Business news

• AT&T suspends Galaxy Note 7 exchange amid new fire reports

  09-10-2016 22:30 via cnet.com
  
  As reports mount of replacement phones also experiencing fires, the wireless carrier says it will offer other phones in exchange, but not a new Note 7.
  
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• AT&T stops Note 7 replacements after reports of fire

  09-10-2016 22:06 via news.yahoo.com
  
  A Southwest Airline flight was evacuated earlier this week after a replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside the plane. The U.S. Federal Aviation Administration said it had confirmed a Samsung phone had caused the smoke and was investigating the incident, putting pressure on the Korean company as it struggles with the global scandal which has hurt its reputation.
  
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• Is it time for all replacement Galaxy Note 7s to be shut down?

  09-10-2016 21:30 via cnet.com
  
  Technically Incorrect: A Kentucky customer says his Galaxy Note 7 caught fire in the middle of the night. He also claims he saw a text not meant for him that doesn't show the company in a good light.
  
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• SNL mercilessly mocks Donald Trump's Facebook apology

  09-10-2016 21:24 via cnet.com
  
  Technically Incorrect: Alec Baldwin as Donald Trump decides to "applgize" because he can't quite apologize for crude words about women caught on camera.
  
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• New Netflix trailer for Marvel's 'Iron Fist' packs a punch

  09-10-2016 21:03 via cnet.com
  
  Get ready for Netflix's new Marvel superhero series to bring martial arts justice to New York City.
  
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• Steven Spielberg's Amblin and China's Alibaba form partnership

  09-10-2016 20:56 via cbc.ca
  
  Steven Spielberg's Amblin Partners and Chinese e-commerce and media giant Alibaba have announced a partnership to co-produce films for global audiences.
  
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• 'Power Rangers' trailer showcases superpowered outcast teens

  09-10-2016 20:55 via cnet.com
  
  No, "Power Rangers" isn't "The Breakfast Club," but fans might see similarities as a group of young misfits come together.
  
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• Facebook reports 11-million-pound UK tax credit as revenues soar

  09-10-2016 20:21 via news.yahoo.com
  
  By Tom Bergin LONDON (Reuters) - Facebook said its main UK subsidiary generated an 11-million-pound tax credit in 2015 even as revenues soared, thanks to its tax efficient structure, accounts published on the weekend showed. Analysts say Facebook generates hundreds of millions of dollars in revenue from UK clients each year but until this year all transactions were booked in Ireland, minimizing the social media group's UK tax bill. Facebook UK Ltd is funded by affiliates such as the main Irish u
  
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• Citi sells Argentinian consumer unit a day after Brazil sale

  09-10-2016 19:57 via news.yahoo.com
  
  (Reuters) - Citigroup agreed to sell its consumer business in Argentina to Banco Santander Rio for an undisclosed amount, a day after it sold some of its Brazilian retail banking assets to Itaú Unibanco Holding SA . The U.S. bank had said earlier in the year that it plans to exit retail banking and credit card operations in Brazil, Argentina and Colombia to cut costs and boost profitability. Citi said on Sunday that the sale would include about $1.4 billion of its assets, including credit
  
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• Two more replacement Samsung Galaxy Note 7s said to explode

  09-10-2016 19:04 via cnet.com
  
  Man in Kentucky and girl in Minnesota report incidents with the handset, already the subject of a massive recall.
  
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• Citi sells its Argentinian consumer business to Banco Santander

  09-10-2016 18:51 via news.yahoo.com
  
  (Reuters) - Citigroup agreed to sell its consumer business in Argentina to Banco Santander Rio, for an undisclosed amount. Citi said on Sunday that the sale would include about $1.4 billion of its assets, including credit card, personal loans and retail brokerage business in Argentina. On Saturday Citi also agreed to sell its Brazilian assets to Itaú Unibanco Holding SA for 710 million reais ($220.43 million). ($1 = 3.2210 reais) (Reporting by Parikshit Mishra in Bengaluru; Editing by Ala
  
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• Tesla's Musk says will not have to raise funds in fourth-quarter

  09-10-2016 18:47 via news.yahoo.com
  
  (Reuters) - Tesla Motors Inc Chief Executive Elon Musk on Sunday said the company would not need to raise equity or corporate debt in the fourth quarter for its planned acquisition of SolarCity Corp , contradicting a filing the company made with regulators last week. Asked on Twitter whether the company would raise funds in first quarter of 2017, Musk tweeted, "Probably not then either." A Tesla spokeswoman did not immediately reply to a request for comment on Sunday. In a filing with the Securi
  
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• Humor and YouTube break down social barriers

  09-10-2016 18:23 via cnet.com
  
  One of Germany's biggest YouTube stars shows Syrians and Germans have more in common than they think.
  
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• Sigourney Weaver joins cast of Marvel's 'Defenders'

  09-10-2016 18:06 via cnet.com
  
  Will Weaver's character team up with or fight against superheroes Luke Cage, Daredevil, Jessica Jones and "Iron Fist" Danny Rand in "The Defenders" on Netflix in 2017?
  
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• Prairie farmers take financial hit as oil and gas slowdown stalls drilling rigs

  09-10-2016 17:33 via cbc.ca
  
  For 56-year-old farmer Shannon Webb, waking up Friday to six inches of snow coating his grain fields near Wynyard, Sask., the frustration of an interrupted harvest wins out, for now, over worry about the ongoing oil-and-gas drilling downturn.
  
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• How Mark Zuckerberg became the new face of VR

  09-10-2016 17:06 via cnet.com
  
  Analysis: WhatsApp, Instagram and Oculus are all wholly-owned Facebook acquisitions. But only the virtual reality pioneer is getting a rebranding push from its parent company.
  
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• Credit Suisse places five employees on leave over tax probe

  09-10-2016 15:41 via news.yahoo.com
  
  Credit Suisse has placed five employees on leave while it carries out an internal investigation related to tax matters, the Swiss bank said on Sunday. Swiss newspaper SonntagsZeitung reported earlier the bank's action was in connection with a U.S. investigation into Credit Suisse's Israeli unit over possible tax evasion. "Credit Suisse is carrying out an internal investigation relating to tax matters," the bank said in a statement.
  
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• Russia expects OPEC to ask non members to consider joining output curb

  09-10-2016 15:23 via news.yahoo.com
  
  MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said he expected the Organization of Petroleum Exporting Countries (OPEC) to propose that non-OPEC nations consider joining the group in limiting output. "We are waiting for the proposals which OPEC will elaborate internally to meet target (production) levels and with which they will come out and approach non-OPEC nations," Novak said in an interview with Turkey's state-run Anadolu Agency, published on the Russian Energy Ministry's websi
  
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• Problem pet coverage and help with those chocolate cravings: The Marketplace consumer cheat sheet

  09-10-2016 15:00 via cbc.ca
  
  Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need.
  
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• Fed's Fischer says job gains solid, expects growth to pick up

  09-10-2016 14:59 via news.yahoo.com
  
  Job gains in the United States remain solid and growth should pick up in the second half of the year, Fed Vice Chair Stanley Fischer said on Sunday in remarks that indicate the central bank remains on track for a December rate increase. The United States is "close to full employment," Fischer said in remarks prepared for delivery to the Group of 30, a panel of current and former central bankers, regulators and academic economists, during the annual meetings of the International Monetary Fund and
  
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• Deutsche Post committed to Britain despite Brexit vote

  09-10-2016 14:50 via news.yahoo.com
  
  Deutsche Post DHL remains committed to Britain despite its vote to leave the European Union and so far it has been business as usual for its customers, the company's finance chief said. "We are convinced that the UK will continue to be an important market for us, and at this point in time we don't see any extreme developments in our trading," Melanie Kreis said in her first interview since she became CFO on Oct. 1. Since the Brexit referendum in June, the German logistics giant has not canceled
  
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• Apple v. Samsung heads to Supreme Court: What you need to know

  09-10-2016 14:00 via cnet.com
  
  FAQ: Remember that tiff about how Galaxy phones look like iPhones? That'll be heading to the highest court in the land.
  
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• Banks ponder the meaning of life as Deutsche agonizes

  09-10-2016 13:05 via news.yahoo.com
  
  By Carmel Crimmins and Olivia Oran WASHINGTON (Reuters) - It wasn't just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week. “This new world of low interest rates and even negative interest rates is something that is very difficult,” said Frederic Oudea, the chief executive of French bank Societe Generale. “It is a game changer, not just for banks but for the whole financial industry,” h
  
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• VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag

  09-10-2016 12:26 via news.yahoo.com
  
  FRANKFURT (Reuters) - Volkswagen Chief Executive Matthias Mueller had no knowledge of the carmaker's diesel emissions cheating scandal, Germany's Bild am Sonntag newspaper said, citing a report by Jones Day, the lawfirm tasked with investigating the scandal.
  
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• 'I don't believe it': Why Air Miles collectors still have trust issues

  09-10-2016 11:00 via cbc.ca
  
  Air Miles has announced a new clear-cut system for how it doles out reward choices. But it might be hard for some customers to get with the program after Air Miles spent months continually shifting its explanation for why different members would see different reward offers.
  
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• Samsung Galaxy Note 7: Minnesota Teen’s Replacement Device Catches Fire

  09-10-2016 09:55 via ibtimes.com
  
  In a further blow to South Korean tech giant Samsung, another replacement for the company’s defective Samsung Galaxy Note 7 reportedly caught fire in Minnesota on Friday.
  Abby Zuis, 13, said she felt a “weird, burning sensation” as she was holding her Note 7, causing her to drop it. Burn marks similar to the ones that have been seen in other Note 7 smartphones could reportedly be seen on the phone. The heat also melted the cover that was on the phone. The teenager escaped with
  
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• Hurricane Matthew Update: Weakened But Still Potent As It Hits North Carolina, Virginia

  09-10-2016 09:45 via ibtimes.com
  
  Hurricane Matthew slammed into North Carolina and Virginia on Sunday, packing a diminished yet still potent punch as it caused major flooding and widespread power outages along the U.S. Atlantic coast after killing hundreds in Haiti.
  Now weakened, the most powerful Atlantic storm since 2007 unleashed torrential rains and powerful winds as it churned slowly north after pummeling the southeastern coast of the United States, killing at least 11 people in Florida, Georgia and North Carolina since Th
  
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• Trump Tape Scandal: Amid GOP Chaos, More Lewd Tapes Emerge

  09-10-2016 09:17 via ibtimes.com
  
  For Donald Trump, despite his apology, the troubles are far from over.
  Just a day after the Republican presidential nominee was heard making lewd and sexually charged remarks about women in a 2005 recording published by the Washington Post, CNN unearthed recordings of his various appearances on “The Howard Stern Show” in the 1990s and 2000s.
  
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• Palm Springs Cop Shooting: 2 Officers Killed, 1 Injured In California, Suspect At Large

  09-10-2016 07:56 via ibtimes.com
  
  Two officers in Palm Springs, California were fatally shot and a third was injured after a man opened fire while the cops were attempting to resolve a family dispute they were called in for Saturday, the police department said.
  Palm Springs police Chief Bryan Reyes, in an emotional briefing to the press, identified the dead officers as Jose “Gil” Gilbert Vega and Lesley Zerebny. The name of the wounded officer was not released but Reyes said he was alert and “doing well.”
  
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• Palm Springs Cop Shooting: 2 Officers Killed, 1 Injured In California

  09-10-2016 07:56 via ibtimes.com
  
  UPDATE: 4:05 a.m. EDT — The man suspected of killing two police officers and injuring another Sturday in Palm Springs was taken into custody around 1 a.m. local time (4 a.m. EDT) Sunday, the Riverside County Sheriff's Department said.
  No additional information was given out.
  Original story:
  
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• Innogy to push windfarms, electric car charging in U.S.: paper

  09-10-2016 07:19 via news.yahoo.com
  
  Innogy , Germany's largest energy group, is looking at the United States market to expand its renewable energy and electric car charging business, its chief executive told German weekly Welt am Sonntag. "We want to invest around 6.5 billion euros between 2016 and 2018," Chief Executive Peter Terium told the paper, adding that investments will include grid networks and infrastructure but also wind farms in Germany, Poland, the Netherlands and electric car charging stations in the United Stat
  
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• Deutsche Bank says derivatives exposure fears overblown: paper

  09-10-2016 07:10 via news.yahoo.com
  
  Deutsche Bank is continuing to cut back the size of its derivatives book, which is not as risky as investors may believe, Chief Risk Officer Stuart Lewis told German weekly paper Welt am Sonntag. "The risks in our derivatives book are massively overestimated," Lewis told the paper. The real risk is far lower," Lewis said, adding that the level of risk on Deutsche Bank's books was in line with that seen at other investment banking peers.
  
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• ‘Emerald City’ Spoilers: 7 Things Revealed At The New York Comic Con Panel

  09-10-2016 05:19 via ibtimes.com
  
  The yellow brick road to “Emerald City” has been far too long. The series was initially ordered in 2014 before being dropped, but NBC picked it up again in 2015. The “Wizard of Oz”-inspired drama will finally make its debut in 2017, and that means more is being revealed about the series.
  
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• ‘The Blacklist’ Season 4 Spoilers: Mr. Kaplan To Become Red’s Enemy? NBC Teases ‘Unfinished Business’

  09-10-2016 04:59 via ibtimes.com
  
  “The Blacklist” Season 4 shocked viewers when Red (James Spader) shot Mr. Kaplan (Susan Blommaert) in episode 2.
  
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• China says EU duties on Chinese steel are unfair

  09-10-2016 04:58 via news.yahoo.com
  
  China's Commerce Ministry has expressed concern and regret after the European Union set provisional import duties on two types of Chinese steel coming into the bloc, calling its investigation methods "unfair". The duties announced on Friday are the latest in a line of trade defenses set up against Chinese steel imports over the past two years to counter what EU steel producers say is a flood of steel sold at a loss due to Chinese overcapacity. Some 5,000 jobs have been axed in the British steel
  
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• ‘Mafia III’ Patch 1.01 Now Available For Download; Free New Content, Features Teased

  09-10-2016 04:12 via ibtimes.com
  
  “Mafia III” is already out and so is the latest patch for the game. The update weighs in at 1.2GB and it is already available for download from Steam this Saturday.
  The latest update for the PC version of “Mafia III” is currently live on Steam, and GearNuke reports that it removes the 30 FPS cap, so players can now adjust the game to the framerate of their liking provided it is supported by their computer.
  
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• ‘Tekken 7: Fated Retribution’ Miguel To Exact Revenge On Jin Kazama; Shows Raging Moves In New Trailer

  09-10-2016 04:09 via ibtimes.com
  
  A familiar face has been confirmed to be joining the action in “Tekken 7: Fated Retribution.” Apparently, rebellious Spaniard Miguel is back and he seems to be in no mood for some fun as he is returning to exact revenge on the people responsible for the death of his sister.
  
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• ‘Supergirl’ Season 2 Spoilers: How Will The Move Of Production To Vancouver Affect The Show’s Aesthetics?

  09-10-2016 04:05 via ibtimes.com
  
  The move of “Supergirl’s” production from Los Angeles to Vancouver will make the show look bigger.
  In a interview with Entertainment Weekly, executive producer Andrew Kreisberg said that the change of the shooting location will alter the show’s aesthetics for the better.
  
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• ‘Star Wars: The Old Republic’ Expansion Chapters For ‘Knights Of The Eternal Throne’ Revealed

  09-10-2016 04:03 via ibtimes.com
  
  The release of “Star Wars: The Old Republic” new expansion “Knights of the Eternal Throne” is fast approaching, so it’s just about time that players get more information about it.
  
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• IMF's Lipton likes Bank of Japan policy revamp, calls for more 'arrows'

  09-10-2016 03:10 via news.yahoo.com
  
  International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan's new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery. Lipton also shrugged off the view that monetary policy was nearing its limit as a means to revive economies across the globe, stressing that central banks must be open to new ideas to help spur growth. "Central banks have to always be ready to do
  
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• LeBron James complains about NBA app, NBA jumps

  09-10-2016 01:14 via cnet.com
  
  Technically Incorrect: All it takes is a powerful star to complain about the GameTime app and it's immediately seen to.
  
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