Kuwait Plans to Sell as Much as $9.9 Billion in Dollar Bonds
Kuwait plans to raise as much as $9.9 billion from international debt markets to help plug its budget deficit as lower oil price squeezes public finances.The OPEC member also plans to borrow as much as 2 billion dinars ($6.6 billion) from the domestic market, Finance Minister Anas Al-Saleh said in an e-mailed speech . The budget deficit is expected to widen to 9.5 billion dinars in the 2016-2017 fiscal year, which began April 1, he said.The plunge in oil prices has prompted a flurry of internat..>> view originalAfter market spasm, Wall Street looks past Brexit
By Noel Randewich SAN FRANCISCO (Reuters) - A week-long convulsion in U.S. stocks induced by Britain's vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has created a bounty of uncertainty about the future of the United Kingdom, Europe and the global economy. But since those questions will likely take years to answer, many U.S. investors are focusing on wh..>> view originalWill Social Security Fix Its Mistake That May Be Costing You Tens of Thousands?
SEPTA sidelines one-third of Regional Rail fleet over defect
Jury awards $27M to 4 fired Allstate employees
CHICAGO (AP) - A federal jury has awarded more than $27 million to four former Allstate employees who sued the insurer for defamation.The Chicago Tribune reports (http://trib.in/29cQ955 ) the employees worked for a now-defunct equity division of the Northbrook, Illinois-based company. According to court documents, they were fired in 2009 for allegedly timing trades to increase their incentive bonuses.Allstate blamed “some employees” in a 2010 Securities and Exchange Commission filing for timing ..>> view originalFlint water battle lines
July 03, 2016 8:00 a.m. Updated Flint water battle lines Legal settlement interests may differ for state officials, city residents Photo by Jake May/The Associated Press A reporter asks Attorney General Bill Schuette a question after he filed a civil lawsuit last month against two water engineering companies, saying their negligence caused and exacerbated Flint's lead-tainted water crisis. Attorneys in the Flint water crisis say Attorney General Bill Schuette's recent ..>> view originalWal-Mart Pay comes to Prescott, Prescott Valley
Prescott-area Wal-Mart customers can now leave the wallet at home. With the introduction of Wal-Mart Pay at each of the retailer’s 127 Arizona store locations, customers can now pay with their smartphones at checkout. Wal-Mart is the only retailer to offer its own payment solution that works with any iOS or Android device, at any checkout lane, and with any major credit, debit, pre-paid or Wal-Mart gift card – all through the Wal-Mart mobile app. “The service was built to make shopping easier ..>> view originalBiggest private coal producer warns of cutting 80 percent of workforce, head blames Obama policies
Murray Energy Corp., the largest privately held coal miner in the U.S., has warned that it may soon undertake one of the biggest layoffs in the sector during this time of low energy prices. In a notice sent to workers this week, Murray said it could lay off as many as 4,400 employees, or about 80% of its workforce, because of weak coal markets. The company said it anticipates “massive workforce reductions in September.” The law requires a 60-day waiting period before large layoffs occur. Layof..>> view original
Monday, July 4, 2016
Kuwait Plans to Sell as Much as $9.9 Billion in Dollar Bonds and other top stories.
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