Apple shares flirt with correction territory
SAN FRANCISCO (Reuters) – Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.
Source: Reuters Business News
Wall St. falls on North Korea warnings, tech selloff
NEW YORK (Reuters) – Wall Street fell on Monday, as a selloff in technology shares dragged the Nasdaq down more than 1 percent, while North Korea’s latest warnings to Washington added to a cautious tone.
Source: Reuters Business News
Top U.S. NAFTA negotiator sees no problem with pace of talks
OTTAWA (Reuters) – The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.”
Source: Reuters Business News
SEC chairman notified of 2016 agency hack in August: testimony
WASHINGTON (Reuters) – The chairman of the U.S. Securities and Exchange Commission (SEC) only learned in August that hackers had last year breached the regulator’s database of corporate announcements, according to prepared congressional testimony seen by Reuters on Monday.
Source: Reuters Business News
Target raises minimum hourly wage to $11, pledges $15 by end of 2020
CHICAGO (Reuters) – Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour — the so-called “living wage” labor advocates across the United States are campaigning for.
Source: Reuters Business News
EU seeks more protection for Uber-style jobs
BRUSSELS (Reuters) – The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality.
Source: Reuters Business News
A celebrity listing crashes Japanese exchange's party
TOKYO (Reuters) – On Japan’s newest exchange, fame can pay off. That may not be so great for investors though.
Source: Reuters Business News
Fidget spinners and squishies: some Toys 'R' Us toymakers cut ties
(Reuters) – This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys ‘R’ Us, unaware that the biggest U.S. toy store chain was in financial trouble.
Source: Reuters Business News
A private solution for China’s zombie company problem? Unlikely
HONG KONG (Reuters) – China’s latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October.
Source: Reuters Business News
Uber ready to make concessions to reverse London license decision: paper
LONDON (Reuters) – U.S. taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported.
Source: Reuters Business News