WASHINGTON (Reuters) – Business is coming in so fast and workers are in such high demand at AOW Associates Inc, an Albany, New York-based construction firm, that its chief financial officer hired a guy six weeks ago for a job that didn’t exist.
The presidential news conference, a time-honored tradition going back generations, appears to be no longer. More than a year has passed since President Donald Trump held the only solo news conference of his administration — a rollicking, hastily arranged, 77-minute free-for-all during which he railed against the media, defended his fired national security adviser and insisted nobody who advised his campaign had had contacts with Russia. Instead, the president engages the press in more informal settings that aides say offer reporters far more access, more often, than past administrations. …read more […]
LOS ANGELES (Reuters) – Cheap fast-food “dollar” deals surged in the United States during the first quarter, marking a major shift in strategy as a cool-down in consumer spending sent restaurant chains scrambling for customers.
Saudi Aramco has added Lynn Laverty Elsenhans, the former chairwoman, president and CEO of U.S. oil refiner Sunoco, to the board. …read more […]
The reason for the change: There was some confusion between a previous iteration of Microsoft Ventures and the current one. Microsoft sought a new name to make a clean break between old and new. From this day forth, Microsoft Ventures — the two-year-old venture capital arm of the $710 billion tech titan — will be known by the much shorter name of M12. …read more […]
SYDNEY (Reuters) – Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at the firm.
SYDNEY (Reuters) – Asian shares extended gains on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute.
When the first everyday Tesla Model 3 buyers received their electric cars, the …read more […]
Apr.29 — Bloomberg’s Prudence Ho reports on HNA’s borrowing cost surging to a record. She speaks on “Bloomberg Markets.” …read more […]
(Reuters) – China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP [TPG.UL] and Carlyle Group LP, as it seeks funding to take on established fintech firms in China.
The investment will give Baidu the heft it needs to narrow the lead that rivals Alibaba Group Holding Ltd and Tencent Holdings Ltd have taken in financial services, and help Baidu’s push to seek revenue streams outside its core internet search business. The deal comes at a time when China’s government is tightening regulations on the loans market to rein in shadow banking and push banks to cut bad debt. …read more […]
Elon Musk keeps biting off more than he can chew at Tesla. Investors should be looking for some sign that his ambitions are becoming more realistic and practical. …read more […]
Apr.29 — The Heritage Foundation’s Peter Brookes weighs in on the improving relations between South and North Korea. He speaks on “Bloomberg Markets.” …read more […]
Facebook is clearly the company most affected by the Cambridge Analytica data …read more […]
SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future.
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