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Obama seeks ‘irreversible’ opening to Cuba

This story is part of a weeklong Yahoo series marking one year since the opening of relations between the United States and Cuba. Read more here: Obama seeks ‘irreversible’ opening to Cuba  Read More →

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation

A man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee... [Read more]

Hyundai Motor hires former GM researcher to lead self-driving car center

Hyundai Motor Group has hired a former General Motors researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. Lee Jin-woo, 47, who has previously led autonomous driving … Here is the original: Hyundai Motor hires former GM researcher to lead self-driving car center  Read More →

Auto CEOs want Trump to order review of 2025 fuel rules

By David Shepardson WASHINGTON (Reuters) – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025. In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co , Ford Motor Co, Fiat Chrysler Automobiles NV, along with... [Read more]

‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole,... [Read more]

In glitzy Singapore, hotels’ success recipe is being average

Liesbeth Foesters travels for business around the world, but none of her hotel rooms was smaller than the one she got in Singapore. “If you compare this with (the room I had in) China, it is nothing, but … we have to adapt to the budget,” the 30-year-old Belgian… Original post: In glitzy Singapore, hotels’ success recipe is being average  Read More →

Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health... [Read more]

Microsoft offers patent troll defense for cloud customers

Companies new to the cloud are vulnerable to non-practicing entities, which do not make any products themselves but use their arsenal of broad technology patents to sue other firms in order to extract royalties or a cash settlement. The new offering could appeal to companies new to the cloud arena, needing a service such as Microsoft's Azure to store their data or… Original post:  Microsoft... [Read more]

Harry Potter spinoff helps Time Warner top estimates

The New York-based media company, which is set to become part of AT&T Inc in an $85.4 billion deal, reported an 11.5-percent rise in quarterly revenue and said the merger remained on track to close later this year. U.S. President Donald Trump opposed AT&T's bid for Time Warner during his election campaign. AT&T, which has also said it expects the deal to be approved, is looking... [Read more]

Qatar Airways expects Trump’s travel ban to be relaxed: report

Qatar Airways Chief Executive Akbar Al Baker on Tuesday said he expected U.S. President Donald Trump would eventually relax a travel ban targeting seven predominantly Muslim countries, New Zealand media reported. The travel ban, Trump's most controversial act since taking office last month, was halted temporarily on… Original post: Qatar Airways expects Trump’s travel ban to be relaxed:... [Read more]

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