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Home2019June

Month: June 2019

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Business News

Samsung Electronics says adjusts production volume at China mobile phone plant

June 5, 2019 admin Comments Off on Samsung Electronics says adjusts production volume at China mobile phone plant

Samsung Electronics said on Wednesday it was adjusting the volume of mobile phone production at its plant in the Chinese city of Huizhou due to intensifying competition in the country.

…read more […]

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Business News

Asian shares catch Wall Street’s Fed cheer; dollar remains weak

June 5, 2019 admin Comments Off on Asian shares catch Wall Street’s Fed cheer; dollar remains weak

Asian shares tracked the Wall Street rally on Wednesday after U.S. central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower.

…read more […]

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Business News

Apple forces developers to place its login button above Google, Facebook

June 5, 2019 admin Comments Off on Apple forces developers to place its login button above Google, Facebook

Apple Inc will require developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to developer guidelines released this week.

…read more […]

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Business News

American Airlines top executives buy company shares worth $2.4 million

June 5, 2019 admin Comments Off on American Airlines top executives buy company shares worth $2.4 million

American Airlines Group Inc’s top six executives on Tuesday bought 85,000 shares of the company’s common stock on the open market for about $2.4 million, at a time when the share price has significantly underperformed the U.S. transport sector.

…read more […]

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Business News

Apple CEO Cook says he doesn’t see China targeting Apple in U.S.-China trade dispute

June 5, 2019 admin Comments Off on Apple CEO Cook says he doesn’t see China targeting Apple in U.S.-China trade dispute

Apple Inc Chief Executive Officer Tim Cook said China has not targeted the company as a result of the U.S.-China trade dispute and he does not anticipate it will.

…read more […]

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Business News

GameStop halts dividend as console sales slow; shares fall 26%

June 5, 2019 admin Comments Off on GameStop halts dividend as console sales slow; shares fall 26%

GameStop Corp shares plunged 26% on Tuesday after the video games retailer halted its quarterly dividend and reported a 13.3% fall in first-quarter revenue that missed analysts’ estimates on the back of slowing sales of video games and consoles at its stores.

…read more […]

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Business News

U.S. denies GM tariff relief request for China-made Buick SUV

June 5, 2019 admin Comments Off on U.S. denies GM tariff relief request for China-made Buick SUV

The Trump administration has denied a General Motors Co request for an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility vehicle.

…read more […]

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Business News

In Vietnam beer war, Heineken and Sabeco seek to take each other’s turf

June 5, 2019 admin Comments Off on In Vietnam beer war, Heineken and Sabeco seek to take each other’s turf

In Vietnam, one of the world’s largest and fastest-growing beer markets, new battle lines are being drawn as Heineken NV and local industry leader Sabeco hone their product offerings and build up marketing muscle.

…read more […]

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Business News

Spelling errors, video show Huawei rival stole trade secrets, U.S. jury hears

June 5, 2019 admin Comments Off on Spelling errors, video show Huawei rival stole trade secrets, U.S. jury hears

A former engineering manager used Huawei Technologies Co Ltd trade secrets and lured away 24 of its employees to improperly build his startup company, a lawyer for the Chinese telecommunications firm told a Texas jury on Tuesday.

…read more […]

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Business News

U.S. denies GM request for tariff relief for Chinese-made Buick SUV

June 5, 2019 admin Comments Off on U.S. denies GM request for tariff relief for Chinese-made Buick SUV

The Trump administration has denied a General Motors Co request for an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility vehicle.

…read more […]

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Business News

Exclusive: Promising thousands of U.S. jobs, Foxconn offshored 155 to Mexico

June 5, 2019 admin Comments Off on Exclusive: Promising thousands of U.S. jobs, Foxconn offshored 155 to Mexico

Foxconn has offshored more than 150 U.S. jobs to Mexico, according to the Labor Department, even as it struggles to meet job-creation targets promised as part of a massive new factory championed by President Donald Trump.

…read more […]

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Business News

Salesforce forecasts full-year results above expectations, shares rise

June 5, 2019 admin Comments Off on Salesforce forecasts full-year results above expectations, shares rise

Salesforce.com Inc beat analysts’ estimates for quarterly revenue and profit on Tuesday and forecast full-year results above expectations, as customers looking to rein in costs boosted demand for its Sales Cloud product.

…read more […]

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Business News

Trump says British royal Meghan was ‘nasty’ to him in new interview

June 4, 2019 admin Comments Off on Trump says British royal Meghan was ‘nasty’ to him in new interview

Donald Trump thinks that Meghan, wife of the British royal Harry, is “very nice” even if she has been “nasty” to him, the U.S. president said in pre-released extracts of a broadcast interview.

…read more […]

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Business News

Trump defies own party to push ahead with Mexican tariff threat

June 4, 2019 admin Comments Off on Trump defies own party to push ahead with Mexican tariff threat

Defying increasing criticism from within his own party, U.S. President Donald Trump said on Tuesday he would likely go ahead with new tariffs on imports from Mexico to pressure it to clamp down on rising numbers of migrants entering the United States.

…read more […]

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Business News

San Francisco city hires adviser to explore potential acquisition of PG&E assets

June 4, 2019 admin Comments Off on San Francisco city hires adviser to explore potential acquisition of PG&E assets

The San Francisco Public Utilities Commission said on Tuesday it has hired an adviser to explore the potential acquisition of PG&E Corp’s distribution assets, sending shares of the power company up 2.6% at $18.37.

…read more […]

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