAN FRANCISCO A U.S. judge said on Tuesday Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, part of a case that could have wide implications for the sharing economy. Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled to reimbursement for expenses, including gas and vehicle maintenance. The drivers currently pay those costs themselves. (Reporting by Dan…
Los Angeles named U.S. bid candidate for 2024 Olympic Games
Tuesday, 01 September 2015 15:22 Written by
LOS ANGELES The Los Angeles City Council was expected to vote on Tuesday on whether to pursue a bid to bring the Summer Games to town in 2024 and potentially become the only city besides London ever to host the Olympics three times. Mayor Eric Garcetti is solidly behind the campaign to host the 2024 Olympics, as is most of the city's business establishment, but some council members have raised concerns that Los Angeles could…
US Stocks Plunge After Bleak Chinese Manufacturing Report
Tuesday, 01 September 2015 15:19 Written by
More signs of weakness in China's economy are sending stocks and the price of oil sharply lower. The swoon Tuesday comes a day after U.S. stocks closed out their worst month in more than three years. The Dow Jones industrial average fell 335 points, or 2 percent, to 16,193 as of noon Eastern time. The Standard & Poor's 500 fell 37 points, or 1.9 percent, to 1,935. The Nasdaq slid 73 points, or 1.5 percent,…
Dow Falls Again Due to Worries About China
Tuesday, 01 September 2015 15:19 Written by
Following more bad news from China, U.S. stocks had another bad day as investors remain jittery over a slowdown in the world's second-largest economy. A report in China said manufacturing in that country fell to a three-year low last month. The Shanghai Composite Index closed down today 1.2 percent. American investors fear that an economic slowdown in China will affect U.S. exports to that nation. US Stocks Fall Sharply on Bleak Chinese Manufacturing Report
U.S. says 19.2 million U.S. vehicles have defective Takata air bags
Tuesday, 01 September 2015 15:16 Written by
DETROIT U.S. safety regulators said on Tuesday that 19.2 million vehicles in the United States still have defective Takata Corp (7312.T) air bag inflators. About 4 million of those vehicles have defective air bag inflators made by Takata on both the driver and passenger sides of the vehicle, according to an official from the National Highway Traffic Safety Administration (NHTSA) In total, an estimated 23.4 million defective air bag inflators from Takata remain in U.S.
Los Angeles named U.S. bid candidate for 2024 Games
Tuesday, 01 September 2015 15:16 Written by
LOS ANGELES The Los Angeles City Council was expected to vote on Tuesday on whether to pursue a bid to bring the Summer Games to town in 2024 and potentially become the only city besides London ever to host the Olympics three times. Mayor Eric Garcetti is solidly behind the campaign to host the 2024 Olympics, as is most of the city's business establishment, but some council members have raised concerns that Los Angeles could…

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