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Shares gain...Foxconn bill signing...Rolling Stone sale

September 18, 2017

BEIJING (AP) — Global stock markets rose today as investors looked ahead to a U.S. Federal Reserve meeting and U.S. President Donald Trump’s speech at the United Nations. Futures point to opening gains on Wall Street. The dollar gained against the yen and was little-changed against the euro. Benchmark U.S. crude oil rose above $50 per barrel.

MADISON, Wis. (AP) — Wisconsin Gov. Scott Walker plans to sign into law a $3 billion incentive package for electronics giant Foxconn Technology Group. Walker announced Sunday that he will sign the bill today at Gateway Technical College near Racine. That southeast part of Wisconsin is where the Taiwan-based company plans to build a massive display-screen manufacturing plant that could employ thousands of people.

NEW YORK (AP) — Rolling Stone founder Jann Wenner plans to sell his company’s controlling stake in the legendary magazine that chronicled the music and politics of the counterculture movement and changed music journalism forever. The New York Times reports that Wenner and his 27-year-old son, Gus, the president and chief operating officer of Wenner Media, hope to stay on at the magazine, but it’s a decision for the buyer. The elder Wenner says he hopes to find a buyer that understands Rolling Stone’s mission.

DUBAI, United Arab Emirates (AP) — One of the world’s largest port operators, DP World, says it will not be renewing its contract in Indonesia after failing to agree on renewal terms with the government. The Dubai government-backed port operator is a 49% shareholder in Indonesia’s PT Terminal Petikemas Surabaya, located on the northern shore of Java island, with the other 51% owned by the state’s Indonesia Port Corporations. The contract expires at the end of the agreement in 2019. DP World, which trades on the Nasdaq Dubai, operates 78 terminals and ports in 40 countries.

BERLIN (AP) — Researchers say there have been more than 4,500 premature deaths annually in Europe because diesel cars emitted higher levels of pollution than claimed. The study comes two years after Volkswagen was caught cheating on emissions tests in the U.S. The tiny particles emitted are hazardous to human health and contribute to 425,000 estimated annual premature deaths from air pollution in the European Union, Norway and Switzerland.

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