Business
Chinese Yuan weakens to 6.3578 against United States dollars
Hurt by slack global demand, China's foreign trade continued the steady downward trajectory, it began in March, dropping by 9% Y-Y in October to RMB 2.06-T (US$325-B), worse even than the 8.8% fall in September. Dollar global hegemony. However, it would also show that China is beginning to play by the same economic rules as the rest of the world. By 2013, its trade surplus was down to 1.9 per cent of GDP, according to the World Bank.
Business
Lawsuit alleges Cheerios Protein is misleading product
The suit alleges that the cereal maker has been selling a new product called Protein Cheerios, which the company first introduced the previous year, under false pretenses. That little girl from the Cheerios commercial is wondering why her parents are serving her Cheerios Protein . By weight, Cheerios Protein has just over eight-instead of 17 - times as much sugar as its simpler counterpart.
Business
Bernie Sanders: "I'm Not Much of a Socialist Compared to Dwight Eisenhower"
Sanders was pressed on how high he would raise the top tax rate, which he declined to do while reminding viewers of how high the rate was under former President Dwight Eisenhower. "He will create a progressive estate tax on the top 0.3% of Americans who inherit more than $3.5 million". During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent .
Business
Lockheed Martin Corporation Signs F-15 Deal With Saudi Arabia
The deal is the largest announced so far at the biennial Dubai Airshow, which runs until Thursday at the site of the emirate's newest airport, Al Maktoum worldwide. The carrier, partly owned by Etihad Airways, has a fleet of 115 aircraft. The additional freighters are valued at $637m at list prices. Work will be performed at Lockheed Martin Missiles and Fire Control's Orlando site in Florida, and also in Saudi Arabia, with the local Advanced Electronics Company.
Business
NLRB hearing on union at Tenn. Volkswagen plant concludes
The settlement at Ford comes after the UAW reached a deal with GM that was richer than the contract it negotiated with smaller and less profitable Fiat Chrysler Automobiles last month. Skilled trades workers such as pipe fitters and electricians, may be able to thwart the ratification. But for VW, it's an all-or-none situation if an election happens, VW says all 1,400 of the plant's blue-collar workers should participate.
Business
Gilead Sciences EVP Sells $1312560.00 in Stock (GILD)
GILD and Gilead Sciences Incorporated stock and share performance over the last 6 months. After surveying 1 different analysts , we established an average estimate of $ 3.03 earnings per share (EPS) for NASDAQ:GILD. The Company's HIV products include Stribild, Complera/ Tybost, Atripla, Truvada, Viread, Emtriva, Eviplera and Vitekta. Its Liver Diseases products include Harvoni, Sovaldi, Viread and Hepsera.