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Perry Says Trump Asked Him to Call Giuliani: Impeachment Update

(Bloomberg) — Michael McKinley, a senior adviser to Secretary of State Michael Pompeo until resigning the post last week, testified Wednesday before three committees leading the House impeachment investigation against President Donald Trump.Here are the latest developments:Perry Says Trump Asked Him to Contact Giuliani (9:20 p.m.)Energy Secretary Rick Perry said that Trump asked him to contact Rudy Giuliani to discuss corruption in Ukraine, according to a report published Wednesday night.Perry told the Wall Street Journal that he reached out to Giuliani, Trump’s personal lawyer and the former mayor of New York, to help arrange a meeting with Ukraine’s top energy …read more […]

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Global shares lose steam on weak U.S. retail sales, Brexit in focus

Global stocks barely moved on Thursday as soft U.S. retail sales data raised concerns about the health of the world’s largest economy and risk of global recession, while sterling was volatile as negotiations on a Brexit deal continued. Both MSCI’s broadest index of Asia-Pacific shares outside Japan and Japan’s Nikkei were little changed in early trade while U.S. stock futures lost 0.15%. The S&P 500 shed 0.20% the previous day after data showed U.S. retail sales contracted in September for the first time in seven months, in a potential sign that manufacturing-led weakness could …read more […]

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Semiconductor Advisors' Maire on TSMC, Samsung

Oct.16 — Robert Maire, president of consulting firm Semiconductor Advisors, talks about Taiwan Semiconductor Manufacturing Co., which is scheduled to report its results on Thursday, and Samsung Electronics Co. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.” …read more […]

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Business News

Drug firms offer to settle U.S. opioid suits with $50 billion package – sources

Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry helped fuel the U.S. opioid crisis, two sources familiar with the matter told Reuters on Wednesday.

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Delta Air Lines Sells a New Subscription That Indirectly Includes Overhead Bin Access

No full-service airline wants to come out and charge for overhead bin space. The optics would be horrible, with passengers complaining about how an airline took from them what was once free. But Delta Air Lines on Wednesday quietly came close to instituting a pay-for-space policy, even if the webpage touting the product said nothing […] …read more […]

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Apple Says 55% of IPhones From Past Four Years Run iOS 13

(Bloomberg) — Apple Inc. on Wednesday said that 55% of iPhones introduced in the past four years are running iOS 13, the latest version of the company’s mobile operating system.The company shared the data on its website for third-party developers. It also reported that that 50% of all iPhones are on iOS 13, while 33% of iPads are on iOS 13. Some older iPhones and iPads are no longer supported by the latest software.The four-year metric is important because that’s typically when people upgrade to new iPhones. Once people stop receiving new software updates, they’re more likely to buy a …read more […]

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Southeast Asia's mobile payments face shakeout as market booms

HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others. Between them, the stalls – selling everything from crab soup to Vietnamese Banh My sandwiches – accept payment from most of Vietnam’s 28 different e-wallets, which also allow users to make cash transfers through their mobile phones. The wallets, which hope to take advantage of Vietnam’s plan to become a cashless economy by 2027, …read more […]

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UPDATE 1-Kinder Morgan to have all Elba Island LNG units in service by mid-2020 -CEO

Kinder Morgan Inc expects to bring the remaining nine units of its liquefied natural gas (LNG) export facility at Elba Island into service by the first half of next year, Chief Executive Officer Steven Kean said on Wednesday. The first unit of Kinder Morgan’s Elba Island facility began producing LNG natural gas for export last month, and is one of several new U.S. projects adding to global supplies. The company expects to end 2019 with adjusted pre-tax earnings 3% below its budget, with the delays contributing to the variance, Chief Financial Officer David Michaels said. …read more […]