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Business News

Facebook’s Instagram is down for some users

January 29, 2019 admin Comments Off on Facebook’s Instagram is down for some users

Facebook Inc’s photo-sharing social network Instagram on Monday said its network was down for some users.

…read more […]

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Business News

U.S. charges China’s Huawei with conspiring to violate Iran sanctions

January 29, 2019 admin Comments Off on U.S. charges China’s Huawei with conspiring to violate Iran sanctions

The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing.

…read more […]

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Apple to patch privacy bug in video calling feature

January 29, 2019 admin Comments Off on Apple to patch privacy bug in video calling feature

Apple Inc said on Monday it will issue a software patch later this week for a bug that lets iPhone users hear audio from users who have not yet accepted a video call.

…read more […]

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Business News

Facebook’s Instagram down for some users

January 29, 2019 admin Comments Off on Facebook’s Instagram down for some users

Facebook Inc’s photo-sharing social network Instagram is down for some users, according to DownDetector.com, a website which monitors outages.

…read more […]

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Business News

Asia shares slip as China’s Huawei in legal hot water; focus on Sino-U.S. talks

January 29, 2019 admin Comments Off on Asia shares slip as China’s Huawei in legal hot water; focus on Sino-U.S. talks

Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-U.S. trade deal was dealt a blow after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.

…read more […]

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Business News

U.S. charges China’s Huawei with bank fraud, stealing trade secrets

January 29, 2019 admin Comments Off on U.S. charges China’s Huawei with bank fraud, stealing trade secrets

The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing.

…read more […]

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Business News

Mitsubishi Aircraft accuses Bombardier of trying to limit competition for regional jets

January 29, 2019 admin Comments Off on Mitsubishi Aircraft accuses Bombardier of trying to limit competition for regional jets

Mitsubishi Aircraft Corp on Monday accused Bombardier Inc of using “anticompetitive conduct” to limit competition for planes with under 100 seats, as the Japanese company works to bring its long-delayed regional jet to market.

…read more […]

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Business News

Mitsubishi accuses Bombardier of trying to limit competition for regional jets

January 29, 2019 admin Comments Off on Mitsubishi accuses Bombardier of trying to limit competition for regional jets

Mitsubishi Aircraft Corp on Monday accused Bombardier Inc of using “anticompetitive conduct” to limit competition for planes with under 100 seats, as the Japanese company works to bring its long-delayed regional jet to market.

…read more […]

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Business News

Vale stock plunges after Brazil disaster; $19 billion in market value lost

January 29, 2019 admin Comments Off on Vale stock plunges after Brazil disaster; $19 billion in market value lost

Brazilian miner Vale SA’s shares plunged on Monday, wiping out 71.34 billion reais ($18.96 billion) in market value, after a tailing dam collapse on Friday killed scores of people at one of its mines, less than four years after a similar disaster.

…read more […]

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Whirlpool says costs, strong dollar to hit 2019 profit, shares fall

January 29, 2019 admin Comments Off on Whirlpool says costs, strong dollar to hit 2019 profit, shares fall

U.S. home appliances maker Whirlpool Corp said on Monday its 2019 adjusted profit and revenue are likely to rise less than analysts’ expectations due to a higher tax bill, costs and a strong dollar, sending its shares down 6.5 percent after the bell.

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Business News

Intel to invest $11 billion on new Israeli chip plant: Israel finance minister

January 29, 2019 admin Comments Off on Intel to invest $11 billion on new Israeli chip plant: Israel finance minister

Intel Corp will invest 40 billion shekels ($10.9 billion) on a new chip-making factory in Israel, the Israeli finance minister said on Monday, the latest multi-billion dollar investment in the country by the U.S. semiconductor giant.

…read more […]

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Business News

AT&T to cut jobs in weaker business units

January 29, 2019 admin Comments Off on AT&T to cut jobs in weaker business units

AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday.

…read more […]

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Business News

House panels to hold joint hearing on Sprint, T-Mobile merger

January 29, 2019 admin Comments Off on House panels to hold joint hearing on Sprint, T-Mobile merger

Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp’s proposed $26 billion merger and its potential impact on consumers.

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U.S. FTC approves Staples’ acquisition of Essendant with conditions

January 29, 2019 admin Comments Off on U.S. FTC approves Staples’ acquisition of Essendant with conditions

The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc.

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Business News

Citi sees stronger China wealthy client base in 2019 despite economy slowing

January 29, 2019 admin Comments Off on Citi sees stronger China wealthy client base in 2019 despite economy slowing

Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank’s country chief said, despite the world’s second-largest economy slowing and feeling the pain of a trade war.

…read more […]

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