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MSNBC Business News
Hershey Snubs Mondelez, Rejects $23 Billion Takeover Bid
Fri, 01 Jul 2016 10:26:12 GMT
Hershey said it had rejected a $23 billion takeover bid by Mondelez that would have created the world's largest confectioner.
Flour Recall Widens After 4 More People Get Sick
Fri, 01 Jul 2016 21:15:02 GMT
Federal health officials widened an already big recall of flour after four more people got sick from E. coli food poisoning linked to the flour.
San Francisco Officially Decrees Itself a No-Foam Zone
Fri, 01 Jul 2016 19:35:00 GMT
Lawmakers hope that the ban will keep people from using these products entirely.
What You Need to Know about the July Fourth Travel Crush
Fri, 01 Jul 2016 12:35:00 GMT
TODAY's Dylan Dreyer pinpoints potential trouble spots where traveling will be toughest.
What to Know About Workers Strike at Trump Taj Mahal
Fri, 01 Jul 2016 11:08:00 GMT
The Atlantic City casino workers went on strike Friday morning, with the main dispute being the termination of health insurance and pension benefits.
China Flatlines as European Factories See Uptick
Fri, 01 Jul 2016 10:15:00 GMT
Factories across Europe enjoyed a buoyant month in June but that growth could be under threat after Britons voted to leave the European Union.
Fourth of July Travel: When (and When Not) to Hit Road
Fri, 01 Jul 2016 09:22:11 GMT
Millions of people are set to hit the road this holiday weekend. TODAY's Dylan Dreyer looks at the best time to leave, and how to avoid gridlock.
U.S. Opens Tesla Probe After Fatal Crash in 'Autopilot'
Fri, 01 Jul 2016 01:15:00 GMT
NHTSA said preliminary reports indicate the vehicle crash occurred when a tractor-trailer made a left turn in front of the Tesla at an intersection.
Apple in Talks to Acquire Jay Z's Tidal: Report
Thu, 30 Jun 2016 23:26:00 GMT
Apple declined to comment. A Tidal spokesman denied that Tidal executives had held talks with Apple.
5 Ways to Get Your Ex's Social Security Benefits
Thu, 30 Jun 2016 20:38:00 GMT
Even if you are divorced, you may be entitled to up to half of your ex-spouse's full Social Security benefit if it is higher than your own.
300K Honda Vehicles 'Unsafe,' Need Airbag Fix: Regulators
Thu, 30 Jun 2016 17:58:00 GMT
U.S. auto safety regulators warned that Takata inflators on more than 300,000 unrepaired recalled Honda vehicles show a substantial risk of rupturing.
1,109-Carat Diamond Flops at London Auction
Thu, 30 Jun 2016 17:40:00 GMT
A tennis ball-size diamond failed to sell at a Sotheby's auction in London on Wednesday, perhaps the result of Brexit jitters.
People Must Love Work, Cause They're Not Taking Vacation
Thu, 30 Jun 2016 15:37:00 GMT
Americans must really love their jobs. Or, as the report indicates, they've got some legitimate anxieties about taking time off.
Oreo-Maker Mondelez in Hershey Takeover Bid: Report
Thu, 30 Jun 2016 15:18:00 GMT
Mondelez, makers of Oreo cookies and Cadbury bars, made a takeover bid for chocolate king Hershey on Thursday, according to reports in the Wall Street
Amazon Announces 'Prime Day' Deals for July 12
Thu, 30 Jun 2016 12:27:00 GMT
Amazon has finally lifted the lid on its second-annual Prime Day sale, which it's touting as the 'biggest Amazon event ever.'
World Stocks Suffered Worst Month Since January
Thu, 30 Jun 2016 10:18:09 GMT
Global stocks were set for their worst monthly performance this year, with new concerns over global growth forcing shares onto the back foot again.
Istanbul Attack Threatens the Livelihoods of Millions
Thu, 30 Jun 2016 08:08:49 GMT
The tourism industry in Turkey accounts for 12 percent of its GDP, pulling in about $96 billion in 2014.
This City Is Embracing Rising Seas as Business Opportunity
Thu, 30 Jun 2016 08:05:00 GMT
Businesses, universities, and even the local government in Norfolk, Virginia, are trying to re-frame the risk of sea-level rise as an opportunity.
Chipotle Makes Rare Menu Addition, Introduces Chorizo
Wed, 29 Jun 2016 21:12:00 GMT
While other fast-casual restaurants thrive on wacky limited-time offers, Chipotle has made few changes to its menu in its 23-year history.
Facebook Feed: Why You'll See More Friends and Family
Wed, 29 Jun 2016 20:50:00 GMT
Facebook says it will now put posts from friends and family that users are 'likely to care about' at the top of their news feed.
MSNBC Business News
BBC Business News
'Pensions' delicate balance' post Brexit vote
Fri, 01 Jul 2016 21:00:01 GMT
Pensions Minister Ros Altmann says there is a "delicate balancing act" to maintain the strength of pension schemes amid the uncertainty of Brexit.
Osborne abandons 2020 budget surplus target
Fri, 01 Jul 2016 16:28:11 GMT
Chancellor George Osborne abandons his target to restore government finances to a surplus by 2020, saying there were 'clear signs' of a shock to the economy.
British Olympic Association predicts record 2015 profits
Fri, 01 Jul 2016 21:00:38 GMT
The British Olympic Association is set to report record profits for 2015, its chief executive Bill Sweeney has told the BBC.
Savers and borrowers braced for change amid Brexit fallout
Fri, 01 Jul 2016 11:17:45 GMT
Two speeches made within 24 hours have signalled significant changes ahead for personal finances.
Oracle ordered to pay $3bn damages to HP
Fri, 01 Jul 2016 16:23:29 GMT
Electronics firm Hewlett Packard has been awarded $3bn (£2.26bn) in damages in a legal dispute with software giant Oracle.
Puerto Rico to default on $779m debt
Fri, 01 Jul 2016 19:59:50 GMT
Puerto Rico has said it does not have enough money to pay the debt
BMW and Intel plan robot car production
Fri, 01 Jul 2016 13:29:18 GMT
BMW, Intel and computer vision firm Mobileye have signed a deal to develop autonomous vehicles.
UK shares push higher on Carney speech
Fri, 01 Jul 2016 16:13:01 GMT
UK shares rise for a third day, after Bank of England governor Mark Carney hinted at fresh stimulus measures following the Brexit vote.
BHP fights Brazil claim over iron mine collapse
Fri, 01 Jul 2016 22:49:32 GMT
Mining giant BHP Billiton says it will fight the suspension by the Brazilian Supreme Court of a settlement for damages caused by a dam burst at an iron ore mine.
British Gas offers free electricity at weekends
Fri, 01 Jul 2016 08:57:43 GMT
British Gas is to offer free electricity for eight hours at weekends to two million customers who have smart meters installed.
UK factories report pick-up in activity in June
Fri, 01 Jul 2016 09:36:02 GMT
UK manufacturers saw activity pick-up in June, according to a closely watched survey, but the effects of the Brexit vote will not be seen until July.
Siemens UK warns that Brexit vote could hit investment
Thu, 30 Jun 2016 23:35:54 GMT
One of the UK's biggest industrial companies, Siemens UK, tells the BBC that future investment could be hit in the wake of the Brexit vote.
Shell boss taking 'a good look' at North Sea assets
Fri, 01 Jul 2016 07:53:15 GMT
Royal Dutch Shell chief executive tells the BBC he is taking 'a good look' at the company's North Sea assets in the light of weak oil prices.
Hershey rejects $23bn Mondelez takeover offer
Thu, 30 Jun 2016 21:26:53 GMT
Hershey rejects a $23bn (£17bn) offer from Mondelez that would bring some of the world's best known chocolate and biscuit brands under one roof.
Asian stocks look to erase Brexit losses
Fri, 01 Jul 2016 07:39:22 GMT
Asian stocks rise for the third day in a row, as investors make bets policymakers will take steps to boost growth and prevent further market uncertainty.
EU Trade Commissioner: No trade talks until full Brexit
Thu, 30 Jun 2016 18:23:25 GMT
The top European Union trade official says the UK cannot begin negotiating terms for doing business with the bloc until after it has left it.
Barclays 'has no plans to move jobs' after Brexit vote
Thu, 30 Jun 2016 14:57:30 GMT
Banking giant Barclays has no plans to move jobs out of the UK following the vote to leave the European Union, chief executive Jes Staley tells the BBC.
Brexit vote leads S&P to cut European Union credit rating
Thu, 30 Jun 2016 19:37:41 GMT
Ratings agency Standard and Poor's cuts its credit grade for the European Union after the UK's Brexit vote.
Why has George Osborne abandoned a key economic target?
Fri, 01 Jul 2016 20:20:53 GMT
Why has George Osborne given up on restoring government finances to a surplus by 2020?
Shell boss 'taking a good look' at North Sea assets
Fri, 01 Jul 2016 07:41:18 GMT
Shell chief executive Ben van Beurden tells the BBC he is taking "a good look" at its North Sea assets in the light of lower oil prices.
BBC Business News
Yahoo Business News
Wall St. ends higher for fourth straight day
Fri, 01 Jul 2016 16:30:54 -0400
Trader Peter Tuchman works on the floor at the New York Stock Exchange ahead of the July 4 holiday weekend in New York CityThe S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months sparked by Britain's shock vote last week to leave the European Union. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all, and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina. The Dow Jones industrial average rose 19.38 points, or 0.11 percent, to 17,949.37, the S&P 500 gained 4.09 points, or 0.19 percent, to 2,102.95 and the Nasdaq Composite added 19.90 points, or 0.41 percent, to 4,862.57.

Tesla crash raises concerns about autonomous vehicle regulation
Fri, 01 Jul 2016 17:53:52 -0400
The radar technology of a Tesla Model S containing Autopilot features is pointed out during a Tesla event in Palo AltoThe fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. Shares of Tesla and Mobileye NV, the maker of the camera vision system used in the Model S, rose on Friday as analysts said the accident was likely a short-term setback. On Friday, the U.S. National Highway Traffic Safety Administration (NHTSA) said U.S. traffic deaths rose by 7.7 percent to 35,200 in 2015 - the highest annual tally since 2008 and biggest single-year jump since 1966.

Apple fires back at Spotify over music streaming claims
Fri, 01 Jul 2016 15:46:20 -0400
The Apple Inc. logo is shown outside the company's 2016 Worldwide Developers Conference in San FranciscoSAN FRANCISCO/STOCKHOLM (Reuters) - Apple Inc fought back on Friday against Spotify's claims that the U.S. tech giant had hampered competition in music streaming by rejecting an update to the Swedish service's iPhone app. The two companies have gone head to head in the battle for music streaming customers since Apple Music was launched in more than 100 countries last year. Apple's entry into the field sparked concerns from music streaming companies such as Spotify, which have argued that the 30 percent cut Apple takes of subscriptions in its App Store give its own service an unfair advantage.

Berkshire seeks to boost its Wells Fargo stake above 10 percent
Fri, 01 Jul 2016 19:34:25 -0400
Wells Fargo branch is seen in the Chicago suburb of Evanston, IllinoisWarren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny. According to papers obtained by Reuters on Friday, Berkshire said it learned in mid-March that its Wells Fargo stake, including 2.01 million shares held by Buffett, had reached 10.01 percent because of buybacks by the San Francisco-based bank, which decreased the number of shares outstanding.

London bankers face Brexit choice: lobby or leave
Fri, 01 Jul 2016 13:13:30 -0400
The Canary Wharf financial district is seen in east LondonBy Sinead Cruise and Lawrence White LONDON (Reuters) - A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave. Some investment banks, anxious not to stir speculation of an exodus from the historic City of London and its modern counterpart at Canary Wharf, have given out "business as usual" messages since last week's shock referendum result. The alternative for banks and bankers, growing increasingly insecure in an information vacuum that has developed since the June 23 vote, is to get out.

Fed's Fischer watching how quickly Brexit unfolds: CNBC
Fri, 01 Jul 2016 11:08:34 -0400
U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New YorkThe U.S. economy has shown signs of improvement in recent weeks but the Federal Reserve expects it will take some time before it can assess the impact of Britain's vote to leave the European Union, Fed Vice Chair Stanley Fischer said on Friday. A June 3 report showing a sharp slowdown in hiring during May and the risks around Britain's June 23 Brexit vote have raised concerns at the Fed over whether the U.S. economy was ready for more interest rate increases. More recent economic data has eased some of those concerns, but Fischer gave no steer on when the Fed might raise rates.

Brexit triggers surprise emerging market asset rally
Fri, 01 Jul 2016 14:37:21 -0400
A British flag flutters in front of a window in London,When British voters shocked world markets by voting to leave the European Union last week, emerging markets assets seemed among the most vulnerable to a full-on retreat to safe havens from riskier investments. MSCI's emerging equity index is set for its biggest weekly gain since March, while yields on debt denominated in emerging currencies such as rouble and the Brazilian real have fallen as much as 50 basis points over the week. "Janet Yellen has made it clear that events outside of the U.S. will have a bearing on the Fed’s decision making and she was explicit about the risk that she thought Brexit would pose," said Viktor Szabo, Senior Investment Manager at Aberdeen Investment Management.

Aetna launches Medicare Advantage asset sale: sources
Fri, 01 Jul 2016 17:09:27 -0400
A trader points up at a display on the floor of the New York Stock ExchangeMerging Aetna's and Humana's Medicare Advantage businesses would make the combined company the largest U.S. manager of the healthcare insurance for seniors and the disabled. Aetna has sent out pitchbooks to potential buyers and will begin collecting bids as soon as next week, the people said on Friday.

Mondelez's bid may find gaps in Hershey's armor
Fri, 01 Jul 2016 19:03:14 -0400
Hershey's chocolate bars are shown in this photo illustration in EncinitasNEW YORK/LOS ANGELES (Reuters) - An elaborate structure put in place to preserve Hershey Co's ties to its local community has been roiled by scandal, creating an opening that Mondelez International Inc seized on to launch a $23 billion for the chocolate giant. While Hershey's board of directors unanimously rejected Mondelez's offer on Thursday, its once impenetrable defenses are now looking weaker due to an investigation into the charitable trust that controls it, as well as controversy facing the Pennsylvania Attorney General (AG), who also has a say in any change in Hershey Co's ownership. The Hershey Trust, set up by the company's eponymous founder a century ago, holds 81 percent of the company’s voting stock and without its approval, a sale is impossible.

After market spasm, Wall Street looks past Brexit
Fri, 01 Jul 2016 16:50:55 -0400
A trader works on the floor at the New York Stock Exchange in New York CityBy Noel Randewich SAN FRANCISCO (Reuters) - A week-long convulsion in U.S. stocks induced by Britain's vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has created a bounty of uncertainty about the future of the United Kingdom, Europe and the global economy.

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