Chinese carmaker Geely's profit more than doubled in 2017
2018-03-21 07:58:51 UTC
SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
The automaker, based in the eastern Chinese ci...
US film studio 'The Weinstein Company' filed for bankruptcy
2018-03-20 07:04:02 UTC
NEW YORK (Reuters) - U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy and was ending all non-disclosure agreements that may have silenced some women.
The Weinstein Company...
Valuable Public Company: Amazon appears to beat Apple
2018-03-08 20:45:23 UTC
SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark.
Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple’s stock 24 percent higher over the past 12 months...
German automakers outselling GM in South Korea
2018-03-07 07:22:17 UTC
Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructuring.
While home-grown automakers Hyundai Motor and Kia Motor...
BlackBerry sues Facebook, WhatsApp, Instagram over messaging patents
2018-03-06 21:16:34 UTC
BlackBerry filed a patent infringement lawsuit against Facebook and its WhatsApp and Instagram apps, arguing that they copied technology and features from BlackBerry Messenger.
Litigation over patent infringement is part of BlackBerry Chief Executive John Chen’s strategy for making money for ...
Trump's protectionist measures will hurt US economy
2018-03-04 00:47:34 UTC
WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy.
The U.S. President kept up pressure on trading partners, threatening European automakers with a tax on imports if the European Union reta...
Federal judge dismisses lawsuit against Coca-Cola's Diet Coke "weight loss" ads
2018-02-28 18:12:26 UTC
(Reuters) - A federal judge has dismissed a lawsuit claiming that Coca-Cola Co’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain.
The plaintiff, Shana Becerra, claimed that she and others wo...
US cable provider 'Comcast' offers $31 billion for 'Sky'
2018-02-27 08:46:42 UTC
LONDON - Comcast Corp, the biggest cable operator in the United States, offered to pay $31 billion to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch's Fox.
Comcast, which owns NBC and Universal Pictures, said it was offering 12.50 pounds per share, significantl...
US film studio 'The Weinstein Company' to file for bankruptcy
2018-02-27 00:53:48 UTC
The Weinstein Company said that the U.S. film studio, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapsed.
Filing for bankruptcy protection creates more uncertainty about ho...
Netanyahu faces corruption and breach of trust charges
2018-02-14 16:36:57 UTC
How is the Israeli prime minister linked to an allegedly corrupt deal with German steel producer ThyssenKrupp?
One is Israel's long-serving prime minister, the other is one of Germany's biggest industrial corporations, and now the two have been caught up in one of the scandals that could yet b...
The Real Concerns About Markets As U.S. Inflation Looms
2018-02-14 18:54:27 UTC
New York — U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.
The S&P 500 .SPX.INX is down more than 7 percent from its lifetime h...
Audi, VW and Porsche Develop Joint Electric Car Platform
2018-02-10 21:32:51 UTC
FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’s main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying.
“By 2025, we’re facing a low single-digit bil...
Dow Jones falls again, sending investors into a panicked frenzy
2018-02-08 17:53:50 UTC
(Reuters) - U.S. stocks turned lower in early trading on Thursday, with investors still on edge as volatility in financial markets persisted following the worst declines in more than two-and-a-half years earlier in the week.
Wall Street ran out of steam on Wednesday after an early surge as inv...
5 Reasons the US Market Is Crashing
2018-02-06 04:38:54 UTC
Dow Jones industrials plummets with largest drop since 2011.
The US Dow Jones stock index plunged 4.6 percent Monday, in its biggest one-day percentage loss since 2011. The selloff has wiped off all its gains since the start of 2018. Asia shares have also been down sharply.
The Dow Jones In...
Dow Jones Worst Day Since 2011
2018-02-06 03:58:21 UTC
TOKYO (AP) — Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years.
Japan’s Nikkei 225 index dropped as much as 5.6 percent in early trading Tuesday. By midday it was down 5.3 percent at...
21 states sue to restore Net neutrality as senate Democrats reach a tie votes
2018-01-17 00:20:19 UTC
(Reuters) - A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission’s decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling.
iPhone overuse could hurt children’s developing brains
2018-01-09 04:39:42 UTC
NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.
Hedge fund JANA Partners LLC and the California State Teachers’ Retirement System (C...
Golden Globes Winners 2018: The Complete List
2018-01-08 09:26:45 UTC
LOS ANGELES — Host Seth Meyers came out swinging at the Golden Globes Sunday night, directly addressing in his monologue the issues of sexual harassment and gender inequality that have roiled the industry for months.
He lobbed hard-hitting jokes at Kevin Spacey, Harvey Weinstein, Woody Allen a...
Intel's processors: Security risk for computers and phones
2018-01-04 08:54:39 UTC
A major design flaw has been found in microprocessors produced by Intel and rivals AMD and ARM. Tech experts say it requires updates to operating systems, which are likely to slow down chip operations.
Technology firms sought to play down the security risks posed by a newly discovered vulnerab...
Apple issues apology for purposely slowed down older iPhones
2017-12-29 07:48:52 UTC
The tech giant has offered a major price cut to replace out-of-warranty batteries that affect iPhone performance. Days before issuing an apology, it acknowledged it purposely slowed down older iPhones to prevent issues.
In a posting on its website Thursday, Apple apologized over its handling o...
China is winning the race for new energy vehicles
2017-12-27 09:26:31 UTC
BEIJING/SHANGHAI (Reuters) - China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal combustion engine.
The finance ministry said in a s...
Down 35 percent: Bitcoin tumbled below $13,000
2017-12-22 07:47:50 UTC
TOKYO (Reuters) - Cryptocurrency bitcoin tumbled below $13,000 briefly on the Bitstamp exchange BTC=BTSP on Friday, down roughly 35 percent from its record top near $20,000 set at the start of the week.
It was last down 7 percent at $14,499 BTC=BTSP but fell as much as 14.7 percent earlier in ...
Donald Trump, Corrupt King of the Swamp
2017-12-21 02:42:33 UTC
The US tax bill is an unashamed enrichment scheme for the wealthy and slap in the face for the poor. Trump's giant giveaway to the richest Americans, like himself, finally makes clear to everyone where the president's real sympathies lie.
After numerous embarrassing false starts, Congressional...
The end of US net neutrality is a license to print money
2017-12-18 06:59:52 UTC
<blockquote><strong>So far, all data on the internet has had to be transported on an equal footing, above all at the same speed. In the US, that will change. Joerg Brunsmann asks why politicians are making it so cheap for providers.</strong>
I can understand internet providers. For the last qu...
Here's a Look at the Final Republican Tax Bill
2017-12-17 06:15:52 UTC
Republicans in the U.S. Congress released a final version of their tax bill on Friday, clearing the way for Senate and House of Representatives votes on the legislation next week.
President Donald Trump wants to sign tax legislation before the end of the year to notch the first major legislati...