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Australian banks narrow focus of Apple Pay collective bargaining request

By Jamie Freed SYDNEY (Reuters) – Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia , Westpac... [Read more]

Exports prop up Japan fourth quarter GDP growth, U.S. protectionist risks loom

Japan's economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery. Japan's export-driven growth over the quarter See the rest here: Exports prop up Japan fourth quarter GDP growth, U.S. protectionist risks loom  Read More →

Boeing’s $14 billion Singapore Air order does not fill 777, 787 gap: CEO

Boeing Co must sell more 777 and 787 jetliners to keep production plans on track, despite a $13.8 billion order that landed earlier on Thursday, its chief executive said. The order from high-profile customer Singapore Airlines is a strong endorsement of both planes, and… Original post:  Boeing’s $14 billion Singapore Air order does not fill 777, 787 gap: CEO  Read More →

Twitter numbers paint grim profitability picture

For all the buzz the San Francisco company has created as the preferred platform for U.S. President Donald Trump and other high-profile figures, Twitter has lost more than $1.5 billion cumulatively since it went public in late 2013. Fourth-quarter revenue of $717 million was well Read more from the original source: Twitter numbers paint grim profitability picture  Read More →

Exclusive: Cancer drugmaker Tesaro attracts takeover interest – sources

The takeover interest in Tesaro underscores the pharmaceutical industry's strong appetite for the acquisition of biotechnology companies with promising medicines under development in lucrative sectors such as cancer treatment. Tesaro is not actively exploring a sale, the people said this week, noting that there is a significant gap over the company's valuation between Tesaro and potential... [Read more]

Exclusive: White House eying executive order targeting ‘conflict minerals’ rule – sources

By Sarah N. Lynch and Emily Stephenson WASHINGTON (Reuters) – President Donald Trump is planning to issue an executive order targeting a controversial Dodd-Frank rule that requires companies to disclose whether their products contain “conflict minerals” from a war-torn part of Africa, according to sources familiar with the administration's thinking. The plan for the executive... [Read more]

FBI agent explores how social engineering attacks get a boost from social media

Cybercriminals use social networking outlets to tailor their social engineering attacks, increasing their chance of success. A solution is in the works to mitigate the effects of these threats. See the original post:  FBI agent explores how social engineering attacks get a boost from social media  Read More →

Trump to meet with airline CEOs on Thursday: White House

U.S. President Donald Trump will meet with the chief executive officers of airlines on Thursday, the White House said, another in a series of meetings the new president has had with business leaders. The White House statement on Friday did not say who would attend the breakfast and “listening session…. Original post: Trump to meet with airline CEOs on Thursday: White House  Read More →

Asian shares touch four-month high, dollar sags on Fed’s relaxed views

Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere has underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump's policies have put global markets on edge. “With... [Read more]

Back to zero: Companies use 1970s budget tool to cut costs as they hunt for growth

By Tim McLaughlin BOSTON (Reuters) – The number of U.S. companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging as they turn their spending habits upside down to boost profits and to re-invest in their businesses. The upswing in zero-based budgeting (ZBB) signals that a broader cross-… Excerpt from: Back to zero: Companies use 1970s budget... [Read more]

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