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MSNBC Business News
Strike Two for South Korea: Hyundai Hit With $41M Fine
Thu, 27 Oct 2016 19:39:00 GMT
South Korean carmakers Hyundai and Kia will pay $41.2 million to resolve an investigation by 33 U.S. states over their 2012 mileage restatements.
The Best Vine Videos We'll Miss
Thu, 27 Oct 2016 22:15:11 GMT
Twitter announced it's shutting down the Vine video site. These are a few of the Vines we'll miss.
Advocacy Groups Urge Obama to Protect LGBTQ Business Owners
Thu, 27 Oct 2016 21:56:00 GMT
Advocacy groups and business owners are urging President Obama to bar discrimination against LGBTQ business owners in government contracting and subcontracting.
Vine Stars Say They'll Outlive Site's Death
Thu, 27 Oct 2016 20:20:00 GMT
Vine didn't die today, it had already withered. But its brightest flowers are already flourishing elsewhere.
Don't Tell Santa! Arby's Is Introducing Deer Sandwiches
Thu, 27 Oct 2016 16:15:00 GMT
In celebration of the start of hunting season, the Arby's restaurant chain will start selling a venison sandwich.
SkyWest Pilot Accused of Trying to Fly While Drunk
Thu, 27 Oct 2016 12:19:48 GMT
Police say 38-year-old Russell Duszak's blood alcohol level was above the legal limit of .04 when he was preparing to fly out of Salt Lake City.
Oil Edges Back Over $50, But Doubts Remain on OPEC Cuts
Thu, 27 Oct 2016 11:41:00 GMT
Oil edged above $50 a barrel as a further drop in U.S. crude inventories countered investor doubts that OPEC will be able to implement a production cut.
Twitter Surprises With Earnings, But Announces Job Cuts
Thu, 27 Oct 2016 11:24:00 GMT
Twitter on Thursday reported quarterly earnings and revenue that topped analysts' expectations, but said it would cut 9 percent of its workforce.
Inside Trump's DC Hotel, a Global Marketplace
Thu, 27 Oct 2016 08:41:05 GMT
The new Trump International Hotel in Washington, D.C. includes luxury goods from around the world.
Galaxy Note 7 Disaster Knocks Billions Off Samsung's Profits
Thu, 27 Oct 2016 02:34:00 GMT
The recall, the biggest in Samsung's history, drove a company-wide 30 percent collapse in operating profit compared with the third quarter last year.
Wall Street Loves Tesla, But Consumers Find It Unreliable
Wed, 26 Oct 2016 20:55:00 GMT
Once rated literally off the scale with 103 out of 100 by Consumer Reports, the electric darling this year ranks almost dead last, coming in at 25th.
Your Partner is Literally Driving You Crazy: Road Safety Survey
Wed, 26 Oct 2016 18:23:00 GMT
Annoyed by the way your partner drives? Join the club. A new survey says 71 percent of people are peeved by their partner in the car.
Fit for Work? Now You Can Wear Yoga Pants in the Boardroom
Wed, 26 Oct 2016 17:04:00 GMT
Many people sneak in athleisure to their work wardrobe — and retailers have taken notice, creating pieces that go from conferences to kickboxing.
How $9 Billion Blood-Testing Startup Theranos Blew Up
Wed, 26 Oct 2016 16:45:00 GMT
It's one thing to 'break all the rules' and reinvent artisanal laundry delivery. It's another when you're handling people's blood.
Self-Driving Truck Delivers 50,000 Cans of Beer
Wed, 26 Oct 2016 12:08:00 GMT
The Uber-owned transportation company Otto marked a milestone Tuesday.
Why Can't You Work for a Rival Firm? Obama Mulls New Rules
Wed, 26 Oct 2016 11:28:00 GMT
The Obama administration wants to ban agreements prohibiting workers from moving to rivals, saying it would lead to a more competitive labor market.
Women Work 39 Days More Than Men Per Year
Wed, 26 Oct 2016 11:15:00 GMT
Women around the world work an average of 39 days per year more than men do, which breaks down to a full 50 minutes more per day.
Mystery Illness Sickens All 25 Crew Members on Jetliner
Wed, 26 Oct 2016 08:37:16 GMT
British Airways Flight 286 left San Francisco Monday night headed for London — until the plane made an emergency stop in Vancouver.
11 Leading Out Executives Around the World
Tue, 25 Oct 2016 19:53:00 GMT
From real estate to media, out professionals are excelling across all industries. Check out the 11 business leaders who topped a new global list of LGBTQ executives.
What Does A Rise in Obamacare Premiums Mean?
Tue, 25 Oct 2016 18:40:00 GMT
Delighted Republicans celebrated news that Obamacare premiums are going up by more than 20 percent on average. But the price hikes affect only a few.
MSNBC Business News
BBC Business News
Apple adds Touch Bar to MacBook Pro laptops
Thu, 27 Oct 2016 18:06:45 GMT
Apple refreshes its high-end laptops adding an interactive thin display above its keyboard.
UPS orders Boeing 747s in $5.3bn deal
Thu, 27 Oct 2016 18:44:31 GMT
Courier firm UPS orders 14 Boeing 747s in a deal that could breathe new life into an aircraft Boeing has said it may cancel.
Amazon profit misses estimates and its outlook disappoints
Thu, 27 Oct 2016 21:35:46 GMT
Web giant Amazon has reported a lower-than-expected quarterly profit as expenses rose, causing shares to tumble in after-hours trading.
'Pre-reg' cars now widespread in UK
Thu, 27 Oct 2016 23:58:28 GMT
Up to a fifth of new cars in the UK are not sold direct to consumers, or used as fleet, but are instead pre-registered to dealers, a BBC investigation finds.
Uber employment tribunal: Ruling due in London
Thu, 27 Oct 2016 23:05:02 GMT
Uber drivers in London will learn later whether they are entitled to basic employment rights.
China's main search engine Baidu sees first ever revenue drop
Fri, 28 Oct 2016 00:19:42 GMT
China's leading search engine Baidu reports its first-ever decline in quarterly revenue in the wake of tighter advertising regulations.
UK economy grows 0.5% in three months after Brexit vote
Thu, 27 Oct 2016 14:15:50 GMT
The UK economy grew by a better-than-expected 0.5% in the three months following the Brexit vote.
Night-time alerts 'target impulse buys'
Thu, 27 Oct 2016 12:41:27 GMT
Emails from retailers leave people with mental health problems open to financially-crippling impulse buys, a report says.
Mobile and Youtube boost Google parent Alphabet profits
Thu, 27 Oct 2016 22:14:27 GMT
Google parent Alphabet has reported a 20.2 % rise in quarterly revenue, helped by sales of advertising on mobile devices and YouTube.
Nissan to build new models in Sunderland
Thu, 27 Oct 2016 19:31:11 GMT
Nissan says it will build two new models at its Sunderland plant after government "support and assurances".
Twitter axes Vine video service
Thu, 27 Oct 2016 19:38:03 GMT
Social network Twitter announces it will close its video sharing service Vine.
Tata hits back at Cyrus Mistry claims
Thu, 27 Oct 2016 13:20:05 GMT
Tata has hit back at its former chairman, Cyrus Mistry, claiming he made "malicious allegations".
Twitter to cut jobs as revenue growth slows
Thu, 27 Oct 2016 16:32:58 GMT
Twitter plans to cut 9% of its workforce after reporting a sharp slowdown in revenue growth.
Co-operative Energy pays £1.8m to compensate customers
Thu, 27 Oct 2016 11:39:24 GMT
One of the UK's smaller energy suppliers, Co-operative Energy, pays £1.8m to its customers after bills were delayed and online accounts were blocked.
Extend maternity pay and free childcare says business group CBI
Thu, 27 Oct 2016 11:57:29 GMT
The business lobby group the CBI calls to extend free childcare and maternity pay in Autumn Statement.
EU-Canada trade deal: Belgians break Ceta deadlock
Thu, 27 Oct 2016 20:25:32 GMT
Belgium's regions back the deadlocked EU-Canada trade deal after agreeing on additional clauses.
Drivers 'face rising insurance bills'
Thu, 27 Oct 2016 00:06:21 GMT
Motorists are facing higher car insurance premiums than a year ago, a report from the AA suggests.
Deutsche Bank reports profit despite 'tough' environment
Thu, 27 Oct 2016 08:31:09 GMT
Embattled Deutsche Bank reports a surprise profit for the third quarter of the year.
Barclays sets aside another £600m for PPI claims
Thu, 27 Oct 2016 08:17:05 GMT
Barclays sets aside an extra £600m to meet PPI claims as it reports a rise in quarterly profits.
Barclays shares lift FTSE 100 index
Thu, 27 Oct 2016 16:08:47 GMT
Barclays shares lift the FTSE 100 index after the bank reports a rise in profit.
BBC Business News
Yahoo Business News
Amazon forecast for holiday season disappoints as investment rises
Thu, 27 Oct 2016 20:16:05 -0400's logo is seen at Amazon Japan's office building in TokyoAmazon is racing to ship packages as quickly as possible by building out its own delivery system. It is making heavy U.S. investments as well as pouring funds into foreign markets, and it also is building out its home electronics and video businesses, aiming to make it difficult for customers to leave. "Investments are going to be lumpy," Chief Financial Officer Brian Olsavsky said on an analyst call.

Stocks dip as earnings pour in, consumer discretionary lags
Thu, 27 Oct 2016 16:33:44 -0400
Traders work on the floor of the NYSEU.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rate sensitive stocks outweighed gains in healthcare names. The S&P 500 healthcare index rose 0.53 percent to help keep the S&P 500 near the unchanged mark, buoyed by strong results and forecasts from Bristol-Myers , up 5.4 percent and Celgene , up 6.4 percent. The two drugmakers were the top boosts to the S&P 500.

Google parent Alphabet profit surges on mobile, video ads
Thu, 27 Oct 2016 20:05:29 -0400
A Google search page is seen through a magnifying glass in this file photo illustration taken in BerlinGoogle parent Alphabet Inc bested analysts' estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next wave of computing. Propelled by strong advertising on mobile devices and video site YouTube, Alphabet's net income climbed 27 percent to $5.06 billion. Google is competing fiercely with social network Facebook Inc for dominance in the fast-growing mobile advertising market.

Apple adds touch screen keys to MacBook Pro, price jump startles some
Thu, 27 Oct 2016 15:50:55 -0400
Apple CEO Tim Cook speaks under a graphic of the new MacBook Pro during an Apple media event in CupertinoBy Deborah M. Todd CUPERTINO, Calif. (Reuters) - Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and raising prices by several hundred dollars. The first redesign in several years is a sign Apple still sees a role for the product that launched the company, even though its iPhone has become the flagship product. Ben Bajarin, an analyst at Creative Strategies, described the changes as "important incremental upgrades" which would convince people with old Macs to trade up to the smaller, faster model.

Qualcomm to buy NXP for $38 billion in biggest chip deal
Thu, 27 Oct 2016 14:28:52 -0400
A Qualcomm building in San Diego CaliforniaThe acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc , reduce its dependence on a cooling smartphone market. With the deal, Qualcomm is taking a big bet on the so-called Internet of Things (IoT), which enables everyday objects such as fridges and cars to communicate with each other. "The pace of innovation in automobile and IoT will increase dramatically and I think we look at it as a tremendous opportunity," Qualcomm Chief Executive Steven Mollenkopf said on a conference call.

Exclusive: Chipotle builds team to defend against activist investor Ackman - sources
Thu, 27 Oct 2016 20:13:46 -0400
A Chipotle Mexican Grill is seen the day before it announces its first quarter results, in Los AngelesBOSTON/LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc has turned to high-profile investment bankers and lawyers to help defend against activist investor William Ackman, according to two people familiar with the matter on Thursday. Investment banks Goldman Sachs Group Inc and Morgan Stanley , as well as law firm Wachtell, Lipton, Rosen & Katz LLP, are now working for the U.S. restaurant chain, the people said. Chipotle has also hired crisis public relations firm Joele Frank, they added.

GE in discussion with Baker Hughes on potential partnerships
Thu, 27 Oct 2016 20:13:14 -0400
The logo of Down Jones Industrial Average stock market index listed company General ElectricBaker Hughes shares, which had jumped nearly 14 percent in extended trading after the Wall Street Journal had reported that General Electric was in talks to buy the company, pared some gains and were up about 7 percent. The Journal had reported that GE has approached Baker Hughes about a takeover. Baker Hughes, which has a market capitalization of $23.1 billion, declined to comment.

U.S. eyes long prison term for Wall Street scion's fraud
Thu, 27 Oct 2016 19:21:54 -0400
Andrew Caspersen departs after a hearing at the U.S. Federal Court in New YorkU.S. prosecutors on Thursday said Andrew Caspersen, the scion of a wealthy Wall Street family, should spend as long as 15-2/3 years in prison after he pleaded guilty to defrauding friends, family and a charity out of more than $38 million. In papers filed with the federal court in Manhattan, prosecutors said Caspersen, 40, who had worked at a unit of investment banker Paul Taubman's PJT Partners Inc, abused the trust of his victims through his "long-running, significant and elaborate" fraud. Prosecutors said the son of late Wall Street financier Finn M.W. Caspersen ran a Ponzi-like scheme from November 2014 to March 2016 to defraud more than one dozen investors, claiming he would use their funds to make loans to private equity firms.

Twitter cuts jobs with eye on 2017 profit; Vine discontinued
Thu, 27 Oct 2016 12:50:51 -0400
The Twitter logo is displayed on a screen on the floor of the NYSEMore than 300 Twitter employees will be affected by the layoffs as part of a broader restructuring, a figure similar to an earlier round of reductions announced a year ago. Separately, the company announced it would discontinue Vine, a video app launched in 2013 that played brief clips on a repeat loop that struggled to compete with Facebook's Instagram. Twitter, which has seen user growth stall amid competition from nimbler rivals such as Instagram and Snapchat, said its user base ticked up 3 percent to 317 million average monthly active users in the quarter.

Ford, GM pitch new strategies; Wall Street snubs them
Thu, 27 Oct 2016 15:01:46 -0400
Ford logos are seen at the assembly line of the Ford car factory of SaarlouisFord Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the U.S. auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers. This week, Wall Street looked at the Detroit companies' stronger-than-expected quarterly results and turned thumbs down. GM, the largest U.S. automaker, reported record third-quarter net income on Tuesday, but its shares have fallen nearly 5 percent since then.

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