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Trump’s tech transition: Will the president’s new phone change his Twitter game?

January 22, 2017 by · Leave a Comment 

US President Donald Trump has officially traded in his personal smartphone for one with limited features, which could impact the way he interacts with social media.

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Trump’s tech transition: Will the president’s new phone change his Twitter game?

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Amazon to pay C$1.1 million to settle Canada pricing case

January 12, 2017 by · Leave a Comment 

The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on …

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Amazon to pay C$1.1 million to settle Canada pricing case

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Samsung Group leader Lee arrives at South Korea prosecution office for questioning

January 12, 2017 by · Leave a Comment 

SEOUL (Reuters) – Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.

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Samsung Group leader Lee arrives at South Korea prosecution office for questioning

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In sign of more hawkish Fed, Evans nods to three rate hikes

January 7, 2017 by · Leave a Comment 

Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. The comments from Evans, a voting member of the Fed's policy committee this year, reinforced the view that the Fed could step up the pace of its rate hiking campaign if the incoming Trump administration unleashed a fiscal stimulus.

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In sign of more hawkish Fed, Evans nods to three rate hikes

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GM delivers its first Bolt electric car in Tesla’s backyard

December 13, 2016 by · Leave a Comment 

This allows the Detroit automaker to claim first place in the race to deliver an electric car that can run for more than 200 miles on a charge and has a starting price below $40,000. Tesla Chief Executive Officer Elon Musk has promised its entry in this new segment, the Model 3, will go into production in July.

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GM delivers its first Bolt electric car in Tesla’s backyard

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Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval

December 13, 2016 by · Leave a Comment 

Shareholders of U.S. seeds and agrochemicals company Monsanto Co approved the company's $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds …

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Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval

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Novartis CEO plays down prospects for Actelion bid: Blick

December 4, 2016 by · Leave a Comment 

Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction. Asked by Swiss Sunday newspaper SonntagsBlick

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Novartis CEO plays down prospects for Actelion bid: Blick

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Airbnb, New York City settle rental law lawsuit

December 4, 2016 by · Leave a Comment 

By Nate Raymond NEW YORK (Reuters) – Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb had contended that the law's ambiguous wording could allow New York authorities to apply it to online platforms like itself that host third-party listings, creating the risk of significant civil penalties…

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Airbnb, New York City settle rental law lawsuit

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No price like home: Big spenders reappear in China

December 4, 2016 by · Leave a Comment 

SHANGHAI/BEIJING (Reuters) – China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world's luxury brands. China's rich make up almost a third of the world's luxury shoppers, up from only 2 percent around the …

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No price like home: Big spenders reappear in China

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Fed official stands by Wall Street reforms, says must complete work

December 4, 2016 by · Leave a Comment 

The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. Dudley's comments, to a Group …

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Fed official stands by Wall Street reforms, says must complete work

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