• Markets Right Now: Dow, Russell at new highs as stocks gain
Markets Right Now: Dow, Russell at new highs as stocks gain

The S&P 500 .SPX was up 0.27 points, or 0.01 percent, at 2,204.98 and the Nasdaq Composite .IXIC was up 2.13 points, or 0.04 percent, at 5,311.02. ENERGY: Benchmark U.S. crude lost $1.16, or 2.3 percent, to $49.77 a barrel in NY. In Europe, Italy's stock market jumped 4.2 percent, a day after slipping in the wake of the failure of a constitut...

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  • Trump says he'll 'bring down drug prices'; biotech stocks fall
Trump says he'll 'bring down drug prices'; biotech stocks fall

Trump on Tuesday called for scrapping Boeing's deal to deliver a new pair of Air Force One jets by 2014 because of what he said were excessive costs. But the health platform on his transition website doesn't specifically address ways to lower drug costs. The president-elect did not elaborate on his strategy to bring prices down in the Time a...

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  • Thousands of snow geese die after landing in toxic Montana mine pit
Thousands of snow geese die after landing in toxic Montana mine pit

The Berkeley Pit, an abandoned open pit copper mine in Butte, Montana-part of the largest Superfund site in the USA -is filled with 40 billion gallons of acidic , metal-contaminated water. The Environmental Protection Agency (EPA) is expected to review whether there was any negligence on the part of the company that could have been a contributin...

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  • Carrier still may move 500 jobs to Mexico after Trump deal
Carrier still may move 500 jobs to Mexico after Trump deal

Trump's determination to prevent the exportation of U.S.jobs to Mexico and elsewhere is laudable. The numbers are a bit different from last week's big announcement. "We're going to have a lot of phone calls to companies that say they're thinking about leaving this country, because they're not leaving this country", Trump said December 1 at the Carr...

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  • Trump says new Air Force One too costly: 'Cancel order!'
Trump says new Air Force One too costly: 'Cancel order!'

Boeing plans to replace the two aging 747-200 aircraft that serve as Air Force One with two new, modified 747-8 planes. Boeing has not yet begun building the two replacements for the current Air Force One planes, which are scheduled to be in service by the 2024 fiscal year, and it was not clear what Trump's source of information was for the cost....

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  • Italy's Renzi resigns after crushing referendum defeat
Italy's Renzi resigns after crushing referendum defeat

He was backed by industrialists and the referendum defeat will come as a big blow to establishment institutions. Grillo called for new elections as soon as possible, a move that would benefit him. GettyHow could the Italian referendum affect Britain's exit from the EU? In a further barrier to any Five Star takeover of government, Italy's mainst...

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  • Rohingyas grateful to Najib for defending them
Rohingyas grateful to Najib for defending them

Journalists have been prevented from visiting the area. He is also calling on neighboring countries, such as Muslim-majority Malaysia and Indonesia, to resist the urge to stage protests that could further stir religious passions. 4, 2016. "The world can not just sit by and watch genocide taking place". "Mapim is compiling evidence with the help o...

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  • Italy's Constitutional Reform Referendum Not to Put EU Economy at Risk - FM
Italy's Constitutional Reform Referendum Not to Put EU Economy at Risk - FM

London-based weekly The Economist on Thursday came out in favour of the "No" camp in Italy's upcoming constitutional referendum, arguing in favour of a technocratic government to introduce different reforms after the vote. "If the "Yes" wins, I don't see why we shouldn't use the time available between now and the natural end of the legislature in 2...

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  • Iran Welcomes OPEC Production-Cut Decision
Iran Welcomes OPEC Production-Cut Decision

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week's OPEC-Russia accord on cutting output giving way to questions on the "sticking point" of implementing the deal.

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  • Economists forecast economy added 181000 jobs
Economists forecast economy added 181000 jobs

Job gains have slowed from an average of 229,000 per month in 2015 to an average of 180,000 this year as the labour market nears full employment . "The economy is close to full employment, and the FOMC wants to start gradually raising interest rates before the economy reaches full employment".

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  • Oil prices fall over doubts of planned crude output cut
Oil prices fall over doubts of planned crude output cut

The rise in the global crude oil supply will pressure crude oil prices. Earlier this month, OPEC's biggest producer Saudi Arabia offered to cut its output by 500,000 barrels per day (bpd). Still, when asked if Saudi Arabia was planning to keep its output at current high levels (10.6 million bpd in November), Al-Falih declined to give a straight...

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  • Dollar exchange rate hike fears, outflow of funds suppress Indian equities
Dollar exchange rate hike fears, outflow of funds suppress Indian equities

As a result, the sensex on Monday closed at 25,765, down 385 points, while nifty closed 145 points lower at 7,929. The two benchmark equity indices-the Nifty 50 and the S&P BSE Sensex-fell on each trading day since the demonetization except for November 10 and November 22.

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  • Jefferies Group has upgraded the stock of UnitedHealth Group Inc. (NYSE:UNH)
Jefferies Group has upgraded the stock of UnitedHealth Group Inc. (NYSE:UNH)

First American National Bank & Trust last reported 0.11% of its portfolio in the stock. Asterias Biotherapeutics, Inc. (NYSE:AST) traded 245961 shares and its share price moved down -5.21% to close at $4.55. The firm earned $46.30 billion during the quarter, compared to the consensus estimate of $46.09 billion. According to Finviz reported data, ...

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  • Israeli military kills 4 IS militants in Syria after ambush
Israeli military kills 4 IS militants in Syria after ambush

No Israeli soldiers were injured. Israel Defence Force spokesman, Lieutenant Colonel Peter Lerner , said the soldiers were from the Golani Brigade. It was believed to be the first direct assault by IS on Israeli troops in the Golan since Syria's civil war began. "We are well prepared on our northern frontier, we will not allow Islamic State...

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  • Tata Sons reaches out to domestic, foreign investors
Tata Sons reaches out to domestic, foreign investors

Wadia, who has also been at loggerheads with the Tata Group over his support to Mistry, said that he too "intends to make both written and oral representation to the shareholders in respect of his removal". Tata Sons holds 26.51 per cent stake in Tata Motors. "The company will in terms of Section 169 (4) of the Companies Act, 2013, subject to the p...

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  • Central Bank exec says Greece needs debt relief
Central Bank exec says Greece needs debt relief

But first, Moscovici said on a two-day visit to Athens , the Greek government had to complete an ongoing audit of its latest fiscal reforms to enable a "package deal" on further structural changes and debt talks. The IMF says the goals are unrealistic and Athens wants them to be lowered. But on Tuesday, the chair of the Eurogroup of euro zone fi...

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  • Norwegian vies with Russian at World Chess Championship
Norwegian vies with Russian at World Chess Championship

Norway, on the other hand, would look to strengthen their hold in the world of Chess with Carlsen's second successful title defense. The Russian was, thus, in a must-win situation in the fourth rapid game. The match , with sponsors including EG Capital Investors and Russian fertilizer company PhosAgro that competes against Norway's own Yara, h...

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  • FEAKES: It's everyone's duty to stop gender violence
FEAKES: It's everyone's duty to stop gender violence

It is estimated that one woman in every three will be sexually or physically abused in her lifetime. According to a report "Anveshi 2016" published today, violence against women is more prevalent in Tarai than in other regions. As policy-makers, we bear the greatest responsibility to protect women and raise awareness: the European Union has p...

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  • Mortgage, savings rates rise despite Official Cash Rate cut
Mortgage, savings rates rise despite Official Cash Rate cut

In addition to servicing mortgages that they originate and continue to hold on their balance sheet, each of these banks also service a sizable portfolio of third-party mortgages. Higher mortgage rates will slow the pace of housing starts to about 1.26 million. The impact on home buying may be less clear-cut, but some buyers have rushed to lock i...

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