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Yearly Archives: 2017

Anbang Insurance in China says chairman no longer able to fulfill duties

Qilai Shen | Bloomberg | Getty Images Wu Xiaohui, chairman and chief executive officer of Anbang Insurance Group. Chinese insurer Anbang Insurance said on Tuesday its chairman was no longer able to fulfill his duties within the company for “personal reasons,” days after the firm denied its chairman was barred …

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A chilly, wet May hurt sales

Luke Sharrett | Bloomberg | Getty Images A baker plates slices of cheesecake at a Cheesecake Factory restaurant in Louisville, Kentucky. It looks like Cheesecake Factory isn’t the only restaurant blaming the weather for soft same-store sales in the second quarter. Baird analyst David Tarantino published a research note Tuesday …

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Google YouTube crisis still has some brands sitting out, Thygesen says

Sergei Konkov | TASS | Getty Images A smartphone with the logo of the Youtube video sharing website on the screen, in front of a computer screen showing the front page of Youtube. After YouTube’s advertising crisis in recent months that saw ads running alongside neo-Nazi and jihadist videos, Google …

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Citi says trading revenue to drop by double digits this quarter

Michael Nagle | Bloomberg | Getty Images A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Citigroup CFO John Gerspach said trading revenue for the bank would be down by double digits this quarter. “Volatility has been …

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Samsung Galaxy S8 beats iPhone 7

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple. The Samsung Galaxy S8 and Galaxy S8+ are the best smartphones you can buy, well ahead of the iPhone 7 and iPhone 7 Plus, according to Consumer Reports. Consumer Reports praised the bright and colorful …

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Journalists face surprise restrictions on Capitol Hill access

Andrew Harrer | Bloomberg | Getty Images The steps of the U.S. Capitol building in Washington, D.C. Political reporters and several senators on Tuesday protested a sudden shift in rules for how journalists can access senators, just as Republicans are trying to pass an Obamacare replacement bill. Journalists were told …

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Rod Rosenstein says he would only fire Bob Mueller with ‘good cause’

Jonathan Ernst | Reuters Deputy U.S. Attorney General Rod Rosenstein testifies before a subcommittee hearing of the Senate Appropriations Committee on Capitol Hill in Washington, June 13, 2017. Deputy Attorney General Rod Rosenstein said he would only consider dismissing Robert Mueller if there was good cause. In a Tuesday hearing …

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Google poaches Apple employee in move to build its own processors

Getty Images Members of the media examine Google’s Pixel phone during an event to introduce Google hardware products on October 4, 2016 in San Francisco, California. It looks like Google is getting awful serious about designing its own smartphone processors. The company recently hired an engineer named Manu Gulati from …

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A Trumpian Caesar? Shakespeare Would Approve

Photo A scene from Orson Welles’s 1937 adaptation of “Julius Caesar.” Credit Cecil Beaton/Condé Nast, via Getty Images When Shakespeare wrote “Julius Caesar,” he did so at a time when England was deeply anxious about its political future. There had been threats against the monarch’s life, and since nobody knew …

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Here’s what Jeff Sessions will say in his Senate hearing

Zach Gibson | Getty Images U.S. Attorney General Jeff Sessions on February 28, 2017 in Washington, D.C. Jeff Sessions is set to face the Senate Intelligence Committee at 2:30 p.m. ET Tuesday in an open hearing. Senators are prepared to question the attorney general about any contact he’s had with …

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