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(MENAFN - AFP) Heart disease remains the top killer in the United States as a long-term trend of declining mortality has leveled out in recent years, possibly due to rising obesity and diabetes, researchers said Wednesday.

The findings, published in the Journal of the American Medical Association (JAMA) Cardiology, showed that the US national heart-and stroke-related mortality ...

(MENAFN - AFP) Volkswagen cleared a big hurdle with a US deal over compensation for its engine-rigging scam, but the embattled auto giant is still a long way from drawing a line under the affair, observers say.

VW has agreed to a record payout in the US, pledging to buy back or fix vehicles that tricked pollution tests, and pay each owner up to $10,000.

In a settlement ...

(MENAFN - AFP) US pending home sales slumped in May, taking a blow from a tight housing market and rising prices, the National Association of Realtors said Wednesday.

Pending home sales, a forward-looking indicator based on contract signings, had increased for three straight months before hitting the wall in May. Contract signings were lower in all four major regions of the ...

(MENAFN - AFP) US consumers tightened the grip on their wallets in May after an April splurge but spending remained solid in the economy's main growth engine, official data showed Wednesday.

Personal spending rose 0.4 percent last month, the Commerce Department reported, which was stronger than expected.

Adding to the healthy picture on consumer spending, which accounts ...

(MENAFN - AFP) US regulators removed General Electric's finance division from its list of systemically important institutions following large asset sales, the Treasury Department said Wednesday.

GE Capital Global Holdings had been designated in 2013 by a Treasury-led federal advisory panel as requiring much tougher regulatory scrutiny because of its importance to the overall ...

(MENAFN - AFP) Two whistleblowers in the "LuxLeaks" tax scandal were given suspended jail sentences on Wednesday for leaking thousands of documents that exposed Luxembourg's huge tax breaks for major international companies.

The LuxLeaks scandal sparked a major global push against the generous deals handed to multinationals that grew even further after the Panama Papers revelations ...

(MENAFN - AFP) British telecoms giant Vodafone warned Wednesday that the future of its London-based headquarters is in doubt after voters chose to quit the European Union.

EU membership has been important to Vodafone's growth, the group said in a statement, with most of its 462 million customers and 108,000 employees based outside of Britain.

The bloc offered free ...

(MENAFN - AFP) Britain's car sector on Wednesday said its growth depended on the country keeping "unrestricted access" to the European single market -- a situation thrown into doubt by Brexit.

"Our growth depends on certainty and continued open and reciprocal access to the 100-plus markets with which the UK automotive industry so successfully trades," Mike Hawes, chief executive ...

(MENAFN - AFP) Global stock prices rose Wednesday in a second day of recovery from a sharp-sell off prompted by Britain's vote to leave the European Union.

Asian markets led the way on hopes that authorities will unveil fresh stimulus to counter the effects of the shock vote.

Europe followed suit, encouraged by a recovering pound, but analysts warned of a jitters ahead ...

29 Jun 2016   Nike slips as sales disappoint 
(MENAFN - AFP) Sports equipment giant Nike's shares have skidded in disappointment over its sales performance in the face of strong emerging competitors in North America.

Nike, sponsor of leading world sports names including Real Madrid striker Cristiano Ronaldo, revealed Tuesday a rise in quarterly sales -- but it was not as large as investors had anticipated.

"A lot ...

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