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Month: June 2019
Newsmakers
Phunware (NASDAQ: PHUN) Launches Blockchain-Enabled Data Exchange and Mobile Loyalty Ecosystem
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced the successful launch of its Blockchain-Enabled Data Exchange and Mobile Loyalty Ecosystem […]
Business News
Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker’s exit from commercial aviation.
Business News
Wall Street drops on trade worries, Fed Chair Powell’s speech
Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates.
Newsmakers
Phunware (NASDAQ: PHUN) Recognized as Top 10 Indoor Positioning Solution Provider
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced its selection by CIO Applications as one of the Top 10 Indoor […]
Business News
Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts
In a world first, Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, France’s minister for digital affairs Cedric O said on Tuesday.
Consumer
American Premium Water Corp. (OTC: HIPH) Announces Expanded Distribution into Wal-Mart
PLAYA VISTA, CA, Jun 24, 2019 American Premium Water Corporation (OTC: HIPH) announces the distribution of Canyon Create’s varicose vein cosmetic treatment, Vanexxe, is now available for sale on Walmart.com (https://www.walmart.com/ip/Vanexxe-Varicose-Vein-Support-Gel/867729968). American Premium CEO, Ryan […]
Business News
PG&E bondholders propose bankruptcy exit plan worth up to $30 billion
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires.
Business News
Indonesia media exec says company talking to Disney; tycoon founder denies
The director of the investment arm of Indonesian media group Media Nusantara Citra (MNC) said on Tuesday the group was in talks with Walt Disney Co on a possible investment by the U.S. media conglomerate, but the group’s owner Hary Tanoesoedibjo denied talks were taking place.
Business News
Trump thinks dollar is too strong, blames Fed policy: official
President Donald Trump believes the U.S. dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday.
Business News
Comcast’s SKY Italia appoints Maximo Ibarra as new CEO
SKY Italia has appointed Maximo Ibarra as its new chief executive effective Oct. 1 as it expands its business, the Italian unit of U.S. media group Comcast said on Tuesday.
Business News
U.S. consumer confidence dives, trade tensions hurting economy
U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China.
Business News
UPS will not join FedEx lawsuit against U.S. government
Parcel delivery company United Parcel Service Inc said on Tuesday it would not join rival FedEx Corp’s lawsuit against the U.S. government.
Business News
PG&E bondholders propose bankruptcy reorganization plan worth up to $30 billion
A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion, primarily equity, to help the California power provider emerge from Chapter 11 and address its liability from wildfires.
Business News
Porsche recalls 340,000 cars due to parking problem
Volkswagen’s sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday.