ANA Holdings Inc.’s board will meet Friday to consider increasing its stake to a majority holding in Peach Aviation Ltd., a move that would give Japan’s largest airline a bigger foothold in the budget travel market. ANA plans to spend about 100 billion yen to boost its stake to more than 50 percent from about 39 percent, making budget airline Peach a subsidiary, people familiar with the matter said, asking not to be identified because the talks are private.
Day: February 23, 2017
China Said to Name Reformer Guo as Head of Banking Regulator
China has appointed financial-sector expert Guo Shuqing as the new head of the nation’s banking regulator, according to people familiar with the matter. Guo is replacing Shang Fulin, who is retiring, said the people, asking not to be identified as the matter is private.
Uber blocks employees at work from chatting on a popular…
Uber insiders have made an avalanche of revelations about the company’s allegedly dysfunctional culture in recent weeks, culminating with former engineer Susan Fowler’s shocking tell-all of alleged sexual harassment. Uber has publicly acknowledged Fowler’s statements and vowed to investigate, although Uber investors, Mitch and Freada Kapor, are not satisfied with that.
Poll shows Mark Cuban in surprisingly competitive position…
Billionaire business mogul Mark Cuban would be competitive in a prospective presidential race against President Donald Trump, according to a new poll. The poll, set to be released Friday by the Democratic firm Public Policy Polling, found that Cuban, if he were to seek the presidency and be Trump’s Democratic opponent, would trail the sitting president by a single percentage point.
Apple fixed an annoying iPhone battery bug and didn’t tell…
Many Apple users have been reporting this annoying battery bug, but there was seemingly no fix for it – and Apple refused to acknowledge it was an issue. Apple says in a statement first reported by TechCrunch that it fixed the bug in the most recent version of iOS 10.2.1., which was released on January 23. With iOS 10.2.1, Apple made improvements to reduce occurrences of unexpected shutdowns that a small number of users were experiencing with their iPhone.
An email fail made Google suspect Uber was copying its…
Yet, the accidental cc-ing of a competitor’s technology designs revealed something potentially much worse: the plans looked eerily familiar. Waymo claims that a former employee downloaded more than 14,000 files and took them to start his own company.
HPE’s Whitman Struggles in Shift to Smaller Size, Cloud Pressure
Hewlett Packard Enterprise Co.’ s Meg Whitman, who has been working to transform the company into a more efficient corporate-technology provider, is being thwarted by rising supply costs and aggressive cloud rivals.
Housing Boom Fades in Tokyo With Glut as Chinese Sales Slow
In the Kachidoki area facing Tokyo Bay, home to the city’s hottest market given its proximity to venues for the 2020 Olympic Games, real-estate broker Hayato Jo has a wall full of notices of apartments for sale, with a 20 percent increase in the number of people looking to sell in the area in the past year. Prices in the neighborhood, which surged 25 percent since Tokyo won the Games in 2013, have started to fall from their peak.
Coke Says it Supports WHO’s Sugar Guidelines
Coke says it supports the World Health Organization’s guidelines for limiting added sugar, as the company works on repairing its image in public health circles and reshaping its business. Incoming CEO James Quincey also said the company has “outgrown” its namesake cola and is focusing on becoming a “total beverage company.”
Why millennials aren’t saving money for retirement
Feb. 23, 2017 – 4:13 – Brian Brenberg, associate professor of business and economics at The King’s College, on why millennials aren’t saving to save money for retirement.
Texas Gov. Abbott: We are banning sanctuary city laws and programs
Feb. 23, 2017 – 7:07 – Gov. Greg Abbott (R-Texas) on Rex Tillerson and John Kelly’s visit to Mexico and why Texas is pushing back against sanctuary cities.
Whole Foods, movies will anchor downtown Sunnyvale complex
Whole Foods will anchor an emerging retail and residential complex that is also bringing a multi-screen cinema to downtown Sunnyvale, developers said Thursday. The healthy foods grocery chain has leased 52,000 square feet in a long-stalled development that for years has been known as Sunnyvale Town Center.
DISH Network Corp (DISH) PT Raised to $62.00
The firm currently has an “equal weight” rating on the stock. Shares of DISH Network Corp traded down 0.56% during midday trading on Thursday, hitting $62.05.
Alphabet’s Waymo Alleges Uber Stole Self-Driving Secrets
It took Alphabet Inc.’s Waymo seven years to design and build a laser-scanning system to guide its self-driving cars. Uber Technologies Inc. allegedly did it in nine months.
Baidu’s Sales Tops Estimates as It Pushes New Businesses
Baidu Inc. posted quarterly results that topped analysts’ estimates, as China’s biggest search engine pushes into new businesses such as news aggregation to overcome government restrictions on web advertising. Revenue for the fourth quarter came to 18.21 billion yuan , compared with estimates for 18.17 billion yuan, Baidu said in a statement.
The White House had a curious explanation for Trump describing…
White House press secretary Sean Spicer attempted to clarify an ominous phrase used by President Donald Trump on Thursday – but his answer left people scratching their heads instead. Earlier on Thursday, Trump described his efforts to remove unauthorized immigrants from the US as “a military operation,” a phrase that seemed to contradict efforts from White House officials who said the military would not be involved with the deportation plans.
Samsung is still overloading the smartphone market
The year’s biggest trade show for smartphones, Mobile World Congress, kicks off next week, and there’ll be plenty of mobile gadgets on display. One company that won’t make its usual splash, though, is Samsung.
Earth’s newest continent ‘Zealandia’ was found thanks to a…
By now you’ve probably seen the big geology news: Earth has a brand-new continent called Zealandia , and it’s been hiding from us for ages. What’s less widely known about the discovery, however, is how it came about – and what it means for we humans who live on top of the rocks.
Democratic senator on GOP colleague Lindsey Graham in Trump…
Sen. Sheldon Whitehouse thinks his Republican colleague, Lindsey Graham, has been “politically brave” in his approach toward President Donald Trump. But as he explained in calling Graham a “great guy,” Whitehouse, a Rhode Island Democrat, said that attribute is nothing new for the South Carolina senator.
Fitbit and Garmin: Cramer’s Top Takeaways
When it comes to personal electronics, market darling Fitbit has clearly lost its mojo, while navigation giant Garmin has made a miraculous turnaround. Cramer said even he fell for the hype when Fitbit first debuted in June 2015.
Waste Management: Cramer’s Top Takeaways
For his “Executive Decision” segment, Cramer sat down with James Fish, the new president and CEO of Waste Management , which just delivered a 6-cents-a-share earnings miss last week but saw its shares rise on the company’s bullish commentary. Shares of Waste Management are up 11% since November.
Alphabet’s Waymo Sues Uber Over Self-Driving Car Secrets
The judge’s gavel is seen in court room 422 of the New York Supreme Court at 60 Centre Street February 3, 2012. Picture taken February 3, 2012.
DISH Network Corp (DISH) Price Target Raised to $62.00 at Barclays PLC
The brokerage currently has an “equal weight” rating on the stock. DISH Network Corp traded down 0.79% during trading on Thursday, reaching $61.91.
Hillary Clinton to speak in father’s Pennsylvania hometown
In this Nov. 9, 2016, file photo, former President Bill Clinton applauds as his wife, Democratic presidential candidate Hillary Clinton speaks in New York. Hillary Clinton has been selected to speak at a St. Patrick’s Day event in her late father’s Pennsylvania hometown.
How to Avoid a CD Early Withdrawal Penalty
A CD early withdrawal penalty could cost you a good chunk of cash, but if you understand the terms and how this savings tool works, you can avoid getting hurt. Banks issue CDs for a set amount of money and a set amount of time.
FCC proposes ATSC 3.0 next-gen TV standard
Suggesting that a move to upgraded technology would foster innovation in the broadcast TV marketplace, the Federal Communications Commission is seeking comment on a proposal that would allow television broadcasters in the US to use the ATSC 3.0 ‘Next Generation’ broadcast television transmission standard on a voluntary, market-driven basis. According to the FCC, ATSC 3.0 has the potential to greatly improve broadcast signal reception on mobile devices and television receivers without outdoor antennas.
Ajit Pai adopts a ‘light touch’ leading Trump’s FCC
The head of the Federal Communications Commission wants to embrace a “light touch” approach to regulation under his leadership and the new administration. “Light touch regulation means that we create broad regulatory frameworks that can protect consumers to ensure an overall competitive marketplace,” FCC Chairman Ajit Pai said on CNBC’s “Squawk on the Street” last week.
BART ridership slumps; board mulls service cuts, fare increases
Despite crush-loads during peak commute times, the number of people riding BART is falling short of projections, forcing the transit agency to begin tough conversations about how to make up for lost revenue. After six years of growth, staff anticipated a similar increase in the number of riders during the 2016-2017 fiscal year, which began on July 1. Instead, the agency is reporting ridership is 5.2 percent below what it projected.
BART ridership slumps; board mulls service cuts, fare increases
Despite crush-loads during peak commute times, the number of people riding BART is falling short of projections, forcing the transit agency to begin tough conversations about how to make up for lost revenue. After six years of growth, staff anticipated a similar increase in the number of riders during the 2016-2017 fiscal year, which began on July 1. Instead, the agency is reporting ridership is 5.2 percent below what it projected.
Too much fictionalization can negate a newsworthiness exception to a privacy statute.
Four years ago, a New York Supreme Court judge threw Lifetime Television into a panic by enjoining the broadcast of Romeo Killer: The Christopher Porco Story , which was based on the true story of Porco’s murder and attempted murder of family members. The biopic triggered a lawsuit from Porco himself.
Too much fictionalization can negate a newsworthiness exception to a privacy statute.
Four years ago, a New York Supreme Court judge threw Lifetime Television into a panic by enjoining the broadcast of Romeo Killer: The Christopher Porco Story , which was based on the true story of Porco’s murder and attempted murder of family members. The biopic triggered a lawsuit from Porco himself.
Alphabet’s Waymo Sues Uber for Stealing Self-Driving Patents
Alphabet Inc.’s self-driving car business, Waymo, has filed suit against Uber Technologies Inc. for stealing trade secrets in the development of autonomous cars.
Merck Takes $1.9 Billion Charge on Hepatitis C Drug
Merck & Co. will take an impairment charge of $1.9 billion, after taxes, related to the development of a hepatitis C treatment, the company said in a filing Thursday.
Uber Criticized by Venture Backers Over Harassment Claims
A pair of venture capital investors in Uber Technologies Inc. criticized the company for tapping insiders to conduct an investigation into sexual harassment and discrimination claims by a former employee. Mitch and Freada Kapor, spouses and investing partners at Kapor Capital, said they have been unsuccessful in their attempts to convince Uber behind the scenes to prioritize diversity issues.
Uber Criticized by Venture Backers Over Harassment Claims
A pair of venture capital investors in Uber Technologies Inc. criticized the company for tapping insiders to conduct an investigation into sexual harassment and discrimination claims by a former employee. Mitch and Freada Kapor, spouses and investing partners at Kapor Capital, said they have been unsuccessful in their attempts to convince Uber behind the scenes to prioritize diversity issues.
Ex-Comverse Boss Gets Longest Prison Term Yet for Backdating
The co-founder of Comverse Technology Inc. was handed the longest U.S. prison sentence for options backdating to boost executive compensation, in part for fleeing the country and spending a decade on the lam in Africa. Jacob “Kobi” Alexander, 64, was sentenced to 2 1/2 years in prison on Thursday.
Ex-Comverse Boss Gets Longest Prison Term Yet for Backdating
The co-founder of Comverse Technology Inc. was handed the longest U.S. prison sentence for options backdating to boost executive compensation, in part for fleeing the country and spending a decade on the lam in Africa. Jacob “Kobi” Alexander, 64, was sentenced to 2 1/2 years in prison on Thursday.
Baidu’s Quarterly Revenue Tops Estimates on New Business Push
Baidu Inc. posted quarterly revenue that topped analysts’ estimates as it pushes into new businesses such as news aggregation to overcome government restrictions on web advertising at China’s biggest search engine. Revenue for the fourth quarter was 18.21 billion yuan , compared with estimates for 18.17 billion yuan, Baidu said in a statement.
Baidu’s Quarterly Revenue Tops Estimates on New Business Push
Baidu Inc. posted quarterly revenue that topped analysts’ estimates as it pushes into new businesses such as news aggregation to overcome government restrictions on web advertising at China’s biggest search engine. Revenue for the fourth quarter was 18.21 billion yuan , compared with estimates for 18.17 billion yuan, Baidu said in a statement.
How A Security Company Learned To Recognize The Sound Of Fraud
The same technology that Pindrop uses to flag phone scams could soon let you unlock your car or phone with the unique sound of your voice. Someday soon, you may be able to unlock your car or even log in to your favorite streaming app on a hotel TV simply with the sound of your voice.