Business

Mondelez says it's ending talks to buy Hershey

Hershey HSY, +0.24% shares fell 11% to $98.93 in recent after-hours trading, while Mondelez MDLZ, +0.63% rose 3.6% to $44.60. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and increase in stock price during the past year.

Business

Trade unions set for day's strike on Friday

Replying to a query on the strike, Jaitley said , "I think we have responsible trade unions....and will respond to this". The RSS-affiliated Bharatiya Mazdoor Sangh (BMS) has pulled out of the strike. These decisions were among those taken by the Government after Mr. Dattatreya had held detailed discussions with Central Trade Union leaders on their charter of demands, followed by a meeting of the Inter-Ministerial Committee headed by Mr.

Business

US auto sales expected to drop in August

Jeep brand sales perked up 12%. "With mixed economic signals, it certainly looks like the USA auto sales may have peaked in 2015". "We're no longer in a period where we have a lot of pent-up demand coming out of the economic crisis", said Bryan Bezold, Ford's senior USA economist.

Business

Envoy lists snags to Canada-China free trade: labour, environment and investment

Trudeau, travelling with wife Sophie Gregoire Trudeau and seven-year-old daughter Ella-Grace, said last week that he hopes the visit provides the opportunity to "reset" the relationship between the two countries. "With respect for cultural diversity, I think it is natural for us to understand that our two countries may have differences, on some issues this is only natural", Li said.

Business

The maker of EpiPen responds to outrage over skyrocketing cost

The EpiPen cost just $57 (£43) in 2007, reports Bloomberg.com. Heidi Heitkamp is joining a growing number of lawmakers who are denouncing the sharp price hikes for EpiPens, the emergency drug injectors for severe allergic reactions. At least a $500 savings over the cheapest US options. Sen. Claire McCaskill, D-Missouri, said in a statement Thursday, "I'm exhausted of playing whack-a-mole with these pharmaceutical companies that are grabbing obscene profits while they have a monopoly".

Business

Urjit Patel Will Contribute To India''s Growth Story, Says Arun Jaitley

Dr. Patel was with International Monetary Fund (IMF) between 1990 and 1995 and worked on the U.S., India, Bahamas and Myanmar desks. Economists said that if an RBI insider such as Patel was nominated, the central bank's independence, which has come under pressure in recent years, was likely to be preserved.


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