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Yahoo to be named Altaba, Mayer to leave board after Verizon deal

(Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising,

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Yahoo to be named Altaba, Mayer to leave board after Verizon deal

Citigroup may benefit less from tax cuts than other U.S. banks

Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…

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Citigroup may benefit less from tax cuts than other U.S. banks

Italy looking at Google proposal to close tax dispute: source

Italy's tax authorities are looking at a proposal from Google to pay between 270 million and 280 million euros ($296 million) to wrap up a tax dispute, a source close to the matter said on Tuesday. Earlier this year Italian tax police presented a claim against Google for the non payment of taxes …

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Italy looking at Google proposal to close tax dispute: source

China’s WeChat seeks slice of Apple’s app store with ‘mini’ function

China's largest mobile social media network WeChat is offering its 768 million users a function which allows them to by-pass app stores such as Apple's . The launch of “Xiaochengxu”, which translates as “mini…

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China’s WeChat seeks slice of Apple’s app store with ‘mini’ function

Trump’s Commerce pick Wilbur Ross is no stranger to protectionism

By Roberta Rampton and David Lawder WASHINGTON (Reuters) – When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy. China's accession to the World Trade …

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Trump’s Commerce pick Wilbur Ross is no stranger to protectionism

Anbang in talks with Kushner for New York building overhaul: source

China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to …

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Anbang in talks with Kushner for New York building overhaul: source

New policies coming to America could take weight off Fed: Powell

By Jason Lange CHICAGO (Reuters) – A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America's mix of policies which in recent years have relied too much on the Federal Reserve, …

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New policies coming to America could take weight off Fed: Powell

HMD Global launches first Nokia smartphone

HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246). The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj chose to sell its entire handset unit to Microsoft . The new device, Nokia 6, runs on Google's Android platform and is manufactured by Foxconn

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HMD Global launches first Nokia smartphone

Google shows improved self-driving system in Chrysler Pacifica

By Alexandria Sage and Paul Lienert DETROIT (Reuters) – Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to…

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Google shows improved self-driving system in Chrysler Pacifica

FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

Fiat Chrysler Automobiles said on Sunday that it would invest $1 billion to retool and modernize two plants in the U.S. Midwest, including one that would be able to make the Ram heavy-duty pickup truck currently produced in Mexico. The company also said it planned to add three new Jeep models, including a pickup truck, to its product

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FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

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