A growing list of advertisers decided to cut ties with right-wing television host Laura Ingraham on Thursday after she tweeted insults about a survivor of the February school shooting in Parkland, Florida. The streaming service Hulu was one of the latest companies to announce on Thursday that it would pull […]
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China looked at investing in SoftBank’s $100 billion tech fund
The Chinese government had talks about possibly financing the world’s most ambitious investment project, SoftBank’s $100 billion bet on the future of technology known as the Vision Fund. China’s largest sovereign wealth fund, the China Investment Corporation, last year spoke with the Vision Fund about making an investment, according to […]
China should punish ‘US colony’ Canada over possible anti-dumping rules, propaganda outlet says
China should take “punitive” measures against Canada if new regulations from Ottawa against dumping of aluminium and steel target Beijing, Chinese tabloid Global Times said in an editorial on Friday. The widely read Global Times is run by the ruling Communist Party’s official People’s Daily, although its stance does not […]
Japanese official says the country must avoid a bilateral trade agreement with the US
Finance Minister Taro Aso said on Friday that Japan must avoid entering a free trade agreement (FTA) with the United States to rectify trade imbalances. Japan supports the postwar global trend of promoting multilateral trade frameworks, and the recent signing of the Trans-Pacific Partnership free trade deal was a significant […]
Data points to further economic expansion in Japan
Japan’s industrial production rebounded in February from a large decline in the previous monthand companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate […]
HSBC to pay $100 million to end Libor rigging lawsuit in the US
HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate, becoming the fourth major bank to settle. The preliminary accord with “over-the-counter” investors that transacted directly with banks on a panel to determine Libor, or […]
Facebook exec in 2016 internal memo defends ‘ugly’ growth tactics, even if people use it for evil
Facebook executive Andrew “Boz” Bosworth defended the company’s “questionable” growth tactics in a internal memo obtained by BuzzFeed that circulated among employees in 2016, writing that “all the work we do in growth is justified” in order to connect more people. Called “The Ugly,” the memo also stated that “anything […]
Walmart reportedly in early talks to buy Humana
Walmart has begun discussing a possible acquisition of health insurer Humana, The Wall Street Journal reported Thursday citing people familiar with the matter. Shares of Humana soared as much as 13 percent in after-hours trade on Thursday. Walmart shares edged slightly lower in extended trade. The newspaper said that details […]
The $80 billion reason John Legend is backing start-ups led by former inmates
Grammy winner John Legend is a busy man. Aside from the projects you’d expect from the musician, such as starring in the upcoming live TV performance of “Jesus Christ Superstar,” he somehow also finds time to throw his own star power behind important social issues. In his latest effort, Legend […]
Tesla issues its largest recall ever over faulty Model S steering
Tesla said Thursday it was recalling a huge number of its Model S sedans around the world over a power steering issue. It told customers in an email that it was a proactive move and none of the company’s other vehicles were affected. The automaker said 123,000 Model S vehicles […]