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RIO 2016 Headlines

Business Watch: Fed gives big banks the nod

Tech behemoth Amazon is charging $2.8 million for ad packages that include the 10 Thursday night NFL games it will livestream this season as the retail giant makes its first high-profile push into live sports. A trip to Whole Foods before the game is recommended.

Business Watch: For bets on China, not Mexico

Ford said it will move some production of its Focus model to China, suggesting the world's second-largest economy - and not Mexico - could play a much larger role in future vehicle production for North America. Back in January, U.S. President Trump had slammed Ford for shipping small-car manufacturing to Mexico.

Business Watch: Amazon's blockbuster deal

E-commerce behemoth and the world's largest retailer Amazon extended its reach into the real world stores by acquiring upscale grocer Whole Foods for a whopping $13.7 billion.

Business Watch: Ripping out a nuclear reactor's heart

After a second trading day of rout in the technology sector, investors were trying to decide whether the sell-off was limited to tech stocks or the sign of a broader market malaise. Some took comfort in the fact that, rather than totally abandoning equities, some were rotating into value sectors of the market.

Business Watch: Apple falls, Pandora gets cash infusion

But investors liked the nearly half a billion dollar cash infusion that struggling satellite streaming company Pandora got from Sirius XM Holdings. Reuters first reported that Sirius was looking to invest in Pandora after their merger negotiations fell apart.

Business Watch: Out with the old?

Shares of ShotSpotter, a company that uses gunfire-specific sensors to alert authorities and customers of gun-related incidents, shot up (pun intended) a dazzling 21 percent in their market debut on Wednesday. The California-based firm generates most of its revenue from contracts with the police departments of major cities in the United States.

Business Watch: An Italian squabble

The idea was simple and seemingly airtight: an official "Made in Italy" logo to defend the country's finest food exports from an army of foreign impersonators. Instead, it turned into a fierce debate on what is truly Italian. Read more http://www.reuters.com/article/us-italy-food-idUSKBN18T1ER

Business Watch: Glut problems beyond oil

The U.S. government may have overpaid drugmaker Mylan N.V. by as much as $1.27 billion between 2006 and 2016 for its EpiPen emergency allergy treatment. Commenting on an analysis of the payments carried out by Department of Health and Human Services' Office of Inspector General, Republican Senator Chuck Grassley said: "Taxpayers have a right to know what happened here and to be repaid whatever they are owed." Read more http://www.reuters.com/article/us-mylan-epipen-idUSKBN18R2ZN

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Senate Republicans struggle to salvage healthcare effort

WASHINGTON The top U.S. Senate Republican struggled on Wednesday to salvage major healthcare legislation sought by President Donald Trump, meeting privately with a parade of skeptical senators as critics within the party urged substantial changes. | Video