business news

Bitcoin is 'Enron in the making': Saudi Prince Alwaleed – MarketWatch

October 23, 2017 5:03:28 am | 0 Comments

Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC in an interview Monday morning. “I think this is…

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Cisco to buy BroadSoft in $1.9 billion deal – Reuters

October 23, 2017 4:43:35 am | 0 Comments

(Reuters) – Cisco Systems Inc (CSCO.O) will buy U.S. telecommunications software company BroadSoft Inc (BSFT.O) in a deal valued at $1.9 billion, as the world’s largest networking gear producer shifts from its stagnating legacy business of switches and routers. A newly installed phone made by Cisco is shown in San Diego, California, U.S., April 17,…

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Meijer recalls packaged vegetables on listeria concerns – USA TODAY

October 23, 2017 4:33:40 am | 0 Comments

Vegetables from Mann Packing in Salinas, Calif., were recalled over possible listeria contamination concerns.(Photo: Getty Images) Six companies across the United States, including Whole Foods Market, Meijer and Albertsons, have issued dozens of food recalls since Friday, due to potential listeria contamination reported by one of the largest suppliers of fresh vegetables in the country. Listeria monocytogenes…

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London Adds Charge for Older Diesel Vehicles to Fight Pollution – New York Times

October 23, 2017 4:24:00 am | 0 Comments

By LIAM STACK and JACK EWING October 23, 2017 LONDON — Driving an old diesel car in London has just gotten a lot more expensive. Starting on Monday, drivers in the center of the British capital whose cars do not meet European Union emissions standards will have to pay an additional daily penalty. The change comes amid a Europe-wide…

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Saudi Aramco's IPO, the world's largest ever, is 'on track' for 2018, CEO Amin Nasser says – CNBC

October 23, 2017 4:08:31 am | 0 Comments

Saudi Aramco’s plan to take a portion of its business public next year remains on track, the oil giant’s chief executive Amin Nasser told CNBC in an exclusive interview. Nasser made his comments Sunday following recent reports that the initial public offering for the world’s largest energy company could be delayed into 2019 or shelved…

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Merrill Lynch fined $45.5M for failure to report transactions – USA TODAY

October 23, 2017 3:51:19 am | 0 Comments

CLOSE Bank of America Merrill Lynch Deputy Head of U.S. Economics Michelle Meyer discusses her outlook for U.S. housing. Bloomberg File photo taken in 2013 shows the logo for financial service company Merrill Lynch in New York City.(Photo: EMMANUEL DUNAND, AFP/Getty Images) Bank of America’s Merrill Lynch unit has been fined $45.5 million by Britain’s…

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Produce at Meijer, Trader Joe's, Walmart recalled for possible listeria contamination – The Courier-Journal

October 23, 2017 3:26:56 am | 0 Comments

Vegetables on display(Photo: Jupiterimages, Getty Images/Creatas RF) Numerous vegetable products bought at supermarkets including Meijer, Trader Joes and Walmart in Kentucky and Indiana have been recalled because they may be contaminated, according to the Food and Drug Administration.  Mann Packing of Salinas, California recalled nearly 100 products because they could be contaminated with listeria monocytogenes, a…

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Tesla is trying to work out a deal for a factory in China – Business Insider

October 23, 2017 3:17:06 am | 0 Comments

A Tesla Model S electric car is seen at its dealership in SeoulThomson Reuters Tesla is in talks with Shanghai’s municpial government to set up a factory in the region. Tesla expects a deal to be reached by the end of the year. (Reuters) – Electric car maker Tesla Inc reaffirmed on Sunday it is talking with the…

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Russia's Kaspersky to Allow Outside Review of Its Cybersecurity Software – Wall Street Journal

October 23, 2017 3:02:08 am | 0 Comments

Kaspersky Lab, the Moscow-based cybersecurity firm whose software U.S. officials suspect helped the Russian government spy on Americans, promised to make its source code available for an independent review. The company said Monday the review is part of a “global transparency initiative” that it hopes will improve the trustworthiness of its products. It said it would…

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Cisco nears deal to acquire telecom software maker BroadSoft: Source – CNBC

October 23, 2017 2:06:00 am | 0 Comments

Cisco Systems, the worlds largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft for close to $2 billion, a person familiar with the matter said on Sunday. The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify…

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