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Monthly Archives: May 2018

SenseTime raises more than one billion dollars in mere months

Vivek Prakash | Bloomberg | Getty Images Xiaoou Tang, founder of SenseTime, speaks at the Jumpstarter start-up pitch event in Hong Kong, China, on Tuesday, Nov. 21, 2017. Investors are pouring funds into Chinese artificial intelligence company SenseTime. The image recognition firm said Thursday that it raised $620 million in …

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Korean Air HQ raided by prosecutors over suspected embezzlement-Yonhap

Chung Sung-Jun | Getty Images Korean Air pilots, cabin crew and activists, many wearing Guy Fawkes masks, attend a rally on May 4, 2018 in Seoul, South Korea. South Korean prosecutors raided the headquarters of Korean Air Lines over suspected embezzlement and breach of trust by members of its owning …

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Trump administration plans to impose tariffs on EU steel and aluminum: Sources

Fabian Bimmer | Reuters Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. The White House is not planning on extending the European Union exemptions from steel and aluminum tariffs, CNBC has confirmed. The Trump administration is …

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Cars.com shares leap after report the company hired J.P. Morgan to explore a potential sale

Shares of Cars.com jumped 8.8 percent Wednesday after a report the online car retailer hired J.P. Morgan to explore a possible sale. Shares rose 1 percent in after-hours trading. The New York Post reported Wednesday afternoon, citing a source, that Cars.com has hired J.P. Morgan to explore strategic options that …

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Trump says drugmakers going to announce massive voluntary price cuts

Leah Millis | Reuters President Donald Trump speaks prior to signing the “Right to Try Act,” which gives terminally ill patients the right to use experimental medications not yet been approved by the Food and Drug Administration (FDA), at the White House in Washington, U.S., May 30, 2018. President Donald …

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Trump signs ‘right-to-try’ legislation on experimental medicines

Leah Millis | Reuters Seven-year-old Muscular Dystrophy patient Jordan McLinn, from Indiana, is embraced by U.S. President Donald Trump during the president’s signing of the “Right to Try Act,” which gives terminally ill patients the right to use experimental medications not yet been approved by the Food and Drug Administration …

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Trump rips Disney CEO Bob Iger for defending Obama aide Jarrett after Roseanne Barr’s racist tweet

Carlos Barria | Reuters President Donald Trump as he leaves the White House for a trip to Nashville, Tennessee, in Washington D.C on May 29th, 2018. The reboot of the sitcom “Roseanne” on ABC gained popularity with Trump backers, as Barr’s character supported the president. In March, Trump called Barr …

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Democrats hope Mueller Russia investigation will not affect 2018 midterms

Saul Loeb | AFP | Getty Images Former FBI Director Robert Mueller, special counsel on the Russian investigation, leaves following a meeting with members of the US Senate Judiciary Committee at the US Capitol in Washington, DC on June 21, 2017. Bipartisan lawmakers have sounded the alarm about Russian efforts …

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OECD predicts two more years of economic expansion, but oil and trade are major risks

Fabian Bimmer | Reuters Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Digital infrastructure and digital inclusion, O’Reilly added, will be core to providing those in rural and underprivileged areas access to better tools for education, …

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China is reportedly looking to align with other countries in trade war

Jason Lee | Reuters China’s President Xi Jinping (R) meets German Chancellor Angela Merkel at the Great Hall of the People in Beijing, China, May 24, 2018. China is reportedly looking to line up other countries against the U.S. in a pending trade war after the White House took an …

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