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U.S. jobless claims fall unexpectedly in latest week

January 19, 2017 by · Leave a Comment 

The number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in decades. Initial claims for state unemployment benefits declined by 15,000 to a seasonally adjusted 234,000 for the week ended Jan. 14, the Labor Department said on Thursday. Economists polled

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U.S. jobless claims fall unexpectedly in latest week

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Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua

January 1, 2017 by · Leave a Comment 

A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies “Cars” and “Cars 2”, the official Xinhua news agency reported on Saturday. The ruling is the latest in a slew of intellectual property wins for large foreign firms, who have complained about widespread copyright infringement in China. Disney and Pixar took the Chinese firms to court saying the characters, titles and posters from local animation “The Autobots” were substantially similar…

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Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua

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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

December 13, 2016 by · Leave a Comment 

Credit Suisse is the latest bank to shutter one of its private U.S. stock trading venues, as increasing regulatory scrutiny makes it harder to justify the costs of running such trading systems. Credit Suisse on Tuesday confirmed through a spokeswoman that it had shuttered its alternative trading system known as Light Pool on Nov. 18 after a strategic review of its algorithmic trading offerings. Credit Suisse also runs Crossfinder, the No. 2 U.S. alternative trading system and has no plans to

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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

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Foreign banks shaken by Malaysia’s move to halt currency slide

November 17, 2016 by · Leave a Comment 

By Saikat Chatterjee and Praveen Menon HONG KONG/KUALA LUMPUR (Reuters) – Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down…

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Foreign banks shaken by Malaysia’s move to halt currency slide

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Uber says Taiwan’s steps against it hurting citizens

November 17, 2016 by · Leave a Comment 

By J.R. Wu TAIPEI (Reuters) – Uber Technologies Inc [UBER.UL] urged Taiwan President Tsai Ing-wen to let the island's people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between the authorities there and the global ride-hailing service company. Uber's comments were made in…

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Uber says Taiwan’s steps against it hurting citizens

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Zuckerberg initiative poaches AstraZeneca board member

September 28, 2016 by · Leave a Comment 

The $3 billion health initiative set up by Facebook co-founder Mark Zuckerberg and his wife Priscilla Chan has hired one of AstraZeneca's non-executive directors to head up its science drive. The British drugmaker said on Wednesday that Cornelia Bargmann would step down from its board next month to take up a new role as president of Chan Zuckerberg Science, part of the Chan Zuckerberg Initiative. Leif Johansson, AstraZeneca&#…

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Zuckerberg initiative poaches AstraZeneca board member

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South Korea to widen Takata air bag recall by 110,000 vehicles

September 28, 2016 by · Leave a Comment 

South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new round of recall of Takata's air bag inflators which have been linked to at least 14 deaths and more than 100 injuries and triggered the largest-ever auto recall. South Korea's transport ministry said a total of 221,870 vehicles

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South Korea to widen Takata air bag recall by 110,000 vehicles

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Alere lawsuit accuses Abbott of ‘buyer’s remorse’ in proposed merger

August 31, 2016 by · Leave a Comment 

Alere claims in its complaint that Abbott has avoided responding to a second request by the Federal Trade Commission in a bout of “buyer's remorse” spurred by a desire to free up capital for Abbott's …

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Alere lawsuit accuses Abbott of ‘buyer’s remorse’ in proposed merger

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U.S. private payrolls rise solidly; pending home sales jump

August 31, 2016 by · Leave a Comment 

U.S. private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. Other data on Wednesday …

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U.S. private payrolls rise solidly; pending home sales jump

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Irish cabinet delays decision on Apple tax appeal

August 31, 2016 by · Leave a Comment 

By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – Ireland's cabinet could not agree on Wednesday whether to fight a European Commission ruling against Dublin's tax dealings with Apple , raising questions over any appeal and the government's stability. Finance Minister Michael Noonan has …

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Irish cabinet delays decision on Apple tax appeal

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