facebook pixel
chevron_right Business
transparent
TV Writers Just Authorized A Strike That Would Blackout Late Night
Over nine years after the last writers' strike shut down production of dozens of popular TV shows for 100 days, another protest looms over Hollywood. The strike would begin May 2, causing an immediate late-night blackout. The dispute stems from demands by TV writers who, despite living in the golden age of television currently enjoyed by viewers, haven't reaped the benefits themselves. Since writers are paid per episode, working on a season's worth results in less pay.
Trump Admin Plans To Impose 20 Percent Duties On Canadian Softwood Lumber
US Commerce Secretary Wilbur Ross said on Monday his agency will impose new anti-subsidy duties averaging 20 percent on Canadian softwood lumber imports, a move that escalates a long-running trade dispute between the two countries. Speaking to Reuters by phone a day ahead of the expected announcement, Ross said that the duties would affect $5 billion worth of softwood lumber imports from Canada.
Tom Hanks jokes Twitter CEO inspired his character in 'The Circle'
Hanks appeared alongside Dorsey on Periscope, Twitter's service for live broadcasts, to promote the film that premiers on Wednesday at New York's Tribeca Film Festival. I played you, Hanks said, as co-stars including Emma Watson laughed. The film, which opens widely in the United States on Friday, is based on a Dave Eggers novel. The fictional company at the center of the film and the book is obsessed with getting people to share their daily activities publicly.
Service Faces Backlash Over a Widespread Practice: Selling User Data
It was heartbreaking to see that some of our users were upset, Mr Hedaya said in a blog post. What Unroll.me does is far from an anomaly - it is part of an expansive and largely unregulated world of selling personal data collected by online consumer services. Companies like Unroll.me have long acted as intelligence services offering insights to businesses seeking to gain a competitive edge. Unroll.me, which was bought by Slice in 2014, is a tiny player in the personal data market.
Labor shortage a stress test for Japan's 24/7 convenience stores
Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7. Japan has around 55,000 convenience stores nationwide - roughly one for every 2,300 people - and each store needs around 20 part-timers to run it. The labor situation is starting to get health-hazardous, said one store owner who asked not to be identified.
Ready for take-off? China's answer to Boeing now just needs to sell
You can't compare us to Boeing or Airbus, they're in a different strategic stage. After the first flight, we have to focus and research on how to improve the plane's and COMAC's market competitiveness. In comparison, the latest version of the Boeing 737 had more than 3,000 firm orders before it flew last January. Without Western approvals, China would only be able to sell to countries that accept its certification standards.
Amtrak at a Junction: Invest in Improvements, or Risk Worsening Problems
To address safety concerns, Amtrak and the Federal Railroad Administration are inspecting all of the track infrastructure at Penn Station. Despite recent high-profile accidents, the number of derailments at Amtrak has remained relatively flat in recent years. Ever since Amtrak was created in 1971 to bring together many ailing rail lines, it has struggled to become profitable. The report noted that trains were often delayed by freight traffic on rails Amtrak pays to use across the country.
Fresenius snaps up Akorn, Merck KGaA's biosimilars in separate deals
Acquisitive German healthcare conglomerate Fresenius SE & Co KGaA (FREG.DE) revved up its deals pace by acquiring US generic drugmaker Akorn Inc (AKRX.O) for $4.75 billion (4.37 billion euros), and in a separate deal, the biosimilars unit of German peer Merck KGaA MRKG.DE. In a transaction that has the backing of Akorn's management, Fresenius will pay $34 per share and take on Akorn's net debt of about $450 million for a total price tag of $4.75 billion, Fresenius said in a statement late on Monday.
Number of U.S. bank branches to shrink 20 percent in five years: real estate report
The number of bank branches in the United States will shrink by as much as 20 percent in five years, according to a report from commercial real estate firm JLL. This reduction comes as banks are looking for ways to cut costs and to encourage their customers to embrace mobile banking technology rather than completing basic transactions within a physical branch.
Express Scripts says Anthem unlikely to renew contract after 2019
Express Scripts Holding Co, the largest pharmacy benefit manager in the United States, said health insurer Anthem Inc was unlikely to renew its contract with the company. It is difficult for us to understand why Anthem has not recognized the potential value which could be brought forth by engaging in meaningful discussions, Express Scripts Chief Executive Tim Wentworth said.
Alitalia workers reject labor deal, put airline on course for administration: union sources
Alitalia workers rejected a proposal to cut jobs among ground staff and trim flight personnel's salaries as part of a major restructuring, putting the loss-making Italian airline on course for government-led special administration, union sources said. Despite an initial deal reached with unions on April 14, Alitalia failed to win staff backing for its turnaround plan that was necessary to unlock financing and help avoid having to ground planes.
Sessions Vows to Enforce an Anti-Bribery Law Trump Ridiculed
We will continue to enforce the FCPA and other anti-corruption laws, Mr Sessions said. Mr Sessions made his remarks at the annual conference of the Ethics and Compliance Initiative, a gathering of lawyers who internally police corporate misconduct. Among them was Mr Trump, who said on CNBC in 2012 that the world is laughing at us for enforcing the anti-bribery law. Their missions dovetail with themes Mr Sessions has emphasized, including reducing violent crime and cracking down on transnational drug cartels and illegal immigration.
Wells Fargo has satisfactory 'living will' plan: Fed
Wells Fargo & Co (WFC.N) has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the US central bank said on Monday. The resolution plan, or living will, is required of the nation's largest banks and is meant to help prevent a future financial crisis. In December, the Fed and Federal Deposit Insurance Corporation notified Wells Fargo that the bank's plan fell short.
T-Mobile reports rise in quarterly profit and revenue
T-Mobile US Inc (TMUS.O), the No 3 US wireless carrier, reported a rise in quarterly profit and revenue as it continued to win customers despite tough competition, with all its bigger rivals now offering unlimited plans. Total adjusted revenue rose nearly 11 percent to $9.61 billion.
Uber, France spar over whether company is a transport service
Two of Uber's executives in France were fined last year over UberPOP, Uber's service using unlicensed drivers, which has since been suspended. France did not notify Brussels of its law and as such criminal penalties cannot be enforced against Uber, the company argued. It is the second case concerning Uber that the Luxembourg judges will rule on, the other being a dispute with Barcelona's main taxi operator in which the ECJ is asked whether Uber is a digital service or a transport service.
Automotive supplier breaks ground on rare new Detroit factory
This is the largest automotive supplier investment in Detroit in more than 20 years, Mayor Mike Duggan said at a groundbreaking ceremony under a light blue spring sky on Detroit's northeast side. Flex-N-Gate owner Shahid Khan said Ford was the great impetus behind locating the plant in Detroit and said it aims to employ locals. Only General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCA) still have operational plants in the city.
Putting the Front Desk in the Hotel Guest's Pocket
Though they had typically been slow to adopt new technologies, hotels are seeing a place for tech tools to make sure that guests' needs are met. In addition, 75 percent of all Marriott guests used a smartphone, tablet or laptop during their most recent stay. Marriott was among the early technology adopters, having introduced an app in early 2012 that offered the ability to book a hotel room.
Target Turned Its Shopping Carts Into 'Mario Karts'
In honor of the April 28 launch of Mario Kart 8 for Nintendo Switch, Target has unveiled themed shopping carts, entrance music and more. On April 20, over 650 Target stores across the country went into full game-on mode with Mario Kart carts featuring Mario, Luigi and Princess Peach. The stores also feature big round Mario and Luigi bollards, and the entrances have been transformed into starting lines.
Wells Fargo board pays price for letting whistleblowers whistle in the wind
Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years. George Sard, a spokesman for Wells Fargo's board, declined to comment. It's critical that all team members feel safe escalating concerns, and have confidence those concerns will be addressed, Messick said. Sanger, who led the internal investigation after being installed as independent chairman in October, had faced controversy involving whistleblowers before.
Lafarge Scandal Points to Difficulty of Operating in War Zones
In the case of Lafarge, the French economy ministry is pursuing a lawsuit against the company over possible violations of international sanctions. Lafarge has declined to publicize which local armed groups it funded, saying only that it involved sanctioned parties. The groups interfered with employees moving between their homes and work, restricted access to supplies and harassed customers, Lafarge said. Lafarge, in a statement, said it tried to keep its doors open, although it declined to specify precisely how.

Want to stay updated ?

x

Download our Android app and stay updated with the latest happenings!!!


50K+ people are using this