Latest news from Channelnewsasia.com - Business feed

Latest news from Channelnewsasia.com - Business feed

  1. Apple sues chipmaker Qualcomm for abusing monopoly

    Apple on Friday sued Qualcomm, accusing the California chipmaker of abusing its market power to demand unfair royalties, echoing charges filed days earlier by US antitrust…
  2. TrailStone buys Cargill's power and gas group: sources

    Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this…
  3. US department stores steady profitability boat even as sales slide

    U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit…
  4. Fed's Williams says need to raise rates before economy overshoots

    San Francisco Federal Reserve Bank President John Williams on Friday repeated his view that the U.S. central bank needs to reduce monetary stimulus before the economy overshoots the Fed's employment and inflation goals and the Fed has to "slam on the…
  5. Nasdaq backs trading illiquid stocks only on listing exchange

    Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to…
  6. FTC not sold on Walgreens' plan to win nod for Rite Aid deal: Bloomberg

    The U.S. Federal Trade Commission is not satisfied with Walgreens Boots Alliance Inc's plan to divest stores to win antitrust clearance for its acquisition of Rite Aid Corp , Bloomberg reported, citing people familiar with the…
  7. Investment Focus: History suggests Trump month will be stocks down, dollar up

    For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the…
  8. Wall St. set to rise ahead of Trump inauguration

    U.S. stocks looked set to advance on Friday, with investors counting down to Donald Trump's inauguration as the 45th president of the United…
  9. GE profit up 36 percent, sales slow; affirms 2017 forecast

    General Electric Co reported a 35.7 percent jump in quarterly profit on Friday, helped by strength in its power and renewable energy businesses, and affirmed its growth and profit forecasts for…
  10. GE profit rises 35.7 percent

    General Electric Co reported on Friday a 35.7 percent rise in quarterly profit, helped by strength in its power and renewable energy…
  11. South Korea prosecutors summon another Samsung executive

    South Korea's special prosecutor's office said on Friday it summoned a Samsung Electronics Co Ltd executive for questioning as it investigates a widening influence-peddling scandal that has embroiled President Park…
  12. Trumponomics may be wrong medicine for US economy today

    Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment…
  13. For stock performance under Trump, don't look to prior transitions

    As he is sworn in as the 45th U.S. president on Friday, Donald Trump will mark one of the best performances for the American stock market for any presidential transition period of the modern…
  14. Jurong Port launches new academy for port workers

    The Jurong Port Academy will cater to about 1,900 workers from Jurong Port and its partner …
  15. China fourth-quarter GDP grows 6.8 percent, slightly better than expected, but debt risks loom

    Boosted by higher government spending and record bank lending, China's economy grew by a faster-than-expected 6.8 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent…
  16. Fed's Yellen says unwise to allow US economy to run 'hot'

    With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low, Federal Reserve Chair Janet Yellen said on…
  17. Toshiba starts process to sell stake in chip business: Kyodo

    Toshiba Corp has started the process to sell a minority stake in its profitable flash memory chip business, expecting to fetch several billion dollars as it faces a bigger-than-expected writedown for its U.S. nuclear business, Kyodo News…
  18. Samsung Electronics says to hold Galaxy Note 7 briefing on January 23

    Samsung Electronics Co Ltd said it will announce on Jan. 23 the results of a probe on what caused some Galaxy Note 7 smartphones to catch fire, as the firm seeks to recover from one of the biggest product safety failures in tech…
  19. Wells Fargo to merge international business with wholesale banking

    Wells Fargo & Co , the third-largest U.S. bank by assets, said on Thursday it would merge its international business with its wholesale banking unit that serves corporate…
  20. JPMorgan raises Dimon's pay 3.7 percent to US$28 million

    JPMorgan Chase & Co directors paid Chief Executive Jamie Dimon US$28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on…