Trade hopes support China, sterling totters on Brexit woes

SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month lows on over a Brexit deal. FILE PHOTO: Pound Sterling notes and change are seen inside a cash register in […]

Three broker-dealers settle SEC charges over incomplete data

Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 18, 2016. REUTERS/Brendan McDermid (Reuters) – Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges of […]

Always in a Rush, Business Travelers Push for Even Speedier Hotel Services

Business travelers have long expected their hotels to provide good food, an array of fitness options and, perhaps, a place for a haircut or manicure. But lately, travelers have been pushing to speed up those services. So hotels have started to introduce offerings like grab-and-go food outlets, short workouts and express beauty treatments. In many […]

Everything in Life Is Only for Now: ‘Avenue Q’ to Close in April

Nothing lasts. Life goes on, full of surprises. The raunchy, not-so-politically-correct puppets in the musical “Avenue Q” are only — ahem — “For Now.” The show will be closing its Off Broadway run at New World Stages, where it has played since 2009, in April. The cast and crew members were notified of the closing […]

How to Choose the Right Bank for Your Small Business

Image Credit: adrenalina on Yay Images When browsing banking options for your small business, it’s important not to go with the first one that presents itself. One of your aims from the very start should be to find a reliable bank that meets your business’s needs. As a matter of fact, you’re going to want […]

Court orders China sales ban on older Apple iPhones in Qualcomm case

SAN FRANCISCO (Reuters) – A Chinese court has ordered a ban on the sale of several older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, although Apple said all of its phone models remained on sale in the mainland. The case, brought by Qualcomm, is part of a global […]

Canadian court weighs bail for jailed CFO of China's Huawei

VANCOUVER (Reuters) – A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled […]

Huawei Executive’s Lawyers Fight for Bail Ahead of Extradition Decision

VANCOUVER, British Columbia — Since Dec. 1, Meng Wanzhou, a top executive of the Chinese technology firm Huawei and a daughter of the company’s founder, has been detained in Vancouver at the behest of American authorities, prompting a diplomatic tussle between China and the United States. On Monday, Ms. Meng’s lawyers fought for her to […]

China's Huawei executive bail hearing adjourned to Tuesday

VANCOUVER (Reuters) – A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled […]

Chinese province pledges billions to drive tech, innovation

FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song SHANGHAI (Reuters) – China’s coastal province of Zhejiang, home to e-commerce giant Alibaba (BABA.N), has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, […]

Wall St. ends choppy day higher; tech helps, Brexit weighs

(Reuters) – Wall Street ended Monday’s volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain’s exit from the European Union kept investors on edge about global growth. The energy index was the S&P’s biggest percentage loser as oil prices declined and financial stocks tumbled with the S&P […]

Amazon’s Homegrown Chips Threaten Silicon Valley Giant Intel

Amazon, the world’s largest online retailer and largest cloud-computing company, is pushing into a new line of work: computer chips. Late last month, the company, based in Seattle, revealed that it had spent the last few years building a new chip for use inside the millions of servers in its data centers around the world. […]

Google CEO defends 'integrity' of products ahead of testimony

WASHINGTON (Reuters) – The chief executive officer of Alphabet Inc’s (GOOGL.O) Google on Monday defended the integrity of the company’s products a day ahead of a congressional hearing where he is expected to face tough questions from U.S. lawmakers. FILE PHOTO: Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference […]

Evelyn Berezin, 93, Dies; Built the First True Word Processor

Evelyn Berezin, a computer pioneer who emancipated many a frazzled secretary from the shackles of the typewriter nearly a half-century ago by building and marketing the first computerized word processor, died on Saturday in Manhattan. She was 93. Marc Berezin, a nephew, confirmed her death, at the Mary Manning Walsh Home. He said she had […]

Almost half of S&P 500 stocks in a bear market

SAN FRANCISCO (Reuters) – The S&P 500 is not yet in a bear market, but nearly half of its components are. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid Hurt by worries about global growth, the S&P 500  on Monday fell as […]

Chinese Court Says Apple Infringed on Qualcomm Patents

A two-year legal battle between Apple and its chip supplier, Qualcomm, reached a new level of contention on Monday when Qualcomm said a Chinese court had ordered Apple to stop selling older iPhone models in China. The court ruling is the latest turn in the two companies’ fight over Apple’s use of Qualcomm technology in […]

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. FILE PHOTO: The Wells Fargo name is shown on an office town in downtown […]

India’s Top Central Banker Quits as Government Seeks More Control

MUMBAI, India — India’s top central banker resigned on Monday after tussling for months with Prime Minister Narendra Modi’s government over its desire to exert more control over the bank’s regulations and tap its reserves to increase government spending. The departure of the banker, Urjit Patel, came almost a year before his term was to […]

Stocks extend sell-off on growth and Brexit worries

NEW YORK (Reuters) – A gauge of global equities stumbled on Monday, putting it on track for its fifth straight daily decline, as losses in Europe and Asia extended to Wall Street on new signs the U.S.-China trade spat was impacting world economic growth. Further denting sentiment was confusion stemming from the vote by Britain’s […]

Stocks Fall Again as Delayed Brexit Vote Adds to Growing Global Uncertainty

Stocks slid again on Monday, as investors faced more evidence of a slowdown in global growth and a delayed vote on Britain’s planned exit from the European Union threatened to throw the Brexit process into disarray. Parliament had been expected to vote on Tuesday on the exit agreement, but the prospect of a defeat prompted […]

Avianca seeks to cut Airbus order as much as half: CEO

BOGOTA (Reuters) – Airline Avianca Holdings SA AVT_p.CN will begin negotiations with Airbus (AIR.PA) to reduce the 100 planes it had agreed to purchase in a 2015 deal to as few as 50, the chief executive of the Latin American company said. FILE PHOTO: Hernan Rincon, executive president and CEO of AVIANCA Holdings S.A., speaks […]

Wall Street drops over 1 percent on growth fears, Brexit uncertainty

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks deepened losses on Monday and the benchmark S&P 500 hit its lowest since April 4, with financial stocks leading the declines, as fears over global growth, the China-U.S. trade war […]

Qualcomm wins preliminary China import ruling against some iPhone models

(Reuters) – Chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the importation and sale of several Apple Inc iPhone models in China due to patent violations, though Apple said its phones remain available in the country. FILE PHOTO: The logo of Qualcomm is seen during […]

Ford in talks with German workers about Saarlouis job cuts

FILE PHOTO: The Ford logo at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton/File Photo FRANKFURT (Reuters) – Ford (F.N) said on Monday it had started negotiations with German worker representatives about potential job cuts at its Saarlouis plant following a decision […]

Verizon says to shed 10,400 jobs by mid next year

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Reuters) – Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. The New York-based […]

GoPro to move U.S.-bound camera production out of China

FILE PHOTO: A GoPro camera is seen on a skier’s helmet as he rides down the slopes in the ski resort of Meribel, French Alps, January 7, 2014. REUTERS/Emmanuel Foudrot/File Photo (Reuters) – GoPro Inc (GPRO.O) on Monday took the first steps to move most of its U.S.-bound camera production out of China by the […]

Carlos Ghosn, Ex-Nissan Chief, and Nissan Are Charged With Misstating His Pay

TOKYO — Prosecutors in Japan on Monday indicted Carlos Ghosn, the former chairman of Nissan Motor, and the auto company itself on charges that they had violated financial laws by underreporting Mr. Ghosn’s compensation. The indictment came three weeks after the Japanese authorities arrested Mr. Ghosn, who was once among the auto industry’s most respected […]

Huawei CFO bail hearing to resume in Canada as Beijing steps up pressure

TORONTO/BEIJING (Reuters) – A top executive of Chinese tech giant Huawei Technologies is due back in a Canadian court on Monday where she will fight for her freedom with the help of pressure from Beijing against prosecutors’ claims she cannot be trusted. Huawei [HWT.UL] Chief Financial Officer Meng Wanzhou, 46, was arrested by Canadian authorities […]

Nutella maker Ferrero in race to buy Campbell's international business: sources

Tins of Campbell’s Tomato Soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10, 2017. REUTERS/Chris Helgren MILAN (Reuters) – Ferrero SpA is interested in buying Campbell Soup Co’s (CPB.N) international business, which includes biscuit brand Arnott’s, two sources close to the matter said on Monday. The Italian group based in the […]

What Happens When 25,000 Amazon Workers Flush Toilets?

Amazon says its new headquarters in Long Island City, Queens, will bring 25,000 jobs. It will also bring more crowds, more noise and, yes, more toilet flushing. It might seem mundane, but what happens in the bathroom matters: New York, for all its modern conveniences, sits atop a century-old sewage system used by more people […]

DealBook Briefing: Guess Who Said ‘I Do Not Respect the S.E.C.’?

Good Monday. Want this by email? Sign up here. Elon Musk is at it again How seriously is Tesla’s C.E.O. taking his recent tussle with the S.E.C.? Not too seriously, if his appearance on CBS’s “60 Minutes” last night is any indication. Mr. Musk’s tweets are supposed to be vetted. He and Tesla recently reached […]

Planning lessons every small town can learn from disaster

Looking down on Kennett Township, PA, from the fire truck bucket. What if a disaster happened here? What would be the best plan while rebuilding? Note: This week and next week, I’m pleased to share these guest posts by Whitney Hoffman. She’s sharing some thoughts about being ready for and recovering from disasters. -Becky Guest […]

In a tight labor market, companies bet big on five-year rewards

NEW YORK (Reuters) – In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company. FILE PHOTO: A woman is seen in silhouette walking through Grand Central Station in New York September 25, 2014. REUTERS/Shannon Stapleton Well, they have got nothing on […]

How to Stop Apps From Tracking Your Location

At least 75 companies receive people’s precise location data from hundreds of apps whose users enable location services for benefits such as weather alerts, The New York Times found. The companies use, store or sell the information to help advertisers, investment firms and others. You can head off much of the tracking on your own […]

How The Times Analyzed Location Tracking Companies

To examine the practices of the location tracking industry, The New York Times tested apps on the Google Android and Apple iOS platforms, and evaluated data from a company that analyzed thousands of mobile apps. Testing Individual Apps Reporters tested both the Android and iOS versions of 10 apps: nine that had been flagged by […]

Bulb Tops List Of Britain’s 100 Fastest Growing Private Companies As It Nears A Million Customers

Bulb cofounders Hayden Wood and Amit Gudka.Bulb. Challenger energy-provider Bulb is Britain’s fastest-growing private business, having seen its valuation multiply 351 times during the three years since 2015. Bulb’s exceptional performance is noted in a new report from market research group Beauhurst and crowdfunding platform SyndicateRoom, which profiled the 100 fastest-growing companies based on how […]

‘Aquaman’ Is Already a Box Office Titan

LOS ANGELES — The box office action over the weekend took place in China, where “Aquaman” collected $94 million in tickets, validating a risky plan by Warner Bros. to release the movie in the Middle Kingdom before anywhere else. Hollywood has learned a lot about Chinese moviegoers in recent years, but releasing films in the […]

How Much Could the 1MDB Scandal Cost Goldman Sachs?

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ A huge fraud at a Malaysian investment fund has cast a harsh light on Goldman Sachs. But how much could the scandal cost the firm? Wall Street has been trying to estimate the amount of […]

Google Hearing to Preview Democrats’ Strategy on Big Tech

WASHINGTON — Democrats and Google executives worked arm in arm for years, particularly during the Obama administration. But when Sundar Pichai, Google’s chief executive, testifies before Congress on Tuesday, some of the toughest questioning is likely to come from Democrats. The hearing will provide an early glimpse of how Democrats plan to approach Silicon Valley […]

Global stocks extend slump as global growth worries mount

TOKYO (Reuters) – Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, […]

Huawei CFO seeks bail on health concerns; Canada wants her in jail

TORONTO/BEIJING (Reuters) – The CFO of China’s Huawei Technologies Co Ltd [HWT.UL] argued that she should be released on bail while awaiting an extradition hearing, citing her longstanding ties to Canada, properties she owns in Vancouver and fears for her health while incarcerated, court documents showed on Sunday. FILE PHOTO: Meng Wanzhou, Executive Board Director […]

Gilead Sciences to hire Roche executive O'Day as new CEO: source

FILE PHOTO: Roche Pharmaceuticals CEO Daniel O’Day attends a news conference in Basel, Switzerland February 1, 2017. REUTERS/Ruben Sprich/File Photo (Reuters) – Drugmaker Gilead Sciences Inc will name Roche Holding AG executive Daniel O’Day as its new chief executive officer, according to a source familiar with the matter. The announcement of O’Day’s hiring could come […]

Wall St. Faces Stomach-Churning Swings as Economic Uncertainty Grows

When a trade war broke out between the world’s two largest economies in June, investors barely blinked. After the Federal Reserve raised interest rates — often a reason for investors to sell stocks — the markets kept climbing. As some of the world’s largest economies began to slow down, American markets largely shrugged it off. […]

Not Getting Paid Fairly? Check out These Business Ideas in Florida

Photo by nappy from Pexels People work to provide themselves and their families with the basic essentials of life. When a person does a job, he or she deserves fair wages. But unfortunately, wage violations are far from rare in reality. If a person is not paid fairly, they need to take swift action to […]

Prosecutors set to indict Ghosn and Nissan as CEO's role in focus: sources

TOKYO (Reuters) – Tokyo prosecutors are due to indict ousted Nissan Motor (7201.T) Chairman Carlos Ghosn as well as the automaker itself on Monday, sources said, intensifying scrutiny of CEO Hiroto Saikawa’s role in the financial misconduct scandal. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event […]