Business News & Articles

Business Articles and News

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NYC Health & Hospitals nabs Lynch as new CIO

NYC Health + Hospitals has appointed Kevin Lynch as its new CIO and senior vice president, roles he will assume in January. That same month, Dr. Mitchell Katz will take over as president and CEO of the system. Lynch comes to NYC Health + Hospitals from Los Angeles County, where he’s been the CIO for the Department of Health Services since 2010. Earlier, he was corporate director at Jackson Health System in Miami Dade County. During his time working for…

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JSE tracks weaker global markets, with Naspers under pressure

The JSE closed lower on Friday, in line with weaker global markets, as market heavyweight Naspers extended its losses. The all share ended the week down for the first time in nine sessions, its worst weekly performance since June. This was mainly due to a rand rally that followed last week’s S&P Global Ratings downgrade‚ which put pressure on rand hedges. Naspers ended the day 4.23% lower at R3‚531.62, registering its largest weekly decline in 2017. This followed a 3%…

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DealBook Briefing: Wall Street’s Fear Gauge Jumps on Flynn News

Remember that the VIX tracks investor expectations of how volatile stock markets will be in the month ahead. The possibility that Mr. Flynn could implicate senior White House officials in Mr. Mueller’s investigation would certainly throw the markets into high uncertainty. Major stock indexes have pulled back today as well, despite the tax news. The Standard & Poor’s 500 index was down nearly 1 percent at 2,622.12, while the Dow Jones industrial average was down a more modest 0.6 percent,…

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Exclusive: CVS eyes major expansion of health clinics with Aetna deal – sources

NEW YORK (Reuters) – CVS Health Corp (CVS.N) is planning to significantly expand health services at its retail pharmacies if it completes a more than $66 billion deal for insurer Aetna Inc (AET.N), a move that could save more than $1 billion annually, people familiar with the matter said. FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo A key rationale is to use many of…

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A Tax Plan that Hurts Education Will Hurt U.S. Competitiveness

Executive Summary The tax reform bill under consideration in the U.S. congress would make college less affordable, and as a result, make it harder for employers to find educated employees. The lawmakers who are proposing the $1.5 trillion package say it will bring future economic growth and jobs. But by eliminating tax credits for higher education, the plan is more likely to hurt America’s economy. Tucked inside the Senate and House versions of the bill are provisions that would make it substantially harder…

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Will Tesla Die for Lack of Cobalt?

Wedged between iron and nickel on the periodic table, cobalt has suddenly emerged as the electric car killer. The once-obscure metal, a critical part of batteries, has nearly tripled in price since last summer as concerns grow about whether there will be enough cobalt to meet demand. The ingredients are certainly there for a shortage. Output… Source link

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US regulator approves Bitcoin trading

Image copyright Reuters Image caption The crypto-currency has had a volatile week Bitcoin has taken another step toward the financial mainstream, after a US regulator said it would let two traditional exchanges begin trading in Bitcoin-related financial contracts. CME Group and CBOE Global Markets exchanges will offer investors Bitcoin futures from later this month. The move sent the crypto-currency’s price up, continuing its volatile week. Bitcoin hit a record above $11,400 on Wednesday, but then lost 20% of its value…

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Up to 800 jobs may go as Toys R Us looks to close third of UK stores | Business

Up to 800 jobs are on the line after it emerged that struggling US retailer Toys R Us is looking to close a third of its UK stores. Toys R Us is understood to be working on a company voluntary agreement (CVA), an insolvency procedure used by retailers to close loss-making stores. It comes as retailers struggle to coax shoppers to part with their cash in the run-up to Christmas, normally the sector’s busiest period of the year. Experts said…

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Republicans ‘have the votes’ to pass tax plan

December 1, 2017 Barney Jopson and Sam Fleming in Washington Experimental feature Listen to this article Play audio for this article Pause Experimental feature Give us your feedback Thank you for your feedback. What do you think? I‘ll use it in the future I don‘t think I‘ll use it Please tell us why (optional) Send Feedback or Republican leaders on Friday said they had garnered sufficient support in the Senate to pass a historic bill to overhaul the US tax…

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Halton region a growing industrial tech market with a focus in IoT, telematics

Sandwiched between the powerhouse high-tech areas of Toronto and Kitchener-Waterloo is a region that, despite being often overlooked, offers a wide variety of untapped innovation. Halton Region is home to more than half a million people living in the cities of Burlington, Oakville, Milton, and Halton Hills. While the area is overshadowed by the more well-known city centres in the Kitchener-Waterloo-Toronto technology corridor, it wants the world to know that it has a lot to offer. Chris Herbert, founder of…

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Freddie Mac Prices $637 Million Seniors Housing Multifamily K Certificates, The Canadian Business Journal

MCLEAN, VA–(Marketwired – Dec 1, 2017) – Freddie Mac (OTCQB: FMCC) Multifamily recently priced an offering of Structured Pass-Through Certificates (K Certificates) backed exclusively by multifamily mortgages on seniors housing properties. The company offered approximately $637 million in K Certificates (K-S09 Certificates) that are expected to settle on or about December 12, 2017. This is Freddie Mac’s ninth K Certificate offering backed exclusively by seniors housing. K-S09 Pricing                   Class   Principal/Notional Amount…

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Moore Stephens announces successful IOM Art Society’s “Seasonal Autumn Exhibition and Craft Fair”

Moore Stephens Isle of Man proudly sponsored this year’s Isle of Man Art Society “Seasonal Autumn Exhibition and Craft Fair” and with more sales than last year, it was once again a huge success!  Moore Stephens and the Art Society also congratulate raffle winner Jill Gill who was lucky enough to take home the magnificent pastel painting of the Amur Leopard by Diane Moore. Andrew Dixon, partner in Moore Stephens Isle of Man, formally opened the 2017 exhibition at…

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Uber’s Data Breach: Can the Company Course-correct?

Ride-hailing app company Uber is not about to see any immediate loss of customers following recent disclosures that it failed to notify both regulators and the public about a huge data breach. But the company is facing serious longer-term threats to its dominant market position if customers worry about its safety compliance as the industry moves towards driverless cars, according to experts at Wharton and Northeastern University. The disclosures have prompted multiple investigations against Uber in the U.S. and in…

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Views sought on overhauling lamb price weight bands

Friday 1 December 2017 8:00 © Tim Scrivener Industry levy bodies have called for views on proposed changes to the standard quality quotation (SQQ) price for prime lambs, which may no longer reflect modern market requirements. The SQQ is an average price for all lambs marketed within predefined weight bands of 25.5kg and 45.5kg. For many years the range has been used as an indicator of market requirements. But those requirements have changed since its introduction and auction market prices…

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