[ad_1] BERLIN/HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is seeking to replace Chief Executive Matthias Mueller with the head of its core brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the matter said. FILE PHOTO: Herbert Diess from the Volkswagen Group presents the new I.D.…
[ad_1] (Reuters) – Wall Street opened higher on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions. Ten of the 11 major S&P sectors were higher, with technology and energy stocks leading the gainers. The three major U.S. indexes were all up more than a…
[ad_1] (Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal that will also give him a stake in the company. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New…
[ad_1] WASHINGTON (Reuters) – U.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures. FILE PHOTO: Workers box jars of pasta sauce at a plant run by Chelten House Products in Bridgeport, New Jersey July 27, 2015. REUTERS/Jonathan Spicer The Labor…
[ad_1] Splunk has always been known as a company that can sift through oodles of log or security data and help customers surface the important bits. Today, it announced it was going to try to apply that same skill set to Industrial Internet of Things data. IIoT is data found in manufacturing settings, typically come…
[ad_1] An association representing some Tim Hortons franchisees says a prominent member has had his licence renewal denied amid ongoing tensions with the company. The Great White North Franchisee Association board says Mark Kuziora was denied a renewal for one of his two Toronto Tim Hortons outlets as an intimidation tactic. Kuziora, who is on…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) could replace its chief executive as part of an overhaul of its management structure, it said on Tuesday. FILE PHOTO: The Volkswagen logo is seen on a vehicle at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon…
[ad_1] PARIS (Reuters) – Airbus has shelved studies aimed at improving its A320neo family, designed to fend off a mid-market jet that Boeing hopes to build, two people familiar with the matter said. FILE PHOTO: Logo of Airbus is pictured at the Airbus A380 final assembly line at Airbus headquarters in Blagnac, near Toulouse, France,…
[ad_1] (Reuters) – Kroger Co (KR.N) said on Tuesday it would hire 11,000 employees in its supermarket divisions, including Fred Meyer stores and Mariano’s Fresh Market, with nearly 2,000 of them for management roles. FILE PHOTO: A logo of Kroger is displayed on a monitor above the floor of the New York Stock Exchange shortly…
[ad_1] (Reuters) – U.S. stock index futures rose more than a percent on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 29, 2018. REUTERS/Brendan McDermid…
[ad_1] LUXEMBOURG (Reuters) – France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber [UBER.UL] for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley start-up another legal setback. FILE PHOTO: An advertisement for the Uber car and ride-sharing service Uber is seen on…
[ad_1] LONDON (Reuters) – Global equity markets rallied and the Japanese yen fell on Tuesday as Chinese President Xi Jinping’s promise to cut import tariffs eased investor concerns about an escalating U.S.-China trade row. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 19, 2018. REUTERS/Staff/Remote Russian assets…
[ad_1] (Reuters) – Jack Ma’s financial technology business Ant Financial plans to raise $9 billion in its latest round of funding, that could value the company at $150 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. FILE PHOTO: Jack Ma, Executive Chairman of Alibaba Group Holding, gestures as he…
[ad_1] So many people filed complaints with the Commission for Complaints for Telecom-television Services in recent months, the telecom mediator had to add staff to deal with the volume. In its mid-year report released today, the CCTS says it accepted 6,849 complaints between August 2017 and January 2018, a 73 per cent increase over the same period…
[ad_1] LONDON (Reuters) – Global equity markets rallied and the Japanese yen fell on Tuesday as Chinese President Xi Jinping’s promise to cut import tariffs eased investor concerns about an escalating U.S.-China trade row. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 19, 2018. REUTERS/Staff/Remote Russian assets…
[ad_1] BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. While most of the pledges were reiterations of previously announced reforms, which…
[ad_1] FRANKFURT/MILAN (Reuters) – Cryptocurrency miners are moving in to Norway and Sweden to take advantage of cheap hydro-electric energy and low temperatures to power and cool their servers. FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic Iceland has been Europe’s most…
[ad_1] LUXEMBOURG (Reuters) – France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley start-up another legal setback. FILE PHOTO: An advertisement for the Uber car and ride-sharing service Uber is seen on a…
[ad_1] ZURICH (Reuters) – Nestle (NESN.S) will launch a ruby chocolate version of its KitKat brand in Europe next week after it made its debut this year in Japan and South Korea, the Swiss food group said on Tuesday. KitKat became the first consumer brand to market the new chocolate variety developed by Barry Callebaut…
[ad_1] Kinder Morgan has spent plenty of time recently on the defensive as it faces legal challenges against its proposed Trans Mountain expansion pipeline. However, if the project fails, the Houston-based company could go on the offensive to try to recoup billions of dollars. Investors are already asking whether the company will take such action, and some…
[ad_1] NEW DELHI (Reuters) – Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against a judgment from India’s competition watchdog that found it guilty of “search bias”, two sources aware of the matter told Reuters. FILE PHOTO: A man stands in front of a screen during a…
[ad_1] NEW DELHI (Reuters) – Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal against an order from India’s competition watchdog that found it guilty of “search bias” and abuse of its dominant position, two sources aware of the matter told Reuters. Silhouettes of mobile users are seen next…
[ad_1] SINGAPORE (Reuters) – U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalating U.S.-China trade row. FILE PHOTO: Market prices are reflected in a glass window at the…
[ad_1] SINGAPORE (Reuters) – Malaysia Airlines has launched a fresh tender process for 20-30 widebody jets that could supersede a deal with Boeing Co (BA.N) agreed during a high-profile U.S. visit by the country’s prime minister last year, a source with knowledge of the matter said. FILE PHOTO: Men watch Malaysia Airlines aircraft at Kuala…
[ad_1] NEW YORK (Reuters) – Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co…
[ad_1] BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as conciliatory amid rising trade tensions between China and the United States. FILE PHOTO: Chinese President Xi Jinping speaks at the closing session of the…
[ad_1] SEOUL (Reuters) – Samsung Securities Co Ltd’s (016360.KS) woes deepened on Tuesday as South Korea’s biggest pension fund stopped using the broker to trade stocks in the wake of a ‘fat finger’ error that has prompted a huge public outcry and calls for change in the industry. FILE PHOTO The logo of the National…
[ad_1] SINGAPORE (Reuters) – U.S stock futures rallied, Asian shares bounced and the safe haven yen fell on Tuesday as Chinese President Xi Jinping promised to lower import tariffs on products including cars this year, helping soothe investor jitters over an escalating U.S.-China trade row. FILE PHOTO: Market prices are reflected in a glass window…
[ad_1] BOAO, China (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States. FILE PHOTO: Chinese President Xi Jinping speaks at the closing session of the National…
[ad_1] SEOUL (Reuters) – South Korea’s biggest pension fund said on Tuesday it stopped trading stocks through Samsung Securities Co Ltd (016360.KS) after fat finger error resulted in the accidental issuance of 2.8 billion shares to employees. FILE PHOTO The logo of the National Pension Service (NPS) is seen at its branch office in Seoul,…
[ad_1] WASHINGTON (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday and Wednesday will be to defend against calls to regulate internet-based companies. Facebook CEO Mark Zuckerberg arrives for a meeting with Senator Bill Nelson (D-FL) on Capitol Hill in Washington, U.S., April 9, 2018.…
[ad_1] SINGAPORE (Reuters) – Asian shares edged lower on Tuesday as Wall Street retreated from its highs after the FBI raided the offices of U.S. President Donald Trump’s long time lawyer, dampening risk appetite already under strain from an escalating U.S.-China trade spat. FILE PHOTO: Market prices are reflected in a glass window at the…
[ad_1] (Reuters) – The chairman of the National Transportation Safety Board and Tesla Inc Chief Executive Elon Musk had a “constructive conversation” on the agency’s probe into a fatal crash involving a Tesla vehicle that was operating in semi-autonomous Autopilot mode, the agency said on Monday. FILE PHOTO: Rescue workers attend the scene where a…
[ad_1] WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network’s misuse of its members’ data and to head off possible regulation. His apologies precede two days of congressional…
[ad_1] MONTREAL/BENGALURU (Reuters) – The Canadian government on Monday said it was considering all its options on the Trans Mountain pipeline expansion, including a possible investment of public funds to ensure construction goes ahead, after Kinder Morgan Canada halted most work on the project and set a May 31 deadline to scrap the plan. FILE…
[ad_1] HONG KONG (Reuters) – Major Chinese real estate companies are renting more of the apartments they develop as they respond to President Xi Jinping’s demand that China should produce homes to live in not to speculate on. Residential apartments are located in downtown Shenzhen, China April 26, 2017. Picture taken April 26, 2017. REUTERS/Bobby…
[ad_1] BOAO, China/WASHINGTON (Reuters) – China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, but U.S. President Donald Trump again voiced optimism the two sides would hammer out a trade deal. A worker works at a furnace at a steel plant of Dalian Special Steel…
[ad_1] NEW YORK (Reuters) – Despite a steady stream of headlines highlighting U.S. airlines’ customer-service failures, carriers have actually improved in several key areas over the last year, including bumping fewer passengers and losing less baggage, according to a study released on Monday. FILE PHOTO: An Alaska Airlines plane is shown on final approach to…
[ad_1] BOGOTA (Reuters) – Nutresa NCH.CN, Colombia’s largest producer of processed foods, will invest about $94 million in the opening of 50 restaurants and ice cream parlors this year, as well as in its distribution, the company’s chief executive said on Monday. Investment planned for this year exceeds 2017’s by almost 10 percent and Nutresa will…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes rose on Monday as a softer stance by U.S. policymakers on China tariffs powered a rebound from last week’s selloff, but stocks pared much of their gains late in the session after a report that the Federal Bureau of Investigation raided the office of President Donald…
[ad_1] (Reuters) – Wall Street’s major indexes rose on Monday as a softer stance by U.S. policymakers on China tariffs powered a rebound from last week’s sell-off, though stocks pared gains in the final minutes of the trading session. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] WASHINGTON (Reuters) – The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources with knowledge of the plans. FILE PHOTO: The sign outside the Wells Fargo & Co. bank…
[ad_1] (Reuters) – German drugs and pesticides group Bayer AG (BAYGn.DE) has reached a deal with the U.S. Justice Department for antitrust approval for its $62.5 billion bid to acquire Monsanto Co (MON.N) by agreeing to sell additional assets, The Wall Street Journal reported on Monday. FILE PHOTO: The logo of Bayer AG is pictured…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes rose more than 1 percent each on Monday as technology stocks jumped and a softer stance by U.S. policymakers on China tariffs powered a rebound from last week’s sell-off. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] (Reuters) – Business groups and local officials called on Monday for Canada’s government to guarantee an expansion of the Trans Mountain pipeline is completed, after operator Kinder Morgan Canada halted most work on the C$7.4 billion ($5.83 billion) project. FILE PHOTO: Replacement pipe is stored near crude oil storage tanks at Kinder Morgan’s Trans…
[ad_1] (Reuters) – German conglomerate Bayer AG’s (BAYGn.DE) $62.5 billion bid to acquire U.S. seeds company Monsanto Co (MON.N) has won approval from the U.S. Justice Department, after the companies said they would sell off additional assets, the Wall Street Journal reported on Monday. FILE PHOTO: The logo of Bayer AG is pictured at the…
[ad_1] Canadian Tire Corp. says it’s expanding its loyalty program to allow customers to collect and redeem Canadian Tire Money across its various retail brands. The company says starting later this spring, customers will be able to collect money at Sport Chek, Mark’s, Atmosphere and Gas+ locations in addition to Canadian Tire itself, as well…
[ad_1] WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told Congress on Monday that the social media network should have done more to prevent itself and its members’ data being misused and offered a broad apology to lawmakers. His conciliatory tone precedes two days of Congressional hearings where Zuckerberg is set to answer questions…
[ad_1] WASHINGTON (Reuters) – The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans. FILE PHOTO: The sign outside the Wells Fargo & Co. bank in downtown Denver…
[ad_1] WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told Congress in written testimony released on Monday that the social media network did not do enough to prevent misuse of data and apologized. FILE PHOTO: Facebook CEO Mark Zuckerberg speaks on stage during the Facebook F8 conference in San Francisco, California, U.S., April 12,…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) new chief executive faces the same strategic problem that has long preoccupied its top management – whether or not to override the rainmakers and big earners at its powerful investment bank to shrink that business. Christian Sewing’s appointment as chief executive on Sunday and the abrupt departure of…
[ad_1] (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg told Congress in written testimony released on Monday that the social media network did not do enough to prevent misuse and apologized. FILE PHOTO: Facebook CEO Mark Zuckerberg speaks on stage during the Facebook F8 conference in San Francisco, California, U.S., April 12, 2016. REUTERS/Stephen Lam/File…
[ad_1] UK startup Juro, which is applying a “design centric approach” and machine learning tech to help businesses speed up the authoring and management of sales contracts, has closed $2m in seed funding led by Point Nine Capital. Prior investor Seedcamp also contributed to the round. Juro is announcing Taavet Hinrikus (TransferWise’s co-founder) as an…
[ad_1] Firms remain upbeat about future sales, business investment and hiring — but some are predicting a moderation following last year’s red-hot pace, the Bank of Canada’s latest business outlook survey said Monday. The central bank’s quarterly poll of about 100 firms found overall business sentiment remained positive and above historical averages, even though the…
[ad_1] (Reuters) – All three major U.S. indexes rose more than a percent on Monday as gains in technology shares and a softer stance by U.S. policymakers on China trade tariffs powered a rebound in stocks from last week’s selloff. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Kinder Morgan Canada is open to discussing the idea of having the Alberta government invest in the controversial Trans Mountain pipeline expansion. Premier Rachel Notley first raised the idea on Sunday in responding to the news that Kinder Morgan is suspending all non-essential spending on the project while it seeks to reduce the risk to…
[ad_1] BOAO, China (Reuters) – Jack Ma, founder of Chinese e-commerce giant Alibaba, on Monday urged Facebook Inc to resolve its data privacy problems, a day before the social media giant’s founder, Mark Zuckerberg, was due to appear at U.S. congressional hearings. FILE PHOTO – Jack Ma, Executive Chairman of Alibaba Group Holding, gestures as…
[ad_1] (Reuters) – Merck & Co’s (MRK.N) blockbuster drug Keytruda helped previously untreated lung cancer patients live longer in a late-stage trial, potentially cementing its position as the dominant player in the lucrative lung cancer market. Merck’s cancer drug Keytruda. REUTERS/via Merck Shares of the drugmaker were up 3.1 percent at $55.07. Merck is already…
[ad_1] The all-you-can-watch company MoviePass that’s been dubbed by some as a “Netflix for theatres” hasn’t revealed plans to come to Canada, but its competitor has quietly launched here. Sinemia, founded by Turkish entrepreneur Rifat Oguz, provides a service that it says is more sustainable and less too good to be true. While a $9.95…
[ad_1] Mexico’s economy minister on Monday said he saw an 80 per cent chance of a new NAFTA deal by the first week of May, and said in a TV interview that conditions were not right for reaching an agreement this week. Ildefonso Guajardo said U.S. negotiators were under pressure to strike a new deal…
[ad_1] (Reuters) – SandRidge Energy Inc (SD.N), which is in the middle of a proxy fight with top shareholder Carl Icahn, said on Monday it would evaluate buyout offers, including one from Icahn. FILE PHOTO – An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock…
[ad_1] In an interview last month Parker Harris and Marc Benioff told the story of how when they first launched the company, they were trying to raise money and nobody would give them a dime. Benioff said he went to every venture capital in Silicon Valley — and was turned down every single time. This…
[ad_1] MEXICO CITY (Reuters) – Mexico’s economy minister on Monday said he saw an 80 percent chance of a new NAFTA deal by the first week of May, and said in a TV interview that conditions were not right for reaching an agreement this week. Flags of Canada, Mexico and the U.S. are seen before…
[ad_1] (Reuters) – Wall Street was on track to open higher on Monday, recovering from last week’s trade tariff driven selloff, after officials of the Trump administration stressed the dispute with China could be resolved through talks. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Kinder Morgan has set the stage for two months of high drama. The company announced Sunday that it is suspending non-essential activities and related spending for the Trans Mountain pipeline expansion, casting a cloud over the future of the $7.4-billion project. It said it would still try to get agreements that would see the project advance but would need…
[ad_1] (Reuters) – Hilton Worldwide Holdings Inc’s (HLT.N) main shareholder HNA Tourism Group will sell about 63 million shares of Hilton common stock in a secondary offering, making good on signals it would exit its stake in the U.S. hotel operator. FILE PHOTO – The logo of Hilton hotel is seen in Batumi, Georgia, May…
[ad_1] (Reuters) – U.S. stock index futures rose on Monday ahead of the start of earnings season, pointing to an easing of last week’s selloff after officials of the Trump administration stressed the trade dispute with China could be resolved through talks. FILE PHOTO – Traders work on the floor of the New York Stock…
[ad_1] BEIJING (Reuters) – China’s quality watchdog said on Monday that Tesla Inc (TSLA.O) will recall a total of 8,898 Model S vehicles in the country from June 28. A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Tesla has been voluntarily recalling Model S sedans built before April…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) is moving further into gene therapy with a $8.7 billion deal for AveXis (AVXS.O) that gives the Swiss drugmaker a rare-disease treatment seen reaping billions in sales and bolsters its technology base. Logo of Swiss drugmaker Novartis is seen at its branch in Schweizerhalle near Basel, Switzerland, March 29,…
[ad_1] FRANKFURT (Reuters) – Christian Sewing must quickly come up with a coherent strategy for Deutsche Bank after the retail banking veteran was promoted to chief executive of Germany’s largest lender. FILE PHOTO: Deutsche Bank board member Christian Sewing attends the bank’s annual news conference in Frankfurt, Germany, February 2, 2017. REUTERS/Kai Pfaffenbach Sewing, 47,…
[ad_1] SEOUL (Reuters) – General Motors Co’s (GM.N) South Korean unit said on Monday it may discontinue its Spark mini car and replace it with a crossover, on falling demand in key U.S. market. The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji Sales…
[ad_1] (Reuters) – Viacom Inc (VIAB.O) has asked CBS Corp (CBS.N) to sweeten its merger bid by about $2.8 billion or almost a quarter more than CBS’s offer, people familiar with the matter said, indicating the wide gap in the U.S. media firms’ price expectations. The Viacom logo is displayed on the doors of a…
[ad_1] BOAO, China (Reuters) – China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for frictions and repeating that it was impossible to negotiate under “current circumstances”. A worker works at a furnace at a steel plant of Dalian Special…
[ad_1] LONDON (Reuters) – Global stocks rose on Monday as the U.S. government played down fears of a trade war with China that has roiled markets over the last week. The DAX (German stock index) logo is seen at the stock exchange in Frankfurt, Germany, March 23, 2018. REUTERS/Kai Pfaffenbach The two countries have threatened…
[ad_1] Diane Bennett says banks shouldn’t be allowed to increase the limits on customers’ lines of credit without their permission, just as they can’t increase the limit on customers’ credit cards without express consent. The Burlington, Ont., woman is speaking out after BMO repeatedly increased a joint line of credit she signed for with her…
[ad_1] One of the simplest rules of economics is that when things are in short supply, prices rise enough to make the problem go away. Yet as unemployment rates in Canada and the United States reach lows not seen for decades, so far, that rule seems to have been broken. In Canada, last week’s employment figures showed that in…
[ad_1] BOAO, China (Reuters) – Chinese state researchers and media have talked down the likely impact of U.S. trade measures on the world’s second largest economy and described the Trump administration’s posturing on trade as the product of an “anxiety disorder”. A worker works at a furnace at a steel plant of Dalian Special Steel…
[ad_1] MILAN (Reuters) – Shares in Telecom Italia (TLIT.MI) dropped as much as 5 percent before paring losses on Monday as a battle continues among key shareholders in the Italian phone group. FILE PHOTO: A Telecom Italia’s control unit for fiber optics is seen in Perugia, Italy, June 23, 2017. REUTERS/Alessandro Bianchi/File Photo Telecom Italia’s…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank’s leadership must take tough decisions to avoid further setbacks and will review the structure of its investment bank, new CEO Christian Sewing told staff on Monday. FILE PHOTO: Deutsche Bank board member Christian Sewing attends the bank’s annual news conference in Frankfurt, Germany, February 2, 2017. REUTERS/Kai Pfaffenbach Retail…
[ad_1] SYDNEY (Reuters) – Asian shares crept higher on Monday as a rally in U.S. stock futures soothed sentiment even as U.S. President Donald Trump kept up his twitter war with China just a couple of days before President Xi Jinping gives a keynote speech. A man walks past an electronic stock quotation board outside…
[ad_1] HONG KONG (Reuters) – When Charles Li, chief executive of the Hong Kong Exchange, last year announced plans to help the next wave of Chinese tech giants go public in the city, bankers celebrated. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank leadership must take “tough decisions” to avoid another setback like in the fourth quarter, when its net loss widened, and stick with its cost targets, new Chief Executive Christian Sewing said in a letter to employees. FILE PHOTO: Deutsche Bank board member Christian Sewing attends the bank’s annual news…
[ad_1] WASHINGTON (Reuters) – A trade group representing top technology companies on Monday told U.S. Treasury Secretary Steven Mnuchin that it opposes the Trump administration’s focus on tariffs to try to change China’s unfair trade practices. U.S. Treasury Secretary Steven Mnuchin speaks during a news conference at the G20 Meeting of Finance Ministers in Buenos…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) said on Monday it plans to buy AveXis (AVXS.O) for $218 per share in a cash deal totaling $8.7 billion as the Swiss drugmaker adds a company whose top drug hopeful, for spinal muscular atrophy, has U.S. breakthrough therapy designation. Logo of Swiss drugmaker Novartis is seen at its…
[ad_1] HONG KONG (Reuters) – Shares of Russian aluminum giant United Company Rusal Plc (0486.HK) plunged as much as 41.8 percent on Monday as investors bailed on the stock after it was included in a new list of U.S. sanctions targeting Russian companies and their owners. FILE PHOTO: Aluminium ingots are seen stored at the…
[ad_1] SYDNEY (Reuters) – Asian shares crept higher on Monday as a bounce in U.S. stock futures soothed sentiment even as U.S. President Donald Trump kept up his twitter war with China just a couple of days before President Xi Jinping gives a keynote speech. A man walks past an electronic stock quotation board outside…
[ad_1] HONG KONG (Reuters) – Shares of United Company Rusal Plc (0486.HK) fell 31 percent on Monday after the Russian aluminum giant was included in a new U.S. sanctions list. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Siberia, July 27, 2016. Picture taken…
[ad_1] SYDNEY (Reuters) – Asian shares edged higher on Monday as a bounce in U.S. stock futures soothed sentiment even as U.S. President Donald Trump kept up his twitter war with China over trade just a couple of days before President Xi Jinping gives a keynote speech. A man walks past an electronic stock quotation…
[ad_1] SYDNEY (Reuters) – Asian shares started flat on Monday as U.S. President Donald Trump kept up his twitter war with China over trade just a couple of days before President Xi Jinping gives a keynote speech on his policy priorities. A man walks past an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] (Reuters) – Kinder Morgan Canada (KML.TO) on Sunday suspended most work on a contentious C$7.4 billion ($5.8 billion) pipeline expansion that has become the focus of protests, and said it would decide by May 31 whether to continue. FILE PHOTO: Workers construct the Anchor Loop section of Kinder Morgan’s Trans Mountain pipeline expansion in…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) named retail specialist Christian Sewing as its new chief executive officer with immediate effect on Sunday, signaling a possible retreat from almost three decades of empowering investment bankers at Germany’s largest lender. Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February…
[ad_1] (Reuters) – Kinder Morgan Canada (KML.TO) on Sunday suspended most work on a contentious C$7.4 billion ($5.80 billion) pipeline expansion project that has become the focus of protests and said it would decide by May 31 whether to press ahead. FILE PHOTO: Workers construct the Anchor Loop section of Kinder Morgan’s Trans Mountain pipeline…
[ad_1] BUPYEONG, South Korea (Reuters) – When Lee Bum-yeon lost his job along with nearly 2,000 other union workers in 2001 after South Korea’s Daewoo Motor went bankrupt, his neighbors at supermarkets and bakeries gave his young daughters free snacks and bread. FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant…
[ad_1] (Reuters) – Kinder Morgan Canada Ltd (KML.TO) said on Sunday it is suspending all non-essential activities and relatedspending on the expansion project for its Trans Mountain Pipeline. FILE PHOTO: Workers construct the Anchor Loop section of Kinder Morgan’s Trans Mountain pipeline expansion in Jasper National Park in a 2009 file photo. Kinder Morgan Canada/Handout/File…
[ad_1] FRANKFURT (Reuters) – Christian Sewing has been named the new chief executive of Deutsche Bank (DBKGn.DE) with immediate effect, replacing John Cryan, the bank said on Sunday. Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski The decision was taken by the bank’s…
[ad_1] Kinder Morgan is suspending “non-essential activities” and related spending for the Trans Mountain pipeline project, citing ongoing opposition from the British Columbia government. “In the current environment, we will not put [Kinder Morgan] shareholders at risk on the remaining project spend,” Steve Kean, Kinder Morgan’s chair and chief executive officer, said in a press…
[ad_1] MEXICO CITY (Reuters) – Talks to rework the North American Free Trade Agreement (NAFTA) are not advanced enough for the United States, Mexico and Canada to announce a deal “in principle” at this month’s Summit of the Americas in Lima, according to two people familiar with matter. Flags of Canada, Mexico and the U.S.…
[ad_1] Salesforce has always been a company that is looking ahead to the next big technology, whether that was mobile, social, internet of things or artificial intelligence. In an interview with Business Insider’s Julie Bort at the end of March, Salesforce co-founders Marc Benioff and Parker Harris talked about a range of subjects including how…
[ad_1] FRANKFURT (Reuters) – Adidas expects to close down stores in the coming years as part of a shift towards selling more goods online, its chief executive told a newspaper. Adidas sport shoes are seen before the company’s annual news conference in Herzogenaurach, Germany March 14, 2018. REUTERS/Michael Dalder In an interview with the Financial…
[ad_1] The growth of Windows has slowed as Microsoft’s mobile platform goals have faded and the PC market matured. As a result, Microsoft has had to seek new revenue outside of its operating system. In 2017, as part of that effort to grow, Microsoft announced a new subscription product called Microsoft 365, bringing together Windows, the company’s…
[ad_1] RIYADH (Reuters) – Saudi Arabia’s stock exchange expects an influx of foreign funds to smooth the listing of national oil firm Saudi Aramco, despite concern among some analysts about whether the market can absorb the huge offer, the exchange’s chief executive said on Sunday. FILE PHOTO – Chief Executive Officer of the Saudi Stock…
[ad_1] FRANKFURT (Reuters) – Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank (DBKGn.DE), is to become the new CEO of Germany’s biggest lender, replacing John Cryan, two people familiar with the matter told Reuters on Sunday. Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2,…
[ad_1] NEW DELHI (Reuters) – A special court of India’s Central Bureau of Investigation (CBI) issued non-bailable warrants against two Indian jewelers who are central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB) (PNBK.NS), according to a source within the investigative agency. FILE PHOTO: A man reads a newspaper outside…
[ad_1] CHICAGO (Reuters) – Escalating tensions between the United States and China have triggered a flurry of U.S. soybean purchases by European buyers, in one of the first signs that trade tariff threats lobbed between the world’s top two economies are disrupting global commodity trade flows. FILE PHOTO: Soybeans being sorted according to their weight…
[ad_1] FRANKFURT (Reuters) – Christian Sewing, currently co-deputy chief executive officer of Deutsche Bank (DBKGn.DE), is to become the new CEO of Germany’s biggest lender, replacing John Cryan, a person familiar with the matter told Reuters on Sunday. Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2,…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) co-deputy chief executive Christian Sewing is to become the new CEO of Germany’s biggest bank, a person familiar with the matter told Reuters on Sunday. Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski Sewing tops a…
[ad_1] DUBAI (Reuters) – A Dubai-based cryptocurrency company called Alibabacoin Foundation has rebuffed allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding (BABA.N) in a U.S. lawsuit last week. FILE PHOTO – A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang…
[ad_1] HOUSTON (Reuters) – Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. FILE PHOTO – Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain,…
[ad_1] MILAN (Reuters) – Proxy adviser Glass Lewis has recommended Telecom Italia (TIM) (TLIT.MI) investors back a proposal by activist fund Elliott to replace six board members and shake up the way top shareholder Vivendi (VIV.PA) runs the phone group, a document showed. Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Feeling duped by water heater rentals If you’re buying a house, beware of the fine print. You could be on the hook for an expensive water heater rental…
[ad_1] FRANKFURT (Reuters) – Christian Sewing, currently co-deputy chief executive officer, is to become the new CEO of Deutsche Bank (DBKGn.DE), replacing John Cryan, Der Spiegel magazine reported on Sunday. Christian Sewing, member of the board of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski A spokeswoman for Deutsche Bank…
[ad_1] HOUSTON (Reuters) – Saudi Aramco IPO-ARMO.SE took the first steps toward expanding the largest U.S. refinery on Saturday, which is operated by its subsidiary Motiva Enterprises. FILE PHOTO – Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017.…
[ad_1] BEIJING (Reuters) – Chinese state media on Sunday called on industrial and commercial sectors in the United States to rally against President Donald Trump’s plans for an additional $100 billion in tariffs against Chinese goods. Shipping containers and train wagons are seen at a port in Lianyungang, Jiangsu province, China April 6, 2018. REUTERS/Stringer…
[ad_1] HOUSTON (Reuters) – Saudi Aramco IPO-ARMO.SE is studying a multi-billion dollar plan to build a petrochemical plant at the Port Arthur, Texas, refinery operated by its subsidiary Motiva Enterprises LLC [MOTIV.UL], sources familiar with the company’s plans said on Saturday. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) supervisory board intends to “take a decision” on Sunday after discussing John Cryan’s job at the helm of the bank, the German lender said late on Saturday. Deutsche Bank building before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski In a brief statement,…
[ad_1] When two Edmonton men started bottling and selling air from Banff and Lake Louise, Alta., some people thought it was a farce, but about four years later the duo’s expanded their line to also include products with the country’s glacier and spring waters as main ingredients. Troy Paquette and Moses Lam co-founded Vitality Air…
[ad_1] CHICAGO (Reuters) – Chicago Federal Reserve Bank President Charles Evans, one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate increases will be appropriate. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans takes a question during a…
[ad_1] PARIS (Reuters) – Air France grounded just under a third of flights on Saturday as staff staged a walkout over pay, and travelers also braced for a fresh wave of train strikes starting later in the day, crippling much of France’s transport network. The industrial action at France’s flag carrier – marking the fifth…
[ad_1] Many people working in American cable news pondered the same question this week: Why did hundreds of anchors for Sinclair Broadcast Group all recently agree to read the same editorial on air? And more specifically, if they were opposed to it — as many were reported to have privately conceded — why didn’t they just refuse or quit? The answer…
[ad_1] ZAGREB (Reuters) – Russia’s Sberbank (SBER.MM) may get around 30 percent of Croatia’s indebted food group Agrokor [AGROK.UL] following a debt settlement, a Croatian newspaper reported on Saturday. FILE PHOTO: FILE PHOTO: Agrokor logo is seen at the company’s headquarters in Zagreb, Croatia, March 22, 2017. REUTERS/Antonio Bronic//File Photo Agrokor, the biggest employer in…
[ad_1] FRANKFURT (Reuters) – The possible replacement of Deutsche Bank (DBKGn.DE) CEO John Cryan could be discussed on a supervisory board call scheduled on Sunday evening by Chairman Paul Achleitner, two people familiar with the matter told Reuters. Deutsche Bank CEO John Cryan during the bank’s annual news conference in Frankfurt, Germany, February 2, 2018.…
[ad_1] MANILA (Reuters) – The Philippines’ anti-trust agency said on Saturday it has ordered Uber Technologies Inc [UBER.UL] to continue domestic operations as it reviews the ride hailing firm’s deal to sell its money-losing Southeast Asian business to rival Grab. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference…
[ad_1] FRANKFURT (Reuters) – The possible replacement of Deutsche Bank (DBKGn.DE) Chief Executive John Cryan could be discussed on a call with board members scheduled on Sunday evening by Supervisory Board Chairman Paul Achleitner, German newspaper Handelsblatt reported. Deutsche Bank CEO John Cryan during the bank’s annual news conference in Frankfurt, Germany, February 2, 2018.…
[ad_1] Canada the U.S. and Mexico are close to an agreement in principle on the future of North America Free Trade Agreement, CBC News has learned. A source with direct knowledge of the negotiations between the three countries said a few more weeks of talks may be all that is needed, but an announcement could come…
[ad_1] Is Facebook good for the world? That’s what the world’s biggest social network is asking some users in a snap poll this week as the company faces its biggest crisis to date. When some Facebook users log into their accounts, a poll appears under the heading “We’d like to do better” with a statement that says “Please…
[ad_1] NEW YORK (Reuters) – The rockiest U.S. stock market in two years will meet a major test in the coming weeks as first-quarter earnings pour in, with expectations that tax cuts will help Corporate America show its biggest quarterly profit growth in seven years. Any disappointments could further upset the fragile market. FILE PHOTO:…
[ad_1] (Reuters) – Facebook Inc (FB.O) said on Friday that it had suspended Canadian political consultancy AggregateIQ from its platform after reports that the data firm may have improperly had access to the personal data of Facebook users. FILE PHOTO – Silhouettes of laptop users are seen next to a screen projection of Facebook logo…
[ad_1] (Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended Wells Fargo & Co shareholders vote for all Wells Fargo board nominees at the bank’s annual meeting on April 24. FILE PHOTO – The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking The backing…
[ad_1] BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc,(GS.N) concerned about its costs and the bank’s heavy use of stock-based compensation. FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange…
[ad_1] WILMINGTON, Del. (Reuters) – A U.S. bankruptcy judge approved on Friday procedures for auctioning the film studio co-founded by Harvey Weinstein, who was fired by the company last year in the wake of allegations of sexual assault. FILE PHOTO: Harvey Weinstein speaks at the UBS 40th Annual Global Media and Communications Conference in New…
[ad_1] HOUSTON (Reuters) – Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company’s U.S. operations. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES…
[ad_1] SANTA ROSA, Calif./CHICAGO (Reuters) – Federal Reserve Chairman Jerome Powell and the incoming chief of the New York Fed on Friday stuck closely to a unified script on the economic outlook, in separate appearances sketching a picture of gradual interest-rate hikes ahead. But as global stocks fell on jitters over escalating U.S.-China trade tensions,…
[ad_1] (Reuters) – CBS Corp (CBS.N) said on Friday it nominated Richard Parsons, a former chairman of Citigroup Inc (C.N) and Time Warner Inc (TWX.N) as an independent director, as the company renews its push to merge with Viacom Inc (VIAB.O). FILE PHOTO: Richard Parsons speaks during a news conference at Staples Center in Los…
[ad_1] NEW YORK (Reuters) – Boeing Co (BA.N) has won a closely watched contest to supply 47 new 787 Dreamliner jets to American Airlines (AAL.O), beating European rival Airbus (AIR.PA) for the highly coveted widebody order. FILE PHOTO: The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach, California March 14,…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped about 2 percent on Friday, with the Dow falling more than 570 points, as U.S. President Donald Trump’s latest tariff threat on Chinese imports fueled increasing concern over a U.S. trade war with China. Stocks added to losses and hit session lows in afternoon trading after Federal…
[ad_1] (Reuters) – That little tab on the rear pocket of your Levi’s jeans is now the subject of a lawsuit. FILE PHOTO – People walk past a Levi’s clothing store at Tbilisi Mall in Tbilisi, Georgia, April 22, 2016. REUTERS/David Mdzinarishvili Levi Strauss & Co on Friday sued the French luxury house Kenzo, accusing…
[ad_1] NEW YORK (Reuters) – “Don’t overreact,” President Donald Trump’s chief economic adviser told investors on Wednesday, when U.S. stocks were deep in the red over worries about the administration’s plan for $50 billion of import duties aimed at China. Shipping containers and train wagons are seen at a port in Lianyungang, Jiangsu province, China…
[ad_1] NEW YORK (Reuters) – Morgan Stanley (MS.N) Chief Executive James Gorman’s overall pay rose 20 percent to $27 million in 2017, according to bank filings released on Friday. FILE PHOTO: Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington October 10, 2014. REUTERS/Joshua Roberts…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Facebook Inc backed for the first time on Friday proposed legislation requiring social media sites to disclose the identities of buyers of online political campaign ads and introduced a new verification process for people buying “issue” ads, which have been used to sow discord online. FILE PHOTO: Facebook Founder and…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped about 2 percent on Friday, with the Dow falling more than 570 points, as U.S. President Donald Trump’s latest tariff threat on Chinese imports fueled increasing concern over a U.S. trade war with China. Stocks added to losses and hit session lows in afternoon trading after Federal…
[ad_1] WASHINGTON (Reuters) – The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, according to two sources familiar with the administration’s thinking. FILE PHOTO: New cars sit in the lot at the Boston Autoport, which handles automobile import, processing and distribution for approximately…
[ad_1] North American stocks markets plunged in afternoon trading Friday after comments from the White House and the Federal Reserve heightened the prospect of a global trade war. The Dow Jones industrial average fell as low as 23,738, dropping more than 700 points, or 3.1 per cent, before paring losses to a close of 23,932.76, a…
[ad_1] WASHINGTON (Reuters) – When Liu He, Chinese President Xi Jinping’s top economic adviser, came to Washington in late February, he was expected to make arrangements for restarting trade talks that President Donald Trump had put on ice. FILE PHOTO: U.S. President Donald Trump reacts as he departs the White House for a trip to…
[ad_1] BEIJING/WASHINGTON (Reuters) – China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion of Chinese goods. Trump, in light of what he called China’s “unfair retaliation”…
[ad_1] CHICAGO (Reuters) – The Federal Reserve will likely need to keep raising U.S. interest rates to keep inflation under control, Fed Chairman Jerome Powell said, adding that it was too soon to know if rising trade tensions would hit the U.S. economy. FILE PHOTO: Federal Reserve Chairman Jerome Powell speaks at a news conference…
[ad_1] Nearly half of all new condos sales that were finalized last year in the Greater Toronto Area were for rental purposes, but income from them could be falling short of ownership costs, according to a new study by CIBC. Rental investors accounted for 48 per cent of new condo closings in 2017— with the majority of them buying the property…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Friday endorsed U.S. legislation to regulate political ads across the internet, a concession to lawmakers days before he is scheduled to testify in two U.S. congressional hearings. FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8…
[ad_1] The Ontario Securities Commission is gathering information on several cryptocurrency trading platforms after it received a number of complaints. The regulator says the platforms, and any businesses that allow cryptocurrencies that are securities to trade on them, may be offside securities laws. It says any platform that offers this type of trading must determine…
[ad_1] (Reuters) – The Dow Jones Industrial Average fell more than 450 points and the other main indexes slipped on Friday after U.S. President Donald Trump’s latest tariff threat on Chinese imports revived fears of a trade war between the two countries. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] WASHINGTON, (Reuters) – The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to further raise interest rates this year. Nonfarm payrolls increased by 103,000 last month,…
[ad_1] KIEV (Reuters) – Ukraine’s largest airline may launch new legal action over the entry of Irish low-cost carrier Ryanair (RYA.I) into the market if its complaints over airport slots are not addressed, its chief executive told Reuters on Friday. FILE PHOTO: A Ryanair Boeing 737 aircraft is parked at Boryspil International Airport outside Kiev,…
[ad_1] PRAGUE (Reuters) – Union representatives at Volkswagen-owned Skoda Auto (VOWG_p.DE) said on Friday they had accepted management’s offer to raise wages by 12 percent, averting a strike at one of the largest manufacturing plants in the Czech Republic. FILE PHOTO: The logo of Skoda is seen during the 87th International Motor Show at Palexpo…
[ad_1] PRAGUE (Reuters) – Unions at Volkswagen’s Skoda Auto (VOWG_p.DE) have accepted management’s offer to raise wages by 12 percent, the unions said on Friday. FILE PHOTO: The logo of Skoda is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann/File Photo Union leadership plans to vote…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) tipped a surprise record first-quarter profit on Friday but market reaction was muted due to growing concerns that the semiconductor boom that has driven the South Korean tech giant’s earnings is about to end. Samsung shares fell after the announcement as analysts forecast similar or lower…
[ad_1] BRUSSELS (Reuters) – Facebook (FB.O) has confirmed that the data of 2.7 million EU citizens were among those improperly used by political consultancy Cambridge Analytica, the EU executive said on Friday. A 3D-printed Facebook logo is seen in front of the logo of the European Union in this picture illustration made in Zenica, Bosnia…
[ad_1] (Reuters) – U.S. stock indexes opened lower on Friday as renewed fears of a trade conflict between the United States and China outweighed a lower-than-expected March jobs data that eased concerns over aggressive interest rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5,…
[ad_1] BEIJING/WASHINGTON (Reuters) – China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion in Chinese goods. In light of China’s “unfair retaliation” against earlier U.S. trade…
[ad_1] China warned it would fight back “at any cost” with fresh measures to safeguard its interests if the United States sticks to its protectionist actions, after U.S. President Donald Trump threatened additional tariffs in a worsening trade dispute between the world’s two biggest economies. Responding to Trump’s comments, the commerce ministry on Friday reiterated…
[ad_1] Canada’s economy added 32,000 new jobs in March, but the jobless rate remained steady at 5.8 per cent. Statistics Canada reported Friday that the economy added more than 68,000 full-time jobs during the month, but more than 35,000 part-time jobs were eliminated. The March figures mean Canada’s economy has added 296,000 jobs over the past…
[ad_1] WASHINGTON, (Reuters) – The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest rates further this year. Job seekers and recruiters gather at TechFair…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday the United States has already lost any trade war, as he defended his proposed tariffs against Chinese goods, saying the move might cause “a little pain” but the United States will be better off in the long run. U.S. President Donald Trump walks as…
[ad_1] PARIS (Reuters) – French luxury handbag maker Hermes (HRMS.PA) said on Friday it had opened a new manufacturing plant in eastern France, as rivals like LVMH’s (LVMH.PA) Louis Vuitton also expand leather goods production to keep up with thriving Chinese demand. FILE PHOTO: An employee holds an Hermes diamond and Himalayan Nilo Crocodile Birkin…
[ad_1] (Reuters) – Netflix Inc (NFLX.O) is attempting its largest acquisition, offering more than $300 million to acquire a company that owns billboards across Los Angeles, including West Hollywood’s famed Sunset Strip, according to people familiar with the matter. The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California,…
[ad_1] LONDON (Reuters) – Stock markets edged downwards on Friday after U.S. President Donald Trump’s threat to impose an extra $100 billion in tariffs on China exacerbated fears of a more serious trade dispute, while the dollar paused ahead of crucial U.S. payrolls data. The German share price index, DAX board, is seen at the…
[ad_1] LONDON (Reuters) – Stock markets fell on Friday after U.S. President Donald Trump’s threat to impose an extra $100 billion in tariffs on China exacerbated fears of a more serious trade dispute, while the dollar paused ahead of crucial U.S. payrolls data. The DAX (German stock index) logo is seen at the stock exchange…
[ad_1] FRANKFURT (Reuters) – Germany’s largest supermarket group Edeka has written to its stores recommending that they drop more of Nestle’s (NESN.S) products in an escalation of a pricing row between the world’s biggest packaged food maker and European retailers, a trade journal reported. The Nestle logo is pictured on the company headquarters entrance building…
[ad_1] MOSCOW (Reuters) – Russia’s state communications watchdog said on Friday it had filed a lawsuit to limit access to the Telegram messaging app after the company refused to give Russian state security services access to its users’ secret messages. Silhouettes of mobile users are seen next to a screen projection of Telegram logo in…
[ad_1] SEOUL (Reuters) – South Korea on Friday urged General Motors Co’s local subsidiary and labor union to reach a wage deal swiftly, saying the government will be able to discuss support for the money-losing unit on condition of an agreement. The logo of GM Korea is seen at its Bupyeong plant in Incheon, South…
[ad_1] SINGAPORE (Reuters) – Regulatory scrutiny could complicate ride-hailing company Grab’s takeover of Uber Technologies’ Southeast Asian business, but there is little the authorities can do to stop Uber from simply exiting the region, lawyers and analysts said. A car passes a Grab passenger stand and an Uber office in Penang, Malaysia April 4, 2018.…
[ad_1] They’re in the air, soil and Arctic ice. There’s even a massive soupy patch three times the size of France strewn across the Pacific Ocean. Microplastics have been found in almost every environment on the planet, and according to a Marketplace investigation, they are also in Canada’s leading bottled water brands. Researchers at McGill…
[ad_1] As U.S. President Donald Trump threatens what many say is an unnecessary trade war with China, he may be creating an even more dangerous and powerful trade competitor. Rather than cowing China into submission with trade threats, experts who study international trade say, Trump may instead be hastening the day when the Asian giant supersedes the United States as…
[ad_1] BEIJING (Reuters) – China warned it would fight back “at any cost” with fresh measures to safeguard its interests if the United States sticks to its protectionist actions, after President Donald Trump threatened an extra $100 billion in tariffs in a worsening trade dispute between the world’s two biggest economies. Responding to Trump’s comments,…
[ad_1] NEW DELHI (Reuters) – India has asked authorities in Hong Kong to arrest jeweler Nirav Modi, one of the main suspects in a $2-billion fraud at state-run Punjab National Bank (PNBK.NS), the government said, suggesting it believes the fugitive is in the Chinese territory. A Nirav Modi showroom is pictured in New Delhi, India,…
[ad_1] China warned it would fight back “at any cost” with fresh measures to safeguard its interests if the United States sticks to its protectionist actions, after U.S. President Donald Trump threatened an extra $100 billion US in tariffs in a worsening trade dispute between the world’s two biggest economies. Responding to Trump’s comments, the…
[ad_1] SEOUL (Reuters) – South Korean prosecutors searched offices at a Samsung Electronics Co Ltd (005930.KS) unit on Friday as part of a probe into allegations the conglomerate had sabotaged workers’ efforts to strengthen labor unions, the prosecutors’ office said. A Samsung Electronics office is seen in Suwon, south of Seoul, South Korea April 6,…
[ad_1] MOSCOW (Reuters) – Russia’s standards agency Rosstandart said on Friday it has been informed about the recall of 86,620 Mitsubishi Motors Corp (7211.T) Outlander cars sold in Russia from February 2007 to June 2012. FILE PHOTO: The logo of Mitsubishi Motors Corp. is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October…
[ad_1] TOKYO (Reuters) – Stock markets slipped on Friday after U.S. President Donald Trump proposed tariffs on more Chinese products, aggravating trade tensions, while the dollar steadied before the closely watched U.S. non-farm payrolls report. FILE PHOTO: Men are refelcted in a screen displaying market indices outside a brokerage in Tokyo, Japan April 19, 2016.…
[ad_1] WASHINGTON (Reuters) – U.S. job growth likely slowed in March as the boost from mild temperatures faded, but the gains were probably more than enough to push the unemployment rate down to 4.0 percent, indicating the labor market continues to tighten. Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Thursday directed U.S. trade officials to identify tariffs on $100 billion more Chinese imports, upping the ante in an already high-stakes trade confrontation between the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone,…
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department presented evidence on Thursday to show that AT&T (T.N), owner of DirecTV, viewed buying Time Warner (TWX.N) as a way to make viewers stick with their pay TV service instead of moving to cheaper online providers. An AT&T logo is pictured in Pasadena, California, U.S., January 24,…
[ad_1] SEOUL (Reuters) – South Korean prosecutors searched offices at a Samsung Electronics Co Ltd unit on Friday as part of a probe into allegations that the conglomerate sabotaged worker efforts to set up stronger labor unions, Yonhap News Agency said. A Samsung Electronics office is seen in Suwon, south of Seoul, South Korea April…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) tipped a surprise record first-quarter profit on Friday as analysts said strong chip margins and the early launch of its flagship Galaxy S9 smartphone likely masked broader weakness in the mobile market. The logo of Samsung Electronics is seen at its office building in Seoul, South…
[ad_1] TOKYO (Reuters) – U.S. stock futures slid and the yen rose against the dollar on Friday after U.S. President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite. FILE PHOTO: Men are refelcted in a screen displaying market indices outside a brokerage in Tokyo,…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Thursday he had instructed U.S. trade officials to consider $100 billion in additional tariffs against China, upping the ante in an already high-stakes trade confrontation between the world’s two biggest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part of the Shanghai…
[ad_1] WASHINGTON (Reuters) – The United States is willing to negotiate with China on trade, but only if talks are serious, as previous attempts produced little progress, a senior U.S. official told Reuters late on Thursday as trade tensions between the two nations escalated. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port,…
[ad_1] (Reuters) – Proxy advisory firm Institutional Shareholder Services on Thursday recommended that shareholders of General Electric Co (GE.N) vote against keeping accounting firm KPMG as the company’s auditor because of “concerns about GE’s previously undisclosed liabilities and accounting practices.” FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine…
[ad_1] (Reuters) – Currency market moves as a result of the trade dispute between the United States and China have more or less run their course and only a flare-up in the conflict will change the outlook significantly, a Reuters poll of strategists suggests. U.S. dollar notes are seen in this November 7, 2016 picture…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Thursday he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fueling an already heated trade dispute between the world’s two biggest economies. Members of border security forces stand in front of a docking cargo ship at Qingdao port in Shandong…
[ad_1] U.S. President Donald Trump has instructed the U.S. trade representative to consider slapping $100 billion US in additional tariffs on Chinese goods. The move comes a day after China issued a $50 billion list of U.S. goods including soybeans and small aircraft for possible tariff hikes in an escalating and potentially damaging dispute. The…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Thursday he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, again ratcheting up tensions with Beijing. U.S. President Donald Trump speaks to reporters aboard Air Force One after visiting White Sulphur Springs, West Virginia, U.S., April 5, 2018. REUTERS/Kevin Lamarque…
[ad_1] NEW YORK (Reuters) – The Dow and the S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew. The Cboe Volatility Index…
[ad_1] Aboard Air Force One (Reuters) – U.S. President Donald Trump said on Thursday he would take a serious look at policies to address what he says are the unfair business advantages of online retailer Amazon.com Inc (AMZN.O) FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City,…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) said on Thursday it would reorganize its businesses, giving newly-appointed Chief Operating Officer Luca Mignini more control over its main units, including soup, simple meals and shelf-stable beverages. FILE PHOTO: Cans of Campbell’s Soup are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan…
[ad_1] NEW YORK (Reuters) – U.S. airline JetBlue Airways Corp (JBLU.O) said on Thursday it has awarded Pratt & Whitney a contract to supply engines for its total fleet of 85 Airbus (AIR.PA) A320neo aircraft, more than doubling the carrier’s previous contract with the engine maker. FILE PHOTO: The logo of United Technologies and their subsidiary Pratt…
[ad_1] ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Thursday he would take a very serious look at policies that might affect online retailer Amazon.com Inc. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo Speaking to…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) said on Thursday it would reorganize its businesses to give more control of its main units to a newly-appointed chief operating officer. FILE PHOTO: Cans of Campbell’s Soup are displayed in a supermarket in New York City, U.S. February 15, 2017. REUTERS/Brendan McDermid/File Photo The company, which appointed…
[ad_1] Strength in the energy sector helped push Canada’s main stock index to triple-digit gains as worries about a trade war between China and the United States eased. The S&P/TSX composite index closed up 191.68 points at 15,356.05, led by energy and base metals. In New York, the Dow Jones industrial average closed up 240.92…
[ad_1] NEW YORK (Reuters) – The Dow and S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew. The Dow Jones Industrial Average…
[ad_1] SAN FRANCISCO (Reuters) – As a stock rebound on Thursday put the S&P 500 on track for its strongest three-day performance since 2016, a look at the recent performance of most of the index’s components paints a different picture, illustrating signs of weakness in Wall Street’s health. Traders work on the floor of the…
[ad_1] NEW YORK (Reuters) – The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. FILE PHOTO: An oil pump is seen operating in the Permian Basin near…
[ad_1] (Reuters) – Shares of Facebook Inc rose as much as 4.2 percent on Thursday, after Chief Executive Officer Mark Zuckerberg said the social network had not seen any meaningful impact on usage or ad sales in the wake of a data privacy scandal. FILE PHOTO: Facebook CEO Mark Zuckerberg, appears on stage during a…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is planning to integrate its corporate and investment bank in an effort to reduce costs, the Wall Street Journal reported on Thursday, citing people familiar with the matter. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo The bank’s…
[ad_1] NEW YORK (Reuters) – Target Corp has agreed to pay $3.74 million and upgrade its hiring process to settle a lawsuit claiming its use of criminal background checks kept thousands of black and Hispanic job applicants from getting employment. A Target logo is seen during the going-out-of-business sale at Target Canada in Toronto, February…
[ad_1] (Reuters) – Wall Street rose on Thursday afternoon as investors shrugged off fears of an escalating trade conflict between the United States and China and looked forward to the quarterly earnings season. Boeing (BA.N), among the worst hit stocks on Wednesday after China retaliated with $50 billion in tariffs on U.S. goods, rose 2.4…
[ad_1] Buying a house became more affordable in Canada for the first time in over two years in the last quarter of 2017, according to a new report from the Royal Bank of Canada, but the relief for buyers will likely not last. RBC’s overall housing affordability measure fell by 0.2 percentage points to 48.3 per cent in…
[ad_1] A public spat with some of its franchisees and outrage over its response to minimum wage hikes seems to have made a dent in Canadians’ much-publicized love for Tim Hortons this year, as the iconic coffee and doughnut chain has plummeted on an annual ranking of brands by market research firm Leger. Every year,…
[ad_1] As more and more spending moves online — whether that’s shopping or subscribing to services like Netflix and Spotify — there’s increasing demand for tools that allow those companies, especially smaller ones, to start getting paid. Stripe has made its name by providing developers with a simpler way to start charging customers and handling…
[ad_1] BEIJING/WASHINGTON (Reuters) – China would win any trade war with the United States, the country’s state media said on Thursday, as U.S. officials sought to ease market jitters over escalating tensions between the world’s two biggest economies. Sports utility vehicles (SUVs) waiting to be exported are seen at a port in Lianyungang, Jiangsu province,…
[ad_1] (Reuters) – The S&P 500 on Thursday headed for its best three-day rise since President Donald Trump’s election as technology and industrial shares bolstered a recovery on easing trade war concerns. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018. REUTERS/Brendan McDermid Shares of…
[ad_1] Google Cloud is launching a new feature today that will give its users a new way to monitor and optimize how their data flows between their servers in the Google Cloud and other Google Services, on-premises deployments and virtually any other internet endpoint. As the name implies, VPC Flow Logs are meant for businesses…
[ad_1] (Reuters) – China’s HNA Group Co Ltd, the heavily indebted aviation-to-financials conglomerate, plans to sell some or all of its $6.3 billion stake in Hilton Worldwide Holdings Inc (HLT.N), underlining its need to shed assets and tackle a cash crunch. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza…
[ad_1] OTTAWA (Reuters) – The United States, Mexico and Canada are “moving forward in a significant way” at talks to modernize the NAFTA trade pact, Canadian Prime Minister Justin Trudeau said on Thursday. Canada’s Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, March…
[ad_1] (Reuters) – Monsanto Co (MON.N) on Thursday reported weaker-than-expected earnings for a second straight quarter, saying its corn business dropped as U.S. farmers planted fewer acres this spring, while low crop prices continued to drag the sector. FILE PHOTO: Monsanto is displayed on a screen where the stock is traded on the floor of…
[ad_1] BEIJING/WASHINGTON (Reuters) – China has never surrendered to external pressure and it will win any trade war with the United States, the nation’s state media stressed in the hours after the world’s two top economies targeted each other with planned steep tariffs. Sports utility vehicles (SUVs) waiting to be exported are seen at a…
[ad_1] Procurement isn’t the most exciting topic in the world, but for large businesses, it’s an area where inefficiencies can quickly affect the bottom line. Simply getting a complete view of all of the products and services that a company buys is a challenge in itself, though, which in turn makes it hard to find…
[ad_1] LONDON (Reuters) – Nobody wins a trade war, International Monetary Fund chief Christine Lagarde said in March. But for some European companies, a bit of friction couldn’t hurt. European producers of aircraft, telecoms equipment and whisky could stand to benefit if U.S.-China trade tensions allow them to chip away at their American rivals’ share…
[ad_1] (Reuters) – Facebook (FB.O), Amazon (AMZN.O) and industrial stocks helped Wall Street extend its recovery on Thursday as fears over a trade war between the United States and China eased. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., April 4, 2018. REUTERS/Lucas…
[ad_1] The gap between what Canada sells to the rest of the world and what it buys widened to $2.7 billion in February, as imports surged more than exports did. Statistics Canada reported Friday that the country’s trade deficit widened from $1.9 billion in the previous month, as the country imported $48.6 billion worth of goods while…
[ad_1] PARIS (Reuters) – A major European carmaker could be brought “to its knees” by carbon dioxide emissions fines, allowing a Chinese buyer to step in with its own electric vehicle technology, Peugeot maker PSA Group’s chief executive said. Carlos Tavares, Chairman of the Managing Board of Groupe PSA, speaks during a presentation during the…
[ad_1] (Reuters) – U.S. stocks on Thursday looked set to add to late-session gains from a day earlier as concerns over a trade war between the United States and China eased on signs that the world’s two biggest economies were open to negotiations on tariffs. Traders work on the floor of the New York Stock…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon complimented the administration of President Donald Trump in his annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts are helping his bank make more money. Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. speaks during…
[ad_1] MONTREAL/SINGAPORE (Reuters) – China’s plan to slap tariffs on some U.S.-made planes will hit demand for Gulfstream and Boeing business jets but benefit Canada’s Bombardier (BBDb.TO) and other rivals seeking a larger share of Asia’s biggest market, jet brokers and analysts said. Bombardier’s logo is seen on the building of the company’s service centre…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCHA.MI) said on Thursday its board had tasked management to proceed with spinning off Magneti Marelli and distributing shares in a new holding for 99-year old parts business to FCA investors. Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit,…
[ad_1] (Reuters) – U.S. stocks on Thursday looked set to build on a strong recovery in the previous session as fears about a trade war between the United States and China cooled on signs that the two countries were open to negotiations on tariffs. Traders work on the floor of the New York Stock Exchange…
[ad_1] FRANKFURT (Reuters) – German carmakers BMW (BMWG.DE) and Daimler (DAIGn.DE) are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington’s growing trade tensions with China. The BMW logo is seen on a vehicle at the New York Auto Show in the…
[ad_1] MILAN (Reuters) – Italian fashion house Dolce & Gabbana has rejected all acquisition offers it has received and its founders have created a trust for the future of the brand, the two designers said in an interview on Thursday. The logo of Dolce e Gabbana is seen in a shop in downtown Rome, Italy…
[ad_1] LONDON (Reuters) – World stocks edged higher on Thursday as investors responded to signs of an easing of Sino-U.S. trade tensions by dipping back into riskier assets. The DAX (German stock index) logo is seen at the stock exchange in Frankfurt, Germany, March 23, 2018. REUTERS/Kai Pfaffenbach The MSCI world equity index .MIWD00000PUS, which…
[ad_1] MILAN (Reuters) – Italian fashion house Dolce & Gabbana has rejected all acquisition offers it has received and its founders have created a trust for the future of the brand, the two designers said in an interview on Thursday. The logo of Dolce e Gabbana is seen in a shop in downtown Rome, Italy…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Janet Yellen visited Wall Street for a paid appearance two months after stepping down as Fed chair, discussing the economy and interest rates at an event hosted by investment bank Jefferies that included a sit-down dinner for forty. FILE PHOTO: Federal Reserve Chair Janet Yellen poses for IMF Governors…
[ad_1] LONDON (Reuters) – World stocks edged higher on Thursday as investors used signs of an easing of Sino-U.S. trade tensions to dip back into riskier assets. The DAX (German stock index) logo is seen at the stock exchange in Frankfurt, Germany, March 23, 2018. REUTERS/Kai Pfaffenbach The MSCI world equity index .MIWD00000PUS, which tracks…
[ad_1] ATHENS (Reuters) – Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo Uber, which operates a licensed…
[ad_1] While few are suggesting the good outweighs the bad in what’s looking increasingly like a trade war between the world’s two largest economies, that’s not to say there won’t be any individual winners and losers as the battles unfold. Here’s a look at just a few: Loser: stock market investors There’s likely no better…
[ad_1] BEIJING (Reuters) – China has never surrendered to external pressure and it will win any trade war with the United States, the nation’s state media stressed in a series of editorials and columns in the hours after the world’s two top economies targeted each other with steep tariffs. Workers transport imported soybeans at a…
[ad_1] TOKYO (Reuters) – Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted. FILE PHOTO: A pedestrian casts a shadow in front of an electronic stock quotation…
[ad_1] MENDOZA, Argentina (Reuters) – As the trade dispute between the United States and China was gaining steam last month, a half-dozen Chinese dancers and a person in a panda bear suit paraded across a stage inside a hotel lobby in the heart of Argentina’s wine country. FILE PHOTO: Soybeans are harvested on a farm…
[ad_1] ZURICH (Reuters) – Swiss specialty chemicals maker Clariant (CLN.S) said on Thursday it expected North America to become its second-largest market with sales of about $2 billion by 2021. FILE PHOTO: A woman stands next to a logo of Swiss specialty chemicals company Clariant ahead of a news conference to present the company’s full-year…
[ad_1] SEOUL (Reuters) – South Korea has designated the city of Gunsan an ‘industrial crisis zone’, expanding its support for the area following plans by General Motors (GM.N) to shut down a plant as well as the closure of a shipyard last year. GM Korea workers from the Gunsan factory protest in Seoul, South Korea…
[ad_1] TOKYO (Reuters) – Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted. FILE PHOTO: A pedestrian casts a shadow in front of an electronic stock quotation…
[ad_1] (Reuters) – Department store chain Sears Holding Corp (SHLD.O) and Delta Air Lines Inc (DAL.N) said on Wednesday some of their customer payment information may have been exposed in a cyber security breach at software service provider [ 24]7.ai. A Delta Air Lines flight is pushed put of its gate at the airport in…
[ad_1] (Reuters) – Delta Air Lines Inc (DAL.N) said on Wednesday some of its customer payment information may have been exposed in a cyber security breach at software service provider [24]7.ai. A Delta Air Lines flight is pushed put of its gate at the airport in Salt Lake City, Utah, U.S., January 12, 2018. REUTERS/Mike…
[ad_1] SYDNEY (Reuters) – Global miner BHP Billiton (BHP.AX) (BLT.L) said on Thursday it had made a final decision to leave the World Coal Association (WCA) over differences on climate change but would remain a member of the U.S. Chamber of Commerce. Australian mining company BHP’s new corporate logo, released to Reuters from their Melbourne,…
[ad_1] TOKYO (Reuters) – Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted. FILE PHOTO: A pedestrian casts a shadow in front of an electronic stock quotation…
[ad_1] (Reuters) – Nike Inc’s (NKE.N) chief human resources officer, Monique Matheson, said on Wednesday that the company needs to accelerate representation of women and people of color at leadership levels. FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo Twenty-nine percent of…
[ad_1] (Reuters) – A federal bankruptcy judge approved a settlement on Wednesday between Philadelphia Energy Solutions and the U.S. Environmental Protection Agency allowing the refiner to shed a significant portion of financial obligation under the nation’s biofuel laws. FILE PHOTO: The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset…
[ad_1] BOSTON (Reuters) – Activist hedge fund Starboard Value LP plans to press ahead with a proxy fight at consumer products group Newell Brands Inc (NWL.N), saying more work is needed to repair the company even after rival activist Carl Icahn won board seats last month. FILE PHOTO: Jeffrey Smith, Managing Member, CEO and Chief…
[ad_1] (Reuters) – Escalating trade tensions between the United States and China may dent production of German luxury SUVs made in the U.S. South and sent to China, with exports from electric vehicle maker Tesla Inc (TSLA.O) and Ford Motor Co (F.N) also vulnerable. FILE PHOTO: A Tesla logo is seen in Los Angeles, California…
[ad_1] BOSTON (Reuters) – Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc (EFX.N) of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of 147 million people, a state court judge has ruled. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices…
[ad_1] (Reuters) – General Electric Co (GE.N) said on Wednesday that it planned to provide restated results for 2016 and 2017 to reflect a new accounting standard by April 13. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016.…
[ad_1] (Reuters) – J. M. Smucker Co (SJM.N) said on Wednesday it would buy Rachael Ray Dog food maker Ainsworth Pet Nutrition for about $1.9 billion in cash to strengthen its pet food portfolio, and was exploring options for its U.S. baking business, including a sale. FILE PHOTO: Containers of Smuckers’s Jam are displayed in…
[ad_1] WASHINGTON/BEIJING (Reuters) – The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it “takes two to tango.”(Graphic: U.S. trade in…
[ad_1] (Reuters) – Broadcom Inc said on Wednesday it had completed its move back to the United States from Singapore, weeks after President Donald Trump blocked its $117 billion offer to buy Qualcomm Inc on national security grounds. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine,…
[ad_1] NEW YORK (Reuters) – The buzzy debut of Spotify Technology SA (SPOT.N) on the New York Stock Exchange on Tuesday drew retail investors across generations, not just the Millennials who make up the largest proportion of the music streaming service’s customer base, retail brokerages said on Wednesday. FILE PHOTO: The Spotify logo is displayed…
[ad_1] (Reuters) – J. M. Smucker Co (SJM.N) said on Wednesday it would acquire pet food and pet snacks maker Ainsworth Pet Nutrition in an all-cash transaction for about $1.7 billion to strengthen its pet food portfolio in an fast-growing pet food market. FILE PHOTO: Containers of Smuckers’s Jam are displayed in a supermarket in…
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. Traders react as they work on the floor of…
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes staged a big comeback to close higher on Wednesday as investors turned their focus towards earnings and away from a trade conflict between the United States and China that wreaked havoc early in the session. Traders react as they work on the floor of the…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) said on Wednesday that the personal information of up to 87 million users may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million. FILE PHOTO: Silhouettes of mobile users are seen next to a screen…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) said on Wednesday that the personal information of up to 87 million users may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million. FILE PHOTO: Silhouettes of mobile users are seen next to a screen…
[ad_1] WASHINGTON (Reuters) – In attempting to punish China for its trade practices, President Donald Trump may open the door for other countries to grab U.S. market share, including Mexico and Japan, which he has also targeted with sharp trade rhetoric. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part of the…
[ad_1] One of the joys of cloud computing is handing over your data to the cloud vendor and letting them handle the heavy lifting. Up until now that has meant they updated the software or scaled the hardware for you. Today, AWS took that to another level when it announced Amazon DynamoDB Continuous Backups and Point-In-Time…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) plans to revise the written policies that people agree to when they use the social network, it said on Wednesday, adding language about the protection of personal data as it prepares to comply with a strict new European law. FILE PHOTO: Silhouettes of mobile users are seen…
[ad_1] AWS’ S3 storage service today launched a cheaper option for keeping data in the cloud — as long as developers are willing to give up a few 9’s of availability in return for saving up to 20 percent compared to the standard S3 price for applications that need infrequent access. The name for this…
[ad_1] WASHINGTON/BEIJING (Reuters) – President Donald Trump’s administration said on Wednesday talks with Beijing could resolve an escalating U.S.-China trade fight after China retaliated against U.S. proposals to slap tariffs on $50 billion in Chinese goods by targeting key American imports with similar duties. Just 11 hours after the Trump administration proposed 25 percent tariffs…
[ad_1] LONDON (Reuters) – The top executives of bailed-out Italian bank Monte dei Paschi di Siena (BMPS.MI) told investors in London on Wednesday the bank is making progress with its turnaround plan, two fund managers who attended the meetings said. FILE PHOTO: The entrance of Monte Dei Paschi di Siena is seen in San Gusme…
[ad_1] (Reuters) – U.S. stocks were marginally higher in afternoon trading on Wednesday, recovering from a steep drop at the start of the session on fears of a deepening trade conflict between the United States and China. Traders react as they work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] (Reuters) – U.S. automakers could be forced to rethink future production plans for several vehicles if the tit-for-tat tariff dispute brewing between the United States and China erupts into a full-blown trade war. FILE PHOTO: General Motors Co. displays its U.S. version of the Buick Envision crossover, the first China-built car imported to the…
[ad_1] BEIJING/WASHINGTON (Reuters) – China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower. Beijing responded after U.S. President Donald Trump’s…
[ad_1] Former Twitter product lead April Underwood is getting another promotion this morning, now rising to the role of chief product officer of what aims to be the dead-simple employee communications platform Slack, according to Fortune. Underwood previously served as director of product at Twitter, where she worked for five years before joining Slack as…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) said on Wednesday it planned to revise the written policies that people agree to when they use the social network, adding language about the protection of personal data as it prepares to comply with a strict new European law. FILE PHOTO: Silhouettes of mobile users are seen…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is not attacking the business sector with his recent critiques of Amazon.com Inc (AMZN.O) but wants the online retailer to do more when it comes to taxes, his economic adviser said on Wednesday. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of…
[ad_1] SAO PAULO (Reuters) – Volkswagen AG (VOWG.DE) plans to produce its first SUV in Brazil, it said on Wednesday, betting on a rebound in Latin America’s market despite signs of caution from rivals such as Honda Motor Co (7267.T). The Volkswagen logo is seen on a vehicle at the New York Auto Show in…
[ad_1] North American stocks got off to a rocky start on Wednesday as investors pulled back after the world’s two biggest economies released details of tariffs against each other, heightening global trade war fears. China released a list of 106 U.S. goods valued at $50 billion US on Wednesday that could face a 25 per…
[ad_1] (Reuters) – General Motors Co (GM.N) will stop production of its subcompact Chevrolet Sonic by as early as this year, the Wall Street Journal reported citing people familiar with the matter. FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan, U.S., October 26, 2015. REUTERS/Rebecca…
[ad_1] (Reuters) – Boeing and Apple led a slide in big U.S. manufacturers and technology companies on Wednesday, bearing the brunt of a deepening trade conflict between China and the United States. China and the United States announced tariffs on $50 billion of each others’ imports. But, while Washington’s list covers many obscure industrial items,…
[ad_1] SINGAPORE/SHANGHAI (Reuters) – China on Wednesday announced plans to place a 25 percent tariff on certain U.S. aircraft, in a move expected to affect some older Boeing Co (BA.N) narrowbody models, according to documents from China’s Ministry of Commerce and the U.S. manufacturer. FILE PHOTO: Boeing employees are pictured in front of a 737…
[ad_1] (Reuters) – The Dow Jones Industrial Average sank more than 2 percent at the open on Wednesday as big U.S. manufacturers, grain merchants and chipmakers bore the brunt of a deepening trade conflict between China and the United States. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York,…
[ad_1] The quick-to-tweet American president’s recent flurry of posts attacking Amazon.com raises the political stakes in the tech titan’s consideration of Toronto, the only non-American city on the short list, for its second headquarters. It’s unlikely Donald Trump’s social media missives will sway the decision either in Toronto’s favour or that of any of its…
[ad_1] (Reuters) – Big U.S. manufacturers, grain merchants and chipmakers were the early casualties on Wednesday after China and the United States announced tariffs on $50 billion of each others’ imports, cementing fears they were moving toward a trade war. Traders work on the floor of the New York Stock Exchange, (NYSE) in New York,…
[ad_1] Canada’s largest real estate board says home sales in the Greater Toronto Area were down 39.5 per cent year-over-year in March. The Toronto Real Estate Board says GTA realtors reported 7,228 residential transactions during the month compared to a record 11,954 sales in March 2017. New listings totalled 14,866, representing a 12.4 per cent…
[ad_1] Canadian tech icon BlackBerry has added Snap to the list of companies it’s taking to court in California. The Waterloo, Ontario-based company is alleging patent infringement. BlackBerry says in a lawsuit that Snap has infringed on intellectual property, including innovations on real-time activity location for maps, message notification techniques and methods for integrating advertising…
[ad_1] LONDON (Reuters) – WPP (WPP.L) is investigating an allegation of misconduct against Martin Sorrell, who has built the world’s biggest advertising empire over more than three decades of relentless expansion. Sorrell, who denies any wrongdoing, transformed WPP from a wire shopping basket maker through acquisitions of top creative agencies including J. Walter Thompson and…
[ad_1] FRANKFURT (Reuters) – Former Merrill Lynch CEO John Thain is being nominated to the supervisory board of Deutsche Bank (DBKGn.DE), Germany’s largest lender said on Wednesday. FILE PHOTO: The headquarters of Germany’s Deutsche Bank are photographed early evening in Frankfurt, Germany, January 31, 2017. REUTERS/Kai Pfaffenbach/File Photo The nominations for the supervisory board come…
[ad_1] LUTON, England (Reuters) – Peugeot-maker PSA (PEUP.PA) has unveiled plans to raise output at its British Vauxhall van plant, in a pre-Brexit show of confidence that will raise pressure on sister brand Opel’s German workforce to offer concessions in labor talks. REFILE – CLARIFYING CAPTION Workers assemble Vauxhall Vivaro vans on the production line…
[ad_1] BEIJING/WASHINGTON (Reuters) – China hit back quickly on Wednesday against the Trump administration’s plans to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. The speed with which the trade struggle between Washington and Beijing is ratcheting…
[ad_1] LUTON, England (Reuters) – French auto-maker Peugeot (PEUP.PA) will boost output at its English Vauxhall van plant by around two thirds from next year onwards, including new Peugeot and Citroen models, in a show of confidence in its British brand a year before Brexit. Workers assemble Vauxhall Vivaro vans on the production line at…
[ad_1] BEIJING/WASHINGTON (Reuters) – China quickly hit back on Wednesday at Trump administration plans to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. FILE PHOTO: A worker takes a sample from an incoming truckload of soybeans at…
[ad_1] SEOUL/NEW YORK (Reuters) – A unit of U.S. activist hedge fund Elliott Management revealed on Wednesday that it holds more than $1 billion worth of shares in key affiliates of South Korea’s Hyundai Motor Group and called for more rapid reform of the auto giant’s governance. It is Elliott’s latest challenge to South Korea’s…
[ad_1] LONDON (Reuters) – Share markets faltered on Wednesday as rising Sino-U.S. trade tensions overshadowed a bounce on Wall Street and left investors reluctant to take positions in anything but the safest of assets. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 21, 2018. REUTERS/Tilman Blasshofer…
[ad_1] BEIJING/WASHINGTON (Reuters) – China hit back on Wednesday at the Trump administration’s plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. FILE PHOTO: A worker takes a sample from an incoming truckload of soybeans at…
[ad_1] Nearly a third of Canadians say they’re not convinced that climate change is being caused by human and industrial activity, according to a newly released Abacus Data poll. The poll, commissioned by Canada’s Ecofiscal Commission, examined Canadian attitudes on climate change and the policy responses offered by governments, with an emphasis on examining attitudes…
[ad_1] (Reuters) – WPP (WPP.L), the world’s biggest advertising company, is investigating an allegation of personal misconduct against Chief Executive Martin Sorrell who has denied wrongdoing. Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017. REUTERS/Eric Gaillard Sorrell,…
[ad_1] China has raised tariffs on $50 billion of U.S. goods including soybeans, aircraft and automobiles in response to Washington’s increased duties on Chinese goods in a technology dispute. The Commerce Ministry on Wednesday criticized the U.S. move as a violation of global trade rules and said China was acting to protect its “legitimate rights…
[ad_1] According to one calculation earlier this week, by Monday President Donald Trump’s Twitter attack on Amazon had cost the company’s boss Jeff Bezos $16 billion US, as the high technology retailer plunged in market value. It was just one of a series of apparently unrelated stories that had traders unloading technology stocks. As the week began, a new round of…
[ad_1] SYDNEY (Reuters) – Asian share markets faltered on Wednesday as simmering Sino-U.S. trade tensions overshadowed a bounce on Wall Street and left investors reluctant to take positions in anything. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai The U.S. market had…
[ad_1] (Reuters) – Air New Zealand (AIR.NZ) said it would end its seven-year alliance with Virgin Australia Holdings (VAH.AX), meaning the airlines will now compete head-to-head for passengers in the hotly competitive route between the two countries. An Air New Zealand plane takes off from Kingsford Smith International Airport in Sydney, Australia, February 22, 2018.…
[ad_1] ZURICH (Reuters) – Thomas Schmidheiny, LafargeHolcim’s largest shareholder and a driving force behind the merger that created the world’s largest cement maker, will step down from the company’s board at its 2018 annual general meeting (AGM), it said on Wednesday. FILE PHOTO: Thomas Schmidheiny speaks to shareholders during Holcim’s extraordinary shareholder meeting in Zurich,…
[ad_1] FRANKFURT (Reuters) – Veteran U.S. banker John Thain is being nominated to the supervisory board of Deutsche Bank (DBKGn.DE), Germany’s largest lender said on Wednesday. FILE PHOTO: The headquarters of Germany’s Deutsche Bank are photographed early evening in Frankfurt, Germany, January 31, 2017. REUTERS/Kai Pfaffenbach/File Photo The nomination by the supervisory board appeared in…
[ad_1] NEW DELHI (Reuters) – India’s Jet Airways Ltd (JET.NS) has entered into an agreement to buy 75 Boeing Co (BA.N) 737 MAX narrowbody jets, worth $8.8 billion, to meet passenger demand which has shown no sign of abating after years of growth. FILE PHOTO: A Boeing 737 Max takes part in flying display at…
[ad_1] TOKYO (Reuters) – Japanese government officials are bracing for Donald Trump to get tough in trade talks, and are particularly anxious that the U.S. president could target Prime Minister Shinzo Abe’s weak-yen policies. FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo The…
[ad_1] WASHINGTON/BEIJING (Reuters) – China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures in the escalating trade dispute. The U.S. government hours earlier unveiled a detailed breakdown of some 1,300 Chinese industrial,…
[ad_1] ZURICH (Reuters) – LafargeHolcim (LHN.S) said on Wednesday that Thomas Schmidheiny, the cement maker’s largest shareholder and a driving force behind the merger which created the company, will step down from its board at its 2018 annual general meeting. FILE PHOTO: The logo of LafargeHolcim, the world’s largest cement maker, is seen at its…
[ad_1] NEW YORK (Reuters) – The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. FILE PHOTO: Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010. REUTERS/Lee Celano/File Photo If that is the case, a Reuters analysis…
[ad_1] (Reuters) – Air New Zealand (AIR.NZ) said on Wednesday it would end its seven-year alliance with Virgin Australia Holdings (VAH.AX) covering flights between the two countries. An Air New Zealand plane takes off from Kingsford Smith International Airport in Sydney, Australia, February 22, 2018. REUTERS/Daniel Munoz The joint venture, which allowed for schedule and…
[ad_1] (Reuters) – India’s Jet Airways Ltd (JET.NS) said late on Tuesday it had entered into an agreement with Boeing Co (BA.N) for the purchase of 75 Boeing 737 MAX narrowbody jets. FILE PHOTO: A Boeing 737 Max takes part in flying display at the 52nd Paris Air Show at Le Bourget Airport near Paris,…
[ad_1] SYDNEY (Reuters) – Asian share markets faltered on Wednesday as simmering fears of a Sino-U.S. trade war overshadowed a bounce on Wall Street and left investors reluctant to take positions in anything. A board displaying stock prices is seen at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray Safe-haven…
[ad_1] (Reuters) – Apple Inc said on Tuesday that men earned 5 percent more on average than women at its UK operations, although the median pay gap was 2 percent in favor of women. Silhouette of laptop user is seen next to a screen projection of Apple logo in this picture illustration taken March 28,…
[ad_1] WASHINGTON (Reuters) – Following attacks by President Donald Trump on Amazon.com Inc (AMZN.O), the U.S. Chamber of Commerce criticized attacks by government officials against American companies. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo “It’s inappropriate for government officials…
[ad_1] SYDNEY (Reuters) – Asian shares were trying to bounce on Wednesday as investors underwent another of the mercurial mood swings that have plagued markets recently, and one could prove just as fleeting given simmering fears of a trade war. A board displaying stock prices is seen at the Australian Securities Exchange (ASX) in Sydney,…
[ad_1] (Reuters) – British advertising group WPP Plc (WPP.L) said on Tuesday it was conducting an investigation in response to an allegation of personal misconduct against its chief executive, Martin Sorrell, who denied wrongdoing. Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes Lions Festival in…
[ad_1] NEW YORK (Reuters) – The U.S. stock market has taken a beating on the recent technology rout. But for short-sellers, it has been nothing short of a boon. Facebook’s share prices are seen inside the NASDAQ Marketsite in New York May 18, 2012. REUTERS/Shannon Stapleton/File Photo Short-sellers who placed bets that the shares of…
[ad_1] WASHINGTON (Reuters) – The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, announcing 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing’s intellectual property practices. U.S. President Donald Trump speaks during a joint news conference with Latvia’s President…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters. Spotify shares opened at $165.90, up…
[ad_1] The Trump administration said on Tuesday it would hit China with 25 per cent tariffs on some 1,300 industrial technology, transport and medical products as part of its drive to force changes in Beijing’s intellectual property practices. The U.S. Trade Representative’s (USTR) office unveiled a list of mainly non-consumer products representing about $50 billion…
[ad_1] (Reuters) – British advertising group WPP Plc (WPP.L) said on Tuesday it is conducting an investigation in response to an allegation of personal misconduct against its chief executive, Martin Sorrell. Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes Lions Festival in Cannes, France, June…
[ad_1] The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with U.S. oil are also driving a substantial rise in the discount for light Canadian oil, according to a report from accounting firm Deloitte published Tuesday. The difference between New York-traded West Texas Intermediate and Edmonton Light oil prices…
[ad_1] Facebook Inc Chief Executive Mark Zuckerberg said on Tuesday the social network had no immediate plans to apply a strict new European Union law on data privacy in its entirety to the rest of the world, as the company reels from a scandal over its handling of personal information of millions of its users.…
[ad_1] (Reuters) – British advertising company WPP Plc (WPP.L) is looking into accusations of “improper personal behavior” by chief executive Martin Sorrell, the Wall Street Journal reported on Tuesday. Sir Martin Sorrell, Chairman and Chief Executive Officer of advertising company WPP, attends a conference at the Cannes Lions Festival in Cannes, France, June 23, 2017.…
[ad_1] OTTAWA (Reuters) – The United States, Canada and Mexico could soon announce a deal in principle to update NAFTA that would likely tackle the key issue of autos content while leaving other contentious chapters to be dealt with later, three sources familiar with the matter said on Tuesday. Canadian Foreign Minister Chrystia Freeland shakes…
[ad_1] WASHINGTON (Reuters) – Amazon.com Inc’s shares took another ride on the roller-coaster on Tuesday, falling as President Donald Trump repeated his unsubstantiated claim that deliveries for the world’s biggest online retailer cost the U.S. Postal Service money, then rising on a report that the White House is not considering any action against Amazon. FILE…
[ad_1] Police were responding on Tuesday to a possible shooter at the headquarters of YouTube in San Bruno, California, officials said. Police in the city south of San Francisco warned people in a Twitter message to stay away from the address where YouTube, owned by Alphabet Inc’s Google, is based. A police dispatcher said by…
[ad_1] Foreign Affairs Minister Chrystia Freeland is expected to go to Washington this week for late-stage talks with U.S. Trade Representative Robert Lighthizer on the fate of NAFTA, CBC News has confirmed. The window for reaching a deal on a renegotiated NAFTA is becoming increasingly narrow, with both the U.S. and Mexico facing potentially fractious election campaigns that could…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Spotify Technology SA (SPOT.N) on Tuesday completed the largest-ever direct listing, valuing the world’s leading streaming music service at as much as $30 billion, but its shares stalled after an early spike. Smooth early trading dispelled market worries that Spotify’s New York Stock Exchange debut might be marred by…
[ad_1] NEW YORK (Reuters) – U.S. stocks rebounded on Tuesday after crashing through key technical levels in the previous session but investors were still worried that Wall Street’s three major indexes could eventually turn lower and fall through their next support levels. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Tesla Inc sought to squash any speculation it might need to raise more capital this year on Tuesday, driving the company’s battered shares higher as it announced it built 2,020 of its cheaper Model 3 sedans in the last seven days. Tesla shares jumped as much as 6.9 percent in morning trade,…
[ad_1] SEOUL (Reuters) – Elliott Advisors (HK) Limited, an arm of the activist hedge fund, said on Wednesday that it holds more than $1 billion of shares in South Korea’s Hyundai Mobis (012330.KS), Hyundai Motor (005380.KS) and Kia Motors (000270.KS). FILE PHOTO: The Hyundai booth displays the company logo at the North American International Auto…
[ad_1] WASHINGTON (Reuters) – Shares of Amazon.com Inc (AMZN.O) pared earlier gains on Tuesday after U.S. President Donald Trump repeated his unsubstantiated claim that deliveries for the world’s biggest online retailer cost the U.S. Postal Service money and threatened to raise rates. FILE PHOTO – The logo of Amazon is seen on a building in…
[ad_1] LONDON/NEW YORK (Reuters) – Spotify Technology SA (SPOT.N) shares surged following the largest-ever direct listing on Tuesday, giving the world’s leading streaming music service a market value of nearly $30 billion. Shares opened at $165.90, up nearly 26 percent from a reference price of $132 a share set by the on the New York…
[ad_1] The gay dating app Grindr will stop sharing its users’ HIV status with analytics companies after a news report this week shed light on the practice. Chief security officer Bryce Case told BuzzFeed News on Monday it decided to stop sharing information with Localytics to allay people’s fears. Localytics and Apptimize were paid to test…
[ad_1] The highly anticipated shares of music streaming app Spotify opened for trading on the New York Stock Exchange at $165.90 US in an unconventional listing on Tuesday afternoon. The opening price was well above the reference price of $132 a share set by the stock exchange on Monday, which valued the streaming site at $29.5 billion. Spotify’s public listing is being closely watched…
[ad_1] Over the last several years, Zendesk has been making the transition from a company that caters mostly to small businesses to one with larger enterprise customers — and their revenue reflects that. The company announced it has crossed the $.5 billion annual run rate since its last earning report in February. It also announced…
[ad_1] Households in Alberta will feel the most pressure from rising interest rates, because residents in the province carry the highest debt loads in the country, according to a new report from the Royal Bank of Canada. Alberta residents would see the biggest increase in debt-service payments in Canada — over $1,200 a year on average —…
[ad_1] DETROIT (Reuters) – Major automakers on Tuesday reported higher new vehicles sales for March on the back of a strong U.S. economy and big consumer discounts, sending shares in Detroit’s automakers up in morning trading. The 2015 Jeep Grand Cherokee is exhibited at a car dealership in Jersey City, New Jersey, U.S. on July…
[ad_1] NEW YORK (Reuters) – The Environmental Protection Agency has exempted one of the nation’s largest oil refining companies, Andeavor (ANDV.N), from complying with U.S. biofuels regulations – a waiver historically reserved for tiny operations in danger of going belly up, two sources familiar with the matter told Reuters. FILE PHOTO: U.S. President Donald Trump…
[ad_1] When Stackery’s founders were still at New Relic in 2014, they recognized there was an opportunity to provide instrumentation for the emerging serverless tech market. They left the company after New Relic’s IPO and founded Stackery with the goal of providing a governance and management layer for serverless architecture. The company had a couple of…
[ad_1] LONDON/NEW YORK (Reuters) – Spotify Technology SA (SPOT.N) shares appeared on course for a strong debut on Tuesday, with opening indication ranges well above where the stock had been trading in its final days in private markets. While it has yet to open, price indications posted by its primary market maker were ticking higher,…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators are set to accept concessions from Gazprom (GAZP.MM) in the coming weeks aimed at addressing concerns that the Russian gas giant abused its dominant position in eastern Europe, sources familiar with the matter said. The logo of Russian gas giant Gazprom is seen on a board at the…
[ad_1] (Reuters) – The billionaire Steven A. Cohen has won the dismissal of an $8 billion lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd, hoping to “crush” or “kill” the insurer. FILE PHOTO: Steven Cohen, Chairman and…
[ad_1] DETROIT (Reuters) – Detroit’s automakers posted sales gains in new vehicles in March on the back of a strong U.S. economy, sending shares in both General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) up in early trading. The 2015 Jeep Grand Cherokee is exhibited at a car dealership in Jersey City,…
[ad_1] (Reuters) – Wall Street’s main indexes were higher on Tuesday, with the Dow Jones Industrial Average rising more than 100 points, helped by a recovery in the battered technology and consumer discretionary stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – The New York Federal Reserve launched a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long and complex switchover. The Federal Reserve Bank of New York building is seen in the Manhattan borough of New York, U.S., December 16, 2017.…
[ad_1] SalesLoft, an Atlanta-based startup that helps companies manage the contact phase of the sales process, announced a $50 million Series C today. Insight Venture Partners was lead investor with participation from LinkedIn and Emergence Capital, which also participated in the company’s A and B rounds. Today’s investment brings the total raised to $75 million,…
[ad_1] Environmental regulators announced on Monday they will ease emissions standards for cars and trucks, saying that a timeline put in place by President Barack Obama was not appropriate and set standards “too high.” The Environmental Protection Agency said it completed a review that will affect vehicles for model years 2022-2025 but it did not…
[ad_1] DUBLIN (Reuters) – Ryanair (RYA.I) has reported an average gender pay gap for its British-based staff of 67 percent, the widest among large airlines that have had to disclose the difference in earnings under new regulations. FILE PHOTO: A Ryanair Boeing 737 aircraft is parked at Boryspil International Airport outside Kiev, Ukraine March 23,…
[ad_1] InVision, the NY-based design platform focused on collaboration, has today announced the acquisition of Wake. Wake is a design tool focused squarely on supporting design visibility throughout a particular organization. Wake allows companies to share design assets and view work in progress as designers build out their screens, logos, or other designs. Design team…
[ad_1] An Alberta man with cognitive impairments racked up $8,000 in credit card debt, leaving his friend and advocate to ask how he was given the card in the first place. Henry Herbst, who goes by the nickname Tigger, has an IQ of below 70. He lives independently in Whitecourt, Alta., with some supports from a…
[ad_1] (Reuters) – U.S. stock index futures signaled a higher opening for Wall Street on Tuesday, supported by slight gains in beaten-down technology stocks, but Amazon remained on track to open lower after dragging down the markets on Monday. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] FRANKFURT (Reuters) – Ford could make electric cars in Germany after 2023, when the life cycle of Ford’s Fiesta model is due to end, the head of the carmaker’s German business told a paper, adding he would welcome state subsidies to support the shift. The Ford logo is seen at the New York Auto…
[ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) will not use the option of cancelling the $18 billion sale of its memory chip unit unless there is any “major material change” in circumstances, the Japanese conglomerate’s new chief executive said on Tuesday. FILE PHOTO – The logo of Toshiba Corp. is seen at the company’s facility…
[ad_1] LONDON (Reuters) – Rupert Murdoch has stepped up the pressure on Britain to approve his $14.5 billion bid for Sky (SKYB.L) by offering to sell or legally separate Sky News, seeking to allay concerns about the 87-year-old mogul’s political influence. FILE PHOTO: The current Executive Chairman of News Corporation and Executive Co-Chairman of Twenty-First…
[ad_1] LONDON/NEW YORK (Reuters) – Streaming music leader Spotify appears to be bracing for a potentially rough stock market ride on its first day of trading on Tuesday, following Monday’s sell-off of technology stocks on Wall Street. Spotify CEO Daniel Ek speaks during a press event in New York May 20, 2015. REUTERS/Shannon Stapleton In…
[ad_1] JPMorgan’s key blockchain executive is departing the bank for the world of startups, it has emerged. Amber Baldet heads up JPMorgan’s Blockchain Center of Excellence, which explores the development of distributed ledger technology and uses cases of blockchain technology across the firm’s business. A high-profile figure in the blockchain space in her own right, she is leaving…
[ad_1] LONDON (Reuters) – British manufacturer De La Rue Plc (DLAR.L) said it will challenge a decision by Britain to award a contract to print the post-Brexit blue passports to a European company. A handout photograph shows the original ‘blue’ British passport, which was subsequently replaced by the burgundy EU British passport, supplied by the…
[ad_1] LONDON (Reuters) – World markets battled to regain their poise on Tuesday after another round of tech and trade war worries had clobbered shares and oil prices tumbled on signs of rising Russian supply and Saudi price cuts. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany,…
[ad_1] (Reuters) – The New York Federal Reserve will launch a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long and complex switchover. The Federal Reserve Bank of New York building is seen in the Manhattan borough of New York, U.S., December 16,…
[ad_1] It might seem the best way to protect Canadians from the evils of marijuana is to restrict supply and discourage advertising. But new research indicates such an intuitive approach may actually have the opposite effect, including making the drug more accessible to kids and diverting supply from people who need it to treat pain or…
[ad_1] PARIS (Reuters) – French supermarkets Casino and Auchan have begun talks on a forming a partnership regarding the purchasing of food and non-food items, as competition intensifies within the domestic sector. FILE PHOTO: A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe/File Photo…
[ad_1] SYDNEY (Reuters) – Australian gas producer Santos Ltd (STO.AX) said on Tuesday it would “engage with” Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017. FILE PHOTO: The logo of Australian oil and gas producer Santos Ltd is pictured at their Sydney office…
[ad_1] LONDON (Reuters) – Twenty-First Century Fox (FOXA.O) said it could legally separate Sky News within the wider Sky group to allay the concerns of a British regulator about the news service’s continuing independence under Rupert Murdoch’s ownership. FILE PHOTO: The Sky logo is seen on outside of an entrance to offices and studios in…
[ad_1] BEIJING (Reuters) – China will take counter-measures of the “same proportion” and scale if the United States imposes further tariffs on Chinese goods, China’s ambassador to Washington said, amid growing fears of an impending trade war. Cui Tiankai made the comments ahead of what is expected to be the announcement this week of U.S.…
[ad_1] SYDNEY (Reuters) – Asian shares slipped on Tuesday amid escalating trade tensions and concerns about tech firms, although regional index declines were modest compared with those of their Wall Street counterparts as investors focused on global growth prospects. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at…
[ad_1] MEXICO CITY (Reuters) – The United States, Mexico and Canada have made significant advances on reworking the NAFTA trade deal and ministers will meet in the coming days to determine the scope to agree on the basics of a deal, Mexico’s economy minister said on Monday. Ildefonso Guajardo Villarreal, Mexico’s Secretary of Economy, attends…
[ad_1] ZURICH (Reuters) – UBS (UBSG.S) said it is nominating Jeremy Anderson and Fred Hu for election to its Board of Directors at its annual general meeting in May. FILE PHOTO: A UBS advertisement is displayed on top of a commercial building in Hong Kong, China May 2, 2017. REUTERS/Bobby Yip/File Photo William G. Parrett…
[ad_1] DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and will instead issue quarterly sales. A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM’s Orion Assembly plant in Orion, Michigan,…
[ad_1] SYDNEY (Reuters) – Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the Tokyo…
[ad_1] (Reuters) – The New York Stock Exchange on Monday set the reference price for shares of music streaming service Spotify Technology SA at $132. FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify, February 18, 2014 REUTERS/Christian Hartmann/File Photo Spotify is pursuing an unusual direct listing to…
[ad_1] SYDNEY (Reuters) – Australian gas producer Santos Ltd said on Tuesday it would “engage with” Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017. FILE PHOTO: The logo of Australian oil and gas producer Santos Ltd is pictured at their Sydney office February…
[ad_1] BEIJING (Reuters) – China imposed tariffs on 128 U.S. products ranging from wine to oranges in order to “balance the losses” caused by U.S. duties and to protect China’s national interests, according to a commentary on the front page of the official People’s Daily. Nuts are seen being prepared for shipment at the Mariani…
[ad_1] SYDNEY (Reuters) – Asian stocks extended a global selloff and the yen rose on Tuesday as investors fled for safety as an escalating trade spat between the United States and China and a renewed slump in tech shares such as Amazon.com sapped investor confidence. FILE PHOTO: A visitor is seen as market prices are…
[ad_1] NEW YORK (Reuters) – Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a “gut feeling” given the recent price movements. FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn…
[ad_1] (Reuters) – Apple Inc (AAPL.O) is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corp (INTC.O), Bloomberg reported on Monday, citing people familiar with the matter. FILE PHOTO: A man is reflected in a Apple store logo in San Francisco, California, U.S., August 21,…
[ad_1] NEW YORK (Reuters) – Alibaba Group Holding Ltd (BABA.N) on Monday sued a Dubai-based firm it said has caused confusion by using its trademarked name to raise more than $3.5 million in cryptocurrency known as “Alibabacoins.” FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang…
[ad_1] NEW YORK (Reuters) – Wall Street shares plunged on Monday as investors fled technology stocks amid resurgent trade war worries, with key indexes trading below their 200-day moving averages and the S&P 500 closing below that pivotal technical level for the first time since Britain’s vote to leave the European Union in June 2016.…
[ad_1] SAN FRANCISCO (Reuters) – As far as the stock market is concerned, U.S. President Donald Trump is, right now, his own worst enemy. FILE PHOTO: U.S. President Donald Trump arrives at Palm Beach International Airport, Florida, U.S. for the Easter weekend at Mar-a-Lago in Palm Beach March 29, 2018. REUTERS/Yuri Gripas The president –…
[ad_1] BEIJING (Reuters) – China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. The tariffs, which take effect on Monday, were announced…
[ad_1] (Reuters) – CBS Corp (CBS.N) plans to make an all-stock offer for Viacom Inc (VIAB.O) that values the U.S. media company below its current market valuation, people familiar with the matter said on Monday, indicating that tough negotiations lie ahead. FILE PHOTO: The CBS television network logo is seen outside their offices on 6th…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) shares slumped 5 percent on Monday as investors awaited production numbers for the closely watched Model 3, a cheaper vehicle that analysts see as crucial to the luxury electric automaker’s long-term profitability. A recent crash involving Tesla’s autopilot technology and concerns about the company’s ability to raise new capital…
[ad_1] Stock markets took a tumble Monday after China raised import duties on U.S. pork, apples and other products. It’s too soon to call it the beginning of a trade war, but for now, investors aren’t sticking around to find out. Formerly high-flying technology companies like Microsoft, Facebook, Amazon and Alphabet fell. Intel dove 5.7…
[ad_1] (Reuters) – Apple Inc (AAPL.O) is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corp (INTC.O), Bloomberg reported on Monday, citing people familiar with the matter. FILE PHOTO: A man is reflected in a Apple store logo in San Francisco, California, U.S., August 21,…
[ad_1] Stella Artois says it’s recalling beer packaged in 330 millilitre glass bottles as a safety precaution. The company says some bottles have a flaw that may cause a small piece of glass to break off and possibly fall into the beer. Stella Artois said the bottles were manufactured by one of its many suppliers,…
[ad_1] NEW YORK (Reuters) – Amber Baldet, a blockchain program lead at JPMorgan Chase & Co (JPM.N), is leaving the bank to launch her own venture, JPMorgan said on Monday. FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar/File…
[ad_1] Apple is planning to use its own chips for its Mac devices, which could replace the Intel chips currently running on its desktop and laptop hardware, according to a report from Bloomberg. Apple already designs a lot of custom silicon, including its chipsets like the W-series for its Bluetooth headphones, the S-series in its…
[ad_1] China slapped import duties of up to $3 billion US on American pork, metal, fruit, nuts, wine, ginseng and dozens more products on Sunday, the latest salvo in an escalating trade war between the two countries. China laid out the tariffs on 128 different items on Sunday evening, which the government of President Xi Jinping said…
[ad_1] NEW YORK (Reuters) – Spotify Technology SA’s (SPOT.N) unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash. FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on…
[ad_1] (Reuters) – Transcontinental Inc (TCLa.TO) said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion) as the Canadian publisher looks to join other top North American companies in the flexible packaging space. Copies of the Montreal Gazette newspaper are bundled on a skid at TC Transcontinental Printing,…
[ad_1] (Reuters) – A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and pushing the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months. FILE PHOTO – Traders work on the floor of the New York Stock Exchange…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) was reported to be making 2,000 of its Model 3 sedans per week, enough to ease stock market nerves around billionaire Elon Musk’s electric carmaker on Monday after a week dominated by news of a crash involving its semi-autonomous autopilot. Musk told employees in a company-wide email on Monday…
[ad_1] The head of one of Canada’s largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it’s already leaving in “real time.” RBC president and CEO Dave McKay discussed some of his biggest concerns about Canadian competitiveness, particularly those…
[ad_1] NEW YORK (Reuters) – U.S. stocks tumbled on Monday, weighed down by Amazon.com after U.S. President Donald Trump again attacked the online retailer, while the dollar slid as China raised tariffs on U.S. products in an escalating spat between the world’s two biggest economies. FILE PHOTO: A man looks at an electronic stock quotation…
[ad_1] Microsoft continues its steady pace of opening up new data centers and launching new regions for its Azure cloud. Today, the company announced the launch of two new regions in Australia. To deliver these new regions, Azure Australia Central and Central 2, Microsoft entered a strategic partnership with Canberra Data Centers and unsurprisingly, the…
[ad_1] (Reuters) – Shares of Amazon.com Inc (AMZN.O) fell 6 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York…
[ad_1] (Reuters) – Shares of Tesla Inc fell 8 percent on Monday, ahead of the electric car maker’s announcement of quarterly production numbers for its crucial Model 3 sedan. Shares in Elon Musk’s $50-billion dollar venture have been reeling from a triple whammy of probes into a fatal crash in California, concerns about Model 3…
[ad_1] Elliott Management, an investment firm long known for its activist streak, set it sights on Commvault today, purchasing a 10.3 percent stake and nominating four Elliott-friendly members to the company’s board of directors. It likely means that Elliott is ready to push the company to change direction and cut costs, if it sticks to…
[ad_1] (Reuters) – A dreadful week for technology stocks worsened on Monday as Amazon and Tesla shares fell further, setting a grim tone for markets already worried about China’s decision to raise import tariffs on U.S. products. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – Shares of Amazon.com Inc (AMZN.O) fell 4 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York…
[ad_1] (Reuters) – Shares of Amazon.com Inc (AMZN.O) fell 4 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York…
[ad_1] TORONTO (Reuters) – Hudson’s Bay (HBC.TO) shares dropped on Monday after the Canadian department store operator reported security breaches at some of its Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores on Sunday. FILE PHOTO: A woman walks through the doors at the Hudson’s Bay Company (HBC) flagship department store in…
[ad_1] Three Canadian locations of department store Saks were exposed to the data breach that parent company Hudson’s Bay Co. disclosed over the weekend, says a New York-based cybersecurity firm. Hudson’s Bay, known as HBC, released little information Sunday on the breach itself, but Gemini Advisory LLC said it had analyzed the available data and found…
[ad_1] With the race to next-generation silicon in full swing, the waterfall of venture money flowing into custom silicon startups is already showing an enormous amount of potential for some more flexible hardware for an increasingly changing technology landscape — and Naveed Sherwani hopes to tap that for everyone else. That’s the premise of SiFive,…
[ad_1] (Reuters) – Wall Street was set to start the second quarter on a downbeat note on Monday as China’s decision to raise import tariffs on U.S. products revived global trade war fears and technology stocks remained under pressure. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) fell 5 percent in premarket trading on Monday ahead of the electric car maker’s announcement of quarterly production numbers for its crucial Model 3 sedan. FILE PHOTO – The company logo is seen in front of a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump will discuss “reciprocal trade and investment ties” with Japan’s prime minister Shinzo Abe during a visit later this month, the White House said on Monday. FILE PHOTO – U.S. President Donald Trump waves as he arrives with first lady Melania Trump for the Easter service at Bethesda-by-the-Sea…
[ad_1] (Reuters) – U.S. stock index futures fell on the first trading day of the new quarter as China’s decision to raise import tariffs on U.S. products rekindled global trade war fears and technology stocks showed little signs of recovery. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] A couple of years ago, Dropbox shocked a lot of people when it decided to mostly drop the public cloud, and built its own datacenters. More recently, Atlassian did the opposite, closing most of its datacenters and moving to the cloud. Companies make these choices for a variety of reasons. When Atlassian CTO Sri…
[ad_1] TOKYO (Reuters) – Japanese flea market app operator Mercari Inc targets rapid expansion in the United States, its founder and chief executive told Reuters on Monday, after a recent funding round boosted its value beyond $2 billion. Mercari Inc. CEO Shintaro Yamada poses for a photograph during an interview with Reuters in Tokyo, Japan…
[ad_1] (Reuters) – U.S. stock index futures fell on the first trading day of the new quarter as China’s decision to raise import tariffs on U.S. products rekindled global trade war fears and technology stocks showed little signs of recovery. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] HOUSTON (Reuters) – For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies. FILE PHOTO – View of the oil refinery Ecopetrol in Barrancabermeja, Colombia, March 1, 2017. Picture Taken March 1, 2017. REUTERS/Jaime Saldarriaga…
[ad_1] MANILA/KUALA LUMPUR (Reuters) – Philippines and Malaysia said on Monday they will look into whether Uber Technologies’ [UBER.UL] move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into the deal on similar concerns. A man walks past a Grab office in Singapore March 26,…
[ad_1] BEIJING (Reuters) – Walmart Inc said on Monday it has opened its first small-sized high-tech supermarket in China, which will stock products that customers will also be able buy on the U.S. retailer’s store on Chinese online marketplace JD.com. FILE PHOTO: Pedestrians walk past a signboard of Wal-Mart at its branch store in Beijing,…
[ad_1] MOSCOW (Reuters) – Shares in Russian transport companies that are part-owned by Summa Group fell on Monday after its billionaire owner Ziyavudin Magomedov was detained on embezzlement charges. FILE PHOTO – Ziyavudin Magomedov, the co-owner of Russia’s Summa investment and trading group that was involved in construction of a soccer World Cup venue in…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia said on Monday that it will monitor ride-hailing firm Grab for possible anti-competitive behavior, after rival Uber Technologies Inc offloaded its Southeast Asian operations to the Singapore-based firm. A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Uber’s deal to take a 27.5 percent…
[ad_1] KIEV (Reuters) – Ukraine’s largest bank, PrivatBank, said on Monday it had filed a $3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015. FILE PHOTO: A man leaves a branch of Privatbank in Kiev, Ukraine December 14, 2016. REUTERS/Valentyn…
[ad_1] SEOUL (Reuters) – General Motors Co’s South Korean unit has proposed suspending one of two shifts at a plant near Seoul, an internal union newsletter seen by Reuters showed, increasing uncertainty about the fate of the factory as the U.S. automaker grapples with slumping sales. Vehicles are assembled at an assembly line of GM…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) premium brand Audi (NSUG.DE) aims to double sales in China over the coming six years, sales chief Bram Schot told Automobilwoche. FILE PHOTO: An Audi Q8 concept is shown during a workshop prior to Auto Guangzhou in Guangzhou, China November 16, 2017. REUTERS/Bobby Yip /File Photo “In 2023 we…
[ad_1] Aeroplan is deleting all data collected from a recent online survey and offering an apology to anyone who found it offensive, after it sparked a complaint from one of its members. The survey included controversial questions that asserted immigration was harmful, suggested males were superior and that traditional marriage was the only way to form…
[ad_1] SEOUL (Reuters) – General Motors’ (GM) South Korean unit said on Monday its domestic sales for March more than halved from a year earlier, deepening a slide in the aftermath of the U.S. automaker’s planned restructuring of operations in the country. Vehicles are assembled at an assembly line of GM Korea’s Bupyeong plant in…
[ad_1] SEOUL (Reuters) – General Motors’ South Korean unit has proposed suspending a second shift at its No.2 plant in the city of Bupyeong, an internal union newsletter seen by Reuters showed. An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji The newsletter…
[ad_1] JAKARTA (Reuters) – Ride-hailing companies Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider, Indonesia’s transport minister said on Monday. A passenger sits next to Grab corner sign as he waits for a Grab bike at Sudirman train station…
[ad_1] BEIJING (Reuters) – China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. FILE PHOTO: Several-week-old pigs stand in a pen inside a…
[ad_1] WASHINGTON (Reuters) – The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies. U.S. President Donald Trump delivers remarks on the Infrastructure Initiative at the Local 18 Richfield…
[ad_1] (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said on Monday it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd (0700.HK) services for offline consumers. Drivers of the food delivery service Ele.me prepare to start their morning shift…
[ad_1] (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said on Sunday it would buy all shares that it does not already own in food delivery platform Ele.me. Drivers of the food delivery service Ele.me prepare to start their morning shift after an internal security check in Beijing, China, September 21, 2017. REUTERS/Thomas…
[ad_1] China has slapped extra tariffs of up to 25 per cent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The tariffs, to take effect on Monday, were released late on Sunday…
[ad_1] TOKYO (Reuters) – Asian stocks began the new quarter on Monday with mild gains following a strong performance by global equities last week, while the dollar held steady ahead of key economic indicators. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru…
[ad_1] TOKYO (Reuters) – Asian stocks began the new quarter on Monday with mild gains following a strong performance by global equities last week, while the dollar held steady awaiting key economic indicators. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru Hanai/File…
[ad_1] Business owners Stefan Marten and Pearl Scott-Marten say they had to fight to get money back from their credit union after several of the couple’s employees cashed their paycheques twice using increasingly popular banking apps that allow cheques to be deposited with a photo. In the Martens’ case, the double deposits — known in the…
[ad_1] NEW YORK (Reuters) – Hudson’s Bay Co said on Sunday that data from card payments in some of its Saks and Lord & Taylor stores in North America had been compromised. The Lord & Taylor flagship store building is seen along Fifth Avenue in the Manhattan borough of New York City, U.S., October 24,…
[ad_1] Hudson’s Bay Co. says customer payment card information was involved in a “data security issue” at certain Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores in North America. The company didn’t say whether any Canadian locations were affected. It says the investigation is ongoing, but there’s no indication that the breach…
[ad_1] WASHINGTON (Reuters) – Coca-Cola Co (KO.N) thought it had a deal with the U.S. Internal Revenue Service on how much the company charged foreign affiliates for the rights to make and sell Coke products abroad. Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis…
[ad_1] FRANKFURT (Reuters) – A prominent Volkswagen (VOWG_p.DE) shareholder is urging investors to vote against the reelection of Wolfgang Porsche as a member of the carmaker’s supervisory board at its annual general meeting (AGM), a German newspaper reported on Sunday. FILE PHOTO: Wolfgang Porsche, member of Supervisory board of Volkswagen addresses a news conference at…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday About those Jays tickets If you had a hard time getting tickets for the Blue Jays home opener, you’re not the only one. A CBC/Toronto Star…
[ad_1] Walmart is apologizing two days after it said it would end involvement in a program that gives on-the-job training to people with intellectual disabilities in Quebec saying the announcement “created confusion.” Vice-president of corporate affairs for Walmart Canada Robert Nicol issued the statement Saturday that Walmart would continue to support people in the program.…
[ad_1] Driving has become a major source of stress for Stephen Logan after receiving a notice on his phone that his 2017 Ford Fusion may not be safe to drive. His is one of approximately 1.3 million cars in North America affected by a safety recall issued by Ford on March 14, involving potentially loose steering wheel bolts…
[ad_1] The Red Hat Linux distribution is turning 25 years old this week. What started as one of the earliest Linux distributions is now the most successful open-source company, and its success was a catalyst for others to follow its model. Today’s open-source world is very different from those heady days in the mid-1990s when…
[ad_1] MOSCOW (Reuters) – Russian authorities on Saturday arrested billionaire Ziyavudin Magomedov on charges of embezzling more than $35 million, in one of the highest-profile prosecutions of a Russian tycoon in years. Ziyavudin Magomedov, the co-owner of Russia’s Summa investment and trading group that was involved in construction of a soccer World Cup venue in…
[ad_1] (Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world’s biggest online retailer of getting unfairly cheap rates from the U.S. Postal Service and not paying enough tax. FILE PHOTO: The logo of Amazon.com Inc is seen in Sao Paulo, Brazil October 17,…
[ad_1] (Reuters) – Fox News show host Laura Ingraham announced on her show late Friday that she is taking next week off, after almost a dozen advertisers dropped her show after the conservative pundit mocked a teenage survivor of the Florida school massacre on Twitter. A combination of file photos show media personality Laura Ingraham…
[ad_1] U.S. President Donald Trump is again attacking online retailer Amazon.com, calling its business deal with the U.S. Postal Service to deliver packages a money-losing agreement that hurts U.S. taxpayers. Federal regulators, however, have found the contract with Amazon to be profitable. In tweets Saturday, Trump said “the U.S. Post Office will lose $1.50 on…
[ad_1] MUMBAI/NEW DELHI (Reuters) – India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in a series of moves aimed at boosting domestic manufacturing in the world’s second-biggest smartphone market. FILE PHOTO: Commuters watch videos on their mobile phones as they travel in a…
[ad_1] Some customers of Simplii Financial, the rebrand of the former PC Financial, say they’ve been caught off guard after their bank accounts were suddenly frozen in recent weeks. Last year, the new CIBC-operated banking service absorbed more than two million PC Financial customers and promised a seamless transition. But GJ Hagenaars, a longtime PC Financial customer, feels it missed the mark. On…
[ad_1] (Reuters) – Walmart Inc’s (WMT.N) efforts to develop closer ties with health insurer Humana Inc (HUM.N), which came to light on Thursday, point to a brave new world of retail where superstores become healthcare centers offering basic medical care. FILE PHOTO: The logo of Walmart is seen on shopping trolleys at their store in…
[ad_1] MOSCOW (Reuters) – The co-owner of Russia’s Summa investment and trading group, Ziyavudin Magomedov, has been detained in Russia, sources told Reuters on Saturday, without giving further details. Signage is seen in the main office of Russian holding Summa group in Moscow May 5, 2012. REUTERS/Yana Soboleva (RUSSIA – Tags: BUSINESS TELECOMS LOGO) –…
[ad_1] Nadia Mendola didn’t think she’d be signing her life away for a water heater when she bought her brand new home in Waterdown, Ont., in 2016. She’s stuck with a 14-year rental contract with Enercare, paying $56.43 per month for the water heater. Now she can’t get out of it unless she buys the equipment…
[ad_1] NEW YORK (Reuters) – A federal judge ruled that women accusing Goldman Sachs Group Inc (GS.N) of discriminating against them in pay, promotions and performance reviews may pursue their claims as a group in a class-action lawsuit. FILE PHOTO: The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, May…
[ad_1] (Reuters) – Snap Inc (SNAP.N) on Friday said it cut 7 percent of its global workforce in March, as disclosed by it in a regulatory filing here. A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to…
[ad_1] SAN FRANCISCO (Reuters) – About 100 Google U.S. employees concerned about cyber bullying inside the company have organized into a group proposing new policies for conduct at the unit of Alphabet Inc, five people involved in the effort said in recent interviews. Silhouettes of laptop and mobile device users are seen next to a…
[ad_1] (Reuters) – Intercontinental Exchange Inc’s (ICE.N) New York Stock Exchange (NYSE) is in talks to buy the Chicago Stock Exchange (CHX), the Wall Street Journal reported on Friday, a month-and-a-half after U.S. regulators blocked the sale of CHX to China-based investors. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] At the Adobe Summit in Las Vegas this week, privacy was on the minds of many people. It was no wonder with social media data abuse dominating the headlines, GDPR just around the corner, and Adobe announcing the concept of a centralized customer experience record. With so many high profile breaches in recent years,…
[ad_1] The Trump administration is expected to announce soon that it will roll back automobile gas mileage and pollution standards that were a pillar in the Obama administration’s plans to combat climate change. It’s not clear whether the announcement will include a specific number, but current regulations from the Environmental Protection Agency (EPA) require the…
[ad_1] HOUSTON (Reuters) – A recent drought in oil company mergers and acquisitions could be coming to an end over a new Texas range war: U.S. shale producers are building miles-long horizontal wells that are running into their rivals’ land holdings. FILE PHOTO — A pump jack stands idle in Dewitt County, Texas January 13,…
[ad_1] MEXICO CITY (Reuters) – U.S. trade negotiators have floated a plan to introduce rules under a reworked NAFTA that stipulate a certain amount of automotive production must be carried out in areas paying higher salaries, two sources familiar with the matter said. Flags of Canada, Mexico and the U.S. are seen before a joint…
[ad_1] A group of clean technology executives from British Columbia have waded into the fight over the Trans Mountain pipeline by voicing support for the controversial expansion. More than two dozen executives and investors have written a letter to B.C. Premier John Horgan expressing concern that the province’s vow to block the pipeline could result in serious setbacks…
[ad_1] When workflow management platform Asana announced a $75 million round of funding in January led by former Vice President Al Gore’s Generation Investment Management, the startup didn’t give much of an indication of what it planned to do with the money, or what it was that won over investors to a new $900 million…
[ad_1] A SpaceX Falcon 9 rocket carrying 10 satellites for Iridium Communications has blasted off from Vandenberg Air Force Base, California. The rocket lifted off at 7:13 a.m. PT Friday and arced over the Pacific west of Los Angeles. The satellites are expected to be deployed into low-Earth orbit about an hour after liftoff. The…
[ad_1] No matter what cloud you build on, if you want to build something that’s highly available, you’re always going to opt to put your applications and data in at least two physically separated regions. Otherwise, if a region goes down, your app goes down, too. All of the big clouds also offer a concept…
[ad_1] An anti-corruption group says Exxon Mobil worked with Calgary-based Canadian Overseas Petroleum to buy rights to drill in an area off the coast of West Africa despite its concerns about possible corruption. Global Witness said Thursday that Exxon knew that the oil field, called Block 13, had been previously awarded to another company through bribery.…
[ad_1] One in four anglophone Canadians have cut the cord and no longer pay for a traditional TV service, while just over half are Netflix users, a report by the Media Technology Monitor suggests. Based on telephone surveys with 4,156 Canadians conducted by Forum Research Inc. between Sept. 27, 2017 and Dec. 8, 2017, 73 per…
[ad_1] At the Adobe Summit this week in Las Vegas, the company introduced what could be the ultimate customer experience construct, a customer experience system of record that pulls in information, not just from Adobe tools, but wherever it lives. In many ways it marked a new period in the notion of customer experience management,…
[ad_1] TAIPEI (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker and a key Apple Inc APPL.O supplier, reported on Friday 4.2 percent growth in fourth quarter net profit from a year ago, defying expectations for a decline. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on…
[ad_1] BERLIN (Reuters) – Deutsche Bank’s (DBKGn.DE) chairman Paul Achleitner is considering making Juerg Zeltner, the former head of the wealth management business of Swiss bank UBS(UBSG.S), the successor to Chief Executive John Cryan, Spiegel magazine reported on Friday. FILE PHOTO – Juerg Zeltner, President of UBS Wealth Management is pictured during an interview with…
[ad_1] BEIJING (Reuters) – Businesses and consumers in China are bracing themselves ahead of a March 31 ban on non-state sanctioned virtual private networks (VPNs), saying regulators have not provided clarity on how the ban will be implemented. A computer network cable is seen above a Chinese flag in this July 12, 2017 illustration photo.…
[ad_1] (Reuters) – Intercontinental Exchange Inc’s (ICE.N) New York Stock Exchange (NYSE) is in talks to buy the Chicago Stock Exchange (CHX), the Wall Street Journal reported on Friday, a month-and-a-half after U.S. regulators blocked the sale of CHX to China-based investors. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] TOKYO (Reuters) – Toshiba Corp said on Friday it would not be able to complete an $18 billion deal to sell its prized chip unit by an agreed deadline at the end of March, as it had not received anti-monopoly approval from China. FILE PHOTO: The logo of Toshiba Corp is seen as window…
[ad_1] There are few things that raise the hackles of Canadian consumers more than the cost of telecom services. But when it comes to rising internet costs at least, Canadians may have only themselves to blame. “There isn’t a lot of price elasticity [because] consumers aren’t leaving,” says Prof. Brynn Winegard, who teaches the neuroscience…
[ad_1] SEOUL (Reuters) – South Korean trade officials braved snowstorms, ate instant noodles to save time and spent weeks hotel-hopping in Washington as they raced to overcome major trade hurdles with their U.S. ally ahead of high-stakes nuclear discussions with North Korea. FILE PHOTO: Rolled steel are seen at a Hyundai Steel plant in Dangjin,…
[ad_1] (Reuters) – Online retailing behemoth Amazon.com Inc (AMZN.O) has cut ties with Washington lobbying firms Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs, Bloomberg reported on Friday. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo…
[ad_1] NEW YORK/LONDON (Reuters) – Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts. FILE PHOTO: The logos of RWE and E.ON are seen before a joint news…
[ad_1] BEIJING (Reuters) – Global accounting firm KPMG has suffered a major setback in its battle against liquidators of former U.S.-listed healthcare firm China Medical Technologies Inc, whose executives have been charged in the U.S. with defrauding investors out of over $400 million. FILE PHOTO: The KPMG logo is seen at their offices at Canary…
[ad_1] SAN FRANCISCO (Reuters) – A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg. Facebook CEO Mark Zuckerberg speaks on stage during the…
[ad_1] (Reuters) – U.S. retailer Walmart Inc (WMT.N) is in early-stage talks with health insurer Humana Inc (HUM.N) about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday. Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011.…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines. FILE PHOTO – A woman holds a Frappuccino at a Starbucks store inside the Tom Bradley terminal at LAX…
[ad_1] SAN FRANCISCO (Reuters) – A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg. Facebook CEO Mark Zuckerberg speaks on stage during the…
[ad_1] (Reuters) – U.S. retailer Walmart Inc (WMT.N) is in early-stage talks with health insurer Humana Inc (HUM.N) about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday. Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011.…
[ad_1] NEW YORK (Reuters) – HSBC Holdings Plc (HSBA.L) has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate, becoming the fourth major bank to settle. FILE PHOTO – The HSBC bank logo is seen at their offices in the Canary Wharf financial…
[ad_1] (Reuters) – Walmart Inc (WMT.N) is in early-stage talks with Humana Inc (HUM.N) about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday. Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011. REUTERS/John Gress/Files Walmart approached…
[ad_1] (Reuters) – Under Armour Inc (UAA.N) (UA.N) said on Thursday that data from some 150 million MyFitnessPal diet and fitness app accounts was compromised in February, sending shares of the athletic apparel maker down 3 percent in after-hours trade. The MyFitnessPal app is seen on a smartphone in Golden, Colorado in this February 5,…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc shares rose on Thursday ahead of the expected release next week of the company’s quarterly auto production data, while a senior executive urged workers at the automaker to hit a weekly production target of 2,500 Model 3 sedans by the end of March. A Tesla Model 3 sedan,…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) and other coffee companies must put a cancer warning label on coffee products sold in California, a Los Angeles judge ruled. FILE PHOTO – A woman holds a Frappuccino at a Starbucks store inside the Tom Bradley terminal at LAX airport in Los Angeles, California, United States, October 27,…
[ad_1] (Reuters) – Twelve percent of subscribers would quit their cable or satellite companies if Time Warner Inc’s (TWX.N) Turner networks were no longer available, a Massachusetts Institute of Technology marketing professor said on Thursday. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni John Hauser, who teaches marketing, was…
[ad_1] U.S. sports apparel maker Under Armour said the personal data of about 150 million users of its food and nutrition app and website MyFitnessPal was accessed by an “unauthorized” party in late February. The company said it’s been notifying users of the breach after it first became aware of the incident on Sunday. The Baltimore-based retailer said it was working with authorities…
[ad_1] (Reuters) – Under Armour Inc (UAA.N) (UA.N) said on Thursday some personal details of about 150 million user accounts of its food and nutrition app and website, MyFitnessPal, were breached last month. The MyFitnessPal app is seen on a smartphone in Golden, Colorado in this February 5, 2015 photo illustration. REUTERS/Rick Wilking The announcement…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Spotify Technology SA’s unusual stock market debut on Tuesday levels the playing field for individual investors who are normally at a disadvantage in traditional listings, but could also make them more vulnerable to swings in the music streaming service’s share price. FILE PHOTO – Headphones are seen in front…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc’s (TSLA.O) stock rebounded on Thursday but still suffered its worst week since July after one of the most optimistic analysts covering the electric car maker chopped his price target ahead of quarterly production data expected next week. FILE PHOTO: A Tesla dealership is seen in West Drayton, just…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $16.3 million in 2017, while adjusted pretax profit for the automaker dropped $1.9 billion from 2016, the company said on Thursday. Jim Hackett (L), President and CEO of Ford Motor Company, speaks at the Ford…
[ad_1] NEW YORK (Reuters) – Nervous stock investors are hoping an unusually U.S. strong earnings season can restore some of the optimism that characterized equity markets last year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid Imploding technology stocks and fears of…
[ad_1] NEW YORK (Reuters) – General Electric Co is poised to shine light into a sizable part of its financial black box, an area that governs how it estimates revenue from long-term contracts. The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, May…
[ad_1] NEW YORK/WASHINGTON (Reuters) – U.S. power company FirstEnergy Corp (FE.N) urged the federal government on Thursday to evoke little-used emergency powers to help it keep several struggling nuclear and coal-fired power plants open, a move critics blasted as an attempt at a corporate bailout. FILE PHOTO – U.S. Energy Secretary Rick Perry speaks to…
[ad_1] NEW YORK (Reuters) – Wall Street jumped on Thursday, and was on track to end a holiday-shortened and tumultuous week in positive territory as investors returned to technology stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid As March drew to…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump accused Amazon.com Inc (AMZN.O) on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but did not present any evidence to back up his criticisms or suggest any specific actions he planned to take. Trump has…
[ad_1] Winning back the trust of users could be difficult for Facebook in the wake of its data scandal as more influential business leaders and celebrities speak out against the world’s most popular social network. Apple CEO Tim Cook surprisingly criticized Facebook on Wednesday saying he would not be in the position that fellow Silicon Valley chief executive Mark Zuckerberg has found…
[ad_1] LONDON (Reuters) – Melrose Industries (MRON.L) has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN (GKN.L), after a three-month battle for control of the FTSE 100 company. FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain, March 12, 2018. REUTERS/Hannah McKay/File Photo The UK-based turnaround specialist…
[ad_1] BRUSSELS (Reuters) – Apple is introducing new tools that will allow consumers to control how their data are used and deactivate their Apple ID accounts, as tech companies strive to bring their services into line with a tough new EU data protection law. A 3D printed Apple logo is seen in front of a…
[ad_1] RIYADH (Reuters) – Saudi Arabian investment firm Kingdom Holding 4280.SE proposed a cash dividend of 0.50 riyals per share for 2017, the company said on Thursday. FILE PHOTO: Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the…
[ad_1] FRANKFURT (Reuters) – Large investors in Deutsche Bank (DBKGn.DE) have urged its chairman to provide a clear signal on whether the board backs the lender’s embattled chief executive or not, sources close to the matter told Reuters on Thursday. FILE PHOTO: Deutsche Bank CEO John Cryan addresses the bank’s annual news conference in Frankfurt,…
[ad_1] Dating app Bumble Trading Inc on Wednesday filed a U.S. lawsuit accusing rival Match Group Inc of fraud and trade secrets theft, escalating a court fight that broke out after failed buyout talks. Bumble said it was seeking $400 million US from Match, which owns popular dating app Tinder, because it obtained sensitive competitive…
[ad_1] A day after reports suggested Donald Trump has it in for Amazon, the U.S. president added gasoline to the fire on Thursday, tweeting that the company is dodging its tax obligations. I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local…
[ad_1] Dollarama Inc. raised its dividend as it reported its fourth-quarter profit climbed to $162.8 million compared with $146.1 million a year earlier. The retailer says it will now pay a quarterly dividend of 12 cents per share, up a penny from its earlier payment to shareholders. It also plans to split its shares on…
[ad_1] NEW YORK (Reuters) – Executives from major automakers raised concerns at the New York auto show this week about the possibility of a trade war after the Trump administration imposed tariffs on steel and aluminum imports earlier this month, especially at a time when U.S. sales of new vehicles are in decline. Hinrich J.…
[ad_1] (Reuters) – Bank of America Corp said on Thursday it will add 600 Merrill Edge investment centers to its new and existing locations by 2020. A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri Merrill Edge, a part of Bank of America’s wealth management…
[ad_1] WASHINGTON (Reuters) – U.S. consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. Shoppers ride escalators at the Beverly Center mall in Los Angeles, California November 8, 2013. REUTERS/David McNew/File Photo But the economy’s fundamentals remain…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday blasted Amazon.com Inc (AMZN.O) with a list of complaints, a day after news website Axios reported that Trump wants to rein in the mega retailer’s growing power using federal antitrust laws and led its shares to fall almost 5 percent. FILE PHOTO – U.S. President…
[ad_1] Canada’s economy unexpectedly contracted in January, with total output inching down by 0.1 per cent largely because of a slowdown in oil and in real estate. Statistics Canada reported Thursday that the service sector was flat, while goods-producing industries produced 0.4 per cent less stuff in January than they did in December. The mining, quarrying and oil-and-gas…
[ad_1] WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits fell to more than a 45-year low last week, suggesting the economy remains strong despite signs of a slowdown in the first quarter. FILE PHOTO – A man holds his briefcase while waiting in line during a job fair in Melville, New York…
[ad_1] KUALA LUMPUR/LONDON (Reuters) – Malaysia’s central bank said on Thursday it had foiled a cyber attack in which fraudulent messages to transfer funds were sent on the SWIFT transactions platform, the latest in a series of electronic heists at financial institutions around the world. FILE PHOTO: A general view of the headquarters of Malaysia’s…
[ad_1] (Reuters) – Constellation Brands Inc (STZ.N) reported better-than-expected quarterly sales on Thursday, driven by strong demand for its Corona and Modelo beers. FILE PHOTO: Bottles of Corona beer, the flagship brand of Group Modelo, are seen in Mexico City, Mexico February 14, 2013. REUTERS/Edgard Garrido/File Photo Net income attributable to the company rose to…
[ad_1] ORAN, Algeria (Reuters) – When the U.S.-educated CEO of Algeria’s state energy company Sonatrach ended a speech to staff by seeking questions, an executive sitting next to him quickly picked up the microphone. FILE PHOTO: An employee stands near the headquarter building of the state energy company Sonatrach in Algiers, Algeria June 26, 2016.…
[ad_1] BERLIN (Reuters) – The Airbus (AIR.PA) A400M military transport programme faces continued problems such a cumbersome mission planning system that makes it impossible to carry out medical evacuations and other short-term missions, a confidential German military report obtained by Reuters showed. FILE PHOTO – An Airbus A400M aircraft flies during a display on the…
[ad_1] SEOUL (Reuters) – Worries that Hyundai Motor Group’s planned restructuring will benefit the controlling family ahead of some shareholders have hit Hyundai Mobis Co Ltd (012330.KS), which is set to be the group’s de facto holding firm, sending its shares sharply lower on Thursday. A Hyundai Motor’s booth is seen near the Pyeongchang Olympic…
[ad_1] NEW YORK (Reuters) – Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters. Problems with crude quality would make the U.S. Strategic Petroleum Reserve (SPR) less useful…
[ad_1] LONDON (Reuters) – AMC Entertainment Holdings (AMC.N) is working with Citi (C.N) on an initial public offering (IPO) of Britain’s Odeon cinemas group, three sources familiar with the matter said. FILE PHOTO: A model stands in front of a video presentation before the start of an official signing ceremony between Wanda Group, one of…
[ad_1] FRANKFURT (Reuters) – German carmaker Volkswagen (VOWG_p.DE) said it would offer to buy back diesel vehicles if German cities ban them and also extended incentives for potential buyers of diesel cars to battle a slump in demand. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015.…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia’s central bank said on Thursday it had detected and foiled a cybersecurity incident involving attempted unauthorized fund transfers using falsified SWIFT messages. FILE PHOTO: A general view of the headquarters of Malaysia’s central bank, Bank Negara Malaysia, in Kuala Lumpur January 29, 2013. REUTERS/Bazuki Muhammad/File Photo Bank Negara Malaysia…
[ad_1] LONDON (Reuters) – Stock markets and other riskier assets steadied on Thursday as investors dusted themselves down after a woeful week for the tech sector, readying for what was set to be the first quarterly drop in global equities in two years. A man looks at an electronic stock quotation board outside a brokerage…
[ad_1] Dress to show more cleavage. Freshen up hair and makeup on the job. Line up for a physical critique. These are just some of the instructions Air Canada flight attendants were given in a bid to improve customer service, their union alleges in a complaint to the Canadian Human Rights Commission. CUPE filed the complaint this…
[ad_1] FRANKFURT (Reuters) – A German government agency has agreed to offer car buyers subsidies for Tesla (TSLA.O) vehicles again, ending a dispute with the U.S. company over whether the Model S was too expensive to qualify for the scheme. A charging point is seen at a Tesla dealership in West Drayton, just outside London,…
[ad_1] (Reuters) – U.S. exchange operator CME Group said on Thursday it had reached an agreement to buy Michael Spencer’s NEX Group, valuing the British firm at about 3.9 billion pounds ($5.5 billion) and creating a cross-border trading powerhouse. Men enter the CME Group offices in New York, U.S., October 18, 2017. REUTERS/Brendan McDermid Shareholders…
[ad_1] (Reuters) – U.S. exchange operator CME Group (CME.O) said it had reached an agreement to buy Michael Spencer’s NEX Group (NXGN.L), valuing the British company at about 3.9 billion pounds ($5.49 billion) and creating a cross-border trading powerhouse. Men enter the CME Group offices in New York, U.S., October 18, 2017. REUTERS/Brendan McDermid As…
[ad_1] NEW YORK (Reuters) – Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is growing even faster, threatening the fat profits automakers have enjoyed. At the New York Auto show this week, automakers will unveil another flock of SUVs…
[ad_1] TOKYO (Reuters) – A potential acquisition of London-listed Shire (SHP.L) by Takeda Pharmaceutical (4502.T) was greeted with investor scepticism about it merits on Thursday, with shares in the Japanese drug maker tumbling 7 percent. Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon Takeda, currently worth…
[ad_1] (Reuters) – Volkswagen has taken parking lots to a whole new level in the United States – and will not be emptying them soon. Reacquired Volkswagen and Audi diesel cars sit in a desert graveyard near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson Volkswagen AG (VOWG_p.DE) has paid more than $7.4 billion to…
[ad_1] TOKYO (Reuters) – Asian stocks sagged on Thursday after Wall Street slumped on an extended sell-off in tech firms, while the dollar dipped as it lost some momentum after surging to a one-week high. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru Hanai…
[ad_1] BEIJING (Reuters) – China warned the United States on Thursday not to open Pandora’s Box and spark a flurry of protectionist practices across the globe, even as Beijing pointed to U.S. goods that it could target in a deepening Sino-U.S. trade dispute. FILE PHOTO: Container boxes are seen at the Yangshan Deep Water Port,…
[ad_1] TOKYO (Reuters) – Asian stocks sagged on Thursday after a tech-led retreat on Wall Street while the safe haven yen was broadly lower against the dollar on Thursday amid perceived progress on North Korea issues. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru…
[ad_1] SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to ask its U.S. headquarters to roll over a debt of 988 billion won ($929.1 million) owed by the loss-making unit and coming due in April, a source with direct knowledge of the matter told Reuters. The logo of GM Korea is seen at…
[ad_1] TOKYO (Reuters) – Takeda Pharmaceutical (4502.T) shares sank to their lowest level in almost a year on Thursday after Japan’s largest drugmaker said it was considering a bid for London-listed Shire (SHP.L) that could top $40 billion. Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon…
[ad_1] TOKYO (Reuters) – Asian stocks edged up and the safe haven yen was broadly lower against the dollar on Thursday amid perceived progress on North Korea issues, although equity gains were limited after a tech-led retreat on Wall Street. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] (Reuters) – Facebook Inc (FB.O) said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook handles personal information. The world’s largest social media company is under pressure to improve its handling of data…
[ad_1] (Reuters) – U.S. judge Richard Leon on Wednesday warned attorneys for the Department of Justice and AT&T Inc to speed up the trial over the proposed merger of the large telecommunications company and Time Warner Inc, or risk missing the June 21 deadline to complete the deal. An AT&T logo is pictured in Pasadena,…
[ad_1] (Reuters) – Turner Chief Executive John Martin told a U.S. court on Wednesday that there is no incentive for the company to hold back its networks, which include CNN, TBS and TNT, from other distributors if parent Time Warner is bought by AT&T Inc. John Martin, Chairman and CEO of Turner speaks during his…
[ad_1] NEW YORK (Reuters) – Wall Street closed lower after a rocky session on Wednesday as gains in consumer staples and healthcare were offset by a sharp drop in Amazon shares and a continuing slide in technology stocks. All three major U.S. indexes ended the day in negative territory following Tuesday’s late-session tech-driven sell-off following…
[ad_1] Hewlett Packard Enterprise is moving north from Palo Alto to San Jose. The company will relocate 1,000 employees to a 220,000 square feet space in late 2018. HPE is was spun off from Hewlett-Packard in 2015 and is focused on servers and storage. This news comes months after HPE announced a different plan in…
[ad_1] (Reuters) – Facebook Inc (FB.O) has adjusted privacy settings to give users more control over their information in a few taps, it said on Wednesday, after an outcry over a whistleblower’s allegations that members’ data was used to sway the 2016 U.S. election. It put all the settings on one page and made it…
[ad_1] NEW YORK (Reuters) – Japanese automaker Nissan Motor Co Ltd (7201.T) on Wednesday unveiled an all-new Altima sedan, and demonstrated the auto industry’s problem adjusting new-model investments fast enough to keep pace with shifts in consumer demand. The 2019 Nissan Altima is presented at the New York Auto Show in the Manhattan borough of…
[ad_1] NEW YORK (Reuters) – Seven U.S. states and 16 major automakers are launching a joint $1.5 million advertising campaign to prod Americans to buy electric vehicles. Natalya Edwards, manager, Advanced Product Strategy, Hyundai Motor America, speaks next to the 2019 Hyundai Kona Electric vehicle after it was unveiled at the New York Auto Show…
[ad_1] NEW YORK (Reuters) – Four U.S. states and 16 major automakers are launching a joint $1.5 million advertising campaign to prod Americans to buy electric vehicles. Natalya Edwards, manager, Advanced Product Strategy, Hyundai Motor America, speaks next to the 2019 Hyundai Kona Electric vehicle after it was unveiled at the New York Auto Show…
[ad_1] (Reuters) – Lior Ron, head of freight operations at Uber Technologies Inc and a self-driving technology expert, is leaving the ride-hailing company, a source familiar with the matter told Reuters on Wednesday. FILE PHOTO – Lior Ron speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2017. REUTERS/Mike Blake…
[ad_1] (Reuters) – GameStop Corp (GME.N), the world’s largest video game and gaming console retailer, reported revenue that beat analysts’ estimates for the fourth straight quarter as sales of Nintendo Switch consoles remained strong. Logos of Nintendo Switch game console are seen at an electronics store in Tokyo, Japan March 3, 2017. REUTERS/Toru Hanai The…
[ad_1] NEW YORK (Reuters) – Luxury U.S. automaker brands Cadillac and Lincoln both unveiled SUV models this week at the New York auto show to meet rising American demand, but also are keeping one eye on a growing Chinese appetite for the same vehicles, executives said. The 2019 Lincoln Aviator is presented at the New…
[ad_1] NEW YORK (Reuters) – Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries. Portfolio managers holding shares of Facebook Inc, Amazon.com Inc, Netflix Inc, and Google-parent…
[ad_1] NEW YORK (Reuters) – Wall Street closed lower after a rocky session on Wednesday as gains in defensive sectors were eclipsed by a sharp fall in Amazon shares and declines in technology stocks. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March…
[ad_1] Canadian entrepreneur and philanthropist Peter Munk, who founded Barrick Gold and built it into the world’s biggest gold-mining company, has died at the age of 90. “Munk passed away peacefully in Toronto today, surrounded by his family,” Barrick said in a release. Munk was born in Budapest in 1927 and moved to Toronto 20 years…
[ad_1] WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) shares fell as much as 7.4 percent on Wednesday, briefly wiping about $53.6 billion from its market value, after news website Axios reported that U.S. President Donald Trump is obsessed with the world’s largest online retailer and wants to rein in its growing power. The logo of Amazon…
[ad_1] A report by CSOOnline presented the possibility that Microsoft would be able to ban “offensive language” from Skype, Xbox, and, inexplicably, Office. The post, which cites Microsoft’s new terms of use, said that the company would not allow users to “publicly display or use the Services to share inappropriate content or material (involving, for…
[ad_1] NEW YORK (Reuters) – Wall Street edged higher during a rocky session on Wednesday as gains for defensive stocks offset a sharp fall in Amazon shares and declines in technology stocks. A woman passes by the Nasdaq Market Site in Times Square in New York City, U.S., February 7, 2018. REUTERS/Brendan McDermid The benchmark…
[ad_1] Shares of the world’s biggest online retailer Amazon plunged on Tuesday after a report that U.S. President Donald Trump wants to go after the company’s “tax treatment.” Independent news website Axios reported that Trump was “obsessed” with Amazon and was looking into ways to go after the company with antitrust or competition law, because he believes…
[ad_1] NEW YORK (Reuters) – Tesla Inc shares fell sharply again on Wednesday, reeling from a credit downgrade of the electric car maker by Moody’s Investors Service, federal probes of a fatal crash and concerns about Model 3 production. A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah…
[ad_1] (Reuters) – BlackBerry Ltd reported a fourth-quarter profit on Wednesday that beat analysts’ estimates and said it expects strong billings at its high-margin software and services business for the full year. FILE PHOTO – A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders…
[ad_1] (Reuters) – The Nasdaq Composite index pared losses on Wednesday as gains in Microsoft and Facebook helped lessen the impact of Amazon’s losses. A woman passes by the Nasdaq Market Site in Times Square in New York City, U.S., February 7, 2018. REUTERS/Brendan McDermid The online retailer’s stock fell about 3.6 percent after reports…
[ad_1] It really is Go Time for GoDaddy . Amazon’s cloud services provider AWS and GoDaddy, the domain registration and management giant, may have competed in the past when it comes to working with small businesses to provide them with web services, but today the two took a step closer together. AWS said that GoDaddy…
[ad_1] FRANKFURT (Reuters) – John Cryan, the chief executive of Deutsche Bank (DBKGn.DE), said in a memo to staff on Wednesday he was “absolutely committed” to the lender, a day after Reuters and other news organizations reported the bank was searching for a new boss. FILE PHOTO: Deutsche Bank CEO John Cryan during a TV…
[ad_1] NEW YORK (Reuters) – Tesla Inc (TSLA.O) shares fell more than 9 percent on Wednesday following a downgrade by Moody’s Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production. A Tesla dealership is seen in West Drayton, just outside London, Britain, February…
[ad_1] (Reuters) – Amazon.com Inc’s (AMZN.O) shares fell as much as 7 percent on Wednesday, wiping out about $52 billion from the company’s market value, after a report that U.S. President Donald Trump wants to go after the U.S. tech giant. The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern…
[ad_1] When Jay Srinivasan’s last company got acquired by Google, he and his co-founders were ready to get going right away — but they couldn’t figure out how to get ramped up or where things were. That’s sometimes a refrain you’ll hear from employees of companies that are acquired, or any employees really, who suddenly have…
[ad_1] (Reuters) – The Nasdaq Composite index was sharply lower on Wednesday, dragged down by losses in Amazon and tech heavyweights such as Apple and Intel. A woman passes by the Nasdaq Market Site in Times Square in New York City, U.S., February 7, 2018. REUTERS/Brendan McDermid Amazon fell more than 5 percent after reports…
[ad_1] Salesforce hasn’t wasted any time turning the MuleSoft acquisition into a product of its own, announcing the Salesforce Integration Cloud this morning. While in reality it’s too soon to really take advantage of the MuleSoft product set, the company is laying the groundwork for the eventual integration into the Salesforce family with this announcement,…
[ad_1] BlackBerry Ltd. beat analysts’ profit estimates for its fourth quarter, and said it expects strong billings at its high-margin software and services business for the full year. The company, which reinvented itself after customers ditched its smartphones for Apple’s iPhones and Android devices, said revenue from its enterprise software and services business rose about…
[ad_1] Credit Karma, which once started as a simple credit report system and is now looking to expand into a true financial assistant, announced today it is getting a massive $500 million secondary investment from Silver Lake. As part of the investment, Credit Karma says it is getting a 23% bump in the valuation from…
[ad_1] Walmart has removed Cosmopolitan magazine from its checkout aisles. The retailer says it was primarily a business decision, but concerns raised by groups over the magazine’s content were heard. The National Center on Sexual Exploitation says Walmart’s decision makes it a “leader and trailblazer in corporate responsibility.” In a statement, the group says Cosmo…
[ad_1] A fatal crash and vehicle fire of a Tesla Inc Model X near Mountain View, California, last week has prompted a federal field investigation, the U.S. National Transportation Safety Board said on Tuesday, sparking a big sell-off in Tesla stock. Tesla tumbled 8.2 per cent, or $25 a share, to close at $279.18, the…
[ad_1] A brand of roast beef sold through Druxy’s Famous Deli restaurants in Ontario is being recalled due to possible contamination from Listeria. The Canadian Food Inspection Agency says the Seasoned Cooked Roast Beef, produced by Erie Meat Products Ltd., of Mississauga, Ont., is served without a label or coding. Consumers who are unsure whether they…
[ad_1] NEW DELHI (Reuters) – Uber’s decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it’s locked in a fierce battle with local rival, Ola, industry analysts say. FILE PHOTO: A billboard of ride-hailing service Uber is pictured on a highway…
[ad_1] (Reuters) – Credit-monitoring firm Equifax Inc (EFX.N) named former General Electric Co (GE.N) executive Mark Begor as chief executive officer on Wednesday, as it looks to regain investor confidence after being hit by a massive data breach. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8,…
[ad_1] WASHINGTON (Reuters) – U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports. A shopper is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan…
[ad_1] ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines (AGNr.AT) picked Airbus (AIR.PA) for an order of 42 aircraft worth $5 billion (4 billion euros) to renew its fleet of single-aisle planes and add capacity for future expansion, executives said on Wednesday. FILE PHOTO: An Aegean Airlines Airbus A320-200 takes off from the Eleftherios Venizelos…
[ad_1] Facebook is giving its privacy tools a makeover as it reels from criticisms over its data practices and faces tighter European regulations in the coming months. The changes won’t affect Facebook’s privacy policies or the types of data it gathers on users. But the company hopes its 2.2 billion users will have an easier…
[ad_1] DUBAI, (Reuters) – Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters. A Saudi woman shows the Careem app on her mobile phone in Riyadh, Saudi Arabia, January 2, 2017. Picture taken January 2, 2017. REUTERS/Faisal Al Nasser Careem,…
[ad_1] ATHENS (Reuters) – Aegean Airlines (AGNr.AT) will order 42 aircraft worth $5 billion (4 billion euros) from Airbus (AIR.PA) as Greece’s largest carrier renews its fleet of single-aisle planes, company executives said on Wednesday. Logo of Airbus is pictured at the Airbus A380 final assembly line at Airbus headquarters in Blagnac, near Toulouse, France,…
[ad_1] HONG KONG (Reuters) – The president of Tencent Holdings, Asia’s most valuable listed company, has sold 1 million of his shares in the company at a premium of 5.4 percent to Wednesday’s closing market price, according to a regulatory filing. FILE PHOTO – Martin Lau, President of Tencent, meets with the press in the…
[ad_1] (Reuters) – Facebook Inc (FB.O) is giving users more control over their privacy by making data management easier and redesigning the settings menu, the company said on Wednesday, in the wake of a scandal over a breach that exposed the personal information of millions and was allegedly used by a political consultancy. A picture…
[ad_1] TOKYO (Reuters) – Nissan Motor Co Ltd (7201.T) on Wednesday said it would resume building and selling cars in Pakistan next year, becoming the latest global automaker to operate in a market tipped to expand in coming years as vehicle ownership increases among a growing middle class. FILE PHOTO – Nissan’s Datsun Redi-GO compact…
[ad_1] (Reuters) – Hamburg’s tax office is examining the German activities of U.S. agricultural merchant Archer Daniels Midland over a five-year period in what the company called a routine audit, although sources said ADM could face unforeseen liabilities. FILE PHOTO – The world’s largest corn mill of global grain company Archer Daniels Midland is pictured…
[ad_1] LONDON (Reuters) – Stocks toppled again on Wednesday, as jitters about a U.S.-China trade war and regulatory crackdown on firms such as Facebook left investors facing their first quarterly fall in equity markets in two years. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 19,…
[ad_1] LONDON (Reuters) – Is London’s position as the largest international centre of finance slipping as a result of Brexit? FILE PHOTO: A City of London financial district buildings are seen reflected in windows of another office block in London, Britain, January 25, 2018. REUTERS/Toby Melville/File Photo London has been a critical artery for the…
[ad_1] SEOUL (Reuters) – The United States and South Korea have agreed to revise a trade pact with a side deal to deter competitive currency devaluation by Seoul and with concessions for U.S. autos and pharmaceutical companies, Trump administration officials said on Tuesday. FILE PHOTO: A model poses with a Chevrolet Bolt EV during the…
[ad_1] TOKYO (Reuters) – Asian shares fell on Wednesday after Wall Street was knocked hard by concerns about tighter controls on the tech industry, denting a brief global equities recovery driven by hopes that the risk of a U.S.-China trade war was easing. FILE PHOTO: A man walks past an electronic stock quotation board outside…
[ad_1] NEW YORK (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund will invest in a solar power generation company in Saudi Arabia, creating the world’s biggest solar producer, as it steps up its involvement in the kingdom, its chief executive said on Tuesday. FILE PHOTO: The logo of SoftBank Group Corp is seen at the…
[ad_1] SHANGHAI/BEIJING (Reuters) – The former chairman of Anbang Insurance Group Co Ltd [ANBANG.UL], Wu Xiaohui, contested all charges against him in a high-profile trial that began in Shanghai on Wednesday, adding he was unaware whether his activities had violated the law. FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development…
[ad_1] BEIJING (Reuters) – U.S. chipmaker NXP Semiconductors NV (NXPI.O), the target of a $44 billion takeover by Qualcomm Inc (QCOM.O) that is awaiting approval by Chinese anti-monopoly regulators, has sold its stake in a Chinese chip-design joint venture. FILE PHOTO: A man works on a tent for NXP Semiconductors in preparation for the 2015…
[ad_1] TOKYO (Reuters) – Asian shares fell on Wednesday after Wall Street was knocked hard by concerns about tighter controls on the tech industry, denting a brief global equities recovery driven by hopes that the risk of a U.S.-China trade war was easing. FILE PHOTO: A man walks past an electronic stock quotation board outside…
[ad_1] SAN FRANCISCO (Reuters) – To Wall Street money managers who make bets for a living, U.S. President Donald Trump’s aggressive stance against China on trade looks like a high-stakes poker hand – but they believe they can play it for all it’s worth. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] BEIJING (Reuters) – China will soon announce a list of retaliatory tariffs on United States exports to China to counter an expected announcement from the United States of proposed new tariffs on Chinese imports, the Global Times said Wednesday. FILE PHOTO: Containers are seen at the port in San Pedro, California, U.S., March 22,…
[ad_1] BEIJING (Reuters) – The trial of the former chairman of Anbang Insurance Group Co Ltd [ANBANG.UL] Wu Xiaohui for alleged economic crimes started in Shanghai on Wednesday, according to a statement from the Shanghai No. 1 Intermediate People’s Court. FILE PHOTO: The headquarters building of Anbang Insurance Group is pictured in Beijing, China, August…
[ad_1] (Reuters) – A proposal AT&T (T.N) made to the U.S. government last year to avoid going to trial over its $85 billion deal to buy Time Warner Inc (TWX.N) would not sufficiently protect competitors, a Dish executive testified on Tuesday. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni…
[ad_1] SAN FRANCISCO (Reuters) – Three users of the Facebook Messenger app sued Facebook (FB.O) on Tuesday, saying the social network violated their privacy by collecting logs of their phone calls and text messages, in the latest legal challenge facing the company. FILE PHOTO: A 3D-printed Facebook logo are seen in front of displayed binary…
[ad_1] TOKYO (Reuters) – Asian shares pulled back on Wednesday as Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the United States. A man walks past an electronic stock quotation…
[ad_1] Tim Hortons plans to renovate most of its Canadian restaurants over the next several years in what some franchisees say is another “ill-conceived” move that will cost individual restaurant owners about $450,000. The coffee-and-doughnut chain and its restaurant owners will invest $700 million to gussy up almost all its Canadian locations over the next…
[ad_1] CHICAGO/SAN FRANCISCO (Reuters) – Apple Inc on Tuesday rolled out a new iPad and classroom software aimed at grabbing more of the U.S. education market, but did not cut the price of its entry-level tablet despite schools flocking to laptops costing a third less. Apple’s Vice-President of iOS, iPad and iPhone Product Marketing, Greg…
[ad_1] WILMINGTON, Del (Reuters) – U.S. gunmaker Remington Outdoor Co Inc won court approval on Tuesday to borrow an interim $75 million to sustain its business during its Chapter 11 bankruptcy, which will allow the company to carry out a $775 million debt-cutting deal. FILE PHOTO: A man walks with his Remington 870 Express 12…
[ad_1] (Reuters) – A proposal AT&T (T.N) made to the U.S. government last year to avoid going to trial over its $85 billion deal to buy Time Warner Inc (TWX.N) would not sufficiently protect competitors, a Dish executive testified on Tuesday. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni…
[ad_1] (Reuters) – A U.S. appeals court on Tuesday resurrected a multi-billion dollar copyright case brought by Oracle Corp against Alphabet Inc’s Google. A sign marks a building housing Oracle offices in Burlington, Massachusetts, U.S., June 21, 2017. REUTERS/Brian Snyder The U.S. Court of Appeals for the Federal Circuit said Google’s use of Oracle’s Java…
[ad_1] NEW YORK (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg plans to testify before U.S. Congress, a source briefed on the matter said on Tuesday, as he bows to pressure from lawmakers insisting he explain how 50 million users’ data ended up in the hands of a political consultancy. Lawmakers in the United States…
[ad_1] TEMPE, Ariz./PITTSBURGH (Reuters) – When Uber decided in 2016 to retire its fleet of self-driving Ford Fusion cars in favor of Volvo sport utility vehicles, it also chose to scale back on one notable piece of technology: the safety sensors used to detect objects in the road. FILE PHOTO: A self driving Volvo vehicle,…
[ad_1] (Reuters) – Wall Street closed sharply lower Tuesday, with each of the major U.S. indexes suffering their fourth decline in five sessions, fueled by a selloff in the tech sector. Tech stocks, among the best performing sectors of the bull market, have been under pressure recently as concerns about government regulation stemming from their…
[ad_1] (Reuters) – India’s Income Tax department has frozen Cognizant Technology Solutions Corp’s (CTSH.O) bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday. The Cognizant logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017.…
[ad_1] Ride-hailing app Uber may have turned off a standard safety system in a Volvo SUV before the self-driving vehicle fatally struck a woman in Arizona last week, according to a report. A spokesperson for Michigan based auto-parts maker Aptiv Plc, which supplies Volvo with the vehicle’s radar and camera, told Bloomberg that Uber disabled the SUV’s standard collision-avoidance technology. “We don’t want…
[ad_1] As companies gather increasing amounts of data, they face a choice over bottlenecks. They can have it in the storage component or the backend compute system. Some companies have attacked the problem by using GPUs to streamline the back end problem or Flash storage to speed up the storage problem. Pure Storage wants to…
[ad_1] A Canadian cryptocurrency exchange has bought four golden casts of the hands of former South African president Nelson Mandela for $10 million worth of bitcoin. Arbitrade has purchased what’s believed to be the last surviving life-size impressions of Mandela’s hands, each made out of nine kilograms of pure gold. Mandela served as president of South Africa from 1994 to…
[ad_1] The Government’s proposed passenger bill of rights is facing new obstacles in parliament after a Senate Committee examining the bill called for even stronger protection for consumers when they are hit with lengthy tarmac delays at the airport. In December, CBC’s Marketplace highlighted that the Government’s proposals appeared to be rolling back existing passenger…
[ad_1] (Reuters) – A federal judge significantly narrowed but refused to dismiss a lawsuit accusing Wells Fargo & Co, the third-largest U.S. bank, of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area. FILE PHOTO – A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015.…
[ad_1] (Reuters) – The U.S. National Transportation Safety Board is opening a field investigation of a fatal Tesla Inc (TSLA.O) crash and major vehicle fire near Mountain View, California, last week, the agency said on Tuesday. FILE PHOTO – The logo of Tesla is seen in Taipei, Taiwan on August 11, 2017. REUTERS/Tyrone Siu/File Photo…
[ad_1] NEW YORK (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg plans to testify before U.S. Congress, a source briefed on the matter said on Tuesday, as he bows to pressure from lawmakers insisting he explain how 50 million users’ data ended up in the hands of a political consultancy. Lawmakers in the United States…
[ad_1] NEW YORK (Reuters) – Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years. Saudi Arabia’s Crown Prince Mohammed Bin Salman attends the Annual Horse Race ceremony, in Riyadh, Saudi Arabia, December 30, 2017. Bandar Algaloud/Courtesy of Saudi Royal…
[ad_1] LONDON/NEW YORK (Reuters) – Food giants Nestle (NESN.S), Kraft Heinz (KHC.O) and Unilever (ULVR.L) are expected to bid for GlaxoSmithKline’s (GSK.L) Horlicks health nutrition business, which could fetch more than $4 billion, according to people familiar with the matter. FILE PHOTO: The GlaxoSmithKline building is pictured in Hounslow, west London June 18, 2013. REUTERS/Luke…
[ad_1] LONDON (Reuters) – A scandal engulfing Facebook over the use of its data by political consultants widened on Tuesday when a whistleblower said Canadian company AggregateIQ had developed a program to target Republican voters in the 2016 U.S. election. Christopher Wylie, who previously revealed that consultancy Cambridge Analytica had accessed the data of 50…
[ad_1] NEW YORK (Reuters) – Saudi Arabia will sign a memorandum of understanding (MoU) with U.S. planemaker Boeing Co (BA.N) to provide support and training to the kingdom’s fleet on an upcoming visit to Seattle, the chairman of the state-owned military industrial company said on Tuesday. The Boeing building is seen next to Boeing Field…
[ad_1] After rocketing to a $250 million valuation in 2015 amid a massive hype cycle for on-demand companies, on-demand startup Shyp is shutting down today. CEO Kevin Gibbon announced that the company would be shutting down in a blog post this afternoon. The company is ending operations immediately after, like many on-demand companies, struggling to…
[ad_1] LONDON (Reuters) – A growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast-emerging industry. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this…
[ad_1] WASHINGTON (Reuters) – U.S. consumer confidence fell from more than a 17-year high in March amid stock market volatility, but households remained upbeat about labor market conditions, which could help to support consumer spending. FILE PHOTO – Holiday shoppers look at store windows at Henri Bendel store on 5th Avenue in New York November…
[ad_1] CHICAGO (Reuters) – Apple Inc (AAPL.O) on Tuesday rolled out a new iPad that works with its Apple Pencil and is aimed at grabbing more of the U.S. education market, but did not cut the price of the tablet despite fierce competition from cheaper laptops. Tim Cook, Chief Executive Officer of Apple Inc., takes…
[ad_1] Rackspace, which was taken private in a $4.3 billion deal in August 2016 by private equity firm Apollo Global Management, is reportedly in consideration for an IPO by the firm, according to a report by Bloomberg. The company could have an enterprise value of up to $10 billion, according to the report. Rackspace opted…
[ad_1] NEW YORK (Reuters) – Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years to come. Saudi Arabia’s Crown Prince Mohammed Bin Salman attends the Annual Horse Race ceremony, in Riyadh, Saudi Arabia, December 30, 2017. Bandar Algaloud/Courtesy of…
[ad_1] (Reuters) – The Trump administration is mulling a crackdown on Chinese investments in technologies that the U.S. considers sensitive by employing a law reserved for national emergencies, among other options, Bloomberg reported, citing people familiar with the matter. FILE PHOTO – A U.S. flag is seen during a welcoming ceremony in Beijing, China, November…
[ad_1] (Reuters) – Google has won the dismissal of a lawsuit in California accusing YouTube of censoring conservative content. The YouTube app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration In a decision late Monday, U.S. District Judge Lucy Koh said a nonprofit run by conservative radio…
[ad_1] Last September, Atlassian launched Stride, it’s take on a Slack-like real-time communications platform for text, audio and video chats, into beta. Six months later, Stride is now generally available to any and all teams that want to give it a try. While Atlassian is a bit cagey about providing exact user numbers, so the…
[ad_1] The news that Facebook’s Android app has been collecting call and text histories is yet another black eye for the social media giant. But just why was Facebook able to siphon off records of who its users were contacting — and when — in the first place? The short answer: Because Google let it.…
[ad_1] AMSTERDAM (Reuters) – Akzo Nobel will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group, the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year. FILE PHOTO: General view of the outside of…
[ad_1] For years, the goal of marketers was to understand the customer so well, they could respond to their every need, while creating content specifically geared to their wishes. Adobe Cloud Platform has long acted as a vehicle to collect and understand customer data inside the Adobe toolset, but today Adobe took that a step…
[ad_1] Twitter Inc. will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses. The prohibition will cover advertising of initial coin offerings (ICOs) — crowdfunding used to raise cash by creating new coins — as well as token sales,…
[ad_1] Kloudless makes it easier for developers to connect their applications to a variety of third-party tools for file storage, customer management, calendaring and other services through a unified API. It’s a bit like an IFTTT for developers. Today, the company announced that it has raised a $6 million Series A round led by Aspect…
[ad_1] (Reuters) – Wall Street’s main indexes rose on Tuesday, extending their rally from the previous session as fears of a possible trade war between the United States and China eased. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid The Dow Jones…
[ad_1] MariaDB is best known as a drop-in replacement for the popular MySQL database. But the MariaDB Corporation, which was founded by MySQL founder Monty Widenius and which offers all of its software under an open source license, clearly has its sights set on a bigger market and is looking to expand and better challenge the…
[ad_1] The federal government is taking steps to crack down on companies that try to ship cheap foreign steel and aluminum through the Canadian market. Canada Border Services Agency is being granted extra powers to identify businesses that try to dodge import duties and more flexibility to determine whether prices in countries of origin are…
[ad_1] SHANGHAI (Reuters) – Chinese automaker BYD Co Ltd (002594.SZ)(1211.HK), backed by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), said on Tuesday its first-quarter net profit would likely fall sharply amid cuts to subsidies for new-energy vehicles. FILE PHOTO: Performers perform next to BYD’s hybrid electric cars ‘Yuan’ on a stage at BYD Dreamcast conference in…
[ad_1] LONDON (Reuters) – When electric carmaker Tesla Inc. launched its first mass market model last summer, it sent a shockwave through the aluminum industry by largely shifting to steel and away from the lighter weight metal it had used in its first two luxury models. FILE PHOTO: A Tesla Model 3 is seen in…
[ad_1] PARIS (Reuters) – U.S. e-commerce giant Amazon (AMZN.O) has made further inroads into food retail in France as Casino’s (CASP.PA) upmarket Monoprix chain became the first local retailer to agree to sell groceries via Amazon. The logo of Monoprix is seen on a shopping trolley at a Monoprix supermarket in Nice, France, March 27,…
[ad_1] CHICAGO (Reuters) – Apple Inc on Tuesday was widely expected to announce a lower-priced iPad aimed at helping it grab more of the U.S. educational market. FILE PHOTO – An Apple employee uses an iPad with an augmented reality app on it to show off features of the new Apple Park at the Apple…
[ad_1] LONDON (Reuters) – Facebook boss Mark Zuckerberg will not answer questions from British lawmakers over how millions of users’ data got into the hands of political consultancy Cambridge Analytica as the company faces further pressure on both sides of the Atlantic. FILE PHOTO: Facebook founder Mark Zuckerberg speaks during the Alumni Exercises following the…
[ad_1] ZURICH (Reuters) – GlaxoSmithKline is buying Novartis out of their consumer healthcare joint venture for $13 billion, taking full control of products including Sensodyne toothpaste, Panadol headache tablets, muscle gel Voltaren, and Nicotinell patches. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland…
[ad_1] LONDON (Reuters) – Bank of America Merrill Lynch (BAML) (BAC.N) and Credit Suisse (CSGN.S) on Tuesday reported mean gender pay gaps in their British operations of 28.7 percent and 39.2 percent respectively. FILE PHOTO: The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March…
[ad_1] LONDON (Reuters) – Stock markets jumped and the dollar fell on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors’ appetite for riskier assets. FILE PHOTO – A woman walks past an electronic board showing the graphs of the recent movements of Japan’s Nikkei average…
[ad_1] LONDON (Reuters) – Facebook boss Mark Zuckerberg will not answer questions from British lawmakers over a scandal in which the social media network let millions of users’ data get into the hands of political consultancy Cambridge Analytica, The Telegraph newspaper and the BBC reported. FILE PHOTO: Facebook founder Mark Zuckerberg speaks during the Alumni…
[ad_1] AMSTERDAM (Reuters) – Akzo Nobel has agreed to sell its specialty chemicals business to investors led by U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.6 billion), including debt — a milestone for the Dutch company as it struggles to recover from a tempestuous 2017. FILE PHOTO: General view of the outside…
[ad_1] BEIJING/SHANGHAI (Reuters) – Walmart Inc has placed a bet on Tencent Holdings Ltd’s mobile payment system, giving the tech giant a boost in its battle with Alibaba Group Holding Ltd for pole position in China’s fast-growing payments market. FILE PHOTO: Pedestrians walk past a signboard of Walmart at its branch store in Beijing, China,…
[ad_1] AMSTERDAM (Reuters) – Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC [GIC.UL] for 10.1 billion euros ($12.6 billion), including debt. FILE PHOTO: The sign of AkzoNobel is pictured at its headquarters in Amsterdam, The Netherlands, February 6, 2014. REUTERS/Toussaint Kluiters/United Photos/ X02506/File…
[ad_1] AMSTERDAM (Reuters) – Akzo Nobel said on Tuesday it had reached an agreement with U.S. private equity firm Carlyle Group and Singapore’s GIC [GIC.UL] to sell its Specialty Chemicals business for 10.1 billion euros ($12.6 billion). FILE PHOTO: The sign of AkzoNobel is pictured at its headquarters in Amsterdam, The Netherlands, February 6, 2014.…
[ad_1] SYDNEY (Reuters) – Asian share markets sprang higher on Tuesday as reports of behind-the-scenes talks between the United States and China rekindled hopes that a damaging trade war could be averted, in turn sapping life from the dollar and yen. FILE PHOTO – A woman walks past an electronic board showing the graphs of…
[ad_1] ZURICH (Reuters) – GlaxoSmithKline (GSK.L) will buy Novartis’s (NOVN.S) 36.5 percent stake in their consumer healthcare joint venture for $13.0 billion in cash, the partners said on Tuesday. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann The…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) will sell its 36.5 percent stake in a consumer healthcare joint venture to GSK (GSK.L) for $13.0 billion in cash to focus on strategic priorities, the Swiss drugmaker said on Tuesday. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of…
[ad_1] NAMIE, Japan (Reuters) – At a small plant intended to help revitalize a town ravaged by the 2011 earthquake, Nissan Motor Co is giving its costly electric vehicle (EV) batteries new life after they pass their peak performance. FILE PHOTO: The logo of Nissan Motor Co is seen at its showroom in Tokyo, Japan…
[ad_1] SEOUL (Reuters) – Hyundai Motor Co’s (005380.KS) South Korean labor union on Tuesday called Seoul’s revised free trade deal with the United States “humiliating”, and said the extended tariffs on pick-up trucks mean a missed opportunity to tap into the U.S. market. FILE PHOTO: A worker works at an assembly line of Hyundai Motor’s…
[ad_1] SEOUL (Reuters) – General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labor costs by April 20, the union said on Tuesday. The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 12, 2018. Picture taken March…
[ad_1] (Reuters) – Deutsche Bank (DBKGn.DE) is seeking to replace Chief Executive John Cryan amid an intensified boardroom row over the bank’s future and alarm at its performance, the Times newspaper reported on Monday. FILE PHOTO – Deutsche Bank CEO John Cryan speaks during the bank’s annual general meeting in Frankfurt, Germany May 18, 2017.…
[ad_1] TEMPE, Ariz. (Reuters) – The governor of Arizona on Monday suspended Uber’s ability to test self-driving cars on public roads in the state following a fatal crash last week that killed a 49-year-old woman pedestrian. FILE PHOTO – Doug Ducey smiles after voting in the Paradise Valley section of Phoenix, Arizona August 26, 2014.…
[ad_1] WASHINGTON (Reuters) – The White House is investigating whether two loans totaling more than $500 million to the family real estate business of U.S. President Donald Trump’s son-in-law and senior adviser Jared Kushner violated any criminal laws or regulations, according to the U.S. Office of Government Ethics. FILE PHOTO: White House senior adviser Jared…
[ad_1] SYDNEY (Reuters) – Asian share markets rallied on Tuesday as reports of behind-the-scenes talks between the United States and China rekindled hopes a damaging trade war could be averted, in turn sapping the strength of the dollar and yen. FILE PHOTO – A woman walks past an electronic board showing the graphs of the…
[ad_1] (Reuters) – U.S. cosmetics maker Avon Products Inc (AVP.N) has reached an agreement with Barington Capital to nominate the investor’s chief executive officer, James Mitarotonda, to its board in exchange for avoiding a proxy contest, a filing on Monday showed. The Avon Products headquarters is seen in midtown Manhattan area of New York, June…
[ad_1] SEOUL (Reuters) – General Motors (GM.N) said its South Korean operations would file for bankruptcy should its union not make concessions by April 20, the union said on Tuesday. The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 12, 2018. Picture taken March 12, 2018. REUTERS/Kim Hong-Ji…
[ad_1] WASHINGTON (Reuters) – A top executive of DISH Network Corp (DISH.O) argued on Monday that AT&T Inc’s (T.N) planned purchase of Time Warner Inc (TWX.N) would give AT&T too much power to block competitors’ access to crucial content. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni The U.S.…
[ad_1] WASHINGTON (Reuters) – The leading U.S. consumer protection regulator and attorneys representing 37 states stepped up pressure on Facebook Inc (FB.O) on Monday to explain how the social network allowed data of 50 million users get into the hands of a political consultancy. The U.S. Federal Trade Commission took the unusual step of announcing…
[ad_1] WASHINGTON/BEIJING (Reuters) – Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors in negotiations to avoid U.S. tariffs and a potential trade war. FILE PHOTO – U.S. President Donald Trump and China’s President Xi Jinping shake hands…
[ad_1] Alberta Premier Rachel Notley is calling a recent court decision on the Trans Mountain pipeline expansion project a definitive victory. The Federal Court of Appeal on Friday dismissed the B.C. government’s bid to challenge a National Energy Board ruling that allows Kinder Morgan Canada to bypass local bylaws during construction of the pipeline expansion…
[ad_1] YORK, England (Reuters) – Nestle is launching a lower-sugar Milkybar made with a new version of the sweetener which could help ease the $185 billion confectionery industry’s growing public health headache. Bars of Nestle’s new ‘Milkybar Wowsomes’ are displayed on a table at their Product Technology Centre in York, Britain, March 21, 2018. REUTERS/Phil…
[ad_1] NEW YORK (Reuters) – Wall Street scored its best day in 2-1/2 years and the Dow Jones Industrial Average saw its third-biggest point gain ever on Monday, as trade war fears eased on reports the United States and China are willing to renegotiate tariffs and trade imbalances. The rally, fueled by technology stocks, came…
[ad_1] TORONTO/NEW YORK (Reuters) – Shares of Canadian lender Callidus Capital Corp lost as much as 21.6 percent in two trading sessions, hitting an all-time low, after a Reuters report on Friday raised questions about the valuations that parent company Catalyst Capital Group Inc assigned to some of its portfolio companies. A sign shows the…
[ad_1] (Reuters) – U.S. gunmaker Remington Outdoor Co has obtained commitments for nearly $300 million from its existing lenders, including some of the biggest U.S. banks, after new sources of funding dried up in the months leading up to its filing for Chapter 11 bankruptcy. During that time, the company’s investment bank, Lazard Ltd (LAZ.N),…
[ad_1] Dropbox’s surge on the stock market has continued, with the company going up another 7% on its second day on the stock market. The company saw its shares close at $30.45, giving the company above a $13 billion market cap, fully diluted. When it priced its IPO, there was a question as to whether…
[ad_1] SAO PAULO (Reuters) – Global investment banks from Citigroup to Goldman Sachs are hiring again in Brazil after years of retrenchment as historically low interest rates fuel a recovery as well as a small boom in M&A and stock and local bond offerings. FILE PHOTO – The Citigroup Inc (Citi) logo is seen at…
[ad_1] NEW YORK (Reuters) – Technology stocks led Wall Street’s rebound on Monday as fears over a potential trade war were calmed following reports the U.S. and China are willing to renegotiate tariffs and trade imbalances. All three major U.S. indexes were up more than 2 percent on the heels of their worst weekly performance…
[ad_1] (Reuters) – Billionaire hedge fund manager Daniel Loeb’s firm Third Point LLC wants to build a stake in United Technologies Corp (UTX.N), Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S., September 21, 2016. REUTERS/Andrew Kelly according to a filing with the Federal Trade Commission, as the…
[ad_1] LONDON (Reuters) – Twitter Inc (TWTR.N) will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration…
[ad_1] WASHINGTON (Reuters) – Facebook Inc (FB.O) shares fell as much as 6.5 percent on Monday after the main U.S. consumer protection regulator said it was investigating how the social network allowed data of 50 million users to get into the hands of a political consultancy. A figurine is seen in front of the Facebook…
[ad_1] NEW YORK (Reuters) – Saudi Aramco will be ready for an initial public offering in the second half of 2018 and the work is ongoing, Amin Nasser, the chief executive officer of the state oil company, said in a Bloomberg television interview on Monday. FILE PHOTO: A Saudi Aramco employee sits in the area…
[ad_1] (Reuters) – U.S. stocks advanced on Monday as signs that the United States and China were willing to negotiate on tariffs eased concerns about a trade war between the two countries. Technology stocks led gains on the major indexes, powered by Microsoft’s (MSFT.O) 5.8 percent jump following Morgan Stanley’s price target increase on the…
[ad_1] (Reuters) – U.S. stocks were higher on Monday as fears about a trade war between the United States and China eased following reports that the two countries were willing to negotiate tariffs and trade imbalances. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018.…
[ad_1] (Reuters) – Billionaire hedge fund manager Daniel Loeb’s firm Third Point LLC wants to build a stake in United Technologies Corp (UTX.N), according to a filing with the Federal Trade Commission, as the U.S. aero parts maker explores a breakup of its businesses. Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event…
[ad_1] WASHINGTON (Reuters) – Banks should adopt compensation plans that discourage excessive risk-taking and place greater onus on senior managers for wrongdoing, the outgoing head of the New York Federal Reserve said on Monday. FILE PHOTO: William C. Dudley, President of the Federal Reserve Bank of New York answers questions delivered by moderator Rob Cox…
[ad_1] WASHINGTON (Reuters) – Federal Communications Commission Chairman Ajit Pai on Monday said he was proposing new rules to bar the use of funds from a government program to purchase equipment or services from companies that pose a security threat to U.S. communications networks. FILE PHOTO – Chairman Ajit Pai speaks ahead of the vote…
[ad_1] Despite its name, the Linux Foundation has long been about more than just Linux. These days, it’s a foundation that provides support to other open source foundations and projects like Cloud Foundry, the Automotive Grade Linux initiative and the Cloud Native Computing Foundation. Today, the Linux Foundation is adding yet another foundation to its stable:…
[ad_1] LONDON (Reuters) – Twitter is to ban cryptocurrency advertising, joining Facebook and Google in a clampdown on the industry over the risk of giving publicity to potential fraud or large investor losses. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture,…
[ad_1] Shares of social media giant Facebook took another dive on Monday after news that the U.S. Federal Trade Commission (FTC) has opened an “non-public” investigation into the company’s privacy practices. Facebook shares listed on the Nasdaq composite in New York tumbled more than five per cent to $151 US on Monday morning. Its shares were already down…
[ad_1] (Reuters) – Shares of Facebook Inc fell more than 5 percent on Monday after the U.S. Federal Trade Commission made public its investigation of the social network following the disclosure that data of 50 million users got into the hands of political consultancy Cambridge Analytica. A figurine is seen in front of the Facebook…
[ad_1] WASHINGTON (Reuters) – The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc (AIG.N) CEO Maurice “Hank” Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed out the insurer during the 2008 financial crisis at the expense of shareholders. FILE PHOTO – Maurice…
[ad_1] JOHANNESBURG (Reuters) – South Africa’s anti-corruption agency is investigating a 671 million rand ($60 million) government contract with German software firm SAP (SAPG.DE), which has admitted misconduct in separate deals involving friends of ousted president Jacob Zuma. SAP logo is seen at SAP company offices in Woodmead, Johannesburg, South Africa, March 26, 2018. REUTERS/Siphiwe…
[ad_1] North American stock markets jumped higher in early morning trading on Monday following Friday’s steep losses as reports suggested the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war. Last week, the White House announced it wants to impose tariffs on up to $60 billion US on Chinese goods,…
[ad_1] (Reuters) – Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. The company’s chief financial officer, Stephen Jackson, said in court papers that Remington’s sales fell significantly in…
[ad_1] Toronto-based ice cream chain Sweet Jesus is facing calls for a boycott from Christians who say the name is blasphemous and mocks their religion. The chain, founded in 2015 by Andrew Richmond and Amin Todai, has multiple locations in the Greater Toronto Area and is known for its decadent frozen desserts. It has recently…
[ad_1] (Reuters) – U.S. tiremaker Pep Boys said on Monday that it is suspending all advertising on Facebook Inc following concerns of data privacy, joining internet company Mozilla Corp in pulling ads from the social networking site. A 3D-printed Facebook dislike button is seen in front the Facebook logo, in this illustration taken October 25,…
[ad_1] FRANKFURT (Reuters) – European Central Bank inspectors found shortcomings and miscalculations worth more than 10 billion euros when going through euro zone banks’ loan books last year, the ECB said on Monday. The European Central Bank (ECB) headquarter is illuminated during a preview for the Luminale light show in Frankfurt, Germany, March 16, 2018.…
[ad_1] (Reuters) – Lowe’s Companies Inc (LOW.N) said on Monday its Chief Executive Robert Niblock would retire after the U.S. home improvement chain finds a successor. FILE PHOTO – An employee stands outside a Lowe’s home improvement chain in Austin, Texas, U.S., February 27, 2017. Picture taken February 27, 2017. REUTERS/Mohammad Khursheed The board of…
[ad_1] U.S. gun maker Remington Outdoor Company has filed for bankruptcy protection, after years of falling sales and lawsuits tied to the Sandy Hook Elementary School massacre. Records from the bankruptcy court of the district of Delaware show that the company filed late Sunday. Remington had in February reached a deal with lenders to reduce…
[ad_1] LONDON (Reuters) – GKN (GKN.L) promised on Monday a quick cash handout for shareholders if they back a sweetened offer for its auto business, raising the stakes in its battle to fend off a hostile bid for the entire company. FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain, March…
[ad_1] BEIJING (Reuters) – Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war. FILE PHOTO – Chinese Premier Li Keqiang speaks at the news conference following the closing session of the National…
[ad_1] GENEVA (Reuters) – China called on World Trade Organization members on Monday to unite to prevent the United States “wrecking” the WTO and urged them to oppose U.S. tariffs targeting China’s alleged theft of intellectual property. FILE PHOTO – Xiangchen Zhang, Chinese Ambassador to the World Trade Organization (WTO) attends an interview with Reuters…
[ad_1] (Reuters) – Japan’s SoftBank Group Corp (9984.T) is looking to invest $1 billion in Chinese truck-hailing company Manbang Group, the Wall Street Journal reported on Monday, citing people familiar with the matter. The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato SoftBank’s…
[ad_1] ULSAN, South Korea (Reuters) – Hyundai Motor’s (005380.KS) union chief warned its workers may face a similar crisis to the one hitting General Motors’ (GM.N) South Korean unit as sales in key markets slide, adding that electric cars were ‘evil’ and will destroy jobs. Ha Bu-young, Hyundai Motor’s South Korean union chief speaks during…
[ad_1] (Reuters) – Japan’s SoftBank Group Corp (9984.T) is looking to invest $1 billion in Chinese delivery firm Manbang Group, the Wall Street Journal reported on Monday, citing people familiar with the matter. The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato SoftBank’s…
[ad_1] LONDON (Reuters) – World stocks came off six-week lows and U.S. stock futures jumped on Monday on optimism that the United States and China are set to begin negotiations on trade, easing fears about a trade war between the world’s two largest economies. FILE PHOTO: The London Stock Exchange Group offices are seen in…
[ad_1] ULSAN, South Korea (Reuters) – Hyundai Motor’s (005380.KS) union chief warned its workers may face a similar crisis to the one hitting General Motors’ (GM.N) South Korean unit as sales in key markets slide, adding that electric cars were ‘evil’ and will destroy jobs. Ha Bu-young, Hyundai Motor’s South Korean union chief speaks during…
[ad_1] DUBAI (Reuters) – Dana Gas has lost an attempt to overturn English court rulings that backed creditors’ demands for the repayment of $700 million of Islamic bonds, the UAE company said on Monday. A view shows UAE’s Dana Gas building in Cairo November 2, 2012. REUTERS/Mohamed Abd El Ghany The English Court of Appeal…
[ad_1] Prospects are looking brighter in the Canadian oilpatch as commodity price increases drive higher profits and afford companies room to offer dividend hikes and share buybacks — but slumping stock prices show that the oil and gas sector remains in the penalty box with investors. It’s getting so bad that not even Canadian institutional…
[ad_1] Nancy MacArthur is trying to figure out how someone infiltrated her online PC Optimum rewards account and stole 390,000 points — worth $390. According to her account records, the thief spent the points on March 4 at a Shoppers Drug Mart in Chestermere, Alta. MacArthur lives in Charlottetown. “I felt totally victimized,” she said “You take it…
[ad_1] A trade war between the United States and China could potentially provide benefits to a handful of industries in Canada but the overall impact would be negative for the Canadian economy, some experts warn. “Any Canadian businesses that are selling products that could be substituted for Chinese products that have the tariffs being applied could benefit…
[ad_1] BEIJING (Reuters) – China is willing to hold talks with the United States to resolve their differences over trade, China’s foreign ministry said on Monday, as alarm grows over a possible trade war between the world’s two largest economies. FILE PHOTO: Hua Chunying, spokeswoman of China’s Foreign Ministry, speaks at a regular news conference…
[ad_1] SYDNEY (Reuters) – U.S. stock futures led global shares higher on Monday after reports that the United States and China have quietly started negotiations to improve U.S. access to Chinese markets eased fears of a trade war between the two economic giants. People walk past an electronic board showing Japan’s Nikkei average outside a…
[ad_1] LOS ANGELES (Reuters) – Shoppers are making more quick trips to Whole Foods stores that have installed Amazon.com (AMZN.O) lockers, giving the natural and organic retailer a new way to boost sales, research from location data advertising firm inMarket showed on Monday. FILE PHOTO: A Whole Foods Market store is seen in Santa Monica,…
[ad_1] PARIS (Reuters) – LVMH’s (LVMH.PA) Louis Vuitton brand, the biggest revenue driver at the French luxury goods group, said on Monday it had hired Virgil Abloh, the founder of streetwear label Off-White, to design its menswear collections. FILE PHOTO: A Louis Vuitton logo, part of LVMH luxury group, is pictured on a building in…
[ad_1] BEIJING (Reuters) – The United States asked China in a letter last week to cut the tariff on U.S. autos, buy more U.S.-made semiconductors and give U.S. firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday, citing unnamed sources. FILE PHOTO – A man rides a vehicle past…
[ad_1] SYDNEY (Reuters) – Asian shares were hammered again on Monday as fears of a trade war between the United States and China took their toll, but the safe haven yen came off its highs and U.S. stock futures climbed as investors saw some light at the end of the tunnel. People walk past an…
[ad_1] CHICAGO (Reuters) – Ten years on from the financial crisis, many U.S. state and local public pension systems are still the worse for wear. FILE PHOTO: An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike Blake Investment returns have been…
[ad_1] (This March 25 story has been corrected to remove reference to level of trust being lost over time) FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. REUTERS/Stephen Lam By David Ingram and Eric Auchard SAN FRANCISCO/LONDON…
[ad_1] SINGAPORE/SAN FRANCISCO (Reuters) – Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the U.S. company’s second retreat from an Asian market. A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su The…
[ad_1] WELLINGTON (Reuters) – Internet entrepreneur Kim Dotcom won one battle with New Zealand authorities on Monday when a Wellington court ruled the attorney general broke the law by refusing his request to be given all information about him held by public agencies. FILE PHOTO – German tech entrepreneur Kim Dotcom sits in a chair…
[ad_1] SINGAPORE/SAN FRANCISCO (Reuters) – Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company’s second retreat from an Asian market. A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018.…
[ad_1] WASHINGTON (Reuters) – Despite threats of retaliation from China over U.S. plans to impose tariffs on up to $60 billion in Chinese goods, Treasury Secretary Steve Mnuchin on Sunday said President Donald Trump had no intention of backing down and was not worried about a trade war. U.S. Treasury Secretary Steve Mnuchin attends a…
[ad_1] SEOUL (Reuters) – South Korea’s central bank said on Monday it would grant 40 billion won ($37 million) of aid to mid-to-small sized companies that are hit by the shutdown of a General Motor’s [GM.N] plant. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13,…
[ad_1] SYDNEY (Reuters) – Fears of a full-blown trade war between the United States and China battered Asian shares again on Monday, keeping the safe haven yen near a 16-month peak as investors fretted over the fate of global growth. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a…
[ad_1] TOKYO (Reuters) – Japan’s Toshiba Corp (6502.T) said on Monday it had yet to receive clearance from all regulators for the sale of its prized $18 billion memory-chip business by its self-imposed end-March deadline, but added it aimed to sell it as early as possible. The logo of Toshiba Corp is seen behind cherry…
[ad_1] NORTH CHARLESTON S.C. (Reuters) – Boeing Co (BA.N) delivered its first 787-10 Dreamliner to Singapore Airlines (SIAL.SI) on Sunday, rounding out a family of lightweight jets on which the U.S. planemaker is betting its future. A Boeing 787-10 aircraft being built for Singapore Airlines sits in the Final Assembly Area before a delivery ceremony…
[ad_1] MEXICO CITY (Reuters) – Mexican grocer Chedraui, a powerhouse in the fast-growing Latino market in the United States, said on Sunday it had bought smaller U.S. grocery store chain Fiesta Marts for an undisclosed amount. The logo of the Mexican retailer Grupo Comercial Chedraui is pictured in Mexico City, Mexico March 25, 2018. REUTERS/Carlos…
[ad_1] (Reuters) – The European Union holds “grave suspicions” about the dominance of internet giant Google and has not ruled out breaking it up, according to a warning by the EU’s antitrust chief, Britain’s Telegraph reported on Sunday. FILE PHOTO: The Google logo is seen at the Young Entrepreneurs fair in Paris, France, February 7,…
[ad_1] (Reuters) – Shares of Time Warner Inc (TWX.N) look appealing based on their underlying value and on the strong chance that AT&T Inc (T.N) will win approval for its $85 billion acquisition of the company, according to the March 26 edition of Barron’s. Time Warner CEO Jeff Bewkes arrives ahead of arguments in the…
[ad_1] (Reuters) – Facebook Inc, responding to reports in some technology industry media that it has been logging users’ call and text history without their permission, said in a statement on Sunday that the function “has always been opt-in only.” A 3D-printed Facebook logo is seen in front of displayed stock graph in this illustration…
[ad_1] SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia. Uber’s logo is pictured at its office in Tokyo, Japan, November 27,…
[ad_1] BASEL, Switzerland (Reuters) – A boom in online luxury goods sales is finally convincing high-end watchmakers, long skeptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce. A Carrera “Tete De Vipere” Chronograph Tourbillon Chronometer watch of Swiss watch manufacturer TAG Heuer is seen…
[ad_1] SAN FRANCISCO (Reuters) – The quartet of technology stocks that has driven Wall Street indices to record highs in recent years may be breaking up, possibly undermining one of the best growth stories in a nine-year bull market. A specialist trader works at his post on the floor of the New York Stock Exchange,…
[ad_1] MEXICO CITY (Reuters) – Mexican retailer Grupo Comercial Chedraui (CHDRAUIB.MX) has reached a deal with ACON Investments to acquire Texas-based grocery store chain Fiesta Mart, the company said in a statement on Sunday. The logo of Mexican supermarket operator Chedraui stands outside one of its branches in Mexico City April 30, 2010. REUTERS/Claudia Daut…
[ad_1] SAN FRANCISCO/LONDON (Reuters) – Opinion polls published on Sunday in the United States and Germany indicated that a majority of the public were losing trust in Facebook over privacy, as the firm ran advertisements in British and U.S. newspapers apologizing to users. FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on stage during…
[ad_1] SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia. Uber’s logo is pictured at its office in Tokyo, Japan,…
[ad_1] Watch The National tonight at 9 p.m. ET to hear an interview with whistleblower Shahmir Sanni. A Canadian online advertising company widely credited for its outsized role in convincing British voters to leave the European Union was also used in an effort to sidestep Brexit campaign spending limits, according to a whistleblower — though whether the…
[ad_1] HOUSTON (Reuters) – Nearly a third of the 25 top U.S. shale oil producers have paid or pledged to pay dividends this year, according to Reuters review of financial filings, the largest number since the shale boom took off a decade ago. FILE PHOTO: FILE PHOTO: An oil pump is seen operating in the…
[ad_1] SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia. Uber’s logo is pictured at its office in Tokyo, Japan, November…
[ad_1] SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to the region’s bigger rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia. Uber’s logo is pictured at its office in Tokyo, Japan,…
[ad_1] SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies [UBER.UL] has agreed to sell its Southeast Asian business to the region’s bigger rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia. Uber’s logo is pictured at its office in Tokyo, Japan,…
[ad_1] MUMBAI (Reuters) – Blackstone Group (BX.N) is buying stakes in two major office properties in central Mumbai as part of a deal with Indiabulls Real Estate (INRL.NS), two sources with knowledge of the transaction said on Sunday. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it…
[ad_1] LONDON (Reuters) – German-owned discount supermarkets Aldi and Lidl are plowing ahead with a rapid expansion in Britain and are on course to grab more market share from the traditional big four players. FILE PHOTO: A shopper leaves an Aldi store in London, Britain February 15, 2018. REUTERS/Peter Summers/File Photo A top Aldi [ALDIEI.UL]…
[ad_1] LONDON (Reuters) – Facebook Chief Executive Mark Zuckerberg apologized to Britons on Sunday over a “breach of trust”, taking out full page advertisements in British newspapers after a political consultancy got its hands on data on 50 million users. FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook…
[ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Thieves steal millions of PC Optimum points If you have a PC Optimum account, you might want to check your rewards balance. People across Canada say…
[ad_1] After a slew of bankruptcies among iconic retailers in recent years, blame has been aimed at online sellers such as Amazon. But a peek at the numbers shows that isn’t the only reason — much less the main one. In Toys “R” Us’s case, the first steps toward its own downfall seem to have been…
[ad_1] BEIJING (Reuters) – China pledged on Sunday to press ahead with market opening and reforms while reiterating that it will treat domestic and foreign firms equally and protect intellectual property rights. FILE PHOTO: Chinese Vice Premier Han Zheng attends the news conference following the closing session of the National People’s Congress (NPC), at the…
[ad_1] SEOUL (Reuters) – A worker at a South Korean plant of General Motors (GM.N) was found dead in a suspected suicide after filing for a voluntary redundancy program of the U.S. carmaker’s ailing unit, union officials and police said on Sunday. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in…
[ad_1] LAS VEGAS (Reuters) – The head of Alphabet Inc’s autonomous driving unit, Waymo, said on Saturday that the company’s technology would have safely handled the situation confronting an Uber self-driving vehicle last week when it struck a pedestrian, killing her. FILE PHOTO: John Krafcik, CEO of Waymo, speaks during the North American International Auto…
[ad_1] PARIS (Reuters) – French outdoor advertising company JCDecaux (JCDX.PA) could consider bidding to take over U.S. competitors Clear Channel (CCO.N) or Outfront Media (OUT.N) but nothing is planned in the short term, its chief executive said on Saturday. Jean-Charles Decaux attends the Reuters Global Media Summit in Paris December 2, 2010. REUTERS/Mal Langsdon A…
[ad_1] BEIJING (Reuters) – The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part…
[ad_1] The old adage tells us no one wins a trade war. So, the next logical question is: Who loses? Well, the short answer is — you do. Consumers have been the clear beneficiaries of globalization. Cheap stuff has flooded into North America at a historically unprecedented rate. And so, consumers would also be the…
[ad_1] Now that Facebook, Google and Amazon know pretty much everything about us, how they’re using that information is drawing the focus of politicians throughout the Western world, asking in effect: “Shouldn’t something be done about this?” Revelations that U.K.-based Cambridge Analytica apparently used data from more than 50 million Facebook accounts to try to…
[ad_1] BEIJING (Reuters) – The United States has violated international trade rules with an inquiry into intellectual property and China is ready to defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin, state media said on Saturday. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port, part of the…
[ad_1] (Reuters) – Verified Facebook pages of Elon Musk’s rocket company SpaceX and electric carmaker Tesla Inc (TSLA.O) disappeared on Friday, minutes after the Silicon Valley billionaire promised on Twitter to take down the pages when challenged by users. FILE PHOTO: SpaceX founder Elon Musk speaks at a press conference following the first launch of…
[ad_1] LONDON (Reuters) – GlaxoSmithKline (GSK.L) has quit the race to buy Pfizer’s (PFE.N) consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion. It was not immediately clear whether there were other offers for the business, which includes Advil painkillers and Centrum vitamins, following this week’s…
[ad_1] NEW YORK (Reuters) – Volatility in U.S. equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds. FILE PHOTO: Traders work on the trading floor at the New York Stock…
[ad_1] MONTREAL, OTTAWA (Reuters) – Canada on Friday welcomed as a “positive development” in its long ties with Boeing (BA.N) a decision by the U.S. planemaker to end a trade dispute over sales of Bombardier (BBDb.TO) CSeries jets in the United States. FILE PHOTO: A Bombardier logo is seen at the Bombardier plant in Belfast,…
[ad_1] The United States has just applied additional pressure in its rush to get a new NAFTA agreement within several weeks, establishing a May 1 deadline, after which Canada and Mexico would face tariffs on steel and aluminum. Originally, Canada and Mexico received an indefinite exemption from the tariffs with no expiry date, then numerous…
[ad_1] PARIS/NEW YORK (Reuters) – Boeing Co (BA.N) is close to winning a keenly fought contest to supply 787 Dreamliner jets to American Airlines (AAL.O), beating European competition from the Airbus (AIR.PA) A330neo, three people familiar with the matter said. The Boeing Company logo is projected on a wall at the “What’s Next?” conference in…
[ad_1] Dropbox made its public debut today, with the stock soaring nearly 40% on its first day of trading — meaning the company will now be beholden to the same shareholders that sent the company’s valuation well north of $10 billion. As a file-sharing and collaboration service, Dropbox’s first principle is going to be user…
[ad_1] A passenger who was bumped off a full flight has scored the maximum prize — a $10,000 US travel voucher. A spokesperson for United Airlines confirmed Friday that a passenger got the big voucher, but he didn’t name the person. In a series of tweets, Allison Preiss of Washington, D.C., said that she was rewarded…
[ad_1] Dropbox went public this morning to great fanfare, with the stock shooting up more than 40% in the initial moments of trading as the enterprise-slash-consumer company looked to convince investors that it could be a viable publicly-traded company. And for one that Steve Jobs famously called a feature, and not a company, it certainly…
[ad_1] NEW YORK (Reuters) – Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential U.S. trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses. FILE PHOTO: Traders work on the floor…
[ad_1] (Reuters) – Spotify Technology SA (SPOT.N) said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company. In an amended version of the share prospectus filed last month, the Swedish company said it continues to be impacted…
[ad_1] (Reuters) – Dropbox Inc’s shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished. The stock opened at $29 on the Nasdaq and soared…
[ad_1] Dropbox was off to the races on its first day as a public company. After pricing above the range at $21 per share, raising $756 million, Dropbox kicked off its first day soaring to $31.60, and closing the day at $28.48. This is up almost 36%. It’s surely a sign of public investor enthusiasm…
[ad_1] Two years after it took aim at hundreds of Royal Bank clients exposed in the Panama Papers leak, the Canada Revenue Agency has decided just five cases require an audit. That’s because most of the offshore accounts it unearthed ended up belonging to foreigners, the CRA says. The revenue agency went to court in…
[ad_1] SAN DIEGO (Reuters) – Qualcomm Inc (QCOM.O) re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd (AVGO.O). FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California,…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank’s lackluster performance in 2017. Lloyd Blankfein, CEO of Goldman Sachs, pauses while speaking about his potential retirement at the Boston College Chief Executives Club luncheon in Boston, MA, U.S., March 22, 2018.…
[ad_1] Rebecca Buckman Contributor Rebecca Buckman is the vice president of marketing and communications at Battery Ventures in Menlo Park, CA. She previously was an editor and writer with The Wall Street Journal and Forbes. If there’s one thing I learned from my time as both a journalist at The Wall Street Journal and Forbes and, now, advising a…
[ad_1] A years long trade dispute with the U.S. over Canadian paper products used for magazines and newspaper supplements is coming to an end in Canada’s favour. Canadian producers of supercalendered paper could get millions of dollars in refunds after a U.S. company decided to drop its complaint alleging unfair subsidies north of the border. This is the…
[ad_1] WASHINGTON (Reuters) – U.S. lawmakers on Friday formally asked Facebook Inc’s (FB.O) Mark Zuckerberg to explain at a congressional hearing how 50 million users’ data got into the hands of political consultancy Cambridge Analytica. FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San…
[ad_1] (Reuters) – Wall Street on Friday struggled to shake off fears of a global trade war after the United States moved to slap tariffs on China and as technology stocks took another hit with Micron’s results weighing on chipmakers, though oil prices gave some succor. FILE PHOTO: Traders work on the floor of the…
[ad_1] NEW YORK (LPC) – Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional approach to raising the loan and succeeding despite news that one of the company’s self-driving cars had killed a pedestrian. FILE PHOTO: An Uber sign is seen in a car in New York, NY,…
[ad_1] Dropbox, after more than a decade, finally went public this morning — and the stock soared more than 40% in its initial trading, making it a marquee success for one of the original Web 2.0 companies (at least for now). While we still have to wait for the dust to settle, it’s been a…
[ad_1] Tesla chief executive officer Elon Musk has deleted the official Facebook pages of his companies, joining a growing movement to boycott the social media giant. A push has gained momentum this week for users to leave the social media service, after the fiasco surrounding Cambridge Analytica and the company’s use of personal data came to light.…
[ad_1] If U.S. officials wanted to provoke a sharp response from China, they got one. Comments on the internet here burst out Friday with insults and invective, calling U.S. President Donald Trump a “shortsighted bully.” They threatened war, and not just the kind over trade, echoing the kind of language being used on the other…
[ad_1] (Reuters) – Nike and energy companies led modest gains in U.S. stocks on Friday, amid lingering fears of a trade war, although a Micron-led slump in semiconductor companies kept gains in check. FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March 22, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – Dropbox Inc’s shares soared around 40 percent in their market debut on Friday as investors rushed to buy into the biggest tech IPO in more than a year. FILE PHOTO: The DropBox logo is seen in this illustration photo July 28, 2017. REUTERS/Thomas White/Illustration The stock opened at $29 on the Nasdaq…
[ad_1] MONTREAL (Reuters) – Boeing Co’s (BA.N) decision to end its trade case over the sale of Bombardier (BBDb.TO) CSeries jets to U.S. carriers is good news for the aerospace industry and the public, the Canadian plane and train maker said on Friday. FILE PHOTO: A Bombardier logo is seen at the Bombardier plant in…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) said on Friday Chief Executive Lloyd Blankfein’s total compensation was about $22 million in 2017, compared with 20.2 million a year earlier. Lloyd Blankfein, CEO of Goldman Sachs, pauses while speaking about his potential retirement at the Boston College Chief Executives Club luncheon in Boston, MA, U.S.,…
[ad_1] WASHINGTON (Reuters) – The leaders of the U.S. House Energy and Commerce Committee on Friday wrote Facebook Inc (FB.O) chief executive Mark Zuckerberg detailing new concerns about the social media company’s use of data and formally requesting that he testify at a future hearing. FILE PHOTO: Facebook Founder and CEO Mark Zuckerberg speaks on…
[ad_1] (Reuters) – Shares in Nike surged 4 percent on Friday as at least eight Wall Street analysts raised their targets on the sneaker maker, judging better than expected forecasts signaled the beginning of the end of a year-long rough patch in North America. The logo of Dow Jones Industrial Average stock market index listed…
[ad_1] Fears of a trade war are roiling financial markets Friday, with stocks under pressure around the world and the dollar in retreat. A day after the Trump administration imposed tariff hikes on Chinese goods, Beijing has threatened import duties on U.S. goods including pork, apples and steel pipes, accentuating fears of a global trade…
[ad_1] The cost of living went up at a 2.2 per cent annual pace in February, its highest level since 2014, mainly because of a sharp increase in the price of energy. Statistics Canada reported Friday that the inflation rate rose to a 2.2. per cent annual rate in February, from 1.7 the month before.…
[ad_1] (Reuters) – Department store operator Target Corp (TGT.N) and grocery chain Kroger Co (KR.N) are in talks about a possible merger, tech focused magazine Fast Company reported on Friday, citing people with knowledge of the matter. FILE PHOTO: Shopping carts are seen at a Target store in Azusa, California U.S. November 16, 2017. REUTERS/Lucy…
[ad_1] Aircraft giant Boeing will not appeal a ruling by the U.S. International Trade Commission that allows its Canadian rival Bombardier to sell its newest commercial jets without heavy duties. Boeing launched a trade case with the independent International Trade Commission last April, arguing that governments in Canada and Britain subsidized development of Bombardier’s C…
[ad_1] (Reuters) – Having topped expectations with the upsized price of its initial public offering, Dropbox Inc (DBX.O) on Friday faces its next big challenge: a successful launch of trading when global stock markets are the defensive and tech shares are particularly soft. FILE PHOTO: The DropBox logo is seen in this illustration photo July…
[ad_1] LONDON (Reuters) – The threat of a global trade war sent stock markets sliding and investors rushing for the safety of currencies like the yen and government bonds on Friday, after U.S. President Donald Trump announced tariffs on up to $60 billion of Chinese goods. The German share price index, DAX board, is seen…
[ad_1] The CRTC has once again refused to mandate the big telcos sell wholesale access to their wireless networks to fledgling rivals without towers of their own, a decision critics call a blow for competition and for Canadians fed up with big cellphone bills. At the request of Economic Development Minister Navdeep Bains, the regulator spent months reviewing its…
[ad_1] BEIJING/SHANGHAI (Reuters) – China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods moved the world’s two largest economies closer to a trade war. The escalating tensions between Beijing and Washington sent shivers through financial markets…
[ad_1] ZURICH (Reuters) – Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam earned slightly less in 2017 during his third year on the job, as shareholder scrutiny during the final stages of a major overhaul dampened executive pay. FILE PHOTO: Chief Executive Tidjane Thiam of Swiss bank Credit Suisse awaits a news conference to present the…
[ad_1] ZURICH (Reuters) – Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam earned 9.7 million Swiss francs ($10.26 million) in 2017, a 5.3 reduction over his prior-year compensation, Switzerland’s second-biggest bank said on Friday. FILE PHOTO: Chief Executive Tidjane Thiam of Swiss bank Credit Suisse awaits a news conference to present the company’s full-year results, in…
[ad_1] TOKYO (Reuters) – Japan’s Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be missed and that it will seek alternatives such as an IPO. FILE PHOTO: A logo of Toshiba Corp is seen on a…
[ad_1] HONG KONG (Reuters) – China’s Tencent Holdings Ltd (0700.HK) saw its shares down 4.51 percent at the midday trading break on Friday after the internet firm’s largest shareholder, Naspers Ltd (NPNJn.J), said it would lower its stake for the first time in 17 years. A Tencent sign is seen during the fourth World Internet…
[ad_1] TOKYO (Reuters) – The rumblings of a global trade war sent shivers through stock and currency markets on Friday after U.S. President Donald Trump announced long-promised tariffs on Chinese goods and China retaliated with a pledge to fight to the end any such war. FILE PHOTO – People walk past an electronic stock quotation…
[ad_1] BEIJING/SHANGHAI (Reuters) – China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods brought the world’s two largest economies closer to a trade war. The escalating tensions between Beijing and Washington sent shivers through financial markets,…
[ad_1] MONTREAL (Reuters) – Boeing Co (BA.N) will not appeal against the U.S. trade commission ruling that allows Canada’s Bombardier Inc (BBDb.TO) to sell its newest jets to U.S. airlines without heavy duties, a Boeing spokesman said on Thursday. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, April 24, 2013. REUTERS/Jim…
[ad_1] BEIJING/SHANGHAI (Reuters) – China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods brought the world’s two largest economies closer to a trade war. Trump is planning to impose the tariffs over what his administration says…
[ad_1] (Reuters) – Boeing Co (BA.N) will not appeal against the U.S. trade commission ruling that allows Canada’s Bombardier Inc (BBDb.TO) to sell its newest jets to U.S. airlines without heavy duties, a Boeing spokesman said on Thursday. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, April 24, 2013. REUTERS/Jim Young/File…
[ad_1] TOKYO (Reuters) – Stock markets slid and perceived havens such as government bonds and the yen gained on Friday as investors rushed to safety after U.S. President Donald Trump announced long-promised tariffs on Chinese goods, stoking fears of a global trade war. FILE PHOTO – People walk past an electronic stock quotation board outside…
[ad_1] (Reuters) – Steve Wynn, the former chief executive of Wynn Resorts Ltd (WYNN.O), has agreed to sell all his remaining 8 million shares in the firm in a dramatic exit of the casino and hotel company he founded over 16 years ago. Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the Milken…
[ad_1] (Reuters) – Wynn Resorts Ltd (WYNN.O) said on Thursday that former Chief Executive Steve Wynn no longer holds a stake in the company after he agreed to sell all his remaining 8 million shares in privately negotiated transactions. Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the Milken Institute Global Conference in…
[ad_1] TOKYO (Reuters) – Stock markets slid and perceived havens such as government bonds and the yen gained on Friday as investors rushed to safety after U.S. President Donald Trump announced long-promised tariffs on Chinese goods, stoking fears of a global trade war. FILE PHOTO – People walk past an electronic stock quotation board outside…
[ad_1] BOSTON/NEW YORK (Reuters) – Saudi Arabia’s crown prince will rub shoulders in New York next week with top figures from Wall Street and Corporate America, part of a whistle-stop first visit to the United States since becoming King Salman’s heir apparent last year. FILE PHOTO – Saudi Crown Prince Mohammed bin Salman speaks during…
[ad_1] (Reuters) – Nike Inc (NKE.N) on Thursday signaled an end to revenue declines in North America as the world’s largest footwear maker reaps the benefits of its efforts to sell directly to customers and focus on new launches. FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April…
[ad_1] (Reuters) – Dropbox Inc’s (DBX.O) initial public offering, the largest tech stock debut in more than a year, was priced at $21 per share, the company announced on Thursday, higher than expected. The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration At $21, the San…
[ad_1] WASHINGTON/LONDON (Reuters) – Facebook Inc came under further pressure from lawmakers, investors, advertisers and users on Thursday, the day after Chief Executive Mark Zuckerberg admitted the social media network made mistakes in letting 50 million users’ data get into the hands of political consultancy Cambridge Analytica. U.S. lawmakers demanded Zuckerberg personally testify in Washington…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump lit a slow-burning fuse on Thursday to launch long-promised anti-China tariffs, but his actions appeared to be more of a warning shot than the start of a full-blown trade war with Beijing. A presidential memorandum signed by Trump will target up to $60 billion in Chinese goods…
[ad_1] WASHINGTON (Reuters) – President Donald Trump’s administration urged a federal judge on Thursday to block AT&T Inc’s proposed $85 billion merger with Time Warner Inc, saying the deal would hand the company a “weapon” to harm competition and raise consumer prices. Time Warner CEO Jeff Bewkes arrives ahead of arguments in the trial to…
[ad_1] (Reuters) – Dropbox Inc’s (DBX.O) initial public offering, the largest tech stock debut in more than a year, was priced at $21 per share, sources familiar with the matter told Reuters on Thursday, above the raised price range. The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017.…
[ad_1] Charles P. Lazarus, the World War II veteran who founded Toys “R” Us six decades ago and transformed it into an iconic piece of Americana, died Thursday at age 94, a week after the chain announced it was going out of business in the U.S. Toys “R” Us confirmed Lazarus’ death in a statement. “There have…
[ad_1] The Bank of Canada’s senior deputy governor is calling for authorities to work toward a coherent set of globally aligned policies governing cryptocurrencies. Carolyn Wilkins told a University of Toronto conference on Thursday that such a strategy will need to cover risks in both cash and derivatives products, as well as the related ecosystems.…
[ad_1] Dropbox is pricing above the range it originally set ahead of its public listing tomorrow, handing the company a valuation inching ever-closer to its original $10 billion valuation, according to a report by CNBC. Dropbox earlier this week said it would price its initial public offering in a range between $18 and $20 per…
[ad_1] (Reuters) – Nike Inc’s (NKE.N) quarterly revenue and profit beat analysts’ estimates on Thursday, helped by robust demand in its international markets and initiatives such as selling directly to customers. FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo Shares of the…
[ad_1] NEW YORK (Reuters) – U.S. stocks slumped on Thursday as President Donald Trump’s move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street’s three major indexes since they entered correction territory six weeks ago. Trump…
[ad_1] Kidde is recalling almost half a million smoke detectors because a yellow cap left on during the manufacturing process can cover one of the two smoke sensors, making them unable to properly detect fires. The company says it is recalling two types of dual-sensor model numbers with model numbers PI2010 and PI9010. The word “KIDDE” is printed…
[ad_1] (Reuters) – Investor William Ackman has stepped out of his Nike (NKE.N) sneakers, at least in a financial sense. William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid The billionaire investor’s hedge fund Pershing Square…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war. Under the terms of the memorandum, Trump will target the Chinese imports…
[ad_1] (Reuters) – U.S. stocks dropped on Thursday but managed to recover from earlier lows in the wake of an action by President Donald Trump to impose tariffs on up to $60 billion of Chinese imports. Trump, according to a presidential memorandum he signed, will target the imports only after a consultation period. China will…
[ad_1] NEW YORK (Reuters) – Chipotle Mexican Grill Inc on Thursday won the dismissal of an investor lawsuit claiming it concealed food safety risks, causing its stock to drop after widely publicized outbreaks of foodborne illnesses in 2014 and 2015. The logo of Chipotle Mexican Grill is seen at a restaurant in Paris, March 7,…
[ad_1] (Reuters) – U.S. stocks slid on Thursday, but were off session lows, after President Donald Trump said he planned to impose tariffs on up to $60 billion of Chinese imports, but his action was far removed from threats that could have ignited a global trade war. Trump, according to a presidential memorandum he signed,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trade war. U.S. President Donald Trump holds his signed memorandum on intellectual property tariffs…
[ad_1] More than seven years after IBM Watson beat a couple of human Jeopardy champions, the company has continued to make hay with the brand. Watson, at its core, is simply an artificial intelligence engine and while that’s not trivial by any means, neither is it the personified intelligence that their TV commercials would have…
[ad_1] WASHINGTON/LONDON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg’s apology for how his company handled 50 million users’ data did little on Thursday to ease investor worries about the cost to fix mistakes and lawmakers’ dismay that his response did not go far enough. Germany’s second-largest bank Commerzbank AG has suspended advertising on Facebook…
[ad_1] BOSTON (Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday sovereign country balance sheets look risky to him as deficits become a larger percentage of their gross domestic product. FILE PHOTO: Goldman Sachs Chairman and CEO Lloyd Blankfein speaks at the Bloomberg Global Business Forum in New York, U.S., September…
[ad_1] The European Union, Australia, Argentina, Brazil and South Korea are among the nations that will get an initial exemption from looming steel and aluminum tariffs from the Trump administration, U.S. Trade Representative Robert Lighthizer said Thursday. President Donald Trump is planning to impose tariffs of 25 per cent on imported steel and 10 per…
[ad_1] (Reuters) – Citigroup Inc added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said citi.us/2FVnjJj on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump was expected to lay the foundation for tariffs on Chinese imports worth around $50 billion on Thursday, in a move likely to trigger retaliation from Beijing and stoke fears of a global trade war. U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on…
[ad_1] Here is an interesting twist: GitLab, which in many ways competes with GitHub as a shared code repository service for teams, is bringing its continuous integration and delivery (CI/CD) features to GitHub. The new service is launching today as part of GitLab’s hosted service. It will remain free to developers until March 22, 2019.…
[ad_1] (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg’s apology for mishandling user data and some limited proposals for change at the social network drew mixed responses on Thursday, while Wall Street analysts worried about costs and a loss of trust. A 3D-printed Facebook logo is seen in front of displayed stock graph in this…
[ad_1] The threat of a global trade war pushed the U.S. dollar to its lowest in over a month on Thursday and dragged benchmark equity indexes in the U.S. and Europe into the red, a day after the Federal Reserve raised interest rates as expected. It was the dollar’s third decline in four sessions and…
[ad_1] Quebec-based manufacturer Dorel Industries Inc. has incurred a $4.9-million bad debt expense because of Toys “R” Us winding down its U.S. business and liquidating its inventory. Dorel is also reporting a reduction of about $4 million in net income for both its fourth quarter and year-end financial reprot.. Dorel says it raked in $17.3…
[ad_1] Alberta became the first province in Canada to adopt a sales tax in 1936 and the first province to repeal a sales tax in 1937. It was called the “Ultimate Purchasers Tax” and Albertans hated it. We’ve been without a sales tax ever since, while every other province has adopted one of their own. Our unique…
[ad_1] NEW DELHI (Reuters) – India’s Mahindra & Mahindra (MAHM.NS) and U.S. carmaker Ford Motor Co (F.N) have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, the companies said in a joint statement on Thursday. The Ford logo is pictured on the company’s stand during the 88th…
[ad_1] LONDON (Reuters) – Four high-profile British lawmakers have called for Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) to be blocked from buying Sky (SKYB.L), saying the mogul will be able to influence its news output despite promises to the contrary. The 21st Century Fox logo is displayed on the side of a building in midtown…
[ad_1] (Reuters) – Shares of Facebook Inc fell 3 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg did little to quell Wall Street nerves about how much a row over user data privacy will cost the company. A 3D-printed Facebook logo is seen in front of displayed stock graph…
[ad_1] (Reuters) – U.S. stock futures were sharply lower on Thursday, with technology stocks dropping on fears of increased regulations in the wake of Facebook Inc’s (FB.O) data privacy issues, while the Trump administration’s move to impose import tariffs on China stoked fears of a global trade war. Traders work on the floor of the…
[ad_1] LONDON (Reuters) – Unilever (ULVR.L) shareholder Columbia Threadneedle has raised concerns about the consumer goods group’s decision to overhaul its structure by picking Rotterdam for its main headquarters, citing the possible impact on the company’s listing on London’s stock exchange. Traffic and people pass by the front of the Unilever building in central London,…
[ad_1] (Reuters) – Steve Wynn, the former chief executive of Wynn Resorts Ltd (WYNN.O), has lowered his stake in the casino operator to about 7.8 percent from 11.78 percent, a regulatory filing showed on Thursday. An exterior view Wynn hotel-casino in Las Vegas, Nevada, U.S., February 7, 2018. REUTERS/Steve Marcus Steve Wynn sold 4.1 million…
[ad_1] Australian startup Ansarada, which provides tools for companies preparing for a major transaction, will expand in the United States, Europe, the Middle East and Africa after raising an $18 million Series A. The funding was led by Ellerston Capital, with participation from Tempus Partners, Belay Capital and Australian Ethical Investments. A noteworthy detail about…
[ad_1] NEW YORK (Reuters) – Investors’ expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and “non-threatening,” influential bond investor Bill Gross said on Thursday. FILE PHOTO – Bill Gross, Portfolio Manager, Janus Capital Group, listens during the Milken…
[ad_1] (Reuters) – Shares of Facebook Inc (FB.O) fell 1.5 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg failed to quell Wall Street nerves about the company’s handling of a row over user privacy. A 3D-printed Facebook logo is seen in front of displayed stock graph in this illustration…
[ad_1] China accused the United States of “repeatedly abusing” trade practices, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports. The U.S. tariffs on Chinese imports worth as much as $60 billion US are set to be unveiled later on Thursday, raising fears that the world’s two largest…
[ad_1] OSLO (Reuters) – The world’s largest sovereign wealth fund opposed Elon Musk’s potential $2.6 billion payout from electric carmaker Tesla (TSLA.O), the fund said on Thursday. FILE PHOTO: SpaceX founder Elon Musk pauses at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape…
[ad_1] LONDON (Reuters) – The threat of a global trade war and a steady message from the Federal Reserve on U.S. interest rates pushed the dollar to its lowest in over a month on Thursday and took Europe’s main share markets into the red. U.S. Dollar banknotes are seen in this photo illustration taken February…
[ad_1] NEW YORK/LONDON (Reuters) – British consumer goods group Reckitt Benckiser Group (RB.L) has pulled out of discussions with Pfizer Inc (PFE.N) over buying its consumer healthcare business, strengthening the hand of British drugmaker GlaxoSmithKline Plc (GSK.L). The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew…
[ad_1] FRANKFURT (Reuters) – Malta’s regulators have imposed a freeze on the business of Pilatus Bank after its chairman’s arrest on charges of breaking U.S. sanctions prompted a fresh wave of criticism of the island’s authorities. A washing machine and a mock plaque commemorating the opening of Pilatus Bank by Maltese Prime Minister Joseph Muscat…
[ad_1] BEIJING (Reuters) – China’s crude oil futures, to be launched on Monday, will be a major step in Beijing’s years-long push to win greater sway over oil pricing, but for western traders it will likely bring frustration as well as opportunity. Workers are seen on an offshore oil platform surrounded by icy waters in…
[ad_1] Lenore Biever lost more than one million PC Optimum rewards points after someone apparently hacked her account and went on a shopping spree. The points — which are worth more than $1,000 in product rewards — were spent on March 7 at two Loblaws-owned Pharmaprix drug stores in Laval, Que. Biever lives in Saskatoon and has never been…
[ad_1] Interest rates are on the way up. If there were any remaining doubts, U.S. Federal Reserve chair Jerome Powell crushed them like a bug yesterday. In his first meeting with reporters since replacing Janet Yellen as the world’s most powerful central banker, Powell announced a quarter point rate increase and made it clear he thinks the U.S. economy is…
[ad_1] TOKYO (Reuters) – The U.S. dollar slipped on Thursday after the Federal Reserve held back from increasing the pace of this year’s rate hikes, while worries over an impending announcement on trade tariffs from U.S. President Donald Trump capped Asian shares. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018.…
[ad_1] LAS VEGAS/HONG KONG (Reuters) – Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China’s Huawei Technologies Co Ltd, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States. FILE PHOTO: A Best Buy store is seen in Los Angeles, California,…
[ad_1] LAS VEGAS/HONG KONG (Reuters) – Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China’s Huawei Technologies Co Ltd [HWT.UL], a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States. FILE PHOTO: A Best Buy store is seen in Los Angeles,…
[ad_1] SAN FRANCISCO (Reuters) – Big internet companies and small software developers alike are likely to face scrutiny over how they share customer information in the wake of the scandal involving Facebook Inc (FB.O) and the British election consulting firm Cambridge Analytica. A figurine is seen in front of the Facebook logo in this illustration…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg apologized on Wednesday for mistakes his company made in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers’ access to such information. The world’s largest social media network is facing growing government scrutiny in Europe…
[ad_1] (Reuters) – Best Buy Co Inc, the largest U.S. consumer electronics retailer, will stop buying smartphones from Chinese telecom equipment maker Huawei, a source familiar with the matter told Reuters on Wednesday. FILE PHOTO: A Best Buy store is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo The company will…
[ad_1] TOKYO (Reuters) – The U.S. dollar slipped on Thursday after the Federal Reserve did not signal a faster pace of rate hikes this year while worries about a coming announcement on tariffs from U.S. President Donald Trump dented Asian shares. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose…
[ad_1] SEOUL (Reuters) – South Korea’s vice finance minister said on Thursday there is tension between General Motors’ (GM.N) South Korean unit and the Korea Development Bank because the U.S. automaker isn’t sharing internal information about the company needed for the bank to carry out due diligence. The logo of GM Korea is seen at…
[ad_1] TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after posting its largest loss in two months when the Federal Reserve turned out to be less hawkish than anticipated. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration Worries about a potential trade war…
[ad_1] SEOUL (Reuters) – South Korea’s vice finance minister said on Thursday there is tension between GM Korea and the Korea Development Bank because the U.S. automaker isn’t sharing internal information about the company necessary for the bank to carry out due diligence. The logo of GM Korea is seen at its Bupyeong plant in…
[ad_1] WASHINGTON (Reuters) – President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology that is likely to trigger retaliation from Beijing and stoke fears of a global trade war. U.S. President Donald Trump waves to the crowd before…
[ad_1] (Reuters) – U.S. media company Meredith Corp (MDP.N) said on Wednesday it cut about 200 jobs and would lay off another 1,000 as it streamlines its operations following the completion of its Time Inc acquisition. FILE PHOTO – A supporter holds up a copy of Time Magazine with the cover headline “How Trump Won”…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg said on Wednesday that his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers’ access to such information. The world’s largest social media network is facing growing government scrutiny in…
[ad_1] SAN FRANCISCO/BOSTON (Reuters) – Shareholders of electric car company Tesla Inc approved a compensation package potentially worth $2.6 billion for Chief Executive Officer Elon Musk on Wednesday, though by a lower margin than U.S. CEOs typically receive on pay votes. Elon Musk speaks at a press conference following the first launch of a SpaceX…
[ad_1] SAN FRANCISCO (Reuters) – Police in Arizona on Wednesday released a short video of a fatal collision between an Uber self-driving vehicle and a pedestrian. National Transportation Safety Board (NTSB) investigators examine a self-driving Uber vehicle involved in a fatal accident in Tempe, Arizona, U.S., March 20, 2018. A women was struck and killed…
[ad_1] Shareholders of electric car and solar panel maker Tesla Inc. have approved an ambitious pay package for iconic CEO Elon Musk that could net him more than $50 billion US if he meets lofty milestones over the next decade. A company filing Wednesday with the Securities and Exchange Commission showed shareholders supported the pay…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur more aggressive future tightening. Federal Reserve Chairman Jerome Powell speaks at a news conference following…
[ad_1] (Reuters) – British consumer goods maker Reckitt Benckiser Group (RB.L) said on Wednesday it has ended discussions with Pfizer Inc (PFE.N) over buying its consumer healthcare business. The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly Pfizer has been on the market for its…
[ad_1] (Reuters) – U.S. media company Meredith Corp (MDP.N), which completed the acquisition of Time Inc in January, said on Wednesday it has cut around 200 jobs and plans to lay off 1,000 more over the next 10 months. FILE PHOTO – Model Kate Upton poses with copies of the 2017 Sports Illustrated Swimsuit Issue…
[ad_1] Breaking more than four days of silence, Facebook CEO Mark Zuckerberg admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm. Zuckerberg said Wednesday that Facebook has a “responsibility” to protect its users’ data and if it fails, “we don’t deserve to serve you.”…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended slightly lower on Wednesday, with stocks giving up gains in choppy trade after the Federal Reserve raised benchmark U.S. interest rates, while a strong gain in the energy space helped limit losses. The Dow Jones Industrial Average .DJI fell 44.96 points, or 0.18 percent, to 24,682.31, the…
[ad_1] STRATFORD, Ontario (Reuters) – A Canadian town known for its annual theater festival is emerging as a hub of “snowtonomous” research, as automakers face demands to produce self-driving cars that can perform in snow and sleet. A self-driving car drives during a demonstration at the Renesas Electronics autonomous vehicle test track in Stratford, Ontario,…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Wednesday, building on earlier gains after the U.S. Federal Reserve raised interest rates as expected and a recovery on Facebook shares. The Federal Reserve raised interest rates and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending…
[ad_1] (Reuters) – Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration’s efforts to rapidly pump up investment in the region. FILE PHOTO: A general view of the Centenario deep-water oil platform in the Gulf of…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening. FILE PHOTO – Federal Reserve Chairman Jerome Powell delivers the semi-annual…
[ad_1] NEW YORK (Reuters) – UBS AG (UBSG.S) has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 global financial crisis. The logo of Swiss bank UBS is seen at a branch office in Basel,…
[ad_1] BRUSSELS (Reuters) – German conglomerate Bayer won EU antitrust approval on Wednesday for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed…
[ad_1] NEW YORK/LONDON (Reuters) – A U.S. resident has sued Facebook and a British-based political consultancy for obtaining data from millions of the social media site’s users without their permission, while an academic at the center of the storm accused both firms of scapegoating him. The complaint filed at the U.S. District Court in San…
[ad_1] Clari — a startup that has built a predictive sales tool that provides just-in-time assistance for sales people close deals and for those who work in the bigger chain of command to monitor the progress of the sales operation — is capitalising on the big boom in interest for all things AI in the business…
[ad_1] (Reuters) – The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million dollars in winning bids on Wednesday, a modest response to the Trump administration’s effort to pump up investment in the region. FILE PHOTO: A general view of the Centenario deep-water oil platform in the Gulf of…
[ad_1] WASHINGTON (Reuters) – President Donald Trump will likely announce tariffs on Chinese imports by Friday, a source in the administration said, as the top U.S. trade diplomat told lawmakers he had the tools to strike back over Chinese theft of U.S. tech know-how. FILE PHOTO – Piles of steel pipes to be exported are…
[ad_1] WASHINGTON (Reuters) – The United States is in talks with the European Union, Argentina and Australia on granting possible exemptions to steel and aluminum tariffs, Trade Representative Robert Lighthizer said on Wednesday. Scale flies off of a steel coil as it is unrolled on the line at the Novolipetsk Steel PAO steel mill in…
[ad_1] Facebook Inc. and the political consulting firm Cambridge Analytica have been sued in the United States for obtaining information belonging to 50 million of the social media company’s users without permission. The proposed class-action complaint filed late Tuesday night by Lauren Price, a Maryland resident, is the first of what could be many lawsuits…
[ad_1] Dropbox said it would be increasing its IPO price range – the range which it will sell its shares for its initial public offering — from $16-$18 per share to $18-$20 per share and giving the company a valuation that could reach close to $8 billion, according to an updated filing with the Securities…
[ad_1] After weeks of rumours, Just for Laughs has officially been sold. The iconic Montreal-based company announced Wednesday it has been acquired by comedian Howie Mandel and ICM Partners, a Los Angeles-based talent and literary agency. The Just For Laughs offices and festival will remain in Montreal, ICM said in a statement. “They gave their word…
[ad_1] Word of a breakthrough in the automotive component of NAFTA discussions have negotiators and stakeholders dealing with an unfamiliar feeling: optimism. Speaking at a Washington gathering of the American Association of Port Authorities, Canada’s ambassador to the U.S., David MacNaughton, told reporters that he’s feeling more positive than he’s been for some time because of progress on the…
[ad_1] (Reuters) – U.S. stocks opened little changed on Wednesday as traders moved cautiously ahead of an expected Federal Reserve interest rate hike, while a drop in Facebook Inc’s (FB.O) shares on privacy concerns again weighed on the technology sector. Traders work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] LONDON (Reuters) – The consultancy at the heart of a storm over Facebook (FB.O) data greatly exaggerated its role in Donald Trump’s 2016 U.S. presidential victory and would not have been able to sway an election result, the academic who provided the data said. Facebook has been rocked this week by a whistleblower who…
[ad_1] (Reuters) – China Southern Airlines Co Ltd (600029.SS) said on Wednesday it had placed an order for 30 Boeing Co (BA.N) 737 MAX narrowbodies for its Xiamen Airlines subsidiary in a deal the plane maker said was worth more than $3.6 billion at list prices. The first Boeing 737 MAX 7 is unveiled in…
[ad_1] (Reuters) – Cloud storage firm Dropbox Inc [DBX.O] on Wednesday raised the price range for its initial public offering by $2 as investors bid strongly for the first big tech IPO this year ahead of final pricing expected on Thursday. The DropBox logo is seen in this illustration photo July 28, 2017. REUTERS/Thomas White/Illustration…
[ad_1] Microsoft announced the spring update to its Power BI and Power Apps platform today with a significant enhancement, a new common data service that enables companies to build data-based applications from a variety of data sources. This is part of a wider strategy that is designed to remove some of the complexity associated with…
[ad_1] BRUSSELS (Reuters) – The European Commission proposed rules on Wednesday to make digital companies pay their fair share of tax, with U.S. tech giants such as Google (GOOGL.O), Facebook (FB.O) and Amazon (AMZN.O) set to foot a large chunk of the bill. FILE PHOTO – The Google logo is seen at the “Station F”…
[ad_1] LONDON (Reuters) – Goldman Sachs and the Wellcome Trust have jointly bid to buy the commercial property estate of Britain’s Network Rail, a spokeswoman for the Wellcome Trust said on Wednesday. A Goldman Sachs sign is displayed inside the company’s post on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] SAN FRANCISCO (Reuters) – Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming. FILE PHOTO – The logo of Chevron (CVX) is seen…
[ad_1] STOCKHOLM (Reuters) – Nordea, the Nordic region’s biggest bank, will not let its sustainable funds buy more Facebook shares for the time being, its head of sustainable finance said. The Nordea bank logo is seen at the bank’s headquarters in Stockholm, Sweden, May 7, 2017. REUTERS/Ints Kalnins Facebook has been rocked this week by…
[ad_1] Munich (Reuters) – German carmaker BMW (BMWG.DE) will increase research and development (R&D) spending to an all-time high of up to 7 billion euros ($8.6 billion) this year as part of efforts to bring 25 electrified models to market by 2025. FILE PHOTO – The BMW all electric i Vision Dynamics concept car is…
[ad_1] Billionaire Wall Street financier Peter Peterson, who co-founded private equity firm Blackstone Group LP and served as U.S. President Richard Nixon’s commerce secretary, died on Tuesday of natural causes, his family said. He was 91. “As a first-generation American born in Kearney, Nebraska, Pete exceeded all of his expectations in becoming a successful businessman,…
[ad_1] LONDON (Reuters) – A Cambridge University academic who harvested data on millions of Facebook users said he has been made a scapegoat by the social network and a UK-based political consultancy that is accused of trying to sway public opinion for Donald Trump. Facebook has been rocked this week by a whistleblower who said…
[ad_1] You might think self-storage is one of the most boring businesses on the planet — if you’ve ever bothered to give it a thought. But guess again. A number of Canadian companies are investing big bucks to offer new, creative services that are transforming the industry. E-commerce startups that offer pickup and delivery at the…
[ad_1] After several years and nearly $100 million of research, engineers say they have developed new technology to extract valuable metals from the waste produced by the oilsands in northern Alberta. Canadian Natural Resources and Titanium Corp. have a proposal to construct a $400-million facility at CNR’s Horizon oilsands site to produce titanium and zircon from the materials left over from bitumen production. Zircon…
[ad_1] SHANGHAI (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd (0175.HK), whose chairman recently took a $9 billion stake in Germany’s Daimler AG (DAIGn.DE), said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China…
[ad_1] LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O) wants more people to use its time-saving mobile ordering app that lets customers buy drinks without waiting in line. A customer picks-up his smart phone order from a new mobile order window, tested at a Starbucks coffee shop in downtown Los Angeles, California, U.S., March 15, 2018.…
[ad_1] (Reuters) – Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands. Jackets hang in the showroom of the Canada Goose factory in Toronto, Ontario, Canada, February 23, 2018.…
[ad_1] SYDNEY (Reuters) – A hush settled over financial markets on Wednesday as investors counted down to a likely hike in U.S. interest rates and guidance on how many more to expect this year, while trade war fears kept export nations’ currencies on edge. FILE PHOTO: A man looks at an electronic stock quotation board…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government spending that could further stoke a robust U.S. economy. FILE PHOTO: Federal Reserve Chairman Jerome Powell delivers the semi-annual…
[ad_1] MOSCOW/TORONTO (Reuters) – Moscow-based Kaspersky Lab plans to open a data center in Switzerland to address Western government concerns that Russia exploits its anti-virus software to spy on customers, according to internal documents seen by Reuters. FILE PHOTO: The logo of Russia’s Kaspersky Lab is displayed at the company’s office in Moscow, Russia October…
[ad_1] (Reuters) – U.S. public pension fund CalSTRS said on Wednesday it is opposed to Tesla Inc’s (TSLA.O) recommendation to support Chief Executive Elon Musk’s compensation arrangement at the electric car maker’s shareholder meeting. SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the…
[ad_1] WELLINGTON (Reuters) – A New Zealand court rejected on Wednesday internet entrepreneur Kim Dotcom’s application for former U.S. President Barack Obama to appear in court in relation to a damages claim over his defunct Megaupload streaming website. FILE PHOTO: German tech entrepreneur Kim Dotcom arrives for a court hearing in Auckland, New Zealand, September…
[ad_1] SYDNEY (Reuters) – Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers. FILE PHOTO: People walk on a street at Tokyo’s Ginza shopping district, Japan, February 12,…
[ad_1] SYDNEY (Reuters) – A hush settled over financial markets on Wednesday as investors waited to hear how often the Federal Reserve might hike U.S. rates this year, while the currencies of exporting nations were rattled by fears of a full-blown trade war. A man looks at an electronic stock quotation board outside a brokerage…
[ad_1] BRUSSELS (Reuters) – The European Commission will propose rules on Wednesday designed to make digital companies pay their fair share of tax and set to hit U.S. tech giants such as Google (GOOGL.O) and Facebook (FB.O). FILE PHOTO – The Google logo is seen at the “Station F” start up campus in Paris, France,…
[ad_1] BUENOS AIRES (Reuters) – The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance ministers and Central Bank presidents pose for the official photo…
[ad_1] (Reuters) – Orbitz, a subsidiary of online travel agency Expedia Inc (EXPE.O), said on Tuesday that hackers may have accessed personal information from about 880,000 payment cards. FILE PHOTO: A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File…
[ad_1] Travis Kalanick, the former Uber CEO who was shown the door in June last year amid a series of major controversies, has already found his next leading role following his announcement of a new investment fund just weeks ago. Kalanick said on Twitter that his fund would be investing $150 million to take a…
[ad_1] (Reuters) – U.S. stocks advanced modestly on Tuesday as higher oil prices lifted the energy sector, but another slump in Facebook Inc (FB.O) shares curbed gains. Oil prices rose more than 2 percent to touch a three-week high, driven by tensions in the Middle East and the possibility of further declines in Venezuelan crude…
[ad_1] TEMPE, Ariz./DETROIT (Reuters) – Arizona officials said on Tuesday they saw no immediate need to tighten rules on the testing of self-driving cars in the state in reaction to a fatal accident involving an Uber autonomous vehicle that has focused attention on the safety of the new technology. Meanwhile, Toyota Motor Corp (7203.T) said…
[ad_1] (Reuters) – Amazon.com (AMZN.O) became the second most valuable publicly listed U.S. company on Tuesday, surpassing Google parent Alphabet Inc (GOOGL.O) for the first time. FILE PHOTO – A view of the new Amazon logistic center with the company’s logo in Dortmund, Germany November 14, 2017. REUTERS/Thilo Schmuelgen Amazon shares finished up 2.69 percent…
[ad_1] (Reuters) – Billionaire Wall Street financier Peter Peterson, who co-founded private equity firm Blackstone (BX.N) and served as U.S. President Richard Nixon’s commerce secretary, died on Tuesday of natural causes, his family said. He was 91. FILE PHOTO – Peter Peterson speaks at the 2011 Fiscal Summit on Solutions for America’s future in Washington,…
[ad_1] LONDON/SAN FRANCISCO (Reuters) – The suspended chief executive of Cambridge Analytica said in a secretly recorded video broadcast on Tuesday that his UK-based political consultancy’s online campaign played a decisive role in U.S. President Donald Trump’s 2016 election victory. His comments, which could not be verified, are potentially a further problem for Facebook Inc…
[ad_1] (Reuters) – Salesforce.com Inc (CRM.N) said on Tuesday it would buy U.S. software maker MuleSoft Inc (MULE.N) for about $5.90 billion in a cash-and-stock deal, illustrating CEO Marc Benioff’s push to bolster the company’s cloud-based portfolio with new technology. FILE PHOTO – The Salesforce logo is pictured on a building in San Francisco, California,…
[ad_1] BUENOS AIRES (Reuters) – The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. A man uses his mobile phone at the G20 Meeting of…
[ad_1] WASHINGTON (Reuters) – In a preview of arguments in the upcoming trial over AT&T’s (T.N) deal to buy Time Warner Inc (TWX.N), government lawyers said on Tuesday it will raise prices for consumers while AT&T’s lawyer argued the company has no reason to withhold programming from competitors as feared. FILE PHOTO – An AT&T…
[ad_1] Salesforce today announced that it intends to buy MuleSoft in a deal valued at a whopping $6.5 billion. That’s not the selling price, but the amount the company has been valued at based on stocks, bonds and cash on hand. The exact price was not available yet, but the company did indicate it was…
[ad_1] (Reuters) – Salesforce.com Inc (CRM.N) said on Tuesday it would buy software maker MuleSoft Inc (MULE.N) for about $6.5 billion, including debt, just a year after the software company went public. FILE PHOTO – The Salesforce logo is pictured on a building in San Francisco, California, U.S. October 12, 2016. REUTERS/Lily Jamali MuleSoft shareholders…
[ad_1] (Reuters) – General Electric Co’s (GE.N) transportation unit said on Tuesday several North American railroads have placed orders this year for 225 refurbished locomotives, although it declined to say which railroads ordered the equipment. FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company General Electric is shown at…
[ad_1] BUENOS AIRES (Reuters) – The world’s financial leaders on Tuesday reaffirmed their commitment to fighting protectionism but called for “further dialogue and actions” on trade, just days before U.S. metals tariffs take effect and U.S. President Donald Trump readies sanctions on China. Finance ministers and Central Bank presidents pose for the official photo at…
[ad_1] The board of U.K.-based political consulting company Cambridge Analytica says it has suspended CEO Alexander Nix pending a full independent investigation of his actions amid a scandal over the handling of the personal data of millions of Facebook users. The board cited comments Nix made to an undercover reporter for Britain’s Channel 4 News…
[ad_1] Consumer trust in their grocery stores has fallen since allegations emerged that many of the chains were in cahoots to keep bread prices high, a new study out of Dalhousie University in Halifax has found. This month, researchers from Dalhousie University’s Faculty of Management surveyed 1,641 Canadians across the country for their views on major retail…
[ad_1] (Reuters) – Toys ‘R’ Us said at a bankruptcy court hearing on Tuesday that it was working hard to maximize payments to suppliers and lenders, as it starts to shutter 735 big-box toy stores across the United States. FILE PHOTO – People pass by Toys R Us store at Times Square in New York,…
[ad_1] Oracle announced its quarterly earnings last night, detailing that its cloud business grew 32 percent to $1.6 billion in the quarter. That might sound good at first blush, but it’s part of three straight quarters of reduced growth — a fact that had investors jittery over night. It didn’t get better throughout the day…
[ad_1] Toyota Motor Corp. said on Tuesday it will pause autonomous vehicle testing following an accident in which an Uber Technologies Inc self-driving vehicle struck and killed a woman in Tempe, Ariz. Toyota said in a statement “the incident may have an emotional effect on our test drivers. This ‘timeout’ is meant to give them…
[ad_1] Microsoft today announced the next version of Windows Server, which launches later this year under the not completely unexpected moniker of “Windows Server 2019.” Developers and operations teams that want to get access to the bits can now get the first preview build through Microsoft’s Insider Program. This next version comes with plenty of…
[ad_1] SAN FRANCISCO/LONDON (Reuters) – Facebook Inc said Tuesday it faced questions from the lead U.S. consumer regulator about how its users’ personal data was mined by a political consultancy hired by Donald Trump’s campaign. U.S. and European lawmakers have demanded an explanation of how the consultancy, Cambridge Analytica, gained access to the data in…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday as a jump in oil prices lifted energy stocks, though another drop in Facebook’s shares curbed the gains on the Nasdaq Composite and the S&P. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 19,…
[ad_1] BUENOS AIRES (Reuters) – The world’s financial leaders are likely to reaffirm on Tuesday their commitment to fighting protectionism and recognize the need for “further dialogue and actions” on trade, just days before U.S. steel and aluminum tariffs are to enter into force. Finance ministers and Central Bank presidents pose for the official photo…
[ad_1] WASHINGTON (Reuters) – A U.S. Senate panel on Tuesday will ask automakers and regulators why tens of millions of vehicles with faulty Takata air bag inflators remain on the road years after deaths prompted the largest auto safety recall in history. FILE PHOTO – A logo of Takata Corp is seen with its display…
[ad_1] (Reuters) – Alphabet Inc’s (GOOGL.O) Google is launching the Google News Initiative, to weed out fake news online and during breaking news situations, it said in a blog post on Tuesday. The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration Google said it plans…
[ad_1] U.S. court filings show that debtors for Toys “R” Us have received multiple non-binding offers for the Canadian division of the troubled retailer. The bankruptcy documents say debtors had reached out to more than 20 interested parties in a bid to sell off the 82 stores in Canada as the toy retailer looks to…
[ad_1] After previously investing in Mulesoft, it looks like Salesforce may finish off the deal and is in advanced talks to acquire the data management software provider altogether, according to a report from Reuters this morning. Mulesoft works with companies to bring together different sources of data like varying APIs. That’s important for companies that have…
[ad_1] WASHINGTON/LONDON (Reuters) – The U.S. Federal Trade Commission is investigating Facebook Inc over its use of personal data, Bloomberg News reported on Tuesday, after a whistleblower said a political consultancy hired by Donald Trump improperly accessed information on 50 million Facebook users to sway public opinion. Facebook shares dropped 4.7 percent, after falling almost…
[ad_1] Canada’s financial consumer watchdog says there are “insufficient” controls in place at the country’s biggest banks to prevent sales of financial products that are misrepresented or unsuitable for consumers, and the banks’ sales-focused culture elevates the risk that employees may flout consumer protection rules. The Financial Consumer Agency of Canada (FCAC) released the findings…
[ad_1] FRANKFURT/MUNICH (Reuters) – German public prosecutors on Tuesday said they searched BMW premises at the carmaker’s Munich headquarters and in Austria, investigating suspected defeat devices capable of manipulating exhaust emissions. A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16,…
[ad_1] Orbitz says a legacy travel booking platform may have been hacked, potentially exposing the personal information of people that made purchases between Jan. 1, 2016 and Dec. 22, 2017. The company said Tuesday about 880,000 payment cards were impacted. It’s not immediately clear if any Canadian customers were included, but CBC News has reached…
[ad_1] NEW DELHI (Reuters) – Pratt & Whitney will soon begin deliveries of spare engines to India’s IndiGo airlines, which was forced to ground eight of its Airbus (AIR.PA) A320neo aircraft last week after engine problems, a source familiar with the matter told Reuters. The logo of Dow Jones Industrial Average stock market index listed…
[ad_1] Another huge financing round is coming in for an AI company today, this time for a startup called Mythic getting a fresh $40 million as it appears massive deals are closing left and right in the sector. Mythic particularly focuses on the inference side of AI operations — basically making the calculation on the…
[ad_1] (Reuters) – Wall Street’s main indexes opened higher on Tuesday, led by gains in financial stocks ahead of a near-certain interest rate hike by the Federal Reserve, but declines in Facebook and Oracle weighed on technology shares. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in…
[ad_1] (Reuters) – FedEx Corp (FDX.N) is expanding its retail business, FedEx Office, in the United States by adding 500 new locations within Walmart Inc (WMT.N) stores in the next two years. A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration The move follows…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is looking at ways to boost production at Skoda, including building a new factory outside the brand’s Czech home, to help it keep up with booming demand, company sources said. FILE PHOTO: The Skoda Vision X car is presented during an event at the 88th International Motor Show at…
[ad_1] (Reuters) – BlackBerry Ltd’s U.S.-listed shares rose nearly 6 percent in pre-market trading on Tuesday after the company said it would partner with Microsoft Corp to provide security for flagship Office apps used by businesses. FILE PHOTO – A Blackberry sign is seen in front of their offices on the day of their annual…
[ad_1] LAS VEGAS (Reuters) – Amazon.com Inc is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay Inc and potentially Alibaba Group Holding Ltd. FILE PHOTO: A worker gathers items for delivery from the warehouse floor at Amazon’s…
[ad_1] TEL AVIV (Reuters) – Silicon Valley billionaire Elon Musk was in Israel to discuss a collaboration between electric car company Tesla Inc (TSLA.O) and Tel Aviv-based artificial intelligence firm Cortica, the Globes financial news website said on Tuesday. FILE PHOTO – Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla,…
[ad_1] LONDON (Reuters) – Royal Bank of Scotland (RBS.L) hopes to reach a settlement with the U.S. Justice Department over alleged mis-selling of toxic mortgage-backed securities this year, its chief executive said on Tuesday, although it has no news on the timing of any deal. Branded signs are seen outside a branch of RBS bank…
[ad_1] (Reuters) – Non-EU carriers could see their rights to fly in the bloc revoked if they or their home countries engage in “unfair” competitive practices under rules voted on by a European Parliament committee on Tuesday. A plane is seen during sunrise at the international airport in Munich, Germany, January 9, 2018. REUTERS/Michaela Rehle…
[ad_1] LONDON (Reuters) – Global equities trod water on Tuesday ahead of a U.S. Federal Reserve policy meeting, while investors reassessed their views of tech stocks following a slump in Facebook’s shares after reports of data misuse. The MSCI world equity index .MIWD00000PUS, which tracks shares in 47 countries, was flat in percentage terms by…
[ad_1] LONDON (Reuters) – Britain’s data protection authority is investigating whether Facebook (FB.O) responded robustly to reports that political consultancy Cambridge Analytica improperly gained access to data on 50 million of its users. People walk past the building housing the offices of Cambridge Analytica in central London, Britain, March 20, 2018. REUTERS/Henry Nicholls Britain’s Information…
[ad_1] BERLIN (Reuters) – Volkswagen said on Tuesday that its global headquarters were searched again by German prosecutors in early March as part of an investigation into its diesel emissions scandal, confirming a magazine report. FILE PHOTO: Volkswagen sign is seen during the annual earnings news conference of VW in Berlin in Berlin, Germany, March…
[ad_1] BEIJING (Reuters) – Voicing hopes that Beijing and the United States could avoid a trade war, Premier Li Keqiang told the close of the annual parliament session that China would open its economy further, so that foreign and Chinese firms can compete on an equal footing. Chinese Premier Li Keqiang speaks at the news…
[ad_1] A rise in U.S. interest rates tomorrow is so confidently expected by nearly everyone that a failure to hike rates would shock world markets. In his first official press conference since taking over for Janet Yellen, Federal Reserve chair Jerome Powell is expected to set the direction for interest rate increases this year and into the more…
[ad_1] Russian trolls could be a factor in the acrimonious pipeline debates occurring in Canada and the United States, says an expert on ethical hacking and network security. “It could influence it greatly,” said John Zabiuk of Edmonton’s Northern Alberta Institute of Technology “Already there is a wide rift of the knowledge that people have…
[ad_1] BERLIN (Reuters) – State prosecutors in Germany have started fresh enquiries into suspicions of market manipulation at Volkswagen as part of the diesel emission scandal, German magazine WirtschaftsWoche cited a spokesman for the investigators as saying on Tuesday. FILE PHOTO: Volkswagen sign is seen during the annual earnings news conference of VW in Berlin…
[ad_1] TOKYO (Reuters) – Asian shares were on the defensive on Tuesday after investors took profits in high-flying U.S. technology shares on fears of stiffer regulation, as Facebook came under fire following reports it allowed improper access to user data. The retreat came as investors braced for new Federal Reserve Chairman Jerome Powell’s first policy…
[ad_1] DocuSign is gearing up to go public in the next six months, sources tell TechCrunch. The company, which pioneered the e-signature, has now filed confidentially, we are hearing. Like Dropbox, which is finally going public this week, San Francisco-based DocuSign has been an anticipated IPO for several years now. It’s raised over $500 million since…
[ad_1] NEW YORK/MELBOURNE (Reuters) – The U.S. securities regulator said on Monday that a U.S. court should deny a bid by Rio Tinto Plc (RIO.L) (RIO.AX) and two former top executives to have civil fraud charges over a failed African coal project dismissed. FILE PHOTO – A sign adorns the building where mining company Rio…
[ad_1] BEIJING (Reuters) – China will open up its economy further, and its door to the outside will only get wider, with foreign and domestic firms allowed to compete on an equal footing, Premier Li Keqiang said at the close the country’s annual parliament session on Tuesday. Chinese Premier Li Keqiang speaks at the news…
[ad_1] (Reuters) – Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years. FILE PHOTO: Apple Senior…
[ad_1] NEW YORK (Reuters) – As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next. FILE PHOTO: A billboard advertising marijuana in advance of the upcoming…
[ad_1] (Reuters) – U.S. movie studio Metro Goldwyn Mayer will replace its chief executive, Gary Barber, five months after extending his contract for five years and has begun a search for a new CEO, MGM Holdings Inc said on Monday. 89th Academy Awards – Oscars Red Carpet Arrivals – Hollywood, California, U.S. – 26/02/17 –…
[ad_1] Apple and IBM may seem like an odd couple, but the two companies have been working closely together for several years now. That has involved IBM sharing its enterprise expertise with Apple and Apple sharing its design sense with IBM. The companies have actually built hundreds of enterprise apps running on iOS devices. Today, they…
[ad_1] NEW YORK (Reuters) – U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy and was ending all non-disclosure agreements that may have silenced some women. FILE PHOTO – Harvey Weinstein speaks at the UBS 40th Annual…
[ad_1] NEW YORK (Reuters) – U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy with an offer from with an affiliate of private equity firm Lantern Capital Partners to acquire its assets. FILE PHOTO – Harvey Weinstein…
[ad_1] TOKYO (Reuters) – Asian shares fell on Tuesday as investors dumped high-flying U.S. technology shares on fears of stiffer regulation as Facebook came under fire following reports it allowed improper access to user data. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018. REUTERS/Toru Hanai…
[ad_1] NEW YORK (Reuters) – U.S. film and TV studio The Weinstein Company plans to file for bankruptcy in Delaware as soon as Monday night with an offer for the company in hand from private equity firm Lantern Capital, a person familiar with the matter said. FILE PHOTO – Harvey Weinstein speaks at the UBS…
[ad_1] Color is looking to add a new test to its line of genetic testing, this time focusing on hereditary factors that may affect a person’s chance for being prone to cardiovascular complications like arrhythmia and cardiomyopathy. Called the heart health test, Color’s new test looks to isolate the genes that can be partially responsible…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in the OPEC country. FILE PHOTO – The new Venezuelan cryptocurrency “Petro” logo is…
[ad_1] NEW YORK (Reuters) – United Airlines is struggling to repair its badly bruised public image after the death of a puppy onboard one of its flights reignited public debate about the airline’s customer service failures. FILE PHOTO – A United Airlines Boeing 767-424(ER) aircraft takes off from Zurich Airport January 9, 2018. REUTERS/Arnd Wiegmann…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares. Facebook shares tumbled 6.8 percent as Chief Executive Mark Zuckerberg faced calls from both…
[ad_1] (Reuters) – McDonald’s Corp (MCD.N) said on Monday it had agreed to settle a U.S. labor board case on whether the company is accountable for its franchisees’ alleged labor law violations. FILE PHOTO – The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson The…
[ad_1] NEW YORK (Reuters) – A U.S. judge on Monday rejected BlackBerry Ltd’s request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smartphones. A Blackberry sign is seen in front of their offices on the day of…
[ad_1] Canada’s main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector. The S&P/TSX composite index closed down 121.94 points to 15,589.39, led by declines in energy and base metals as both oil…
[ad_1] LOS ANGELES/NEW YORK (Reuters) – Whole Foods will host a summit beginning Tuesday for up to 200 of its suppliers in its hometown of Austin, Texas, amid anxiety and speculation about how its ongoing business revamp will play out under new owner Amazon.com. A man walks past an advert for Amazon Locker outside a…
[ad_1] (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump’s election campaign gained improper access to data on 50 million Facebook users. Facebook’s shares closed down nearly 7 percent, wiping nearly $40 billion off its market…
[ad_1] (Reuters) – Kroger Co’s (KR.N) Fred Meyer said it would exit its firearms business, two weeks after deciding to stop selling guns and ammunition to buyers under the age of 21. FILE PHOTO – A logo of Kroger is displayed on a monitor above the floor of the New York Stock Exchange shortly after…
[ad_1] (Reuters) – Cloud storage company Dropbox Inc’s initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note. The Dropbox app logo seen on a mobile phone in this illustration…
[ad_1] TEMPE, Ariz./SAN FRANCISCO (Reuters) – An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality caused by an autonomous vehicle and a potential blow to the technology expected to transform transportation. The ride services company said it was suspending North American tests…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in the OPEC country. FILE PHOTO – The new Venezuelan cryptocurrency “Petro” logo…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares. Traders work on the floor of the New York Stock Exchange shortly after the…
[ad_1] BOSTON (Reuters) – A federal judge on Monday declared a mistrial in the case of four former employees of a firm that advises companies on shareholder votes charged with participating in a scheme to pay bribes to learn how a proxy adviser’s clients voted. FILE PHOTO: Former Georgeson LLC employee Michael Sedlak, (center), and…
[ad_1] SAN FRANCISCO (Reuters) – A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks’ market leadership would last. Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly…
[ad_1] (Reuters) – U.S. stocks dropped on Monday as a plunge in shares of Facebook led a sell-off in technology stocks on reports that the social media company’s user information was misused. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 19, 2018.…
[ad_1] (Reuters) – United Technologies Corp (UTX.N) Chief Executive Officer Greg Hayes is planning to leave following completion of the company’s integration with Rockwell Collins Inc (COL.N), Bloomberg reported on Monday. FILE PHOTO – United Technologies Chairman and CEO Greg Hayes gives an interview to CNBC on the floor of the New York Stock Exchange…
[ad_1] SAN FRANCISCO (Reuters) – A woman was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada. FILE PHOTO: Uber’s logo is pictured at its office in Tokyo, Japan, November 27,…
[ad_1] CHICAGO (Reuters) – Archer Daniels Midland Co said on Monday that it would restructure its business units, as the U.S. agricultural merchant seeks ways to remain competitive in the face of persistent tight margins in the global grains sector. The world’s largest corn mill of global grain company Archer Daniels Midland is pictured in…
[ad_1] (Reuters) – McDonald’s Corp on Monday said it had agreed to settle a U.S. labor board case on whether the company is accountable for its franchisees’ alleged labor law violations, according to a source involved in the case. FILE PHOTO – The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement. The new Venezuelan cryptocurrency “Petro” logo is seen at a facility of the Youth and Sports Ministry in Caracas,…
[ad_1] Facebook Inc. faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump’s campaign gained access to data on 50 million Facebook users. Facebook’s shares were down seven per cent, wiping around $30 billion US off its market value and dragging the…
[ad_1] OTTAWA (Reuters) – U.S. President Donald Trump appears to be “enthusiastic” about coming to an agreement on renegotiating the North American Free Trade Agreement (NAFTA), Canada’s Prime Minister Justin Trudeau said on Monday. FILE PHOTO – Canada’s Prime Minister Justin Trudeau speaks in front of steel workers the ArcelorMittal Dofasco plant in Hamilton, Ontario,…
[ad_1] (Reuters) – Facebook Inc faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump’s campaign gained access to data on 50 million Facebook users. Facebook’s shares were down 7 percent, wiping around $30 billion off its market value and dragging…
[ad_1] (Reuters) – U.S. stocks slid about 1 percent on Monday, with volatility spiking, as Facebook’s shares sank after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks. Traders work on the floor of the New York Stock Exchange shortly after the opening…
[ad_1] American trade officials are showing newfound interest in a Canadian proposal for revamping NAFTA’s automotive provisions as the U.S. seeks to swiftly conclude renegotiations of the continental free trade pact. And that’s being taken in some quarters as a sign that the U.S. may realize it will have to settle for making only modest…
[ad_1] The federal, Ontario and Quebec governments say they will spend $200 million to help fund research into 5G wireless technology, the next-generation networks with download speeds 100 times faster than current ones can handle. The so-called “5G corridor,” known as ENCQOR, will see tech companies such as Ericsson, Ciena Canada, Thales Canada, IBM and CGI kick in…
[ad_1] Owners of the Aeroplan loyalty program have struck a deal with online retailing giant Amazon that will enable the loyalty program’s five million members in Canada earn reward points while shopping online. Starting in April, Aeroplan members who visit Amazon.ca through Aeroplan’s web portal will be able to earn Aeroplan miles for every dollar spent. The…
[ad_1] Autonomous vehicles are increasingly becoming the shiny object in Silicon Valley. But the opportunity doesn’t just extend to cars driving around the streets of a major metropolitan area, and Igino Cafiero and Aubrey Donnellan hope to take it somewhere a little less obvious: the middle of an orchard. Cafiero and Donnellan are building an autonomously-driven…
[ad_1] (Reuters) – U.S. stocks fell on Monday, with the Nasdaq dropping more than 1 percent, as Facebook’s (FB.O) shares tumbled about 5 percent on reports that data of 50 million users were misused. A 3D printed Facebook logo is seen in front of a displayed stock graph in this illustration taken April 28, 2016.…
[ad_1] WASHINGTON (Reuters) – Several large U.S. retail companies, including Wal-Mart Inc, Target Corp, Best Buy Co Inc and Macy’s Inc, on Monday sent President Donald Trump a letter urging him not to impose massive tariffs on goods imported from China. FILE PHOTO – A Chinese national flag is seen at a port in Beihai,…
[ad_1] WILMINGTON, Del (Reuters) – Barring a last-minute buyer, Toys ‘R’ Us will soon disappear from U.S. shopping centers, but the name and its iconic Geoffrey the Giraffe mascot are likely to survive for another generation of Toys ‘R’ Us kids. A Toys R Us store is pictured in Toronto, Ontario, Canada., March 15, 2018.…
[ad_1] WASHINGTON (Reuters) – Several large retail companies, including Wal-Mart, Target, Best Buy and Macy’s, are making a direct appeal to President Donald Trump not to impose massive tariffs on goods imported from China, in a letter sent to the White House on Monday. FILE PHOTO – A Chinese national flag is seen at a…
[ad_1] European Union negotiator Michel Barnier says the EU and Britain have agreed to a large part of the treaty that will govern the U.K.’s departure from the bloc next year. [ad_2] Source link
[ad_1] (Reuters) – Facebook Inc’s shares fell 4 percent in premarket on Monday after media reports that a political consultancy that worked on President Donald Trump’s campaign gained inappropriate access to data on 50 million Facebook users. A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration taken November…
[ad_1] (Reuters) – Oil giant Saudi Aramco is looking to buy a majority stake in a proposed refinery and petrochemical complex valued at 3 trillion rupees ($46.10 billion) in the western Indian state of Maharashtra, local daily Economic Times reported, citing people familiar with the matter. FILE PHOTO: Logo of Saudi Aramco is seen at…
[ad_1] (Reuters) – Sharpie pens maker Newell Brands Inc (NWL.N) will appoint four directors to its board picked by billionaire investor Carl Icahn, the company said on Monday. FILE PHOTO – Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File…
[ad_1] (Reuters) – Newell Brands Inc (NWL.N), in which activist investor Carl Icahn disclosed a 6.86 percent stake on Friday, said on Monday it would appoint Icahn’s four nominees to its board immediately. FILE PHOTO – Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on…
[ad_1] BEIJING/SINGAPORE (Reuters) – Alibaba Group Holding Ltd (BABA.N) said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region. FILE PHOTO: A sign of…
[ad_1] LONDON (Reuters) – Shares were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more hikes lie in store this year. Investors look at an electronic board showing…
[ad_1] SINGAPORE (Reuters) – Singapore’s central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards. FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong,…
[ad_1] PARIS (Reuters) – Societe Generale SA (SOGN.PA) said on Monday that it hoped to resolve “within weeks” U.S. investigations into alleged Libor rigging and transactions made by the French bank involving Libyan counterparts. FILE PHOTO: A logo of French bank Societe Generale is pictured on a building in Geneva, Switzerland, November 8, 2017. REUTERS/Denis…
[ad_1] SINGAPORE (Reuters) – The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for anti-money laundering breaches and countering financing of terrorism (AML/CFT) requirements. FILE PHOTO: A logo of Standard Chartered…
[ad_1] BERLIN (Reuters) – German Finance Minister Olaf Scholz is “seriously concerned” about a trade stand-off with the United States, he told mass-selling daily newspaper Bild. Germany’s Finance Minister Olaf Scholz leaves a news conference during the 2018 G20 Conference entitled “The G20 Agenda Under the Argentine Presidency”, in Buenos Aires, Argentina, March 18, 2018.…
[ad_1] BERLIN (Reuters) – German Finance Minister Olaf Scholz is “seriously concerned” about a trade stand-off with the United States, he told mass-selling daily newspaper Bild. Germany’s Finance Minister Olaf Scholz leaves a news conference during the 2018 G20 Conference entitled “The G20 Agenda Under the Argentine Presidency”, in Buenos Aires, Argentina, March 18, 2018.…