Posts Tagged ‘Business’

Porsche Drops Diesel Engines in Wake of Emissions Scandal

Sunday, September 23rd, 2018

German luxury car maker Porsche will no longer offer diesel versions of its cars, the Volkswagen unit said, becoming the first German auto maker to drop the engines in the wake of the emissions-cheating scandal.

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Used-Car Sales Boom as New Cars Get Too Pricey for Many

Sunday, September 23rd, 2018

Rising new-car prices are pushing more buyers to the used-car lot, where they are finding a growing selection of low-mileage vehicles that are only a few years old.

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Companies Buy Earnings Gains by Buying Back Stock

Sunday, September 23rd, 2018

Companies’ record stock repurchases this year are causing profits to appear stronger and fueling the stock market’s record run.

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Sky Loss Is a Disappointment for Disney Ambitions

Saturday, September 22nd, 2018

Walt Disney didn’t win Sky as part of its acquisition of 21st Century Fox assets, but the end to the unusual bidding war leaves rival Comcast paying a sum that will benefit Disney as a minority owner of the British pay-TV operator.

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FAA Bill Leaves Out Change Fee Oversight

Saturday, September 22nd, 2018

Congressional lawmakers have left a proposal to regulate airline “change fees” out of a bill authorizing the Federal Aviation Administration’s operations.

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Comcast Beats Out Fox to Acquire Sky

Saturday, September 22nd, 2018

Comcast topped 21st Century Fox in a weekend auction for Sky, winning the British broadcaster with a $38.8 billion bid that ends a monthslong takeover battle and promises Comcast a greatly expanded international footprint.

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Airbnb Proposes Giving Hosts Company Equity

Friday, September 21st, 2018

Airbnb has asked the SEC to change rules to potentially allow the home-sharing platform to offer hosts a stake in the company.

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Neiman Marcus Bondholder Criticizes Transfer of MyTheresa

Friday, September 21st, 2018

A Neiman Marcus bondholder said the luxury retailer is in default on its debt after transferring online business MyTheresa to its parent company, further from the reach of creditors.

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FreshDirect Delivers Apologies as Grocery Shipments Stumble

Friday, September 21st, 2018

The online grocer says it’s still addressing stockouts and botched deliveries since its move into a new New York distribution center.

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Circle of Life: Elton John Stays With Music Label

Friday, September 21st, 2018

Elton John re-signed a deal to stay with the world’s largest music company, Universal Music Group, in a sign there is still a place for music labels in the streaming age.

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China’s Giant Market for Really Tiny Cars

Friday, September 21st, 2018

The taste for tiny electric vehicles has become a quirky subplot in China’s clean-energy ambitions, with sales more than twice that of regular electric cars.

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Art World’s Biggest Star Sells Paintings for $3 Million. Can She Hold On?

Friday, September 21st, 2018

Seven years ago, Njideka Akunyili Crosby’s paintings were selling for $3,000. Now they go for millions. Her next challenge is to avoid the quick rise and fall other young artists have suffered in a contemporary art market that churns through its favorites.

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Trade Tensions Spell Trouble for Eurozone Economy

Friday, September 21st, 2018

The eurozone’s economy continued its slow-motion slowdown in September, as exports suffered from a drop off in global demand and uncertainty about future trade relations between the U.S. and other countries.

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Drugmakers’ Free Services Trigger Anti-Kickback Probe

Friday, September 21st, 2018

Federal prosecutors are probing whether big drugmakers including Sanofi, Gilead Sciences and Biogen potentially violated laws by providing free services to doctors and patients.

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Catfish Gets Tangled in a Small-Fry Trade War

Friday, September 21st, 2018

In the standoff between American catfish and a Vietnamese cousin, a new food inspection program has tangled everyone in red tape, showing how measures intended to help U.S. businesses can backfire.

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Game Theory Part of the Art of the Sky Deal

Friday, September 21st, 2018

The same type of blind auction used to pick players in fantasy football leagues could decide the fate of Sky, a media company that employs 30,000 people and has a stock-market value of $36 billion.

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Delta Seeks Jet-Fuel Refinery Partner

Friday, September 21st, 2018

Delta Air Lines is looking for a partner to share the burden of its six-year experiment in running a jet-fuel refinery.

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Amazon Is a Giant. But Bigness Isn’t a Crime.

Friday, September 21st, 2018

The company’s scale worries critics, but antitrust law punishes conduct, not size.

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Turkey’s Economic Woes Raise Tensions in Egypt

Friday, September 21st, 2018

Turkey’s economic crisis has heightened concerns in Egypt about whether the Arab world’s largest country is positioned to withstand falling confidence in emerging markets world-wide.

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Medtronic to Buy Mazor Robotics for $1.6 Billion

Friday, September 21st, 2018

Medtronic has reached a deal to acquire medical device maker Mazor Robotics, as the company looks to strengthen its technology for robotic-assisted spine surgeries.

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Former MiMedx Executives to Lose Compensation

Thursday, September 20th, 2018

MiMedx has determined that four former executives engaged in conduct detrimental to the business and should forfeit compensation in connection with their exits, now seen as “for cause” terminations.

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Disney Reanimates Portions of Upcoming Film After Backlash

Thursday, September 20th, 2018

Walt Disney Co. has decided to reanimate scenes showing its only black princess in the coming “Wreck-It Ralph” sequel after facing criticism that the company had lightened her skin tone and narrowed her nose.

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AT&T Attacks DOJ Appeal in Time Warner Case

Thursday, September 20th, 2018

AT&T defended a court ruling that allowed it to buy Time Warner, arguing that both the law and current industry realities showed the acquisition wouldn’t harm competition.

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U.S. Household Net Worth Neared $107 Trillion in Second Quarter

Thursday, September 20th, 2018

The total net worth of U.S. households rose to nearly $107 trillion during the second quarter of 2018, as higher property and stock prices boosted Americans’ wealth.

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GE Finds Flaw in Power-Plant Turbines

Thursday, September 20th, 2018

General Electric discovered a flaw in its newest power-plant turbines after a key part failed earlier this month, forcing utility Exelon to shut down two Texas plants while GE makes repairs.

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Minneapolis Prosecutors to Review Rape Allegation Against JD.com Founder

Thursday, September 20th, 2018

The Minneapolis Police Department has completed its initial investigation into a rape allegation against Chinese billionaire Liu Qiangdong, and prosecutors are now expected to decide whether to bring charges.

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Eventbrite Surges in Market Debut

Thursday, September 20th, 2018

Shares in the ticketing and event-services company jumped sharply in their market debut on the New York Stock Exchange Thursday.

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Thor Industries Slides Amid Weaker Profit, Cloudy Forecast

Thursday, September 20th, 2018

Thor Industries shares slid 7% in premarket trading after reporting weaker sales and profits in the most recent quarter after it cut production and took other actions to balance dealer inventory levels

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Activision’s Duty to Challenge ‘Fortnite’

Thursday, September 20th, 2018

Activision Blizzard needs to keep latest iteration of its key franchise—”Call Of Duty: Black Ops 4”—on top, and its solid challenge to the combat-survival game “Fortnite” may help it succeed.

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Amazon Investment Could Lead to Large Stake in India Retail Chain

Thursday, September 20th, 2018

Amazon.com has joined forces with a private-equity firm in India that is acquiring one of the largest retail chains in the South Asian nation.

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