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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

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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

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Maersk, Alibaba team up to offer online booking service for ship space

The world's largest container shipping line Maersk has teamed up with Alibaba to allow shippers of goods to reserve space on its vessels through the Chinese e-commerce giant, in a move that bypasses traditional middleman freight forwarders. Maersk, a unit of Denmark's A.P. Moller-Maersk , began offering the service to Chinese shippers on Alibaba's OneTouch booking website on Dec. 22, a spokeswoman for the shipping line said on Wednesday. Shippers traditionally go through freight forwarders to book space on container ships, but …

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Maersk, Alibaba team up to offer online booking service for ship space

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Tesla owner files lawsuit in California claiming sudden acceleration

Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner's living room, injuring the driver and a passenger. The Model X owner, Ji Chang Son, said that one night in September, he slowly pulled into his driveway as his garage door opened when the car suddenly sped forward. It cites seven other complaints registered in a database compiled by the National Highway Traffic Safety …

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Tesla owner files lawsuit in California claiming sudden acceleration

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Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua

A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies “Cars” and “Cars 2”, the official Xinhua news agency reported on Saturday. The ruling is the latest in a slew of intellectual property wins for large foreign firms, who have complained about widespread copyright infringement in China. Disney and Pixar took the Chinese firms to court saying the characters, titles and posters from local animation “The Autobots” were substantially similar…

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Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua

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Yahoo says one billion accounts exposed in newly discovered security breach

Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number of …

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Yahoo says one billion accounts exposed in newly discovered security breach

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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

By Byron Kaye and Jonathan Barrett SYDNEY (Reuters) – Australia's No. 1 casino company Crown Resorts Ltd is planning a near-total exit from the world's two biggest gaming hubs, Las Vegas and Macau, as a gambling crackdown in China hits profits and throws its expansion plans into disarray. The retreat from overseas casinos shows the impact the Chinese government's anti-graft campaign is having on casino…

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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

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Targeting U.S. automaker signals possible China retaliation over Trump talk

By Arshad Mohammed, Matt Spetalnick and Benjamin Kang Lim WASHINGTON/BEIJING (Reuters) – China's plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate …

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Targeting U.S. automaker signals possible China retaliation over Trump talk

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Aixtron, Fujian to explore what is left of deal after U.S. veto

German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday. U.S. President Barack Obama blocked China's Fujian Grand Chip Investment Fund (FGC) from acquiring Aixtron's U.S. business, the Treasury Department said on Friday. “The bidder and Aixtron are evaluating the …

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Aixtron, Fujian to explore what is left of deal after U.S. veto

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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark

SHANGHAI/SAN FRANCISCO (Reuters) – China's Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's expansion into Hollywood. Wanda, run by China's richest man, Wang Jianlin, said in a statement on Friday it would buy all of Dick Clark Productions, an iconic name in U.S. entertainment …

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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark

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