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21 Aug 2014   SP 500 cruises to new record 
(MENAFN - AFP) The S&P 500 set a new record Thursday as US stocks powered higher, shrugging off geopolitical problems elsewhere and gaining from fresh signs of strength in the US economy.

The S&P added 5.86 points (0.29 percent) to hit 1,992.37, four points above the previous record on July 24.

The Dow Jones Industrial Average gained 60.36 (0.36 percent) to ...

(MENAFN - AFP) Two American missionaries who were sickened with the dangerous Ebola virus while working in Liberia are doing better and have been released from an Atlanta hospital, doctors said Thursday.

Doctor Kent Brantly, 33, and Nancy Writebol, 60, both Christian aid workers, were infected with Ebola in Monrovia last month as the largest outbreak in history swept West ...

(MENAFN - AFP) Shares in Switzerland-based global travel group Kuoni plunged on Thursday after the company posted weak results for the first half of 2014, blaming unrest in many parts of the world.

For the first half of the year, Kuoni posted a net loss of 14 million Swiss francs ($15.3 million, 11.6 million euros), a big improvement from the 74.3 million-franc-loss it reported ...

(MENAFN - AFP) Bank of America agreed Thursday to a record nearly $17 billion deal with US authorities to settle claims it sold risky mortgage securities as safe investments ahead of the 2008 financial crisis.

The bank said it would pay out $9.65 billion in cash and provide $7.0 billion in relief to consumers affected by losses tied to those securities.

The settlement, ...

(MENAFN - AFP) Ukraine's economy minister announced his resignation on Thursday following conflicts within the government on how to turn around the dire national economic situation.

"Instead of continuing to fight yesterday's system, I have decided to focus on working with the people of tomorrow," Pavlo Sheremeta wrote on his Facebook page.

His resignation has to be ...

(MENAFN - AFP) Puma, the German sportswear and equipment maker, said on Thursday it intends to acquire up to 5.0 percent of soccer club Borussia Dortmund.

"Sports company Puma intends to take a direct stake in Borussia Dortmund, having sponsored the football club since 2012," it said in a statement.

It would do so by acquiring up to 5.0 percent of the club's share ...

(MENAFN - AFP) Russian authorities launched nationwide inspections of McDonald's restaurants Thursday after shutting three wildly-popular Moscow locations on apparent government orders aimed at striking back against biting Western sanctions.

It was the latest and arguably most resonant salvo in an escalating and economically-bruising trade war over a bloody conflict in Ukraine ...

(MENAFN - AFP) Russia's state-owned VTB bank said Thursday it was ready to resist Western sanctions imposed on it over Ukraine after its second-quarter profits took a knock.

The number two Russian bank said its net profit plunged by over four-fifths from the figure for the same period last year to 1.9 billion rubles ($52 million, 39 million euros).

Its net banking income ...

(MENAFN - AFP) Discount chain Family Dollar rejected a $9.7 billion takeover bid by larger rival Dollar General Thursday, saying the tie-up could run afoul of US anti-monopoly rules.

Dollar General launched a bidding war Monday for Family Dollar Stores, trumping a $9.2 billion Dollar Tree merger deal agreed just weeks ago

But Family Dollar's board said it judged that, ...

(MENAFN - AFP) German engineering giant Siemens said Thursday it has won a contract worth 650 million euros ($862 million) to supply wind turbines to Norwegian power groups Statoil and Statkraft.

"Siemens Energy has received an order from the Norwegian energy utilities Statoil and Statkraft for the 'Dudgeon Offshore Wind Farm' in Britain," the German group said in a statement. ...

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