Asia stocks fall following recent sell-off; Shanghai composite hits new low since Nov 2014

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. The Shanghai composite also slipped by 1.49 percent to close at around 2,568.10 — its…

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L3 and Harris agree to merge, creating $33.5 billion military technology giant

The Pentagon relies on five major defense contractors. The newly formed L3 Harris Technologies hopes to be a sixth. (Charles Dharapak/AP) Aaron Gregg Reporter covering defense contractors and Washington-area businesses October 14 at 4:46 PM L3 Technologies and Harris Corporation have agreed to merge in an all-stock deal, the two companies announced Sunday, creating a…

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Better Marijuana Stock: Aurora Cannabis vs. Auxly Cannabis Group

At least on two fronts, there’s no contest between Aurora Cannabis (NASDAQOTH:ACBFF) and Auxly Cannabis Group (NASDAQOTH:CBWTF). One is market cap: Aurora’s market cap is nearly 18 times bigger than Auxly’s. Then there’s stock performance. So far this year, Aurora is up close to 38%, while Auxly is down 33%. But market cap and previous performance aren’t…

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Hurricane Michael: Florida insurers to weather effects, analysts say

Florida’s disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael, but has sufficient reserves and backups that providers should be able to pay claims without problems, analysts say. Major national players like State Farm, Allstate and Liberty Mutual write few if any…

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