American Business News for 24 Oct 2016
Asia's main equity markets were lower early Monday, with disappointing trade data from Japan and a slightly stronger yen putting a cap on local shares.
South Korea's Hanjin Shipping Co. said Monday it plans to close its European operations, in the latest sign that the troubled company is heading toward liquidation.
AT&T shook up the media landscape this weekend by announcing it is buying Time Warner for more than $85 billion. The chief partners in the deal still need to clear some hurdles before the deal is... confirmed, but there are already some unlikely political allies who are questioning whether it should go through. Tony Dokoupil reports on the blockbuster deal.
AT&T Inc.'s $85 billion purchase of Time Warner Inc. likely will face political opposition no matter who wins the presidential election.
Lynk & Co says the business model is "new" and will "challenge auto industry conventions". Will they? Here's what we know.
VB LIVE: Whether ’tis smarter for banks to suffer the slings and arrows of potentially falling behind — or build bots with their attendant risk. That’s the question we’ll be answering in this... VB Live event featuring Forrester senior analyst Peter Wannemacher. Join us for insight into how to leverage the power of banking bots while minimizing the real potential for […]
Miraflores Palace/Handout/Reuters The prospect of a crude oil production cut from OPEC — tentatively agreed to late last month — may be scuppered before it’s even been inked if the latest... headlines are anything to go by. The latest source of unease comes from Iraq, which, over the weekend, joined the likes of Iran, Nigeria and Libya in seeking an exemption to cutting oil output for an OPEC deal, scheduled to be discussed at the group’s upcoming meeting in late November. “Iraq is looking for an exclusion for an OPEC deal to cut oil production because of its current conflict with militants,” wrote Vivek Dhar, a mining and energy analyst at the Commonwealth Bank. “The country claims it currently produces more than 4.7 million barrels per day, which could still rise further in...
(Reuters) - Companies can reduce the risk from the type of cyber attack that took out major websites on Friday by using multiple vendors for the critical internet service known as a domain name... service, or DNS, companies and security experts said on Sunday.
Strong dollar story is reflecting the divergence between the paths of the Fed and the rest of the world, and it's beginning to fuel gains in foreign stocks.
Sascha Schuermann/Getty Images Hedge funds' dismal performance might be a warning sign to the greater economy. Several hedge funds have blamed their poor performance on central bankers, whose low... interest rates, in the funds' view, are distorting markets. In August, $9 billion fund manager Crispin Odey blamed his own fund's underformance on central banks, which he added are creating an unsustainable economy. Now another hedge fund firm, which actually benefits when other funds aren't performing well, is coming out against the central banks – and warning that hedge funds' lackluster returns are, in a way, a "canary in the coalmine" for capital markets more broadly. Rosebrook Capital Partners is a New York-based hedge fund that buys hedge fund stakes in the secondary markets, meaning...
REUTERS SYDNEY, Oct 24
A look at where Hillary Clinton and Donald Trump stand on three dozen issues: ABORTION Persistent Republican-led efforts to restrict access to abortion and to curb government funding for Planned …
REUTERS/Russell Cheyne London
It was a striking image. A photo of an 89-year-old man hunched over, struggling to push his cart with frozen treats. Fidencio Sanchez works long hours every day selling the …
Hillary Clinton has been involved in the nation's health care debate for more than 20 years and, as her campaign likes to say, she has the scars to prove it. …
One group of Americans will likely see huge changes to their tax bills after this year's presidential election: the wealthiest 1 percent. They will see a big tax increase if …
Socialist leaders tell party's lawmakers to abstain when Parliament considers his candidacy next weekend, depriving other opposition parties of the votes needed to keep blocking the conservative... incumbent.
In other news, five states -- Uttar Pradesh, Goa, Uttarakhand, Manipur and Punjab -- are likely to go on polls simultaneously in February-March
Nvidia, a publicly traded company that makes graphics processing units (GPUs), has been focusing its business more and more completely on artificial intelligence (A.I.), having managed to sell... considerable quantities of GPUs for that type of computing work to big companies like Facebook and Google. Those GPUs sit in servers, rather than desktops, laptops, and […]
Hundreds of South Korean Galaxy Note 7 smartphone owners were preparing Monday to file a lawsuit against Samsung Electronics over the fire-prone device. Attorney Peter Young-Yeel Ko, head of the …
You may be scared that robots will replace your job in the future. But is that really the case?
Investors continue to bet on higher U.S. rates, keeping the dollar elevated against major crosses.
Deal would combine two of the largest online brokerages; Scottrade now works with about 1,000 RIAs.
Iraqi oil officials over the weekend were reported to have said they would not scale back output, sparking concerns other countries might ask to be left out of a pact to cut production.