Daily Intel

AB InBev makes merger appeal to SABMiller shareholders
BRUSSELS (AP) — The world's top brewer Anheuser-Busch InBev is continuing its courtship of SABMiller shareholders for its 68 billion pounds ($104 billion) takeover bid despite a triple rejection by the board of the No. 2 beer company.
Oct 9, 2015 | 9:09 AM
Stocks close out best week of the year with a small gain
NEW YORK (AP) — The stock market is closing out its best week this year with a modest gain, helped by airlines and industrial companies. Airline stocks were among the biggest gainers Friday after the companies said they flew nearly full flights last...
Oct 9, 2015 | 9:09 AM
US wholesale stockpiles rise in August, but sales fall
WASHINGTON (AP) — Cheaper oil and less demand for autos and machinery weighed on wholesalers in August, as their inventories edged up just slightly while sales dropped. The Commerce Department said Friday that wholesale stockpiles rose 0.1 percent,...
Oct 9, 2015 | 9:09 AM
Fed official still favors 2015 hike but notes dimmer outlook
NEW YORK (AP) — A voting member of the Federal Reserve’s policy committee said Friday that he still thinks an interest-rate increase will be appropriate by year’s end. But he acknowledged that the outlook for the economy appears cloudier...
Oct 9, 2015 | 8:09 AM
Bill Gross sues former employer, Pimco, for $200 million
The suit, filed Thursday in Orange County, California, alleges that Pimco executives plotted to remove Gross in an internal power struggle that eventually led to him leaving the company in September 2014. Over the years, he and Pimco would become...
Oct 9, 2015 | 8:09 AM
California agency votes to ban SeaWorld orca breeding
LONG BEACH, Calif. (AP) — The California Coastal Commission on Thursday approved a $100 million expansion of the tanks SeaWorld uses to hold killer whales in San Diego — but it banned breeding of the captive orcas that would live in them. Animal...
Oct 9, 2015 | 7:09 AM
Deutsche Bank shares slip on dividend warning
In an unscheduled statement late Wednesday, Germany's biggest bank said it expects to report a third-quarter net loss of 6.2 billion euros ($7 billion) because of a combination of write-downs and litigation costs. Despite the scale of the potential...
Oct 9, 2015 | 7:09 AM
Fed minutes: Officials worried about China's slowdown, persistently low inflation
WASHINGTON (AP) — Fed minutes: Officials worried about China's slowdown, persistently low inflation.
Oct 9, 2015 | 7:09 AM
Airlines post better on-time rate but get more complaints
Complaints most frequently concern delayed flights, but baggage or ticketing problems, customer service and fares are also included. Two domestic flights in August were stuck on the tarmac longer than three hours, which could trigger violations of...
Oct 9, 2015 | 1:09 AM
Bernanke’s new book looks at WaMu’s demise
In the book, “The Courage to Act: A Memoir of a Crisis and Its Aftermath,” former Federal Reserve Chairman Ben Bernanke notes that WaMu’s main regulator had worried as early as 2004 that the giant Seattle thrift was growing too fast through...
Oct 8, 2015 | 10:08 PM

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