Economy

Suspected meth lab found under parking lot of NY Wal-Mart

Police believe the suspects were entering the underground area through an open culvert that is on the side of the Walmart. Amherst Police say they found the suspected meth lab in a culvert big enough for someone to stand in on a routine patrol.

Key Takeaways From Time Warner's (TWX) Earnings Report

Time Warner's second-quarter profit topped Wall Street's view. Hulu's new livestreaming service is set to launch early next year . With this stake acquisition, several of Time Warner's channels including TBS , CNN , Turner Classic Movies, TruTV, Adult Swim , Cartoon Network and Boomerang could receive live streaming options on Hulu services.

North Korea fires ballistic missile

The Rodong intermediate-range ballistic missiles were launched near the western North Korean city of Hwangju. The U.S. Strategic Command said initial indications were that a second missile exploded immediately after launch. China's ambassador to the United Nations has reiterated Beijing's stance that anything that raises tensions on the Korean peninsula will not be allowed.

Two dead as flood tears through Maryland downtown

Just over 6 inches of rain was recorded in the area Saturday. Ed Crowl, owner of Wagon Wheel Antique Shop on Tiber Alley, said he has been through Agnes and other flooding in the town, including in 2011, and was "sort of calm now, because it's happened before".

21-year of Yahoo era loses independence to Verizon

The two brands will be rolled into the same operation. Verizon chairman and chief executive Lowell McAdam said: "Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertisers".

Wall St little changed as investors assess earnings

In 2.55pm trading in NY, the Dow Jones Industrial Average fell 0.3 percent. The S&P 500 .SPX was down 1.08 points, or 0.05 percent, at 2,167.4. McDonald's shares dropped 3.4 per cent to $123, after the restaurant chain's comparable sales missed analysts' expectations.

Seeking wider digital audience, Verizon buys Yahoo for $4.8B

Those investments, made more than a decade ago, are worth more than $40 billion before taxes, making them by far the most valuable pieces of Yahoo . Over the next four years, Yahoo churned through four CEOs - Jerry Yang, Carol Bartz, Scott Thompson and Ross Levinsohn - before it settled on Marissa Mayer, a former Google executive.

Interest rate cuts signalled by Reserve Bank because of high Kiwi dollar

Meanwhile, the Reserve Bank said the exchange rate, on an trade-weighted basis, was 6 per cent higher than it expected back in June, adding pressure to the dairy and manufacturing sectors and holding down inflation. Since easing in May, the RBA has quietly left the door open to a further move without committing to anything. "The domestic economy remains in reasonable shape, supported by population growth, construction, tourism and low interest rates".

Rates increasing for Californians enrolled in Covered California

The rate spikes come after a four percent or more average increase in both 2015 and 2016, leading to a three year average increase of seven percent. Covered California officials defended the system Tuesday, saying that the competition between insurers offering coverage on the exchange was working to keep rates lower than they otherwise would be.

Corbyn backer switches allegiance to challenger Owen Smith

Corbynistas - says it is his fans that elected him that count and not the bulk of his elected members of parliament who want to topple him. Labour Party leader Jeremy Corbyn on Tuesday won a key battle against rebels hoping to wrest control of Britain's main opposition party.

Big 12 moves toward expansion, will evaluate candidates

In other words, Boren's message from the Big 12 is that it doesn't care how much the networks might hate paying out $60-120 million more per year on a conference that few view as having any long-term future, but there won't be any choice if the Board of Directors decides to expand.

Democratic "Unity" on Edge as Progressives Await Clinton's VP Pick

The decision, wedged between the two parties' national conventions, will offer insight not only into the Democratic nominee's game plan against Trump, but will also highlight how Clinton plans on appealing to undecided voters as well as the factions of her own party that are not convinced they're ready to support her.

Unilever agrees to acquire Dollar Shave Club for $1bn

Dollar Shave Club focused on selling disposable blades that cost between $1 and $9 a month, and saved shoppers a trip to the store. Venture Capitalist David Pakman with Venrock , one of Dollar Shave Club's biggest investors, joined "Power Lunch" this afternoon to discuss the transaction and its implications.

Monsanto said to revive talks with BASF on Bayer alternative

Furthermore, the company assured a $1.5 billion reverse antitrust break fee, in case the deal does not close successfully. Bayer AG said Thursday July 14, 2016 that the revised all-cash offer follows several weeks of private talks with Monsanto .

GM not protected from ignition switch claims: US appeals court

The ruling is a major victory for a class of millions of owners of GM-branded vehicles in the ignition switch multi-district litigation , claiming that the automaker's series of recalls and cover-ups irrevocably damaged GM's brand and led to significant loss of vehicle value.

Daily Ratings & News for Teva Pharmaceutical Industries Ltd

Generic drug company Teva Pharmaceutical Industries rose 6 percent after it gave strong projections for the second quarter and gets closer to completing a $40.5 billion deal for Allergan's generic drug business. Teva Pharmaceutical Industries Ltd (NYSE:TEVA) traded up 3.93% on Wednesday, reaching $54.52. Mizuho reiterated a buy rating and issued a $75.00 price objective (down previously from $78.00) on shares of Teva Pharmaceutical Industries in a report on Sunday, May 8th.

US says oil inventories declined but not as much expected

Unforeseen events such as the wildfire in Alberta and terrorist activities in Niger Delta reduced supply a little and helped push the rebound forward. The WTI contract continues to exhibit a significant correlation with stock prices, hinting that crude oil prices may rise in a risk-on environment.

Delta plane charted for Rapid City lands at wrong airport

Central Time Thursday, when its destination was an airport in Rapid City. A spokeswoman for Rapid City Regional Airport, meanwhile, deflected all questions to Delta and said , "It's not an airport issue". Delta spokesman Morgan Durrant declined to offer any explanation of how the mistake happened and said the official explanation will arise from the investigation.

Super-Typhoon cruising toward Taiwan and China

Nepartak is now a Tropical Storm about 265 miles south of Guam. Chinese officials are hoping that Nepartak will slowdown while it crosses Taiwan. Flooding rainfall will accompany Nepartak along its path. Tropical storm Nepartak is approaching fast and could affect northeastern Taiwan and coastal areas of Fujian and Zhejiang as early as Thursday (July 7th), the the Central Meteorological Observatory reported on Monday.

Centre claiming AAP govt's achievements as its own: Arvind Kejriwal

Gulab Singh Yadav, Delhi's AAP MLA and party in-charge for Gujarat, on Wednesday, claimed that the BJP was "scared" of Kejriwal and had threatened the organisers, Vividh Vepari Mahamandal (VVM), Surat, with "consequences" if they went ahead with the July 10 event.

China's Asian Infrastructure Bank Considering Local Bond Sale

The Board of Directors approved the loans on Friday within six months of the Bank's journey. Three of the four projects are co-financing operations with multilateral development bank partners, said the AIIB statement. The UK was among the 57 founding members of the Beijing-based development bank which officially started operations in January with US$100bn in capital.

Democrats stage sit-in to protest for gun control laws following Orlando

His action came almost 16 hours after Democrats rebelled over a lack of action on gun-control legislation by staging a 1960s-style sit-in on the House floor. "We have been too quiet for too long", Lewis said at the start of the sit-in, according to NBC News . Lewis, 76, perhaps the most prominent of the 1960s-era civil rights leaders still alive, is sometimes called the "conscience of the U.S.

Solar-powered plane lands in Spain

The trans-Atlantic flight was the 15 leg of the plane's historic round-the-world journey. That record-breaking flight damaged the plane's battery. "Good morning Seville! Do you have a lot of direct flights from NYC?" he tweeted with a wink shortly before coming in to land, when he was treated to a surprise acrobatic display put on by the Spanish air force.

California's last nuclear power plant to close

The Diablo Canyon reactors employ 1,400 people . Subsequently, International Brotherhood of Electrical Workers Local 1245, Coalition of California Utility Employees, Environment California and Alliance for Nuclear Responsibility partnered in reaching the final agreement.

Wal-Mart to eliminate 1500 back-office jobs at US stores

The affected stores are located on the West Coast, The Wall Street Journal reported . "Net net, we like these developments and see them as part of increasing focus on quality (versus quantity) of Wal-Mart operations", said analyst David Schick from Stifel Nicolaus earlier this year.