UPDATE 1-Largest Dutch pension fund exits Mylan over death penalty concerns AMSTERDAM, Aug 29- The Dutch public employees' pension fund, the world's third largest, has sold all its shares in pharmaceuticals maker Mylan after it emerged that one of the company's products is in stock at a U.S. prison where death sentences are carried out. The move by ABP, which had $416 billion in assets in 2014 according to consultancy Towers Watson, is thought...
| By: Thomas Escritt
China's Commerce Ministry defends devaluation, sees 'limited' impact BEIJING, Aug 29- China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment". On Aug. 11, in a move that stunned markets, China devalued the yuan by nearly 2 percent. China allows the yuan to rise or fall a maximum of 2 percent from a day's midpoint.
A perfect hideout stock Time to play offense or defense? How to position your portfolio, with CNBC's Melissa Lee and the Options Action traders.
INTERVIEW-United Airlines to revamp scheduling to fight flight delays CHICAGO, Aug 28- United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executives told Reuters. The new initiatives aim to narrow the gap in performance between United Continental Holdings Inc and Delta Air Lines Inc, which has the best on-time...
| By: Jeffrey Dastin