Wall Street Journal

British American Tobacco Proposes to Buy Reynolds Stake for $47 Billion
Wall Street Journal
LONDON—British American Tobacco PLC on Friday announced a proposal to buy the stake it doesn't already own in U.S. peer Reynolds American Inc. for $47 billion. British American Tobacco, which already owns 42.2% of Reynolds, has offered $56.50 a …
UK Stocks-Factors to watch on Oct. 21Reuters
BAT Plans to Take Full Control of Reynolds in $47 Billion DealBloomberg
British American Tobacco Plans $47 billion Reynolds TakeoverTheStreet.com
StreetInsider.com –BBC News –Financial Times –RTT News
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Yahoo Sports

E-Class Sedan, SUVs Boost Earnings at Germany's Daimler
New York Times
FRANKFURT, Germany — German automaker Daimler AG said Friday that stronger sales of its technology-loaded Mercedes-Benz E-Class sedan and SUVs helped third-quarter earnings swell by 13 percent. The company said its net profit during the July to …
Daimler continues along its successful path in third quarter – record unit sales and earningsPR Newswire (press release)
Daimler Profit Lifted by E-Class Model SalesWall Street Journal
Daimler Quarterly Profit Jumps 10% on Mercedes Car DemandBloomberg
Reuters –Nasdaq –Ward’s Auto
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Reuters

Asia stocks ease as stronger dollar weighs on crude oil
Reuters
A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon. By Shinichi Saoshiro | TOKYO. TOKYO Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs …
Strong Dollar Upends Asian MarketsWall Street Journal
Asia shares drift lower as investors factor in Fed rate hikeU.S. News & World Report
Asian shares mixed, dollar rises on ECB stimulus hopesTulsa World
Financial Times –Bloomberg –ICIS –The Straits Times
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CNBC

Venezuela's state oil company is struggling under bond obligations
CNBC
Venezuela's state-owned oil company has warned that it is in danger of defaulting on its debts after investors declined an offer to swap bonds. Four times in the last month, Petróleos de Venezuela, S.A. (PDVSA) has extended an offer to investors to
PDVSA Default Would Spell Trouble for U.S. Refiners' Oil SupplyBloomberg
Venezuela PDVSA boss slams report of push for bolivar bond paymentsReuters
2 Venezuela Experts: Friday Bond Deadline, Elections Elevate RiskBarron’s (blog)
Wall Street Journal –Financial Times –The Fiscal Times –PanAm Post
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The Boston Globe

MetLife grounds Snoopy. Curse you, Red Baron!
The Boston Globe
MetLife is firing Snoopy. After more than 30 years of appearing in print ads, TV commercials, marketing materials, and on the sides of MetLife's blimps at sports events, the company is showing the door to the “Peanuts” character, one of the most
MetLife to Snoopy: You're fired!USA TODAY
See you Snoopy: no place for cartoons in insurance anymore?Christian Science Monitor
Snoopy, You're Not Alone. These 8 Brand Mascots Have Also Been FiredMoney Magazine
Wall Street Journal –Forbes –Dallas News –CBS News
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New York Times

US|EPA Waited Too Long to Warn of Flint Water Danger, Report Says
New York Times
The inspector general for the Environmental Protection Agency says the agency, as early as June 2015, had sufficient information to issue an emergency order to protect residents of Flint, Mich., from lead-contaminated water. Credit Carlos Osorio
EPA Delayed Action in Flint Water Crisis for Seven MonthsWall Street Journal
Watchdog: EPA Action To Protect Flint Residents From Lead Was Delayed 7 MonthsNPR
EPA should have intervened in Flint water crisis months earlier, watchdog saysWashington Post
Huffington Post –The Detroit News –The Hill –Natural Resources Defense Council
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International Business Times

NBCU in talks to double its BuzzFeed investment
CNNMoney
NBCUniversal is planning to double its investment in BuzzFeed, discussing a deal that would put another $200 million into the news and entertainment site, a source with knowledge of the matter confirmed. The investment, as first reported by Recode
NBCUniversal Gives BuzzFeed Another $200 Million (Report)Chron.com
BuzzFeed To Get Additional $200 Million Investment From NBC Universal: ReportInternational Business Times
NBCUniversal doubles its bet on BuzzFeed to $400 millionYahoo Sports
Recode
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Business Insider

Jeff Bezos told what may be the best startup investment story ever
Business Insider
Amazon founder Jeff Bezos has made a lot of money for people who bet on his company over the years. But Bezos told an amazing story in San Francisco on Thursday about the first brave souls who invested in Amazon two decades ago. According to Bezos …
Amazon's Jeff Bezos compares space to internet, and he'll build the infrastructureGeekWire
Amazon CEO Jeff Bezos thinks space can be the new internetThe Verge
Amazon's Jeff Bezos: Trump eroding our democracyThe Hill
New York Post –Recode –USA TODAY –Huffington Post
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Wall Street Journal

PayPal Revenue Climbs on Growing Active Accounts
Wall Street Journal
Having resolved its fights with the biggest card networks, PayPal Holdings Inc. is pushing to get in front of more consumers globally to keep up its growth and profitability. PayPal announced Thursday that it had struck an agreement with Alibaba Group
PayPal's Three-Year Forecast Eases Concern About Card PactsBloomberg
PayPal Holdings' (PYPL) CEO Dan Schulman on Q3 2016 Results – Earnings Call TranscriptSeeking Alpha
PayPal's shares rally on revenue beat, margin forecastReuters
TheStreet.com –Nasdaq –24/7 Wall St. –Business Insider
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CNBC

Alkermes plc (ALKS) Announces Third ALKS 5461 Phase 3 Met Primary Endpoint in MDD
StreetInsider.com
Alkermes plc (NASDAQ: ALKS) announced positive topline results from FORWARD-5, the third phase 3 efficacy study to read out from the FORWARD pivotal program for ALKS 5461, a once-daily, oral investigational medicine with a novel mechanism of action …
Benzinga's Volume MoversBenzinga
Alkermes Depression Candidate Positive in Phase III StudyZacks.com

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