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Thursday, September 10, 2015

AMERICAN STOCK EXCHANGE ON SEPT. 10, 2015




Compiled by
Matthew J. Belvedere and Peter Schacknow


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IN THE NEWS TODAY
U.S. stock futures were rather volatile this morning, after the Dow traded in about a 400 point range Wednesday, ending with a 239 point loss as investors looked ahead to next week's Fed meeting. (CNBC)

Almost five years to the day since his famous Fed call on CNBC, hedge fund titan David Tepper joins "Squawk Box" from 8 a.m. ET to 9 a.m. ET this morning, with his latest outlook for the stock market.

Japanese and Chinese stocks were lower by 2.5 percent and 1.5 percent respectively, as economic data out of Asia's top two economies heightened concerns about growth. (CNBC)

China's transition from an economy heavily reliant on manufacturing is a "painful and treacherous" one, Premier Li Keqiang admitted, but added the country is on track to achieve its targets this year. (CNBC)

Alibaba (BABA) Executive Vice Chairman Joe Tsai today said he's not thrilledthe Chinese e-commerce firm's share price has fallen below its listing level a year ago, but he's confident the company is in better shape than it was then. (Reuters)

Dell will invest $125 billion in China over the next five years, chief executive Michael Dell said today, as the computer-maker continues to expand in the world's second-largest economy. (Reuters)

Apple (AAPL) shares were bouncing in the premarket, after falling nearly 2 percent Wednesday following the launch of new iPhones, iPads, Apple TV, Apple Watch features, and a surprise device, the Pencil. (CNBC)

On the same day that Apple unveiled its latest iPhone models, Amazon(AMZN) said it's sold through all the inventory of its Fire Phone, and has no plans to replenish stock in the device. (CNBC)

A California bill that would have curtailed drone usage, prompting the concern and considerable lobbying effort of tech companies like Amazon andGoogle (GOOGL), has died. (Re/code)

Warren Buffett's Berkshire Hathaway (BRK.A) has increased its already large stake in Phillips 66 (PSX) by 6 percent to 61.5 million shares. The additional shares are worth about $282 million. (CNBC)

Stung by years of criticism that it's coddled Wall Street criminals, the Justice Department has issued new policies to prioritize the prosecution of individual employees, not just their companies. (NY Times)

A newly published Rolling Stone article shows GOP front-runner Donald Trump mocking fellow Republican candidate Carly Fiorina's looks when he sees her on TV.

While Donald Trump continues to remain the leader of the pack among GOP presidential nomination candidates in national polls, he holds no favor with the group of business leaders who comprise the CNBC CFO Council.

New York Gov. Andrew Cuomo today plans to propose a $15 hourly minimum wage for all workers, which would give the state the highest pay floor of any in the nation. (WSJ)

The discovery of a new hominin species was announced by an international team of more than 60 scientists today, led by Lee R. Berger, an American paleoanthropologist. (NY Times)
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