Bezos to visit Cape Canaveral for significant launch briefing
Jeff Bezos and Blue Origin plan a Sept 14 visit to Cape Canaveral for a significant briefing that is expected to confirm intent to build rockets on the Space Coast and launch from Cape Canaveral Air Force Station. The firm has been negotiating a Merritt Island manufacturing facility near Kennedy Space Center.
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Amazon.com
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Mercedes-Benz adds name to NFL stadium in Atlanta
Mercedes-Benz will brand the new Atlanta Falcons home, naming the Mercedes-Benz Stadium to open in 2017. The deal through 2042 covers signage on the sides, roof, tunnels and interior and reflects the brand’s headquarters move to the South. CEO Steve Cannon calls it a big day for the brand.
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Chipotle to Hire 4 000 on National Career Day
Chipotle Mexican Grill plans to hire 4000 new employees on September 9 during its first National Career Day. From 8 to 11 a.m., every U S restaurant will hold open interviews for 60 applicants, with advance online registration available.
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U.S
Markets in Turmoil May Let Fed Keep Rates Low
The stock market turbulence fuels debate on delaying a rate hike at the upcoming September meeting. Futures show a lower chance of a rate increase, with speculation mounting that volatility could justify policy restraint. Investors worry about inflation and growth as Fed Vice Chair Fischer prepares remarks at Jackson Hole.
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Nine S&P 500 stocks still overvalued amid market pullback
USA TODAY says nine S&P 500 stocks including Consolidated Edison Campbell Soup and Pall trade above analysts 18 month targets after the May high. Shares fell but remain pricier than fair value with upside risk from downticks in the broader market. Analysts note some upside protection from solid dividends even as targets may adjust.
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Con Edison
VeriSign
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Sysco
Global markets tremble as China slowdown hits U.S. stocks
A sharp drop in China’s Shanghai index and a 1,000 point Dow dip highlight growing economic links. GM shares fell before rebounding while United Technologies warned of lower Otis profits in 2015, underscoring China’s drag on U.S. corporate profits and sales.
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Charles Wilson
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Otis
Worst point drops in Dow history in July mix
Summers cautioned that higher rates could further push inflation down, raise costs for employers, and strengthen the dollar, risking a hit to U.S. exports. Fed minutes show policymakers flagging an approaching first rate rise but needing more evidence inflation would rise. They also express concern over global troubles, including China.
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