BUSINESS

  • Jaguar Counts on China Recovery to Bolster Return to Profit
    on May 20, 2019 at 2:23 pm

    Jaguar Land Rover Automotive Plc expects a turnaround in China in the coming months to shore up efforts that have delivered the first profit in four quarters for Britain's largest automaker. The luxury manufacturer reported net income of 119 million pounds ... […]

  • US Equities Pare Losses as Financials Surge: Markets Wrap
    on May 20, 2019 at 2:23 pm

    U.S. equities pared losses after an early stumble as the fallout from the White House's moves against Chinese telecom giant Huawei battered technology shares. Bonds pared an earlier retreat. The S&P 500 Index slid at the open in New York Monday, led by ... […]

  • Trump FCC prepares to approve T-Mobile-Sprint merger
    by MARGARET HARDING on May 20, 2019 at 2:21 pm

    A Trump administration regulator on Monday moved to bless T-Mobile's $26 billion merger with Sprint, a deal that critics say will reduce wireless competition and raise prices for consumers. FCC Chairman Ajit Pai said he would recommend approval of the ... […]

  • The TWA hotel at JFK is open, and it looks amazing
    by Jesus Diaz on May 20, 2019 at 2:07 pm

    The famous airport terminal designed by Eero Saarinen in 1962 for Trans-World Airlines is alive once again thanks to hotelier MCR Development and our collective fetish for mid-century modern design. Check out this slideshow showing that the hotel is as ... […]

  • Chipmaker stocks plunge on report that companies are dropping business with big customer Huawei
    on May 20, 2019 at 1:59 pm

    A sell-off in chip stocks intensified on Monday following a report that semiconductor makers are cutting ties with Huawei following restrictions imposed by President Donald Trump's administration. The U.S. Commerce Department last week blacklisted Huawei ... […]

  • Lyft dips after lawsuit claims the company misled investors in its IPO prospectus
    on May 20, 2019 at 1:36 pm

    Shares of Lyft dipped more than 2% Monday as the company faces a class action lawsuit claiming it misled investors in its filing to go public. The lawsuit is the latest in the ride-hailing company's rocky first couple of months on the public market. Its stock has ... […]

  • Sensex sets new record! Posts highest single-day gain in 10 years
    by Chitranjan Kumar on May 20, 2019 at 1:32 pm

    The Bombay Stock Exchange benchmark Sensex set a new record on Monday by posting its highest-ever single day gain in 10 years after exit polls predicted that BJP-led National Democratic Alliance (NDA) would get a clear majority in the 2019 Lok Sabha ... […]

  • Why a Weaker Yuan Risks Inflaming the US-China Trade War
    by Enda Curran on May 20, 2019 at 1:26 pm

    China's management of its currency, the yuan, is under fresh scrutiny after recent weakening brought it back into focus in the U.S.-China trade war. The yuan slid closer to 7 to the dollar, a line it hasn't crossed in more than 10 years, just as the two sides again ... […]

  • T-Mobile and Sprint soar as FCC chairman says he'll recommend merger
    by Nabila Ahmed on May 20, 2019 at 1:20 pm

    Federal Communications Commission Chairman Ajit Pai said Monday he would recommend approval of the $26.5-billion T-Mobile US Inc.-Sprint Corp. merger, after the companies made commitments including asset sales and rural-service guarantees. […]

  • Beer Nut: Group seeks to add diversity to the brew
    by George Lenker on May 20, 2019 at 1:19 pm

    White Lion owner Ray Berry with Mindy Garcia and Jane Rosso during a past White Lion Wednesday on Main Street in downtown Springfield. 0. By George Lenker | Special to The Republican. Let's face it, for a very long time, brewing has been dominated by ... […]

  • Ford will lay off 7000 white-collar workers
    by Chris Isidore on May 20, 2019 at 1:15 pm

    New York (CNN Business) Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about $600 million a year. Ford (F) says workers will begin to be notified of cuts starting ... […]

  • Gas prices fall again
    on May 20, 2019 at 1:13 pm

    Gasoline prices in Houston fell for the second consecutive week as commodity markets weakened over trade tensions and refiners began increasing production, according the GasBuddy, which tracks gasoline prices across the country. The average price in ... […]

  • Thousands of Linksys Routers Leaking Sensitive Data: What to Do Now
    by Don Reisinger on May 20, 2019 at 1:09 pm

    Linksys routers are in some trouble. Credit: LinksysSecurity researcher Troy Mursch recently revealed that more than 25,000 Linksys routers are secretly leaking sensitive information about themselves for knowing hackers to exploit. According to Mursch, those ... […]

  • Amazon invests in UK food delivery firm Deliveroo
    on May 20, 2019 at 1:07 pm

    FILE - In this Tuesday, July 11, 2017 file photo, a Deliveroo logo is seen on a bicycle in London. Amazon is investing in British meal delivery company Deliveroo, expanding its reach into food retailing. Deliveroo said Friday May 17, 2019 that it raised $575 ... […]

  • Deutsche Bank Top Investor BlackRock to Outsource AGM Voting
    on May 20, 2019 at 1:06 pm

    BlackRock Inc., the largest single shareholder of Deutsche Bank AG, won't vote on the performance of the bank's management and supervisors at an annual meeting that's shaping up to be one of the season's most contentious. Shares of Germany's largest ... […]

  • Blue Apron Seeks a Reverse Stock Split to Retain its Listing
    by Tony Owusu on May 20, 2019 at 1:05 pm

    Shares of food-delivery service Blue Apron (APRN - Get Report) will be on notice Monday after the company announced that it is actively pursuing plans to effect a reverse stock split. The company's board of directors unanimously recommended that ... […]

  • Chips are down: Huawei US blacklisting knocks semiconductor stocks
    on May 20, 2019 at 1:02 pm

    LONDON (Reuters) - U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown. The selling came after Nikkei Asian Review reported that ... […]

  • Identity platform Auth0 raises $103M, pushing its valuation over $1B
    on May 20, 2019 at 1:00 pm

    Auth0, a 2013-founded identity and authentication platform, has pushed into unicorn territory with a $1 billion valuation after raising $103 million in its latest Series E round. The round was led by Sapphire Ventures, with participation from K9 Ventures, Telstra ... […]

  • Lutron's new dimmer for Hue lights fixes the wall switch problem
    by Dan Seifert on May 20, 2019 at 1:00 pm

    If you have ever used smart light bulbs like the ones made by Hue or Lifx, you're probably familiar with what happens when someone turns off the light switch that those bulbs are connected to: the lights lose all of their smarts and connectivity. Some solutions ... […]

  • Atlanta Fed's Bostic says he's not sure the direction of the next interest-rate move
    by Steve Goldstein on May 20, 2019 at 12:50 pm

    Atlanta Fed President Raphael Bostic on Monday said he wasn't sure what direction the next interest-rate move would be, because there are risks that go in both directions. Speaking to CNBC, Bostic said trade policy uncertainty is keeping businesses on the ... […]

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