[ad_1] (Reuters) – Department store operator J.C. Penney Co Inc (JCP.N) said on Thursday its Chief Financial Officer Jeffrey Davis plans to step down effective Oct. 1. FILE PHOTO: A shopper leaves the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017. REUTERS/Kamil Krzaczynski Senior Vice President of Finance Jerry Murray was…
[ad_1] The CEO of the company helping to run online marijuana sales for Ontario and B.C. said he is unable to project demand for cannabis once it becomes legal for recreational use on Oct. 17. “There is an entire building in Ottawa — Stats Can — that is oriented around trying to collect as much data…
[ad_1] The U.S. Securities and Exchange Commission sued Tesla Inc. chief executive Elon Musk on Thursday, accusing him of securities fraud for making a series of “false and misleading” tweets about potentially taking the electric car company private. In a complaint filed in Manhattan federal court, the SEC said Musk “knew or was reckless in…
[ad_1] The U.S. Securities and Exchange Commission filed a lawsuit on Thursday against Tesla Inc. chief executive Elon Musk, in which it alleges securities fraud, according to online court records. The lawsuit was filed in the U.S. District Court in Manhattan, the records show. A copy of the complaint was not immediately available. More to…
[ad_1] Social media was once a tool to connect with friends and family. But, increasingly, it’s becoming a place to promote products and to buy them directly from within the platforms. Earlier this month, Instagram announced a shopping channel under its explore tab, personalized to the user. It’s also expanding its shopping in stories feature…
[ad_1] Tim Hortons will seek to shut down an apparent knock-off restaurant in India that uses a name and branding very similar to the coffee-and-doughnut chain. Tim Hottens, located in Yamunanagar, India, is two letters away from the coffee chain in its name. Its logo and branding appear to mimic the Canadian chain’s as well.…
[ad_1] The Ontario government has introduced legislation governing the licensing and regulation of the province’s private cannabis retail marketplace. The Progressive Conservative government says the bill will also allow those over 19 to smoke recreational cannabis wherever the smoking of tobacco is permitted, loosening the rules put in place by the previous Liberal regime. The…
[ad_1] Cenovus Energy Inc. shares increased nearly seven per cent after the oilsands producer said it signed three-year deals with Canada’s major rail companies to move 100,000 barrels per day of heavy crude oil by rail. The Calgary-based company’s shares gained 81.5 cents or 6.8 per cent at $12.825 in late-morning trading on the Toronto…
[ad_1] SAN FRANCISCO (Reuters) – Federal Reserve Chairman Jerome Powell has a new message for financial markets: watch the data on jobs, wages and inflation for signals on monetary policy – not the U.S. central bank’s words or forecasts. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal…
[ad_1] DEARBORN, Mich. (Reuters) – As the Trump administration negotiates new trade pacts with Canada, China and other countries, Ford Motor Co (F.N) Executive Chairman Bill Ford said on Thursday the automaker wants deals that allow it to plan and invest with “certainty.” FILE PHOTO: Newly assembled Ford 2018 F1-50 pick-up trucks are loaded on…
[ad_1] VirusTotal, the virus and malware scanning service own by Alphabet’s Chronicle, launched an enterprise-grade version of its service today. VirusTotal Enterprise offers significantly faster and more customizable malware search, as well as a new feature called Private Graph, which allows enterprises to create their own private visualizations of their infrastructure and malware that affects their…
[ad_1] NEW YORK (Reuters) – Oil edged higher on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in five weeks. FILE PHOTO: A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. REUTERS/Chen…
[ad_1] Over the last several months, Dropbox has been undertaking an overhaul of its internal search engine for the first time since 2015. Today, the company announced that the new version, dubbed Nautilus, is ready for the world. The latest search tool takes advantage of a new architecture powered by machine learning to help pinpoint the…
[ad_1] It’s being touted as the next new miracle ingredient for everything from pet treats to anti-aging face creams and elixirs that can help an athlete’s aching body recover faster. But that’s not the only reason that cannabidiol or CBD, a compound derived from cannabis that doesn’t get people stoned, is being eyed by companies…
[ad_1] A developer who formerly worked for LinkedIn in Silicon Valley is offering Canadian tech companies a solution to their talent shortage. Vikram Rangnekar has founded MovNorth, a website and software mix to match up Canadian companies hungry for talent with tech workers from abroad. “Traditionally, Canadian companies were not focused on international hiring, but the tech talent gap is real…
[ad_1] Business groups are urging Premier Doug Ford’s government to take away the new sick day and pay equity protections granted to Ontario workers this year. Such a move would roll back reforms to employment standards and workplace law that were approved under the previous government of Kathleen Wynne. Those reforms pushed the minimum wage up…
[ad_1] A woman in the Northwest Territories says she missed two days worth of calls from her hospital while she prepared for cancer surgery, and is blaming it on a spat between two Canadian cell phone providers. Michelle Hagen has stage four cancer. She lives in Behchoko, N.W.T., about 100 kilometres northwest of Yellowknife, and often travels…
[ad_1] SAO PAULO (Reuters) – Petróleo Brasileiro SA (PETR4.SA) will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday. FILE PHOTO: FILE PHOTO: The logo of Brazil’s state-run oil company Petrobras is pictured in…
[ad_1] The National Energy Board is kicking off a new hearing process for the Trans Mountain pipeline expansion, just over a month after its initial approval of the project was rejected by the Federal Court of Appeal. A hearing panel has been struck and there’s a deadline of Oct. 3 for those who want to file…
[ad_1] The world’s most powerful central banker has confirmed that U.S. interest rates are on the way up — and if history is any guide, Canadian rates are going up with them. Federal Reserve Chair Jerome Powell was optimistic about U.S. jobs, growth and the benign effect of current trade disputes, but one of his…
[ad_1] RIYADH (Reuters) – Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more important in the long run than high-profile privatizations. Saudi men walk outside the General Court in Riyadh, July 24, 2018. Picture taken July 24, 2018. REUTERS/Faisal…
[ad_1] (Reuters) – Accenture Plc’s (ACN.N) fourth-quarter revenue and profit beat Wall Street estimates on Thursday as investments in its fast-growing digital and cloud services businesses paid off. FILE PHOTO – Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona, February 26, 2013. REUTERS/Albert Gea/File Photo Shares of the consulting…
[ad_1] (Reuters) – Accenture Plc (ACN.N), a provider of consulting and outsourcing services, reported an 11 percent rise in quarterly revenue on Thursday as it benefited from investments in digital and cloud services. FILE PHOTO – Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona, February 26, 2013. REUTERS/Albert Gea/File…
[ad_1] STOCKHOLM (Reuters) – Shares in H&M (HMb.ST) rose more than 10 percent on Thursday after the fashion retailer reassured investors that it would not need to cut costs further to shift unsold clothing despite a bigger than expected fall in quarterly profit. FILE PHOTO: Logos of H&M are pictured on a store in Geneva,…
[ad_1] LONDON (Reuters) – Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time. FILE PHOTO: A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province,…
[ad_1] LONDON (Reuters) – Europe’s share markets and the euro both took a tumble on Thursday as a report that Italy’s long-awaited budget was facing a delay compounded an already groggy global mood after the third U.S. interest rate rise of the year. FILE PHOTO: Signage is seen outside the entrance of the London Stock…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos’s space startup Blue Origin LLC has won a contract to supply engines for United Launch Alliance LLC (ULA), the Wall Street Journal reported on Thursday. Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s…
[ad_1] STOCKHOLM (Reuters) – Shares in H&M (HMb.ST) rose on Thursday after the fashion retailer reassured investors that it would not need to cut costs further to shift unsold clothing despite a bigger than expected 20 percent fall in quarterly profit. FILE PHOTO: Logos of H&M are pictured on a store in Geneva, Switzerland, August…
[ad_1] PARIS (Reuters) – France has no plans for now to sell its stake in Air France-KLM (AIRF.PA) and the priority is to increase the competitiveness of the group’s French unit, Finance Minister Bruno Le Maire said on Thursday. FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference at the Bercy Finance…
[ad_1] LONDON (Reuters) – Comcast, the victor in the $40 billion auction for Sky, said it had acquired 38 percent of the British pay-TV group’s shares and did not intend to make any further market purchases for now. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in…
[ad_1] (Reuters) – Merck & Co Inc (MRK.N) Chief Executive Officer Kenneth Frazier will remain in the role beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEOs to retire at the age of 65. FILE PHOTO – Chairman and CEO of Merck & Co., Kenneth Frazier, takes part in…
[ad_1] PARIS (Reuters) – Air France KLM’s (AIRF.PA) new Chief Executive Benjamin Smith said the French state is prepared to sell its 14 percent stake in the airline, according to the Financial Times. FILE PHOTO: Benjamin Smith poses for a picture during a reception at the 2016 International Air Transport Association (IATA) Annual General Meeting…
[ad_1] SAN DIEGO (Reuters) – Union officials representing 30,000 workers at U.S. oil refineries and chemical plants on Wednesday said they will pursue sizable wage increases and a 3-year contract in coming negotiations. FILE PHOTO: James Prokupek (L), an engineering department process design manager for the Valero St. Charles Oil Refiner, is seen in silhouette…
[ad_1] TOKYO (Reuters) – Asian shares held firm on Thursday, outperforming sagging Wall Street shares, and U.S. bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening. FILE PHOTO: A man looks at a mobile phone next to an electronic board showing Japan’s Nikkei average…
[ad_1] (Reuters) – Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, people familiar with the matter said on Wednesday. FILE PHOTO – The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking Papa John’s has come under…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said he rejected Canadian Prime Minister Justin Trudeau’s request for a meeting during the UN General Assembly this week because bilateral North American Free Trade Agreement (NAFTA) talks are going poorly and the United States is unhappy with Canada’s negotiators. Trump said he would not accept the…
[ad_1] TOKYO (Reuters) – Global equities ran out of steam and U.S. bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening with forecasts of five more rate hikes by 2020. FILE PHOTO: A man looks at a mobile phone next to an electronic board…
[ad_1] JAKARTA/HONG KONG (Reuters) – For Chinese tech giants Alibaba and Tencent, Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services. FILE PHOTO: A sign of Tencent is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China December 3, 2017. REUTERS/Aly Song/File Photo Both…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by 1 percent on Thursday as investors focused on the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Thursday, lifted by looming U.S. sanctions against major crude exporter Iran. FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Brent crude futures LCOc1 were at $82.04 per barrel at 0104 GMT, up by 70 cents, or 0.9…
[ad_1] UNITED NATIONS (Reuters) – U.S. President Donald Trump on Wednesday blasted Canada over the slow pace of talks over NAFTA, saying he was so unhappy that he had rejected Canadian Prime Minister Justin Trudeau’s request for a one-on-one meeting. Canadian Prime Minister, Justin Trudeau, speaks during a news conference at U.N. headquarters during the…
[ad_1] WASHINGTON (Reuters) – A group of nine state attorneys general on Wednesday backed AT&T Inc (T.N) as the Justice Department asks a federal appeals court to reverse approval of the company’s $85.4 billion acquisition of Time Warner Inc. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner logo in…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) on Wednesday said it is opening a general store in New York City that will sell toys, household goods and a range of other products highly rated on its website, marking its latest push into brick-and-mortar retail. FILE PHOTO: AmazonFresh Pickup, a service launched by Amazon.com Inc and currently…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. In a statement that marked the end of the era of “accommodative” monetary policy, Fed policymakers…
[ad_1] (Reuters) – Interest rates futures traders on Wednesday stuck with bets the Federal Reserve will raise rates once more this year and two times next year even after the central bank released forecasts flagging a slightly steeper rate rise path. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22,…
[ad_1] (Reuters) – A Wall Street rally collapsed and stocks turned negative shortly before the market close on Wednesday after investors reassessed the Federal Reserve’s policy statement and reduced their risk as they weighed how long the U.S. central bank would continue to raise interest rates. Traders work on the floor of the New York…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) on Wednesday said it is opening a store in New York City that will sell products ranging from card games to skillets that are highly rated on its website, in the company’s latest push into brick-and-mortar retail. FILE PHOTO: A shipment moves on a conveyor belt at an Amazon…
[ad_1] The union representing Air Canada pilots says a near-collision at San Francisco’s airport involving one of the airline’s jets should be a wake-up call for the federal government to properly address pilot fatigue for overnight flights. Capt. Matt Hogan, chairman of the Air Canada Pilots Association master elected council, says Ottawa should change the…
[ad_1] NEW YORK (Reuters) – Wall Street extended gains on Wednesday, while the dollar dipped but then recovered, after the U.S. Federal Reserve raised interest rates, as expected, and flagged the end of “accommodative” monetary policy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018.…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday, as expected, and forecast three more years of economic growth as the U.S. central bank left its policy for steady rate rises in place. In a statement that marked the end of the era of “accommodative” monetary policy, Fed policymakers lifted the benchmark…
[ad_1] U.S. entertainment company CBS Television Studios will open a television and film production hub just outside Toronto next year. The company says the hub will include six sound stages, production offices and other support facilities. CBS says the 260,000 square-foot facility will be located in Mississauga and is due to open in mid-2019. The…
[ad_1] The leading exchange traded fund for cannabis companies has added nine new marijuana producers to its holdings. When it launched last year, the Horizons Marijuana Life Sciences ETF had only a handful of stocks in it, including major producers such as Canopy Growth and Aurora Cannabis, along with fertilizer maker Scott’s Miracle Grow. But four…
[ad_1] Leading internet search engine Google will acknowledge that it has made “mistakes” on privacy issues in testimony an executive of the Alphabet Inc unit will deliver to a U.S. Senate committee on Wednesday, according to a document reviewed by Reuters. “We acknowledge that we have made mistakes in the past, from which we have learned,…
[ad_1] As the Trump administration continues to link the lifting of steel and aluminum tariffs to a successful conclusion of trade talks, Prime Minister Justin Trudeau says Canadians need to feel confident about what will happen ‘if’ they move forward. Speaking at a press conference before leaving the United Nations General Assembly in New York…
[ad_1] Environmental and Indigenous groups asked Minnesota regulators on Tuesday to reconsider their approval of Enbridge Energy’s plans to replace its aging Line 3 crude oil pipeline across northern Minnesota. The groups, including the Sierra Club, Youth Climate Intervenors, Friends of the Headwaters and Honor the Earth, filed their requests with the Minnesota Public Utilities…
[ad_1] GENEVA (Reuters) – The supreme court of world trade will be running on fumes from the end of this month after the United States turned down a last-ditch petition to reappoint one of the four remaining judges at the World Trade Organization. Shree Baboo Chekitan Servansing, Thomas R. Graham and Ujal Singh Bhatia, three…
[ad_1] WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices. FILE PHOTO – A home for sale is seen in Santa Monica, California, U.S., March…
[ad_1] Farming has been in Kyle Smith’s family since 1796. He’s been farming full-time for about 15 years now, but this is the first time he’s done it on top of a dump. “When they first approached us with the idea it was definitely something different, nothing we’d encountered before or heard about in all…
[ad_1] Exporters and shippers of live Canadian lobster are reporting a huge growth in the number of air cargo shipments to China, driven by the trade war between the United States and China. The two countries have been dumping major tariffs on each other’s goods for weeks. Both the U.S. and China have tacked tariffs on about 5,000 goods…
[ad_1] MILAN (Reuters) – The $40 billion takeover of British broadcaster Sky (SKYB.L) and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region. FILE PHOTO: A British Sky Broadcasting Group (BSkyB) logo is seen at the company’s UK headquarters in west London July…
[ad_1] Sometimes $10 billion isn’t as much as you think. It’s true that when you look at the bottom line number of the $10 billion Joint Enterprise Defense Infrastructure (JEDI) cloud contract, it’s easy to get lost in the sheer size of it, and the fact that it’s a one-vendor deal. The key thing to remember…
[ad_1] WASHINGTON (Reuters) – With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening. This week’s two-day policy meeting could mark the formal end of…
[ad_1] LONDON (Reuters) – Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up. A pumpjack brings oil to the surface in the Monterey Shale, California, U.S., April…
[ad_1] (Reuters) – Merck & Co Inc’s (MRK.N) Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65. FILE PHOTO – Chairman and CEO of Merck & Co., Kenneth Frazier, takes part in a panel…
[ad_1] (Reuters) – Drugmaker Merck and Co Inc (MRK.N) said on Wednesday that its board voted to rescind a policy requiring its head to retire at 65, a move that will permit current Chief Executive Officer Kenneth Frazier to remain in the role beyond next year. FILE PHOTO – Chairman and CEO of Merck &…
[ad_1] Instana, an application performance monitoring (APM) service with a focus on modern containerized services, today announced that it has raised a $30 million Series C funding round. The round was led by Meritech Capital, with participation from existing investor Accel. This brings Instana’s total funding to $57 million. The company, which counts the likes…
[ad_1] BERLIN (Reuters) – German Deputy Finance Minister Joerg Kukies on Wednesday urged insurers to prepare for a no-deal Brexit and added that the German government was very interested in attracting financial service providers looking to leave Britain due to Brexit. British Prime Minister Theresa May signaled on Tuesday that she would prefer a ‘no-deal’…
[ad_1] LONDON (Reuters) – London’s skyline is changing fast, pierced by gleaming new skyscrapers which defy predictions of a Brexit-related slowdown in the capital’s two financial districts. Workers are seen crossing the Millennium Bridge, with St Paul’s Cathedral seen behind during the morning rush hour in London, Britain, September 25, 2018. REUTERS/Toby Melville With only…
[ad_1] LONDON (Reuters) – A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil. FILE PHOTO: A worker shelters from the rain as he passes the London…
[ad_1] LONDON (Reuters) – As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European Union, according to a new Reuters survey. Workers are seen crossing London Bridge…
[ad_1] SHANGHAI (Reuters) – Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct. 1, allowing more Chinese carriers to offer service. FILE PHOTO: The inner view of a terminal hall of the new Daxing International Airport under construction during…
[ad_1] MILAN (Reuters) – Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors (KORS.N) but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday. Versace’s advertising banner is seen on Duomo cathedral in Milan, Italy, September 25,…
[ad_1] TOKYO (Reuters) – Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China’s weighting in the global benchmark will be increased. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei average (L), the Dow…
[ad_1] NEW DELHI (Reuters) – Discussions on a revival package for beleaguered state-run carrier Air India are at an “advanced stage”, the country’s junior aviation minister Jayant Sinha said on Wednesday. FILE PHOTO: Jayant Sinha gestures during an interview with Reuters in New Delhi, India, April 27, 2015. REUTERS/Anindito Mukherjee India in June shelved a…
[ad_1] THOMASVILLE, N.C. (Reuters) – In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry decimated over the years by imports from China, many greet the possibility of tariffs on Chinese goods with a shrug. The sewing lines at Bernhard Furniture Company which where…
[ad_1] (Reuters) – Apple Inc (AAPL.O) shaved some parts from the display in its largest new iPhone, helping keep costs under control in what has become the priciest component of its phones in recent years, according to a new cost analysis of the device. FILE PHOTO: A man holds the newly released Apple iPhone XS…
[ad_1] TOKYO (Reuters) – Oil benchmark Brent traded little changed on Wednesday after rising to its highest in nearly four years in the previous session while U.S. crude futures fell as United States’ officials tried to assure that the market would be well-supplied before sanctions are re-imposed on producer Iran. A pumpjack brings oil to…
[ad_1] TOKYO (Reuters) – Asian shares inched up on Wednesday, as Chinese stocks extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China’s weighting in the global benchmark will be increased. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei average (L), the Dow…
[ad_1] (Reuters) – Doughnut lovers took to social media on Tuesday to decry a decision by Dunkin’ Donuts to drop its signature product from its name, an effort by the brand now known simply as Dunkin’ to highlight a wider array of menu items and appeal to a younger generation. FILE PHOTO: The sign of…
[ad_1] TOKYO (Reuters) – Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs. FILE PHOTO: A man walks past electronic boards showing Japan’s Nikkei average (L), the…
[ad_1] (Reuters) – Delta Air Lines Inc said it has restored all its systems after a technology issue grounded some flights that had not yet taken off, briefly disrupting travel for its passengers across the country. FILE PHOTO: A Delta Airlines aeroplane is seen inside of a hangar during a launch event of the new…
[ad_1] TOKYO (Reuters) – Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices. A pumpjack brings oil to the surface in the Monterey…
[ad_1] NEW YORK (Reuters) – Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday. U.S. President Donald Trump’s administration recently began increasing the pressure on…
[ad_1] (Reuters) – Dunkin’ Donuts said on Tuesday it plans to rebrand itself as “Dunkin’” as part of new CEO Dave Hoffman’s plans to bring beverages and breakfast meals to the forefront of the restaurant chain’s menu. FILE PHOTO – A Dunkin’ store, the first since a rebranding by the Dunkin’ Donuts chain, is pictured…
[ad_1] FRANKFURT (Reuters) – Most of BMW’s (BMWG.DE) 550 independent car dealerships are unwilling to accept new terms set by the carmaker and are threatening to ignore an end-September deadline, Sueddeutsche Zeitung reported on Wednesday. FILE PHOTO: The BMW logo is seen on a vehicle at the New York Auto Show in the Manhattan borough…
[ad_1] (Reuters) – The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector. S&P 500 financials .SPSY, including interest-rate-sensitive bank stocks .BKX, dipped 0.38 percent ahead of the expected rise in interest rates…
[ad_1] (Reuters) – Nike Inc (NKE.N) beat Wall Street estimates for first-quarter profit on Tuesday, but a small rise in gross margins was not enough for some investors and analysts, who drove down shares of the sportswear giant by 4 percent after hours. FILE PHOTO: The Nike swoosh logo is pictured on a store in…
[ad_1] NEW YORK (Reuters) – Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday. The administration of President Donald Trump recently began increasing the pressure…
[ad_1] WASHINGTON (Reuters) – Raytheon Co (RTN.N) has been awarded a $1.5 billion modification to a contract for the sale of Patriot missile systems to Poland, the Pentagon said in a statement on Tuesday. FILE PHOTO: A sign marks the Raytheon offices in Woburn, Massachusetts, U.S. January 25, 2017. REUTERS/Brian Snyder Reporting by Mohammad Zargham; Editing…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank has looked at a theoretical scenario of merging with UBS, the German business daily Handelsblatt reported, citing people familiar with the matter. FILE PHOTO: People are silhouetted next to the Deutsche Bank’s logo prior to the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo The…
[ad_1] (Reuters) – Nike Inc (NKE.N) beat analysts’ estimates for first-quarter revenue on Tuesday, as new launches of footwear and apparel fueled sales in North America. FILE PHOTO: The Nike swoosh logo is pictured on a store in New York City, New York, U.S., September 4, 2018. REUTERS/Carlo Allegri Revenue rose to $9.95 billion from…
[ad_1] Pinterest is opening its first office in Canada in Toronto at the start of October in an effort to expand its presence outside of the U.S. The San Francisco-based technology company runs an online platform that allows users to create a digital board they can pin aspirational photos to. It says it has 12…
[ad_1] NEW YORK (Reuters) – European shares climbed on Tuesday as oil prices above $80 a barrel lifted energy stocks, while U.S. stocks slid on losses in chipmakers and rate-sensitive shares ahead of an expected Federal Reserve interest rate hike. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] MILAN (Reuters) – Michael Kors (KORS.N) agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals. Michael Kors, whose namesake label is best known for its leather handbags, has made no secret of its ambition…
[ad_1] Licensed marijuana producer Aurora Cannabis Inc. says it is “more than ready” for the legalization of recreational pot next month, with enough supply to meet all its commitments to provinces and territories. Aurora’s chief corporate officer Cam Battley also says the cannabis firm doesn’t expect to need supply agreements with other licensed producers to…
[ad_1] The co-founders of Instagram are resigning their positions with the social media company without explanation. Chief executive Kevin Systrom said in a statement late Monday that he and Mike Krieger, Instagram’s chief technical officer, plan to leave the company in the next few weeks and take time off “to explore our curiosity and creativity…
[ad_1] (Reuters) – Uber Technologies Inc [UBER.UL] won a legal victory on Tuesday as a federal appeals court said drivers seeking to be classified as employees rather than independent contractors must arbitrate their claims individually, and not pursue class-action lawsuits. The Uber application is seen on a mobile phone in London, Britain, September 14, 2018.…
[ad_1] The last thing a satisfied WestJet customer expected to get when she sent the company a glowing review was a referral to a suicide hotline. But at least it shows that Juliet — the name given to the airline’s new, artificial intelligence Facebook chatbot — cares. The customer, who didn’t want to be identified because she…
[ad_1] When Salesforce bought Mulesoft last spring for the tidy sum of $6.5 billion, it looked like money well spent for the CRM giant. After all, it was providing a bridge between the cloud and the on-prem data center and that was a huge missing link for a company with big ambitions like Salesforce. When…
[ad_1] Washington’s Department of Ecology wants the Canadian government to fix what it calls “deficiencies in critical areas” of its spill response plan for a spur of the Trans Mountain pipeline that runs through the state. When Canada purchased the Trans Mountain pipeline and assets for $4.5 billion in May, it also bought the Puget Sound line, which carries…
[ad_1] NEW YORK (Reuters) – Canada is failing to make concessions needed to reach a deal with the United States for a trilateral NAFTA pact, and is running out of time before Washington proceeds with a Mexico-only agreement, U.S. Trade Representative Robert Lighthizer said on Tuesday. FILE PHOTO: (L-R) White House senior adviser Jared Kushner,…
[ad_1] How many times have you called into a company, answered a bunch of preliminary questions about the purpose of your call, then found that those answers didn’t make their way to the CSR who ultimately took your call. This usually is because System A can’t talk to System B and it’s frustrating for the…
[ad_1] An American marijuana company whose shares will soon trade in Canada has raised $85 million in a private placement, funds the company plans to use to ramp up retail operations around the world. Green Growth Brands announced on Tuesday that it had originally hoped to raise $55 million in a recent offering, but ended up…
[ad_1] Shares of Facebook Inc fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances. [ad_2] Source link
[ad_1] DevOps automation service Chef today announced a number of new integrations with Microsoft Azure. The news, which was announced at Microsoft Ignite conference in Orlando, Florida, focuses on helping enterprises bring their legacy applications to Azure and ranges from the public preview of Chef Automate Managed Service for Azure to the integration of Chef’s…
[ad_1] (Reuters) – Qualcomm Inc on Tuesday alleged that Apple Inc stole its trade secrets and gave them to Intel Corp with the goal of improving Intel’s chips so Apple could replace Qualcomm’s chips, the latest move in a drawn-out legal dispute. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego,…
[ad_1] Salesforce and Amazon’s cloud arm, AWS, have had a pretty close relationship for some time, signing a $400 million deal for infrastructure cloud services in 2016, but today at Dreamforce, Salesforce’s massive customer conference taking place this week in San Francisco, they took it to another level. The two companies announced they were offering…
[ad_1] (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday took a cautious line over talks to update NAFTA, saying he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico have already agreed. Prime Minister of Canada Justin Trudeau waits for the Prime Minister of Spain Pedro…
[ad_1] LinkedIn may be best known as a place where people and organizations keep public pages of their professional profiles, using that as a starting point for networking, recruitment and more — a service that today that has racked up more than 575 million users, 20 million companies and 15 million active job listings. But…
[ad_1] LONDON (Reuters) – European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above $80 a barrel lifted energy shares, despite worries around the latest U.S.-China tariff round and central bank rate hikes. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London,…
[ad_1] LONDON (Reuters) – Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply. FILE PHOTO: A worker walks at the Zubair oilfield in Basra, Iraq May…
[ad_1] MEXICO CITY (Reuters) – A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico’s new president consider a bilateral trade deal? FILE PHOTO – U.S. President Donald Trump talks via speakerphone to…
[ad_1] LONDON (Reuters) – The oil price shot to its highest in four years on Tuesday, catapulted by upcoming U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply. FILE PHOTO: A worker walks at the Zubair oilfield in Basra,…
[ad_1] Open source software is now a $14 billion+ market and growing fast, in use in one way or another in 95 percent of all enterprises. But that expansion comes with a shadow: open source components can come with vulnerabilities, and so their widespread use in apps become a liability to a company’s cybersecurity. Now,…
[ad_1] COPENHAGEN (Reuters) – Public confidence in Denmark’s largest lender Danske Bank (DANSKE.CO) has plummeted as the extent of its Estonian money laundering case has become clearer, figures from polling firm Voxmeter showed on Tuesday. FILE PHOTO: Danske Bank sign is seen at the bank’s Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins/File…
[ad_1] BERLIN (Reuters) – A full-blown trade war would have serious effects on global economic growth and there would be no winners of such a scenario, the director-general of the World Trade Organization (WTO), Roberto Azevedo, said on Tuesday. Roberto Azevedo, Director-General of the World Trade Organization (WTO), attends an event of “The Future of…
[ad_1] BERLIN (Reuters) – A full-blown global trade war would have serious effects on global growth and there would be no winners of such a scenario, the director-general of the World Trade Organization (WTO) Roberto Azevedo said on Tuesday. Roberto Azevedo, Director-General of the World Trade Organization (WTO), attends an event of “The Future of…
[ad_1] BEIJING (Reuters) – A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods. FILE PHOTO: A U.S. flag is seen during a welcoming ceremony…
[ad_1] Pot company Tilray is showing the world why investing in cannabis is not for the faint of heart. The Nanaimo, B.C., company’s stock exploded last week. Its price doubled to $300 US per share in less than two days, becoming the most valuable cannabis company in the world before falling back below where it started the week.…
[ad_1] STOCKHOLM (Reuters) – Step into one of the more than 4,300 H&M (HMb.ST) budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts in a spartan and sometimes cluttered environment. Maria Ostblom, head of womenswear design at H&M, gives a presentation to invitees…
[ad_1] LONDON (Reuters) – Comcast (CMCSA.O), the victor in the auction for Sky (SKYB.L) on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group’s shares in the market. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27,…
[ad_1] SINGAPORE (Reuters) – Oil prices on Tuesday were holding just below four-year highs hit in the previous session, as looming U.S. sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market. FILE PHOTO: A worker walks at the Zubair oilfield in Basra, Iraq May…
[ad_1] TOKYO (Reuters) – Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth. A man looks at an electronic board showing Japan’s Nikkei average outside a brokerage at a business district in Tokyo, Japan…
[ad_1] (Reuters) – Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, with the pair giving scant explanation. FILE PHOTO: Instagram founders Mike Krieger (L) and Kevin Systrom attend the 16th annual Webby Awards in New…
[ad_1] BEIJING (Reuters) – A senior Chinese official said on Tuesday that it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International…
[ad_1] Oil benchmark Brent rose for a second day on Tuesday, remaining within range of a four-year high reached during the previous session. [ad_2] Source link
[ad_1] BEIJING (Reuters) – China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen. FILE PHOTO: A container truck moves past containers at the Yangshan Deep Water Port in Shanghai, China…
[ad_1] (Reuters) – Co-founders of Facebook Inc’s (FB.O) Instagram, Kevin Systrom and Mike Krieger, have resigned and plan to leave the photo-sharing app company in coming weeks, the New York Times reported late on Monday, citing people with direct knowledge of the matter. FILE PHOTO: Instagram Chief Executive Officer and co-founder Kevin Systrom announces the…
[ad_1] TOKYO (Reuters) – Asia stocks struggled on Tuesday as the latest round of U.S.-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases. A man looks at an electronic board showing Japan’s Nikkei average outside…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday. FILE PHOTO: A Sears logo is seen…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) is building its own car carriers, as the electric carmaker faces vehicle distribution problems. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo, Japan, September 8, 2014. REUTERS/Toru HanaI/File Photo The company is upgrading its logistics system but running into an “extreme”…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow closed lower on Monday after a new round of U.S.-China trade tariffs kicked in, dampening last week’s hopes for talks between the two countries, and as investors awaited a widely expected interest rate hike by the Federal Reserve. Seven of the S&P’s 11 major…
[ad_1] LONDON (Reuters) – Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital to good use. The new Barrick company, which will be listed in New…
[ad_1] (Reuters) – Starbucks Corp (SBUX.O) is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson. FILE PHOTO: A flag flies above the company’s headquarters as Starbucks Corp opens the first upscale Starbucks Reserve store at the Starbucks headquarters in Seattle, Washington, U.S., February 27, 2018.…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) made two preliminary approaches for British online food delivery company Deliveroo, the latest one about nine months ago, the Telegraph reported on Monday. 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 The approaches…
[ad_1] WASHINGTON (Reuters) – The U.S. Air Force awarded Boeing Co (BA.N) a $376 million contract to build four helicopters in the first leg of a $2.38 billion deal to replace the fleet of 46-year-old UH-1N Huey helicopters. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair…
[ad_1] NEW YORK (Reuters) – Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply. Wall Street equities also stumbled on a wave of…
[ad_1] Microsoft is hosting its Ignite conference in Orlando, Florida this week. And although Ignite isn’t the household name that Microsoft’s Build conference has become over the course of the last few years, it’s a massive event with over 30,000 attendees and plenty of news. Indeed, there was so much news this year that Microsoft…
[ad_1] Subscription radio company SiriusXM says it’s buying music streaming service Pandora Media Inc. in a deal valued at about $3.5 billion US. Sirius says this will allow it to expand its service beyond cars and into mobile devices and homes. Pandora has faced intense pressure from competitors like Spotify and Apple. Its last quarterly…
[ad_1] The Calgary-based developer of the Keystone XL oil pipeline plans to start construction next year, after a U.S. State Department review ordered by a federal judge concluded that major environmental damage from a leak is unlikely and could quickly be mitigated, a company spokesman said Monday. TransCanada spokesman Matthew John said the company remains…
[ad_1] California officials say the Trump administration’s plan to roll back car-mileage standards is not supported by science, will damage people’s health and exacerbate climate change. California Attorney General Xavier Becerra and California Air Resources Board chairwoman Mary Nichols were among several state officials on the first panel to testify at a hearing in Fresno…
[ad_1] Walmart has been working with IBM on a food safety blockchain solution and today it announced it’s requiring that all suppliers of leafy green vegetable for Sam’s and Walmart upload their data to the blockchain by September 2019 . Most supply chains are bogged down in manual processes. This makes it difficult and time…
[ad_1] (Reuters) – Walmart and its unit Sam’s Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents. Walmart is among several other retailers such as Nestle SA trying to tap blockchain, a shared record of data kept…
[ad_1] UNITED NATIONS (Reuters) – The European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday. FILE PHOTO: European Commissioner Cecilia Malmstrom holds a news conference in Brussels, Belgium March 7,…
[ad_1] It’s time for the next version of SQL Server, Microsoft’s flagship database product. The company today announced the first public preview of SQL Server 2019 and while yet another update to a proprietary database may not seem all that exciting at first glance, Microsoft is trying to do a few rather interesting things with…
[ad_1] (Reuters) – Industrials took the biggest knock on Wall Street on Monday as the latest U.S.-China tariffs kicked in, while adding to uncertainty were questions over whether Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, had quit. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] If you’ve ever attended a video meeting and wished that the speakers used really expensive cameras and lenses that allowed for that soft classy background blur of a portrait photo, then Microsoft wants to make that wish come true. The company announced a number of updates to Microsoft Teams today, and one of those…
[ad_1] (Reuters) – United Technologies Corp (UTX.N) is exploring a sale of its Chubb Fire & Security division for more than $3 billion, people familiar with the matter said 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] AWS has its Snowball (and Snowmobile truck), Google Cloud has its data transfer appliance and Microsoft has its Azure Data Box. All of these are physical appliances that allow enterprises to ship lots of data to the cloud by uploading it into these machines and then shipping them to the cloud. Microsoft’s Azure Data…
[ad_1] LONDON (Reuters) – U.S. fashion group Michael Kors (KORS.N) has agreed to take control of Versace in a deal that could value one of Italy’s most prized designers at $2 billion, sources familiar with the matter said on Monday. Budding luxury conglomerates, including Michael Kors’ U.S. rival Tapestry (TPR.N), owner of Coach and Kate…
[ad_1] Cosmos DB is undoubtedly one of the most interesting products in Microsoft’s Azure portfolio. It’s a fully managed, globally distributed multi-model database that offers throughput guarantees, a number of different consistency models and high read and write availability guarantees. Now that’s a mouthful, but basically, it means that developers can build a truly global…
[ad_1] NEW YORK (Reuters) – Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply. Wall Street equities tumbled after the Axios news site…
[ad_1] Adobe Analytics is a sophisticated product, so much so that users might focus on a set of known metrics at the cost of missing key insights. Adobe introduced an AI-fueled virtual assistant called Intelligent Alerts today to help users find deeper insights they might have otherwise missed. John Bates, director of product management for…
[ad_1] (Reuters) – The benchmark S&P 500 hit a session low on Monday after Axios reported that U.S. Deputy Attorney General Rod Rosenstein had resigned in anticipation of being fired by President Donald Trump. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 20, 2018. REUTERS/Brendan McDermid…
[ad_1] In a world dominated by Alexa and the Google Assistant, Cortana suffers the fate of a perfectly good alternative that nobody uses and everybody forgets about. But Microsoft wouldn’t be Microsoft if it just gave up on its investment in this space, so it’s now launching the Cortana Skills Kit for Enterprise to see…
[ad_1] NEW YORK (Reuters) – The new S&P 500 communication services sector .SPLRCL, which includes such high-profile names as Facebook (FB.O), Alphabet (GOOGL.O) and Netflix (NFLX.O), made its debut on Monday, after the largest-ever overhaul of Wall Street’s broad business sectors. FILE PHOTO: FILE PHOTO: The AT&T logo is seen on a monitor near traders…
[ad_1] Microsoft Azure is getting a number of new storage options today that mostly focus on use cases where disk performance matters. The first of these is Azure Ultra SSD Managed Disks, which are now in public preview. Microsoft says that these drives will offer “sub-millisecond latency,” which unsurprisingly makes them ideal for workloads where…
[ad_1] Toronto based Barrick Gold has agreed to buy Randgold Resources for $6.1 billion in stock to create the world’s largest gold miner. Investors will get 6.128 new Barrick shares for each Randgold share they hold. Shareholders in Barrick will own about 66.6 per cent of the merged company, which will combine Randgold’s African mines with Barrick’s holdings in…
[ad_1] Microsoft, SAP and Adobe today announced a new partnership: the Open Data Initiative. This alliance, which is a clear attack against Salesforce, aims to create a single data model for consumer data that is then portable between platforms. That, the companies argue, will provide more transparency and privacy controls for consumers, but the core…
[ad_1] SINGAPORE (Reuters) – Singapore slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up prices. A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Uber Technologies Inc sold its Southeast Asian…
[ad_1] Apple and Salesforce are both highly successful, iconic brands, who like to put on a big show when they make product announcements. Today, the two companies announced they were forming a strategic partnership with an emphasis on mobile strategy ahead of Salesforce’s enormous customer conference, Dreamforce, which starts tomorrow in San Francisco. For Apple, which…
[ad_1] The parent company of grocery chain Sobeys Inc. says it has reached a deal to acquire food retailer Farm Boy in a bid to expand its reach in Ontario. Empire Co. Ltd. says the acquisition, which values the Ontario-based chain of grocery stores at $800 million, includes 26 Farm Boy locations in the province.…
[ad_1] (Reuters) – Symantec Corp (SYMC.O) said on Monday that it would not restate previous financial results except for a specific $13 million transaction, following a four-month long probe into the Norton anti-virus maker’s accounting practices, sending its shares up about 4 percent. A Symantec security app is seen on a phone in this illustration…
[ad_1] Yubico, the company behind the popular Yubikey security keys, today announced the launch of its 5 Series keys. The company argues that these new keys, which start at $45, are the first multi-protocol securities keys that supports the FIDO2 standard. With this, Yubico argues, the company will be able to replace password-based authentication, which…
[ad_1] (Reuters) – Satellite radio firm Sirius XM Holdings Inc (SIRI.O) will buy music streamer Pandora Media Inc (P.N) in a $3.5 billion all-stock deal, as it seeks to build scale to battle heavyweight streaming rivals Spotify and Apple Music. FILE PHOTO: A person holds a smart phone with the Pandora app showing in New…
[ad_1] STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday. FILE PHOTO – The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer…
[ad_1] LONDON (Reuters) – U.S. fashion group Michael Kors Holdings Ltd (KORS.N) has sealed an agreement to take control of Italy’s Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week. FILE PHOTO: Designer Michael Kors waves after the showing of his Spring/Summer 2019 collection…
[ad_1] STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo (VOLVb.ST) has been forced to stop assembling trucks in Iran as it can no longer get paid with U.S. sanctions having hit the country’s banking system, a spokesman for the company told Reuters on Monday. FILE PHOTO – The logo of Swedish truck maker Volvo is pictured…
[ad_1] LONDON (Reuters) – Canada’s Barrick Gold (ABX.TO) has agreed to buy Randgold Resources Ltd (RRS.L) in a $18.3 billion share deal to create the world’s largest gold company by value and output in an industry under investor pressure to put capital to good use. FILE PHOTO: Randgold Resources CEO Mark Bristow speaks during a…
[ad_1] Markets are so certain that U.S. Federal Reserve chair Jerome Powell will raise rates this week that a failure to hike would likely have worse consequences for American markets than the impact of higher borrowing costs. But the near certainty so cherished by market traders — who hate rude surprises — will provide little reassurance for the millions of people around the world,…
[ad_1] On the day of the grand opening of the largest bitcoin mining project in the country, the weather was partly cloudy and 15 C. On a Friday afternoon like this one, the new facility uses as much electricity as all of Medicine Hat, Alta., a city of more than 60,000 people and home to several large industrial…
[ad_1] Near the hometown of the late Colombian kingpin Pablo Escobar, a growing number of Canadians are seeking their fortunes in the international drug trade. Today, however, they’re doing it legally. At least seven licensed Canadian cannabis producers have set up shop in Colombia, investing more than $100 million in the conflict-hit country that has become a new…
[ad_1] BEIJING (Reuters) – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global economic growth. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China…
[ad_1] SYDNEY (Reuters) – Asian shares stumbled in holiday-thinned trading on Monday as China’s decision to cancel talks with the United States sparked fears of a protracted trade war, while oil rallied as Saudi Arabia ruled out increasing supplies to cool crude prices. A man walks in front of a screen showing today’s movements of…
[ad_1] BEIJING (Reuters) – The United States and China imposed fresh tariffs on each other’s goods on Monday, as the world’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that is expected to knock global economic growth. FILE PHOTO: China Shipping containers sit on a ship in the Port…
[ad_1] MINNEAPOLIS/NEW YORK (Reuters) – With the Chinese billionaire Richard Liu at her Minneapolis area apartment, a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him. JD.com founder Richard Liu, also known as Qiang…
[ad_1] WASHINGTON (Reuters) – U.S. tariffs that hit some $200 billion worth of Chinese products on Monday spare many high-profile consumer technology items such as “smart” watches and speakers, but the less flashy home modems, routers and internet gateways that make them work weren’t so lucky. FILE PHOTO: U.S. President Donald Trump delivers his speech…
[ad_1] SINGAPORE (Reuters) – Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer. FILE PHOTO: A view of Uber and Grab offices in Singapore March 26,…
[ad_1] BEIJING (Reuters) – The United States and China imposed fresh tariffs on each other’s goods on Monday, as the world’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets. FILE PHOTO: China Shipping containers sit on a ship in the Port of Los Angeles…
[ad_1] SYDNEY (Reuters) – Asia shares stumbled in holiday-thinned trading on Monday as China ramped up trade tensions by cancelling upcoming tariff talks with the United States, while oil prices jumped after top producers ruled out boosting crude output. A man walks in front of a screen showing today’s movements of Nikkei share average outside…
[ad_1] BEIJING (Reuters) – The United States and China are set to impose new tit-for-tat tariffs against each other’s goods on Monday, the latest escalation in a heated trade war between the world’s two largest economies. FILE PHOTO: China Shipping containers sit on a ship in the Port of Los Angeles after being imported to…
[ad_1] SYDNEY (Reuters) – Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output. A man walks in front of a screen showing today’s movements of Nikkei…
[ad_1] WASHINGTON (Reuters) – The White House will hold a meeting on Monday on U.S. government efforts to boost quantum information science, with administration officials, leading companies including Alphabet Inc (GOOGL.O), IBM Corp (IBM.N), JPMorgan Chase & Co (JPM.N) and academic experts taking part. FILE PHOTO: A Google logo in an office building in Zurich…
[ad_1] SYDNEY (Reuters) – The safe haven yen gained on Monday in holiday-thinned trading as China canceled upcoming tariff talks with the United States, ratcheting up tensions while oil prices jumped after top producers including Russia ruled out boosting crude output. A man walks in front of a screen showing today’s movements of Nikkei share…
[ad_1] (Reuters) – Global advertising expenditure is predicted to reach $581 billion at the end of 2018, with most of the growth coming from sponsored content in search engines and social media ads, according to industry forecaster Zenith. Zenith, owned by France’s Publicis, raised its forecast for global advertising spending growth to 4.5 percent from…
[ad_1] FRANKFURT (Reuters) – Spending on digital marketing grew by 44 percent last year in the United States and Britain to $52 billion, a study has found, estimating that global outlays on such tactics are approaching $100 billion. FILE PHOTO: A man uses a smartphone in New York City, in this picture taken November 6,…
[ad_1] MONTREAL (Reuters) – U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. Prime Minister of Canada Justin Trudeau waits for the Prime Minister of…
[ad_1] U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major UN meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end of September, negotiators are…
[ad_1] (Reuters) – The world’s largest advertising company WPP Plc’s (WPP.L) is preparing to consolidate some of its businesses in a bid to keep pace with the industry’s digital shift, the Wall Street Journal reported on Sunday. FILE PHOTO: A logo hangs on the wall outside the WPP offices in London, Britain April 30, 2018.…
[ad_1] COPENHAGEN (Reuters) – The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank’s (DANSKE.CO) Estonian branch, which is at the center of a major money laundering scandal, it said on Sunday, confirming a report in Financial Times. FILE PHOTO: Danske Bank sign is…
[ad_1] LONDON/NEW YORK (Reuters) – U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in…
[ad_1] With less than a month until federal legislation makes recreational cannabis legal in Canada, experts say gaps in understanding about the drug and impairment remain the biggest challenge facing employers preparing for the change. Before Oct. 17, experts say workplaces should update substance use policies to include cannabis. Éric Courcelles, director of strategy for…
[ad_1] If it’s true that the era of mega oilsands projects is coming to an end, one proposed project stands as an outlier. On the heels of the grand opening this month of Suncor’s $17-billion Fort Hills facility, another proposed mega-mine promises to employ thousands, invest billions and challenge prevailing views that the big mine is dead. Teck Resources Ltd.’s Frontier mine…
[ad_1] LONDON (Reuters) – Decades of falling interest rates have led to a sharp increase in the number of “zombie” firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising. The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July…
[ad_1] FRANKFURT (Reuters) – Siemens (SIEGn.DE) said its boss Joe Kaeser met Iraq’s prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation’s power production. Siemens CEO Joe Kaeser addresses a news conference in Munich, Germany, August 2, 2018. REUTERS/Michael Dalder The German engineering group said it…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. A Porsche logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt Volkswagen has admitted to deliberately cheating…
[ad_1] FRANKFURT (Reuters) – German engineering group Siemens (SIEGn.DE) is working on a deal worth up to 9 billion euros ($10.6 billion) to supply energy generation technology to Iraq, business daily Handelsblatt reported, citing government and industry sources. People pass Siemens flags ahead of the company’s annual shareholders meeting in Munich, Germany, January 31, 2018.…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. A Porsche logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt Volkswagen has admitted to deliberately cheating…
[ad_1] LONDON (Reuters) – Royal Dutch Shell pioneered Nigeria’s oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fueled violence. A view shows the Bonny oil terminal in…
[ad_1] BODO, Nigeria (Reuters) – Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades. An overview of the Niger delta where signs of oil spills can…
[ad_1] SEOUL/TOKYO (Reuters) – A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump’s tariffs on Chinese imports. FILE PHOTO: Mobile memory chips made by chipmaker SK Hynix are…
[ad_1] LONDON (Reuters) – Britain could see widespread medicine shortages if there is no deal to prevent friction at the border with the European Union after Brexit, the AstraZeneca chief executive told the Sunday Times. FILE PHOTO: A sign is seen at an AstraZeneca site in Macclesfield, central England May 19, 2014. REUTERS/Phil Noble/File Photo…
[ad_1] FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit’s chief executive told a weekly newspaper, responding to ever tougher requirements to curb CO2 emissions. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit,…
[ad_1] LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown…
[ad_1] LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) expects Sky’s (SKYB.L) independent directors to recommend Comcast’s (CMCSA.O) $39 billion bid, after which Fox will concede defeat in the battle for the British broadcaster, a source with knowledge of the matter told Reuters. FILE PHOTO: The 21st Century Fox logo is displayed on the…
[ad_1] LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown…
[ad_1] LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) after offering around 30 billion pounds ($39 billion) for the British broadcaster in a rare auction to decide the fate of the pay-television group. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller…
[ad_1] A U.S. law firm is seeking to launch a class-action lawsuit on behalf of fans who purchased inflated resale tickets through Ticketmaster, alleging the company runs a professional scalper program that may have violated consumer rights. The effort by Hagens Berman follows a CBC News/Toronto Star investigation that found Ticketmaster representatives at a Las…
[ad_1] WASHINGTON (Reuters) – The U.S. airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate “reasonable and proportional” baggage and change fees, but included other new passenger protections. Airlines workers check passengers in for flights at the ticket counter at Dulles International Airport in Dulles, Virginia, U.S. September 24,…
[ad_1] LONDON (Reuters) – BT Group (BT.L) is in advanced talks to appoint payment technology provider Worldpay’s (WP.N) outgoing co-chief executive Philip Jansen as its new CEO, Sky News reported on Saturday. British Telecom (BT)’s headquarters is seen in central London, Britain May 10, 2018. REUTERS/Hannah McKay Worldpay said on Wednesday that Jansen would step…
[ad_1] COPENHAGEN/LONDON (Reuters) – Danske Bank’s (DANSKE.CO) money laundering scandal spread on Friday to Britain where the National Crime Agency (NCA) said it is investigating the use of UK-registered companies. Concern about the extent of possible money laundering involving Danske Bank’s Estonian branch is mounting and European Union Competition Commissioner Margrethe Vestager joined a growing…
[ad_1] PARIS (Reuters) – Longchamp, one of France’s leading handbag makers, is increasing its presence in China and the United States to boost its sales, its CEO said, betting on celebrity tie-ups and its online platforms to revive sluggish growth. FILE PHOTO: Pliage bags of French luxury brand Longchamp are seen in a shop during…
[ad_1] SHANGHAI (Reuters) – China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. Chinese Vice Premier Liu He in Shanghai, China September 17, 2018. REUTERS/Aly Song The Wall Street Journal said a mid-level delegation was due…
[ad_1] (Reuters) – The U.S. Equal Employment Opportunity Commission on Friday filed a lawsuit accusing Walmart Inc of forcing pregnant workers at a Wisconsin warehouse to go on unpaid leave and denying their requests to take on easier duties. FILE PHOTO: The logo of Walmart is seen outside of a new Walmart Store in San…
[ad_1] PARIS/NEW YORK (Reuters) – Farfetch (FTCH.N) priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands. FILE PHOTO – Branding for online fashion house Farfetch is seen…
[ad_1] OSLO (Reuters) – Nasdaq’s Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday. A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon…
[ad_1] (Reuters) – General Electric Co (GE.N) said on Friday that turbine blade oxidation which forced Exelon Corp (EXC.N) to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE’s ailing power unit. The logo of General Electric Co. is pictured at the Global…
[ad_1] SAN FRANCISCO (Reuters) – Apple Inc’s (AAPL.O) latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp (INTC.O) and Toshiba (6502.T) among others, according to two firms that cracked open the iPhone Xs and Xs Max models. Boxes of iPhones purchased by customers are pictured next to an iPhone…
[ad_1] NEW YORK (Reuters) – An overhaul of Wall Street’s technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] NEW YORK (Reuters) – Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank’s collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis. FILE PHOTO: The Lehman…
[ad_1] MEXICO CITY (Reuters) – Mexico’s incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday. Mexico’s President-elect Andres Manuel Lopez Obrador speaks during a rally as part of a tour to thank supporters for his…
[ad_1] Shoppers Drug Mart has received Health Canada’s approval to be a licensed medical marijuana producer, opening the door for the pharmacy giant to dispense medical cannabis to patients. This comes after Shoppers applied to Health Canada to become a licensed medical marijuana producer in October 2016. “As trusted medication experts, we believe pharmacists have…
[ad_1] (Reuters) – United Airlines (UAL.O) pilots said they refuse to budge on the wording of their contract governing the outsourcing of regional flights. FILE PHOTO: A United Airlines Boeing 767-400ER aircraft takes off from Zurich Airport January 9, 2018. REUTERS/Arnd Wiegmann/File Photo President of the U.S. No. 3 carrier, Scott Kirby, has called for…
[ad_1] NEW YORK (Reuters) – Industrials led the Dow to a new closing high on Friday ahead of Monday’s major sector reshuffle, capping a week that largely shrugged off trade worries. Trading volume spiked to the highest level since Feb. 9 in anticipation of the S&P 500 sector change, when telecoms will be folded into…
[ad_1] NEW YORK (Reuters) – The U.S. dollar rebounded and world shares hit a six-month high on Friday after China’s moves to boost domestic consumption bolstered a rally driven by investor bets that the latest U.S.-China trade dispute was unlikely to dent global growth. Traders work on the floor of the New York Stock Exchange…
[ad_1] NEW YORK (Reuters) – Industrials led the Dow to a new closing high on Friday ahead of Monday’s major sector reshuffle, capping a week in which investors largely shrugged off trade worries. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid The…
[ad_1] Privacy experts say they’re concerned life-insurance programs that reward customers for behaviours like logging their activity using a fitness tracker could have unintended consequences for the safety of their personal data. Insurance giant John Hancock, owned by Canadian company Manulife Financial Corp., announced Thursday a switch to “interactive” life-insurance policies only, which offer incentives for things like wearing a…
[ad_1] NEW YORK (Reuters) – Blackstone Group LP (BX.N), the world’s largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded…
[ad_1] WASHINGTON (Reuters) – The United States is getting “very, very close” to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018.…
[ad_1] WASHINGTON (Reuters) – The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said on Friday. FILE PHOTO: A worker places…
[ad_1] (Reuters) – The S&P 500 and the Dow touched record highs for the second straight day, while the tech-heavy Nasdaq dipped in heavy trading on Friday, largely related to Wall Street’s sector reshuffling and “quadruple witching” expirations. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September…
[ad_1] LONDON (Reuters) – Comcast (CMCSA.O) and Twenty-First Century Fox (FOXA.O) face a quick-fire auction for British broadcaster Sky (SKYB.L) on Saturday after neither side backed down in a drawn-out $34 billion battle. FILE PHOTO – The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake…
[ad_1] (Reuters) – Apple Inc’s (AAPL.O) latest iPhones use components made by Intel Corp (INTC.O), Micron Technology (MU.O) and Toshiba (6502.T) among others, according to a firm that cracked open iPhone XS and XS Max. Boxes of iPhones purchased by customers are pictured next to an iPhone XS on display at the Apple Store in…
[ad_1] (Reuters) – The U.S. Equal Employment Opportunity Commission on Friday filed a lawsuit accusing Wal-Mart Stores East LP of forcing pregnant workers at a Wisconsin warehouse to go on unpaid leave and denying their requests to take on easier duties. FILE PHOTO: A sign of Walmart is pictured at one of their stores in…
[ad_1] An air passenger rights advocate has filed a regulatory complaint against Swoop Inc. claiming the new low-cost airline is unlawfully charging baggage fees. In a complaint to the Canadian Transportation Agency, Gabor Lukacs says the commercial carrier is flouting Canadian law by failing to offer passengers a basic fare that includes a carry-on and…
[ad_1] (Reuters) – Apple Inc’s (AAPL.O) latest iPhones use components made by Micron Technology (MU.O) and Toshiba (6502.T) among others, according to a firm that cracked open iPhone XS and XS Max. Boxes of iPhones purchased by customers are pictured next to an iPhone XS on display at the Apple Store in Singapore September 21,…
[ad_1] (Reuters) – The benchmark S&P 500 and the Dow Jones Industrial Average touched record highs on Friday, their second session in a row, boosted by gains in the technology and consumer discretionary sectors. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 20, 2018. REUTERS/Brendan McDermid…
[ad_1] WASHINGTON (Reuters) – The United States is getting “very, very close” to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018.…
[ad_1] (Reuters) – A teardown of Apple Inc’s (AAPL.O) latest iPhones revealed chips from Micron Technology (MU.O) and Toshiba (6502.T) among others in the devices while there was no mention of Samsung (005930.KS), according to gadget repair firm iFixit. Boxes of iPhones purchased by customers are pictured next to an iPhone XS on display at…
[ad_1] COPENHAGEN/LONDON (Reuters) – Danske Bank’s (DANSKE.CO) money laundering scandal spread to Britain on Friday as the National Crime Agency (NCA) said it is investigating the use of UK-registered companies. Thomas Borgen, resigned CEO of Danske Bank before the press conference about the money laundering scandal in the bank in Tivoli Congress Center in Copenhagen,…
[ad_1] (Reuters) – Stock index futures handed back initial gains on Friday to point to a flat opening for U.S. markets, with the impact of a rise in oil prices on energy companies offset by a drop in chipmaker shares. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] LONDON (Reuters) – World shares hit their highest levels in more than six months on Friday as investors took the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in…
[ad_1] LONDON/COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) money laundering scandal spread on Friday as Britain’s National Crime Agency (NCA) said it is investigating the use of UK-registered companies. Thomas Borgen, resigned CEO of Danske Bank before the press conference about the money laundering scandal in the bank in Tivoli Congress Center in Copenhagen, Denmark September…
[ad_1] (Reuters) – SandRidge Energy Inc (SD.N) said on Friday interim Chief Executive Officer William Griffin would not be a candidate for the position of CEO. An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange, January 11, 2013. REUTERS/Brendan McDermid/File Phoro However, Griffin would…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc (BBSI.O) and the company’s former controller, Mark Cannon, have agreed to settle civil charges of accounting fraud involving workers’ compensation. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC…
[ad_1] LONDON (Reuters) – World shares hit their highest levels in over six months on Friday, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in…
[ad_1] LONDON (Reuters) – Britain has opened an investigation into the use of UK-registered companies in suspected money laundering involving Denmark’s Danske Bank (DANSKE.CO), the National Crime Agency (NCA) said on Friday. Thomas Borgen, resigned CEO of Danske Bank before the press conference about the money laundering scandal in the bank in Tivoli Congress Center…
[ad_1] Justin Loizos is a cannabis convert. After dealing with chronic pain for years as a result of multiple sclerosis, he eventually found the medication he needs in the form of medical marijuana. He’s such a believer in the drug’s potential that he launched Just Cannabis, a dispensary providing medical marijuana to a small stable of clients in…
[ad_1] LONDON (Reuters) – Britain’s National Crime Agency (NCA) said on Friday that it was aware of the use of UK-registered companies in connection with Danske Bank’s Estonian branch which is at the center of a money-laundering scandal and had opened an investigation. Thomas Borgen, resigned CEO of Danske Bank before the press conference about…
[ad_1] TOKYO (Reuters) – Asian stocks extended gains on Friday thanks to Wall Street scoring all-time highs, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. A man walks past an electronic stock quotation board outside a brokerage in…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo As of June…
[ad_1] WASHINGTON (Reuters) – Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast. FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee…
[ad_1] CLAYTON, N.C. (Reuters) – Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc (CAT.N) is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old. Employees work at Caterpillar’s small wheel loader assembly plant in Clayton, North…
[ad_1] (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay The value of the deal is not known, Bloomberg…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google gave details about its policies for third-party Gmail add-ons but stopped short of fully addressing questions from U.S. senators about developers who break its email-scanning rules. How user data flows between big technology platforms such as Google and Facebook Inc and their partners has faced scrutiny around…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo As of June…
[ad_1] WASHINGTON (Reuters) – Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said. FILE PHOTO: Canadian Foreign Minister Chrystia Freeland takes part in a news conference at the Embassy of…
[ad_1] SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. President Donald Trump in the 2016 race. The logo of Facebook is pictured during the Viva Tech start-up and technology…
[ad_1] (Reuters) – Walmart Inc (WMT.N) said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday. FILE PHOTO: A Walmart store is seen in Encinitas,…
[ad_1] TOKYO (Reuters) – Asian stocks extended gains on Friday after Wall Street’s S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing’s and Washington’s fresh exchange of import tariffs as less harmful than initially feared. A man walks past an electronic stock quotation board outside a brokerage in Tokyo,…
[ad_1] NEW YORK (Reuters) – Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street’s main indexes to fully regain ground since a correction that began in January. All three major U.S. indexes closed higher as trade worries subsided. Technology companies led the Nasdaq…
[ad_1] (Reuters) – Walmart Inc (WMT.N) has issued a warning in a letter to U.S. Trade Representative Robert Lighthizer that it may have to raise prices due to tariffs on Chinese imports, CNN Money reported. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike Blake/File Photo “The immediate impact will…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) vice president of global supply management, Liam O’Connor, has resigned, Bloomberg reported here, citing sources familiar with the matter. A newly installed car charger at a Tesla Super Charging station is shown in Carlsbad, California, U.S. September 14, 2018. REUTERS/Mike Blake The departure of O’Connor, who joined Tesla in…
[ad_1] (Reuters) – Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business. An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson The acquisition comes as the…
[ad_1] An arbitrator has released a ruling in a long-standing pay equity dispute at Canada Post that gives rural carriers a hefty pay increase. A spokesman for the Crown agency says a preliminary review of the ruling indicates rural and suburban postal workers, known as RSMCs, could see a 25-per-cent hike in their wages, plus…
[ad_1] Supermarket sales in Canada decreased by 2.9 per cent year over year between May 2017 and 2018, according to Statistics Canada, and traditional supermarkets are trying new tactics to attract business. Toronto resident C.J. Hall shops at the Loblaws near him for convenience and the social aspect. But he also shops at specialty shops…
[ad_1] WASHINGTON (Reuters) – American Airlines Group Inc said on Thursday it would raise domestic U.S. baggage fees by $5, joining major rivals in the price hike amid higher fuel costs. An American Airlines Airbus A321 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake…
[ad_1] (Reuters) – The New York State Court of Appeals on Thursday overturned a $115 million judgment against Samsung Electronics Co Ltd (005930.KS) over television patents. Visitors in front of a Samsung logo during the preview day of the IFA trade show for consumer electronics and home appliances, in Berlin, Germany August 30, 2018. REUTERS/Christian…
[ad_1] A week ago rumors were flying that Adobe would be buying Marketo, and lo and behold it announced today that it was acquiring the marketing automation company for $4.75 billion. It was a pretty nice return for Vista Equity partners, which purchased Marketo in May 2016 for $1.8 billion in cash. They held onto…
[ad_1] NEW YORK (Reuters) – World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week’s fresh U.S. and Chinese tariffs on imports as less harsh than initially feared. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Hackers have stolen $60 million US worth of cryptocurrencies from a Japanese digital currency exchange, the operators said Thursday. Tech Bureau Corp. said a server for its Zaif exchange was hacked for two hours last week, and some digital currencies got unlawfully relayed from what’s called a “hot wallet” — the place where virtual coins are…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo The reduction will reflect displacements as…
[ad_1] WASHINGTON (Reuters) – AT&T Inc on Thursday asked a federal appeals court to reject the Justice Department’s challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction. FILE PHOTO: A combination photo shows the Time Warner shares price at…
[ad_1] SEATTLE (Reuters) – Amazon.com Inc (AMZN.O) on Thursday introduced new Echo devices with more powerful audio in a bid to stay ahead of rivals Apple Inc (AAPL.O) and Alphabet Inc’s Google (GOOGL.O) in the nascent category for voice-controlled gadgets. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India,…
[ad_1] John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. The move by the 156-year-old insurer, owned by Canada’s Manulife Financial Corp, marks a…
[ad_1] (Reuters) – Alphabet Inc’s Google told U.S. senators that the company continues to allow developers to scan and share data from Gmail accounts, according to a letter made public Thursday. A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song Google defended its privacy…
[ad_1] (Reuters) – The S&P 500’s three-company telecommunications services index .SPLRCL is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth sectors. FILE PHOTO: The AT&T logo is seen on a monitor near traders on the floor…
[ad_1] Torstar Corp. announced Thursday that it has signed an agreement to purchase some assets of Ottawa–based political website iPolitics Inc. The deal is expected to close on or around October 1. In a written statement about the purchase, Torstar President and CEO John Boynton praised iPolitics for its “proven record of providing extensive online coverage of federal and provincial politics…
[ad_1] (Reuters) – Prosecutors are weighing whether to bring charges against Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the JD.com (JD.O) founder, according to a statement released on Thursday by the Hennepin County Attorney’s Office. FILE PHOTO: Richard Liu, CEO and founder…
[ad_1] (Reuters) – Carmaker Volkswagen AG (VOWG_p.DE) rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at…
[ad_1] Graph databases have always been useful to help find connections across a vast data set, and it turns out that capability is quite handy in artificial intelligence and machine learning too. Today, Neo4j, the makers of the open source and commercial graph database platform, announced the release of Neo4j 3.5, which has a number…
[ad_1] WASHINGTON (Reuters) – U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy. A home for sale is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in…
[ad_1] MariaDB, the company behind the eponymous MySQL drop-in replacement database, today announced that it has acquired Clusterix, which itself is a MySQL drop-in replacement database, but with a focus on scalability. MariaDB will integrate Clusterix’s technology into its own database, which will allow it to offer its users a more scalable database service in the…
[ad_1] (Reuters) – U.S. stocks rose at the open with the S&P 500 hitting a record high on Thursday, helped by a bounce back in technology stocks and relief that fresh U.S. and China tariffs were less damaging than feared. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – U.S. stock index futures pointed to a higher opening on Thursday, extending a bounce since the latest blows in the U.S.-China trade spat this week on the back of a recovery for technology stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 18,…
[ad_1] WASHINGTON, Sept 20 (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida Initial claims for state unemployment…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. FILE PHOTO: Two persons pass the logo of the Organization of the Petroleoum Exporting Countries (OPEC) in front of OPEC’s headquarters in Vienna, Austria June 19, 2018.…
[ad_1] LONDON (Reuters) – Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. FILE PHOTO: Andy Palmer, CEO of Aston Martin, poses for a photograph next to…
[ad_1] BRUSSELS (Reuters) – Facebook (FB.O) and Twitter (TWTR.N) face sanctions unless they comply with European consumer rules by the end of the year, the EU said as its regulators continue to their crackdown on U.S. social media giants over privacy concerns. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection…
[ad_1] SAN FRANCISCO (Reuters) – Scooter- and bike-rental startup Lime is expanding to dozens more cities this year, its CEO said, leveraging the hundreds of millions of dollars in funding it has raised in an effort to dominate the North American and European markets. FILE PHOTO – Bike-sharing service Lime E bicycles are pictured in…
[ad_1] (Reuters) – Britain’s takeover regulator has taken the rare step of settling the battle for European broadcaster Sky Plc (SKYB.L) through an auction procedure after competing bids from Comcast (CMCSA.O) and Twenty-First Century Fox (FOXA.O) remained in place. FILE PHOTO: A British Sky Broadcasting Group (BSkyB) logo is seen at the company’s UK headquarters…
[ad_1] ZURICH/LONDON (Reuters) – Nestle (NESN.S) put its skin health unit up for sale on Thursday, as the maker of Nescafe and Perrier water ditches underperforming businesses and seeks to fend off criticism from an activist investor demanding an overhaul. FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General…
[ad_1] The National Energy Board has found hundreds of parts currently being used on major oil and gas pipelines are not as strong as previously thought and could expand or break if put under enough pressure. The parts are pipeline fittings, similar to those found in home plumbing such as elbows, tees and reducers, however…
[ad_1] Getting paid to smoke pot is no longer a toker’s daydream. A cannabis firm is looking to hire five pot aficionados from across the country to sample the company’s wares and get paid to do it. Toronto-based company AHLOT is offering up to $1,000 a month to five “cannabis connoisseurs” to sample various strains…
[ad_1] LONDON (Reuters) – Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation. FILE PHOTO: Andy Palmer, CEO of Aston Martin, poses for a…
[ad_1] SHANGHAI (Reuters) – Asian stocks edged higher on Thursday and European markets looked set to follow as investors bet that robust U.S. economic growth will offset the drag from the Sino-U.S. trade war for a while longer. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in…
[ad_1] LONDON (Reuters) – Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation. An Aston Martin logo is seen at a dealership in central…
[ad_1] ZURICH (Reuters) – Nestle (NESN.S) said on Thursday it was exploring strategic options for its skin health business, saying it believes the unit might be better off outside of the Swiss food maker. FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne, Switzerland…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided. The tech-heavy Nasdaq .IXIC ended the session slightly lower. Financial companies .SPSY rose 1.8 percent,…
[ad_1] SHANGHAI (Reuters) – Asian stocks followed global indexes higher on Thursday, as investors took a less bearish view on the impact of the U.S.-China trade war on markets, a sharp contrast to dim expectations economists had on U.S. growth amid the worsening tensions. FILE PHOTO: An investor looks at an electronic board showing stock…
[ad_1] TIANJIN, China (Reuters) – Jack Ma, co-founder of Chinese e-tech giant Alibaba Group Holding Ltd (BABA.N), said on Thursday that people should make preparations for 20 years of China-U.S. trade frictions. Alibaba Group co-founder and executive chairman Jack Ma attends the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song…
[ad_1] WASHINGTON (Reuters) – A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths. General Motors Co. headquarters is seen in Detroit, Michigan, September 17, 2015. REUTERS/Rebecca Cook U.S. District Judge Alison…
[ad_1] (Reuters) – British American Tobacco Plc (BATS.L) said on Wednesday its board has identified a lead candidate to succeed Chief Executive Nicandro Durante, who has said he intends to retire on April 1, 2019, after nearly 37 years with the company. File Picture: The German production site of the British American Tobacco Cigarette Factory…
[ad_1] (Reuters) – Alibaba (BABA.N) Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday. Ma has already warned that the trade war between the world’s two largest economies could last decades and…
[ad_1] (Reuters) – Volkswagen AG (VOWG_p.DE) will end almost of all its operations in Iran, Bloomberg reported on Wednesday, citing a U.S. official who led the discussions with the carmaker. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S.,…
[ad_1] SHANGHAI (Reuters) – Asian stocks rose in early trade on Thursday following a second day of gains on global share markets amid easing investor concern over the impact from the U.S.-China trade war, but markets remained cautious. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in…
[ad_1] BENGALURU (Reuters) – The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy. FILE PHOTO: China Shipping containers sit on a ship in…
[ad_1] After five months in public beta, Google today announced that its Cloud Memorystore for Redis, its fully managed in-memory data store, is now generally available. The service, which is fully compatible with the Redis protocol, promises to offer sub-millisecond responses for applications that need to use in-memory caching. And because of its compatibility with Redis,…
[ad_1] WASHINGTON/OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. FILE PHOTO: Canada’s Prime Minister Justin Trudeau answers questions from…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump intends to nominate former Federal Reserve economist Nellie Liang to the U.S. central bank’s board of governors, the White House said on Wednesday. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Earlier, two White House officials speaking…
[ad_1] (Reuters) – Alibaba (BABA.N) Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday. Ma had met U.S. President Donald Trump two years ago and laid out the Chinese e-commerce giant’s plan…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday nominated former Federal Reserve economist Nellie Liang to the U.S. central bank’s board of governors, two White House officials said. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Liang established the Fed’s Division of Financial…
[ad_1] Shares in Canadian marijuana company Tilray Inc. were halted on the Nasdaq Wednesday after they doubled in two days. Tilray shares soared one day after the licensed producer said it got approval from the U.S. Drug Enforcement Administration to export a cannabis drug to California for a clinical trial. The New York-based stock exchange temporarily…
[ad_1] NEW YORK (Reuters) – The most significant changes to Wall Street’s broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the “tech” rally that has fueled the stock bull market. Facebook, Twitter, Netflix and Google logos are seen in this combination…
[ad_1] Pictures of a giant typo on a Cathay Pacific jet in Hong Kong have been making the rounds online, but the company is keeping its sense of humour. The images, which were first circulated among a group of Hong Kong aviation enthusiasts, show one of the airline’s new planes on the ground at Hong…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported here on Wednesday, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen at the company’s logistics centre in Boves, France, August 8,…
[ad_1] NEW YORK (Reuters) – World stock markets broadly rose for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would inflict less damage than feared. Traders work on the floor of the New York Stock…
[ad_1] (Reuters) – The U.S. Securities and Exchange Commission on Wednesday sued the founder and former chief executive of Sientra Inc (SIEN.O) for fraudulently concealing problems with his company’s breast and other implants as it was raising $61.4 million in a public stock offering. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission…
[ad_1] WASHINGTON/OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. FILE PHOTO: Canada’s Prime Minister Justin Trudeau answers questions from…
[ad_1] (Reuters) – Nike Inc (NKE.N) has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company’s online sales from Thomson Reuters Proprietary Research. FILE PHOTO: Former San Francisco quarterback Colin Kaepernick appears as a face of Nike…
[ad_1] GitLab, the developer service that aims to offer a full lifecycle DevOps platform, today announced that it has raised a $100 million Series D funding round at a valuation of $1.1 billion. The round was led by Iconiq. As GitLab CEO Sid Sijbrandij told me, this round, which brings the company’s total funding to $145.5 million,…
[ad_1] A former sales executive is suing Spotify for gender discrimination and equal pay violations, saying executives organized “boys’ trips” that excluded women and that the company paid men more for the same work. The executive, Hong Perez, sued the music streaming company and its head of U.S. sales, Brian Berner, in New York State…
[ad_1] WASHINGTON/OTTAWA (Reuters) – Canada said on Wednesday that it would need to see movement from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. FILE PHOTO: Canada’s Prime Minister Justin Trudeau answers questions from the media…
[ad_1] Salespeople usually spend their days talking. They are on the phone and in meetings, but when it comes to updating Salesforce, they are back at the keyboard again typing notes and milestones, or searching for metrics about their performance. Today, Salesforce decided to change that by introducing Einstein Voice, a bit of AI magic…
[ad_1] British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the “Wild West.” In a report on digital currencies published Wednesday, the Treasury Select Committee called for regulations to protect consumers and prevent money laundering. Lawmakers highlighted…
[ad_1] NEW YORK (Reuters) – World stock markets broadly rose for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows, on bets the ongoing U.S.-China trade spat would inflict less damage than feared. A broker looks at a graph on his computer screen…
[ad_1] Leena AI, a recent Y Combinator graduate focusing on HR chatbots to help employees answer questions like how much vacation time they have left, announced a $2 million seed round today from a variety of investors. Company co-founder and CEO Adit Jain says the seed money is about scaling the company and gaining customers. They…
[ad_1] (Reuters) – Goldman Sachs (GS.N) is in advanced talks with several financial companies to spin off ‘Simon’, its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on…
[ad_1] (Reuters) – John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. FILE PHOTO: Fitbit Blaze watches are displayed during the 2016 CES trade…
[ad_1] HONG KONG (Reuters) – Tencent Music Entertainment Group, China’s biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the deal, down from the up to $4 billion that had been touted earlier. FILE PHOTO: Visitors use their smartphones underneath the logo of Tencent…
[ad_1] TIANJIN, China (Reuters) – China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies. Addressing a World Economic Forum event in the port…
[ad_1] BRUSSELS (Reuters) – McDonald’s (MCD.N) tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators ruled on Wednesday, saying the reason the U.S. fast food chain did not pay some taxes was due to the mismatch between U.S. and Luxembourg laws. FILE PHOTO: A sign for the U.S. fast food…
[ad_1] LONDON (Reuters) – Global equities rallied for a second straight day on Wednesday while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating U.S.-China trade spat would inflict less damage than feared. A broker looks at a graph on his computer screen on the…
[ad_1] LONDON (Reuters) – Mars Wrigley Confectionery launched a new sustainability strategy on Wednesday with the aim of combating deforestation, child labor and poverty in what it called the “broken” cocoa supply chain. Snickers bars are seen in this picture illustration taken February 23, 2016. REUTERS/Dado Ruvic/Illustration U.S.-based Mars, the maker of M&Ms and Snickers,…
[ad_1] IBM has launched a software service that scans AI systems as they work in order to detect bias and provide explanations for the automated decisions being made — a degree of transparency that may be necessary for compliance purposes not just a company’s own due diligence. The new trust and transparency system runs on…
[ad_1] Less than a month after saying it wouldn’t increase its offer to buy the equity it doesn’t own in three North American subsidiaries, Calgary-based Enbridge Inc. is doing just that. The pipeline, utility and power company announced Tuesday it would increase the offers it made last May for Enbridge Income Fund Holdings Inc. by…
[ad_1] The number of new mortgages taken up in Canada in the second quarter of the year fell by 3.4 per cent compared to a year earlier, according to credit agency TransUnion, and younger borrowers seemed particularly discouraged from entering the housing market.. There was a decrease of 18 per cent in millennial borrowers (aged…
[ad_1] Who will win the escalating trade dispute between the United States and China? According to Canadian experts on China and trade, the only thing that’s certain is that people in both countries would lose from a full-blown trade war. Despite the dire consequences for each side, it is not entirely clear that either country will readily concede…
[ad_1] Box-office giant Ticketmaster is recruiting professional scalpers who cheat its own system to expand its resale business and squeeze more money out of fans, a CBC News/Toronto Star investigation reveals. In July, the news outlets sent a pair of reporters undercover to Ticket Summit 2018, a ticketing and live entertainment convention at Caesars Palace in Las Vegas. Posing as…
[ad_1] Fed up with a lack of action on the rising tide of plastic pollution, a growing number of Canadian consumers and businesses are launching their own crackdowns. “We can’t wait for policies about using single-use plastics,” said Sophie Jacazio, standing in the kitchen of the high-rise apartment she shares with a roommate in Toronto.…
[ad_1] TOKYO (Reuters) – Asian stocks rose across the board on Wednesday as expectations that Beijing would implement stimulus to soften the economic blow from the Sino-U.S. trade war helped Chinese shares rally. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a business district in Tokyo, Japan…
[ad_1] HANGZHOU, China (Reuters) – Alibaba Group Holding Ltd (BABA.N) will set up a dedicated chip subsidiary and aims to launch its first self-developed AI inference chip in the second half of 2019 that could be used for autonomous driving, smart cities and logistics. Alibaba Group co-founder and executive chairman Jack Ma attends the WAIC…
[ad_1] TIANJIN, China (Reuters) – China will not engage in competitive currency devaluations, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies. Chinese Premier Li Keqiang meets with the World Intellectual Property Organization…
[ad_1] PARIS (Reuters) – Renault, Volkswagen (VOWG_p.DE) and Fiat Chrysler led a 29.8 percent European car sales surge last month, the main regional industry body said, as automakers used discounts to clear inventory ahead of tougher emissions tests. FILE PHOTO: New Volkswagen cars are seen at the Berlin Brandenburg international airport Willy Brandt (BER) in…
[ad_1] WUXI, China/LONDON (Reuters) – With smart cancer diagnostics, one-stop-shop diabetes kits and AI systems to improve ambulance pick-ups for patients with chest pain, AstraZeneca (AZN.L) aims to move from simply supplying drugs to become a broad healthcare provider in China. A sign is seen at an AstraZeneca site in Macclesfield, central England May 19,…
[ad_1] TIANJIN, China (Reuters) – China’s Premier Li Keqiang said on Wednesday that multi-lateralism should be upheld, and that unilateral trade actions will not solve any problems. Chinese Premier Li Keqiang speaks during a news conference at the 7th Summit of Heads of Government of CEEC and China in Sofia, Bulgaria, July 7, 2018. REUTERS/Stoyan…
[ad_1] TOKYO (Reuters) – Asian stocks rose across the board and long-term U.S. Treasury yields hovered near four-month highs on Wednesday with investors looking past the latest escalation in the U.S.-China trade feud, seen by some market participants as less severe than expected. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average…
[ad_1] JAKARTA (Reuters) – Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed. FILE PHOTO: Vendors sit under umbrellas inside a wholesale flower market in Bengaluru, India, April 12, 2018. REUTERS/Abhishek N. Chinnappa/File…
[ad_1] NEW YORK (Reuters) – Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration…
[ad_1] NEW YORK/LONDON (Reuters) – China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United States into the world’s second-largest LNG seller. FILE PHOTO: A liquefied natural gas (LNG) storage facility of the…
[ad_1] MUMBAI/NEW DELHI (Reuters) – India’s largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank (PNBK.NS) from CAM’s premises in February, a lawyer representing the government and a police source told Reuters. People walk past Punjab…
[ad_1] TOKYO (Reuters) – Asian stocks rose and U.S. Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the U.S.-China trade conflict, seen by some market participants as less severe than expected. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at…
[ad_1] SHANGHAI (Reuters) – China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localization and accelerate the development of high-tech products, state media said. FILE PHOTO: A worker places U.S. and China flags near the Forbidden City…
[ad_1] At an event in Tokyo, Google today announced the launch of Work Insights, a new tool that gives businesses more insights into how their employees use the company’s G Suite productivity tools and how teams collaborate using those tools. In addition, Google is also launching its investigation tool for helping business better secure their…
[ad_1] COPENHAGEN (Reuters) – Danske Bank will on Wednesday lift the lid on how billions of euros from Russia and ex-Soviet states flowed through its accounts in Estonia, the latest scandal to highlight Europe’s inability to tackle alleged money-laundering. FILE PHOTO: Danske Bank sign is seen at the bank’s Estonian branch in Tallinn, Estonia August…
[ad_1] (Reuters) – Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric car maker private, the latest and biggest threat to Musk’s leadership. The Justice Department asked Tesla for documents about Musk’s announcement, Tesla said, describing it…
[ad_1] WASHINGTON (Reuters) – Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China’s ZTE Corp (0763.HK) (000063.SZ) if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company. FILE PHOTO: Visitors pass in front…
[ad_1] NEW YORK (Reuters) – WeWork Cos said it surpassed JP Morgan (JPM.N), the biggest U.S. bank, as the largest tenant of Manhattan office space, a milestone highlighting growing demand for flexible leases. A logo of U.S. co-working firm WeWork is pictured during a signing ceremony in Shanghai, China April 12, 2018. Jackal Pan via…
[ad_1] NEW YORK (Reuters) – Global equity markets rallied on Tuesday as the latest tit-for-tat U.S.-Chinese trade dispute was seen as barely denting world growth, while U.S. Treasury yields rose in anticipation the Federal Reserve will hike interest rates this year and next. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] LONDON (Reuters) – Nestle (NESN.S), Unilever (ULVR.L) (UNc.AS) and Coca-Cola (KO.N) are among bidders for GlaxoSmithKline’s (GSK.L) Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. FILE PHOTO: The GlaxoSmithKline (GSK) logo. March 21, 2018. REUTERS/Loriene Perera/File Photo Initial bids were due on Monday and…
[ad_1] NEW YORK (Reuters) – Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2018. REUTERS/Brendan McDermid All three major U.S. indexes closed higher…
[ad_1] NEW YORK (Reuters) – Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid Based on the latest available data, the…
[ad_1] Like virtually every other major tech company, Microsoft is currently on a mission to bring machine learning to all of its applications. It’s no surprise then that it’s also bringing ‘AI’ to its highly profitable Dynamics 365 CRM products. A year ago, the company introduced its first Dynamics 365 AI solutions and today it’s…
[ad_1] Welcome to The National Today newsletter, which takes a closer look at what’s happening around some of the day’s most notable stories. Sign up here and it will be delivered directly to your inbox Monday to Friday. TODAY: Why Ireland’s government doesn’t want the almost $22 billion in back taxes it has collected from Apple. The World Health…
[ad_1] Microsoft HoloLens mixed reality glasses have always been interesting technology, but it’s never been clear how the company would move from novelty device to actual viable business use cases. Today, it made a move toward the latter, announcing a couple of applications designed to put the HoloLens to work in Dynamics 365, giving it…
[ad_1] Tesla Inc. has turned over documents to the U.S. Justice Department after statements by CEO Elon Musk about taking the company private, the electric car maker confirmed Tuesday. The Palo Alto, California, company said it co-operated with the request and believes the matter should be resolved quickly once federal prosecutors review information they have…
[ad_1] NEW YORK (Reuters) – SeaWorld Entertainment Inc and former Chief Executive James Atchison will pay more than $5 million to settle U.S. Securities and Exchange Commission charges that they misled investors about the negative impact of the documentary “Blackfish” on the company. FILE PHOTO: The SeaWorld amusement park is pictured in Orlando, September 3,…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it received a request for documents from the U.S. Department of Justice over Chief Executive Elon Musk’s public statements in August about taking the electric carmaker private. FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island,…
[ad_1] (Reuters) – U.S. stocks rallied on Tuesday, led by gains in Apple and Amazon, as investors judged the latest tit-for-tat tariffs between the United States and China as less damaging than expected. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid The…
[ad_1] WASHINGTON/BEIJING (Reuters) – China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods. FILE PHOTO: A container truck moves past containers at the…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday, led by gains in Apple and Amazon, as investors judged the latest tit-for-tat tariffs between the United States and China as less damaging than expected. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid The…
[ad_1] Aurora Cannabis issued a statement early Tuesday saying it does not have a deal with Coke or any other beverage company to create cannabis-infused beverages. Aurora trading was halted in the morning after the stock rose 14 per cent to $10.40 on top of a spike Monday after reports it was in talks with…
[ad_1] There’s a new name atop the rankings of pot companies, as Nanaimo, B.C.-based Tilray Inc. has passed Smith Falls, Ont.-based Canopy Growth to become the most valuable cannabis company in the world. Tilray went public on the Nasdaq in July, and has since seen its shares rise more than eightfold from $17 US on its…
[ad_1] China on Tuesday announced a tariff hike on $60 billion of U.S. products in response to President Donald Trump’s latest duty increase in a dispute over Beijing’s technology policy. The announcement followed a warning by a U.S. business group that a “downward spiral” in their conflict appeared certain following Trump’s penalties on $200 billion…
[ad_1] BERLIN (Reuters) – The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany’s BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports. FILE PHOTO: A container truck moves past containers at the Yangshan Deep Water Port in…
[ad_1] UiPath is bringing automation to repetitive processes inside large organizations and it seems to have landed on a huge pain point. Today it announced a massive $225 million Series C on a $3 billion valuation. The round was led by CapitalG and Sequoia Capital. Accel, which invested in the companies A and B rounds…
[ad_1] Papa John’s, which wants to distance itself from founder John Schnatter, is releasing new ads Tuesday that replace him with a diverse group of franchisees. The commercials show several franchisees looking into the camera and introducing themselves to viewers. “You’ve heard one voice of Papa John’s for a long time,” one of them says,…
[ad_1] (Reuters) – U.S. stock index futures pointed to a higher open for Wall Street on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] PARIS (Reuters) – The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet’s Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market. A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17,…
[ad_1] (Reuters) – Visa Inc (V.N), Mastercard Inc (MA.N), and a number of U.S. banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments. A Mastercard logo is seen on a credit card in this picture illustration August 30,…
[ad_1] WASHINGTON (Reuters) – It is up to Beijing to take the next steps on trade talks, U.S. Commerce Secretary Wilbur Ross said on Tuesday as China vowed to retaliate after U.S. President Donald Trump imposed initial duties on $200 billion worth of Chinese goods. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross attends a cabinet…
[ad_1] BEIJING/WASHINGTON (Reuters) – China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The commerce ministry’s statement came hours after Trump said he was imposing 10…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators are investigating whether BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers. FILE PHOTO: A logo of the German luxury carmaker BMW is seen during the company’s annual news…
[ad_1] The Toronto Real Estate Board as of today must release sold prices and other real estate data to its members and allow them to make it public. TREB lost its long legal battle to prevent its members from making that information public on Aug. 23, when the Supreme Court turned down its request to appeal a ruling…
[ad_1] Buying a ticket for Saturday’s Bruno Mars concert in Toronto was probably never going to be cheap, but what many of the star’s 17,000 fans who scored a seat might not realize is it wasn’t just scalpers driving up prices. A CBC News and Toronto Star investigation reveals how box-office behemoth Ticketmaster uses its…
[ad_1] For years now, Canada’s cannabis companies have grown in size, soared in value and existed in a sort of ethereal middle ground waiting for that distant future when pot was legal. Now as legalization looms, one of the country’s biggest licensed producers is bracing for life on the other side of that legal divide — where promise and…
[ad_1] WASHINGTON/TIANJIN, China (Reuters) – China said on Tuesday it has no choice but to retaliate against new U.S. trade tariffs, risking even stronger action from President Donald Trump in an escalation of the trade war between the world’s largest economies. Beijing’s statement came hours after Trump imposed 10 percent tariffs on about $200 billion…
[ad_1] BEIJING (Reuters) – China has no choice but to retaliate against the latest U.S. tariffs and hopes the United States would correct its behavior, the commerce ministry said on Tuesday in a statement, without specifying what actions it will take. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10,…
[ad_1] TIANJIN, China (Reuters) – The impact on China’s economy from Beijing’s and Washington’s ongoing trade war is not significant, but the impact on stock and currency markets needs to be watched, an adviser to China’s central bank said on Tuesday. FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank…
[ad_1] BANGKOK (Reuters) – Struggling national carrier Thai Airways International PCL is pinning hopes of a revival to its 1990s heyday on a new leadership team, jet purchases and improving its brand as tourism booms in the region. FILE PHOTO: A Thai Airways Boeing 777-300ER plane takes off from Bangkok’s Suvarnabhumi Airport February 23, 2015.…
[ad_1] WASHINGTON/TIANJIN (Reuters) – U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. Trump also warned in a statement on Monday that if China takes retaliatory action against U.S. farmers…
[ad_1] TOKYO/SYDNEY (Reuters) – Asian shares fell and copper prices eased on Tuesday after Washington announced new tariffs on Chinese imports, inflaming trade tensions between the world’s two biggest economies. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, February 9, 2018. REUTERS/Toru Hanai U.S. stock futures took a…
[ad_1] SAN FRANCISCO (Reuters) – German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc, and highlighted a deal with Amazon.com Inc to make recharging its forthcoming e-tron models easier. An Audi logo is pictured during the Volkswagen Group’s…
[ad_1] HAWTHORNE, Calif. (Reuters) – SpaceX, Elon Musk’s space transportation company, on Monday named its first private passenger on a voyage around the moon as Japanese billionaire Yusaku Maezawa, the founder and chief executive of online fashion retailer Zozo. FILE PHOTO: Yusaku Maezawa, the chief executive of Zozo, which operates Japan’s popular fashion shopping site…
[ad_1] TIANJIN, China (Reuters) – The United State’s trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior securities market official said on Tuesday. FILE PHOTO: A worker places U.S. and China flags near the Forbidden City ahead of a visit by…
[ad_1] TIANJIN, China (Reuters) – The United State’s trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior Chinese securities market official said on Tuesday. FILE PHOTO: A worker places U.S. and China flags near the Forbidden City ahead of a visit…
[ad_1] HAWTHORNE, Calif. (Reuters) – SpaceX, Elon Musk’s space transportation company, on Monday named its first private passenger as Japanese businessman Yusaku Maezawa, the founder and chief executive of online fashion retailer Zozo. FILE PHOTO: Yusaku Maezawa, the chief executive of Zozo, which operates Japan’s popular fashion shopping site Zozotown and is officially called Start…
[ad_1] (Reuters) – The United States will spare Apple Inc’s Watch and other consumer gadgets from the latest round of tariffs on Chinese goods, according to a list of products released by the U.S. Trade Representative (USTR) on Monday. FILE PHOTO: Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018…
[ad_1] TOKYO (Reuters) – U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about $200 billion worth of Chinese imports. FILE PHOTO: A truck drives past Cosco and China Shipping shipping containers in the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple (AAPL.O) and Fitbit (FIT.N) and other consumer products such as bicycle helmets and baby car seats. Trump, in a statement announcing…
[ad_1] NEW YORK (Reuters) – While U.S. states’ financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday. FILE PHOTO: A U.S. five dollar note is seen in this illustration…
[ad_1] The Trump administration is imposing tariffs on $200 billion US more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and raising prices on consumer goods ranging from handbags to bicycle tires. The tariffs will start at 10 per cent and rise to 25 per cent starting…
[ad_1] (Reuters) – Health insurer Cigna Corp’s (CI.N) $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co has passed U.S. antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say will lead to lower costs by better coordinating pharmacy and medical benefits. FILE PHOTO: David Cordani, president…
[ad_1] LOS ANGELES (Reuters) – SpaceX, Elon Musk’s space transportation company, was set on Monday to name the first private passenger who will take a trip around the moon aboard its forthcoming Big Falcon Rocket spaceship, taking the race to commercialize space travel to new heights. FILE PHOTO: A SpaceX Falcon Heavy rocket lifts off…
[ad_1] A senior federal source says the Liberals are considering hiring a former top judge to guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn’t good enough and criticizing the…
[ad_1] (Reuters) – FedEx Corp (FDX.N) reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on margins. FILE PHOTO: A package of the FedEx courier delivery services company is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration The Memphis-based package delivery company’s net profit rose…
[ad_1] Quebec-based department store chain La Maison Simons has apologized for a recent ad campaign in which it used the name of Supreme Court Justice Beverley McLachlin and other Canadian women to sell lingerie. Earlier this month, Simons marketing material touted a new line of brassieres touting “strength and femininity,” and the names of the…
[ad_1] NEW YORK (Reuters) – A gauge of global equity markets eased and the dollar slipped on Monday as investors took a dim view of an expected new round of tariffs from Washington on Chinese goods, which would escalate a simmering U.S.-Sino dispute over trade. U.S. President Donald Trump said he would announce his latest…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Monday led by declines in Apple and Amazon as investors took profits ahead of President Donald Trump’s expected announcement of new tariffs on $200 billion of Chinese imports. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New…
[ad_1] (Reuters) – Coca Cola Co (KO.N) said on Monday it was looking closely at the growing marijuana-infused drinks market, responding to a media report that the world’s largest beverage maker was in talks with Canada’s Aurora Cannabis Inc (ACB.TO). The potential product tie-up, reported by Canadian financial channel BNN Bloomberg, could help Coke’s efforts…
[ad_1] SpaceX is on the verge of announcing the name of person who would be the first private passenger on a trip around the moon. The identity of the traveller will be revealed at SpaceX headquarters in Hawthorne, California, during an event Monday evening. Meet BFR’s first private passenger tomorrow at 6:00 p.m. PDT →…
[ad_1] Two retail companies want an Ontario court to allow them to exercise their co-tenancy rights and change their rental agreements at malls where failed anchor tenant Sears Canada left a vacancy. Gap Inc., which owns Gap, Banana Republic and Old Navy, and the Children’s Place filed notices of motion earlier this month asking the…
[ad_1] More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday highlighting the speed with which the labour market will change in coming years. The World Economic Forum estimates that machines will be responsible for 52 per cent…
[ad_1] (Reuters) – A slide in Apple and Amazon led the S&P 500 and Nasdaq indexes lower on Monday on expectations that President Donald Trump was about to go ahead with new tariffs on $200 billion of Chinese goods and that Beijing would retaliate. Traders work on the floor of the New York Stock Exchange…
[ad_1] Coca-Cola said on Monday it was closely watching the growing marijuana-infused drinks market, responding to a media report that the world’s largest beverage maker was in talks with Canada’s Aurora Cannabis Inc. The discussions over a possible product tie-up, first reported by Canadian financial channel BNN Bloomberg, could open a new front in Coke’s…
[ad_1] Activity in Canada’s housing market has picked up after a trough earlier in the year, but on a national level average prices are still barely higher than they were a year ago. The Canadian Real Estate Association, which represents 125,000 realtors across the country, said home sales increased by 0.9 per cent in August,…
[ad_1] (Reuters) – U.S. stock markets were lower on Monday as technology names such as Apple and Amazon.com fell, bearing the brunt of expectations President Trump will make good on threats to set new tariffs on $200 billion of Chinese goods, and that Beijing will retaliate. Traders work on the floor of the New York…
[ad_1] LONDON (Reuters) – Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies. FILE PHOTO: Pump jacks operate in front of a drilling rig in an…
[ad_1] (Reuters) – U.S. stock markets were set to open lower on Monday, with Apple and chipmakers bearing the brunt of expectations President Trump will make good on threats to set new tariffs on $200 billion of Chinese goods, and that Beijing will retaliate. Traders work on the floor of the New York Stock Exchange…
[ad_1] MILAN (Reuters) – Ferrari’s (RACE.MI) new boss has his work cut out on Tuesday to convince investors that the supercar maker can hit mid-term targets he described last month as “aspirational”. FILE PHOTO: The new Ferrari 488 Pista during a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6,…
[ad_1] (Reuters) – Tyson Foods Inc (TSN.N) on Monday said Chief Executive Officer Tom Hayes would leave the company and named long-time insider Noel White as his replacement. FILE PHOTO – Tom Hayes, President and CEO, Tyson Foods, speaks at the Milken Institute 21st Global Conference in Beverly Hills, California, U.S., May 1, 2018. REUTERS/Mike…
[ad_1] LONDON (Reuters) – Stock markets headed south on Monday as investors took fright at news that Washington was set to announce a new round of tariffs on Chinese goods in the latest escalation of their trade conflict. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September…
[ad_1] BEIJING (Reuters) – China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday. FILE PHOTO: Sports utility vehicles (SUVs)…
[ad_1] BURSSELS (Reuters) – EU antitrust regulators will decide by Oct. 19 whether to clear U.S. software giant Microsoft’s $7.5 billion acquisition of privately held coding website GitHub. FILE PHOTO: A Microsoft store is pictured in New York City, New York, U.S., August 21, 2018. REUTERS/Carlo Allegri/File Photo Microsoft, which wants to acquire the firm…
[ad_1] BEIJING (Reuters) – China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday. FILE PHOTO: Sports utility vehicles (SUVs)…
[ad_1] LONDON (Reuters) – European share markets followed Asian counterparts lower on Monday as investors took fright at news Washington was set to announce a new round of tariffs on Chinese goods in the latest escalation of their trade conflict. A woman struggles against strong wind caused by Typhoon Jebi, in front of an electronic…
[ad_1] BEIJING (Reuters) – Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies. FILE PHOTO: Pump jacks operate in front of a drilling rig in an…
[ad_1] BEIJING (Reuters) – Global oil prices edged up from early losses on Monday despite assurances from Washington that Saudi Arabia, Russia and the United States can raise output fast enough to offset falling supplies from Iran and elsewhere. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in…
[ad_1] In a phrase variously attributed to Oscar Wilde and George Bernard Shaw, the United States and Britain are “two countries divided by a common language.” When it comes to the word liberal, that must certainly be the case. As usual, many Canadians, caught between British and American definitions, are, quite reasonably, in a state of…
[ad_1] SYDNEY (Reuters) – Most Asian share markets slid on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. A woman struggles against strong wind caused by Typhoon Jebi, in front of an electronic stock quotation board in Tokyo, Japan,…
[ad_1] NEW YORK (Reuters) – Investors are banking on tame inflation and interest rates to support U.S. stock prices and help counter any concerns over an anticipated slowdown in corporate earnings growth next year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31, 2018. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) Chief Executive Officer Elon Musk on Sunday acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays, the latest speed bump in its efforts to achieve profitability. FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence,…
[ad_1] (Reuters) – Meredith Corp (MDP.N) said on Sunday it entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for $190 million in cash. The cover of Time magazine is seen at a news stand at Pennsylvania Station in New York U.S., November 9, 2016. REUTERS/Shannon Stapleton The…
[ad_1] SYDNEY (Reuters) – Most Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. A woman struggles against strong wind caused by Typhoon Jebi, in front of an electronic stock quotation board in Tokyo, Japan,…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) Chief Executive Officer Elon Musk on Sunday acknowledged that the company was facing more logistical problems now than production delays, in response to a customer complaint on delivery delay. FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S.,…
[ad_1] SHANGHAI (Reuters) – JD.com (JD.O) CEO Richard Liu will no longer attend a high-profile state-run tech forum in Shanghai this week – an absence that comes after he was arrested on suspicion of rape in the United States last month. FILE PHOTO: Richard Liu, CEO and founder of China’s e-commerce company JD.com, attends a…
[ad_1] BEIJING/SHANGHAI (Reuters) – Meituan Dianping, which raised $4.2 billion in its Hong Kong IPO, is one of China’s super-apps, with 340 million users ordering groceries, paying bills, renting bikes and booking hotels – but it is far from alone. FILE PHOTO: A company logo of China’s Meituan Dianping, an online food delivery-to-ticketing services platform,…
[ad_1] BEIJING (Reuters) – Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S.…
[ad_1] SYDNEY (Reuters) – Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. A woman struggles against strong wind caused by Typhoon Jebi, in front of an electronic stock quotation board in Tokyo, Japan, September…
[ad_1] A Toronto man says his “head exploded” when he learned he’d lost more than $60,000 from his retirement nest egg by paying fees for financial advice he never got — and that his broker isn’t legally allowed to provide. “Investors are getting screwed,” said Steve Pozgaj. Pozgaj, 65, is one of a growing number…
[ad_1] (Reuters) – Tesla Inc is bringing most collision repairs in-house, Chief Executive Officer Elon Musk said in a tweet on Sunday, saying owners of the vehicles were experiencing excessive wait times at body shops. FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S.,…
[ad_1] NEW YORK (Reuters) – A fire broke out at Tesla Inc’s (TSLA.O) Gigafactory in Nevada’s Tahoe-Reno Industrial Center late on Saturday but was contained by early Sunday and production had resumed, emergency officials and the company said. FILE PHOTO: An aerial view of the Tesla Gigafactory near Sparks, Nevada, U.S. August 18, 2018. REUTERS/Bob…
[ad_1] FRANKFURT (Reuters) – Germany’s transport minister is in talks with carmakers about how much money they should offer customers to exchange old diesel models for new cars, Frankfurter Allgemeine Zeitung reported. FILE PHOTO: Traffic signs which ban diesel cars are installed by workers at the Max-Brauer Allee in downtown Hamburg, Germany May 16, 2018.…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is considering shifting large volumes of assets from London to Frankfurt after the UK’s planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday. People are silhouetted next to the Deutsche Bank’s logo prior to…
[ad_1] WASHINGTON (Reuters) – The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials. FILE PHOTO: Shipping containers are seen at a port in…
[ad_1] BERLIN (Reuters) – Governments cannot completely prevent a repeat of events like the 2008 global financial crisis even though regulations have been tightened since the collapse of Lehman Brothers a decade ago, Germany’s top central banker told Bild newspaper. Germany’s Bundesbank President Jens Weidmann arrives to deliver a speech in Berlin, Germany, August 23,…
[ad_1] WASHINGTON (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon on Sunday said he regretted comments that he was “smarter” than U.S. President Donald Trump and could beat him in an election. FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit at the Kennedy…
[ad_1] It was a decade ago that the North American auto industry was sent into a tailspin after the Lehman Brothers bankruptcy triggered the largest global financial crisis since the Great Depression. It sent shockwaves through the many cities where car manufacturing and parts formed the backbone of the economy. To save the auto industry, the…
[ad_1] BEIJING (Reuters) – German automaker BMW (BMWG.DE) will recall more than 139,000 of its 3-series cars in China from Nov. 9, because of a defect in the air-conditioning system, the market regulator said. The BMW booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018.…
[ad_1] RIYADH (Reuters) – Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. FILE PHOTO: A property belonging to billionaire Maan al-Sanea is seen in Khobar in Saudi Arabia’s Eastern…
[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. Future price hike at Sobeys If you shop at Sobeys, your grocery bill might be getting more expensive. The grocery chain’s parent company said it will eventually pass on the higher cost of…
[ad_1] The school year may be two weeks old, but there’s still a buzz at one college in southern Ontario over a program not available anywhere else in the country. “I never thought five years ago, maybe even two years ago, that we’d be here in this classroom starting a course on commercial cannabis production,” said professor Bill MacDonald. MacDonald…
[ad_1] NEW YORK (Reuters) – German luxury vehicle maker BMW AG (BMWG.DE) plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and development chief told Reuters. FILE PHOTO: A logo of the German luxury carmaker…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. FILE PHOTO: China Shipping containers sit on a ship in the Port of Los Angeles after being imported to the U.S., California,…
[ad_1] WASHINGTON (Reuters) – President Donald Trump plans to announce new tariffs of about $200 billion on Chinese imports as early as Monday, the Wall Street Journal reported on Saturday. FILE PHOTO: China Shipping containers sit on a ship in the Port of Los Angeles after being imported to the U.S., California, October 7, 2010.…
[ad_1] ZURICH (Reuters) – Credit Suisse (CSGN.S) is aiming for an annual profit of 5 to 6 billion Swiss francs for the next two years as the bank puts its problems behind it, Chief Executive Tidjane Thiam told Swiss newspaper NZZ am Sonntag in an interview to be published on Sunday. FILE PHOTO: Switzerland’s national…
[ad_1] By now you’ve probably heard of the Defense Department’s massive winner-take-all $10 billion cloud contract dubbed the Joint Enterprise Defense Infrastructure (or JEDI for short).Star Wars references aside, this contract is huge, even by government standards.The Pentagon would like a single cloud vendor to build out its enterprise cloud, believing rightly or wrongly that…
[ad_1] Ten years ago oil was trading at more than $100 US per barrel, the loonie had risen well above parity with the U.S. dollar, and I Kissed a Girl had put Katy Perry on the map. It was also a decade ago today when the fourth biggest investment bank in the U.S. — Lehman Brothers — filed for the…
[ad_1] LONDON (Reuters) – Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Tehran and reduce its oil sales to zero. The national flags of Russia and Saudi Arabia are seen during a meeting of the…
[ad_1] WASHINGTON (Reuters) – The Communication Workers of America labor union, which opposes T-Mobile’s proposed purchase of rival Sprint, has written to all 50 state attorneys general to highlight potential job losses from the proposed deal as well as antitrust concerns. A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April…
[ad_1] TURIN, Italy (Reuters) – The home of Fiat bid farewell on Friday to Sergio Marchionne, one of the auto industry’s most exacting and determined leaders, who rescued the Italian car giant and U.S. Chrysler. FILE PHOTO: Chairman & CEO of Fiat Chrysler Sergio Marchionne speaks before attending a White House roundtable with senior executives…
[ad_1] NEW YORK (Reuters) – Allergan Plc (AGN.N) said revenue from its medical aesthetics business could double by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox. The Allergan logo is seen in this photo illustration November 23, 2015. REUTERS/Thomas White/Illustration/File Photo The drugmaker announced earlier on Friday the acquisition of…
[ad_1] WASHINGTON/OTTAWA (Reuters) – U.S. House of Representatives Democratic Leader Nancy Pelosi on Friday warned the Trump administration that NAFTA should be maintained as a trilateral pact between the United States, Mexico and Canada and not just as a U.S.-Mexico arrangement. FILE PHOTO: House Minority Leader Nancy Pelosi (D-CA) speaks during a press conference on…
[ad_1] WASHINGTON (Reuters) – The appointment of Mary Daly as the second-ever woman to head up the San Francisco Federal Reserve makes plain that some regional central banks continue to make strides in creating a diverse leadership as criticism intensifies about the Fed’s hiring policies while others fall behind. FILE PHOTO: San Francisco Federal Reserve…
[ad_1] FORT WAYNE, Ind. (Reuters) – Mary Daly, a labor economist who dropped out of high school, later earned a PhD from Syracuse University, joined the San Francisco Fed’s research department in 1996 and led it since 2017, was picked on Friday to be the bank’s next president after a five-month search. FILE PHOTO: San…
[ad_1] ALCANTARA SPACE CENTER, Brazil (Reuters) – Brazil is ready to launch small commercial rockets from its space base near the equator as soon as it agrees to safeguard U.S. technology that is dominant in the industry, the Brazilian Air Force officer managing the space program said on Friday. A view of Alcantara space center…
[ad_1] NEW YORK (Reuters) – U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the food company’s shareholders to vote in favor of two entirely different slates of board nominees. FILE PHOTO: Tins of Campbell’s tomato soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10,…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve faces a “quite challenging” period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday. FILE PHOTO: U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended little changed on Friday as financials .SPSY gained with bond yields, while news that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more of Chinese products limited gains. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] WASHINGTON (Reuters) – The U.S. Air Force said on Friday it had chosen Lockheed Martin (LMT.N) to build 22 next-generation Global Positioning System satellites worth up to $7.2 billion, part of a major effort to modernize the GPS constellation of satellites. FILE PHOTO: Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show…
[ad_1] (Reuters) – Activist investor Daniel Loeb’s Third Point LLC on Friday urged Campbell Soup Co’s (CPB.N) shareholders to vote in favor of the hedge fund’s nominees. FILE PHOTO: Tins of Campbell’s tomato soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10, 2017. REUTERS/Chris Helgren/File Photo Third Point, which has launched…
[ad_1] NEW YORK (Reuters) – A world stock index climbed as bank and energy shares rose on Friday, but the momentum was sapped by a report that Washington may fire a new salvo in its trade war with Beijing. Traders work on the floor at the New York Stock Exchange (NYSE) at the end of…
[ad_1] WASHINGTON (Reuters) – Volvo Cars has asked the Trump administration to exempt the company’s Chinese-made mid-size XC60 SUV from new 25 percent tariffs, the latest automaker to seek relief from new levies on imports from China. The 2018 Volvo XC60 is displayed at the 2017 New York International Auto Show in New York City,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday. Shipping containers are seen at a port in Lianyungang, Jiangsu province,…
[ad_1] NEW YORK (Reuters) – As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co (JPM.N), known for his bravado, quips and occasional profanity-laced outbursts. Chief Financial Officer Marianne Lake stands for a portrait at the headquarters…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve should commit to letting economic booms run on enough to fully offset collapses like the 2007 to 2009 Great Recession, former Fed chair Janet Yellen said on Friday, urging the central bank to make “lower-for-longer” its official motto for interest rates following serious downturns. Janet Yellen at…
[ad_1] The federal government is spending $117 million to help facilitate the deal to sell and begin repairs to the flood-damaged rail line to the northern Manitoba town of Churchill. The deal, which sees Denver-based Omnitrax Inc. sell the railway, a marine fuel tank farm and the Port of Churchill to Arctic Gateway Group, was announced Aug. 31. On Friday,…
[ad_1] Drone operating system startup Airware today suddenly informed employees it will cease operations immediately despite having raised $118 million from top investors like Andreessen Horowitz, Google’s GV, and Kleiner Perkins. The startup ran out of money after trying to manufacture its own hardware that couldn’t compete with drone giants like China’s DJI. A source…
[ad_1] Kinder Morgan Inc. has hired investment bank TD Securities to facilitate a potential sale of its Calgary-based Canadian business, which could fetch the U.S. pipeline operator as much as $2.4 billion, people familiar with the situation told Reuters this week. The move comes about two weeks after Kinder Morgan closed its sale of the…
[ad_1] NEW YORK (Reuters) – Oil prices pulled back on Friday amid concerns additional U.S. tariffs would be placed on China, trading mixed after a rally triggered by worries of more sanctions on Iran. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22,…
[ad_1] (Reuters) – U.S. stocks fell back on Friday after President Trump instructed aides to proceed with tariffs on about $200 billion in Chinese products, despite Treasury Secretary Steven Mnuchin’s attempts to restart talks with Beijing. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018.…
[ad_1] (Reuters) – Citigroup Inc was ordered to pay more than $12 million by U.S. regulators on Friday after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates. A view of the exterior of the Citibank corporate headquarters in New…
[ad_1] Shares in numerous TSX-listed marijuana companies were even more volatile than usual on Friday after an official at U.S. Customs and Border Protection said it’s not just users of the drug who risk being refused entry to the United States — even people who work for and invest in the companies may too. U.S.…
[ad_1] The Supreme Court of Canada says internet service providers can recover some of the costs of helping movie companies and other copyright holders find illegal downloaders. In a decision today, the high court sides with Rogers Communications in ruling that the companies pursuing copyright violators should reimburse service providers a reasonable amount for the…
[ad_1] Statistics Canada says the amount households owe, measured as a proportion of their income, rose in the second quarter. The agency says credit market debt as a proportion of household disposable income increased to 169.1 per cent as growth in debt outpaced income. In other words, Canadians owed $1.69 in credit market debt for…
[ad_1] NEW YORK (Reuters) – Allergan Plc said it expects revenue at its medical aesthetics unit to grow to $7 to $8 billion by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox. The Allergan logo is seen in this photo illustration November 23, 2015. REUTERS/Thomas White/Illustration/File Photo Revenue from the…
[ad_1] FORT WAYNE, Ind. (Reuters) – The Federal Reserve’s interest-rate hikes will begin to drag on U.S. economic growth and employment by next year, a U.S. central banker said Friday, as the level of borrowing costs appropriately turns “mildly restrictive” after more than a decade of acting as a stimulant. Charles Evans, president of the…
[ad_1] WASHINGTON (Reuters) – U.S. retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data likely keep intact expectations of strong economic growth in the third quarter. FILE PHOTO: A woman walks with a full shopping bag…
[ad_1] (Reuters) – Wells Fargo & Co’s chief financial officer said on Friday the bank expects to reduce total expenses by about $3 billion by 2020. A Wells Fargo stagecoach is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Speaking at an industry conference, CFO John…
[ad_1] LONDON (Reuters) – World stocks hit their highest levels in over a week on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite. The German share price index DAX graph is pictured at the…
[ad_1] HONG KONG (Reuters) – China will ask Wall Street firms for ways to improve ties with the United States and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday, people familiar with the matter said. People walk by a Wall Street sign close to the New York Stock…
[ad_1] (Reuters) – Volkswagen (VOWG_p.DE) said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap toward a future of mass-market electric cars. The original VW Beetle, developed in the 1930s, made a journey from a…
[ad_1] LONDON (Reuters) – Shares rose around the world on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany,…
[ad_1] SEOUL (Reuters) – Hyundai Motor Group promoted heir apparent Euisun Chung on Friday to a role of overseeing the conglomerate, moving him a step closer to succeeding his octogenarian father as head of South Korea’s second largest group. Hyundai Motor Group Vice Chairman Chung Eui-sun attends the company’s new year ceremony in Seoul, South…
[ad_1] BERLIN (Reuters) – German retailer Metro AG (B4B.DE) plans to sell its struggling Real hypermarket chain, which some analysts say could fetch around 1 billion euros ($1.2 billion) and attract interest from potential buyers including online giant Amazon (AMZN.O). FILE PHOTO: German retailer Metro AG sign is seen on the headquarters in Duesseldorf, Germany…
[ad_1] As Hurricane Florence begins to hit South Carolina, the latest estimates on its intensity are coming in slightly lower than previous forecasts. But the financial toll is still likely to be steep, in no small part because it’s scheduled to hit coastal areas with extensive and expensive real estate. Risk analytics firm CoreLogic says almost…
[ad_1] SYDNEY (Reuters) – Australia’s corporate watchdog sued Australia and New Zealand Banking Group Ltd (ANZ.AX) on Friday over a troubled A$2.5 billion ($1.8 billion) share placement, flexing its muscle amid criticism levied at regulators for being soft on finance firms. A pedestrian is reflected in the window of a branch of the Australia and…
[ad_1] TOKYO (Reuters) – Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, with concerns about supply countering worries that emerging market crises and trade disputes could dent demand. Oil barrels are pictured at the site of Canadian group Vermilion Energy in Parentis-en-Born,…
[ad_1] FRANKFURT/LONDON (Reuters) – German manufacturer Voith has been a customer of Deutsche Bank (DBKGn.DE) for more than a century. FILE PHOTO: Christian Sewing, CEO of Germany’s Deutsche Bank, addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach -/File Photo But as the maker of hydropower and paper…
[ad_1] BEIJING (Reuters) – Chinese smartphone maker Xiaomi Inc (1810.HK) said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms. FILE PHOTO: Xiaomi’s Founder, Chairman and CEO Lei Jun attends a…
[ad_1] SEOUL (Reuters) – Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate. Hyundai Motor Group Vice Chairman Chung Eui-sun attends the company’s new year ceremony in Seoul, South Korea, January 2, 2018.…
[ad_1] TOKYO (Reuters) – Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand. Oil barrels are pictured at the site of Canadian group Vermilion Energy…
[ad_1] (Reuters) – Jeff Bezos, Amazon.com Inc’s (AMZN.O) founder and the world’s richest person, said on Thursday he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities. Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration…
[ad_1] WASHINGTON/SEOUL (Reuters) – The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions. FILE PHOTO: U.S. President Donald Trump shakes hands with North Korean leader Kim Jong Un at the…
[ad_1] WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos said on Thursday the company would announce a decision on where it will build a second headquarters before the end of the year, and also said that President Donald Trump is wrong to “attack the media.” Jeff Bezos, president and CEO of Amazon and…
[ad_1] BEIJING (Reuters) – The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said. FILE PHOTO: A worker places U.S. and China flags near the Forbidden City ahead of a visit by U.S. President…
[ad_1] TOKYO (Reuters) – Oil on Friday clawed back some of its losses from the previous session when prices fell the most in a month, although worries that emerging market crises and trade disputes could dent demand continued to drag. Oil barrels are pictured at the site of Canadian group Vermilion Energy in Parentis-en-Born, France,…
[ad_1] WASHINGTON (Reuters) – Amazon.com Inc chief executive Jeff Bezos said on Thursday that the company would announce a decision on where it would build a second headquarters before the end of the year. FILE PHOTO: Jeff Bezos, Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center’s Forum on Leadership in…
[ad_1] (Reuters) – A bipartisan group of 16 U.S. lawmakers asked Alphabet Inc’s Google (GOOGL.O) on Thursday if it would comply with China’s internet censorship and surveillance policies should it re-enter the Chinese search engine market. FILE PHOTO: The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, France,…
[ad_1] Prime Minister Justin Trudeau defended his government’s push to put a “price on pollution” in front of a skeptical Saskatchewan audience Thursday, while lamenting Premier Scott Moe’s insistence on taking the feds to court over the national climate plan. At a town hall meeting at the Saskatoon Polytechnic, a vocational training school, Trudeau defended his…
[ad_1] STOCKHOLM (Reuters) – IKEA Group, the owner of most IKEA stores worldwide, said on Friday all its home deliveries in the inner cities of Amsterdam, Los Angeles, New York, Paris and Shanghai would be made by electric vehicles or through other zero-emission means by 2020. FILE PHOTO: The company’s logo is seen outside of…
[ad_1] WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers on Thursday asked Alphabet Inc’s Google (GOOGL.O) if it will re-enter the Chinese search engine market and if it would comply with China’s internet censorship policies upon its return. FILE PHOTO: The logo of Google is pictured during the Viva Tech start-up and technology summit…
[ad_1] (Reuters) – Victoria’s Secret owner L Brands Inc (LB.N) on Thursday said it would close all 23 of its Henri Bendel stores and the Henri Bendel e-commerce website in January. FILE PHOTO: Holiday shoppers look at store windows at Henri Bendel store on 5th Avenue in New York November 23, 2012. REUTERS/Brendan McDermid The…
[ad_1] NEW YORK (Reuters) – Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018. REUTERS/Brendan…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission handed public companies a procedural victory on Thursday in their efforts to reduce the influence of proxy advisory firms, rescinding a pair of staff letters that critics said encouraged mutual funds to rely on their recommendations. FILE PHOTO: The seal of the U.S. Securities and…
[ad_1] BOSTON (Reuters) – Fidelity Investments’ bet on a privately held maker of e-cigarettes faces new risks after U.S. health regulators on Wednesday said they are considering a ban on flavored versions of the popular “vaping” products. FILE PHOTO: Juul e-cigarette starter pack is seen in this picture illustration taken July 16, 2018. REUTERS/Martinne Geller/Illustration/File…
[ad_1] The parent company of grocery chain Sobeys Inc. was “a little slow on the trigger” to pass on the higher cost of food to consumers due to tariff costs, but it will inevitably happen in the future, Empire Company Ltd. CEO Michael Medline said Thursday. “It’s clear with what’s going on in terms of…
[ad_1] Volkswagen announced Thursday that it will stop producing the iconic Beetle car next year. “As we move to being a full-line, family-focused automaker in the U.S. and ramp up our electrification strategy with the MEB platform, there are no immediate plans to replace it,” Volkswagen Group of America chief executive officer Hinrich Woebcken said in a…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) named its second new sales chief in less than a year on Thursday after chief commercial officer Eric Schulz abruptly resigned nine months after being poached from Rolls-Royce (RR.L) to lead the battle for jet sales against Boeing. FILE PHOTO: ATR’s Chief Executive Officer Christian Scherer, signs a deal…
[ad_1] (Reuters) – General Motors Co (GM.N) is recalling 1.205 million pickup trucks and sport utility vehicles worldwide due to issues with a temporary loss of power steering, the No.1 U.S. automaker said on Thursday. The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo The recall covers certain…
[ad_1] Adobe could be shopping for another piece of the digital marketing puzzle, as reports surfaced today that the company might be in talks with Vista Equity Partners to buy Marketo, a company the private equity firm purchased in May 2016 for $1.8 billion in cash. Reuters was first to report the rumor. While the…
[ad_1] NEW YORK (Reuters) – The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar with the matter said. FILE PHOTO: Richard Schimel speaks during the Milken Institute Global Conference in Beverly Hills,…
[ad_1] (Reuters) – United Parcel Service Inc is bolstering services to boost shipments between businesses as part of a $20 billion push to automate its network and offset lower-profit home deliveries from Amazon.com and other online retailers. The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in…
[ad_1] LONDON/ZURICH (Reuters) – Roche (ROG.S), the world’s biggest producer of cancer drugs, is stepping up cost cuts in an efficiency drive made unavoidable by competition from cut-price copies of three mega-brands from its famed U.S. Genentech biotech stable. FILE PHOTO: CEO Severin Schwan of Swiss drugmaker Roche addresses the annual news conference at the…
[ad_1] PARIS (Reuters) – Airbus named its second new sales chief in less than a year on Thursday after chief commercial officer Eric Schulz resigned nine months after being poached from Rolls-Royce to lead the battle for jet sales against Boeing. Logo of Airbus is seen as an Airbus Beluga XL transport plane prepares to…
[ad_1] WASHINGTON (Reuters) – U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. FILE PHOTO: A sign advertises open jobs at an Embassy Suites hotel in Waltham, Massachusetts, U.S., December 13,…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming. He said on Twitter that a Wall Street Journal…
[ad_1] In the 1990s when the web was young, companies like Yahoo, created directories of web pages to help make them more discoverable. Hacera wants to bring that same idea to blockchain, and today it announced the launch of the Hacera Network Registry. CEO Jonathan Levi says that blockchains being established today risk being isolated because…
[ad_1] Months after a fatal crash involving one of its self-driving vehicles in Arizona, Uber is not only doubling down on its autonomous research efforts, but investing in a research hub uniquely positioned to reduce the likelihood of similar accidents in the future. The San Francisco, Calif.-based company announced on Thursday that it is expanding its…
[ad_1] Cloud services — where our data, apps and computing power are all being managed in servers owned by others, many miles from where we are sitting — have taken off like a rocket in the decade with the rise of smaller devices, but in the business world, hybrid solutions — mixing cloud with on-premise…
[ad_1] (Reuters) – U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down 9.2 percent in premarket trading, as changes to the way it stocks merchandise on shelves kept some customers away from its stores. FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28,…
[ad_1] (Reuters) – General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said. The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo…
[ad_1] SINGAPORE (Reuters) – Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million. A sign marks a General Electric (GE) facility in Medford, Massachusetts, U.S., April 20, 2017. REUTERS/Brian Snyder The Singapore-based company, which conducts maintenance and repair operations for…
[ad_1] BRUSSELS/DUBLIN (Reuters) – Ryanair faces a one-day walkout by cabin crew across five countries on Sept. 28 as unions step up pressure on Europe’s biggest budget airline to accept local contracts. A Ryanair cabin crew member poses ahead of a news conference by Ryanair union representatives in Brussels, Belgium September 13, 2018. REUTERS/Francois Lenoir…
[ad_1] (Reuters) – U.S. stock index futures rose on Thursday as trade worries softened after China said it was open to fresh talks with the United States and technology stocks showed signs of a bounce-back. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – U.S. chipmaker Qualcomm Inc said on Thursday it would buy back about $16 billion of its common stock as part of the previously announced $30 billion stock repurchase plan. FILE PHOTO: FILE PHOTO: A booth of U.S. chipmaker Qualcomm is pictured at an expo in Beijing, China, September 27, 2017. Picture taken…
[ad_1] LONDON (Reuters) – World markets calmed after signs of movement in the U.S.-China trade stand-off and ahead of major central bank meetings on Thursday, including emerging market trouble spot Turkey. A red London bus passes the Stock Exchange in London, Britain, February 9, 2011. REUTERS/Luke MacGregor/File Photo News that U.S. President Donald Trump’s administration…
[ad_1] BRUSSELS (Reuters) – Seven Ryanair cabin crew unions from five countries will hold a 24-hour strike on Sept. 28, a Belgian union spokesman said on Thursday. An aircraft of low-cost airline Ryanair is parked behind a fence at the tarmac of Weeze Airport, near the German-Dutch border, during a strike of its crews, protesting…
[ad_1] WASHINGTON/BEIJING (Reuters) – China said on Thursday that it welcomed an invitation by the United States to hold a new round of trade talks, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. The Trump administration had invited Chinese officials to restart trade talks,…
[ad_1] WASHINGTON/BEIJING (Reuters) – China said on Thursday that it welcomed an invitation by the United States to hold a new round of trade talks, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. The Trump administration had invited Chinese officials to restart trade talks,…
[ad_1] Just as a new study shows New York is beating out London as the best place for international finance, Europe says it wants to challenge the U.S. dollar as the world’s most important currency. In a rousing call for greater currency independence yesterday, European Commission President Jean-Claude Juncker declared war on the mighty dollar. “We…
[ad_1] (Reuters) – Japan’s Takeda Pharmaceutical (4502.T) is considering selling Shire Plc’s (SHP.L) eye care business once it closes its $62 billion purchase of the London-listed drugmaker, as it looks to cut the debt raised to fund the deal, Bloomberg reported on Thursday. Takeda Pharmaceutical Co’s logo is seen at its new headquarters in Tokyo,…
[ad_1] TOKYO (Reuters) – Asian shares advanced on Thursday on news the Trump administration has reached out to China for a new round of trade talks, which raised hopes for a deal easing the bitter tariff dispute between the world’s two biggest economies. FILE PHOTO: Men walk past an electronic board showing market indices outside…
[ad_1] WASHINGTON/SHANGHAI (Reuters) – The Trump administration has invited Chinese officials to restart trade talks, the White House’s top economic adviser said, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. FILE PHOTO: Chinese officials prepare the flags for the China-U.S. bilateral meeting at the…
[ad_1] TOKYO (Reuters) – Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world’s two biggest economies. FILE PHOTO: Men walk past an electronic board showing…
[ad_1] TORONTO/LONDON (Reuters) – A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. Cannabis drinks of Swiss Hempfy company is pictured during the Cannabis Business Europe 2018 congress in…
[ad_1] (Reuters) – Asian companies posted their lowest profit growth in nearly two years in the June quarter and earnings are likely to come under further pressure, weighed down by the escalating U.S.-China trade war and high currency volatility, Reuters analyses showed. FILE PHOTO: Shipping containers are seen at the port in Shanghai, China April…
[ad_1] (Reuters) – Adobe Systems Inc, the maker of image-editing software Photoshop, is in negotiations to buy Marketo Inc, a privately held cloud-based marketing software company, according to people familiar with the matter. An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson Private equity firm Vista…
[ad_1] Nvidia today announced its new GPU for machine learning and inferencing in the data center. The new Tesla T4 GPUs (where the ‘T’ stands for Nvidia’s new Turing architecture) are the successors to the current batch of P4 GPUs that virtually every major cloud computing provider now offers. Google, Nvidia said, will be among…
[ad_1] SHANGHAI (Reuters) – American companies in China are being hurt by tariffs in the growing trade war between Washington and Beijing, according to a survey of hundreds of firms, prompting the U.S. business lobbies behind the poll to urge the Trump administration to reconsider its approach. FILE PHOTO: A U.S. flag is seen during…
[ad_1] WASHINGTON/SHANGHAI (Reuters) – The Trump administration has invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. FILE PHOTO: A worker places U.S. and China flags near the Forbidden…
[ad_1] YOKOHAMA, Japan (Reuters) – Japanese automaker Nissan Motor Co said on Thursday it had signed U.S. Open champion Naomi Osaka as its next brand ambassador, tapping the tennis star’s youth, drive and Japanese roots to appeal to younger customers. Naomi Osaka of Japan poses with the championship trophy at the Top of the Rock…
[ad_1] TOKYO (Reuters) – Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world’s two biggest economies. FILE PHOTO: Men walk past an electronic board showing…
[ad_1] (Reuters) – Hershey Co (HSY.N) said on Wednesday it would buy Pirate Brands from B&G Foods Inc (BGS.N) for $420 million in an all-cash deal, giving the chocolate maker rights to snack brands such as Pirate’s Booty, Smart Puffs and Original Tings. Hershey’s chocolate bars are shown in this photo illustration in Encinitas, California…
[ad_1] SASKATOON, Saskatchewan/MEXICO CITY (Reuters) – Canadian Foreign Minister Chrystia Freeland plans to return to Washington for more talks on NAFTA on Thursday but plenty of work remains before the two sides can strike a trade deal, a well-placed Canadian source said on Wednesday. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next…
[ad_1] The federal government’s fall economic update is likely to include targeted tax measures to boost the country’s competitiveness instead of a cut to the country’s corporate tax rate, according to a senior government official familiar with the Department of Finance’s work on the issue. The Liberal government has been under pressure from business groups to…
[ad_1] SAN FRANCISCO (Reuters) – The Federal Reserve has room to raise interest rates over the next couple of years without slowing economic growth, Fed Governor Lael Brainard said on Wednesday, suggesting that monetary policy would likely continue to tighten for some time. Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) customers may face longer response time due to a significant increase in vehicle delivery volume in North America, Chief Executive Officer Elon Musk said in a tweet here FILE PHOTO: Tesla Chief Executive Elon Musk attends a forum on startups in Hong Kong, China January 26, 2016. REUTERS/Bobby Yip/File…
[ad_1] WASHINGTON (Reuters) – The Trump administration has stepped up its communications with China over trade, the White House’s top economic adviser said on Wednesday, as people familiar with the effort said an invitation for a new round of trade talks was sent to Beijing. FILE PHOTO: A worker places U.S. and China flags near…
[ad_1] NEW YORK (Reuters) – The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings. The Trump administration has reached out to China…
[ad_1] NEW YORK (Reuters) – Owning electric carmaker Tesla Inc’s (TSLA.O) shares is close to the riskiest it has ever been, data by options database and analytics firm OptionMetrics showed on Wednesday. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File Photo More than…
[ad_1] CUPERTINO, Calif. (Reuters) – Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones. The relatively small changes to its lineup, following last year’s overhauled iPhone X, were…
[ad_1] The United States may have reclaimed the title of the world’s biggest oil producer sooner than expected. The U.S. Energy Information Administration said Wednesday that America “likely surpassed” Russia in June and August after jumping over Saudi Arabia earlier this year. The agency says, however, that’s based on preliminary estimates. If those estimates are…
[ad_1] (Reuters) – The executive producer of the CBS television program “60 Minutes,” Jeff Fager, is leaving CBS News, according to a company memo on Wednesday, amid reports of inappropriate behavior. FILE PHOTO: Jeff Fager of the show “60 Minutes Sports” speaks on stage during the Showtime panel presentation of the 2013 Winter Television Critics…
[ad_1] (Reuters) – Shares of Chinese electric carmaker NIO Inc (NIO.N) recovered sharply from a 15 percent fall in their market debut on Wednesday, a day after the company’s IPO was priced at the lower end of the expected range. Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., rings a ceremonial bell as…
[ad_1] (Reuters) – Apple Inc unveiled larger iPhones and watches based on the design of current models on Wednesday, confirming expectations that the company is making only minor changes to its lineup. Philip W. Schiller, Senior Vice President, Worldwide Marketing of Apple, speaks about the the new Apple iPhone XS and XS Max at an…
[ad_1] MEXICO CITY (Reuters) – Mexico expects U.S.-Canada talks on trade to yield an agreement, but Mexico must be ready to pursue a bilateral trade deal with the United States if Ottawa and Washington do not come to terms, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. FILE PHOTO: Flags of the U.S., Canada and…
[ad_1] (Reuters) – Apple Inc is set to unveil three new iPhones on Wednesday, named XS Max, XS and Xr, according to coding on the company’s website spotted by tech news blog ATH, confirming expectations that the company is making only minor changes to its lineup based on last year’s iPhone X. Tim Cook, CEO…
[ad_1] WASHINGTON (Reuters) – United Technologies Corp will pay $13.9 million to settle charges it made illegal payments or provided trips and gifts to officials from Azerbaijan, China, Kuwait, South Korea, Pakistan, Thailand and Indonesia in order to obtain business, the top U.S. securities regulator said on Wednesday. United Technologies logo is displayed on a…
[ad_1] SEATTLE (Reuters) – Boeing expects to deliver roughly as many 737 narrowbody jetliners in September as the company delivered in August as it works to bounce back from a manufacturing logjam triggered by supplier delays, its chief executive officer said on Wednesday. The Boeing logo is pictured n Sao Paulo, Brazil August 14, 2018.…
[ad_1] WASHINGTON (Reuters) – Six major web and internet service companies, including AT&T Inc, Twitter Inc and Alphabet Inc’s Google, will detail their consumer data privacy practices to a U.S. Senate panel on Sept. 26, according to a congressional statement on Wednesday. FILE PHOTO: The logo of the web service Amazon is pictured in this…
[ad_1] (Reuters) – Apple Inc is expected to launch three new iPhones on Wednesday and leaks from Apple website have so far suggested that they will be named XS Max for the top variant, XS for the next level model and Xr for the entry version. FILE PHOTO: Workers prepare for the opening of an…
[ad_1] (Reuters) – Citigroup Inc.’s chief financial officer said on Wednesday the bank expects to exceed its previous targets for returns on shareholder equity and cost savings, helped in part by tax reform. The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture…
[ad_1] NEW YORK (Reuters) – U.S. mortgage refinancing activity declined to its lowest level in more than 17-1/2 years last week as home borrowing costs rose, the Mortgage Bankers Association said on Wednesday. FILE PHOTO: A “For Sale” sign is seen outside a home in Cardiff, California, U.S. on February 22, 2016. REUTERS/Mike Blake/File Photo…
[ad_1] Sisense, a company that helps customers understand and visualize their data across multiple sources, announced an $80 million Series E investment today led by Insight Venture Partners. They also announced that Zack Urlocker, former COO at Duo Security and Zendesk, has joined the organization’s board of directors. The company has attracted a prestigious list…
[ad_1] Canadian postal workers have voted in favour of strike action, with the union president saying members are overworked. Strike votes were held at locals across the country between Aug. 7 and Sept. 9, with 93.8 per cent of urban postal operations workers and 95.9 per cent of rural and suburban mail carriers voting to walk…
[ad_1] Apple is expected to showcase three new iPhones on Wednesday, including its biggest and most expensive model yet, as the company seeks to widen the product’s appeal amid slowing sales growth. Most of the buzz is swirling around a rumoured iPhone with a screen that is bigger and has no backlight, so black is…
[ad_1] LONDON (Reuters) – Fresh sparring between Washington and Beijing over trade kept up pressure on world markets on Wednesday, with equities struggling and emerging currencies mostly weaker, led by the Indian rupee hitting a record low. People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File…
[ad_1] LONDON (Reuters) – New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the European Union prompts banks to shift jobs out of the city to preserve access to Europe’s single market. The skyline of midtown Manhattan in New York City is…
[ad_1] WASHINGTON (Reuters) – After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. U.S. President Donald Trump holds an Oval Office meeting on preparations…
[ad_1] PITTSBURGH, Pa (Reuters) – In the run-up to the 2008 financial crisis, millions of amateur investors kept adding fuel to the overheating U.S. housing market by betting on quick profits in hotspots like Las Vegas or Miami. A decade later, house-flipping is making a comeback, but this time in some Rust Belt cities the…
[ad_1] LONDON (Reuters) – Oil eased on Wednesday, having neared its highest level this year after a drop in U.S. crude inventories and the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production. FILE PHOTO: Crude oil storage tanks are seen from above at the oil…
[ad_1] (Reuters) – Swedish retailer IKEA will open its first store in Ukraine next year because of the country’s improved business climate, a senior executive said on a visit to Kiev on Wednesday. FILE PHOTO: An IKEA sign is seen next to the company’s new store in Riga, Latvia September 2, 2018. REUTERS/Ints Kalnins/File Photo…
[ad_1] BERLIN (Reuters) – The German consumer protection organization vzbv on Wednesday said it would file a class action lawsuit against Volkswagen (VOWG_p.DE) on Nov. 1. FILE PHOTO: A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters in Wolfsburg, Germany May 19, 2017. REUTERS/Fabian Bimmer/File…
[ad_1] BERLIN (Reuters) – German pilots’ union Vereinigung Cockpit (VC) threatened that it could call for further strikes at Irish low-cost carrier Ryanair (RYA.I) if management does not make a better offer. A woman walks past Ryanair aircrafts on their parking positions as Ryanair pilots and cabin crew stage a 24-hour strike affecting flights out…
[ad_1] SEOUL (Reuters) – The chief executive of South Korea’s LG Display, Han Sang-beom, was determined to deliver a strong message when he appeared before 1,000 employees at the firm’s main manufacturing plant last spring. FILE PHOTO: A woman looks at a LG Electronics’ organic light-emitting diode (OLED) TV, which is made with LG Display…
[ad_1] NEW YORK/HONG KONG (Reuters) – Chinese electric vehicle start-up NIO Inc (NIO.N) priced its shares near the bottom of its targeted price range in its U.S. initial public offering, according to sources familiar with the matter, dragged down by investor concerns about the prospects of chief competitor Tesla Inc (TSLA.O). The logo of electric…
[ad_1] TOKYO (Reuters) – Asian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016.…
[ad_1] BERLIN (Reuters) – Pilots and cabin crew at Ryanair (RYA.I) in Germany started a full-day walkout early on Wednesday to put pressure on management in labor talks with Europe’s biggest low-cost carrier. An aircraft of low-cost airliner Ryanair is seen behind a fence while being parked at the tarmac of Weeze airport near the…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday following a report of declines in U.S. crude inventories and as looming sanctions against Iran raised expectations of tightening supply, while top producer Russia warned of a fragile global crude market. FILE PHOTO: Crude oil storage tanks are seen from above at the oil hub in…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) will provide $500 million over five years to promote economic opportunities in selected cities, including some outside the United States, the bank said Wednesday. A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015.…
[ad_1] NEW YORK (Reuters) – U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a…
[ad_1] TOKYO (Reuters) – Asian stocks slipped to 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2,…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday after a report of falling crude inventories and the looming sanctions against Iran fueled expectations of a tightening market. FILE PHOTO: Crude oil storage tanks are seen from above at the oil hub in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Prices were also pushed…
[ad_1] (Reuters) – Private equity firm Carlyle Group LP (CG.O) is in talks to acquire Sedgwick Claims Management Services Inc, the largest U.S. insurance claims service provider, for more than $6 billion, including debt, people familiar with the matter said on Tuesday. FILE PHOTO: A general view of the lobby outside of the Carlyle Group…
[ad_1] TOKYO (Reuters) – Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June…
[ad_1] (Reuters) – Supermarket chain Morrisons is facing equal pay claims worth over 1 billion pounds ($1.30 billion), law firm Leigh Day said on Tuesday, seeking compensation for women who believe they were paid less than men in distribution centers. FILE PHOTO: Shoppers walk past a branch of the food retailer Morrisons in west London,…
[ad_1] NEW YORK (Reuters) – Chinese electric vehicle start-up NIO Inc (NIO.N) priced at $6.25 per share in its initial public offering on the New York stock exchange on Tuesday, at the bottom of its targeted price range, a person familiar with the matter said. The logo of electric car startup NIO is seen at…
[ad_1] NEW YORK (Reuters) – A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo & Co (WFC.N) unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout, a judge ruled on Tuesday. People walk by a Wells Fargo banking location…
[ad_1] HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world’s fastest-growing wealth market, top executives said. A logo is pictured on HSBC bank in Geneva,…
[ad_1] SEATTLE/PARIS (Reuters) – Boeing Co (BA.N) bounced back from a production snarl to deliver 48 single-aisle 737s in August and extended its lead over rival Airbus (AIR.PA) for new orders. The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August…
[ad_1] (Reuters) – Billionaire investor Daniel Loeb’s Third Point LLC is launching a proxy fight to remove the entire sitting board at Campbell Soup Co, charging the American food company with being in a “mess” and faulting the board for failing to take corrective action. Loeb’s $18 billion hedge fund, which owns a 5.65 percent…
[ad_1] WASHINGTON (Reuters) – The Federal Communications Commission, which is reviewing the planned merger of T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), said on Tuesday it has paused its review clock to give the agency time to analyze new and anticipated submissions from the companies. FILE PHOTO: A smartphones with Sprint logo are seen…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares. Apple rose 2.5 percent, boosting the three major indexes, a day ahead of its expected unveiling of new iPhone models. The S&P…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Tuesday as Apple Inc led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares. The Dow Jones Industrial Average rose 113.99 points, or 0.44 percent, to 25,971.06, the S&P 500 gained 10.96 points, or 0.38…
[ad_1] NEW YORK (Reuters) – Oil prices rose more than 2 percent on Tuesday as U.S. sanctions squeezed Iranian crude exports and after U.S. crude oil production in 2019 was forecast to grow at a slower rate than previously expected, prompting supply concerns. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera…
[ad_1] The Toronto Real Estate Board says it has written to members who posted Greater Toronto Area home sales data requesting to know where they got the numbers from. TREB says the letters are a way of ensuring no one has breached their contracts with the board by “jumping the gun” and releasing data before…
[ad_1] Twilio, a company best known for supplying a communications APIs for developers has a product called Twilio Flex for building sophisticated customer service applications on top of Twilio’s APIs. Today, it announced it was acquiring Ytica (pronounced Why-tica) to provide an operational and analytical layer on top of the customer service solution. The companies…
[ad_1] There’s been growing calls from both sides of the border for Canada to make concessions on its protected dairy sector in order to finally reach a new North American Free Trade Agreement with the United States. Many argue that Canada has already made concessions in the sector to secure other trade agreements like the Trans-Pacific Partnership (TPP),…
[ad_1] BERLIN (Reuters) – The German military has asked potential bidders in a high-stakes competition to replace its aging Tornado fighter jets about accelerating deliveries of new warplanes before an initial target date of 2025, sources familiar with the matter said. FILE PHOTO – A German air force Tornado jet takes off from the German…
[ad_1] A recent user survey sent out by Dropbox confirms the company is considering the addition of an electronic signature feature to its Dropbox Professional product, which it refers to simply as “E-Signature from Dropbox.” The point of the survey is to solicit feedback about how likely users are to use such a product, how…
[ad_1] WASHINGTON (Reuters) – A U.S. regulator said on Tuesday it would launch an investigation into an off-road utility vehicle produced by Mahindra and Mahindra Ltd following a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design. FILE PHOTO: A Jeep Wrangler (R) is shown at…
[ad_1] Anaxi‘s mission is to bring more transparency to the software development process. The tool, which is now live for iOS, with web and Android versions planned for the near future, connects to GitHub to give you actionable insights about the state of your projects and manage your projects and issues. Support for Atlassian’s Jira…
[ad_1] With the Trans Mountain Pipeline Expansion Project stalled, and overall Canadian pipeline capacity limited, the pressure to ship crude oil out of Alberta continues to grow. The amount of oil shipped by rail has been increasing and showing little signs of letting up. The National Energy Board reported in June that crude-by-rail exports from…
[ad_1] A court-appointed monitor for the Sears Canada bankruptcy process says it opposes a proposal that would effectively allocate all the failed retailer’s remaining assets to the company’s underfunded pensions. FTI Consulting argues in a Sept. 7 filing to Ontario Superior Court that the pension proposal should be dismissed due to legislation and case law.…
[ad_1] Canada Mortgage and Housing Corp. says the pace of housing construction starts slowed in August compared with July. The agency says the seasonally adjusted annual rate of housing starts was 200,986 units in August, down from 205,751 units in July. Economists had expected an annual pace of 210,300 starts for August, according to Thomson…
[ad_1] STOCKHOLM (Reuters) – Mobile telecom gear maker Ericsson (ERICb.ST) said on Tuesday it had signed a $3.5 billion multi-year deal to support T-Mobile US’ (TMUS.O) 5G network deployment, the biggest 5G order that Ericsson has announced. FILE PHOTO – A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30,…
[ad_1] In a world where large hyperscale companies like Amazon, Microsoft and Google dominate the public cloud, it would seem foolhardy for a startup to try to carve out a space, but Packet has an alternative customized cloud vision, and investors have taken notice. Today, the company announced a $25 million Series B led by…
[ad_1] (Reuters) – A former Goldman Sachs Group Inc (GS.N) partner had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor…
[ad_1] (Reuters) – U.S. stocks opened lower on Tuesday, weighed down by fears over the escalating trade spat between the United States and China. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., September 10, 2018. REUTERS/Lucas Jackson The Dow Jones Industrial Average fell…
[ad_1] The Bank of England’s Mark Carney agreed Tuesday to extend his period as governor by six months until January 2020 to help out in the initial phases of Britain’s exit from the European Union. The announcement from the government and the bank was expected after Carney told lawmakers last week that he was “willing” to…
[ad_1] In a world where large hyperscale companies like Amazon, Microsoft and Google dominate the public cloud, it would seem foolhardy for a startup to try and carve out a space, but Packet has an alternative customized cloud vision, and investors have taken notice. Today, the company announced a $30 million Series B led by…
[ad_1] (Reuters) – JPMorgan Chase & Co (JPM.N) said on Tuesday it will establish a wealth management business in Luxembourg and boost offerings at its investment banking and custody and fund businesses. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015.…
[ad_1] MADRID (Reuters) – A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s (HSBA.L) private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds. FILE PHOTO: Former HSBC employee Herve Falciani leaves High Court in Madrid, Spain, May…
[ad_1] AMSTERDAM (Reuters) – ING Groep’s (INGA.AS) Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro ($900 million) settlement with prosecutors. A man walks past the logo of ING Group…
[ad_1] LAS VEGAS (Reuters) – Diane Han is trying to leave the Las Vegas of her childhood behind. The old Las Vegas Strip is seen in Las Vegas, Nevada, U.S., August 27, 2018. Picture taken August 27, 2018. REUTERS/Mike Blake Her mother is a blackjack dealer at Caesar’s Palace, one of the mega-casinos on the…
[ad_1] GENEVA (Reuters) – China will ask the World Trade Organization next week for permission to impose sanctions on the United States, for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties that China initiated in 2013, a meeting agenda showed on Tuesday. FILE PHOTO: A worker places U.S. and China flags…
[ad_1] Hudson’s Bay Co. has completed a deal with an Austrian retail heavyweight that will see the two firms create a joint venture to operate existing businesses in Germany, Belgium and elsewhere in Europe. The Canadian retailer announced the agreement in a statement early Tuesday, saying it’s formed a “strategic partnership for its European retail…
[ad_1] ZURICH (Reuters) – One of the world’s largest bakery companies, Aryzta (ARYN.S), has agreed an underwriting deal with five banks, setting the stage for raising 800 million euros ($928.48 million) in new capital to strengthen its balance sheet. FILE PHOTO: A cheesy champignon angus burger is seen at a McDonald’s restaurant in Hong Kong…
[ad_1] MADRID (Reuters) – Bank whistleblower Herve Falciani is due to appear before Spain’s High Court on Tuesday as the judge considering an extradition request from Switzerland over alleged industrial sabotage nears a decision. FILE PHOTO: Former HSBC employee Herve Falciani leaves High Court in Madrid, Spain, May 28, 2018. REUTERS/Juan Medina/File Photo The hearing…
[ad_1] AMSTERDAM (Reuters) – ING Groep (INGA.AS) said on Tuesday its Chief Financial Officer was stepping down amid a public backlash after the Dutch bank said last week it had failed to prevent money laundering for years, forcing it to strike a 775 million euro ($900 million) settlement with Dutch prosecutors. A man walks past…
[ad_1] LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (UNc.AS) said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading. The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21,…
[ad_1] SYDNEY (Reuters) – Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the specter of a further escalation in the Sino-U.S. trade war haunted investors, while the pound perched at a five-week top on hints a Brexit deal might be nearer. FILE PHOTO: A pedestrian holding an umbrella…
[ad_1] TOKYO (Reuters) – Japan’s Renesas Electronics Corp (6723.T) said it had agreed to buy Integrated Device Technology Inc (IDT) (IDTI.O) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars. Renesas Electronics Corp’s logo is seen on its product at the company’s conference in Tokyo, Japan, April…
[ad_1] MEXICO CITY (Reuters) – Billionaire Carlos Slim’s America Movil and Mexico’s state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid. The logo of America Movill is seen on the wall at the company’s…
[ad_1] BEIJING (Reuters) – Chinese airlines will buy 7,690 new planes worth $1.2 trillion over the next two decades to keep pace with booming consumer and business demand for air travel, Boeing Co (BA.N) said on Tuesday, raising a previous forecast. A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE)…
[ad_1] BEIJING (Reuters) – Chinese airlines are likely to buy 7,690 planes worth $1.2 trillion over the next 20 years, Boeing Co (BA.N) said on Tuesday. A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. REUTERS/Denis Balibouse Boeing’s latest estimate for the period…
[ad_1] SYDNEY (Reuters) – Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a Sino-U.S. trade war haunted investors, while the pound perched near a five-week top on hints a Brexit deal might be nearer. FILE PHOTO: A pedestrian holding an umbrella walks past an electronic…
[ad_1] NEW YORK (Reuters) – U.S. stocks mostly edged higher on Monday, with the S&P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple kept gains in check. The Dow fell, with Travelers (TRV.N) down 1.9 percent. Hurricane Florence is expected to be an extremely dangerous major hurricane through…
[ad_1] TOKYO (Reuters) – Japanese chipmaker Renesas Electronics Corp (6723.T) said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc (IDTI.O) for about $6.7 billion, aiming to boost its expertise in self-driving car technologies. Renesas Electronics Corp’s logo is seen on its product at the company’s conference in Tokyo, Japan, April…
[ad_1] TOKYO (Reuters) – Japanese chipmaker Renesas Electronics Corp (6723.T) said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc (IDTI.O) for about $6.7 billion, as it aims to compete with Nvidia (NVDA.O) and Intel Corp (INTC.O) in self-driving car technologies. Renesas Electronics Corp’s logo is seen on its product at…
[ad_1] SYDNEY (Reuters) – Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer. FILE PHOTO: A pedestrian holding an umbrella walks past an electronic board showing the…
[ad_1] (Reuters) – Snap Inc (SNAP.N), the parent of Snapchat messaging, said on Monday Chief Strategy Officer Imran Khan will step down, the latest top-level exit amid pressure to stem a drop in users following a controversial redesign of the app. FILE PHOTO – Snap Inc. chief strategy officer, Imran Khan, takes a photograph on…
[ad_1] TANGSHAN, China (Reuters) – “Push the steel mills out of the city center and turn it into a modern, habitable place to live in,” reads a banner hung across the boarded-up offices of Guofeng Iron and Steel Co in the center of Tangshan, China’s top steelmaking city. A general view shows the decommissioned Guofeng…
[ad_1] (Reuters) – Chevron Corp (CVX.N), Valero Energy Corp (VLO.N) and Delta Air Lines Inc (DAL.N) have urged U.S. regulators to expedite a hearing on the fee structure of the largest fuel pipeline in the United States that they allege is costing them millions of dollars. FILE PHOTO – The logo of Chevron is seen…
[ad_1] SEATTLE (Reuters) – Boeing Co (BA.N) is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. FILE PHOTO: An engine of Boeing’s new 737 MAX-9 is pictured under construction at their production facility…
[ad_1] Zendesk has mostly confined itself to customer service scenarios, but it seems that’s not enough anymore. If you want to truly know the customer behind the interaction, you need a customer system of record to go with the customer service component. To fill that need, Zendesk announced it was acquiring Base, a startup that…
[ad_1] NEW YORK (Reuters) – New York state on Monday approved Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stablecoins to get the nod from the region’s regulator. The Gemini dollar by Gemini, the digital asset exchange launched by twins Cameron and Tyler Winklevoss, is a stablecoin that will allow users…
[ad_1] Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market. [ad_2] Source link
[ad_1] LOS ANGELES (Reuters) – TV host Julie Chen, the wife of former CBS Corp (CBS.N) Chief Executive Leslie Moonves, said on Monday she was taking a few days off from daytime show “The Talk” to spend time with her family. FILE PHOTO: CBS President and CEO Leslie Moonves and his wife Julie Chen arrive…
[ad_1] NEW YORK (Reuters) – U.S. stocks mostly edged higher on Monday, with the S&P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple Inc (AAPL.O) kept gains in check. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York,…
[ad_1] FRANKFURT (Reuters) – German pilots’ union Vereinigung Cockpit (VC) on Monday called a 24-hour strike affecting all Ryanair (RYA.I) flights out of Germany on Wednesday to push its demands in talks with the Irish carrier on wages and work conditions. FILE PHOTO: Aircrafts of low-cost airliner Ryanair are parked at the tarmac of Weeze…
[ad_1] Canadian consumers are increasingly looking for better rewards programs when it comes to choosing a credit card, according to a new study that shows that nearly half of the people that switched cards in the past year did so for a better plan. Of those who switched cards, about 48 per cent did it…
[ad_1] (Reuters) – A U.S. appeals court on Monday revived Swedish pharmaceutical company Orexo AB’s lawsuit accusing a unit of Israel’s Teva Pharmaceutical Industries Ltd of infringing a patent for its opioid addiction drug Zubsolv. A man walks past the logo of Teva Pharmaceutical Industries at their plant in Jerusalem December 14, 2017. REUTERS/Ammar Awad/File…
[ad_1] DUBLIN (Reuters) – Ryanair (RYA.I) on Monday barred all media from reporting at its annual shareholder meeting next week, saying the move is to allow shareholders to raise matters freely with the board without discussions being “distorted”. FILE PHOTO: Ryanair aircraft parked on the tarmac at Weeze airport near the German-Dutch border during a…
[ad_1] BERLIN (Reuters) – The U.S. military and European operators of the radar-evading F-35 fighter jet have agreed to work together more closely to help lower the cost of operating the new warplanes as growing numbers arrive in Europe, officials said. FILE PHOTO: A Lockheed Martin F-35 aircraft is seen at the ILA Air Show…
[ad_1] AltaGas Ltd. says it has signed deals to sell about $560 million worth of natural gas midstream assets and power generating assets to two buyers. Birch Hill Equity Partners Management Inc. has agreed to pay $165 million for a group of smaller scale gas midstream and power assets in Canada, as well as its…
[ad_1] Intel today is announcing another acquisition as it continues to pick up talent and IP to bolster its next generation of computing chips beyond legacy PCs. The company has acquired NetSpeed Systems, a startup that makes system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). The company will be joining Intel’s Silicon Engineering Group,…
[ad_1] BRAUNSCHWEIG, Germany (Reuters) – Investors took Volkswagen (VOWG_p.DE) to court on Monday to seek compensation for the hit to the carmaker’s share price from its diesel emissions scandal, with plaintiffs holding out hopes for billions of dollars in damages. Shareholders representing 1,670 claims are seeking 9.2 billion euros ($10.7 billion) in damages over the…
[ad_1] New Relic CEO Lew Cirne was feeling a bit nostalgic last week when he called to discuss the announcements for the company’s FutureStack conference taking place tomorrow in San Francisco. It had been 10 years since he first spoke to TechCrunch about his monitoring tool. A lot has changed in a decade including what his…
[ad_1] (Reuters) – CBS Corp (CBS.N) said on Monday it will pay $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal. FILE PHOTO: Leslie Moonves, Chairman and CEO, CBS Corporation, speaks during the Milken Institute Global Conference in Beverly Hills,…
[ad_1] Loblaw Cos. Ltd. says it will appeal a tax court decision that leaves the grocery chain on the hook for a $368 million charge connected to one of its banking subsidiaries in Barbados. On Friday, the Tax Court of Canada ruled on a case that was started in 2015 but traces its roots to 1992,…
[ad_1] (Reuters) – U.S. stock indexes were higher on Monday, boosted by the consumer discretionary sector and as hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-U.S. trade war. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018.…
[ad_1] For years, marketers have been trying to optimize the online shopping experience to better understand their customers and deliver more customized interactions that ultimately drive more sales. Artificial intelligence was supposed to accelerate that, and today Adobe announced enhancements to Adobe Target and Adobe Experience Manager that attempt to deliver at least partly on…
[ad_1] (Reuters) – CBS Corp (CBS.N) said on Monday it will pay up to $120 million to former chief executive officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal. FILE PHOTO: Leslie Moonves, Chairman and CEO, CBS Corporation, speaks during the Milken Institute Global Conference in…
[ad_1] (Reuters) – CBS Corp (CBS.N) said on Monday it will pay $120 million to former chief executive officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal. FILE PHOTO: Leslie Moonves, Chairman and CEO, CBS Corporation, speaks during the Milken Institute Global Conference in Beverly Hills,…
[ad_1] LONDON (Reuters) – World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest rate increase by the Federal Reserve later this month. Europe defended its ground early on [.EU], but it was proving a struggle after a…
[ad_1] MILAN (Reuters) – Activist fund Elliott on Monday struck back at Vivendi (VIV.PA) after its accusations over the management and share price performance at Telecom Italia (TLIT.MI) since the U.S. fund staged a boardroom coup at the Italian firm. FILE PHOTO: The Telecom Italy logo is seen at the headquaters downtown Milan, Italy, March…
[ad_1] BRAUNSCHWEIG, Germany (Reuters) – Volkswagen (VOWG_p.DE) went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel emissions scandal. Prosecution lawyer Andreas Tilp removes files before the Model Case Act trial involving Volkswagen AG and Porsche SE and…
[ad_1] BRAUNSCHWEIG, Germany (Reuters) – Volkswagen (VOWG_p.DE) went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal. Prosecution lawyer Andreas Tilp removes files before the Model Case Act trial involving Volkswagen AG and Porsche SE and…
[ad_1] BEIJING/SHANGHAI (Reuters) – Unlike his charismatic boss, Jack Ma, Alibaba (BABA.N) chief executive Daniel Zhang isn’t usually one to grab the limelight, let alone make kung fu movies with superstars or dance in public. FILE PHOTO: Alibaba Founder and Chairman Jack Ma (L) talks to CEO Daniel Zhang at NYSE Bell Ringing ceremony during…
[ad_1] BEIJING (Reuters) – Chinese carmaker Geely [GEELY.UL] is delaying plans to list Volvo Cars [IPO-VOLVO.ST] due to uncertainties created by escalating trade tensions and the need to bolster the Swedish brand’s presence in China, said a person familiar with the matter. The logo of Geely Automobile Holdings is pictured at the Auto China 2016…
[ad_1] LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled and as investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo Benchmark…
[ad_1] Canada’s big telecom companies are fighting back against allegations of shady sales practices, defending themselves as ethical corporations relentlessly focused on customer satisfaction. “Our customers are treated in a fair and respectful manner when purchasing the services we offer,” Rogers wrote in a submission to the CRTC. The broadcast regulator requested information from the telcos…
[ad_1] TAIPEI (Reuters) – Shares of Apple Inc (AAPL.O) suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports. FILE PHOTO: Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul…
[ad_1] BEIJING (Reuters) – Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in one year to concentrate on philanthropy and education, passing on the reins to trusted lieutenant Daniel Zhang. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news…
[ad_1] (Reuters) – Investa Office Fund(IOF.AX) said it has set Sept. 17 as the date for its shareholders to vote on Blackstone Group’s (BX.N) sweetened A$3.3 billion ($2.4 billion) bid. FILE PHOTO: The logo for Australia’s Investa Office Fund (IOF), a real estate investment trust, adorns the front of their office building in central Sydney,…
[ad_1] (Reuters) – Leslie Moonves, the top executive at CBS Corp (CBS.N) since 2006 and a major figure at the broadcast network and media company for more than two decades, resigned on Sunday amid a new wave of allegations against him of sexual assault and harassment. FILE PHOTO: Leslie Moonves, Chairman and CEO, CBS Corporation,…
[ad_1] SYDNEY (Reuters) – Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar climbed as U.S. President Donald Trump raised the stakes in the heated trade dispute with China. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo,…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul…
[ad_1] BEIJING (Reuters) – Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news conference in Hong Kong, China, June 25,…
[ad_1] Jack Ma, who founded e-commerce giant Alibaba Group and helped to launch China’s online retailing boom, announced Monday that he will step down as the company’s chairman next September. In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang. Ma handed over the CEO’s post to Zhang in…
[ad_1] BEIJING (Reuters) – Jack Ma, the charismatic co-founder and chairman of China’s largest e-commerce firm Alibaba Group Holding Ltd, has begun making arrangements to step down as part of a long-term transition plan, the company said on Monday. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news conference in…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Monday its transmission factory in northern Japan was preparing to resume production some time during the night shift starting at 8:30 p.m. (1130 GMT), after a powerful quake halted work last week. Landslides caused by an earthquake are seen in Atsuma town, Hokkaido, northern Japan,…
[ad_1] (Reuters) – Shares of Viacom Inc (VIAB.O) could rise “at least” 20 percent over the coming year as the company’s strategy to revitalize itself for the digital age takes root, according to Barron’s. FILE PHOTO The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo The U.S. financial…
[ad_1] LONDON (Reuters) – Roche faces a fresh row over drug pricing in Britain, following a decision by the body responsible for medicine use within the state health service not to approve its drug Ocrevus for treating a highly disabling form of multiple sclerosis (MS). FILE PHOTO: Roche tablets are seen positioned in front of…
[ad_1] NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing “a lack of current, consistent and accurate information.” FILE PHOTO – High-end graphic cards are installed in a cryptocurrency mining computer at a computer mall in Hong Kong,…
[ad_1] It hit headlines last week that the number of “government jobs” in Alberta had grown by 79,000 in a span of less than four years. That’s a big number. But numbers are tricky things. If this is accurate, it means there was a net gain of 1,700 government positions each and every month for 44 straight…
[ad_1] A video blasting replacement workers for crossing the picket line at D-J Composites in Gander, N.L., is proving to be a lightning rod for criticism, but the union representing the company’s locked-out employees has no plans to take it down. The clip, posted online Thursday by Unifor Canada, identifies by name and photo seven replacement…
[ad_1] (Reuters) – Campbell Soup Co’s (CPB.N) board is drawing up a list of CEO candidates, with Chief Operating Officer Luca Mignini emerging as the top internal contender, as the company seeks to fend off a proxy challenge from Daniel Loeb’s hedge fund, Third Point LLC, people familiar with the matter said. FILE PHOTO: Tins…
[ad_1] NEW YORK (Reuters) – CBS Corp (CBS.N) has reached a deal to settle litigation over the control of the company with its controlling shareholder Shari Redstone and National Amusements Inc in a deal expected to be announced as early as before the markets open on Monday, sources familiar with the discussions said. FILE PHOTO:…
[ad_1] NEW YORK (Reuters) – Six additional women have raised assault and harassment claims against CBS Corp (CBS.N) Chief Executive Leslie Moonves in a media report published Sunday. FILE PHOTO: Leslie Moonves, Chairman and CEO, CBS Corporation, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2017. REUTERS/Lucy Nicholson/File Photo…
[ad_1] LONDON (Reuters) – Britain must focus on moving forward with Prime Minister Theresa May’s plans to leave the European Union, housing minister James Brokenshire said on Sunday, after her proposals were criticized by her former foreign minister. “We just need to be very focused on actually moving forward with the Chequers plan. That is…
[ad_1] LONDON (Reuters) – Prime Minister Theresa May’s Brexit deal wraps “a suicide vest around the British constitution” and hands the detonator to the European Union, former foreign minister Boris Johnson said in comments that drew strong criticism. FILE PHOTO: FILE PHOTO: Britain’s Foreign Secretary Boris Johnson delivers a speech on Brexit at the Policy…
[ad_1] LONDON (Reuters) – British interior minister Sajid Javid said on Sunday that the prime minister’s so-called Chequers plan was the only one on the table with the European Union, suggesting that Theresa May is not planning to succumb to pressure to change tack over Brexit. Britain’s Home Secretary Sajid Javid arrives in Downing Street,…
[ad_1] Pipeline protesters suspending themselves in trees. Lawyers halting construction with sharp legal challenges. Hand-wringing over the state of national co-operation. Canada is no stranger to pipeline battles, especially in recent weeks. But this isn’t a scene from B.C’s. Lower Mainland. This is how the fight is playing out in parts of America, under the…
[ad_1] Canada ranks fifth in the world when it comes to the number of people living in a country with a net worth of at least $30 million US — beating out the likes of Switzerland and Hong Kong — according to a new wealth study. According to research firm Wealth X, Canada had around 10,840 residents worth $30 million or more of investable…
[ad_1] (Reuters) – U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports. FILE PHOTO: An attendee uses a new iPhone X during a presentation for the media in Beijing, China October 31, 2017. REUTERS/Thomas Peter/File Photo The company…
[ad_1] FRANKFURT (Reuters) – A working group of German government officials and car industry lobbyists has recommended hardware retrofits for older diesel vehicles as a way to avert inner-city bans, Frankfurter Allgemeine Sonntagszeitung reported. FILE PHOTO: A market ready particulate filter retrofit system for passenger cars to avoid diesel emission is pictured in a garage…
[ad_1] BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during…
[ad_1] The United States-China trade war is creating choppy seas for Canada’s lobster exporters. It has led to the dumping of Maine lobster — now priced out of China — in other Asian markets and Europe, said Jack Liu, president of North American operations for Zoneco, a large Chinese seafood company with a Nova Scotia operation. Dumping is when…
[ad_1] BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder Jack Ma will remain as executive chairman, and will unveil a succession strategy on Monday on his 54th birthday, South China Morning Post reported on Saturday, citing a company spokesman. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news conference…
[ad_1] (Reuters) – Electric carmaker Tesla Inc has seen a flurry of senior executive exits in recent months. The company logo is seen in front of a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Here is a list of executive departures since 2016: 2018 Sept. 7 – Gabrielle…
[ad_1] CHICAGO (Reuters) – Mondelez International Inc (MDLZ.O) forecast smaller-than-expected earnings growth for 2019 as Chief Executive Dirk Van de Put unveiled a series of strategic changes, sending the Chips Ahoy-maker’s shares down 2.8 percent on Friday FILE PHOTO: The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012.…
[ad_1] CARACAS (Reuters) – Manufacturer Pirelli PIRI.UL said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country. The logo of Pirelli is seen at a tire workshop in Caracas, Venezuela August 27, 2018. REUTERS/Marco Bello…
[ad_1] A consumer commission in India has ordered Air Canada and partnering airline, Jet Airways, to pay a Canadian family about $65,000 Cdn. The money is meant to compensate the family for the “mental agony and harassment” they suffered when Air Canada ordered them off a flight. In September 2017, Minali Mittal from Oakville, Ont., and her two young children…
[ad_1] BOSTON (Reuters) – In a speech last month Federal Reserve Chair Jerome Powell voiced doubts about the usefulness of some of the key economic measures officials have been relying on to guide U.S. interest rate policy in recent years. The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie…
[ad_1] BEIJING (Reuters) – China’s trade surplus with the United States widened to a record in August even as the country’s export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. Containers are seen at the Yangshan Deep Water Port, part…
[ad_1] BEIJING (Reuters) – China’s politically charged trade surplus with the United States widened to a record $31.05 billion in August, compared with $28.09 billion in July, customs data showed on Saturday. FILE PHOTO: The label of a Washington D.C. sweatshirt bears a U.S. flag but says “Made in China” at a souvenir stand in…
[ad_1] BEIJING (Reuters) – China’s export growth weakened slightly in August to 9.8 percent from a year earlier, suggesting China’s massive foreign trade sector is losing some momentum as Washington readies more sweeping measures in the two countries’ ongoing trade war. Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free…
[ad_1] NEW YORK (Reuters) – World share indexes registered their biggest weekly declines in almost six months in a volatile session on Friday as investors weighed solid U.S. economic data against expectations for higher interest rates and U.S. trade tensions on multiple fronts. U.S. job growth accelerated in August and wages notched their largest annual…
[ad_1] DALLAS/WASHINGTON (Reuters) – The Federal Reserve should keep raising U.S. interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday. Dallas Federal Reserve Bank President, Robert Kaplan, stands on a stage at Stanford University’s Hoover Institution where he…
[ad_1] BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services on Friday recommended that investors vote in favor of a shareholder proposal at American Outdoor Brands Corp, parent of gun maker Smith & Wesson, calling for a report on the safety of the company’s products. Gun enthusiasts look over Smith & Wesson guns at the National…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies. U.S. stocks were lower for most of Friday’s session but dipped further in the…
[ad_1] WASHINGTON (Reuters) – Worker pay gains in areas of the country that helped power Donald Trump’s 2016 presidential victory were substantially slower than in the rest of the country during the first year of his administration, new government data shows. U.S. President Donald Trump speaks about trade at the Granite City Works steel coil…
[ad_1] NEW YORK (Reuters) – A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018. REUTERS/Brendan McDermid S&P 500 revenue…
[ad_1] WASHINGTON (Reuters) – Media reports that the U.S. Air Force is reviewing the security clearance of Elon Musk, the chief executive of automaker Tesla Inc are inaccurate, U.S. Air Force spokesperson Captain Hope Cronin said on Friday. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, arrives at…
[ad_1] (Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behavior and executive departures that have stunned investors. Shares of the electric carmaker tumbled more than…
[ad_1] (Reuters) – A “wide range” of Apple Inc (AAPL.O) products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials, but gave no sign of an impact on its iPhone cash cow. Apple did not disclose specific revenues for most of the affected products,…
[ad_1] (Reuters) – Jack Ma, Alibaba Group Holding Ltd’s co-founder and executive chairman, is retiring from the company, the New York Times reported on Friday. Jack Ma, founder of Chinese e-commerce giant Alibaba, gestures during the launch of Alibaba’s office in Kuala Lumpur, Malaysia June 18, 2018. REUTERS/Lai Seng Sin/File Photo Ma was quoted as…
[ad_1] WASHINGTON (Reuters) – Canada’s top trade negotiator said on Friday she and her U.S. counterpart were making “very good progress” in talks to save the North American Free Trade Agreement amid increasing Canadian optimism that a deal could be reached, even if a conclusion did not appear imminent. FILE PHOTO: Canadian Foreign Minister Chrystia…
[ad_1] ABOARD AIR FORCE ONE/WASHINGTON (Reuters) – U.S. President Donald Trump warned on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 billion in imports primed for levies in coming days. U.S. President Donald Trump walks…
[ad_1] The Bank of Nova Scotia will no longer use the Ombudsman for Banking Services and Investments to mediate disputes with its customers, leaving the banking watchdog with just two of Canada’s five big banks under its thumb. Scotiabank has advised OBSI that it will no longer use its services to mediate complaints with its retail…
[ad_1] (Reuters) – A “wide range” of Apple Inc (AAPL.O) products including its Watch likely would be hit by proposed U.S. tariffs, the company told U.S. trade officials, but it did not name the iPhone as among the products affected. FILE PHOTO: Apple watches are seen at a new Apple store in Chicago, Illinois, U.S.,…
[ad_1] (Reuters) – Apple Inc (AAPL.O) said on Friday the proposed tariffs by President Donald Trump covers a wide range of its products, including Apple Watch and AirPods, but did not name iPhones. People visit an Apple store in Istanbul, Turkey August 15, 2018. REUTERS/Murad Sezer/File Photo “Our concern with these tariffs is that the…
[ad_1] NEW YORK (Reuters) – Kraft Heinz Co (KHC.O) is feeling the pinch from trade conflicts and rising costs, but is still willing to consider an acquisition to fuel growth, its chief executive officer said on Friday. FILE PHOTO: Bernardo Hees, chief executive of Kraft Heinz Co. and a partner at Brazilian firm 3G Capital,…
[ad_1] NEW YORK (Reuters) – World share indexes limped toward their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions. U.S. job growth accelerated in August and wages notched their largest annual increase in more…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Friday it has charged 10 individuals and 10 associated entities in long-running microcap “pump-and-dump” schemes. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo The…
[ad_1] ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump warned on Friday that he has tariffs ready to go on $267 billion worth of Chinese imports in addition to the $200 billion of the Asian nation’s goods awaiting action by him. U.S. President Donald Trump walks to Marine One while departing the White…
[ad_1] WASHINGTON (Reuters) – U.S. economic growth for the second quarter is likely to be revised higher after data on Friday suggested a bit more consumer spending than previously estimated. A woman walks past Phluid, a new retail shop in New York City, New York, U.S., May 18, 2018. REUTERS/Mike Segar The findings of the…
[ad_1] (Reuters) – Shares of Barnes & Noble Inc jumped as much as 21 percent on Friday after investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company. A woman looks at books inside a Barnes & Noble Booksellers store in…
[ad_1] (Reuters) – U.S. stocks reversed course to trade lower on Friday, after President Donald Trump said a fresh round of tariffs on $267 billion worth of Chinese imports are ready to go, if he wanted, escalating trade war fears. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] MILAN (Reuters) – Around two hundred people queued outside the first Starbucks cafe in Italy on Friday, as the world’s biggest coffee chain faces one of its toughest tests yet with an upmarket roastery in the center of Milan. Customers wait in queue at the entrance of Starbucks Reserve Roastery during the opening day…
[ad_1] WASHINGTON (Reuters) – U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, strengthening views that the economy was so far weathering the Trump administration’s escalating trade war with China. The Labor Department’s closely watched employment report published on Friday also showed slack in the jobs…
[ad_1] NEW YORK (Reuters) – World share indexes limped toward their worst week in almost six months on Friday, with Asia equities hitting a 14-month low and U.S. stocks down in early trading as investors braced for additional trade tariffs and higher U.S. interest rates. The pan-European STOXX 600 ended the week with a 2.3…
[ad_1] The economy lost 51,600 jobs last month, which drove up the unemployment rate and essentially wiped out a big gain in July, Statistics Canada said Friday. The country’s jobless rate hit six per cent in August, up from 5.8 per cent in July, according to the agency’s labour force survey. The often-volatile monthly employment numbers…
[ad_1] (Reuters) – U.S. job growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration’s escalating trade war with China. Job seekers line up at a job fair of an oil services giant Halliburton at the MCM Grande Fundome hotel…
[ad_1] (Reuters) – U.S. stock index futures extend losses on Friday after strong U.S. jobs data underscored tightening labor market conditions and cemented expectations for the Federal Reserve increasing interest rates further. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31, 2018. REUTERS/Brendan McDermid U.S. job…
[ad_1] LONDON (Reuters) – World shares limped toward their worst week in almost six months on Friday, with Asia carving out a 14-month trough as investors braced for a new salvo of Sino-U.S. tariffs. A broker looks at a graph on his computer screen on the dealing floor at ICAP in London, Britain January 3,…
[ad_1] BEIJING (Reuters) – China will continue opening up and improving market access, Premier Li Keqiang said, adding that he hoped U.S. firms would boost investment in the world’s second-largest economy, state television reported on Friday. Chinese Premier Li Keqiang meets with the World Intellectual Property Organization (WIPO) Director General Francis Gurry (unseen) at the…
[ad_1] FRANKFURT (Reuters) – Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015. FILE PHOTO: New Volkswagen cars are seen at the Berlin Brandenburg international airport Willy Brandt in…
[ad_1] MUMBAI (Reuters) – Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high failure rates. Security guards stand outside the office of Johnson & Johnson in Mumbai, India,…
[ad_1] SEOUL/NEW YORK (Reuters) – U.S. activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its dealership in…
[ad_1] LONDON (Reuters) – British Airways was forced to apologize on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the worst ever attack on its website and app. Commuters pass a British Airways advert on the tube at Canary Wharf station in London,…
[ad_1] SEOUL/NEW YORK (Reuters) – U.S. activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its dealership in…
[ad_1] What if you went to an alt-right rally and had nothing to wear but a hat? As chaos at the White House seems to be reaching a crescendo, there are signs that it’s getting hard to find a brand willing to fully endorse Donald Trump’s populist revolution — perhaps with the exception of Make America Great Again hats…
[ad_1] (Reuters) – Financial and personal data has been stolen from potentially hundreds of thousands of British Airways customers who booked online in recent weeks, extending a run of embarrassing technological mishaps suffered by the UK flag carrier. FILE PHOTO: British Airways logos are seen on tail fins at Heathrow Airport in west London, Britain,…
[ad_1] SYDNEY (Reuters) – Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech-heavy region. FILE PHOTO: A pedestrian walks past an electronic board showing the graph of the recent fluctuations…
[ad_1] MILAN (Reuters) – The CEO of Autostrade per l’Italia and Atlantia (ATL.MI) told Italian daily La Stampa on Friday that he felt responsible, but not guilty, for the deadly collapse of a motorway bridge operated by Autostrade. Autostrade per l’Italia Chief Executive Giovanni Castellucci gestures during a news conference about the collapsed Morandi Bridge…
[ad_1] MUMBAI (Reuters) – Johnson & Johnson (J&J) (JNJ.N) said on Friday it would work with the Indian government to compensate patients who suffered from artificial hip implants the U.S. healthcare company recalled eight years ago. Security guards stand outside the office of Johnson & Johnson in Mumbai, India, August 29, 2018. REUTERS/Danish Siddiqui Last…
[ad_1] NEW YORK (Reuters) – Free Wi-Fi, discounted cappuccinos, artwork, and a dancing robot are among the features banks across the United States are touting to convince customers that even in an era of smartphones it is still worth it to visit a bank branch. Pepper the robot is seen at HSBC’s flagship branch on…
[ad_1] SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh restructuring proposal after forcing the South Korean conglomerate to abandon its own reform plan in May. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its dealership in…
[ad_1] WASHINGTON (Reuters) – U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration’s escalating trade war with China. A man holds his briefcase while waiting in line…
[ad_1] SYDNEY (Reuters) – Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech-heavy region. FILE PHOTO: A pedestrian walks past an electronic board showing the graph of the recent fluctuations…
[ad_1] (Reuters) – Media company CBS Corp’s (CBS.N) board is in talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday. These discussions are occurring as the company and its controlling shareholder Shari Redstone and National Amusements Inc are also hammering out a settlement to…
[ad_1] WASHINGTON (Reuters) – U.S. and Canadian negotiators pushed ahead in grinding talks to rescue the North American Free Trade Agreement on Thursday, but a few stubborn issues stood in the way of a deal, including dairy quotas, protection for Canadian media companies, and how to resolve future trade disputes. FILE PHOTO: The flags of…
[ad_1] SYDNEY (Reuters) – Asian shares slipped to a 14-month trough on Friday as investors feared a new round of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech sector. FILE PHOTO: A pedestrian walks past an electronic board showing the graph of the recent fluctuations…
[ad_1] Prepared sashimi products is where you’re likely to find genetically modified salmon in Canada, the CEO of AquaBounty Technologies, a Massachusetts-based biotechnology company that produces the fish, told investors Thursday. Ron Stotish wouldn’t say exactly who is buying the company’s product but did tell a group of investors meeting in New York that it has sold 4.5 tonnes…
[ad_1] KYOTO, Japan (Reuters) – Since starting Nidec in 1973 in a tiny Kyoto shed with just three workers, Shigenobu Nagamori has built it into the world’s top maker of precision motors and became one of Japan’s most venerated business leaders. Nidec Corp’s logo is pictured at an earnings results news conference in Tokyo, Japan,…
[ad_1] (Reuters) – Broadcom Inc (AVGO.O) on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple Inc’s new iPhones is expected to bolster its wireless business. A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S.,…
[ad_1] (Reuters) – The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co’s (WFC.N) wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, citing people familiar with the matter. A Wells Fargo logo is seen in the Chicago suburb of Evanston,…
[ad_1] WASHINGTON (Reuters) – Ford Motor Co (F.N) said on Thursday it would recall 2 million F-150 pickup trucks in North America because of a seat belt problem that could generate excessive sparks and cause fires. The second-largest U.S. automaker said it received 17 reports of smoke or fire in the United States and six…
[ad_1] (Reuters) – Apple Inc (AAPL.O) plans to create an online tool for police to formally request data about its users and to assemble a team to train police about what data can and cannot be obtained from the iPhone maker, according to a company letter seen by Reuters. FILE PHOTO: The company’s logo is…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed, while tech stocks stumbled, led by chipmakers and concerns about increased regulation of social media companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] BOSTON (Reuters) – The parent company of gunmaker Smith & Wesson on Thursday defended its directors and its contribution disclosures ahead of a proxy vote that will test how far leading fund firms will press their concerns about firearms safety. A salesman holds a Smith & Wesson handgun and magazine at the “Ready Gunner”…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed and as tech stocks stumbled on warnings from chipmakers and concerns about increased regulation of social media companies. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] The City of Saskatoon is projecting a $1.1 million shortfall in its 2018 operating budget — and $700,000 of that shortfall is attributed to lower-than-expected cemetery revenues. It’s part of a larger social shift toward choosing cremation over burial, said Tom Jokinen, a former CBC journalist and the author of Curtains: Adventures of an…
[ad_1] The unknown consequences of ongoing trade tensions were front and centre in the Bank of Canada’s decision this week to leave its key interest rate unchanged, a top Bank of Canada official said Thursday. In a speech one day after the rate announcement, senior deputy governor Carolyn Wilkins acknowledged it’s difficult for the central…
[ad_1] So much has been said about the importance of a trade deal with the U.S. for the Canadian economy, as officials from both sides of the border continue to try to hash out a new agreement. But, even if a new NAFTA deal is reached, it will not prevent the Canadian economy from slowing down from…
[ad_1] MADRID (Reuters) – Hotels in Barcelona, the capital of the Spanish region of Catalonia, saw revenue fall 14 percent this summer, a trade association said on Thursday, saying the city had developed a negative reputation internationally. Tourists sunbathe and enjoy water sports in El Arenal beach in the island of Mallorca, Spain, August 11,…
[ad_1] PagerDuty, the popular service that helps businesses monitor their tech stacks, manage incidents and alert engineers when things go sideways, today announced that it has raised a $90 million Series D round at a valuation of $1.3 billion. With this, PagerDuty, which was founded in 2009, has now raised well over $170 million. The…
[ad_1] LONDON (Reuters) – Facebook has removed a feature that allowed users to translate Burmese posts and comments after a Reuters report showed the tool was producing bizarre results. A cellphone user looks at a Facebook page at a shop in Latha street, Yangon, Myanmar August 8, 2018. REUTERS/Ann Wang A Reuters investigation published on…
[ad_1] Fiat Chrysler says it’s invested more than $30 million at its Chelsea Proving Grounds in southeastern Michigan to boost development and testing of autonomous vehicles and advanced safety technologies. The company said in a statement Wednesday that a new facility at the proving grounds begins testing this month and incudes an autonomous highway-speed track, a…
[ad_1] (Reuters) – The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while warnings from Micron Technology and KLA Tencor led a slide in chip stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August…
[ad_1] Microsoft wants to make life easier for enterprise customers. Starting today, it is committing to fix any custom applications that may break as a result of updates to Windows 10 or the Office 365 product suite. Most large companies have a series of custom applications that play a crucial role inside their organizations. When…
[ad_1] (Reuters) – The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co’s wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, citing people familiar with the matter. A Wells Fargo logo is seen in the Chicago suburb of Evanston, Illinois,…
[ad_1] (Reuters) – Media company CBS Corp’s board is in settlement talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday. FILE PHOTO: CEO of CBS Corp, Leslie Moonves, waves on the first day of the annual Allen and Co. media conference in Sun Valley,…
[ad_1] WASHINGTON (Reuters) – New orders for U.S.-made goods fell slightly more than expected in July, weighed down by weak demand for aircraft, but signs of a pickup in business spending suggested that the manufacturing sector remained on solid ground. A worker is seen building an aircraft engine in Phoenix, Arizona, U.S. on September 6,…
[ad_1] Ford is recalling two million F-150 pickup trucks from the last three model years to fix a problem with the front seatbelt pretensioners. The company says it is aware of 17 reports of smoke or fire in the United States and six in Canada stemming from pretensioners in the front driver and passenger seats. The belt’s…
[ad_1] (Reuters) – U.S. stocks were set to open a tad higher on Thursday, as battered technology stocks attempted a recovery, but worries that the Trump administration would make good on its plan for fresh China tariffs weighed on the mood. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] Dreamforce, Salesforce’s massive customer conference is coming later this month to San Francisco, but the news is starting already well ahead of the event. Today, the company announced updates to its core Sales Cloud with an emphasis toward automation and integration. For starters, the company wants to simplify inside phone sales, giving the team…
[ad_1] LONDON (Reuters) – World shares fell for a fifth straight day on Thursday as investors braced for another escalation in a trade war between the United States and China, while emerging-market currencies paused near 15-month lows. The MSCI All-Country World Index, which tracks shares in 47 countries, was down 0.1 percent. Stocks in Europe…
[ad_1] (Reuters) – U.S. stock index futures were mostly flat on Thursday as concerns that the Trump administration would make good on its plan for fresh China tariffs after a public comment period ends, kept investors jittery. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31,…
[ad_1] BEIJING/WASHINGTON (Reuters) – With U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution in sight. FILE PHOTO: A man walks past a countdown board of…
[ad_1] (Reuters) – Citigroup Inc is set to announce a restructuring of its investment banking operations and top executives are taking on new roles, Business Insider reported on Thursday, citing people familiar with the matter. People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith/File…
[ad_1] HONG KONG/SHANGHAI (Reuters) – A U.S. police investigation into an allegation of rape against JD.com Inc (JD.O) CEO Richard Liu has hammered the e-commerce giant’s shares, with the case laying bare risks posed by his iron grip on management and the lack of other leaders to challenge him. FILE PHOTO – JD.com founder Richard…
[ad_1] LONDON (Reuters) – Britain’s Burberry will no longer burn millions of pounds worth of unsold luxury goods or use real fur in its collections following a furor over it environmental record. Shoppers walk past a Burberry store in central London, Britain, November 3, 2017. REUTERS/Toby Melville It admitted in July to destroying 28.6 million…
[ad_1] Despite some of the world’s worst inflation and an economic crisis so severe that 2.3 million people have fled the country in the past four years, Venezuelan President Nicolas Maduro isn’t currently facing major street protests and his political opposition remains fractured. Venezuela has the world’s largest proven oil reserves, but shortages of food, medicine and…
[ad_1] (Reuters) – Freddie Mac (FMCC.PK), the No. 2 U.S. mortgage finance company, said on Wednesday Chief Executive Officer Donald Layton would retire in the second half of 2019, after six years at the helm. FILE PHOTO: Donald Layton, CEO of Freddie Mac, speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California…
[ad_1] BEIJING (Reuters) – China’s commerce ministry said on Thursday that China will be forced to retaliate if the United States implements new tariff measures. FILE PHOTO: A U.S. flag is seen during a welcoming ceremony in Beijing, China, November 9, 2017. REUTERS/Thomas Peter/File Photo China will closely monitor the impact from any fresh tariffs…
[ad_1] LONDON (Reuters) – British luxury brand Burberry said it would no longer burn millions of pounds worth of unsold goods or use real fur in its collections after an uproar over its environmental credentials. Shoppers walk past a Burberry store in central London, Britain, November 3, 2017. REUTERS/Toby Melville The label, which is due…
[ad_1] WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland said that U.S. and Canadian negotiators would continue to talk late into Wednesday evening to try to reach agreement on bilateral terms to reach a new North American Free Trade Agreement. Canadian Foreign Minister Chrystia Freeland takes part in a news conference at the Embassy of…
[ad_1] WASHINGTON/OTTAWA (Reuters) – The United States and Canada have made progress in talks to revise the North American Free Trade Agreement, and officials from the two sides will work together into the night to flesh out areas for further discussion, Canadian Foreign Minister Chrystia Freeland said on Wednesday. Freeland sounded upbeat as she emerged…
[ad_1] MILAN (Reuters) – Starbucks, the world’s biggest coffee chain, will realize its chairman’s dream on Friday when it opens an upmarket roastery and cafe in Milan, but the test will be to convince coffee-obsessed Italians to pay more for their daily espresso. Alembics are seen inside the new Starbucks Reserve Roastery flagship in downtown…
[ad_1] SAN FRANCISCO (Reuters) – Tesla’s (TSLA.O) stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker. FILE PHOTO: A Tesla sales and service center…
[ad_1] SYDNEY (Reuters) – Asian shares fell for a sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the U.S.-China trade war. FILE PHOTO: A man walks in front of a screen showing today’s movements…
[ad_1] SINGAPORE (Reuters) – Facebook (FB.O) said on Thursday it will invest more than $1 billion to build its first data centre in Asia in Singapore, slated to open in 2022. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau/File Photo Facebook’s…
[ad_1] SYDNEY (Reuters) – Asian shares fell for the sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the U.S.-China trade war. FILE PHOTO: A man walks in front of a screen showing today’s movements…
[ad_1] SINGAPORE (Reuters) – Facebook (FB.O) said on Thursday it will build its first data center in Asia in Singapore, investing more than $1 billion. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau/File Photo The U.S. tech firm said the facility…
[ad_1] NEW YORK (Reuters) – Uber Technologies Inc is on track to go public next year and has no plans to sell its self-driving car research arm, Chief Executive Dara Khosrowshahi said on Wednesday. The ride-hailing company will not sell its Advanced Technologies Group “at this time,” he told Reuters in an interview after a…
[ad_1] (Reuters) – CBS Corp (CBS.N) is in settlement talks with Shari Redstone and her family’s holding company National Amusements Inc over litigation for the control of the television and media company, a source familiar with the matter said on Wednesday. Shari Redstone arrives for Variety’s Power of Women luncheon in New York City, U.S.,…
[ad_1] Forethought, a 2018 TechCrunch Disrupt Battlefield participant, has a modern vision for enterprise search that uses AI to surface the content that matters most in the context of work. Its first use case involves customer service, but it has a broader ambition to work across the enterprise. The startup takes a bit of an…
[ad_1] WASHINGTON (Reuters) – The U.S. Department of Justice and state attorneys general will meet this month to discuss concerns that social media platforms are “intentionally stifling the free exchange of ideas,” the department said on Wednesday. Its statement did not name Facebook Inc (FB.O) and Twitter Inc (TWTR.N), whose executives testified in Congress on…
[ad_1] SINGAPORE (Reuters) – Under CEO John Borghetti, Virgin Australia Holdings Ltd (VAH.AX) transformed from a budget airline into a serious rival to Qantas Airways Ltd (QAN.AX) with the backing of strategic investors including Singapore Airlines Ltd and China’s HNA Group. FILE PHOTO: A Tigerair Australia plane sits on the tarmac near Virgin Australia aircraft…
[ad_1] WASHINGTON (Reuters) – Don’t mess with U.S. Senator Marco Rubio. The Republican senator was talking to reporters on Wednesday in a Senate hallway about social media companies’ role in elections and the spreading and blocking of misinformation, while a man spoke over him and reporters. The man was conspiracy theorist Alex Jones, who has…
[ad_1] McCarthyFinch sounds a bit like a law firm — and with good reason. The startup has developed an AI as a Service platform aimed at the legal profession. This week, it’s competing in the 2018 TechCrunch Disrupt Battlefield in San Francisco. The company began life as a project at a leading New Zealand law…
[ad_1] NEW YORK (Reuters) – The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc (FB.O) and Twitter Inc (TWTR.N) executives defended their companies before skeptical U.S. lawmakers. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31, 2018. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – Pricing practices within American Express Co’s (AXP.N) foreign-exchange unit is being probed by the Federal Bureau of Investigation (FBI), the Wall Street Journal reported, citing people familiar with the matter. The logo of Dow Jones Industrial Average stock market index listed company American Express (AXP) is seen in Los Angeles, California, United…
[ad_1] Facebook Inc. has filed a patent infringement complaint against Blackberry Ltd. in a San Francisco court. The social media giant alleges that Waterloo-based Blackberry and its BBM Enterprise instant messaging application infringes on voice instant messaging patents that Facebook holds. Facebook is also taking aim at Blackberry’s use of global positioning systems and tracking…
[ad_1] A week after the Federal Court of Appeal quashed cabinet approval of the Trans Mountain pipeline expansion project, Prime Minister Justin Trudeau said Wednesday his government is looking at all options to get construction back on track — including an appeal of the ruling and new legislation. Speaking to reporters in Edmonton, Trudeau said…
[ad_1] Rugged smartphones, the kind of devices that business can give to their employees who work in harsh environments, are a bit of a specialty market. Few consumers, after all, choose their smartphones based on how well they survive six-foot drops. But there is definitely a market there, and IDC currently expects that the market…
[ad_1] Prime Minister Justin Trudeau is defending NAFTA’s dispute resolution mechanism as necessary in a world where the president of the United States “doesn’t always follow the rules.” Chapter 19 is a known sticking point between Canada and the United States in the renegotiation of the North American Free Trade Agreement; the two negotiating teams returned to…
[ad_1] Elastic, the provider of subscription-based data search software used by Dell, Netflix, The New York Times and others, has unveiled its IPO filing after confidentially submitting paperwork to the SEC in June. The company will be the latest in a line of enterprise SaaS businesses to hit the public markets in 2018. Headquartered in Mountain…
[ad_1] WASHINGTON (Reuters) – The Justice Department said on Wednesday it has convened a meeting with state attorneys general to discuss concerns that social media platforms were “intentionally stifling the free exchange of ideas.” Spokesman Devin O’Malley said the attorney general had convened the meeting this month “to discuss a growing concern that these companies…
[ad_1] After two years operating in stealth, Mint .com founder Aaron Patzer’s new startup Vital Software is open for business. Patzer made the announcement Wednesday while on the Next Stage at Disrupt SF. Patzer’s company, which he co-founded with Dr. Justin Schrager of Emory University, is an enterprise software business that aims to make emergency…
[ad_1] Toyota Motor Corp said on Wednesday it planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to an issue with the engine wire harness which can pose a fire risk. Following a domestic recall announcement by Japan’s transport ministry, Toyota said that…
[ad_1] WASHINGTON/OTTAWA (Reuters) – Canada insisted there was still room to salvage the North American Free Trade Agreement after talks on Wednesday with the United States and said both sides would meet again later in the day after separate discussions on this morning’s proposals. Canadian Foreign Minister Chrystia Freeland takes part in a news conference…
[ad_1] (Reuters) – The Nasdaq tumbled on Wednesday, on pace for its biggest one-day drop in three weeks, as investors sold off technology stocks on concerns stemming from U.S. lawmakers grilling Twitter and Facebook executives over foreign efforts to tilt U.S. politics. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday criticized Nike Inc for its new advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked controversy by kneeling in protest during the national anthem. Trump, without offering evidence, said in a post on Twitter that the sportswear company was “getting absolutely killed with anger…
[ad_1] (Reuters) – Chinese billionaire Wang Jianlin’s real estate-to-media conglomerate Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings Inc, the world’s largest cinema operator, people familiar with the matter said. FILE PHOTO: Wanda Group Chairman Wang Jianlin speaks before a signing ceremony between his company and the Abbott…
[ad_1] WASHINGTON (Reuters) – Top executives from Facebook Inc (FB.O) and Twitter Inc (TWTR.N) defended their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics. Facebook Chief Operating Officer Sheryl Sandberg, who testified alongside Twitter Chief Executive Jack Dorsey, acknowledged to…
[ad_1] The Bank of Canada is keeping its benchmark interest rate steady at 1.5 per cent. The central bank’s rate, known as the target for the overnight rate, affects the percentage borrowers and savers get from retail banks on mortgages, savings accounts and other financial services. All things being equal, the central bank raises its rate when…
[ad_1] Statistics Canada says the country’s merchandise trade deficit with the world shrank to $114 million in July, the smallest since a surplus in December 2016, as the country’s trade surplus with the United States grew to the biggest in a decade. The total value of Canada’s exports rose 0.8 per cent, mainly because of…
[ad_1] WASHINGTON (Reuters) – Top executives from Facebook Inc (FB.O) and Twitter Inc (TWTR.N) will defend their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics. Facebook Chief Operating Officer Sheryl Sandberg, who will testify alongside Twitter Chief Executive Jack Dorsey,…
[ad_1] Twitter isn’t biased for or against any type of partisan but is working on ways to raise the level of debate on its platform, the company’s CEO will tell a Senate hearing in Washington, D.C., today. In prepared testimony released Tuesday before a Senate hearing Wednesday, Twitter chief executive officer Jack Dorsey says, “Twitter does…
[ad_1] FRANKFURT (Reuters) – Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto, and said sales of its consumer care products fell, hitting its shares, already reeling from a legal battle over the weed killer Roundup. FILE PHOTO: The logo of Bayer AG is pictured at the…
[ad_1] CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste told a parliamentary inquiry his main mistake during his tenure as the retailer battled an accounting scandal was agreeing to a joint venture with Austrian businessman Andreas Seifert. Steinhoff’s former Chief Executive Markus Jooste appears in parliament to face a panel investigating an…
[ad_1] Wunder Mobility, the Hamburg-based startup that provides a range of mobility services, from carpooling to electric scooter rentals, has raised $30 million in Series B funding. The round was led by KCK Group, with participation from previous backer Blumberg Capital and other non-disclosed investors. The German company says the investment will be used to…
[ad_1] CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African parliamentary inquiry on Wednesday which is examining an accounting scandal that rocked the retailer. Steinhoff’s former Chief Executive Markus Jooste appears in parliament to…
[ad_1] LONDON (Reuters) – On any given day, the chair in Raven Rose’s Ewing, New Jersey, bedroom might be draped with shirts, pants or pyjamas. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay “It depends on how exhausted from work…
[ad_1] BRUSSELS (Reuters) – U.S. and EU trade chiefs will hold a first meeting in Brussels on Monday to pursue closer transatlantic ties after U.S. President Donald Trump agreed to drop his threat of tariffs on EU cars. FILE PHOTO – U.S. Trade Representative Robert Lighthizer testifies before Senate Appropriations Commerce, Justice, Science, and Related…
[ad_1] LONDON (Reuters) – A looming deadline in the U.S.-China trade conflict kept the dollar near two-week highs on Wednesday, inflicting fresh losses on emerging markets and sending world stocks lower for the fourth day in a row. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Wednesday it planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to an issue with the engine wire harness which can pose a fire risk. A man walks past a Toyota Motor Corp…
[ad_1] MINNEAPOLIS/SHANGHAI (Reuters) – The CEO of Chinese online retail giant JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information report released by police on Tuesday. Liu, who through his lawyers has denied any wrongdoing, was released from custody on Saturday without being charged…
[ad_1] Canada returns to the NAFTA table in Washington Wednesday after a four-day break in negotiations that appeared to be pretty stressful … for the American side. The Trump administration’s failure to secure a deal before last Friday wasn’t well-received by key voices in Congress, where NAFTA’s fate ultimately will be decided. By the end of the weekend,…
[ad_1] A Minneapolis police report says the arrest of Chinese billionaire Liu Qiangdong, founder of the Beijing-based e-commerce site JD.com, was over a felony rape accusation. The report doesn’t provide details of the alleged incident. No charges have been filed against the billionaire, also known as Richard Liu. Jail records show he was arrested Friday…
[ad_1] TOKYO (Reuters) – Stock markets fell in Asia on Wednesday and the safe-haven dollar hovered near a two-week high as heightened worries over international trade conflicts and emerging market weakness curbed investors’ appetite for riskier assets. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a business…
[ad_1] (Reuters) – Boeing Co (BA.N) said on Wednesday its KC-46 mid-air refueling tanker program completed the U.S. Federal Aviation Administration certification, nearly three years after the planemaker commenced testing for the certification. The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/File Photo The KC-46,…
[ad_1] SYDNEY (Reuters) – Wealth manager Perpetual Ltd (PPT.AX) said it has divested Commonwealth Bank of Australia (CBA.AX) from its A$1.3 billion ($933.6 million) ethical fund due to revelations of corporate misconduct, the first big institutional investor to do so. FILE PHOTO: A Commonwealth Bank of Australia logo adorns the wall of a branch in…
[ad_1] SINGAPORE (Reuters) – Saudi Arabia’s state-owned oil giant Aramco is teaming up with South Korean refiner S-Oil Corp (010950.KS) for a joint reception at this year’s Asia Pacific Petroleum Conference (APPEC) in Singapore, according to two industry sources. The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia May 23,…
[ad_1] BUENOS AIRES (Reuters) – Economists expect Argentina’s gross domestic product to shrink 1.9 percent this year compared to a 0.3 percent previously estimated contraction, according to the median forecasts of a central bank poll published on Tuesday. Inflation in 2018 is now seen rising to 40.3 percent, versus 31.8 percent in the last monthly…
[ad_1] TOKYO (Reuters) – Stock markets in Asia tracked their global peers lower while the safe-haven dollar hovered near a two-week high on Wednesday as heightened worries over international trade conflicts curbed investor appetite for riskier assets. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a business…
[ad_1] (Reuters) – Embattled blood-testing company Theranos Inc will soon formally dissolve, the Wall Street Journal reported here on Tuesday, citing a shareholder email. FILE PHOTO: Theranos Chief Executive Officer Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in the Manhattan borough of New York,…
[ad_1] Nike ads are about making money, but some have also bled over into social commentary — like the new Colin Kaepernick spot. The NFL quarterback — a household name since he first “took a knee” in protest during the U.S. national anthem — is now also the face of Nike’s “Just Do It” campaign as it marks its…
[ad_1] WASHINGTON/BUENOS AIRES (Reuters) – Argentina’s government said on Tuesday it hoped the International Monetary Fund would agree in the second half of September to a deal giving the country more financial support as it seeks to escape a deepening economic crisis. Argentine Treasury Minister Nicolas Dujovne talks to the media after his meeting with…
[ad_1] WASHINGTON (Reuters) – International Monetary Fund Managing Director Christine Lagarde said on Tuesday that she and Argentina’s Finance Minister made progress toward strengthening the IMF-backed program for Argentina in the face of market volatility. International Monetary Fund (IMF) Managing Director Christine Lagarde greets Argentine Treasury Minister Nicolas Dujovne at the IMF in Washington, U.S.,…
[ad_1] TOKYO (Reuters) – Asian stocks tracked their global peers lower while the safe-haven dollar was broadly higher on Wednesday as worries over persistent trade conflicts curbed investor appetite for riskier assets. FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage at a business district in Tokyo, Japan August…
[ad_1] MINNEAPOLIS/SHANGHAI (Reuters) – The founder and chief executive of Chinese retailer JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information report released by police on Tuesday. FILE PHOTO: Richard Liu, CEO and founder of China’s e-commerce company JD.com, attends a France-Chinese forum on…
[ad_1] WASHINGTON (Reuters) – Top Twitter Inc and Facebook Inc executives will defend their companies before U.S. lawmakers on Wednesday, with Facebook insisting it takes election interference seriously and Twitter denying its operations are influenced by politics. Facebook and Twitter logos are seen on a shop window in Malaga, Spain, June 4, 2018. REUTERS/Jon Nazca/File…
[ad_1] NEW YORK (Reuters) – U.S. stocks fell on Tuesday as trade concerns lingered and declines in Facebook and Nike shares weighed on Wall Street’s major indexes, though data showing U.S. manufacturing activity accelerated in August kept losses in check. Facebook Inc (FB.O) shares fell 2.6 percent after brokerage MoffettNathanson downgraded the social media company,…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) on Tuesday briefly joined Apple Inc (AAPL.O) to become the second $1 trillion publicly listed U.S. company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing. Its shares traded as high as $2,050.50 before easing a little to end…
[ad_1] New research suggests Canadian oil is among the world’s most carbon-heavy, but Canada’s industry also has rules that could make a big dent in global greenhouse gas emissions if they were adopted worldwide. Joule Bergerson, an associate professor in the Department of Chemical and Petroleum Engineering at the University of Calgary, said if oil-producing countries…
[ad_1] Apttus, a quote-to-cash vendor built on top of the Salesforce platform that looked to be heading toward an IPO in recent years has taken a different tack, instead being acquired by private equity firm Thoma Bravo today. The company did not reveal the purchase price, but said it could be ready to share more…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) on Tuesday joined Apple Inc (AAPL.O) to become the second $1 trillion publicly listed U.S. company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing. If the online retailer’s share gains keep up the pace, it would be a…
[ad_1] NEW YORK/HONG KONG/BEIJING (Reuters) – Apple farmers across the U.S. Northwest fear they will be the next victims of a U.S.-China trade war that left cherry growers in the same region with weak prices and having to scramble for alternative buyers because of prohibitive Chinese tariffs. Gala apples are for sale at the B&B…
[ad_1] LONDON (Reuters) – How the United States supervises cross-border derivatives is flawed and needs resetting to avoid fragmenting markets and placing undue burden on companies, a top U.S. regulator said on Tuesday. J. Christopher Giancarlo Chairman, U.S. Commodity Futures Trading Commission, speaks at the Milken Institute 21st Global Conference in Beverly Hills, California, U.S.…
[ad_1] NEW YORK (Reuters) – Stocks fell in major markets around the world on Tuesday and emerging markets currencies lost ground while the U.S. dollar rose as investors looked for safety as they braced for an escalation in the U.S.-China trade conflict. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] To puff or to putt — or both. That’s the question facing golfers and businesses with a little over six weeks to go before marijuana is legalized on Oct. 17. Players, for their part, are deciding whether they choose to use before or during a round. Private golf courses will need to choose whether they will…
[ad_1] Amazon has become the second publicly traded company to be worth $1 trillion US, hot on the heels of iPhone maker Apple. Amazon has revolutionized how people shop online and is the world’s dominant internet retailer. In two decades the company expanded far beyond its bookseller beginnings, combining its world-spanning retail operation with less…
[ad_1] The Bank of Canada is widely expected to keep interest rates on hold in its monetary policy decision on Wednesday, with many expecting the central bank to sit on the sidelines a bit longer as trade negotiations between Canada and the U.S. continue. The odds of an interest rate hike tomorrow are below 10 per…
[ad_1] NEW YORK (Reuters) – Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week. FILE PHOTO: An oil tanker is seen at sunset anchored off the…
[ad_1] WASHINGTON (Reuters) – French pharmaceutical giant Sanofi (SASY.PA) will pay more than $25 million to settle charges that its Kazakhstan and Middle East subsidiaries made corrupt payments to win business, the top U.S. securities regulator said on Tuesday. FILE PHOTO: The logo of Sanofi is pictured during the Viva Tech start-up and technology summit…
[ad_1] The parent company of Tim Hortons seized ownership of four locations from a restaurant owner heading an unsanctioned franchisee group after he allegedly leaked sensitive corporate news to the media. Restaurant Brands International (RBI) says David Hughes, president of the Great White North Franchisee Association, was stripped of his licence to own the restaurants,…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) hiked the number of passenger cars registered for road use with the authorities by 46.2 percent in Germany last month, lifting German passenger car registrations by 24.7 percent in August, statistics from the KBA German vehicle authority showed. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in…
[ad_1] Shares of Nike Inc fell 3 per cent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media following its choice of Colin Kaepernick as a face for the 30th anniversary of its “Just Do It” slogan. Former San Francisco quarterback Kaepernick, the first NFL player to kneel…
[ad_1] (Reuters) – U.S. stocks opened lower on Tuesday, the first trading day in September, as declines in heavyweights such as Nike and Facebook added to worries over trade negotiations between United States and other major economies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31,…
[ad_1] (Reuters) – Toyota Motor Corp (7203.T) on Tuesday reported a 2 percent fall in U.S. auto sales in August, hurt by a slump in sales for its passenger cars. FILE PHOTO: A transport truck carries new Toyota trucks through an inspection station after clearing U.S. customs from Mexico at the border in Otay Mesa…
[ad_1] SHANGHAI (Reuters) – Chinese retailer JD.com Inc’s (JD.O) stock fell about 3.6 percent in early trading on Tuesday after the firm’s CEO was arrested in the United States on suspicion of criminal sexual conduct and later released. FILE PHOTO: Richard Liu, CEO and founder of China’s e-commerce company JD.com, attends a France-Chinese forum on…
[ad_1] LONDON (Reuters) – A rebound in Chinese shares and a rally in Italian bonds failed to keep Europe’s spirits up on Tuesday, as a renewed burst of dollar strength and news South Africa had slumped into recession ramped up the pressure on emerging markets again. A U.S. Dollar note is seen in this June…
[ad_1] NEW DELHI (Reuters) – Lockheed Martin (LMT.N) will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday. Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough International Airshow in Farnborough,…
[ad_1] FRANKFURT (Reuters) – Bayer is considering job cuts and outsourcing as part of a wide-ranging review of drug research and development that will last until at least November, a person familiar with the company told Reuters. FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal,…
[ad_1] HELSINKI (Reuters) – Finland’s state-controlled airline Finnair (FIA1S.HE) has turned to the financial world for its new chief executive, appointing Nordea Bank’s (NDA.ST) Topi Manner to take the role from January. An airplane from Finnair prepares to take-off at Cointrin airport in Geneva, Switzerland December 5, 2017. REUTERS/Pierre Albouy Manner, 44, currently works as…
[ad_1] Tresorit, the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital. A number of existing investors also participated, such as Andreas Kemi, an early…
[ad_1] AMSTERDAM (Reuters) – The Netherlands pilots’ union said on Tuesday it has reached agreement on a new deal with Air France-KLM over working hours, removing the threat of strike action later this year. An Air France airplane takes off at the Charles-de-Gaulle airport in Roissy, near Paris, France, August 26, 2018. Picture taken August…
[ad_1] Atlassian today announced the first beta of a new edition of its flagship Jira project and issue tracking tool that is meant to help ops teams handle incidents faster and more efficiently. Jira Ops integrates with tools like OpsGenie, PagerDuty, xMatters, Statuspage, Slack and others. Many teams already use these tools when their services…
[ad_1] LONDON (Reuters) – A rebound in Chinese shares and a rally in Italian bonds bolstered Europe’s spirits on Tuesday, though the pressure remained firmly on emerging market currencies as the dollar shifted up through the gears again. A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration Asian stocks…
[ad_1] BEIJING (Reuters) – Some automakers in China are alarmed by proposed government restrictions on investing in new manufacturing capacity and the ways in which Beijing is trying to trigger consolidation of the country’s flabby auto industry through mergers and strategic cooperation. FILE PHOTO: Traffic congestion is pictured in Shanghai, China, April 19, 2017. REUTERS/Joe…
[ad_1] In an era of polarized politics, the reaction last week when Canada’s Special Envoy to Myanmar Bob Rae tweeted about Venezuela, should not have been a surprise. On the face of it, the tweet by Rae, who was interim leader of the federal Liberals and the only provincial New Democratic Party leader to ever become premier of…
[ad_1] COPENHAGEN (Reuters) – Sales of Lego dinosaurs and a Bugatti sports car helped the Danish toymaker stabilize revenue in the first half of this year after a drop in 2017 for the first time in more than a decade. FILE PHOTO: A LEGO Windsor Castle replete with the upcoming wedding between Britain’s Prince Harry…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. FILE PHOTO: An oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo U.S. West…
[ad_1] SHANGHAI (Reuters) – Asian shares rose on Tuesday, with markets reversing earlier losses, but investors were apprehensive as the Sino-U.S. trade dispute threatened to escalate this week and Argentina’s austerity measures rattled emerging markets. Passersby using umbrellas struggle against a heavy rain and wind in front of an electronic stock quotation board as Typhoon…
[ad_1] SHANGHAI (Reuters) – Asian shares fell and the dollar turned higher on Tuesday as the trade dispute between the United States and China threatened to escalate this week, and as emergency austerity measures in Argentina underscored the turbulence gripping emerging markets. Passersby using umbrellas struggle against a heavy rain and wind in front of…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. FILE PHOTO: An oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo U.S. West…
[ad_1] SHANGHAI (Reuters) – Asian shares fell in early trade on Tuesday, amid growing concerns over escalating international trade disputes and as emergency austerity measures in Argentina highlighted turbulence in emerging markets. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.2 percent after European shares ended mostly flat, though a weak British…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. FILE PHOTO: An oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo…
[ad_1] LONDON (Reuters) – There is a one chance in four that Britain will leave the European Union in March without a deal, a Reuters poll found, while the Bank of England will wait until after Brexit before raising borrowing costs again. An anti-Brexit protester waves an EU flag opposite the Houses of Parliament in…
[ad_1] SAN FRANCISCO/MUMBAI (Reuters) – Google retains only a slight lead over Facebook in the competition for digital ad dollars in the crucial India market, sources familiar with the figures say, even though the search giant has been in the country far longer and has avoided the controversies that have dogged its rival. FILE PHOTO:…
[ad_1] SAO PAULO (Reuters) – A blind woman said an Uber [UBER.UL] driver abruptly left her on the side of a Rio de Janeiro street last week after loudly berating her over her request that he turn down the car’s air conditioning, the latest safety incident involving the ride-hailing firm. The Uber logo is displayed…
[ad_1] When you’re primarily a storage company with enterprise aspirations, as Dropbox is, you need a layer to to help people use the content in your system beyond simple file sharing. That’s why Dropbox created Paper, to act as that missing collaboration layer. They announced some enhancements to Paper to keep people working in their…
[ad_1] STOCKHOLM/PARIS (Reuters) – Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s (TSLA.O) dominance of the fast-growing market for premium battery cars. FILE PHOTO: A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. REUTERS/Kim…
[ad_1] MOSCOW (Reuters) – Russian state bank VTB (VTBR.MM) apologized for its CEO Andrey Kostin who made what it called an “emotional comment” on Monday when he described former British foreign minister Boris Johnson as a “jerk”. Chief executive of Russia’s VTB bank Andrey Kostin attends a session of the St. Petersburg International Economic Forum…
[ad_1] JOHANNESBURG (Reuters) – South African clothing and homeware retailer The Foschini Group (TFG) (TFGJ.J) said on Monday its London business would be likely to incur some bad debt write-offs as a result of the collapse of House of Fraser. FILE PHOTO: A branded sign is seen outside a House of Fraser store in Bristol,…
[ad_1] LONDON (Reuters) – Global stock markets fell for a third straight day on Monday, hurt by worries over the escalation of trade disputes between world powers and a deepening sell-off across emerging market currencies. With U.S. markets closed for Labor Day, trading activity was generally subdued. European shares were largely flat .GDAXI .FCHI, although…
[ad_1] PARIS (Reuters) – France’s Societe Generale (SOGN.PA) expects penalties relating to its dispute with U.S. authorities over international sanctions violations to be close to 1.2 billion euros ($1.4 billion) which would almost entirely be covered by provisions. FILE PHOTO: A general view shows French bank Societe Generale headquarters buildings in La Defense near Paris,…
[ad_1] PARIS (Reuters) – French bank Societe Generale (SOGN.PA) expects penalties related to its dispute with U.S. authorities over international sanctions violations will be close to 1.2 billion euros ($1.39 billion), it said on Monday. FILE PHOTO: A general view shows French bank Societe Generale headquarters buildings in La Defense near Paris, France, February 11,…
[ad_1] When Stephen Dennis was raising his two sons in the 1980s, he never heard the phrase “screen time,” nor did he worry much about the hours his kids spent with technology. When he bought an Apple II Plus computer, he considered it an investment in their future and encouraged them to use it as…
[ad_1] PARIS (Reuters) – Carrefour (CARR.PA), Europe’s largest retailer, said on Monday that the head of yogurt maker Danone (DANO.PA) will sit on a food advisory committee the supermarket group is setting up as it seeks to boost sales of organic products. FILE PHOTO: Alexandre Bompard, chief executive officer of French retailer Carrefour, addresses a…
[ad_1] Argentina’s President Mauricio Macri announced new taxes on exports and the elimination of several ministries on Monday in a bid to halt economic turmoil that has sent the peso to record lows. Macri said in a televised statement that he will also allocate more economic aid and strengthen food plans for Argentines who suffer…
[ad_1] LONDON (Reuters) – Britain’s TSB was hit by another technology glitch on Monday, the latest since a botched IT upgrade in April resulted in one of the country’s worst banking outages. FILE PHOTO: A sign outside a branch of the TSB bank in central London March 12, 2015. REUTERS/Neil Hall/File Photo TSB chief executive…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Labor Day hit back at Richard Trumka, president of the United States’ largest federation of labor unions, after Trumka said on Sunday that the president’s policies had hurt American workers. FILE PHOTO – U.S. President Donald Trump delivers remarks before signing an executive order on strengthening…
[ad_1] BEIJING (Reuters) – A lawyer for JD.com Inc (JD.O) CEO Richard Liu, who was arrested on suspicion of criminal sexual misconduct in the U.S. state of Minnesota and later released, said on Monday that Liu denies any wrongdoing, and also said he does not expect charges to be brought against his client. Earl Gray,…
[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. Increased baggage fees It’s going to cost you more to check a bag on an Air Canada or WestJet flight, and your carry-on luggage could be next. The two airlines are…
[ad_1] WPP named company veteran Mark Read as its new CEO on Monday to steer the world’s biggest advertising company through a period of unprecedented change and following the acrimonious exit of its founder Martin Sorrell. The 51-year-old takes charge of the $21 billion US company at a tough time following a year-long sharp downturn…
[ad_1] European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday. France’s CAC 40 was up 0.1 per cent to 5,410, while Germany’s DAX lost 0.2 per cent to 12,338. Britain’s FTSE 100 gained 0.9…
[ad_1] BEIJING (Reuters) – The CEO of JD.com Inc (JD.O), Richard Liu, has returned to China, the Chinese e-commerce giant said on Monday, days after he was arrested by police in the U.S. city of Minneapolis on suspicion of criminal sexual conduct and later released. Police said an investigation was ongoing. JD.com, has said that…
[ad_1] BEIJING/SHANGHAI (Reuters) – Richard Liu, founder and chief executive of JD.com, has kept tight control of the business as he takes aim at the likes of Amazon.com (AMZN.O), but faces a battle on a new front after being arrested in the United States following an accusation of sexual misconduct. FILE PHOTO: Richard Liu, CEO…
[ad_1] BEIJING/NEW YORK (Reuters) – The CEO of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested by U.S. police on suspicion of criminal sexual conduct and later released in what police said was an ongoing investigation. JD.com said in a statement that the accusation against Liu, 45, was unsubstantiated and “local police quickly…
[ad_1] The billionaire CEO of Chinese e-commerce giant JD.com Inc, Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing. JD.com said in a statement that the accusation against Liu, 45, was unsubstantiated and “local police quickly determined there…
[ad_1] LONDON (Reuters) – Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France,…
[ad_1] This Labour Day, union groups are marking what they see as a milestone in their movement — new clout in the NAFTA talks that have unfolded over the last year. While much has been said about the declining power of unions, labour groups say they’re playing a crucial, unprecedented role in the negotiations. The Liberal government has…
[ad_1] The back-to-school period is one of the busiest times of the year for Canadian telecom companies, resulting in a barrage of special promotions — which can be both a blessing and a curse for budget-minded students. As a result, one of the most valuable life lessons for today’s university and college students presents itself…
[ad_1] BEIJING/NEW YORK (Reuters) – The billionaire CEO of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing. JD.com said in a statement that the accusation against Liu, 45, was unsubstantiated and…
[ad_1] TOKYO (Reuters) – Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at the Paul W. Conley Container Terminal in Boston, Massachusetts, U.S., May 9, 2018.…
[ad_1] BEIJING/NEW YORK (Reuters) – The billionaire CEO of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing. JD.com said in a statement that the accusations against Liu, 45, were unsubstantiated and…
[ad_1] WELLINGTON (Reuters) – Starbucks Corp (SBUX.O) will have a new partner in New Zealand after the license holder said it will not renew its two-decade-old deal in a region where an entrenched coffee culture has made it difficult for the world’s largest coffee chain to thrive. Customers pass by the logo of an American…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File…
[ad_1] TOKYO (Reuters) – Asian stocks dipped on Monday on worries about further escalation of the U.S-China trade war and unstable emerging market currencies. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at the Paul W. Conley Container Terminal in Boston, Massachusetts, U.S., May 9, 2018. REUTERS/Brian Snyder/File Photo MSCI’s broadest index…
[ad_1] SINGAPORE (Reuters) – Brent crude oil prices dipped on Monday amid rising supply from OPEC and the United States, although expectations of falling Iranian output once U.S. sanctions bite from November provided some support. FILE PHOTO: Oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017.…
[ad_1] BENGALURU (Reuters) – The historic run-up in world shares will continue through 2019, but the outlook for almost half of the major bourses polled by Reuters has slipped, with many now only expected to recoup losses from this year’s sell-off. A trader works at the New York Stock Exchange (NYSE) in Manhattan, New York,…
[ad_1] This Labour Day, former Employment Insurance fraud investigator Sylvie Therrien wishes she was still employed instead of being caught in a “bureaucratic nightmare” trying to get her job back. The Vancouver woman says she’s been trying for five years, and it’s left her financially devastated and emotionally drained. Therrien is just one of “hundreds…
[ad_1] LONDON (Reuters) – Investors returning from their summer holidays in the coming days are likely to feel a distinct chill in the air as they assess the world economy. Growth globally of about 4 percent this year has raised hopes that the hangover of the financial crisis has finally lifted, a full 10 years…
[ad_1] (Reuters) – Restaurant Brands New Zealand said it would not renew its license deal with Starbucks Corp (SBUX.O) when it expires in October. Customers pass by the logo of an American coffee company Starbucks inside a coffee shop in Rio de Janeiro, Brazil August 15, 2018. REUTERS/Pilar Olivares The fast-food company said in a…
[ad_1] (Reuters) – U.S. automaker Ford Motor Co (F.N) plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times. The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7,…
[ad_1] BEIJING (Reuters) – The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation. FILE PHOTO: JD.com founder Richard Liu attends a business forum…
[ad_1] BRASILIA (Reuters) – Executives from Petróleo Brasileiro SA (PETR4.SA) will meet with economic aides to presidential candidates this month to discuss their agenda for the state-controlled oil company, newspaper Estado de S.Paulo said on Sunday. FILE PHOTO: A Petrobras gas station is pictured reflected in a car window in the outskirts of Sao Paulo,…
[ad_1] FRANKFURT (Reuters) – Qatar plans to invest billions of dollars more in Germany and will broaden its focus to the country’s medium-sized companies, business newspaper Handelsblatt said in a report due to be published on Monday. Citing diplomatic and company sources, the paper said that the Qatar Investment Authority (QIA) and private sector players…
[ad_1] ATHENS (Reuters) – Core profit at Hellenic Petroleum (HEPr.AT), Greece’s biggest oil refiner, is expected to top 1 billion euros ($1.2 billion) this year, the company’s chief executive said on Sunday. FILE PHOTO: A general view of the Hellenic Petroleum refineries is seen at Aspropyrgos town, west of Athens, February 24, 2012. REUTERS/John Kolesidis/File…
[ad_1] (Reuters) – Indonesia will partner with Alibaba (BABA.N) head Jack Ma on ways to use Alibaba’s platform ecosystem to increase its exports, especially to China, its communications minister told Reuters on Sunday. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news conference in Hong Kong, China, June 25, 2018.…
[ad_1] FRANKFURT (Reuters) – Germany’s Transport Ministry said on Sunday there was no fresh news in a Bild am Sonntag report that Volkswagen (VOWG.DE) engineers told investigators certain petrol engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg,…
[ad_1] DUBAI (Reuters) – Saudi Arabia’s sovereign fund has named Andrew Liveris, the former chairman and chief executive of Dow Chemical, as a special adviser, in its highest-profile appointment of any global manufacturing executive. FILE PHOTO: Dow Chemical CEO Andrew Liveris participates in a business leaders panel discussion as part of the U.S.-Africa Business Forum…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG.DE) engineers have told investigators that certain petrol engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests, Sunday paper Bild am Sonntag said. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo A spokesman for…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG.DE) engineers have told investigators that certain petrol engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests, Sunday paper Bild am Sonntag said. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo A spokesman for…
[ad_1] NEW DELHI (Reuters) – Indian software services exporter Wipro Ltd (WIPR.NS) won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services, the company said in a statement on Sunday. The logo of Wipro is seen inside the company’s headquarters in Bengaluru, India, January 19, 2018. REUTERS/Abhishek N.…
[ad_1] (Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by opening a new office in Germany and investing $4 million in an Israeli venture capital fund. FILE PHOTO: The Sky News logo is seen on the outside of offices and studios in west London,…
[ad_1] VIENNA (Reuters) – Switzerland’s Novartis (NOVN.S) plans to streamline its worldwide production to increase its operating profit margin despite falling prices for its drugs in the United States, its chairman was reported as saying. FILE PHOTO: Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland…
[ad_1] On Saturday, U.S. President Donald Trump renewed his threat to withdraw entirely from the North American Free Trade Agreement and warned Congress to butt out of negotiations with Canada. The latest Twitter volley came as Prime Minister Justin Trudeau sought the advice of a man who understands the pressure-cooker of high-stakes trade negotiations —…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether. FILE PHOTO – U.S. President Donald Trump delivers remarks before signing…
[ad_1] At a Fort McMurray diner on Friday, many customers sipped coffee and swallowed their disappointment as they discussed a federal court ruling that has halted work on the Trans Mountain pipeline project. The $7.4-billion project, which would double the amount of Alberta petroleum products shipped to West Coast refineries, was approved by the federal government in…
[ad_1] As he left the stage after an event in Charlotte, N.C., on Friday, Donald Trump’s team played the song You Can’t Always Get What You Want by the Rolling Stones. It is fun to imagine it as a commentary on the NAFTA talks — but was it a message for Canada, or Trump’s supporters? The renegotiation of…
[ad_1] An accountant who the Canada Revenue Agency had claimed was possibly behind widescale tax fraud won’t face criminal charges due to lack of proof of intent. Investigators had alleged that Mohamed Ali Jesow, who prepared and filed tax returns for hundreds of people out of a basement office in west end Toronto, systematically fabricated…
[ad_1] LONDON (Reuters) – The unassuming Mark Read will embark on the unenviable role of running WPP (WPP.L) this week, tasked with reshaping a group at the center of seismic industry change following the departure of the world’s most high profile advertising boss Martin Sorrell. FILE PHOTO: Mark Read, Co-Chief Operating Officer of advertising agency…
[ad_1] (Reuters) – United Continental Holdings Inc (UAL.N) on Friday increased its checked bag fees on routes to and from North America, the Caribbean and Central America, the company said, as it grapples with rising fuel costs. FILE PHOTO: A United Airlines aircraft taxis as another lands at San Francisco International Airport, San Francisco, California,…
[ad_1] NEW YORK (Reuters) – U.S.-based mutual fund managers worried about the outlook for bank earnings have been trimming financial stocks from their portfolios, although some value-oriented portfolio managers and analysts said they still see attractive opportunities in the sector. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] WASHINGTON (Reuters) – U.S. and Canadian officials have concluded a days-long round of talks on the North American Free Trade Agreement, a Canadian official said on Friday. The official said Canadian Foreign Minister Freeland would hold a news conference to discuss the talks at 4:30 p.m. (2030 GMT) on Friday. Reporting by Julie Gordon;…
[ad_1] The “burn your bra” movement is back, this time ignited by young women shunning the undergarment not for political reasons, but in the name of comfort. However, some braless women feel discomfort when managers mandate they must wear one in the workplace — a rule that could be deemed discriminatory, because it only applies to one gender. “It’s unnecessary,”…
[ad_1] CHARLOTTE, N.C. (Reuters) – U.S. President Donald Trump said on Friday that Canada had taken advantage of the United States on trade, as talks between the two countries, who are seeking to revamp the North American Free Trade Agreement, soured sharply. U.S. President Donald Trump delivers remarks before signing an executive order on strengthening…
[ad_1] SHANGHAI (Reuters) – China’s HNA Group HNAIRC.UL reduced its debt load in the first half of 2018 as the company sold off assets acquired under a high-profile acquisition spree helmed by its former chairman, according to the company’s latest financial report. A HNA Group logo is seen on the building of HNA Plaza in…
[ad_1] WASHINGTON (Reuters) – Talks between the United States and Canada aimed at reaching a deal to revamp the North American Free Trade Agreement ended on Friday with no agreement, the Wall Street Journal reported, citing unnamed sources. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan,…
[ad_1] BOSTON (Reuters) – Billionaire investor William Ackman, whose hedge fund is posting double-digit returns largely thanks to gains in Chipotle Mexican Grill (CMG.N) shares, said on Friday he expects to stay a long-term investor even after he sold some of the shares. The logo of Chipotle Mexican Grill is seen at the Chipotle Next…
[ad_1] WASHINGTON (Reuters) – President Donald Trump told the U.S. Congress on Friday he plans to sign a trade deal with Mexico in 90 days, which Canada could join “if it is willing,” Trump’s top trade official said on Friday. In a statement, U.S. Trade Representative Robert Lighthizer said U.S. officials would resume talks with…
[ad_1] SAN FRANCISCO (Reuters) – A Senate hearing about reforming the U.S. Postal Service that could have scrutinized what Amazon.com Inc (AMZN.O) and others pay for package delivery has been delayed, three sources familiar with the matter told Reuters, moving back President Donald Trump’s effort to hike the world’s largest online retailer’s rates. Trump has…
[ad_1] WASHINGTON (Reuters) – The Trump administration believes that it will be in compliance with congressional “fast-track” trade negotiating authority whether it pursues a bilateral trade deal with Mexico or the trilateral North American Free Trade Agreement that also includes Canada, a senior administration official said on Friday. The official told reporters on a conference…
[ad_1] WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland on Friday expressed confidence that Canada could reach agreement with the United States on a renegotiated NAFTA trade pact if there was “good will and flexibility on all sides.” FILE PHOTO: Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative’s office in…
[ad_1] MEXICO CITY (Reuters) – Mexico’s Economy Ministry said on Friday that the U.S. notification to Congress of its intent to sign a trade accord with Mexico represents progress in formalizing agreements reached in talks to renegotiate the North American Free Trade Agreement (NAFTA). “The notification sent by the United States represents a step forward…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) has abruptly killed a plan to sell a Chinese-made small vehicle in the United States because of the prospect of higher U.S. tariffs, the head of the automaker’s North American operations said Friday. The automaker’s decision came as U.S. President Donald Trump is escalating a trade battle…
[ad_1] NEW YORK (Reuters) – The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend. Capping a low-volume, late-summer week marked by tariff-related volatility, all three major U.S.…
[ad_1] (Reuters) – Ontario will include some Tesla Inc car owners under its rebate plan as the province winds down an incentive program for electric cars, the ministry of transportation said on Friday. FILE PHOTO: Tesla superchargers are installed at the Quinte Mall in Belleville, Ontario, Canada, May 6, 2018. REUTERS/David Lucas/File Photo The decision…
[ad_1] TORONTO/WASHINGTON (Reuters) – Canada and the United States ended talks to revamp the North American Free Trade Agreement (NAFTA) on Friday without reaching a deal. One longstanding issue is Chapter 19 of NAFTA, a dispute resolution mechanism that the United States significantly scaled back in a bilateral deal it reached with Mexico. Flags of…
[ad_1] (Reuters) – Walt Disney World workers have reached a tentative agreement with parent Walt Disney Co (DIS.N) regarding wages, union body International Brotherhood of Teamsters said on Friday. FILE PHOTO: Security officers staff the entrance at the Walt Disney World’s Magic Kingdom in Orlando, Florida, U.S. June 13, 2016. REUTERS/Barbara Liston/File Photo The union…
[ad_1] WASHINGTON/TORONTO (Reuters) – Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade Agreement after the mood soured, and President Donald Trump notified Congress of his intent to sign a bilateral trade pact with Mexico. U.S. and Canadian trade officials set plans to resume their talks on…
[ad_1] Prime Minister Justin Trudeau reaffirmed his support for the Trans Mountain expansion project Friday vowing to fight on after the Federal Court of Appeal handed his government a ruling that threatens to derail the pipeline entirely. Speaking to reporters in Oshawa, Ont., Trudeau said the government is committed to building the pipeline the “right…
[ad_1] The Ontario government says it will not appeal a Superior Court decision in favour of Tesla Motors Canada over the cancellation of electric vehicle rebates. “The Ministry [of Transportation] will abide by the court’s decision and I have directed the ministry to expand the wind-down process for the Electric and Hydrogen Vehicle Incentive Program,”…
[ad_1] The parent company of Tim Hortons is denying a claim by a group of franchisees that the coffee pots they’re required to use have been shattering and injuring employees. Restaurant Brands International says the claims of faulty coffee pots are yet another “false accusation” from a group of franchisees with whom the company has…
[ad_1] NEW YORK (Reuters) – Global stocks ended August much as they began the month – under the dark cloud of a potentially worsening trade war. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31, 2018. REUTERS/Brendan McDermid A closely watched barometer of equities worldwide fell…
[ad_1] WASHINGTON/TORONTO (Reuters) – Canada and the United States ended talks on Friday to update the North American Free Trade Agreement in a mood soured by President Donald Trump’s comments that a pact would be on U.S. terms while Ottawa stood firm against signing “just any deal.” A commercial truck exits the highway for the…
[ad_1] WASHINGTON/TORONTO (Reuters) – Canada and the United States ended talks on Friday to update the North American Free Trade Agreement in a mood that had been soured by President Donald Trump’s comments that a pact would be on U.S. terms while Ottawa stood firm against signing “just any deal.” A commercial truck exits the…
[ad_1] (Reuters) – Activist investor Daniel Loeb’s hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co’s board of directors, according to people familiar with the matter. The logo and ticker for Campbell Soup Co. are displayed on a screen…
[ad_1] WASHINGTON/TORONTO (Reuters) – Talks between Canada and the United States to update the North American Free Trade Agreement soured sharply on Friday after President Donald Trump reportedly said a pact would be on U.S. terms and Ottawa stood firm against signing “just any deal.” A commercial truck exits the highway for the Bridge to…
[ad_1] Even with a resilient, if not strong, Canadian economy, the loonie has failed to gain momentum this year — losing more than four per cent against the U.S. dollar — as trade uncertainty ate away at its “fundamental” value. But that could all change if a trade deal is struck between Canada and the U.S. soon, according to…
[ad_1] (Reuters) – The S&P 500 and the Dow Jones Industrial Average dipped on Friday as jitters over ongoing trade talks between the United States and other major economies weighed, but gains in Apple and Amazon kept Nasdaq slightly higher. A trader works inside a post on the floor of the New York Stock Exchange…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said in off-the-record remarks to Bloomberg News this week that any trade deal with Canada would be “totally on our terms,” the Toronto Star reported on Friday, citing remarks it had obtained. U.S. President Donald Trump speaks during a “Make America Great Again” rally in Evansville, Indiana,…
[ad_1] (Reuters) – The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq. A trader works at the New York Stock Exchange (NYSE) in Manhattan, New York,…
[ad_1] WASHINGTON (Reuters) – Talks between Canada and the United States to revamp NAFTA appeared to stumble on concessions over agriculture, as top negotiators struggled for a fourth day to meet President Donald Trump’s Friday deadline. A commercial truck exits the highway for the Bridge to Canada, in Detroit, Michigan U.S. August 30, 2018. REUTERS/Rebecca…
[ad_1] WILMINGTON, Del. (Reuters) – The founder and largest shareholder of Papa John’s International Inc (PZZA.O) sued the pizza chain’s board and chief executive late on Thursday to stop what he described as “the irreparable harm” they are causing the company, according to a court filing. FILE PHOTO: John Schnatter (R), founder of Papa John’s…
[ad_1] The knee-jerk reaction in Calgary to the Federal Court of Appeal’s ruling to halt construction of the Trans Mountain project was ugly. Oil company share prices plunged, fears were enflamed about further energy investment fleeing Canada, and hopes were dashed about Alberta ever getting another new oil export pipeline. Basically, the $4.5-billion project the…
[ad_1] Aimia says it has signed a deal to settle a class-action case related to changes to its Aeroplan mileage expiry and accumulation rules. Under the proposed terms of the agreement, Aimia will deposit a set amount of Aeroplan Miles into the accounts of eligible members. The suit was filed after the loyalty rewards program…
[ad_1] WASHINGTON (Reuters) – Canada and the United States will make a final push to iron out differences on a pact to modernize the North American Free Trade Agreement (NAFTA) by a Friday deadline set by President Donald Trump, but the atmosphere soured late on Thursday according to a media report. A commercial truck exits…
[ad_1] LONDON (Reuters) – Global stocks fell for a second day on Friday as a report that U.S. President Donald Trump was preparing to step up a trade war with Beijing dampened risk appetite and erased some of the gains made in a rally this week. People walk through the lobby of the London Stock…
[ad_1] BERLIN (Reuters) – The European Union will respond in kind if U.S. President Donald Trump reneges on his pledge not to impose car tariffs, European Commission President Jean-Claude Juncker said as trade tensions between Europe and the United States rose again. European Commission President Jean-Claude Juncker chairs the Annual Seminar of the European Commission…
[ad_1] CARACAS/VALENCIA, Venezuela (Reuters) – Unilever’s factory in the outskirts of the northern Venezuelan city of Valencia once bustled with activity as it produced everything from soap to toothpaste for one of South America’s wealthiest economies. FILE PHOTO – The corporate logo of Ford is seen on a billboard at the facilities of the company…
[ad_1] DUBAI/LONDON (Reuters) – Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) has agreed to buy coffee chain Costa for $5.1 billion including debt to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market. The purchase from Britain’s Whitbread (WTB.L) of Costa’s almost 4,000 outlets thrusts the world’s biggest…
[ad_1] LONDON (Reuters) – Global stocks fell for a second day on Friday as a report that U.S. President Donald Trump was preparing to step up a trade war with Beijing dampened risk appetite and erased some of the gains made in a rally this week. People walk through the lobby of the London Stock…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. FILE…
[ad_1] One of the most popular vehicles in the United States is a perfect example of why it would be so hard and so destructive to impose tariffs on Canadian-made cars in the name of protecting American ones. The Toyota RAV4 — the bestselling non-truck in America — is made in Woodstock, Ont. In fact, 247,633 of them were made…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) has agreed to buy the world’s second largest coffee chain Costa from Britain’s Whitbread Plc (WTB.L) for $5.1 billion including debt, opening a new front in its push into healthier markets. Cappuccinos sit on a table in Costa Coffee in Loughborough, Britain April 25, 2018. REUTERS/Darren Staples The two…
[ad_1] BERLIN (Reuters) – European Commission President Jean-Claude Juncker said he hoped a July “ceasefire agreement” with U.S. President Donald Trump to refrain from imposing car tariffs would prevail, but the EU would impose its own tariffs if the U.S. changed course. European Commission President Jean-Claude Juncker chairs the Annual Seminar of the European Commission…
[ad_1] (Reuters) – Britain’s Whitbread Plc (WTB.L) said on Friday it had agreed to sell coffee chain Costa to Coca Cola (KO.N) for an enterprise value of 3.9 billion pounds ($5.1 billion). Cappuccinos sit on a table in Costa Coffee in Loughborough, Britain April 25, 2018. REUTERS/Darren Staples The deal was unanimously agreed by the…
[ad_1] Alberta will pull out of Prime Minister Justin Trudeau’s national climate change plan until construction of the Trans Mountain pipeline expansion gets back on track, Premier Rachel Notley said Thursday after the Federal Court of Appeal quashed approvals for the project. “As important as climate action is to our province’s future I have also always said that taking…
[ad_1] SINGAPORE (Reuters) – Canada’s trade minister said on Friday that Canada, the United States and Mexico are working to “get the right deal, not any deal” on a revamped North American trade pact, and there were risks to all if no agreement could be reached. Jim Carr, Canada’s minister for international trade diversification, made…
[ad_1] AUSTIN, Texas (Reuters) – Jeffrey Skilling, the former chief executive officer of Enron who received a 24-year prison sentence for his role in the company’s spectacular collapse, has been released from an Alabama prison camp and moved to a halfway house, records from the U.S. Bureau of Prisons showed on Thursday. FILE PHOTO: Jeff…
[ad_1] WASHINGTON (Reuters) – Top NAFTA negotiators from Canada and the United States wrapped up a third day of two-way talks on Thursday, agreeing to meet the next day to resolve final differences before a deadline, with Mexican counterparts on standby to rejoin negotiations. Despite some contentious issues still on the table, the increasingly positive…
[ad_1] NEW YORK (Reuters) – Funds run by BlackRock Inc voted in favor of a recent shareholder proposal that would have required Tesla Inc to replace Elon Musk with an independent chairman. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. REUTERS/Toru Hanai/File Photo BlackRock-managed…
[ad_1] WASHINGTON (Reuters) – Boeing Co (BA.N) has been awarded a $805 million contract for design, delivery and support of four unmanned drones based on aircraft carriers that will be used to refuel aircraft for the U.S. Navy, the Pentagon said in a statement on Thursday. The Boeing logo is pictured at the Latin American…
[ad_1] WASHINGTON (Reuters) – U.S. trade officials are pressing Mexico and possibly Canada to accept a quota plan to replace national security tariffs currently in place on imports of steel and aluminum, people briefed on the negotiations said on Thursday. FILE PHOTO: A worker holds stainless steel wire produced at TIM stainless steel wire factory…
[ad_1] TOKYO (Reuters) – Asian shares came under renewed pressure on Friday after reports U.S. President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports. FILE PHOTO: Pedestrians walk pass an electronic board showing the Japan’s Nikkei average (R) and other stock market…
[ad_1] NEW YORK (Reuters) – Funds run by BlackRock Inc voted over Tesla Inc’s objections in favor of a shareholder proposal in June that would have required the electric carmaker to replace Elon Musk with an independent board chairman if the motion had not been defeated, a regulatory filing showed on Thursday. FILE PHOTO: Tesla…