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Business

Pipeline operator Enbridge to buy Spectra Energy for $28B

Lever said he expects to see more mergers and acquisitions as companies look for scale to spread risk and increase opportunities. "From that standpoint, by combining the two companies, I think we're going to be able to reach more customers and fuel the economy here in the USA", said Michael Barnes, communications manager with Enbridge , which already has its USA headquarters in Houston.

Business

Goldman Sachs bans employee donations to Trump's election campaign

In the memo obtained by Fortune , Goldman said that "the policy change is also meant to minimise potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners' seniority and visibility".

Business

U.S. Service Sector Growth Slows To Six-Year Low In August

Growth in the United States economy's services sector eased more than expected in August, according to figures from the Institute for Supply Management (ISM ). The prices index also edged down to 51.8 in August from 51.7 in the previous month, although the reading above 50 indicates price growth for the fifth consecutive month.

Business

Arizona nabs class of 2017 top prospect, DeAndre Ayton

Those three schools weren't the only possibilities for the talented forward, there was, and still is, a possibility that Ayton head overseas for a season before going into the National Basketball Association. But when Ayton spoke to reporters at the Nike-sponsored Peach Jam summer basketball event in July, he maintained that he wanted to play college basketball and he was told he was "on track" to do so.

Business

Zambia court throws out election result challenge

A government source said that Zambia's government would proceed with plans to inaugurate Lungu as the Constitutional Court's extension beyond a 14-day deadline of the opposition's legal challenge to the vote was illegal. "This petition will not be considered by this court", the judge Annie Mwewa Sitali ruled after three of the five judges on the panel decided the petition should not be heard.

Business

Oil pares gains after Saudi, Russia sign pact

The two countries have been effectively fighting a proxy war in Syria and Moscow also sees itself as a big ally of Iran - Riyadh's arch-rival in the Middle East. Iran is in the process of restoring exports after sanctions on its nuclear program were lifted in January. "That would probably be the last thing they want as long as Iran is raising output".

Business

How Trump, Clinton immigration plans would affect the US

Donald Trump was in OH today, doubling down on his promise to build a wall along the southern border - and having Mexico foot the bill. Trump has sparked anger in Mexico with accusations on the campaign trail that the country sends rapists and drug runners to the United States, as well as his threats to tear up trade deals and make Mexico fund his planned wall.

Business

Italy August manufacturing PMI under 50

Finalised manufacturing PMIs for the Eurozone were revised lower for August, weakening the Euro to Pound Sterling exchange rate. Among a raft of recent better than expected data, GfK's United Kingdom consumer confidence Index for August, published yesterday, showed a five point jump to minus 7, a sharp rebound from July's survey which showed confidence had suffered its sharpest monthly drop in more than 26 years in the wake of the Brexit vote.

Business

EU Parliament head Schulz to visit Turkey amid human rights criticism

He told an audience the purge would "enhance" the judiciary's independence. "The rule of law, including access to lawyers and fair trials, must be respected and this will be a crucial test for democracy in Turkey", said Ms Piri. Erdogan said the detentions would not lead to "weakness" in judiciary. "The duty of our judges, prosecutors and solicitors is to work to dispense justice as perfectly as possible".

Business

Kyle Larson holds off Chase Elliott for first Sprint Cup victory

Tony Stewart didn't have a particularly good performance during Sunday's Sprint Cup race at Michigan International Speedway, falling a lap behind near the midway portion and finishing a nondescript 21st. A competition caution took place on laps 22 to 25. "We both spun our tires really bad", said Larson . I couldn't quite catch my breath there after I got out of the auto because I spent two minutes screaming because I was so pumped up.

Business

Less Stringent Rules for Business Drone Operators Take Effect Monday

Before Monday, people needed a pilot's license to fly a commercial drone. Drones can not fly over people who are not directly participating in the operation or go higher than 400 feet above the ground. Wren says, "Up until today you had to have exemption which meant you had to have a pilots license". Still, the new regulations should push innovation in drone technology, perhaps making urban air-lifting a feasible goal for companies like Domino's or Internet retailers like Amazon , which ...

Business

Fitbit's new Charge 2 is the follow-up to the best-selling Charge HR

Finally, there's a breathing feature on the wristband, called Relax , that guides you through a short 2- or 5-minute breathing exercise. Importantly, Charge 2 promises to be cleverer than its predecessor. The Charge 2 also adds a new Reminders to Move feature, which encourages you to walk 250 steps every hour to stay active and keep your metabolism going.

Business

European Commission expected to rule against Apple in major Irish tax case

The EU has always been analysing the tax arrangements that exist between Ireland and Apple , and now an EU ruling is expected to declare it as a form of illegal state aid. The commission in January ordered Belgium to recover about 700 million euros in illegal tax breaks from at least 35 companies, including Anheuser-Busch InBev NV and BP Plc.

Business

What do Analysts suggest for: Signet Jewelers Limited (NYSE:SIG)

Schroder Investment Management Group now owns 326,832 shares of the company's stock worth $32,781,000 after buying an additional 51,264 shares in the last quarter. The price target means a potential upside of 19.85% from Signet Jewelers (NYSE:SIG)'s last close price. 11 Analysts reported that the Price Target for Signet Jewelers Limited might touch $149.24 high while the Average Price Target and Low price Target is $129.02 and $113 respectively.

Business

Pfizer Agrees to Buy Antibiotics Business From AstraZeneca

New York-based Pfizer Inc. will shell out up to $1.5 billion in upfront and milestone payments for the development and commercialization rights to AstraZeneca plc's small molecule anti-infectives, which is largely located outside the US, according to a statement.

Business

Parent of Circle K buying Texas-based CST Brands for $4.4B

This is the convenience-store chain's fourth acquisition announcement this year and the largest in its 36-year history. It eclipses the 2012 purchase of Statoil Fuel & Retail ASA for about $2.8 billion, which established a foothold in Europe.

Business

Kipchoge claims marathon gold; Rupp bronze

Rupp is running in his first marathon, but it is his second event of the Rio Games after finishing in the top five in the 10,000 meters eight days prior. It was a seventh victory in eight marathons for the 31-year-old phenomenon, who won the London Marathon for the second year running in April, coming within eight seconds of Dennis Kimetto's world record of 2:02:57.

Business

India appoints insider Urjit Patel as new central bank governor

Urjit Patel, 52, will serve a three year term. Patel has authored technical publications, papers and comments in the areas of Indian macroeconomics, public finance, infrastructure, financial intermediation, worldwide trade and the economics of climate change.

Business

UK inflation pressures grow after vote to leave EU

We should not let too much time go by, " he said. Aug 18 Sterling jumped around half a cent to a two-week high against the dollar on Thursday after United Kingdom retail sales numbers for July came in much stronger than expected, defying expectations of a hit from Britain's vote to leave the European Union.

Business

USA Men's Basketball Team Blows Out China in Olympics 2016 Opener

Kevin Durant , Draymond Green , Carmelo Anthony and more better be ready when U.S. takes on China on August 6. DeMarcus Cousins added 17 points and Paul George 15 for the US, which is a heavy favorite to win a third straight gold and won't change any opinions after this performance.

Business

Delta CEO Takes Responsibility for Outage

Delta said it canceled almost 1,000 flights Monday, Aug. 8. Delta, which turned to its fleet of private jets to get some of its highest-level customers to their destinations, plans to offer other amenities for its premium and frequent-flier customers, Mr.

Business

Tesla buys SolarCity for US$2.6bn

SolarCity (SCTY) will get 45 days to seek an alternative suitor in a provision known as a "go-shop" period. 'Tesla is getting ready to scale our Powerwall and Powerpack stationary storage products and SolarCity is getting ready to offer next-generation differentiated solar solutions, ' Tesla shared in today's announcement.

Business

Seattle Seahawks Reaches New 12th Man Licensing Agreement With Texas A&M

That's what the university declared on Thursday after announcing a licensing agreement with the Seattle Seahawks to allow the National Football League team to continue to use the trademarked phrase, with some new restrictions. The team has never been permitted to put "12th Man" on merchandise. In 1984, the Seattle Seahawks became the first pro sports team to return the number 12 to celebrate fans.

Business

Private company becomes first to win right to fly to moon

The approval for the flight, announced Wednesday, came from a collection of agencies, including the FAA, the State Department, NASA and the White House. Richards says they want to explore the moon because there's trillions of dollars of resources that could benefit Earth. Moon Express remains in a tight race with Israeli start-up SpaceIL to win the $25 million prize for completing the first landing or a $5 million award for making the second landing by a private company on the lunar ...

Business

Here's What Those Red Spots On Michael Phelps' Back Were All About

Phelps's time in the same event was slightly slower leading up to Rio (1:54.84), but still impressive considering his gold medal-winning time as a 19-year-old during the 2004 Summer Games in Athens (1:54.04). It was a first time they failed to win at least one race during an Olympic finals session at the pool since August 14, 2008 - the lone day Phelps didn't go for gold in Beijing.

Business

Hulu dropping free video as it prepares cable TV alternative

While the company will phase out its free offerings over the next few weeks , Hulu's paid subscription tiers remain the same for now: $7.99 per month to access Hulu with limited commercials , and $11.99 to watch Hulu with no ads whatsoever.

Business

American company takes over Whistler-Blackcomb

As North America's largest resort operator, it reported $1.4 billion in revenue in the 2015 fiscal year. Vail Resorts now operates nine mountain resorts and two ski areas in the USA and Australia. Brownlie added that he hopes the transaction will help Whistler Blackcomb make inroads into the eastern seaboard of the US, as well as Latin America, especially Mexico.

Business

Flood-wrecked Maryland town is scene of destruction and heroism

The record-shattering rainfall was a once-in-a-thousand-years occurrence, meteorologists say-and with today's rapidly warming climate, these events are becoming more and more common. Kittleman said despite extensive storm and flood damage, "make no mistake: we will rebuild ". "Flood insurance was just insane down here", she said.

Business

U.S. stocks fall as Pfizer weighs on health-care, retailers slip

The S&P 500 index showed eight new 52-week highs and one new low, while the Nasdaq recorded 54 new highs and 34 new lows. Shares of HSBC HoldingsHSBC -0.31 % PLC were up over 4% after the United Kingdom lender said it would spend up to $2.5 billion in the second half of the year to buy back shares, even as earnings dropped in the first half of the year.

Business

Guns has been allowed on university campuses by the Texas

That woman, Claire Wilson James , survived the attack that killed her unborn child. Texas is one of eight states with a concealed carry law, but the law in the Lone Star State allows public universities a say in the process by allowing the president to prohibit guns in certain buildings.