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  • 09/22/2017 11:21:46

    DaVita's stock tumbles to lead S&P 500 losers after scathing SIRF report

    Shares of DaVita Inc. tumbled 7.0% in midday trade Friday to pace the S&P 500 decliners, after a Southern Investigative Reporting Foundation (SIRF) report questioned how the medical care services provider received about half its operating profits from the non-profit American Kidney Fund, and the enormous premium received on some dialysis treatments. The report comes after DaVita Chief Executive Kent Thiry avoided answering an analyst's question on how much revenue DaVita generates from dialysis patients whose insurance premiums are paid by the AKF's health insurance payment program. The company didn't immediately respond to a request for comment. Separately, shares of Warren Buffett's Berkshire Hathaway Inc. , which is DaVita's largest shareholder with 38.6 million shares, or 20% of the shares outstanding, slumped 0.8% in midday trade. DaVita's stock has lost 12.5% over the past three months, while the SPDR Health Care Select Sector ETF has gained 0.8% and the S&P 500 has climbed 2.6%.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.

  • 09/21/2017 14:48:00

    Three-Star Chef Asks Michelin Guide To Leave Him Out: 'I Will Be Able To Feel Free'

    Sébastien Bras runs Le Suquet, a restaurant in southern France that first won its three stars in 1999. He cited the pressure of anonymous visits from the guide's inspectors two or three times a year.

  • 09/19/2017 06:21:47

    Walgreens cleared to purchase 1,900-plus Rite Aid stores and more for $4.4 billion

    Walgreens Boots Alliance Inc. said Tuesday that it has gotten regulatory approval to purchase Rite Aid Corp. assets including 1,932 stores, three distribution centers and related inventory for $4.375 billion in cash. This deal updates the terms of the June 2017 agreement, which was a $5.175 billion deal for 2,186 stores. Store purchases are expected to start in October and complete in spring 2018, and will focus primarily on the northeast and southern U.S. The three distribution centers, which won't begin their transition for at least a year, are in Dayville, Conn., Philadelphia, and Spartanburg, S.C. Walgreens will assume certain limited-store liabilities in the transaction, the related leases and give Rite Aid the option to become a member of the Walgreens Boots Alliance's group purchasing organization, which Rite Aid can exercise through May 2019. After the stores are acquired, they are expected to be converted to the Walgreens brand. The deal is not expected to impact adjusted earnings per share in the fiscal year ending August 2018. The company expects synergies of more than $300 million, fully realized within four years of the initial closing. Walgreens shares are unchanged in premarket trading and up 2.2% for the past year. Rite Aid shares are up 2.2% in premarket trading, but down 66% for the last year. And the S&P 500 index is up 17.1% for the past 12 months. 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.

  • 09/13/2017 11:56:02

    UPDATE 1-Out-of-control Alberta wildfire shuts in natural gas production

    CALGARY, Alberta, Sept 13 (Reuters) - Junior Canadian oil and gas producer Questfire Energy Corp has shut in 900 barrels of oil equivalent per day of mostly natural gas production because of a wildfire in southern Alberta, its chief executive said on Wednesday.

  • 09/13/2017 09:04:46

    BRIEF-Goodnight Midstream announces multi-year partnership with Callon Petroleum Company ​

    Goodnight Midstream: * Goodnight Midstream announces multi-year partnership to provide pipeline disposal service for Callon Petroleum Company (CPE) in southern Delaware Basin​ Source text for Eikon: Further company coverage:

  • 09/07/2017 16:27:21

    UPDATE 4-Florida cites complaints over Chevron gas prices as shortages mount

    NEW YORK, Sept 7 (Reuters) - Florida Attorney General Pam Bondi said on Thursday her office had received 45 complaints of inflated prices at Chevron Corp branded gasoline stations in the southern part of the state, as shortages worsened ahead of Hurricane Irma's expected U.S. landfall this weekend.

  • 09/07/2017 13:58:51

    UPDATE 3-Florida cites complaints over Chevron gas prices as shortages mount

    NEW YORK, Sept 7 (Reuters) - Florida Attorney General Pam Bondi said on Thursday her office had received 45 complaints of inflated prices at Chevron Corp gasoline stations in the southern part of the state, as shortages worsened ahead of Hurricane Irma's expected U.S. landfall this weekend.

  • 09/06/2017 15:49:51

    BRIEF-Kansas City Southern says hurricane Harvey impact isolated to Beaumont & Rosenberg subs ‍​

    * Kansas City Southern says hurricane Harvey impact isolated to co's Beaumont & Rosenberg Subs - SEC filing ‍​

  • 09/06/2017 15:46:56

    UPDATE 1-U.S. airlines brace themselves, passengers for Hurricane Irma

    Sept 6 (Reuters) - As Hurricane Irma bore down on the southern United States on Wednesday, airlines adjusted flight schedules, made cancellations and assured passengers they would not have to pay unusually high fares ahead of the storm's arrival.

  • 09/06/2017 15:27:49

    Airlines brace themselves, passengers for Irma's arrival

    Sept 6 (Reuters) - As Hurricane Irma bore down on the southern United States on Wednesday, airlines adjusted flight schedules, made cancellations and assured passengers they would not have to pay unusually high fares ahead of the storm's arrival.

  • 09/05/2017 14:12:19

    CANADA STOCKS-TSX falls as financials falter amid investor jitters

    TORONTO, Sept 5 (Reuters) - Canada's main stock index fell on Tuesday, with bank and insurance company stocks leading a broad selloff amid investor jitters about North Korea and a hurricane heading towards the southern United States.

  • 09/05/2017 12:33:50

    Chipotle adding queso to menus nationwide on September 12

    Chipotle Mexican Grill Inc. said Tuesday that it's adding "all-natural" queso to its menus nationwide on September 12. Chipotle has been testing queso at 350 restaurants across southern California and Colorado. Chipotle's queso will be made with aged cheddar cheese, tomatillos, tomatoes and several varieties of peppers. Pricing will vary slightly by city, but will range from $1.25 to add to an entree, to $5.25 for a large side order. Chipotle shares are down 18.2% for the year so far, while the S&P 500 index is up 9.8% for the period.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.

  • 09/05/2017 09:57:00

    UPDATE 3-'Extremely dangerous' Irma barrels toward Virgin Islands, Puerto Rico

    Sept 5 (Reuters) - Hurricane Irma strengthened into a highly dangerous Category 5 storm on Tuesday as it barreled toward the Caribbean and the southern United States, even as Texas and Louisiana still reeled from devastating Hurricane Harvey.

  • 09/05/2017 09:12:01

    Calling DACA unconstitutional, Sessions says program being rescinded

    Attorney General Jeff Sessions said Tuesday the Obama-era Deferred Action for Childhood Arrivals program is unconstitutional and is being "rescinded." "We cannot admit everyone who would like to come here," Sessions told reporters at the Justice Department. The states of New York and Washington said ahead of Sessions' announcement that if President Donald Trump ended the program they would challenge the decision in court. Sessions said the immigration program was responsible for jobs being denied to Americans, and for a surge of minors at the southern border. 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.

  • 08/31/2017 09:36:36

    Southern gasoline pipeline to shut down due to Harvey

    Colonial Pipeline says it plans to shut down a key line that supplies gasoline to the South due to storm-related refinery shutdowns and Harvey's effect on its facilities west of Lake Charles, Louisiana.

  • 08/28/2017 10:39:55

    Argentina approves construction of Chinese-financed dams in Patagonia

    BUENOS AIRES, Aug 28 (Reuters) - Argentina's government approved the construction of two hydroelectric dams in the southern Patagonia region after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monday.

  • 08/25/2017 14:22:34

    Wine War in Southern France Has Streets Running Red

    Winemakers in the region say their livelihoods are threatened by unfair competition under European trade rules. Now they’re in revolt.

  • 08/25/2017 12:38:58

    Workspace: Cotton, Cigars and Copy: Southern Style in the ‘Garden & Gun’ Office

    A magazine’s chief executive shows a flair for design and makes her guests feel welcome.

  • 08/25/2017 01:32:33

    Bus drives off a pier in southern Russia, killing 12 workers

    Russian investigators say a bus with construction workers has driven off a pier in southern Russia, killing 12 and leaving three others missing.

  • 08/18/2017 09:07:06

    Northern, Southern and Merseyrail strikes set for September

    The RMT said no progress had been made over the future of the role of guards, due to safety and job loss fears.

  • 08/17/2017 13:04:23

    Glencore to start importing fuel for Mexico in February

    Trading firm Glencore (GLCNF) expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, the head of the firm's oil division, Alex Beard, said on Thursday.

  • 08/16/2017 21:49:20

    Tim Cook: Apple donating millions in response to Charlottesville violence

    Apple Inc. Chief Executive Tim Cook condemned white supremacists on Wednesday, and said the company is putting its money where its mouth is. In an email to employees that was obtained by Recode, Cook said the tech giant will donate $1 million each to the Southern Poverty Law Center and the Anti-Defamation League, and that it will match employee donations to human-rights organizations two-to-one through Sept. 30. Cook also said Apple was working on a way to make donations through iTunes. Cook said he disagreed with President Donald Trump's response to the weekend violence in Charlottesville, Va. "This is not about the left or the right, conservative or liberal. It is about human decency and morality," Cook said.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.

  • 08/16/2017 14:19:21

    SEC and DOJ file insider charges seven using stolen bank data

    The Securities and Exchange Commission charged seven individuals on Wednesday with insider trading in what it said was a wide-ranging scheme that generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. The SEC says Daniel Rivas, a former IT employee of a large bank, allegedly misused his access to his former employer's computer system to tip four individuals who traded on confidential information about upcoming transactions and others who also traded and passed along the tips. According to the SEC, the traders profited on market-moving news related to 30 impending corporate deals from October 2014 to April 2017. Rivas also allegedly tipped his girlfriend's father, James Moodhe, who traded on the information and used coded conversations and in-person meetings to relay the tips to his friend, Michael Siva, a financial advisor at a brokerage firm. Siva allegedly used the confidential information to make profitable trades for his brokerage firm clients, earning commissions for himself in the process, and he passed numerous tips along to a client who traded on them. Siva also allegedly traded on behalf of himself and his wife based on two of the tips he got from Moodhe, a former financial services company treasurer. Two of Rivas's friends in Florida, Roberto Rodriguez and Rodolfo Sablon, allegedly discussed tips on an encrypted, self-destructing smartphone messaging application and used shell companies to carry out their insider trading. Rodriguez and Sablon allegedly converted less than $100,000 into more than $2 million in profits by making aggressive options trades based on the confidential information. Rodriguez also is alleged to have passed several tips to one of his friends who also traded. A third alleged trading ring involved Jhonatan Zoquier who profited by trading on inside information communicated through the encrypted messaging application. New Jersey-based Zoquier allegedly passed confidential information to Jeffrey Rogiers of Oakland, California more than once. Rogiers allegedly placed several illegal trades for himself and tipped others to trade. The traders allegedly attempted to evade detection by using shell companies, code words, and an encrypted, self-destructing messaging application. However, the SEC Market Abuse Unit's Analysis and Detection Center used data analysis tools to detect suspicious patterns such as the improbably successful trading across different securities over time. The SEC's investigation is continuing. The U.S. Attorney's Office for the Southern District of New York also filed criminal charges on Wednesday against the same seven individuals. 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.

  • 08/14/2017 15:02:09

    BRIEF-Norfolk Southern announces pricing of previously announced exchange offers, interest rate for new notes

    * Norfolk Southern announces pricing of previously announced exchange offers, interest rate for new notes and acceptance of tendered notes

  • 08/14/2017 14:19:22

    BRIEF-Norfolk Southern appoints Cynthia Earhart chief financial officer

    * Norfolk Southern appoints Cynthia C. Earhart executive vice president and chief financial officer

  • 08/10/2017 14:27:37

    United Automobile Workers Confront Renewed Resistance In The South

    It's been nearly 30 years since the United Automobile Workers started trying to organize at foreign-owned plants in the southern U.S. After a third drubbing at a Nissan plant, the UAW faces as much resistance in the South as it did in the late 1980s.

  • 08/08/2017 10:07:40

    Six UPS workers injured by chemical leak at New Hampshire facility

    Six workers were treated for respiratory problems on Tuesday after nitric acid leaked from a package at a United Parcel Service (UPS) distribution facility in southern New Hampshire, a fire official said. The facility, in Nashua, about 45 miles northwest of Boston, was evacuated following reports of a chemical leak just after 7 a.m. local time, said Nashua Fire Rescue Deputy Chief Karl Gerhard.

  • 08/07/2017 17:15:32

    Spanish skills

    How a small town in southern Spain has become the place where top brands source their leather goods.

  • 08/04/2017 13:56:49

    BRIEF-Georgia Power to finalize Vogtle assessments by August-end

    Southern Co(SO): * Georgia Power says expects to complete schedule and cost-to-complete assessment, for Vogtle nuclear expansion by end of month.

  • 08/04/2017 13:50:53

    Toyota, Mazda invite U.S. states to compete for a rich prize

    Toyota Motor Corp(TM) opened the door to a bidding war among Midwestern and southern states seeking to land jobs and investment when it announced on Friday it would build a $1.6 billion U.S. assembly plant with Mazda Motor Corp. Toyota North America chief Jim Lentz told Reuters in an interview the automaker has not started searching for sites for the plant, expected to employ 4,000 workers, but wou...

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