Home / 2018 / July (page 11)

Monthly Archives: July 2018

Facebook to double office presence in London

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet of office space across two buildings in King’s Cross – enough for more …

Read More »

Hillary Clinton lashes out at ‘deeply disturbing’ Trump-Putin summit

Hillary Clinton, pictured with Laurene Powell-Jobs, at the Ozy Festival in New York City on July 21, 2018. The lack of a public record of the meeting has raised alarm bells among people critical of Trump’s handling of Russia. Amid confusion and contradictory statements from the president and other policymakers …

Read More »

Tesla reportedly asking its suppliers for partial cash refunds to reach profitability

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors Tesla shares are falling on a report the electric car maker has asked some of its suppliers to refund a portion of previous payments made by the company. On Sunday The Wall …

Read More »

Uber suspends St. Louis driver who broadcasts passengers on Twitch 

Lane Turner | Boston Globe | Getty Images A driver with placards for both Lyft and Uber waits for a traffic light outside South Station in Boston after picking up a passenger. A ride-sharing driver in St. Louis who reportedly live streams his passengers has been suspended by Uber for …

Read More »

State Street falls after halting buyback to complete merger

Brent Lewin | Bloomberg | Getty Images State Street Financial Center building, which houses the company’s headquarters, in Boston, Massachusetts. State Street shares dropped 7 percent on Friday, on track for their worst day in two years, after the bank announced it will suspend a share buyback to acquire Charles …

Read More »

Strength in all businesses except power

General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC’s Morgan Brennan after GE reported second-quarter earnings Friday. Miller says the company is very focused on the struggling power business, as order softness has continued in the sector. GE reported profits in its …

Read More »

Apple Watch, FitBit could feel cost of US tariffs

Tomohiro Ohsumi | Getty Images A person uses an Apple Watch Series 3 at the Apple Omotesando store on September 22, 2017 in Tokyo, Japan. The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories …

Read More »

Russian firm cites Trump Supreme Court pick in bid to dismiss charges

Dennis Brack | Bloomberg | Getty Images Brett Kavanaugh speaks in the Rose Garden of the White House on June 1, 2006 in Washington, D.C., after being sworn in to be a judge on the U.S. Court of Appeals.  A Russian firm accused by special counsel Robert Mueller of illegally …

Read More »

Deutsche Bank calls Amazon its top internet pick for the short term and long haul

Getty Images Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois. Amazon shares will surge this year due to its expansion into new industries and countries, according to Deutsche Bank. The firm raised its price target to $2,200 from $1,800 for Amazon shares, representing …

Read More »

US court OKs speedy appeal of AT&T-Time Warner tie-up

Joshua Roberts | Reuters Chairman and Chief Executive Officer of Time Warner Jeffrey Bewkes (L) speaks with Chairman and Chief Executive Officer of AT&T Randall Stephenson before a Senate Judiciary Committee Antitrust Subcommittee hearing on the proposed deal between AT&T and Time Warner in Washington, U.S., December 7, 2016. A …

Read More »