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Home2018October

Month: October 2018

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Business News

Toyota, SoftBank to partner in self-driving and other technology: source

October 4, 2018 admin Comments Off on Toyota, SoftBank to partner in self-driving and other technology: source

Toyota Motor Corp and SoftBank Group Corp will announce a partnership on automated driving and other technology on Thursday, a source with knowledge of the matter told Reuters.

…read more […]

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Business News

Vedanta gets interim relief as Indian court stays state’s land allotment cancellation

October 4, 2018 admin Comments Off on Vedanta gets interim relief as Indian court stays state’s land allotment cancellation

An Indian court on Wednesday ordered an interim stay on the cancellation of land allotted for expansion of Vedanta’s south Indian copper smelter, in a relief to the conglomerate whose unit was shut on environmental grounds.

…read more […]

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Business News

Facebook, responding to lawsuit, says sex trafficking banned on site

October 4, 2018 admin Comments Off on Facebook, responding to lawsuit, says sex trafficking banned on site

Facebook said on Wednesday in response to a lawsuit accusing it of not doing enough to protect users from human traffickers that it works internally and externally to thwart such predators.

…read more […]

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Business News

Toyota, softbank to announce partnership in self-driving, other technologies: source

October 4, 2018 admin Comments Off on Toyota, softbank to announce partnership in self-driving, other technologies: source

Toyota Motor Corp and SoftBank Group Corp will announce partnerships on automated driving and other technologies on Thursday, a source with knowledge of the issue told Reuters.

…read more […]

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Business News

Oil falls as Saudi and Russia quietly agree output rise, U.S. stocks swell

October 4, 2018 admin Comments Off on Oil falls as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.

…read more […]

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Dollar scales 11-month peak on yen as U.S. yields surge

October 4, 2018 admin Comments Off on Dollar scales 11-month peak on yen as U.S. yields surge

The dollar climbed an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Japanese stocks attempted to re-claim a 27-year peak.

…read more […]

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U.S. judge says China’s ZTE violated probation; extends monitor’s term

October 4, 2018 admin Comments Off on U.S. judge says China’s ZTE violated probation; extends monitor’s term

A U.S. judge on Wednesday issued an order finding that China’s ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty for conspiring to evade U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

…read more […]

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Business News

Toyota, SoftBank to hold news conference in Tokyo

October 4, 2018 admin Comments Off on Toyota, SoftBank to hold news conference in Tokyo

Toyota Motor Corp and SoftBank Group Corp on Thursday said they would hold a joint news conference at 0430 GMT in Tokyo.

…read more […]

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Barnes & Noble opts for strategic review after takeover interest

October 4, 2018 admin Comments Off on Barnes & Noble opts for strategic review after takeover interest

Barnes & Noble Inc said on Wednesday it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest to buy the bookseller, sending its shares up as much as 24 percent in extended trading.

…read more […]

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U.S. judge says China’s ZTE violates probation; extends monitor’s term

October 4, 2018 admin Comments Off on U.S. judge says China’s ZTE violates probation; extends monitor’s term

A U.S. federal judge in Texas on Wednesday issued an order finding that China’s ZTE Corp violated probation imposed when the telecommunications company pleaded guilty in 2017 to illegally shipping goods to Iran despite U.S. sanctions.

…read more […]

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Business News

Barnes & Noble gets takeover interest, moves to thwart hostile bids

October 3, 2018 admin Comments Off on Barnes & Noble gets takeover interest, moves to thwart hostile bids

Barnes & Noble Inc said on Wednesday it is exploring strategic options after several parties, including its chairman Leonard Riggio, expressed interest to buy the bookseller, but it also adopted a plan to thwart any hostile takeover.

…read more […]

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Business News

Race bias lawsuit against Morgan Stanley sent to private arbitration

October 3, 2018 admin Comments Off on Race bias lawsuit against Morgan Stanley sent to private arbitration

A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a New York federal judge ruled Wednesday.

…read more […]

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CBS executive placed on leave after accusations of sexual language

October 3, 2018 admin Comments Off on CBS executive placed on leave after accusations of sexual language

CBS Corp has placed television executive Vincent Favale on leave after earlier allegations of using sexual and homophobic language resurfaced, the company said on Wednesday.

…read more […]

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Business News

Dollar hits six-week highs on hawkish Fed

October 3, 2018 admin Comments Off on Dollar hits six-week highs on hawkish Fed

The U.S. dollar rose to its highest in six weeks on Wednesday as Federal Reserve Chairman Jerome Powell said the U.S. economy is “remarkably positive” and spoke of the need to continue raising interest rates.

…read more […]

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Business News

Global stocks firm, U.S. Treasury yields soar, oil at four-year high

October 3, 2018 admin Comments Off on Global stocks firm, U.S. Treasury yields soar, oil at four-year high

Stock markets around the world were up slightly on Wednesday amid signs that Italy would cut its budget deficits in coming years, but U.S. Treasuries yields hit multi-year highs after strong U.S. jobs data, while oil prices saw 4-year highs ahead of U.S. sanctions on Iran exports.

…read more […]

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