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State-owned Aramco says it has recovered 70 percent of its lost crude output and that it will be fully operational within three weeks.
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Before Yemen's civil war began in 2014, the country had no tradition of sectarianism between its Shiite and Sunni Muslim communities. With outside powers having chosen sides along those lines, the conflict now pits the Middle East's biggest rivals, Sunni-majority Saudi Arabia and Shiite-dominated Iran, against one another, with consequences for the entire world.
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 U.S. stocks were little changed on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded.
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White House intervenes in General Motors strike POLITICOThe Real Reason General Motors Workers Are On Strike Nationwide HuffPostGM strike, Day 2: Nearly 50,000 workers off the job in 19 states CNNEditorial: Blame strike on UAW corruption The Detroit NewsThe Autoworkers Strike Is Bigger Than G.M. The New York TimesView full coverage on Google News
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2019-09-17 0000935836-19-000477 9 KB
Item 3C: Investment Company Act Section 3(c)
Item 3C.7: Section 3(c)(7)
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 Gold futures climb on Tuesday, building on the hefty gain seen a day earlier to settle at a more than one week high for a second session in a row, with traders continuing to monitor developments tied to the attacks on Saudi Arabian oil-infrastructure as they shift focus to the Federal Reserve meeting this week.
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NBC Peacock is Comcast's dive into the crazy streaming-video fray Ars TechnicaThe Man Behind Mr. Robot Is Bringing Battlestar Galactica Back [Updated] GizmodoNBC names its new streaming service 'Peacock' CNBCNBC 'Peacock' streaming service expected in 2020 with 15,000 hours of content AppleInsiderNBC Might As Well Have Named It Penis TV GizmodoView full coverage on Google News
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The White House and GM denied a report in Politico that said the Trump administration was involved in the automaker's contract negotiations with the United Auto Workers union.
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 General Motors Co
shifted health insurance costs for its striking workers
to the United Auto Workers union as its members walked the
picket line for the second day on Tuesday.
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Total CEO Patrick Pouyanne said on Tuesday last weekend's attacks on Saudi oil production facilities will have consequences, adding that he feared the situation in the Middle East might deteriorate further.
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General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.
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Saudi Aramco's Abqaiq processing plants have restored 2 million barrels per day (bpd) of capacity following attacks on Saturday, and they are expected to be back at normal capacity by the end of the month, a company source told Reuters on Tuesday.
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The White House is not
involved in contract talks with General Motors Co and the
United Auto Workers union, aimed at ending a nationwide strike
that began late on Sunday, a White House spokesman and GM said.
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 Shares of Kraft Heinz Co. slumped 4.2% in midday trading, enough to pace decliners among its consumer staples peers group, after the food and beverage company's second-largest shareholder cut its stake by more than 9%. In a Form 4 filing with the Securities and Exchange Commission, Kraft Heinz disclosed that private-equity firm 3G Capital sold 25.1 million Kraft Heinz shares on Monday at a price of $28.44, which values the shares sold at $712.95 million. That left 3G with a 245.03-million-share stake, or 20.1%, of the shares outstanding. 3G's stake is second to Warren Buffett's Berkshire Hathaway Inc.'s 325.6-million-share stake as of June 30, which is 26.7% of the shares outstanding. 3G and Berkshire orchestrated the creation of Kraft Heinz when Kraft Foods Group Inc. and H.J. Heinz Co. agreed in March 2015 to merge. Kraft Heinz's stock has tumbled 34.1% year to date, while the SPDR Consumer Staples Select Sector ETF has rallied 19.7% and the Dow Jones Industrial Average has climbed 15.8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Welcome to Due Diligence, the FT's daily deals briefing
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* Fed decision on U.S. interest rates due on Wednesday
(Updates to close)
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Swiss civil servants work to implement the results immediately after a referendum. In Great Britain, on the other hand, it has been more than three years since the Brexit vote, and most U.K. civil servants seem to have proved that their goal is to resist it.
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China's Unipec, the trading
arm of Asia's top oil refiner Sinopec, chartered at least four
crude tankers this week from the United States, ramping up
shipments after attacks on Saudi Arabia's oil facilities and as
trade tensions between the world's two largest economies cool,
sources said on Tuesday.
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Central bank offered $75bn in short-term operation to alleviate funding squeeze
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U.S. Vice President Mike Pence said on Tuesday the United States was evaluating evidence on the attacks on Saudi oil facilities and stands read to defend its interests and allies in the Middle East.
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FBI agents raided the home of MyPayrollHR's top executive as part of a fraud investigation into the company accused of vanishing with up to $35 million and leaving thousands without a paycheck Business InsiderReport: Law enforcement raids home of MyPayrollHR exec Times Union Michael Mann, MyPayrollHR CEO, home raided by FBI as human resource chief executive suspected of financial fraud CBS NewsView full coverage on Google News
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* Wall Street opens slightly weaker; dollar drifts lower
(Updates throughout with open of U.S. markets, changes
dateline; previous LONDON)
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Latin American currencies slumped on
Tuesday as investors shied away from riskier assets ahead of key
central bank meetings, while concerns over geopolitical tensions
stemming from attacks on Saudi oil facilities lingered.
Oil prices dropped sharply after a Saudi Arabian source told
Reuters that production could be fully back on line within
weeks, quicker than initially thought, but sentiment was still
fragile over the threat of retaliation f
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Measured in 2019 dollars, oil peaked at $158 a barrel in 2008.
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Mexico's government will
uphold its pledge to keep fuel prices stable and has gasoline
supplies secured despite attacks on Saudi oil sites, President
Andres Manuel Lopez Obrador said on Tuesday.
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A strong economy was supposed to be the centerpiece of Trump's reelection campaign, but the trade war and uneven growth are giving Democrats a chance to attack.
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Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. More than two years after U.S. President Donald Trump walked away from a regional Asia-Pacific trade...
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iPad Pro leak suggests tablet photography just won't die EngadgetOne notable omission from last week's iPhone launch event was a new iPad Pro, but now we have some idea of what to expect from Apple's latest pro-level ...
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U.S. e-cigarette maker Juul Labs Inc said on Tuesday its products were not currently available on e-commerce web sites in China, days after it entered the world's single-largest market for tobacco consumption with over 300 million smokers.
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Welcome to your identity crisis.
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Twin suicide bombings target Afghanistan president's rally, Kabul downtown; 48 dead Fox NewsBomb blast hits Afghan President Ashraf Ghani's campaign rally Al Jazeera EnglishA Marine Looks Back at His Battles in Afghanistan The New York TimesAfghanistan war: Tracking the killings in August 2019 BBC NewsTaliban delegation visits Iran to 'discuss latest developments' Aljazeera.comView full coverage on Google News
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WeWork's Back Is Against a Wall The Wall Street JournalSoftBank investors brace for Vision Fund writedowns Financial TimesWeWork Parent Postpones IPO The Wall Street JournalSoftBank Needs a Different IPO After WeWork Slip BloombergWeWork's IPO Doesn't Work Yet BloombergView full coverage on Google News
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The Federal Reserve Bank of New York entered the money markets with up to $75 billion of transactions to tamp down rising interest rates that had threatened the central bank's control of its benchmark fed-funds rate.
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Anheuser-Busch InBev NV will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world's second largest IPO this year.
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The company's parent has been trying to rescue the public offering amid concerns about the high valuation for a business that is deeply unprofitable.
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 Effective Jan. 6, FedEx Express, FedEx Ground and FedEx Freight will increase shipping rates and surcharges, the Memphis logistics giant announced.
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iPhone 11 Review Roundup: Improved Camera, Battery Life, and Performance Result in the iPhone for 'Just About... Mac RumorsApple iPhone 11 Pro and Pro Max review: great battery life, screen and camera The VergeUnboxing Every Green iPhone 11! Marques BrownleeiPhone 11: Great camera, long battery, but not a must-buy USA TODAYApple iPhone 11 review: So good you (probably) don't need the Pro EngadgetView full coverage on Google News
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Amazon launches Amazon Music HD with lossless audio streaming TechCrunchAmazon Music rolls out a lossless streaming tier that Spotify and Apple can't match The VergeAmazon 'changes Earth forever' with HD music streaming service CNETSpotify Dismisses Amazon's High-Definition Audio: ‘It's Not a Big Differentiator' VarietyAmazon Music HD offers lossless streaming starting at $12.99 per month EngadgetView full coverage on Google News
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WeWork's parent postponed its initial public offering after investors questioned how much the company is worth and raised concerns about its corporate governance.
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Trade tensions, oil shock cloud Fed efforts to steer clear of recession Yahoo FinanceHow a Fed rate cut could impact the housing market Fox BusinessThe Fed is likely to lower rates again this week, but also signal it's in no hurry to keep cutting CNBCBlindsided Bond Traders Can't Count on Fed Dots BloombergShould we love or hate ‘negative' interest rates? The Washington PostView full coverage on Google News
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* Trump ties Iran to Saudi oil attack, but says does not
want war
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‘Battlestar Galactica' Reboot From Sam Esmail Headed For NBCU's Peacock Streaming Service DeadlineNBC names its new streaming service 'Peacock' CNBCNBCUniversal's streaming service is called Peacock The Verge‘Parks & Recreation' To Join ‘The Office' On Peacock NBCU Streaming Service DeadlineThe Man Behind Mr. Robot Is Rebooting Battlestar Galactica GizmodoView full coverage on Google News
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Bud Brewer Takes Another Shot at Asian IPO After First Attempt Went Flat The Wall Street JournalThe world's largest brewer is taking a second shot at listing its Asian business, seeking to raise up to $7.6 billion in Hong Kong, even as the city reels from a ...
View full coverage on Google News
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U.S. President Donald Trump has said Washington and Tokyo have reached an initial trade deal that he and Japanese Prime Minister Shinzo Abe are expected to sign in New York later this month.
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One of Warren Buffett's favorite investments is struggling, to say the least.
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Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.
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Protesters await Trump as he arrives in California after bashing state for homeless crisis Los Angeles TimesTrump's California fundraisers are drenched in cash — and secrecy POLITICOTrump Goes 'Behind Enemy Lines' To Raise Money In SF Bay Area NPRTrump shares part of the shame and blame for homeless crisis Sacramento BeeOpinion: Trump isn't just picking a fight with California liberals, he's going after conservatives too Los Angeles TimesView full coverage on Google News
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U.S. Vice President Mike Pence said on Tuesday the United States was reviewing evidence that suggests Iran was behind the attacks on Saudi oil facilities and stands ready to defend its interests and allies in the Middle East.
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Trump and Warren Lay Out Competing Visions of Populism The New York Times2020 Daily Trail Markers: Elizabeth Warren holds rally in New York City CBS NewsMaryanne Trump-Barry: Elizabeth Warren Goes After President Trump's Sister as Part of Anti-Corruption Plan The Daily BeastElizabeth Warren's big NYC day: She scoops Working Families Party endorsement, draws 8,000 to 10,000 at Manhat New York Daily NewsElizabeth Warren: Donald Trump is 'corruption in the flesh' Guardian NewsView full coverage on Google News
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Saudi Crisis: Iran's Supreme Leader Says 'No Talks' With U.S. During U.N. Visit NPRThe latest on the Saudi oil attacks CNNIran fired cruise missiles at Saudi oil facility l ABC News ABC News‘Locked and Loaded,' but for What? The New York TimesIran's drone attacks are a threat to Trump, militarily and politically | TheHill The HillView full coverage on Google News
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Oil prices dropped nearly 5% on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.
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Unipec, the trading arm of
Asia's top refiner Sinopec, chartered at least four crude
tankers this week from the United States, ramping up purchases
after attacks on Saudi Arabia's oil facilities and as trade
tensions between the world's two largest economies cool, sources
said.
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A simple guide to the many options available to young workers.
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3G Capital, the Brazilian private-equity firm that helped create Kraft Heinz, has sold about 9% of its stake in the struggling food maker, a move that weighed on the company's shares.
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Hard-Liners in Iran See No Drawback to Bellicose Strategy The New York TimesTrump gets amnesia on Iran CNNJohn Bolton Already Talking With Book Agents: 'He Has a Lot to Dish' The Daily BeastTrump's 'maximum pressure' strategy on Iran did not fail Al Jazeera EnglishTrump is spreading his own fake news about Iran. But why? The IndependentView full coverage on Google News
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Walmart Inc likely discriminated against 178 female workers by paying less or denying promotions or both because of their gender, the U.S. Equal Employment Opportunity Commission said in memos reviewed by The Wall Street Journal, the newspaper said on Tuesday.
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Shares of General Motors Co. rebounded early Tuesday as the strike affecting the company entered its second day. The stock gained 0.5% in early trading, breaking a four-day losing streak and after closing down 4.3% on Monday. About 50,000 GM workers entered a strike this week, at a cost to the company of about $50 million a day, according to analyst estimates. The strike affects more than 31 GM plants, the majority of the company's North American production. Shares of GM have gained 12% this year, compared with gains of 16% for the S&P 500 index .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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‘The Big Bang Theory' goes to AT&T's HBO Max streaming service for over a billion TechCrunchBig Bang Theory lands on HBO Max in deal reportedly worth more than $1 billion The Verge'Big Bang Theory' Sets Staggering Multi-Billion-Dollar HBO Max Streaming Deal Hollywood ReporterHBO Max scores exclusive streaming rights to 'The Big Bang Theory' CNBC'The Big Bang Theory' and 'Parks and Recreation' find new streaming homes USA TODAYView full coverage on Google News
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Datadog disclosed Tuesday that expected pricing of its initial public offering has increased to $24 to $26 a share from $19 to $22, which raises the value of its 24-million-share offering to up to $624 million from $528 million. If the underwriters exercise the options to buy up to an additional 3.6 million shares, the company could raise up to $717.6 million. The digital transformation and cloud migration software company's stock is expected to list on the Nasdaq under the ticker symbol "DDOG." The lead underwriters of the IPO are Morgan Stanley, Goldman Sachs, J.P. Morgan and Credit Suisse. For the six months ended June 30, Datadog recorded a net loss of $13.4 million on revenue of $153.3 million, after a profit of $498,000 on revenue of $85.4 million in the same period a year ago. The company is looking to go public at a time the Renaissance IPO ETF has rallied 44.2% year to date while the S&P 500 has gained 19.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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HBO Max, the streaming service AT&T's WarnerMedia is launching next spring, has struck a deal for streaming rights to reruns of CBS's just-ended comedy series.
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Stocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut in interest rates. The Dow Jones Industrial Average fell 77 points, or 0.3%, to 27,000, while the S&P 500 declined 4 points, or 0.1%, to 2,994. The Nasdaq Composite was off 5 points, or 0.1%, at 8,148. Stocks ended lower Monday as oil prices surged in the wake of a weekend attack on Saudi Arabian oil-production facilities. Crude pulled back on Tuesday, while investors looked ahead to the outcome of the Fed meeting.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Iran's supreme leader: No talks with the U.S. at any level
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Wall Street was set to open slightly lower on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates.
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The massive U.S. market
rotation into value stocks over the last two weeks is finally
giving value fund managers a reason to be hopeful after years of
underperformance.
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Japanese finance minister Taro Aso said on Tuesday that a currency provision won't be included in a Japan-U.S. bilateral trade deal that the two countries are aiming to conclude by the end of this month.
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 There are lots of key words on those labels, so here are the most important ones to know about.
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There were 39 energy companies in the S&P Composite 1500 with double-digit share-price increases.
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The government's indictment said the scheme ran for eight years and generated millions of dollars in profits for the bank. JPMorgan declined to comment.
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Once you retire, it's helpful to keep several tax opportunities and tax consequences in mind.
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Private Label