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South Korea orders battery safety measures for Samsung Note 7
South Korea said on Thursday it ordered Samsung Electronics Co Ltd to take additional measures to ensure that batteries used in Galaxy Note 7 handsets are safe, as the firm prepares to resume sales of the smartphone in South Korea. The firm is already issuing replacement devices using what it says are safe batteries in Go here to read the rest: South Korea orders battery safety measures for Samsung... [Read more]
U.S. lawmakers blast Mylan CEO over ‘sickening’ EpiPen price hikes
U.S. lawmakers on Wednesday blasted Mylan NV Chief Executive Heather Bresch for sharply increasing prices for the EpiPen emergency allergy treatment at a congressional hearing in which Republicans and Democrats questioned the reasons behind rising U.S. drug costs. The House Committee on Oversight and Government Reform called Bresch to testify in the wake of public outrage over EpiPen, whose list price... [Read more]
Fed keeps rates steady, signals one hike by end of year
The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling... [Read more]
Microsoft raises dividend, plans $40 billion share buyback
(Reuters) – Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program. The new buyback program has no expiration date and may Here is the original post: Microsoft raises dividend, plans $40 billion share buyback Read More →
UPS, Fast Radius to open 3D printing factory in Singapore
Package delivery company United Parcel Service Inc said on Monday it will expand its 3D printing services to Asia with a new facility in Singapore run by its partner Fast Radius that will open by the end of 2016. The company owns an undisclosed stake in Fast Radius, which has a 3D printing factory at the Atlanta-based package delivery company's hub in Louisville. In the United States, UPS customers... [Read more]
Oil climbs as Venezuela sees output deal, Libya suffers clashes
Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilize oil markets, which have come under pressure due to a persistent glut and... [Read more]
Exclusive: Google may face Indonesia tax bill of over $400 million for 2015 – government official
By Gayatri Suroyo and Eveline Danubrata JAKARTA (Reuters) – Indonesia plans to pursue Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more … The rest is here: Exclusive: Google may face Indonesia tax bill of over $400 million for 2015 – government official Read More →
Apple Japan unit ordered to pay $118 million tax for underreporting income: media
An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The Tokyo Regional Taxation Bureau determined that the unit, which… More here: Apple Japan unit ordered to pay $118 million tax for underreporting income: media Read More →
Fans cheer, but Asia gives iPhone 7 subdued welcome
By Adam Jourdan and Tom Westbrook SHANGHAI/SYDNEY (Reuters) – Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked Here is the original: Fans cheer, but Asia gives iPhone 7 subdued welcome Read More →
U.S. import prices post first drop in six months, but trend improving
U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and the dollar's rally fades. Import prices slipped 0.2 percent last month after gaining 0.1 percent in July. August's drop was the first since February and was led by a 2.8 percent decline in petroleum prices. Originally posted... [Read more]