Business

Amway, affiliates to pay $225 million to settle US claims they deceived recruits

Thursday, September 17 by SRN News

WASHINGTON, Sept 17 (Reuters) - Multilevel marketing company Amway Corp. and two of its affiliates will pay the U.S. Federal Trade Commission and Washington state $225 million to resolve allegations it recruited new members by deceptive claims about how much money they could make,... Read More.

JP Morgan says it has no clear oil market endgame as Iran conflict drags on

Thursday, September 17 by SRN News

Sept 17 (Reuters) - JP Morgan said on Thursday that it does not have a clear baseline view for oil markets for the first time since the start of the US-Israeli war on Iran. "We simply don't know how to model the endgame," analysts at... Read More.

US FDA approves Ultragenyx’s gene therapy for rare disorder

Thursday, September 17 by SRN News

By Sriparna Roy Sept 17 (Reuters) - The U.S. Food and Drug Administration on Thursday approved Ultragenyx Pharmaceutical's gene therapy, making it the first approved treatment for a rare and fatal childhood disease. The therapy, branded as Fayuvi, was approved for pediatric patients with Sanfilippo... Read More.

GE Aerospace says CPP deal not a blueprint for broader integration

Thursday, September 17 by SRN News

CHICAGO, Sept 17 (Reuters) - GE Aerospace does not see broad vertical integration as the answer to aerospace supply-chain constraints, Chief Financial Officer Rahul Ghai said on Thursday, after the engine maker agreed to buy castings supplier Consolidated Precision Products for $11.75 billion. The company... Read More.

Why the Federal Reserve is lifting rates now, and what it means

Thursday, September 17 by SRN News

WASHINGTON (AP) - About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged. But on Wednesday, the Fed's rate-setting committee unanimously agreed to a rate hike, and nearly all policymakers signaled that... Read More.

The Media Line: India Pushes for Bigger BRICS Role, Avoids Breaking US Ties

Thursday, September 17 by SRN News

India Pushes for Bigger BRICS Role, Avoids Breaking US Ties The outcome allowed India to present BRICS not as a vehicle for replacing one hegemon with another, but as a forum in which states that disagree on security can still coordinate around economic and... Read More.

US rate options signal market can absorb higher Treasury yields

Thursday, September 17 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, Sept 17 (Reuters) - Options markets are anticipating few fireworks in 10-year Treasury trading even as the benchmark yield has risen steadily this year to 5%, underscoring the role of strong U.S. economic growth in driving rates higher and tamping... Read More.

The Iran war is driving clean energy development. It’s not enough to help the planet, yet

Thursday, September 17 by SRN News

Countries are embracing clean power and taking steps to use less energy because of the war against Iran, but it is not yet enough to help address climate change. When the U.S. and Israel launched the war in February, some backers of renewables opined... Read More.

GE Aerospace says GE9X mid-seal issue won’t delay Boeing 777X entry into service

Thursday, September 17 by SRN News

CHICAGO, Sept 17 (Reuters) - GE Aerospace Chief Financial Officer Rahul Ghai said on Thursday he was confident a durability issue with the GE9X engine's mid-seal would not hold up the Boeing 777X's entry into service next year. Speaking at a Morgan Stanley conference, Ghai... Read More.

GM doubles down on diesel pickups as rivals tap hybrids

Thursday, September 17 by SRN News

By Kalea Hall Sept 17 (Reuters) - General Motors is sticking with a diesel engine to maximize fuel efficiency as it rolls out a next-generation pickup truck, diverging from rivals' hybrid offerings. GM plans in the fourth quarter to launch the first major redesign since... Read More.

Current Weather

Amway, affiliates to pay $225 million to settle US claims they deceived recruits

JP Morgan says it has no clear oil market endgame as Iran conflict drags on

US FDA approves Ultragenyx’s gene therapy for rare disorder

GE Aerospace says CPP deal not a blueprint for broader integration

Why the Federal Reserve is lifting rates now, and what it means

The Media Line: India Pushes for Bigger BRICS Role, Avoids Breaking US Ties

US rate options signal market can absorb higher Treasury yields

The Iran war is driving clean energy development. It’s not enough to help the planet, yet

GE Aerospace says GE9X mid-seal issue won’t delay Boeing 777X entry into service

GM doubles down on diesel pickups as rivals tap hybrids

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