business news

Airbus board triggers shake-up to end succession row – Reuters

December 15, 2017 1:27:02 am | 0 Comments

PARIS (Reuters) – Airbus (AIR.PA) confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe’s largest aerospace firm. The move gives rival Chief Executive Tom Enders a free hand for the rest of what…

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US woman used bitcoin to move cash to Islamic State, police say – BBC News

December 14, 2017 7:21:10 pm | 0 Comments

A New York woman has been accused of laundering bitcoin and other cryptocurrencies and wiring the money to help the so-called Islamic State. Zoobia Shahnaz, 27, was charged with bank fraud, conspiracy to commit money laundering and money laundering and is being held without bail. Ms Shahnaz was born in Pakistan and worked as a…

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Adobe Systems (Still) Has Its Head in the Clouds – Motley Fool

December 14, 2017 5:45:00 pm | 0 Comments

Adobe Systems Incorporated (NASDAQ:ADBE) announced another stronger-than-expected quarter on Thursday after the market closed, setting fresh company records for both revenue and earnings on the continued outperformance of its cloud-based creative software solutions. Shares were up modestly in after-hours trading. Let’s take a closer look at what Adobe achieved over the past few months, as well as…

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Disney Makes $52.4 Billion Deal for 21st Century Fox in Big Bet on Streaming – New York Times

December 14, 2017 5:22:00 pm | 0 Comments

Leer en español By BROOKS BARNES December 14, 2017 LOS ANGELES — In a move that will reverberate from Hollywood and Silicon Valley to TVs and smartphones around the world, the Walt Disney Company said Thursday that it had reached a deal to buy most of 21st Century Fox, the empire controlled by Rupert Murdoch, in an…

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CSX CEO Hunter Harrison takes medical leave amid rail overhaul – Reuters

December 14, 2017 5:03:25 pm | 0 Comments

(Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcement that comes amid of a controversial turnaround plan at the No. 3 U.S. railroad that has drawn customer criticism and scrutiny from regulators. The Jacksonville, Florida-based railroad said Harrison, 73, was taking a leave of…

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Net neutrality supporters vow a reboot after FCC pulls plug –

December 14, 2017 4:47:00 pm | 0 Comments

A broad coalition of public officials, activists and content producers vowed to hit Control-Alt-Delete on the Federal Communications Commission’s vote Thursday to end “net neutrality” rules intended to make sure that all internet traffic is treated equally. The FCC’s party-line 3-2 vote after a lengthy and fractious public comment period had long been expected, and…

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Worker-friendly rule overturned by NLRB – USA TODAY

December 14, 2017 4:41:17 pm | 0 Comments

CLOSE When it comes to tipping at restaurants, President Trump wants to give more control to management and not to the servers themselves. Buzz60 Fast-food workers have been demanding base pay of $15 an hour.(Photo: MIKE NELSON, EPA) The National Labor Relations Board on Thursday overturned a controversial Obama-era rule that held franchisees and other…

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Tesla was under federal investigation over Model 3, may still be, report says – The Mercury News

December 14, 2017 4:11:15 pm | 0 Comments

PALO ALTO — The Securities and Exchange Commission investigated Tesla over the way it was selling its Model 3 sedan, but the company failed to tell investors about the probe, and may still be under federal investigation, according to a new report. The firm led by CEO Elon Musk was under formal investigation by the…

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Japan's big manufacturers' mood hits 11-year high – tankan – Reuters

December 14, 2017 4:03:30 pm | 0 Comments

TOKYO (Reuters) – Big Japanese manufacturers’ business confidence improved for a fifth straight quarter in the three months to December to hit a 11-year high, a central bank survey showed, a sign the economy is gathering momentum from robust exports and booming corporate profits. FILE PHOTO: A man produces machine parts inside a factory in…

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Walmart Is Letting Workers Access Their Wages Before Payday – KTLA

December 14, 2017 3:59:00 pm | 0 Comments

Walmart is teaming up with Silicon Valley to make payday come early for its employees. The company announced a new “Instapay” service for its 1.4 million workers. The service will allow Walmart workers to access, before payday, half of the wages they have already earned. They can withdraw that pay whenever they’d like to. Instapay…

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