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Russian tycoon Magomedov arrested on embezzlement charges

March 31, 2018 by  
Filed under News

MOSCOW (Reuters) – Russian authorities on Saturday arrested billionaire Ziyavudin Magomedov on charges of embezzling more than $35 million, in one of the highest-profile prosecutions of a Russian tycoon in years.


Source: Reuters Business News

Trump attacks Amazon, again, over U.S. postal rates

March 31, 2018 by  
Filed under News

(Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world’s biggest online retailer of getting unfairly cheap rates from the U.S. Postal Service and not paying enough tax.


Source: Reuters Business News

Fox's Ingraham taking vacation as advertisers flee amid controversy

March 31, 2018 by  
Filed under News

(Reuters) – Fox News show host Laura Ingraham announced on her show late Friday that she is taking next week off, after almost a dozen advertisers dropped her show after the conservative pundit mocked a teenage survivor of the Florida school massacre on Twitter.


Source: Reuters Business News

India's electronics ministry moots duties on key smartphone component: sources

March 31, 2018 by  
Filed under News

MUMBAI/NEW DELHI (Reuters) – India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in a series of moves aimed at boosting domestic manufacturing in the world’s second-biggest smartphone market.


Source: Reuters Business News

Come for your drugs, leave with more shopping: Walmart's new growth strategy?

March 31, 2018 by  
Filed under News

(Reuters) – Walmart Inc’s efforts to develop closer ties with health insurer Humana Inc , which came to light on Thursday, point to a brave new world of retail where superstores become healthcare centers offering basic medical care.


Source: Reuters Business News

Starbucks coffee in California must have cancer warning, judge says

March 30, 2018 by  
Filed under News

(Reuters) – Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.


Source: Reuters Business News

U.S. explores including wage factor in NAFTA auto rules: sources

March 30, 2018 by  
Filed under News

MEXICO CITY (Reuters) – U.S. trade negotiators have floated a plan to introduce rules under a reworked NAFTA that stipulate a certain amount of automotive production must be carried out in areas paying higher salaries, two sources familiar with the matter said.


Source: Reuters Business News

As shale wells grow longer, buyouts attract hemmed in oil producers

March 30, 2018 by  
Filed under News

HOUSTON (Reuters) – A recent drought in oil company mergers and acquisitions could be coming to an end over a new Texas range war: U.S. shale producers are building miles-long horizontal wells that are running into their rivals’ land holdings.


Source: Reuters Business News

Singapore watchdog says Uber-Grab deal may have infringed competition

March 30, 2018 by  
Filed under News

SINGAPORE (Reuters) – Singapore’s competition watchdog said it had reasonable grounds to suspect competition had been infringed by Uber Technologies Inc’s [UBER.UL] deal to sell its operations in Southeast Asia to rival ride-hailing firm Grab.


Source: Reuters Business News

Under Armour says 150 million MyFitnessPal accounts breached

March 30, 2018 by  
Filed under News

(Reuters) – Under Armour Inc said on Thursday that data from some 150 million MyFitnessPal diet and fitness app accounts was compromised in February, in one of the biggest hacks in history, sending shares of the athletic apparel maker down 3 percent in after-hours trade.


Source: Reuters Business News

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