Business

“North Korea’s air defenses are not great,” said Ian Williams, associate director of the Missile Defense Project at the Center for Strategic and International Studies, a Washington-based think tank. “That’s actually one area of missile technology where they haven’t made huge advances in the past few years.” Analysts told CNBC the North’s new KN-06 surface-to-air
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Drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of disappointing news on its drug development pipeline. Allergan shares have fallen by around a fifth in value since late July but were up nearly 4 percent in morning trading on Monday. The company
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There’s a domestic dairy glut that’s so bad it’s led some American farmers to spill milk. National milk production is increasing faster than the processing capacity. Another challenge facing the industry is total per capita consumption of fluid milk has been steadily falling for some time because of competition from other beverages and because the
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Orville Redenbacher’s popcorn owner, Conagra Brands, is acquiring Angie’s Artisan treats, maker of Angie’s Boomchickapop popcorn, the company announced Friday. “Adding the Angie’s Boomchickapop brand to Conagra’s portfolio is another important step in our ongoing plan to modernize our portfolio and accelerate growth,” CEO Sean Connolly said in a statement. The deal was first reported
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Finish Line shares rebounded Friday after tumbling more than 11 percent at one point in early trading. The athletic footwear market became “much more promotional” in July and August, which pressured the retailer’s second-quarter sales and gross margins, CEO Sam Sato told analysts and investors Friday. He said he expects Finish Line’s sales and margin
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Check out which companies are making headlines before the bell: T-Mobile — T-Mobile is close to agreeing to tentative terms on a deal to merge with its telecom peer, Sprint, Reuters reported on Friday. Japan’s SoftBank, which controls Sprint, would reportedly own between 40 to 50 percent of the combined company. A deal is expected
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London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. “Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which
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Tesla will discontinue its cheapest Model S, the rear-wheel-drive 75, on Sunday. Business Insider first reported the news, which Tesla later confirmed to CNBC. Tesla first announced in July that it would discontinue the rear-wheel model. The company is shifting to an all-wheel-drive lineup for the Model S to simplify its product offering. The Model
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Map courtesy of Stratfor. President Xi Jinping’s administration’s use of military retaliation is “a worrying escalation” and could result in further pressure on future business dealings, said Hugo Brennan, Asia analyst at Verisk Maplecroft, in a Wednesday note. Companies that have interests or operations in blocks licensed by Southeast Asian governments but located within China-claimed
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“What I feel, talking to Rex Tillerson, is that this is the position of the administration, that they are not happy with the current state of relations, and we are not happy at all,” he said. Lavrov said it would be “quite useful” for Trump and Putin to meet again in November during an Asian-Pacific
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Shares of FedEx fell in extended trading after the company lowered its fiscal 2018 forecast on Tuesday. The shipping giant said it now expects earnings between $11.05 and $11.85 per share, below its previous projection for earnings between $12 and $12.80 per share. The company said it adjusted its outlook to account for the impact
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Today, megacities have become synonymous with economic growth. In both developing and developed countries, cities with populations of 10 million or more account for one-third to one-half of their gross domestic product. Many analysts and policymakers think this trend is here to stay. The rise of big data analytics and mobile technology should spur development,
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Jackson Palmer no longer thinks it’s funny to imitate Doge, the internet meme about a Shiba Inu dog whose awe-struck expressions and garbled syntax (e.g. “Wow. So pizza. Much delicious.”) made him a viral sensation several years ago. But if he did, he might channel Doge to offer a few cautionary words for investors who
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MANAN VATSYAYANA / AFP / Getty Images Mercedes’s pit-crew changes the tyres of British driver Lewis Hamilton’s car during the second practice session of the Formula One Singapore Grand Prix night race on September 15, 2017. Data coming from the cars racing around the island-nation’s city-center will go through engine control units that Rhodes’ firm
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Alphabet Inc.’s Google said it had disabled a “majority” of the offensive keywords that BuzzFeed found could be used by advertisers to target people searching for racist and anti-Semitic topics. Google, the world’s biggest advertising platform, not only allowed advertisers to target searches such as “Why do Jews ruin everything” but also suggested the user
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