Stories tagged: business
WEDNESDAY, DEC. 7, 2016, 8:15 A.M.
Fitbit buys software assets from smartwatch startup Pebble
Fitbit Inc., the fitness band maker, has acquired software assets from struggling smartwatch startup Pebble Technology Corp., a move that will help it better compete with Apple.
WEDNESDAY, DEC. 7, 2016, 8:09 A.M.
China fines Medtronic $17 million on anti-monopoly charges
The Chinese unit of medical device maker Medtronic has been fined $17 million by anti-monopoly regulators in the latest effort by Beijing to force down what it sees as unreasonably …
WEDNESDAY, DEC. 7, 2016, 8:06 A.M.
JPMorgan hit hardest as EU fines rate-rigging trio $521 million
JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a …
WEDNESDAY, DEC. 7, 2016, 8:04 A.M.
Two Abu Dhabi banks to merge into largest Gulf Arab bank
Stockholders at two Abu Dhabi banks have agreed to a plan to merge the firms, which would create the biggest bank in the Gulf.
WEDNESDAY, DEC. 7, 2016, 7:36 A.M.
Trump denies Air Force One threat is retaliation for Boeing CEO’s comments
President-elect Donald Trump on Wednesday threatened to keep the existing Air Force One fleet flying into next decade unless Boeing reduces costs on replacement jets, and denied his broadside came …
TUESDAY, DEC. 6, 2016, 3:22 P.M.
Trump announces SoftBank investing $50 billion in the United States
President-elect Donald Trump announced Tuesday that Japanese telecom and internet conglomerate SoftBank would invest $50 billion in the United States and create 50,000 new jobs, saying that the decision wouldn’t …
TUESDAY, DEC. 6, 2016, 2:42 P.M.
No more free overhead bin on United Airlines
Gone are the days of the free sandwiches, the complimentary pillows, the headphones that didn’t cost $5. The in-flight comforts that were once a given are now nothing more than …
TUESDAY, DEC. 6, 2016, 1:57 P.M.
Instagram will soon let you like comments – or even turn them off completely
In the next few weeks, Instagram is going to look even more like its parent company, Facebook. The social network announced Tuesday that it will let users like individual comments …
TUESDAY, DEC. 6, 2016, 1:20 P.M.
Pipeline delays cost builder millions, risking contract loss
The completion of the Dakota Access oil pipeline has been delayed after the U.S. Army declined to grant an easement for the final few thousand feet under a Missouri River …
TUESDAY, DEC. 6, 2016, 1:12 P.M.
Google says it will hit 100 percent renewable energy next year
Google, a trendsetter in the field of corporate purchases of wind and solar energy, made a striking proclamation Tuesday – by next year, it forecasts that it’ll be purchasing as …
TUESDAY, DEC. 6, 2016, 12:44 P.M.
Alaska Airlines gets U.S. approval to buy Virgin America
Alaska Air Group Inc. won U.S. antitrust approval for its acquisition of Virgin America Inc., a takeover that extends years of consolidation in the industry and expands Alaska Air’s access …
TUESDAY, DEC. 6, 2016, 12:30 P.M.
Verizon to sell data centers to Equinix for $3.6 billion
Verizon Communications Inc. agreed to sell its data-centers business to Equinix Inc. for $3.6 billion in cash as the company turns its focus to mobile video advertising.
TUESDAY, DEC. 6, 2016, 11:22 A.M.
U.S. CEOs more optimistic on prospects for sales, hiring
Chief executive officers of some of the largest U.S. companies became more optimistic about their sales and hiring prospects in the weeks before and after last month’s presidential election, even …
TUESDAY, DEC. 6, 2016, 10:38 A.M.
SeaWorld cutting 320 jobs in restructuring
SeaWorld Entertainment Inc. is eliminating 320 jobs across its 12-park company.
TUESDAY, DEC. 6, 2016, 10:25 A.M.
Supreme Court sides with Samsung in patent dispute with Apple
A unanimous Supreme Court on Tuesday sided with smartphone maker Samsung in its high-profile patent dispute with Apple over design of the iPhone.
TUESDAY, DEC. 6, 2016, 10:08 A.M.
U.S. productivity up 3.1 percent in third quarter
The productivity of American workers rose in the July-September quarter at the fastest pace in two years while labor costs slowed after a big jump in the spring.
TUESDAY, DEC. 6, 2016, 9:46 A.M.
Supreme Court upholds broad power to curb insider trading
A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation’s insider trading laws, a victory for prosecutors seeking to curb corruption on Wall …
TUESDAY, DEC. 6, 2016, 9:21 A.M.
Mexico overtakes Canada as No. 2 U.S. exporter
Mexico is overtaking Canada as the No. 2 exporter of goods to the U.S. this year, in a sign of how economic ties have deepened between the two countries even …
TUESDAY, DEC. 6, 2016, 9:05 A.M.
EU clears Microsoft’s $26 billion LinkedIn deal
European antitrust regulators on Tuesday gave their approval to Microsoft’s $26 billion deal to buy LinkedIn after the software maker agreed to concessions to keep Microsoft products open to LinkedIn …
TUESDAY, DEC. 6, 2016, 8:53 A.M.
Trump tidbits: Aide says president-elect sold all his stocks in June
A spokesman for Donald Trump says the president-elect sold all of his stocks in June. The spokesman did not provide any proof or specify the stocks that were sold.
TUESDAY, DEC. 6, 2016, 8:30 A.M.
Saudi Arabia switches OPEC tack with eye on world’s top IPO
To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of the kingdom’s biggest policy challenges: the urgent need to plug …
TUESDAY, DEC. 6, 2016, 7:44 A.M.
EU’s Brexit negotiator puts time pressure on Britain
Britain may not have two years to negotiate its divorce from the European Union after all.
TUESDAY, DEC. 6, 2016, 7:35 A.M.
Trump interjects himself in Air Force One, business deals
President-elect Donald Trump, a political newcomer who touts his corporate skills, turned businessman-in-chief Tuesday, first demanding the government cancel a multibillion-dollar order for new presidential planes and then hailing a …
TUESDAY, DEC. 6, 2016, 7:24 A.M.
U.S. trade deficit widens in October from a nearly 3-year low
The U.S. trade deficit climbed in October from its lowest monthly level in nearly three years. Imports of consumer goods such as medicine, cell phones and clothing increased, while exports …
TUESDAY, DEC. 6, 2016, 7:20 A.M.
U.S. factory orders up 2.7 percent in October
Orders to U.S. factories rose in October by the largest amount in 16 months but a key category that tracks business investment posted an anemic gain.
MONDAY, DEC. 5, 2016, 3:01 P.M.
Cereal maker General Mills to cut as many as 600 jobs
General Mills, which has been struggling with weaker sales for its cereal and yogurt, plans to cut between 400 and 600 jobs around the world as it restructures its business.
MONDAY, DEC. 5, 2016, 2:59 P.M.
USGS records 5 earthquakes overnight in northern Oklahoma
The U.S. Geological Survey has recorded five small earthquakes in northern Oklahoma, including a magnitude 3.9 temblor near Pawnee where the state’s largest earthquake was recorded in September.
MONDAY, DEC. 5, 2016, 2:22 P.M.
Could Dakota Access pipeline move after permit is denied?
The Army Corps of Engineers’ refusal to grant a permit for the Dakota Access oil pipeline to cross beneath the Missouri River has focused more attention on alternative routes, but …
MONDAY, DEC. 5, 2016, 2:14 P.M.
Trump’s ‘retribution’ tax stirs legal questions, GOP resistance
Donald Trump’s threats to use taxes as “retribution” against U.S. companies that move jobs overseas are legally dubious, tax specialists say – and they’re prompting resistance from some Republican leaders …
MONDAY, DEC. 5, 2016, 1:46 P.M.
Google deal puts Africa on cusp of first smartphone plant
A Johannesburg startup is set to become the first company ever to manufacture smartphones in Africa, taking advantage of low costs and growing local demand to build handsets, tablets and …