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Climate-Denying EPA Pick Is Worse Than You Think

RealClearPolitics - Fri, 12/09/2016 - 07:12
Jay Michaelson, The Daily Beast
Every scientist not on the corporate dole is upset about Scott Pruitt, Donald Trump’s pick to head the Environmental Protection Agency. Like Betsy DeVos, who wants to destroy public education, and Jeff Sessions, who wants to destroy the Voting Rights Act, Pruitt is against the very laws he will soon be in charge of enforcing.

Trump Could Threaten U.S. Superpower Status

RealClearPolitics - Fri, 12/09/2016 - 07:12
Sens. Cardin & Feinstein, USA Today
President Obama is right — if President-elect Donald Trump succeeds, America succeeds. But the opposite is equally true. The costs of a failed Trump presidency would be profound for the security of the United States and countries around the world. With each passing day, we grow increasingly concerned that President-elect Trump fails to grasp the solemn, serious responsibilities that come with being our nation’s commander in chief. Protecting and advancing our national security interests is arguably the president’s most important duty.

The World Fears Trump's America. That's a Good Thing.

RealClearPolitics - Fri, 12/09/2016 - 07:12
Mark Moyar, New York Times
Among global elites, Donald J. Trump’s recent phone call with Taiwan’s president has induced fear on a scale seldom matched since Ronald Reagan’s “Evil Empire” speech. The Sydney Morning Herald warned that the phone call “risks provoking a cold war between the United States and China with potentially catastrophic economic and security implications.” The fright appears to confirm the narrative formed earlier this year by headlines like “Donald Trump Terrifies World Leaders.”

BRIEF-Black Springs Capital to buy Géomines

Reuters Us Markets - Fri, 12/09/2016 - 07:09
* Black Springs Capital - upon completion of acquisition, combined entity will continue to carry on business of Géomines as currently constituted

Congo blocks Tenke mine administrator appointment

Reuters Us Markets - Fri, 12/09/2016 - 07:09
KINSHASA, Dec 9 (Reuters) - The appointment of a temporary administrator to run the Tenke copper has been blocked by an appeals body, the mine said on Friday, removing a hurdle to a takeover by China...

Over 1,000 Russian athletes benefited from conspiracy to conceal doping: McLaren report

Top Reuters News - Fri, 12/09/2016 - 07:09
LONDON (Reuters) - More than 1,000 Russian athletes competing in summer, winter and paralympic sport were involved in or benefited from an institutional conspiracy to conceal positive doping tests, a WADA report said on Friday.

GLOBAL MARKETS-World stocks hold near 16-month highs after strong week

Reuters Us Markets - Fri, 12/09/2016 - 07:09
LONDON, Dec 9 (Reuters) - World stocks held near 16-month highs on Friday, set for a strong weekly gain, while the euro fell further after the European Central Bank's decision to extend its stimulus...

BRIEF-Gran Colombia Gold provides update on 2016 production

Reuters Us Markets - Fri, 12/09/2016 - 07:08
* Gran Colombia Gold Corp- expects that total gold production for 2016 will reach upper half of its latest guidance for fy of 144,000 to 150,000 ounces

BRIEF-Stillwater Mining says termination fee of $16.5 mln plus expenses in Sibanye deal

Reuters Us Markets - Fri, 12/09/2016 - 07:08
* Stillwater Mining - to pay Sibanye break-up fee of $16.5 million plus reimbursement of expenses up to $10 million if deal is terminated in certain circumstances

Eli Lilly and AstraZeneca to co-develop Alzheimer's Disease treatment

MarketWatch Market Pulse - Fri, 12/09/2016 - 07:08

Eli Lilly & Co. and AstraZeneca Plc said Friday they have entered an agreement to jointly develop an Alzheimer's Disease treatment. The companies will work together on MEDI1814, an antibody selective for amyloid-beta 42, which is currently in Phase 1 trials. As part of the agreement, Eli Lilly will make an upfront payment of $30 million to AstraZeneca. Eli Lilly will book a pretax charge of $30 million in the fourth quarter, equal to an after-tax charge of 2 cents a share. Eli Lilly shares were not yet active premarket. AstraZeneca ADRs were up 1.4%, but are down 26% in the year so far, while the S&P 500 has gained about 10%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Nasdaq launches new Copenhagen index to reflect DONG, Nets IPOs

Reuters Us Markets - Fri, 12/09/2016 - 07:07
COPENHAGEN, Dec 9 (Reuters) - Stock exchange operator Nasdaq will replace Denmark's main C20 CAP index with a new index of 25 companies to reflect a higher market capitalisation and turnover...

Trump may signal support for Michigan Republican as next party chair

Top Reuters News - Fri, 12/09/2016 - 07:06
NEW YORK/WASHINGTON (Reuters) - Michigan Republican Party Chair Ronna Romney McDaniel has emerged as the consensus favorite to head the party with President-elect Donald Trump headed to Michigan on Friday as part of his post-election "thank you" tour.

Trump may signal support for Michigan Republican as next party chair

Reuters US Politics - Fri, 12/09/2016 - 07:06
NEW YORK/WASHINGTON (Reuters) - Michigan Republican Party Chair Ronna Romney McDaniel has emerged as the consensus favorite to head the party with President-elect Donald Trump headed to Michigan on Friday as part of his post-election "thank you" tour.

Syrian government forces press attack in east Aleppo

Top Reuters News - Fri, 12/09/2016 - 07:05
ALEPPO/BEIRUT (Reuters) - Syrian government forces pressed an offensive in Aleppo on Thursday night and into Friday with ground fighting and air strikes, Reuters witnesses, rebels and a monitoring group said, part of a push to retake all of the city's besieged rebel-held east.

Russia's Lukoil says ready to take part in oil output cuts

Reuters Us Markets - Fri, 12/09/2016 - 07:03
MOSCOW, Dec 9 (Reuters) - Russia's No.2 oil producer Lukoil said on Friday it was ready to follow Russia's commitments to oil output cuts as part of a global pact.

Vail Resorts loss widens more than expected

MarketWatch Market Pulse - Fri, 12/09/2016 - 07:03

Vail Resorts Inc. reported a wider-than-expected fiscal first-quarter loss and revenue that missed forecasts, but raised its full-year outlook for a measure of cash flow. Losses for the quarter to Oct. 31 widened to $62.6 million, or $1.70 a share, from $59.6 million, or $1.63 a share, in the same period a year ago. The FactSet consensus for losses per share was $1.57. Revenue rose to $178.3 million from $174.6 million, but below the FactSet consensus of $183.5 million, as misses in lodging and real estate sales offset a beat in mountain sales. The company now expects fiscal 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) of $567 million to $597 million, up from previous guidance of $482 million to $518 million. "Our first fiscal quarter historically operates at a loss given that our North American mountain resorts are not open for ski operations during the period," said Chief Executive Rob Katz. "Lodging bookings for the rest of the season are trending slightly ahead of last year at our U.S. resorts. Based on historical averages, less than 50% of the bookings for the winter season have been made by this time." The stock, which was still inactive in premarket trade, has climbed 26% year to date, while the S&P 500 has gained 9.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

SBI to sell $266 mln stake in life insurance arm to KKR, Temasek

Reuters Us Markets - Fri, 12/09/2016 - 07:02
MUMBAI, Dec 9 (Reuters) - State Bank of India has agreed to sell a 3.9 percent stake in its life insurance arm to affiliates of KKR and Temasek for 17.94 billion rupees ($266 million), the nation's...

BRIEF-PPG Industries says initiates global restructuring, targets $125 mln in annual savings

Reuters Us Markets - Fri, 12/09/2016 - 07:02
* PPG Industries Inc - will take pretax charge of $190 million to $200 million in Q4 2016 due to restructuring

UPDATE 1-Brazil's inflation eases much more than expected in November

Reuters Us Markets - Fri, 12/09/2016 - 07:00
(Adds market reaction, details) BRASILIA, Dec 9 (Reuters) - Brazil's inflation rate eased much more than expected in November, falling below 7 percent for the first time since 2014 and paving the...

PPG Industries unveils latest restructuring, targeting $125 million in annual savings

MarketWatch Market Pulse - Fri, 12/09/2016 - 07:00

Paint maker PPG Industries Inc. said Friday its board has approved another restructuring that aims to save $125 million a year. The cuts will be focused on end-use markets that are currently weakest and will seek to reduceg operating and admin costs. "Because of continued slow overall growth in global demand, we are taking decisive action to adjust our cost structure," Chief Executive Michael H. McGarry said in a statement. PPG expects to book pretax charges of $190 million to $200 million, or 53 cents to 58 cents a share, in the fourth quarter. Shares were not yet active in premarket trade, but are up 0.6% in the year so far, underperforming the S&P 500 , which has gained about 10%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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