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Finance

The HARIBO site will be west of I-94 between Highways 50 and 165 in Kenosha County. Haribo of Bonn, Germany, will invest $242 million in the plant and create 400 jobs there when the plant opens in 2020, the GOP governor said. "We are very excited to announce this important decision today", states Rick LaBerge, Executive Vice President and COO at HARIBO of America Inc. This purchase is expected to cost Pleasant Prairie $37.5 million.
  • Global stocks drift as investors await Fed meeting

    Global stocks drift as investors await Fed meeting

    Finance

    The broader Topix index of all First Section issues on the Tokyo Stock Exchange edged 2.10 points, or 0.13 percent, lower to 1,569.21. South Korea's KOSPI lost 0.78 points or 0.04 percent to end at 2,133.00. U.S. INTEREST RATES: The Fed is scheduled to hold a policy meeting from Tuesday to Wednesday. BUSY WEEK: The Bank of England, Bank of Japan and other central banks are also holding meetings this week.
  • Amgen Tanks On Heart-Study; Shares Of Other Drugmakers Tumble

    Finance

    But with a high price tag, it remains to be seen who will be able to afford the drug. For years, medical researchers have hoped that a burgeoning class of cholesterol drugs targeting a protein called PCSK9 could be the next generation of blockbuster treatments .
  • Russia Denies Involvement in Yahoo Hack

    Russia Denies Involvement in Yahoo Hack

    Finance

    One of the co-conspirators, Alexsey Belan, has been indicted twice before by the United States for similar hacking exploits, and has been on the FBI's most wanted cyber criminals list for more than three years. US officials briefed on the case say a federal grand jury in Northern California has indicted two Russian operatives of the Kremlin's intelligence agency, a well-known Russian hacker and a Canadian in the cyberattack.
  • Florida deputy saves jet skiers seconds before cruise ship hits them

    Florida deputy saves jet skiers seconds before cruise ship hits them

    Finance

    After getting sight of girls, SeaPort Security Marine Deputy Taner Primmer rushed toward the women and pulled them into his boat, according to WREG . "This was the first time with people in the water, nearly right in front of you". As this occurred, the 130,000-ton Carnival Magic cruise ship was heading directly toward the two stranded women.
  • Sorrell calls out Google; Pandora guns for Spotify

    Sorrell calls out Google; Pandora guns for Spotify

    Finance

    Users will be able to pay $9.99 a month to search for and play whatever they want, whenever they want - and the service has a bit of Pandora's secret sauce mixed in. A key feature will be called "My Thumbs Up", which will save listeners' song selections and automatically generate playlists based on their tastes.
  • Bill Ackman sells controversial drug maker Valeant after $2.8B loss

    Bill Ackman sells controversial drug maker Valeant after $2.8B loss

    Finance

    Valeant stock has fallen 24% this year and has lost. In hindsight, Ackman said he should have first sold off his shares of Valeant in 2015 when the Philidor scandal was revealed, Business Insider reported. The hedge funds remaining in the stock take solace from a March 10 statement from the company, to the effect that it had won consent for refinancing and an amendment of its credit agreements.
  • Brexit bill: Lords changes rejected by parliament

    Finance

    Once the bill gets the so-called royal assent on Tuesday and becomes law, it will be up to Theresa May to fire the starting pistol and invoke Article 50 of the Lisbon Treaty, the exit procedure from the EU. On the other hand, a notably tough stance towards the United Kingdom would risk triggering further criticism of the European Union elite and there will be the risk of deadlock which could quickly erode confidence.
  • Get ahead of higher interest rates with these stocks

    Get ahead of higher interest rates with these stocks

    Finance

    And will Trump be able to refrain from criticizing Yellen and the Fed? The reaction of markets across the world is even less predictable. "We're just at a different place now than in 2013 when there was a lot of angst and uncertainty about the economy's prospects", said Mark Zandi, chief economist at Moody's Analytics.
  • Gordmans files for Ch. 11 bankruptcy, plans to liquidate stores

    Gordmans files for Ch. 11 bankruptcy, plans to liquidate stores

    Finance

    Wegner of Kutak Rock. "Until further notice, all Gordmans stores are operating as usual without interruption", president and CEO Andy Hall said. The company also recorded losses in five of the last six business quarters. It's stock price fell to 6 cents a share Monday after the announcement. Gordmans value is estimated at $130 million. Gordmans was bought in 2008 by private equity firm Sun Capital Partners.
  • Oil drops below $50 for first time since December on supply glut

    Oil drops below $50 for first time since December on supply glut

    Finance

    The absence of fresh hedge fund buying and the emergence of a small band of short sellers created a liquidity hole and was likely responsible for the abrupt drop in prices which started on March 8. "It was Saudi Arabia which initiated the pricing war in the first place with the aim of radically increasing its market share by squeezing out producers of "costly" oil", Rosneft said, in a reference to shale producers.
  • South Korean court dismisses president Park Geun-Hye

    South Korean court dismisses president Park Geun-Hye

    Finance

    March 10: Constitutional Court upholds parliament's vote to impeach Park, removing her from office. There have been angry scenes outside the court. With that, Korea will now be required to hold a presidential election within the next 60 days. It also opens her up to criminal proceedings. "The dice of destiny have now been cast", South Korea's Yonhap news agency quoted a presidential aide as saying.