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Yearly Archives: 2019

Amazon shareholders pressure against selling Rekognition to government

Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.  A group of Amazon shareholders have filed a letter demanding the company to stop selling its …

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Trump postpones Pelosi’s overseas trip because of shutdown

President Donald Trump on Thursday told House Speaker Nancy Pelosi in a letter that he was postponing her scheduled trip to Egypt, Brussels and Afghanistan because of the ongoing government shutdown. Trump’s action came just a day after Pelosi urged him to reschedule his upcoming State of the Union address …

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Luxury spending could tumble after stock market drops

Gianluca Colla | Bloomberg | Getty Images Visitors pass a giant model of a luxury A. Lange & Soehne wristwatch, manufactured by Lange Uhren GmbH, a watchmaking unit of Cie. Financiere Richemont SA. Spending on watches, jewelry, boats and other luxury goods could tumble because of the recent stock market …

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Signet shares tank on weak holiday sales, store closure warning

Bloomberg | Bloomberg | Getty Images Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Signet Jewelers shares tanked more than 21 percent Thursday morning after the diamond retailer slashed its profit outlook and said holiday sales came …

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The major bank earnings reports are all in and Morgan Stanley was the biggest loser

Bess Adler | Bloomberg | Getty Images A person enters Morgan Stanley headquarters in New York, on Thursday, July 12, 2018. Banks’ trading desks ended 2018 with a whimper – and nowhere as much as at Morgan Stanley. The New York-based firm had the worst bond-trading performance among the big …

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Google to buy Fossil smartwatch tech for $40 million

Stephen Lam | Reuters Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Fossil is selling $40 million of smartwatch technology to Google, the company announced on Thursday. Shares of Fossil jumped about 8 percent on the news. Fossil …

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Trump stresses threats from China, Russia, Iran in missile defense review

U.S. Air Force photo An unarmed Minuteman III intercontinental ballistic missile launches during an operational test on Feb. 20, 2016, Vandenberg Air Force Base, Calif. President Donald Trump on Thursday unveiled the first overhaul of American missile defense doctrine in nearly a decade at the Pentagon. Known as the missile …

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Sears announces ESL as winning bid in bankruptcy auction

Gregory Bull | AP Edward Lampert speaks during a news conference to announce the merger of Kmart and Sears in New York Wednesday, Nov. 17, 2004. Sears said Thursday that its chairman Eddie Lampert’s hedge fund, ESL Investments, is the winning bidder in the company’s bankruptcy auction. “We are pleased …

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Trump loses support among core voters as the shutdown drags on: Polls

Bridget Bennett | Bloomberg | Getty Images President Donald Trump speaks during a rally in Las Vegas, Nevada, U.S., on Thursday, Sept. 20, 2018. President Donald Trump is hemorrhaging support amid a political standoff over his proposed border wall that has resulted in the longest government shutdown on record, recent …

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Moonves going to arbitration with CBS over $120 million exit package

Patrick T. Fallon | Bloomberg | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp., listens during the annual Milken Institute Global Conference in Beverly Hills , California. Former CBS CEO Leslie Moonves is bringing his case against CBS to binding arbitration, the company said in …

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