October 20, 2017 By Jane Chung SEOUL (Reuters) – A South Korean government-organized committee is recommending Seoul resume the stalled construction of two new nuclear reactors after an opinion survey it set up found nearly 60 percent of respondents said they were in favor of the move. The two reactor […]
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Dollar rises after U.S. Senate passes budget blueprint
FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo October 20, 2017 SINGAPORE (Reuters) – The dollar and the 10-year U.S. Treasury yield rose […]
South Korea to stress safety of Pyeongchang Olympics to diplomats, companies
FILE PHOTO: An ice sculpture of the Olympic rings is illuminated during the Pyeongchang Winter Festival, near the venue for the opening and closing ceremony of the PyeongChang 2018 Winter Olympic Games in Pyeongchang, South Korea, February 10, 2017. REUTERS/Kim Hong-Ji/File Photo October 20, 2017 SEOUL (Reuters) – South Korea’s […]
Why is Alphabet Investing in Lyft Now?
Ride-hailing start-up Lyft has a big new investor: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Continue Reading Below Lyft announced on Thursday that CapitalG, Alphabet’s investment fund, is leading a $1 billion financing round for Lyft. The move follows an agreement made in May between Lyft and Alphabet’s self-driving subsidiary Waymo to […]
3 High-Yield ETFs for Retirees
Retirees look back with envy at the days before the Great Recession. Back then, a simple money market fund could fetch you 4% with absolutely no risk at all. These days, you’re lucky if you can find something approaching 1.5%. Continue Reading Below But don’t despair. There are alternatives, and while […]
Australian car-making ends with last GM plant closing
CANBERRA, Australia – The last mass-produced car built designed and built in Australia rolled off General Motors Co.’s production line in the industrial city of Adelaide on Friday as the nation reluctantly bid farewell to its auto manufacturing industry. Continue Reading Below GM Holden Ltd., an Australian subsidiary of the […]
The Latest: Last car built in Australia rolls off GM line
CANBERRA, Australia – The Latest on Australia’s last auto plant (all times local): Continue Reading Below 11:30 a.m. The last mass-produced car built designed and built in Australia has rolled off General Motors Co.’s production line in Adelaide as the nation reluctantly bid farewell to its auto manufacturing industry. GM […]
3 Key Quotes From IBM’s Third-Quarter Conference Call
Shares of International Business Machines (NYSE: IBM) rocketed about 9% higher on Wednesday, one day after the century-old tech giant reported solid third-quarter results and predicted that its years-long revenue slump would end this year. IBM’s transformation into a cloud- and cognitive-computing company has tested the patience of investors. That […]
3 Heirloom Stocks to Hold Forever
Investing for the really long term is a big challenge. It’s impossible to predict events that could transform society decades from now, much less a scandal or disruption that could turn any of today’s best companies into tomorrow’s has-beens. Consider that there’s only one company that has managed to stay […]
SoftBank’s big checks are stalling tech IPOs
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File photo October 20, 2017 By Heather Somerville LAGUNA BEACH, Calif. (Reuters) – Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group […]