wednesday

Amazon to pay C$1.1 million to settle Canada pricing case

The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on …

More:
Amazon to pay C$1.1 million to settle Canada pricing case

wednesday

Samsung Group leader Lee arrives at South Korea prosecution office for questioning

SEOUL (Reuters) – Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.

View original here:
Samsung Group leader Lee arrives at South Korea prosecution office for questioning

wednesday

Trump recommits to ‘major border tax’ on foreign-produced U.S. products

President-elect Donald Trump on Wednesday promised a “major border tax” on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants. Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country. Trump, who will be sworn into office on Jan. 20, warned of a “very large border tax” on companies that…

Read more from the original source:
Trump recommits to ‘major border tax’ on foreign-produced U.S. products

wednesday

Oil prices rise on expected drop in U.S. oil inventories

By Karolin Schaps LONDON (Reuters) – Oil edged higher on Wednesday on expectations that U.S. crude oil inventories are falling and on signs that oil producers are willing to stick to agreed output cuts that came into effect this week. Global benchmark Brent crude futures were up 49 cents at $55.96 a barrel by 0924 GMT (4:24 a.m. ET). U.S. West Texas Intermediate (WTI) crude futures were trading at $52.82 per barrel, up 49 cents from the last settlement.

Read the original: 
Oil prices rise on expected drop in U.S. oil inventories

wednesday

Coke moves away from AB InBev with Africa bottling deal

By Philip Blenkinsop and Martinne Geller BRUSSELS/LONDON (Reuters) – Coca-Cola Co has reached a deal to buy Anheuser-Busch InBev's majority stake in their African bottling venture for $3.15 billion and hold onto it until it finds a new owner, the companies said on Wednesday. Coke said in October it would exercise a right to buy the stake formerly owned by SABMiller following SAB's…

Here is the original post: 
Coke moves away from AB InBev with Africa bottling deal

wednesday

U.S. mortgage activity edges up even as rates head higher

NEW YORK (Reuters) – U.S. mortgage application activity rebounded from its lowest level since January despite interest rates on 30-year fixed-rate home loans hitting their highest levels in over 2-1/2 years, Mortgage Bankers Association data released on Wednesday showed.

Read more from the original source: 
U.S. mortgage activity edges up even as rates head higher

wednesday

Trump defends Boeing tweet, says companies shouldn’t worry

WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office.

Originally posted here: 
Trump defends Boeing tweet, says companies shouldn’t worry

wednesday

BMW recalls 33,026 cars in Russia: watchdog

MOSCOW (Reuters) – Russian standards agency Rosstandart said on Wednesday it had been informed about a voluntary recall by German carmaker BMW of 33,026 cars of the X3 F25 and X4 F26 models.

Excerpt from: 
BMW recalls 33,026 cars in Russia: watchdog

wednesday

Wal-Mart’s next move against Amazon: More warehouses, faster shipping

By Nandita Bose CHICAGO (Reuters) – Wal-Mart Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail. The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of…

Here is the original:
Wal-Mart’s next move against Amazon: More warehouses, faster shipping

wednesday

Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

Asian shares firmed on Thursday thanks to stronger U.S. economic data, while growing prospects of a near-term U.S. rate hike and possible tapering of stimulus in Europe hit gold and lifted the dollar to one-month

See more here:
Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

Next Page »