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Home2018December

Month: December 2018

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Business News

Deutsche Bank hit by new laundering report; shares slide again

December 6, 2018 admin Comments Off on Deutsche Bank hit by new laundering report; shares slide again

Deutsche Bank defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds for Danske Bank than previously thought.

…read more […]

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Business News

U.S. appeals court hears arguments on stopping AT&T purchase of Time-Warner

December 6, 2018 admin Comments Off on U.S. appeals court hears arguments on stopping AT&T purchase of Time-Warner

A three-judge appeals court panel on Thursday questioned the U.S. Justice Department’s challenge to a lower court approval’s of AT&T Inc’s $85.4 billion acquisition of Time Warner.

…read more […]

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Business News

Madison Square Garden Co chairman settles U.S. securities charges: FTC

December 6, 2018 admin Comments Off on Madison Square Garden Co chairman settles U.S. securities charges: FTC

U.S. regulators have charged the chairman of the Madison Square Garden Co , which owns the New York Knicks and New York Rangers sports teams, with securities violations, the Federal Trade Commission said in a statement on Thursday.

…read more […]

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Business News

Unilever Chief Marketing Officer Weed to retire

December 6, 2018 admin Comments Off on Unilever Chief Marketing Officer Weed to retire

The chief marketing officer of Unilever has decided to retire next year, handing incoming CEO Alan Jope his first big hiring decision.

…read more […]

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Business News

U.S. securities regulator should demand more voting disclosure from fund managers: official

December 6, 2018 admin Comments Off on U.S. securities regulator should demand more voting disclosure from fund managers: official

The U.S. securities regulator should consider imposing stricter disclosure requirements on institutional fund managers relating to how they vote in corporate elections, a Securities and Exchange Commission (SEC) official said on Thursday.

…read more […]

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Business News

Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer

December 6, 2018 admin Comments Off on Sears Chairman Lampert makes $4.6 billion bid for bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert’s ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good.

…read more […]

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Business News

Shares spiral on arrest of China executive; oil sinks as output decision delayed

December 6, 2018 admin Comments Off on Shares spiral on arrest of China executive; oil sinks as output decision delayed

Stock markets around world tumbled on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank on fears of smaller-than-expected output cuts.

…read more […]

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Business News

J&J unit to pay $360 million to U.S. to resolve charity kickback probe

December 6, 2018 admin Comments Off on J&J unit to pay $360 million to U.S. to resolve charity kickback probe

A unit of Johnson & Johnson will pay $360 million to resolve an investigation into its financial support of a charity that helped Medicare patients cover out-of-pocket drug costs, the U.S. Justice Department said on Thursday.

…read more […]

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Business News

Wall Street slides on global growth fears erases S&P’s 2018 gains

December 6, 2018 admin Comments Off on Wall Street slides on global growth fears erases S&P’s 2018 gains

The S&P 500 and the Dow Jones Industrial Average slipped back into losses for the year on Thursday as U.S. stocks slid on mounting worries of slowing global growth after a fresh twist in China-U.S. tensions as well as falling oil prices and U.S. bond yields.

…read more […]

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Business News

Wall Street extends slide, Dow plunges over 700 points

December 6, 2018 admin Comments Off on Wall Street extends slide, Dow plunges over 700 points

The S&P 500 and the Dow Jones Industrial Average slipped back into losses for the year on Thursday, as U.S. stocks extended slide on fresh worries over China-U.S. tensions, lower oil prices and tumbling U.S. bond yields.

…read more […]

CEO Interview

PeerLogix, Inc. (OTC: LOGX) Big Data Analytics for OTT Video Streaming

December 6, 2018 admin Comments Off on PeerLogix, Inc. (OTC: LOGX) Big Data Analytics for OTT Video Streaming

PeerLogix, Inc. (OTC: LOGX) CEO Interview with Ray Colwell, discussing the company’s technology which helps advertisers, and other players analyze video consumption on OTT (“Over The Top”) such as  Smart TV, desktop, and mobile devices […]

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Business News

Coca-Cola CEO Quincey to take on chairman role in April

December 6, 2018 admin Comments Off on Coca-Cola CEO Quincey to take on chairman role in April

Coca-Cola Co said on Wednesday Chief Executive Officer James Quincey would take on the additional role of chairman, succeeding Muhtar Kent who will retire in April next year.

…read more […]

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Business News

Ericsson software glitch hits mobile services in Britain and Japan

December 6, 2018 admin Comments Off on Ericsson software glitch hits mobile services in Britain and Japan

Ericsson said it was working with mobile companies in Britain and Japan to restore full service to millions of customers hit by outages caused by a software glitch in the Swedish company’s equipment.

…read more […]

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Business News

Ericsson says has identified software glitch causing mobile network outages

December 6, 2018 admin Comments Off on Ericsson says has identified software glitch causing mobile network outages

Mobile network equipment group Ericsson said on Thursday it had identified an issue in certain nodes in the core network resulting in network disturbances for some customers.

…read more […]

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Business News

Daimler confirms 2018 group EBIT outlook despite mobility deal delay

December 6, 2018 admin Comments Off on Daimler confirms 2018 group EBIT outlook despite mobility deal delay

Daimler said a proposed deal to combine its mobility services company with that of rival BMW will not close this year, forcing the carmaker to lower the outlook for its financial services division.

…read more […]

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