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Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon
By Makiko Yamazaki TOKYO (Reuters) – The head of the developer behind Nintendo Co Ltd's Pokemon GO said he wanted to launch the smash-hit mobile game in roughly 200 countries and regions “relatively soon” and was working on bolstering server capacity to enable the wider rollout. The game, which marries a classic 20-year old… View original post here: Developer of Nintendo’s... [Read more]
Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates
Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A “slow, gradual, careful” approach to raising interest rates is therefore appropriate as the U.S. central bank deals with this new world... [Read more]
U.S. posts $6 billion budget surplus in June
The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday. Receipts last month totaled $330 billion, while outlays were at $323 billion. Original post: U.S. posts $6 billion budget surplus in June Read More →
Exclusive: WellCare, Centene make offers for Aetna assets – sources
By Carl O'Donnell and Caroline Humer (Reuters) – WellCare Health Plans Inc and Centene Corp have made competing offers for the Medicare Advantage insurance plans that Aetna Inc looks to shed in seeking clearance for its acquisition of Humana Inc , people familiar with the matter said. The potential divestiture is a central pillar of Aetna's efforts to win over regulators for its $34-billion... [Read more]
Lockheed F-35 fighter shows off capabilities at UK air show
Lockheed Martin Corp's F-35 fighter jets made their first appearance at the world's largest military air show on Friday, in what U.S. and British generals described as part of … Read the original here: Lockheed F-35 fighter shows off capabilities at UK air show Read More →
Japan’s Orix buys U.S. housing tax credit syndicator: sources
Japanese financial services company Orix Corp has bought Boston Financial Investment Management, a U.S. money manager specialized in tax credit investments for low-income housing suppliers, two sources said on Saturday. Orix paid several hundred million dollars to buy Boston Financial Excerpt from: Japan’s Orix buys U.S. housing tax credit syndicator: sources Read More →
‘Sweetest’ town clings to Hershey, adding to takeover hurdles
The impact of such views goes beyond sentimental in the wake of Mondelez International Inc's $23 billion bid to buy the company, which Hershey said on June 30 it had rejected. The town of Hershey, where the company's staunchest loyalists are referred to as “Hershey-ites”, has real influence over corporate decisions. The Hershey Trust, a $12 billion school charity and the company's... [Read more]
U.S. factory orders fall, but rising backlogs hint at stabilization
By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably over. The Commerce Department said on Tuesday new The rest is here: U.S. factory orders fall, but rising backlogs hint at stabilization Read More →
Berkshire seeks to boost its Wells Fargo stake above 10 percent
Warren 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 See the rest here: Berkshire seeks to boost its Wells Fargo... [Read more]
U.S. shale oil’s Achilles heel shows signs of mending
Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. It also helps explain shale drillers' Read the original post: U.S. shale oil’s Achilles heel shows signs of mending Read More →