Hanjin Shipping Shares Plunge as Court Accepts Receivership – Bloomberg

Hanjin Shipping Shares Plunge as Court Accepts Receivership – Bloomberg

Shares of Hanjin Shipping Co., South Korea’s biggest container line, slumped a limit 30 percent on their first day of trading since filing for court receivership last week after lenders deemed the company’s restructuring plans as insufficient. The stock fell 370 won to 870 won, giving it a market value of 213 billion won ($192 […]

Slower US payrolls growth dims September Fed rate hike prospects – Reuters

WASHINGTON U.S. employment growth slowed more than expected in August after two straight months of robust gains and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month. Nonfarm payrolls rose by 151,000 jobs last month after an upwardly revised 275,000 increase in July, with hiring in […]

SpaceX to shift Florida launches to new pad after explosion – Reuters

CAPE CANAVERAL, Fla. SpaceX said on Friday it would shift Florida flights to a nearly completed second site after damage to its launch pad on Thursday from the explosion of a rocket belonging to the space services company run by Elon Musk. The Federal Aviation Administration has sent seven people to Florida to supervise investigation […]

Pinning Down Apple’s Alleged 0.005% Tax Rate Is Nearly Impossible – Bloomberg

The European Commission’s finding that Ireland must collect as much as an attention-getting 13 billion euros ($14.5 billion) in back taxes from Apple Inc. contained a second stunning number: 0.005 percent. In a news release, the commission said that figure represented the effective corporate tax rate Apple paid on its European profits in 2014. At […]

Manufacturing activity at lowest since January.; Construction spending flattens – CNBC

Construction outlays were up 1.5 percent from a year ago. Economists polled by Reuters had forecast construction spending rising 0.5 percent in July. The upward revisions to the May and June construction spending data could see the second-quarter gross domestic product estimate revised up from the 1.1 percent annual pace reported last month. The government […]

Historic commercial flight from US lands in Cuba – Myrtle Beach Sun News

The first commercial flight between the United States and Cuba in more than a half century landed in the central city of Santa Clara on Wednesday morning, re-establishing regular air service severed at the height of the Cold War. The flight of JetBlue 387 opens a new era of U.S.-Cuba travel, with about 300 flights […]

Troubled Theranos hits another wall as Zika test withdrawn – Washington Post

Theranos Chief Executive Officer Elizabeth Holmes speaks on stage at the 2015 Glamour Women of the Year Awards. (Carlo Allegri/Reuters) It was supposed to be the beginning of a new era when Elizabeth Holmes, the chief executive of the beleaguered blood-testing company Theranos took the stage at a major scientific conference earlier this month and presented […]

Mylan to Offer a Generic EpiPen at Half the Price – New York Times

To save articles or get newsletters, alerts or recommendations – all free. Don’t have an account yet?Create an account » Subscribed through iTunes and need an NYTimes.com account?Learn more » Need to connect your Home Delivery subscription to NYTimes.com?Link your subscription » Mylan to Offer a Generic EpiPen at Half the Price – New York […]

Automobiles boost US consumer spending; inflation still tame – Reuters

WASHINGTON U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year. The Commerce Department said on Monday that consumer spending, which accounts for more than two-thirds of […]

Uber, Careem suspend services in UAE capital – Reuters

ABU DHABI Ride-hailing services Uber [UBER.UL] and Careem have suspended services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday and did not know when they could resume operations, they said on Sunday. “This is a temporary suspension and we will let you know of any further updates,” an Uber spokesman in […]