Business

Business AT&T, Time Warner Merger Cleared
Author: 0 AT&T, Time Warner Merger Cleared

The decision hinges on whether the combination of AT&T's pay-TV and mobile-phone businesses with Time Warner's content would raise prices for consumers. But Salil K. Mehra, a professor at Temple's Beasley School of Law and an expert on antitrust, said "this is a fearless new world in which leverage issues and the data collection on individuals make it harder to predict what will happen".

Business Verizon picks Hans Vestberg to serve as new CEO
Author: 0 Verizon picks Hans Vestberg to serve as new CEO

In 2016, unable to turn around slumping profits at Ericsson , Vestberg was ousted from the company. Some analysts have speculated that the company will match AT&T's push into media. "For Verizon, the time for a change in leadership is now, and I am confident that Hans is the right person to bring Verizon through its next chapter", said McAdam in a statement.

Business Trudeau said nothing at G7 he hasn't told Trump in person: office
Author: 0 Trudeau said nothing at G7 he hasn't told Trump in person: office

Trump addressed the subject of global trade during an impromptu news conference at the summit on Saturday, saying that he does not want to see other countries take advantage of the United States over trade. Despite the tension, the member states' leaders were cordial in person, Trump included. But I feel really confident", Trump said of Monday's meeting, which is the first between a North Korean leader and sitting USA president, "It's never been done, It's never been tested.

Business Trump arrives in Quebec for G7 summit, wants Russian Federation invited back
Author: 0 Trump arrives in Quebec for G7 summit, wants Russian Federation invited back

The Trudeau government has told President Donald Trump he needs to get rid of the punishing USA tariffs on Canadian steel and aluminum if there is any hope of successfully renegotiating the North American Free Trade Agreement. On Friday, Trump said that Russian Federation should be part of the G7 summit . The G-7 became the G-8 in 1997, when Russian Federation became a member along with Britain, Germany, Italy, Canada, the United States, France and Japan.

Business Kim Jong Un arrives in Singapore ahead of summit with Donald Trump
Author: 0 Kim Jong Un arrives in Singapore ahead of summit with Donald Trump

Kim's chief of staff was spotted in Beijing last week after wrapping up talks with US officials in Singapore which had included security discussions. A vehicle believed to be carrying North Korean leader Kim Jong Un is seen in Singapore on Sunday afternoon. On June 8, the police force said that the venues involved in the Singapore Summit, and the areas around them, have correspondingly been designated as Enhanced Security Special Event Areas from 10 June to 14 June 2018.

Business Harvard Alchemists Want to Turn Air into Gasoline
Author: 0 Harvard Alchemists Want to Turn Air into Gasoline

The study implies that falling costs of solar power could produce hydrogen affordably from electrolysis without producing an excessive increase in CO2. Carbon Engineering is seeking funding to build a commercial-scale demonstration plant for its process following successful tests at its pilot plant in British Columbia , Canada.

Business Hello Porsche Taycan: Tesla-rivaling Mission E gets its launch name
Author: 0 Hello Porsche Taycan: Tesla-rivaling Mission E gets its launch name

The Taycan "must be a Porsche first", Stefan Weckbach, vice president of Porsche's battery electric vehicle program, told The New York Times recently. Porsche CEO Oliver Blume told us: "We will think of different options and there will be more than one, with different levels of power". It also plans a crossover version of the auto, as previewed by the Cross Turismo concept that made its debut at March's Geneva Motor Show .

Business Buffett, Dimon say quarterly profit forecasts harming economy
Author: 0 Buffett, Dimon say quarterly profit forecasts harming economy

Dimon said he could generate hundreds of millions of revenue for the bank by agreeing to some interest rate swaps. "We think the president has raised some very critical issues about trade, especially with China, around state owned enterprises, fair competition, market access, the ability to own 100% of a company, and these things should be negotiated out and the Business Roundtable supports those issues", Dimon said.

Business US, China reach $1.4 billion sanctions deal over ZTE: Commerce Dept
Author: 0 US, China reach $1.4 billion sanctions deal over ZTE: Commerce Dept

The company was found to have shipped its sophisticated telecommunications equipment to both nations and to have repeatedly lied to USA investigators about its actions. US President Donald Trump came under criticism for announcing last month that he would reverse the ban, with some lawmakers warning that payments do not address security concerns over Chinese telecommunications equipment.

Business Ex-CEO: Cambridge Analytica got 'huge target' with Trump win
Author: 0 Ex-CEO: Cambridge Analytica got 'huge target' with Trump win

What we are getting back from you are bluster and rudeness". He suggested Mr Wylie had provided ammunition for the "global liberal media" after they "decided to put us in their cross-hairs" because of CA's perceived role in the Trump and Brexit victories and launched "an extremely well co-ordinated and effective attack on us as a company and destroyed our reputations and our business".

Business Trudeau Rejects US Proposal on Bilateral Trade
Author: 0 Trudeau Rejects US Proposal on Bilateral Trade

He then pushed the plan to a senior member of Prime Minister Justin Trudeau's office, although he didn't name who it was. "There are disagreements. He's sticking to his guns". USA stocks were trading higher on Wednesday. The topic led off debate Tuesday in the House of Commons, where Conservative Leader Andrew Scheer criticized the Liberals for announcing retaliatory tariffs that don't take effect until July 1 - a full month behind the USA measures.

Business Commerce Secretary: US reaches deal with China's ZTE
Author: 0 Commerce Secretary: US reaches deal with China's ZTE

In an interview on CNBC , Ross said penalties amounted to $1 billion and that ZTE agreed to install new management and a compliance team picked by the U.S. Since then, President Trump and his friends have stepped in to help ZTE stay alive, even though there is bipartisan agreement that the United States shouldn't.

Business White House reportedly considering new economic penalties against Canada
Author: 0 White House reportedly considering new economic penalties against Canada

Canadian broadcaster CBC also confirmed that the conversation took place. Canada, a British colony at the time, did not become a nation until 1867. "It's understandable that change causes friction", the official said, noting some of Trump's recent tariff announcements have brought stubborn trading partners back to the negotiating table.

Business Melania Trump Makes Her First Public Appearance in Several Weeks
Author: 0 Melania Trump Makes Her First Public Appearance in Several Weeks

The White House announced on May 14 that Melania Trump had undergone a successful embolization procedure to treat what was described as a "benign" kidney condition . "She'll always be committed to her mother", the insider said. The misrepresentation came after news broke of President Donald Trump's decision to cancel the Eagles' trip to the White House-a tradition for a championship-winning team of a major sport.

Business United Kingdom minister allows 21st Century Fox takeover of Sky
Author: 0 United Kingdom minister allows 21st Century Fox takeover of Sky

The regulator again raised the possibility of "increased influence of the Murdoch Family Trust over public opinion and the UK's political agenda", should Fox win control of Sky News . Meanwhile, Comcast has also stated that it is in the advanced stages of preparing a superior bid for the same assets, although no offer has so far emerged.

Business ACCC: Petrol prices highest since 2015
Author: 0 ACCC: Petrol prices highest since 2015

On the other hand, the price of diesel is down 11 paise at Rs 68.88/litre in Delhi; Rs 71.43/litre in Kolkata; Rs 73.33/litre in Mumbai; Rs 72.72 in Chennai and Rs 70.06 in Bengaluru. Since April, growing concerns about risks to global crude oil supplies have caused worldwide oil prices, and local retail petrol prices, to jump dramatically, peaking in May.

Author: 0 Microsoft Is Said to Have Agreed to Acquire Coding Site GitHub

GitHub supplies coding tools for developers and calls itself the world's largest code host with more than 28 million developers using its platform. That said , the price seems right for what GitHub is, so it wouldn't surprise me if that was what Microsoft paid.

Business Apple WWDC 2018 keynote
Author: 0 Apple WWDC 2018 keynote

Today is the day of Apple's Worldwide Developer Conference (WWDC ), where Apple usually reveals interesting updates. Here is a little of what you can expect from the keynote address. Apple are set to implement new tools on devices to tackle addiction. Apple has been going all in on augmented reality , and it could debut new advancements.

Business Italy's Populist Government Prepares to Face Parliament Vote
Author: 0 Italy's Populist Government Prepares to Face Parliament Vote

Macron has ambitious plans for European reforms but he can not go it alone, and the strength of the Berlin-Paris axis is an important gauge for how well things are going in Europe. "This is very pleasing", SPD leader Andrea Nahles told the ARD public broadcaster. The chancellor also said she backed an investment budget for the euro zone, which would possibly be in the "low two-digit billions of euros" and gradually introduced to address structural weaknesses of member states.

Business Italy’s New Prime Minister, Conte Begins Work
Author: 0 Italy’s New Prime Minister, Conte Begins Work

He was confronted by a group of laid-off workers protesting outside Parliament. In an unscripted blast from the parade route, Conte insisted Italy wasn't alone in facing cases of corruption and declared that "we all have to work for legality".

Business Sears to close 72 more stores as sales plunge
Author: 0 Sears to close 72 more stores as sales plunge

It has also faced growing competition from stores like Home Depot, Lowe's and Best Buy. That includes the Sanford store, one of our Sears department stores in Central Florida. "Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores", the company said in a release.

Business Dough-not miss these sweet deals for National Doughnut Day
Author: 0 Dough-not miss these sweet deals for National Doughnut Day

The traditional spelling is doughnut, but the popular Dunkin' Donuts franchise gets credit for making donut the most popular spelling. The pizza chain is offering free doughnut holes with any purchase of two pizzas. Edible Arrangements: The chain has launched new Edible Donuts made with granny smith apples, chocolate and a variety of toppings. Locals may pick up free doughnuts on this auspiciously sweet occasion.

Business USA hits EU, Canada and Mexico with steel, aluminum tariffs
Author: 0 USA hits EU, Canada and Mexico with steel, aluminum tariffs

Lange criticized German Economy Minister Peter Altmaier, who he said wanted to strike a deal with Donald Trump at all costs. U.S. Commerce Secretary Wilbur Ross , a member of the U.S. Prime Minister of Canada Justin Trudeau slammed the tariffs as an "affront" to a longstanding relationship between the USA and Canada during a press conference.

Author: 0 Amazon blocks Australia from global sites over tax

Amazon will block Australians from buying from its global e-commerce websites and restrict them to a smaller local platform from July in response to new tax rules that consumer advocates fear will reduce the range of choice for customers in Australia .

Business Starbucks around the country closing this afternoon for anti-bias training
Author: 0 Starbucks around the country closing this afternoon for anti-bias training

Nelson asked to use the restroom and was told they were opened only for paying customers , he said . In a skit mocking the company's training day, The Daily Show pondered whether Starbucks employees would be trained how to greet black customers (clue: don't be racist), write names on cups (clue: don't be racist), and generally avoid being racist.

Business Did Ottawa pay too much for the Kinder Morgan pipeline project?
Author: 0 Did Ottawa pay too much for the Kinder Morgan pipeline project?

Denouncing the project as a grave threat to Indigenous lands and Canada's water supply, green groups and climate activists vowed to do everything in their power to thwart the pipeline expansion. The news came days ahead of a May 31 deadline set by Kinder Morgan Canada - the company stopped investor spending and suspended non-essential activities related to the project in an announcement on April 8.

Business Trans Mountain court action continues, John Horgan says
Author: 0 Trans Mountain court action continues, John Horgan says

Court of Appeal. Pressed about why the federal government's $4.5-billion price tag was so much lower than Kinder Morgan's stated $7.4-billion project value, Morneau said Ottawa was purchasing all the relevant assets - but he studiously avoided saying whether construction would increase costs.

Business Starbucks stores to shut down Tuesday for bias training
Author: 0 Starbucks stores to shut down Tuesday for bias training

Starbucks CEO Kevin Johnson also met with the two men in Philadelphia to apologize for the "reprehensible" incident, according to the company's spokesperson, who declined to disclose the details of the meeting. Starbucks announced its own training on April 17 as it battled to contain outrage over the arrest of Rashon Nelson and Donte Robinson in a Philadelphia store.

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