Dow, DuPont announce details of new joint agriculture company
MIDLAND, MI — Dow Chemical Co. and Wilmington, Delaware-based DuPont have announced the structure of the global agriculture company the two chemical giants intend to create. The agriculture company, to be headquartered in Wilmington and to feature DuPont in its name, is one of three independent, publicly traded companies to be created following the planned merger of DowDuPont and subsequent division of the combined company. The companies will create a material-science company called Dow based ..>> view originalEFG in merger talks with BTG Pactual's BSI, sources say
SAO PAULO/ZURICH Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG (EFGN.S) in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday.The structure under discussion would leave SĂŁo Paulo-based BTG Pactual (BBTG11.SA) with a stake of 20 percent to 30 percent in the combined entity, said the first source, who asked for anonymity since the discussion remains private. Whether EFG i..>> view originalOPEC's Weakest Link Venezuela Finally Sees Payoff in Oil Freeze
The deal struck between Saudi Arabia and Russia this week to cap oil output was the first meaningful response by producing countries to the collapse in crude prices. It was also a personal victory for the man who promoted it, Venezuela’s Energy Minister Eulogio Del Pino.The Stanford-educated engineer was at the center of a lobbying campaign that led to the agreement in Doha, the first between OPEC and non-OPEC countries in 15 years. While the pact isn’t likely to raise prices enough to fix the ..>> view originalDeere (DE) Beats Q1 Earnings, Lags Revenues, Cuts Outlook
Deere & Company’s (DE - Analyst Report) first-quarter fiscal 2016 (ended Jan 31, 2016) earnings declined around 28.6% year over year to 80 cents per share owing to sluggish global markets for farm and construction equipment. Earnings, however, topped the Zacks Consensus Estimate of 71 cents.Operational UpdateNet sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) came in at $4.77 billion, down roughly 15% year over year. Revenues missed the Zacks Con..>> view originalFirming US inflation keeps Fed rate hike on the table
WASHINGTON Rising rents and medical costs lifted underlying U.S. inflation in January by the most in nearly 4-1/2 years, signs of a pick-up in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.The Labor Department said on Friday its Consumer Price Index, excluding the volatile food and energy components, increased 0.3 percent last month. That was the biggest gain since August 2011 and followed a 0.2 percent rise in December."It is a policymaker's ..>> view originalOverwhelming demand for Apple Pay's China launch causes sign-up hiccups
Overwhelming demand for Apple Pay's China launch causes sign-up hiccups By AppleInsider Staff Friday, February 19, 2016, 05:29 am PT (08:29 am ET) A rush from Chinese users to sign up for contactless transactions via Apple Pay has taken its toll on the service's servers, preventing consumers from adding their credit and debit cards. Users attempting to sign up after Thursday's launch were met with error messages saying their iPhone could not connect to Apple Pay, or that the verificat..>> view originalFacebook, Google, Twitter, Woz, Trump, McAfee, Snowden, and more take sides on Apple vs. the FBI
Apple is challenging a federal court order to help access an iPhone used by one of the shooters in the San Bernardino terrorist attack, claiming that doing so would create a “dangerous precedent.” Now, other tech companies and politicians are publicly debating whether Apple’s dead-set protection of user privacy is justified and whether the FBI has a right to enter people’s iPhones via a “backdoor” to ensure national security. Shortly after Apple CEO Tim Cook posted an open letter detailing C..>> view originalMcDonald's franchisees had doubts ahead of breakfast launch
By Candice Choi | AP February 18 at 7:25 PM NEW YORK — McDonald’s has been fighting to win back customers, but its franchisees weren’t so sure about the comeback plans ahead of the chain’s launch of an all-day breakfast menu back in October. An internal annual survey of franchisees around that time found only 14 percent of U.S. franchisees agreed or strongly agreed that the company’s turnaround agenda was working. And only 35 percent said they felt confident about McDonald’s success over the..>> view originalYahoo committee to explore sale, options
Yahoo and CEO Marissa Mayer(Photo: Julie Jacobson, AP)Yahoo's board of directors has formed a committee to explore "strategic alternatives" for the struggling Net company.A strategic review committee of independent directors has been created to "conduct a process to evaluate strategic alternatives for the company," said Yahoo's Chairman of the Board Maynard Webb said Friday. The committee, with the support of management, will establish the process for contacting and engaging possible buyers or ..>> view originalVolkswagen Memos Suggest Company Misled US Regulators
Photo Martin Winterkorn, Volkswagen’s former chief executive, has said he did not learn of a device used to cheat on emissions tests until shortly before the company’s public admission. Credit Morris Mac Matzen/Reuters FRANKFURT — Volkswagen internal memos and emails suggest that company executives pursued a strategy of delay and obfuscation with United States regulators after being confronted in early 2014 with evidence that VW diesel vehicles were emitting far more ..>> view original
Friday, February 19, 2016
Dow, DuPont announce details of new joint agriculture company and other top stories.
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