Business News
Cut in China tariffs on cars a 'litmus test' for trade talks: Kudlow
Reuters - 4 Dec 2018 19:50
White House economic adviser Larry Kudlow said on Tuesday that a reduction in Chinese tariffs on U.S. cars and agricultural and energy commodities would be a "litmus test" for whether U.S.-China trade talks are on track ...
Visa, Mastercard offer to cap tourist card fees to end EU probe
Reuters - 4 Dec 2018 19:40
Visa and Mastercard have offered to cap the fees charged on card payments made by tourists in the European Union to stave off fines and end an EU antitrust investigation.
Sexual Harassment Claims Against Ted Baker's Founder Have Cost the Company $90 Million in 2 Days
Time - 4 Dec 2018 17:13
The London-based company's stock fell as much as 14 percent Tuesday
Thomson Reuters to cut 3,200 jobs by 2020
New York Post - 4 Dec 2018 16:48
TORONTO -- Thomson Reuters said on Tuesday that it will cut its workforce by 12 percent by 2020, axing 3,200 jobs, as part of a plan to streamline the business and improve operating efficiencies. The news and information...
Having a bad boss might make you a better one, but there's a catch
USA Today - 4 Dec 2018 16:44
We've all had bad bosses, but that doesn't mean we have to be one when the time comes. Buzz60's Tony Spitz has the details.
Will Ad Dollars Continue Shifting From Facebook to Instagram in 2019?
AdWeek - 4 Dec 2018 16:30
Marketers began shifting ad dollars from Facebook to Instagram in 2018, and social media management platform Socialbakers only sees that trend gaining momentum in 2019. Socialbakers CEO Yuval Ben-Itzhak told Adweek the c...
Economic chill dulls Chinese appetite for some luxury brands
ABC News - 4 Dec 2018 05:23
Economic chill weighs on China's appetite for some luxury brands
Oath Agrees to $5 Million Settlement Over Children's Privacy Online
The New York Times - 4 Dec 2018 04:00
The New York attorney general said the media company's online advertising business was violating the federal children's privacy law known as Coppa.
Oil prices extend gains on expected OPEC-led supply cuts
Reuters - 4 Dec 2018 03:50
Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
Colorado awards $10M grant for 33 vehicle charging stations
Miami Herald - 4 Dec 2018 02:38
Colorado has awarded a $10.3 million grant for California-based ChargePoint Inc. to install electric vehicle charging stations along several major highways in the state. The Daily Sentinel reports the grant …
The NYPD just unveiled its first drone fleet
Business Insider - 4 Dec 2018 23:03
REUTERS/Bria Webb The New York Police Department has shown off its first fleet of 14 drones. The department said that potential uses for its fleet include search and rescue, hard-to-reach crime scenes, hostage situations...
Verizon subsidiary fined $5M for allowing advertisers to track, collect children's data
Market Watch - 4 Dec 2018 23:02
Record fine for violations of law protecting kids' online information.
Wall Street shares drop as yield curve causes alarm
BBC - 4 Dec 2018 22:00
All three US indexes fall more than 2%, as a closely-watched financial measure causes alarm.
Soomla raises $2.6 million for mobile monetization measurement
Venture Beat - 4 Dec 2018 18:00
Soomla has raised $2.6 million in funding for its mobile monetization measurement platform.
The Adweek Staff's Favorite Holiday Ads of All Time
AdWeek - 4 Dec 2018 18:00
With the holiday season fast approaching, Adweek asked our staff to share their favorite holiday ads from the over the years. They discussed some oldies and some goodies, including favorites from iconic brands like Coca ...
Mulvaney's misfire: CFPB name change could cost industry millions of dollars
American Banker - 4 Dec 2018 17:08
An internal agency analysis says changing the name of the bureau to the BCFP, as Mulvaney wants, could cost banks, credit unions and mortgage firms $300 million. It doesn't have to be this way.
Siemens looks for faster growth in 'smart' buildings, eyes acquisitions
Reuters - 4 Dec 2018 17:00
Siemens wants to grow its building technologies business faster than the overall construction market next year, possibly with help from acquisitions, the business' chief executive Matthias Rebellius said on Tuesday.
Exclusive: Exxon, Chevron seek to exit Azerbaijan's oil after 25 years
Reuters - 4 Dec 2018 16:59
Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.
Trump holds out possible extension on 90-day China trade truce
Reuters - 4 Dec 2018 16:45
U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce he and Chinese President Xi Jinping agreed on over the weekend.
Markets Right Now: Stocks open lower on Wall Street
ABC News - 4 Dec 2018 16:40
Stocks are opening lower on Wall Street, led by losses in technology companies and banks.
U.S. Commerce chief says timing of auto tariffs depends on talks
Reuters - 4 Dec 2018 16:35
U.S. Commerce Secretary Wilbur Ross said on Tuesday that possible tariffs on automakers are aimed at pushing companies to make more cars and other vehicles in the United States and the timing of any duties would depend o...
Wall Street opens lower on trade truce doubts, bond market nerves
Reuters - 4 Dec 2018 16:33
U.S. stocks opened lower on Tuesday, as investors turned skeptical of the chances of a breakthrough in the U.S.-China trade talks, while a flattening U.S. yield curve raised fears of a slowing domestic economy.