Business

  • China's Banks to Stop Doing Business with North Korea
    Peoples_bank_of_china 2017-09-21 13:19:57 UTC
    BEIJING/HONG KONG (Reuters) - China’s central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang’s repeated nu...
  • Elizabeth Warren launches investigation into Equifax breach
    Elizabeth_warren_launches_an_investigation_into_equifax_data_breach 2017-09-16 02:48:20 UTC
    WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s massive data breach, and along with 11 other Democratic senators, introduced a bill to allow consumers to freeze their credit for fre...
  • Equifax: Web Server Vulnerability Led to Hack
    Equifax_data_breach 2017-09-14 11:48:32 UTC
    (Reuters) - Credit reporting company Equifax Inc blamed a web server vulnerability in its open-source software, called Apache Struts, for the recent data breach that compromised personal details of as many as 143 million U.S. consumers. The mas...
  • Bluetooth bugs bedevil billions of android devices
    Bluetooth_bugs_bedevil_billions_of_android_devices_ 2017-09-13 17:45:53 UTC
    More than 5.3 billion devices with Bluetooth signals are at risk of a malware attack newly identified by an internet of things security company. If you're not keeping count, that's most of the estimated 8.2 billion devices that use Bluetooth, w...
  • JPMorgan's Dimon says Bitcoin 'is a fraud' and will blow up
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-09-12 21:06:11 UTC
    NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), said on Tuesday. Speaking at an investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t h...
  • Apple rolled out its much-anticipated iPhone X and cellular Watch
    Apple_inc_rolled_out_a_new_version_of_the_apple_watch 2017-09-12 19:21:35 UTC
    CUPERTINO, Calif. (Reuters) - Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a redesigned product of glass and stainless steel with an edge-to-edge display that Apple Chief Executive Tim Cook called “the biggest leap forward since ...
  • Brexit may force Toyota to shift some UK production elsewhere
    Brexit_may_force_toyota_to_shift_some_uk_production_elsewhere 2017-09-12 18:54:54 UTC
    FRANKFURT (Reuters) - Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday. Early government as...
  • Equifax Hack Exposes Data of Up to 143 Million Customers
    Equifax_data_breach 2017-09-08 17:21:16 UTC
    By Yashaswini Swamynathan (Reuters) - Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of ...
  • North Korea Missile Test Jolts Investors: U.S. Stocks Drop
    What_is_a_point_on_the_new_york_stock_exchange_ 2017-08-29 14:07:59 UTC
    (Reuters) - The Dow fell more than 100 points at the open on Tuesday as North Korea’s missile test over Japan prompted President Donald Trump to warn that “all options are on the table”, triggering a flight to safety among investors. The missil...
  • Samsung Vice Chairman Jay Y. Lee sentenced for five years
    Samsung_vice_chairman_jay_y._lee_sentenced_for_five_years 2017-08-25 07:18:22 UTC
    SEOUL (Reuters) - A South Korean court jailed Samsung Electronics Vice Chairman Jay Y. Lee for five years on Friday. The Seoul Central District Court was delivering its verdict on charges against Lee, 49, ranging from bribery to perjury in a sc...
  • Whole Foods' Competitors Fear Amazon Price Cuts
    Whole_foods'_competitors_fear_amazon_price_cuts 2017-08-25 06:36:18 UTC
    (Reuters) - Amazon said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling on fears that brutal market share battles will intensify. Amazon’s $13.7 bill...
  • Fired Google Engineer Hires Lawyer in Free Speech Case
    Google 2017-08-24 17:30:02 UTC
    Google found itself at the epicenter of controversy this month after a 10-page anti-diversity manifesto written by one of its employees, which had circulated internally at the company, went viral. James Damore, the employee who wrote the memo—whic...
  • U.S. workers have low hopes for higher pay
    U.s._workers_have_low_hopes_for_higher_pay 2017-08-21 17:01:39 UTC
    NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, according to a Federal Reserve survey published on Monday. The fir...
  • Trump disbanded business councils after CEOs exit
    Trump_encouraged_alt-right_groups_to_be_more_violent 2017-08-16 18:35:17 UTC
    WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump disbanded two high-profile business advisory councils on Wednesday after corporate CEOs quit in protest at his remarks blaming violence in Charlottesville, Virginia, not only on white nat...
  • Google takes action against 'anti-diversity memo'
    Google_takes_action_against_'anti-diversity_memo' 2017-08-08 04:49:59 UTC
    San Francisco (Reuters) - Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the te...
  • Apple to launch 'Call Watches' without needing an iPhone
    Apple_to_launch_'call_watches'_without_needing_an_iphone 2017-08-04 22:52:29 UTC
    (Reuters) - Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch ...
  • Apple bends to the will of China after Putin bans Apps
    Apple_bends_to_the_will_of_china_after_putin_banning_apps 2017-08-02 19:47:45 UTC
    Apple Conforms To Chinese Law Pulls Apps From China App Store As Russia Signs Law Banning Their Use. Russia has signed a law banning the use of virtual private networks (VPNs) that enable users to gain access to websites banned in Russia. ...
  • Facebook's Sheryl Sandberg: We need to start paying women well
    Facebook's_sheryl_sandberg-_we_need_to_start_paying_women_well 2017-07-31 04:47:45 UTC
    LONDON (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg called on governments and companies to do more to close the gender pay gap on Sunday and said both girls and boys should be encouraged to become leaders from an early age. ...
  • Tesla delivers the first 30 of its Model 3 cars in California
    Tesla_delivers_the_fierst_30_of_its_model_3_cars_in_california 2017-07-30 16:01:45 UTC
    FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the compan...
  • US automakers expect a rougher ride for the rest of the year
    Ford_plans_to_shrink_its_salaried_workers_in_us_by_3000 2017-07-26 19:53:53 UTC
    DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year. Ford said full-year pre-tax profi...
  • Toyota long-range electric car needs just minutes for charging
    Toyota_long-range_electric_car_needs_just_minutes_for_charging 2017-07-25 04:21:56 UTC
    TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday....
  • Hottest Tech startups don't need venture capital money
    Hottest_tech_startups_don't_need_venture_capital_money 2017-07-24 07:00:59 UTC
    NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few...
  • ExxonMobil Fined $2M for Russia Sanctions Breach Under CEO Tillerson
    Rex_tillerson_skipping_first_nato_meeting__visiting_moscow 2017-07-22 08:02:32 UTC
    <blockquote>Washington - The U.S. Treasury Department has fined ExxonMobil $2 million for violating U.S. sanctions against Russia three years ago, when Secretary of State Rex Tillerson served as the oil company’s CEO. The Treasury said ExxonMo...
  • Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
    Brexit_job_moves-_morgan_stanley_and_citigroup_choose_frankfurt 2017-07-19 16:48:26 UTC
    FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
  • Google Earth users will be able to post stories, video and photos
    Google_earth_users_will_be_able_to_post_stories__video_and_photos 2017-07-14 22:16:57 UTC
    RIO DE JANEIRO (Reuters) - Google wants users to post millions of stories, video and photos on its 'Google Earth' platform in the next few years, the program chief said on Tuesday at a launch event in Brazil for content focused on showcasing the A...