(Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world’s biggest online retailer of getting unfairly cheap rates from the U.S. Postal Service and not paying enough tax. Trump’s comments on Twitter reiterated criticisms he made on Thursday about the company.…
Month: March 2018
Snapchat parent cuts 7 percent of its global workforce in March
(Reuters) – Snap Inc (SNAP.N) on Friday said it cut 7 percent of its global workforce in March, as disclosed by it in a regulatory filing here. A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap…
U.S. explores including wage factor in NAFTA auto rules: sources
MEXICO CITY (Reuters) – U.S. trade negotiators have floated a plan to introduce rules under a reworked NAFTA that stipulate a certain amount of automotive production must be carried out in areas paying higher salaries, two sources familiar with the matter said. Flags of Canada, Mexico and the U.S. are seen before…
Come for your drugs, leave with more shopping: Walmart’s new growth strategy?
(Reuters) – Walmart Inc’s (WMT.N) efforts to develop closer ties with health insurer Humana Inc (HUM.N), which came to light on Thursday, point to a brave new world of retail where superstores become healthcare centers offering basic medical care. FILE PHOTO: The logo of Walmart is seen on shopping trolleys at their…
India’s electronics ministry moots duties on key smartphone component: sources
MUMBAI/NEW DELHI (Reuters) – India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in a series of moves aimed at boosting domestic manufacturing in the world’s second-biggest smartphone market. FILE PHOTO: Commuters watch videos on their mobile phones as they travel…
Exclusive: Google employees organize to fight cyber bullying at work
SAN FRANCISCO (Reuters) – About 100 Google U.S. employees concerned about cyber bullying inside the company have organized into a group proposing new policies for conduct at the unit of Alphabet Inc, five people involved in the effort said in recent interviews. Silhouettes of laptop and mobile device users are seen next…
U.S. judge certifies Goldman Sachs gender bias class action
NEW YORK (Reuters) – A federal judge ruled that women accusing Goldman Sachs Group Inc of discriminating against them in pay, promotions and performance reviews may pursue their claims as a group in a class-action lawsuit. FILE PHOTO: The logo of Goldman Sachs is displayed in their office located in Sydney, Australia,…
Deutsche Bank eyes ex-UBS manager Zeltner as next CEO: Spiegel
BERLIN (Reuters) – Deutsche Bank’s (DBKGn.DE) chairman Paul Achleitner is considering making Juerg Zeltner, the former head of the wealth management business of Swiss bank UBS(UBSG.S), the successor to Chief Executive John Cryan, Spiegel magazine reported on Friday. FILE PHOTO – Juerg Zeltner, President of UBS Wealth Management is pictured during an…
Eager for calming news, investors look to earnings
NEW YORK (Reuters) – Nervous stock investors are hoping an unusually U.S. strong earnings season can restore some of the optimism that characterized equity markets last year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid Imploding technology stocks and…
Under Armour says 150 million MyFitnessPal accounts breached
(Reuters) – Under Armour Inc (UAA.N) (UA.N) said on Thursday that data from some 150 million MyFitnessPal diet and fitness app accounts was compromised in February, in one of the biggest hacks in history, sending shares of the athletic apparel maker down 3 percent in after-hours trade. The MyFitnessPal app is seen…
Zuckerberg disavows memo saying all user growth is good
SAN FRANCISCO (Reuters) – A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg. Facebook CEO Mark Zuckerberg speaks on stage…
Walmart talking with Humana on closer ties; acquisition possible: sources
(Reuters) – U.S. retailer Walmart Inc (WMT.N) is in early-stage talks with health insurer Humana Inc (HUM.N) about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday. Shopping carts are seen outside a new Wal-Mart Express store in Chicago July…
Foxconn fourth-quarter net profit estimated T$71.66 billion, up 4 percent from year ago
TAIPEI (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker and a key Apple Inc APPL.O supplier, reported on Friday 4.2 percent growth in fourth quarter net profit from a year ago, defying expectations for a decline. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is…
Starbucks coffee in California must have cancer warning, judge says
(Reuters) – Starbucks Corp (SBUX.O) and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines. FILE PHOTO – A woman holds a Frappuccino at a Starbucks store inside the Tom Bradley terminal…
Amazon cuts ties with top Washington lobbying firms: Bloomberg
(Reuters) – Online retailing behemoth Amazon.com Inc (AMZN.O) has cut ties with Washington lobbying firms Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs, Bloomberg reported on Friday. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy…
Singapore watchdog says Uber-Grab deal may have infringed competition
SINGAPORE (Reuters) – Singapore’s competition watchdog said it had reasonable grounds to suspect competition had been infringed by Uber Technologies Inc’s [UBER.UL] deal to sell its operations in Southeast Asia to rival ride-hailing firm Grab. FILE PHOTO: The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White/File…
How Seoul raced to conclude U.S. trade deal ahead of North Korea talks
SEOUL (Reuters) – South Korean trade officials braved snowstorms, ate instant noodles to save time and spent weeks hotel-hopping in Washington as they raced to overcome major trade hurdles with their U.S. ally ahead of high-stakes nuclear discussions with North Korea. FILE PHOTO: Rolled steel are seen at a Hyundai Steel plant…
Zuckerberg disavows memo saying all user growth is good
SAN FRANCISCO (Reuters) – A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg. Facebook CEO Mark Zuckerberg speaks on stage…