• The iPhone 7 won't sell well in China, IDC predicts
The iPhone 7 won't sell well in China, IDC predicts

The 16GB iPhone 6s was priced at Rs. 62,000 at launch and had a difference of Rs. 10,000 between higher storage variants. But at least we got to wear Apple's new wireless headphones for a little while, so we have some initial impressions of the $159 pair that Apple is going to be pushing hard at iPhone 7 and iPhone 7 Plus owners.

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  • Hanjin Faces Court Receivership
Hanjin Faces Court Receivership

Hanjin Shipping , with 151 container and bulk ships in its fleet, including 59 it owns, handles 56 percent of Samsung's electronic device shipments from Korea to the Americas and 23 percent of LG Electronics' appliances. A day after lenders pulled their support for Hanjin Shipping the company said it would file for receivership. Hanjin Shipping ...

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  • Key ruling on Dakota Access pipeline due by end of Friday
Key ruling on Dakota Access pipeline due by end of Friday

The local tribe says it was railroaded by the pipeline's developer and the US Army Corps of Engineers, the governmental body responsible for approving construction under the river. A federal judge will rule Friday on the legality of the Dakota Access Pipeline. The Standing Rock Sioux says the route goes right through burial grounds, and pipelin...

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  • Dollar strengthens to ¥102.40 in Tokyo
Dollar strengthens to ¥102.40 in Tokyo

Mondelez International Inc. climbed 3.2 per cent in early NY trading after saying it's walking away from takeover discussions with Hershey Co. two months after its US$23-billion bid was rejected by the chocolate maker. This is the sharpest advance in a day from July 12. The Fed is "likely to tighten in September, at least as long as the jobs numb...

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  • Half of South Korean shipping company's container fleet denied port access
Half of South Korean shipping company's container fleet denied port access

The trade organization forecasts that major US retail container ports will handle 1.61 million Twenty-Foot Equivalent Units this month, down 0.6% from the same month a year ago, and said that "all parties" must work together to ensure that cargo gets onto retail warehouses and store shelves as intended.

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  • Applications for Unemployment Benefits Slipped Last Week
Applications for Unemployment Benefits Slipped Last Week

The health of the USA jobs market is a key factor in U.S. policymakers' decisions concerning interest rates, which are due to be reviewed later this month. The labor department reported Wednesday that job openings are up, but hiring isn't keeping up - this could indicate employers are struggling to find qualified workers.

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  • Global shares rise as US jobs report stokes low rate hopes
Global shares rise as US jobs report stokes low rate hopes

He says December is most likely when the Fed will increase its rate by 25 basis points (bringing its key lending rate to 0.5%), and the market is already pricing that into trading. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, fell to lows of 94.68, the weakest since August 2...

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  • ECB's Draghi Keeps Monetary Policy on Hold, Increases Pressure for Fiscal Action
ECB's Draghi Keeps Monetary Policy on Hold, Increases Pressure for Fiscal Action

Pearson (London Stock Exchange: PSON-GB) finished at the bottom of the index, with its shares down around 7.5 percent after its USA peer, John Wiley & Sons, reported a fall in earnings and revenue in its fiscal first quarter. The euro was worth $1.1239 late Wednesday in NY. Southwestern Energy jumped 6 percent. "Not getting what is expected is al...

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  • Apple says several billion dollars set aside for US taxes
Apple says several billion dollars set aside for US taxes

The EU's antitrust regulator Tuesday demanded that Ireland recoup roughly €13 billion in taxes from Apple , alleging that arrangements the government offered the company in 1991 and 2007 allowed it to pay around 1% to nearly zero tax on its European profits between 2003 and 2014.

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  • Why Johnson Controls, Inc
Why Johnson Controls, Inc

The newly-formed Johnson Controls PLC, which has its operational headquarters in Glendale and Milwaukee began operations Tuesday, September 6th. Company is -26.47% away from its 52 week high and is moving 23.14% ahead of its 52 week low. Analysts anticipate that Johnson Controls will post $3.96 earnings per share for the current year. The new c...

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  • Oil minister: Iran backs OPEC moves geared toward stability
Oil minister: Iran backs OPEC moves geared toward stability

Heading a parliamentary delegation, Bartolone arrived in Tehran Sept. 6 to discuss global and regional issues as well as bilateral ties with Iranian officials. If production is stabilised at early-2015 levels, it would effectively mean a cut as most producers - including Saudi Arabia, Russia, Iraq and Iran - have ramped up output since then.

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  • US Coast Guard searches for cruise ship passenger in Bahamas
US Coast Guard searches for cruise ship passenger in Bahamas

Her identity has not yet been released. Both ships will be powered by Liquefied Natural Gas under Carnival Corp.'s exclusive "green cruising" design and will mark the first time an LNG-powered cruise ship is based in North America. The ship was en route from Nassau, Bahamas , to Charleston, South Carolina. The Coast Guard has sent multiple crews...

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  • US services firms register slowest growth since 2010
US services firms register slowest growth since 2010

The ISM's non-manufacturing index slumped to 51.4, the lowest since February 2010, from 55.5 in July, the Tempe, Arizona-based group reported. The drop in the index was bigger than economists had expected. Growth might still be strong. Ian Shepherdson, chief economist at Pantheon Macroeconomics Ltd., said the report looks like a "fluke". The US...

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  • Carlson settles lawsuit against Ailes for $20 million
Carlson settles lawsuit against Ailes for $20 million

Fox reportedly gets something out of the deal: Carlson agreed not to pursue any future legal action against other network executives or the company as whole, Vanity Fair reported . Fox News said her departure "had nothing to do" with Fox's legal settlement with Carlson. According to a spokeswoman at the magazine, Ailes's lawyer have asked t...

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  • British Airways computer glitch causes big delays at multiple airports
British Airways computer glitch causes big delays at multiple airports

Long queues formed at BA's two main London hubs, Gatwick and Heathrow, while passengers have also been reporting problems across Britain, Europe, and the US. London City Airport, which serves close to 12,000 passengers a day, announced shortly after midday that the runway had reopened and that flights were resuming.

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  • At least 247 killed during 6.2 magnitude natural disaster in Italy
At least 247 killed during 6.2 magnitude natural disaster in Italy

The aftermath of the deadly 6.2-magniture quake that devastated central Italy has caused further tragedy, as the hard-hit areas of Amatrice, Accumoli and Pescara del Tronto were riddled with hundreds of aftershocks, with some coming as late as Thursday.

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  • Seahawks' Lane says he will continue to sit for anthem
Seahawks' Lane says he will continue to sit for anthem

Kaepernick has named police brutality and racial injustice among the reasons for his silent protest and indicated that he will keep it up during the regular season that begins September 12 with a game against the Los Angeles Rams. At least two other NFL players have joined his protest against discrimination toward African Americans, as has United S...

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  • Hermine ruins beach weekend as it makes way up East Coast
Hermine ruins beach weekend as it makes way up East Coast

Now considered a post-tropical cyclone, Hermine's top sustained winds remained at 65 miles per hour this morning, as it moved east-northeast at 13 miles per hour. Coastal communities could still suffer beach erosion as the storm surges at high tides, officials said. Forecasters expected Hermine to stall over the water before weakening again t...

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  • The explosive recall of Samsung's Note 7
The explosive recall of Samsung's Note 7

Following reports in the US and South Korea of the phone exploding during or after charging, Samsung said in a statement that they will voluntarily replace their current device with a new one over the coming weeks. It was believed that Samsung already sold 2.5 million of the Galaxy Note 7 . Samsung's investigation had been underway after media r...

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  • Duterte declares 'state of lawlessness' after bomb kills 14
Duterte declares 'state of lawlessness' after bomb kills 14

At least 14 people have been killed and dozens hurt in an explosion at a night market in Davao City in the Philippines, according to the Philippines News Agency , quoting a police official. President Rodrigo Duterte was not near the scene of the blast when it happened. Duterte's Communications Secretary Martin Andanar said the president wo...

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