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Ties to Saudi Prince Weigh on SoftBank Fund's Future

Hace 7 horas 58 mins
Billionaire Japanese tech investor Masayoshi Son and Saudi crown prince Mohammed bin Salman have been mutual supporters and business partners—but the disappearance of journalist Jamal Khashoggi has cast a shadow.

Uber Targets Trucking With New Trailer-Rental Business

Hace 8 horas 8 mins
Uber, trying to move beyond its unprofitable business of connecting drivers with passengers, is adding a new tractor-trailer rental business to help big-rig truckers haul freight.

New Cyberdefenses to Protect Your Smart Appliances From Hackers

Hace 9 horas 41 segs
Two SoftBank-backed companies are teaming up to thwart hackers pummeling some of the cyberworld’s most vulnerable targets (think lightbulbs and thermostats).

U.S. Criticizes China's Currency Practices, but Doesn't Add Manipulator Designation

Mié, 10/17/2018 - 22:44
The U.S. Treasury again passed up a formal opportunity to designate China a “currency manipulator,” but singled out the nation’s currency practices as a source of “particular concern.”

U.S. to Deliver on Threat to End China's Mail Privilege

Mié, 10/17/2018 - 22:12
The Trump administration opened a new front in Washington’s economic conflict with China, starting a process to withdraw from a 144-year-old international postal body whose discounts allow Chinese merchants to ship small packages to U.S. customers at steeply discounted rates.

Treasury Official Charged with Leaking Sensitive Bank Information

Mié, 10/17/2018 - 22:05
A Treasury Department official was arrested and charged with disclosing to a reporter information about sensitive financial transactions related to the Russia investigation, the latest move in the Justice Department’s efforts to target government leaks to the media.

Constellation CEO Rob Sands to Step Down From Corona Brewer

Mié, 10/17/2018 - 22:02
Rob Sands, the third in his family to lead the upstate Victor, N.Y. company, will step aside as chief executive on March 1, entrusting Constellation’s future to one of his lieutenants, Bill Newlands.

Fed Minutes Point to Continued, Gradual Interest-Rate Increases

Mié, 10/17/2018 - 20:34
Federal Reserve officials signaled they see a strong economy justifying continued interest-rate increases and said they will watch for evidence their moves are keeping economic growth on an even keel, minutes of their September policy meeting showed.

United, Delta Climb on Business-Class Demand

Mié, 10/17/2018 - 18:51
Strong demand for premium travel is helping U.S. carriers like United and Delta offset higher fuel costs.

Edward Lampert, the Hedge-Fund Star Who Bet on Sears, Is Unrepentant

Mié, 10/17/2018 - 17:58
He made billions for investors in his ESL Investments fund by bucking naysayers. At the storied American retailer, which filed for bankruptcy this week, his instincts proved wrong.

IBM Shares Slide as Revenue Drop Renews Concerns

Mié, 10/17/2018 - 17:47
Shares of International Business Machines fell Wednesday after the company’s drop in revenue renewed concerns about the tech giant’s growth prospects.

Alcoa Raises Profit Outlook as Tariffs Lift Aluminum Prices

Mié, 10/17/2018 - 17:46
Alcoa said higher U.S. aluminum prices from a tariff on imports and rising sales of raw materials needed to make aluminum improved its revenue in the third quarter.

Brexit Provides Early Proof ofDeglobalization'sCosts

Mié, 10/17/2018 - 17:33
Never in the last 70 years has a major economy left a free-trade area. Brexit and its effects on the U.K. are providing the first real-world evidence of the costs that come from undoing the intricate bonds of globalization.

EBay Sues Amazon, Alleging Sellers Were Illegally Poached

Mié, 10/17/2018 - 17:17
EBay.com filed a lawsuit against Amazon.com, accusing the company of illegally poaching sellers on its marketplace via eBay’s internal messaging system.

Trump Seeks 5% Budget Cuts From Cabinet Agencies

Mié, 10/17/2018 - 16:54
President Trump asked each cabinet member to devise proposals to cut their respective department budgets by 5% next year, days after the Treasury Department said the federal budget deficit had widened 17% to $779 billion.

U.S. Boosts Credit Line to Mexico in Gesture of Ties

Mié, 10/17/2018 - 14:52
The U.S. is boosting the size of a credit line available to Mexico in times of need, part of a largely symbolic display of close ties as the countries prepare to sign a new version of the North American Free Trade Agreement.

When Your Day Job Isn't Enough

Mié, 10/17/2018 - 14:01
It used to be that many people had to choose between their creative aspirations and their commitment to a corporate career, but in the era of the side hustle some manage to do both.

Tesla Advances in China, Buying Land for a Factory

Mié, 10/17/2018 - 12:30
Elon Musk’s electric-vehicle maker is speeding up construction of a plant in Shanghai in response to the U.S.-China trade dispute.

U.S. Housing Starts Fell in September

Mié, 10/17/2018 - 11:13
Home construction fell last month, continuing a weak stretch driven by rising borrowing costs and expensive properties that are out of reach for most Americans.

Tastemade Orders Up $35 Million Funding Round, Aims to Cash In on Data

Mié, 10/17/2018 - 06:07
Tastemade, a Santa Monica, Calif.-based digital-video company that pairs bite-sized videos with audience data, has raised $35 million in its latest funding round, the company said.

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