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U.S. markets news

British American Tobacco Offers to Buy Remaining Reynolds Stake for $47 Billion
LONDON— British American Tobacco BTI 0.14 % PLC made a $47 billion takeover offer for the roughly 58% of American peer Reynolds American Inc. RAI 1.90 % that it doesn't already own—a move that would cement the two cigarette giants' longstanding ...
UK Stocks-Factors to watch on Oct. 21  Reuters
BAT Offers to Buy Rest of Reynolds American for $47 Billion  Bloomberg
BBC News  
World stocks drift as investors factor in Fed rate hike
A woman walks by an electronic stock board of a securities firm in Tokyo, Friday, Oct. 21, 2016. Asia stock markets drifted Friday as oil prices slid.
Strong Dollar Upends Asian Markets -- 2nd Update  Nasdaq
Asian markets lower as odds of Fed rate hike increase  MarketWatch
MetLife grounds Snoopy. Curse you, Red Baron!
MetLife is firing Snoopy. After more than 30 years of appearing in print ads, TV commercials, marketing materials, and on the sides of MetLife's blimps at sports events, the company is showing the door to the “Peanuts” character, one of the most ...
MetLife to Snoopy: You're fired!  USA TODAY
Apparently, Snoopy doesn't fly with MetLife anymore; why insurer's ...  Dallas News
Lawmakers Question Price Hikes For Leukemia Drug
Another pharmaceutical company is coming under fire for boosting the price of one of its drugs. Two lawmakers are demanding to know the justification for a more than $80,000 price hike for a year's supply of a drug that treats leukemia patients.
Bernie Sanders wants to know why this cancer drug costs nearly $200000 a year  Washington Post
Lawmakers demand answers on leukemia drug price hikes  Fox News
Venezuela's state oil company is struggling under bond obligations
Venezuela's state-owned oil company has warned that it is in danger of defaulting on its debts after investors declined an offer to swap bonds.
Ex-Venezuela PDVSA boss denies $11 billion corruption allegations  Reuters
2 Venezuela Experts: Friday Bond Deadline, Elections Elevate Risk  Barron's (blog)
Daimler Profit Lifted by E-Class Model Sales
BERLIN— Daimler AG DDAIY 0.91 % reported sharply higher profit in the three months to the end of September, beating expectations as strong sales of its new E-class luxury model in China and sport-utility vehicles drove earnings at its flagship ...
Daimler continues along its successful path in third quarter - record unit ...  PR Newswire (press release)
Here's What's Helping Daimler Offset a Slump in Trucks  Fortune
AT&T Has 120 Billion Reasons to Approach Time Warner Cautiously
AT&T Inc. may be interested in a deal with media giant Time Warner Inc., but the phone carrier's ambitions are constrained by its hefty $120 billion debt load and its desire to keep an investment-grade credit rating.
In yet another giant media merger, AT&T may be trying to buy Time Warner ...  Los Angeles Times
AT&T discussed takeover in meetings with Time Warner: Bloomberg  Reuters
Venmo Is On Track to Process $20 Billion in Payments Per Year
PayPal's payments app had another record quarter. PayPal's popular payments app Venmo is on track to process $20 billion in payments per year, according to PayPal CEO Dan Schulman.
PayPal Holdings' (PYPL) CEO Dan Schulman on Q3 2016 Results - Earnings ...  Seeking Alpha
PayPal Reports Strong Third Quarter Results  Business Wire (press release)
Qualcomm is reportedly nearing a massive deal to buy NXP Semiconductors
The tech giant is in the final stages of negotiations to buy the company in what could be an all-cash deal for $110 to $120 per share, the report said.
Qualcomm Could Announce NXP Deal Next Week  Android Headlines
Report: Qualcomm could acquire NXP Semiconductors next week  SiliconANGLE (blog)
'Jac the Knife' Nasser Is Stepping Down as BHP Billiton Chairman
His retirement was delayed a year by the deadly Samarco dam disaster in Brazil. BHP Billiton Chairman Jac Nasser, one of the most powerful figures in the mining industry, will retire at next year's shareholder meeting, telling investors on Thursday ...
BHP's Chairman Nasser to Step Down After Helming Brazil Crisis  Bloomberg
Sorry BHP, but a closed door hardly shouts 'transparency'