Business News
Vienna Airport woos low-cost carriers to secure growth
VIENNA (Reuters) – Vienna Airport is banking on budget carriers’ expansion into eastern European countries to secure its long-term growth, its co-chiefs said.
Month: May 2018
Business News
Starbucks shuts 8,000 stores for anti-bias training
(Reuters) – Starbucks Corp appealed to customers for forgiveness in a row over racial profiling on Tuesday, saying its behavior toward two black American customers last month had been reprehensible as it closed 8,000 stores for anti-bias training.
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Canadian government to buy Kinder Morgan’s Trans Mountain pipeline
The Canadian government said on Tuesday it will buy Kinder Morgan Canada Ltd’s (KML.TO) Trans Mountain pipeline project for C$4.5 billion (2.6 billion pounds) but does not intend to be the long-term owner of the project, which has faced fierce environmental opposition. Finance Minister Bill Morneau said that buying the existing pipeline and its planned expansion project, which will carry crude oil from landlocked Alberta to a port in the Vancouver area, is the only way to ensure the halted project gets built. The government will also offer federal loan guarantees to ensure construction continues through the 2018 …read more […]
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George Soros warns the European Union is on the brink of collapse — and Trump is partly to blame
The European Union is in the midst of an “existential crisis” and may cease to exist, billionaire investor George Soros said. President Donald Trump’s withdrawal from the Iran nuclear deal is partially to blame for the EU’s problems. …read more […]
Business News
Canadian government to buy Kinder Morgan’s Trans Mountain pipeline
OTTAWA (Reuters) – The Canadian government said on Tuesday it will buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline project for C$4.5 billion ($3.5 billion) but does not intend to be the long-term owner of the project, which has faced fierce environmental opposition.
Business News
Wall Street slips at open as Italy’s political turmoil weighs
(Reuters) – U.S. stocks opened sharply lower on Tuesday as investors switched cash into perceived safe havens of global financial markets due to a deepening political crisis in Italy.
Business News
Wall Street set to open lower on concerns over Italy’s political turmoil
(Reuters) – U.S. stock index futures pointed to a lower open on Tuesday as investors switched cash into perceived safe havens of global financial markets due to a deepening political crisis in Italy.
Business News
U.S. May auto sales expected to dip 1 percent: J.D. Power and LMC
(Reuters) – U.S. automobile sales are expected to decline 1 percent year-over-year in May, industry consultants J.D. Power and LMC Automotive said on Tuesday.
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LG's 2018 TVs now work with Amazon Alexa
For years, “smart” TVs have largely been defined by internet connectivity and …read more […]
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Sony's new mirrorless camera EVF is 60 percent sharper
Sony has unveiled an OLED electronic viewfinder (EVF) display with a …read more […]
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Brent crude pares losses, but spectre of output boost remains
Brent crude oil rose on Tuesday, paring losses triggered by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall. Brent crude futures (LCOc1) were up 57 cents on the day at $75.87 a barrel by 1200 GMT, while U.S. futures (CLc1) fell 89 cents to $66.99. Brent crude now commands its largest premium over U.S. futures in more than three years, meaning that U.S. exports are rapidly becoming far more competitive globally than those from northern Europe, Russia or parts of the Middle East. …read more […]
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What General Electric's Latest Update Really Means for Investors
3 key takeaways from CEO John Flannery’s presentation at the Electrical Products Group conference. …read more […]
Business News
Wall Street futures fall as Italy, Spain worries turn investors risk averse
(Reuters) – U.S. stock index futures fell on Tuesday led by bank stocks as investors moved to low-risk assets due to a deepening political crisis in Italy and a leadership challenge in Spain.
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Bayer could get U.S. approval for Monsanto deal on Tuesday: source
Bayer could be granted conditional U.S. antitrust approval for its planned takeover of Monsanto as soon as Tuesday, clearing a major hurdle for the $62.5 billion deal, a person familiar with the situation told Reuters. Bayer has already come to an agreement in principle on what it would take to win approval from the U.S. Department of Justice (DoJ), after adjusting the planned divestment of assets to include digital farming to assuage antitrust concerns. Both Bayer and the DoJ declined to comment. …read more […]
Business News
Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO
SHANGHAI (Reuters) – Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm’s push into offline services.