Business

Samsung Recalls Galaxy Note 7 After Battery Explosions

The supersized smartphone received great reviews in the first few days but things haven't gone well for the company. Samsung stopped all sales of the Galaxy Note 7 , so did third-party retailers and carriers from around world, except China, which had a different battery supplier.

Business

Employers expect 4 percent increase in health benefit costs

Only 2 percent said they were switching full-timers to part time to make them ineligible. These shifts effectively reduced the average premium increase by half a percentage point in each of the past two years, the analysis shows. A separate study released earlier this week found a markedly different pattern of health care use between people on high-deductible plans, compared with traditional plans.

Business

Hillary Clinton recovering at Chappaqua home

I felt really good. Hillary Clinton is expected to be back on the campaign trail as soon as Wednesday. But recent questions about her health and the video from Sunday have some wondering if there is a more serious health issue the campaign is hiding.

Business

Horizon Pharma to pay $800M for rare disease drug developer

The median estimate represents a 0.22% increase from the last price of 8.98. The stock is a Buy among 3 brokerage firms polled by Factset Research. Horizon Pharma has a 12-month low of $12.86 and a 12-month high of $32.34. Following the news, both companies' stocks surged. Latham & Watkins LLP will be providing legal advice for the transaction. Analysts at Wedbush reiterated a Neutral rating on shares of Raptor Pharmaceutical Corp .

Business

Britain, EU should work together for smooth divorce, says UK PM May

But a spokeswoman said May felt little pressure, having won the agreement of European Union officials to take at least until the end of this year to come up with a negotiating stance for the talks that will shape Britain's relationship with Europe and its future standing in the world.

Business

Trump says Fed keeping rates low because of pressure from Obama

Its job is to continue supporting the economy through its recovery from the worst financial crisis since the Great Depression, the latter of which, as I explained, was prolonged by the Fed's decision in 1937 to prematurely raise rates. There is an emerging consensus among central banks worldwide that at a minimum, their policy tools are at the end of their capabilities and that directionally the next action will be to tighten.