Booker, Menendez call for federal investigation of NJ Transit safety
U.S. Sens. Cory Booker and Robert Menendez have asked federal officials to investigate safety and funding problems at NJ Transit beyond last month's fatal train crash and whether a lack of funds have delayed safety projects on the commuter railroad. The senators wrote to U.S. Transportation Secretary Anthony Foxx and NTSB Chairman Christopher Hart on Wednesday, requesting they investigate NJ Transit safety issues in addition to the Sept. 29 train crash in Hoboken Terminal, which killed a woman..>> view originalObamacare enrollment projected to grow 9% in 2017
Obamacare enrollment is expected to grow 9% to an average of 11.4 million in 2017, administration officials said Wednesday. Enrollment next year is critical for the president's signature health reform law. Large insurers, including Aetna (AET) and UnitedHealthcare (UNH), are scaling back participation, and remaining carriers are hiking premiums to cut losses from sicker-than-expected enrollees. Some 10.4 million people were enrolled in Obamacare plans as of June 30, the administration announce..>> view originalHow Silicon Valley Treats a Trump Backer: Peter Thiel
Photo Peter Thiel will give $1.25 million to Donald J. Trump’s presidential bid through a combination of super PAC donations and funds given directly to the campaign. Credit Doug Mills/The New York Times SAN FRANCISCO — Peter Thiel made a relatively modest investment in the presidential candidacy of Donald J. Trump, but it is generating a major uproar in Silicon Valley.Mr. Trump is toxic among technology investors and entrepreneurs. The news last weekend that Mr. Thiel ..>> view originalVerizon Revenue Falls Below Views
Verizon Communications Inc. on Thursday reported revenue slid more than expected in the latest quarter as subscriber additions plunged amid a pricing war that continues to weigh on the wireless provider. It was the second straight quarterly decline for the top line after six years of growth, and shares lost 2.6% premarket to $49.08....>> view originalWalgreens Posts Strong 4Q Earns, but Delays Rite Aid Deal
Walgreens Boots Alliance earnings topped $1 billion during the fourth quarter, easily surpassing analyst expectations, but the nation's largest drugstore chain also announced a delay in closing its latest megadeal.Walgreens said Thursday that it expects to wrap up its $9.4 billion purchase of rival Rite Aid Corp. early next year, rather than by the end of 2016.It revealed plans to buy the nation's third-largest drugstore chain nearly a year ago, a combination that could create a chain with more..>> view originalNissan takes controlling stake in Mitsubishi, pledges support for turnaround
TOKYO Nissan Motor Co Ltd (7201.T) said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive in a bid to help it recover from a mileage cheating scandal.Japan's No. 2 automaker has agreed to make a 237 billion yen ($2.29 billion) investment to acquire 34 percent of Mitsubishi Motors (7211.T), making it the single largest shareholder in its smaller peer and giving it enough of a stake to wield..>> view originalWorld Wine Output Near 20-Year Low as Rain, Frost Hit Vineyards
World wine output may fall 5.3 percent this year because of excess rain that spoiled grape harvests in South America and adverse weather in French vineyards, resulting in one of the smallest vintages of the past 20 years, according to an intergovernmental group.Wine volume may fall to 259.5 million hectoliters from 273.9 million hectoliters last year, according to estimates from the International Organisation of Vine & Wine, a Paris-based group known by its French acronym OIV. Estimated output ..>> view originalJobless Claims in U.S. Rise After Falling to Four-Decade Low
Filings for U.S. unemployment benefits rose last week by the most since July, after spending several weeks at or near a four-decade low.Jobless claims increased by 13,000 to 260,000 in the period ended Oct. 15, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey of economists called for 250,000. Continuing claims also rose, though the four-week average was the lowest since 2000. Hurricane Matthew may have accounted for some of the claims, with seve..>> view originalLuxury Market Stagnates as Wealthy Chinese Shoppers Stay at Home
The world’s luxury-goods market stopped growing this year, according to a forecast from researcher Bain & Co., as the industry struggles to emerge from one of its weakest periods since the global recession.Sales of personal luxury goods from Louis Vuitton coats to Hermes handbags are projected to linger at about 249 billion euros ($273 billion) in 2016, the weakest performance since 2009 at constant exchange rates. At actual rates, sales are set to slip 1 percent, Bain predicts.The outlook adds..>> view originalECB holds rates, seen charting course to more easing in December
FRANKFURT The European Central Bank kept interest rates and policy guidance unchanged on Thursday but may lay the groundwork for more easing to come in December as it tries to sustain a long-awaited rebound in consumer prices.Holding interest rates deep in negative territory and maintaining bond purchases at 80 billion euros per month, ECB President Mario Draghi is likely to emphasize later at a news conference the continued need for monetary stimulus, reinforcing expectations for an extension..>> view original
Thursday, October 20, 2016
Booker, Menendez call for federal investigation of NJ Transit safety and other top stories.
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