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Updated: 1 hour 49 min ago

U.S. FTC chief says regulator is prepared to break up big tech firms: Bloomberg

Tue, 08/13/2019 - 22:27
The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg published on Tuesday, as the regulator probes anti-competitive practices in the sector.
Categories: Financial Media

U.S. SEC to consider new guidance on investor use of proxy advisors

Tue, 08/13/2019 - 22:20
The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors.
Categories: Financial Media

Tech leads Wall Street higher as tariff delay sparks rally

Tue, 08/13/2019 - 22:16
U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.
Categories: Financial Media

Shares, dollar rebound on thaw in U.S.-China trade war

Tue, 08/13/2019 - 21:46
U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth.
Categories: Financial Media

ViacomCBS is just the beginning of Shari Redstone's media deals

Tue, 08/13/2019 - 21:02
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger.
Categories: Financial Media

Oil soars near 5% as U.S. delays tariffs on some Chinese goods

Tue, 08/13/2019 - 20:43
Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months.
Categories: Financial Media

Trump backs off China tariff plan with delays for cellphones, laptops

Tue, 08/13/2019 - 20:32
President Donald Trump on Tuesday backed off his plan to impose 10% tariffs on remaining Chinese imports on Sept. 1, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales.
Categories: Financial Media

Facebook paid contractors to transcribe users' audio: Bloomberg

Tue, 08/13/2019 - 20:25
Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter.
Categories: Financial Media

Colgate warns Venezuelans not to buy fake imported toothpaste brands

Tue, 08/13/2019 - 20:08
Colgate-Palmolive Co is warning Venezuelans not buy fake versions of its toothpaste brands, leading local authorities to issue a health warning, as demand for imported products in Venezuela's dysfunctional economy encourages the spread of knock-off goods.
Categories: Financial Media

CBS-Viacom is just the beginning of Shari Redstone's media deals

Tue, 08/13/2019 - 20:02
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger.
Categories: Financial Media

CBS, Viacom reach deal to reunite Sumner Redstone's media empire

Tue, 08/13/2019 - 19:55
CBS Corp and Viacom Inc have reached a deal to reunite media mogul Sumner Redstone's U.S. entertainment empire after 13 years apart.
Categories: Financial Media

Fidelity battles IRS in court over coal tax credits

Tue, 08/13/2019 - 19:40
Fidelity Investments' courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of chemically treated coal.
Categories: Financial Media

Wall Street rebounds as tariff delay prompts rally

Tue, 08/13/2019 - 19:21
Wall Street rose on Tuesday after the Trump administration announced a delay on select Chinese import tariffs, bringing buyers back to the equities market in a broad-based rally.
Categories: Financial Media

CBS, Viacom agree to merge in all-stock deal

Tue, 08/13/2019 - 19:18
CBS Corp and Viacom Inc agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up.
Categories: Financial Media

GM, Ford planning for possible economic downturn: executives

Tue, 08/13/2019 - 18:34
The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession.
Categories: Financial Media

Ryanair's Irish pilots agree to talks as strike looms

Tue, 08/13/2019 - 18:28
Ryanair's directly employed pilots in Ireland agreed to attend mediated talks starting on Wednesday to avert a strike their trade union said would go ahead next week if the airline does not properly address a pay claim.
Categories: Financial Media

Brick & Mortar fund raises $97 million to make construction tech-savvy

Tue, 08/13/2019 - 18:10
Brick & Mortar Ventures, a venture capital fund founded by a scion of family-run Bechtel Corp, said on Tuesday it had raised $97.2 million from leading construction-related companies as builders turn to 3D printing and other software to cut costs and boost productivity.
Categories: Financial Media

Apple's AirPods will not escape Trump's China tariffs

Tue, 08/13/2019 - 18:05
Apple Inc's AirPods, Apple Watch and HomePod, which have helped the company to offset waning sales of its bestselling iPhone this year, are not included in a temporary reprieve on tariffs by the Trump administration and will face a 10% levy on Sept 1.
Categories: Financial Media

Exclusive: After 50 years in UK North Sea, Exxon eyes the exit - sources

Tue, 08/13/2019 - 17:56
Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.
Categories: Financial Media

Snap, in augmented reality push, launches new Spectacles version

Tue, 08/13/2019 - 17:53
Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses that will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat.
Categories: Financial Media

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