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- Google to charge Android partners up to $40 per device for apps: source
Sat, 20 Oct 2018 04:50:41 -0400
(This Oct. 19 story has been refiled to fix wording in fourth paragraph)
- UBS warns staff over China travel after banker held in Beijing: source
Sat, 20 Oct 2018 02:25:31 -0400
Swiss bank UBS Group AG. has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said.
- With market on edge, investors look to tech trio
Sat, 20 Oct 2018 00:35:35 -0400
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
- Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level
Fri, 19 Oct 2018 21:07:16 -0400
Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday.
- Frustrated GM investors ask what more CEO Barra can do
Fri, 19 Oct 2018 19:04:43 -0400
General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.
- Apple CEO urges Bloomberg to retract spy chip story
Fri, 19 Oct 2018 18:49:46 -0400
Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents.
- S&P falls on interest rate, trade concerns; P&G lifts Dow
Fri, 19 Oct 2018 17:53:30 -0400
The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.
- Euro, pound rally on Brexit concession; global stocks dip
Fri, 19 Oct 2018 16:49:53 -0400
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.
- Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base
Fri, 19 Oct 2018 16:14:03 -0400
U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday.
- Tesla launches new $45,000 Model 3
Fri, 19 Oct 2018 16:11:20 -0400
Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease.
- Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources
Fri, 19 Oct 2018 16:03:58 -0400
Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.
- U.S. landlords copy hotel model to cut risk as coworking surges
Fri, 19 Oct 2018 16:03:27 -0400
Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers.
- SEC investigates Honeywell for asbetos-related accounting
Fri, 19 Oct 2018 15:55:20 -0400
Honeywell International Inc said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities.
- AbbVie CFO Chase to retire by mid-year 2019
Fri, 19 Oct 2018 15:26:37 -0400
AbbVie Inc said on Friday that William Chase stepped down as chief financial officer and will retire from the company in mid-2019, and the U.S. drugmaker promoted controller, Robert Michael, to the CFO role.
- JPMorgan to build Silicon Valley fintech office
Fri, 19 Oct 2018 15:22:44 -0400
JPMorgan Chase & Co said on Friday that it was building a new "fintech campus" in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments.
- Canada gives Lockheed Martin first chance to bid on warships design
Fri, 19 Oct 2018 15:19:41 -0400
The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).
- Wanda Ferragamo, matriarch of famed shoemaker, dies at 96
Fri, 19 Oct 2018 14:56:03 -0400
Wanda Ferragamo, the honorary president of the Florentine shoemaker founded by her husband Salvatore, has died at the age of 96, the family said on Friday.
- Switzerland, Victorinox settle legal fight over Swiss Army perfume
Fri, 19 Oct 2018 14:35:06 -0400
Fans of Swiss Army perfume can breathe a sigh of relief: the government and knifemaker Victorinox have settled a legal row that paves the way for military-grade scents to be sold in North America.
- U.S. extends deadline for investors to divest holdings in Russia's Gaz
Fri, 19 Oct 2018 14:18:38 -0400
The U.S. Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12.
- U.S. frees Prudential Financial from more rigorous Fed oversight
Fri, 19 Oct 2018 13:43:45 -0400
A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.