Uber CEO tells London I’m sorry for the mistakes we’ve made Uber CEO tells London I’m sorry for the mistakes we’ve made: Uber’s Chief Executive apologized on Monday for the taxi app’s mistakes in London and promised to change as the firm fights a decision by the city not to […]
Business
Business
Tech stocks sell-off deepens fears of shift away from sector Tech stocks sell-off deepens fears of shift away from sector: Technology stocks including Facebook (FB.O), Microsoft (MSFT.O) and Alphabet (GOOGL.O) dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for […]
Target raises minimum hourly wage to $11 pledges $15 by end of 2020 Target raises minimum hourly wage to $11 pledges $15 by end of 2020:Â Target Corp (TGT.N) said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by […]
Unilever steps up beauty push with $2.7 billion Carver Korea deal Unilever steps up beauty push with $2.7 billion Carver Korea deal:Â Unilever (ULVR.L)(UNc.AS) has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business. The […]
Walt Disney threatens to pull ESPN ABC from Optimum Walt Disney threatens to pull ESPN ABC from Optimum:Â Walt Disney Co (DIS.N) has threatened to pull its programming from the fourth largest U.S. cable distributor, Altice USA, if the two parties cannot reach a deal before the end of the month, […]
China iQiyi eyes U.S. listing at up to $10 billion valuation Bloomberg China iQiyi eyes U.S. listing at up to $10 billion valuation Bloomberg: aidu Inc’s (BIDU.O) video streaming service iQiyi, a Chinese-style Netflix (NFLX.O), is looking for an initial public offering in the United States as early as next year, […]
SEC chairman belatedly learned of 2016 agency hack testimony SEC chairman belatedly learned of 2016 agency hack testimony: The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator’s database of corporate announcements in 2016, according […]
Apple shares flirt with correction territory Apple shares flirt with correction territory: Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. Digitimes, citing unnamed sources, reported that […]
U.S. agency claims huge hole in Westinghouse pension plan U.S. agency claims huge hole in Westinghouse pension plan: Employees of U.S. nuclear power firm Westinghouse Electric Co LLC, which is bankrupt and reeling from a failed reactor project, got a nasty surprise recently: in the eyes of the U.S. government’s […]
Time Inc in talks to sell assets warns on third-quarter ad revenue softness Time Inc in talks to sell assets warns on third-quarter ad revenue softness:Â Time Inc (TIME.N) said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both […]
