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McDonald's shares hit record high as new CEO's turnaround plan start to work

The shares of McDonalds' - the world's biggest restaurant chain - jumped more than 8% to hit $110.88 on Thursday. CEO Steve Easterbrook, who took over the helm 8 months ago, stated that the rebound in the quarterly restaurant sales showed that his turnaround plan is starting to take effect.

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Bitcoin startup Abra announces U.S. and Philippines launch

Bitcoin startup company, Abra, recently announced that it is set to launch in the United States and the Philippines after getting $12 million in Series A Round funding from investors, including the American Express and Ratan Tata, the chairman emeritus of Tata Sons.

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U.S.-Indonesia relations

President of Indonesia to Visit Silicon Valley’s tech giants on US trip

Indonesian president is scheduled to visit US's giant tech companies during his first trip in the United States. The trip will start on October 26 and it will be a five-day trip full of bilateral business agenda.

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Starbucks to brew in Italy

A negotiation between the U.S. company and Italian businessman Antonio Percassi to bringing Starbucks to Italy is already in process. The agreement is set to be finalized this coming Christmas according to the newspaper Corriere della Serra.

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Exxon Mobil is fined $2.63 million

The United States court finally comes out with the verdict regarding Exxon Mobil Corp oil spill in 2013. The fine was issued by the U.S. pipeline safety office ordering the oil giant to pay a total of $2.63 million for spilling the crude oil in Arkansas residential Area.

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Islamic State

US freezes assets of Islamic State supporters

The United States imposes sanctions upon 30 individuals and groups linked to the Islamic State. Fifteen people were designated by the Treasury Department as Islamic State supporters, while 10 individuals and five groups were tagged by the State Department as foreign terrorist fighters.

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Caterpillar's part suppliers are feeling the economic slowdown too

The slump business in the mining industry had led Caterpillar to reduce its revenue expectation for this year. The latest revenue projection is $48 billion which is 25 percent lower compared to the last 4 years. The reduction means not only the company will suffer, but its heavy machinery parts supplier is feeling the effects too.

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5.6 Million U.S Federal Officers' Fingerprints were Stolen

The Office of Personnel Management today said that some 5.6 million fingerprints were stolen by the hacker and not 1.1 million like it was previously reported. The new data came after the agency had conducted further investigation together with the Department of Defense.

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U.S.-Cuba relationship

New rules to relief Cuba embargo laid out by White House

New regulations have been issued by the U.S. to alleviate restrictions on American companies venturing business in Cuba and opening up travel in the latest action to soften the US trade embargo on the Communist country.

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Sergio Marchionne

Chrysler-UAW labor pact solves all the big problems except one

Fiat Chrysler Automobiles and the United Auto Workers union reached a new agreement regarding the company's health care and salary system including the 2-tier pay. The new term was discussed after some 40, 000 of the company's worker threaten to go for a strike that could potentially put the production on halt.

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U.S.-China relationship

Obama to host China's president on September 25

President Barack Obama is hosting his Chinese counterpart, Xi Jinping, for an official state visit next week. A state dinner will be held at the White House on September 25 to welcome Xi, who will be accompanied by his wife Peng Liyuan, a Chinese folk singing superstar.

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Lloyd Blankfein

Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B

Vista Equity Partner is nearing to close a deal to buy a Texas-based company, Solera Holdings for $55.85 per share in cash. The total valuation of the deal including Solera's net debt is said to be worth $6.5 billion. The purchase price represents a 13 percent premium to the company's stock value.

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Oil drilling rig

$40 Oil Price and its Impact on U.S Economy

Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics. China stock took a plunge and Dow Jones Industrial average hit its lowest value for 2015 on that day.

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Apple store

Malware for jailbroken iOS devices steal Apple IDs from 225,000 people

Another data theft involving Apple was reported over the weekend where some 225,000 Apple account login data were stolen. The attacks originated from a malware of a family known as KeyRaider. It was distributed widely through an alternative App Store website known as Cydia in China.

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Citigroup Center

Citigroup says it's time to rebuild its equities unit

Citigroup announced that they are planning to rebuild its equity unit soon. The move is seen as a bold action by the bank considering current economic situation and the "Volcker rule" regulation which limits banks investment in such funds.

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