Business news

• 'Trump Thump' whacks bond market for $1 trillion loss

  13-11-2016 23:15 via news.yahoo.com
  
  By Richard Leong and Jennifer Ablan NEW YORK (Reuters) - Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly 1-1/2 years, on bets that plans under a Trump administration would boost business investments and spending while
  
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• Trudeau set to woo big-money foreign, domestic investors

  13-11-2016 22:17 via cbc.ca
  
  Prime Minister Justin Trudeau will take an important step Monday toward his ambitious goal of turning Canada into a magnet for foreign investment when he meets with some of the world's most powerful institutional investors with trillions of dollars at their disposal.
  
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• Man started wildfire to get more Facebook views, police say

  13-11-2016 22:00 via cnet.com
  
  Technically Incorrect: In Kentucky, an aspiring weatherman is arrested for arson after allegedly finding a criminal way to get more social media fame.
  
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• DVR deal: Channel Master 1TB Black Friday discount is already available

  13-11-2016 19:42 via cnet.com
  
  This is a great deal for cord cutters.
  
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• Donald Trump slams Times for 'inaccurate coverage'

  13-11-2016 19:30 via cnet.com
  
  Technically Incorrect: This time the president-elect's Twitter target is the New York Times, while an 'SNL' comedian offers a little realism.
  
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• Audi software can distort emissions in tests, VW says

  13-11-2016 19:21 via news.yahoo.com
  
  Audi cars with automatic transmissions have technology capable of distorting emissions when they are tested, Volkswagen said, as its luxury flagship is battling allegations over a reported discovery of a new cheat software device. Germany's Bild am Sonntag newspaper said a week ago that the California Air Resources Board (CARB) had this summer discovered cheating software in an older Audi model, which is unrelated to the device that triggered last year's diesel emissions test-cheating scandal at
  
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• Get a sneak preview of iOS 10.2's best new features

  13-11-2016 19:04 via cnet.com
  
  The best new features coming to your iPhone and iPad in December with Apple's latest iOS update.
  
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• On 'SNL,' a somber Hillary Clinton refuses to give up

  13-11-2016 19:00 via cnet.com
  
  Technically Incorrect: A non-humorous opening to the show has already racked up hundreds of thousands of YouTube views.
  
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• Trump says he intends to be 'very restrained' on Twitter

  13-11-2016 18:38 via cnet.com
  
  The president-elect tells "60 Minutes" he intends to use the social network sparingly if at all.
  
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• Monte dei Paschi board to meet Monday on debt conversion plan: source

  13-11-2016 18:15 via news.yahoo.com
  
  The board of Banca Monte dei Paschi di Siena will meet on Monday to set the terms for a bond-to-equity conversion that is part of the lender's capital boosting plans, a source familiar with the matter said on Sunday. To help limit the size of the share sale it is studying a voluntary conversion of its subordinated debt. "The (conversion) operation will kick off after the shareholder meeting... and there will obviously be a premium offered to market price," the source said.
  
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• Hack reportedly exposes 412M FriendFinder Networks accounts

  13-11-2016 17:52 via cnet.com
  
  Breach included more than 339 million accounts from swinger site AdultFriendFinder, according to LeakedSource.
  
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• Labatt employees mourn the end of beer-for-life era

  13-11-2016 16:00 via cbc.ca
  
  Long-time employees at Edmonton’s largest brewery have been told a long-standing perk has been scrapped.
  
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• Obama officials work against time to wrap banking rules

  13-11-2016 14:05 via news.yahoo.com
  
  U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing the new administration to block or roll back many of the last-minute changes. Some rules are meant to flesh out the Dodd Frank Act of 2
  
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• What's new in iOS 10.2?

  13-11-2016 14:00 via cnet.com
  
  The best new features coming to your iPhone and iPad in December with Apple's latest iOS update in December.
  
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• Citi preparing to move 900 staff to Dublin from London: Sunday Times

  13-11-2016 13:58 via news.yahoo.com
  
  U.S. bank Citi is preparing to move up to 900 jobs from London to Dublin as part of its contingency plans for Britain's exit from the European Union, the Sunday Times reported. The newspaper said the bank held a board meeting in Dublin last month, and cited sources in the Irish capital as saying Citi was exploring options for office space there. Last month the UK head of Citi, which has 9,000 UK employees, said jobs in London's financial sector would move to other EU countries regardless of what
  
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• Space Mining: Luxembourg's New Law To Give Private Companies Right To Outer Space Resources

  13-11-2016 13:38 via ibtimes.com
  
  The Luxembourg government adopted a draft law Friday that might change the present scenario of space mining. While not many private operators are working on space mining due to the legalities involved, the new law will instill confidence about extractors' rights in outer space. The legal framework is a part of the SpaceResources.lu initiative for exploration and commercial use of resources extracted from Near Earth Objects like asteroids. 
  
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• IMAX VR: Company Raising $50 Million For 25 VR-Capable Screens

  13-11-2016 13:17 via ibtimes.com
  
  IMAX announced Thursday the creation of 25 interactive virtual reality “experiences” over the next three years. The company plans to raise $50 million in funding, the first round of which has been completed. 
  
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• Brexit without transitional deal will damage economy: RBS Chairman

  13-11-2016 13:07 via news.yahoo.com
  
  If Britain does not agree a transitional arrangement with the European Union for the country's finance industry, it will be damaging for the economy and the financial services sector, the Chairman of Royal Bank of Scotland said on Sunday. The country's finance sector has been lobbying for an agreement designed to cover the gap between Britain completing its exit talks with the EU and agreeing a new trade deal with the bloc to prevent a "cliff edge" effect causing disruption. Britain suddenly bre
  
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• NATO Chief Reacts To Trump’s Threats To Quit Alliance, Says ‘Going It Alone’ Not An Option

  13-11-2016 12:57 via ibtimes.com
  
  NATO Secretary General Jens Stoltenberg warned U.S. President-elect Donald Trump that "going it alone" is not an option for either Europe or the United States. Stoltenberg's comments came as Trump's victory raised fears of America pulling out of the defense of the High North and Baltic Sea regions.
  
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• No Apple AirPods In 2016? Device To Go In Production In December, Barclays Analysts Say

  13-11-2016 12:06 via ibtimes.com
  
  The Apple AirPods have been delayed, yet again. According to analysts, the wireless earphones might not see a 2016 release. Despite being showcased at the iPhone 7 launch in September, the earphones are yet to hit the store shelves. 
  
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• Brexit without transitional deal will be damaging for economy: RBS Chairman Davies

  13-11-2016 11:43 via news.yahoo.com
  
  If Britain does not agree a transitional arrangement with the European Union, it will be damaging for the economy and for Britain's financial sector, the Chairman of Royal Bank of Scotland said on Sunday. The financial sector has been lobbying for an agreement designed to cover the gap between Britain completing its exit talks with the EU and agreeing a new trade deal with the bloc to prevent a "cliff edge" effect causing disruption. "It is damaging if we don’t get a transitional deal beca
  
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• Secret App Version 2 In The Works? Founder David Byttow Hints In Tweet

  13-11-2016 11:11 via ibtimes.com
  
  Secret, the anonymous sharing app, is gearing up for a comeback. Founder David Byttow tweeted about "Secret V2" on Sunday.The app had been previously shut down over privacy and cyberbullying concerns. 
  
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• More exploding phones and tackling telemarketers: The Marketplace cheat sheet

  13-11-2016 11:00 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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• $25 basic TV can't stop customers from cutting their cable in record numbers

  13-11-2016 11:00 via cbc.ca
  
  The lure of a $25 basic TV package has not helped stem the tide of customers cancelling their cable subscriptions. Canadians continued to cut the cord in record numbers following the launch of basic TV.
  
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• End Of The World? Texas Community Chalks Out Doomsday Plan, Prepares To Go Underground

  13-11-2016 10:58 via ibtimes.com
  
  An investor group from Texas is planning for a doomsday scenario by building a $300 million luxury community with underground houses. The houses can help protect people from disasters with its air-lock blast doors, local media reported.
  
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• After Trump and Brexit shocks, UK finance minister hopes to ease voters' frustrations

  13-11-2016 10:16 via news.yahoo.com
  
  By William Schomberg LONDON (Reuters) - Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters' frustrations which had echoes in Donald Trump's U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade in his first budget update since taking office after the June vote to leave the European Union.
  
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• Facebook Messenger Chat Rooms Feature Being Tested: Report

  13-11-2016 07:37 via ibtimes.com
  
  Facebook has been testing a new feature for its Messenger app — public chat rooms, a bulletin board-style feature that lets people engage with those outside their Facebook “friends” on a dedicated topic. Currently, Facebook allows multiple people to chat using its “Group Chat” Feature, but it is limited to chats between friends on Facebook.
  
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• Clinton Email Scandal Update: Democrat Blames FBI Director James Comey For Defeat

  13-11-2016 06:32 via ibtimes.com
  
  Hillary Clinton on Saturday blamed FBI Director James B. Comey for her defeat in the presidential elections. While talking to top party donors in a phone call, the Democrat said that Comey's announcement about a new inquiry into her use of private email server affected the polls.
  
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• ‘Bad Santa 2’ Star Billy Bob Thornton Talks Post-Split Relationship With Angelina Jolie

  13-11-2016 06:15 via ibtimes.com
  
  Billy Bob Thornton and Angelina Jolie are still friends 13 years after they ended their marriage.
  At a press junket for his upcoming Christmas film “Bad Santa 2,” Thornton revealed what kind of relationship he has had with Jolie since their divorce was finalized in 2003. “We’re still very good friends,” Thornton told Entertainment Tonight, “but she’s got her world. I’ve got mine.”
  
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• Samsung Opens Tizen Mobile App Incentive Program Ahead Of Release Of New Tizen Smartphones

  13-11-2016 05:38 via ibtimes.com
  
  Samsung is planning to introduce new Tizen OS-running smartphones next year. As part of its preparations, it has launched an incentive program for app developers to create more applications for the Linux-based operating system. 
  
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• Nokia Moonraker: UI, Features Of Microsoft’s Canceled Smartwatch Featured In Leaked Hands-On Video

  13-11-2016 05:01 via ibtimes.com
  
  Unbeknownst to many, Nokia developed a smartwatch that was intended to complement its Lumia smartphones. However, around the same time that the Finnish company’s mobile division was bought by Microsoft, the project was delayed for some time until it was officially scrapped. This week, however, the wearable that didn’t see the light of the day has now surfaced in the flesh thanks to a leaked hands-on video. 
  
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• ‘The Bachelor’ Alum AshLee Frazier Shows Off Engagement Ring In Mannequin Challenge Video

  13-11-2016 04:50 via ibtimes.com
  “The Bachelor” alum AshLee Frazier gave her followers a quick glimpse of her engagement ring in a Mannequin Challenge video she shared on Instagram.
  In the clip, Frazier is seen happily showing off her new bling to a friend during what appears to be a celebration of her recent engagement.
  
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• Honda plans to produce 80 business jets annually by March 2019

  13-11-2016 04:40 via news.yahoo.com
  
  Honda Motor Co expects to ramp up production of business jets as part of its plan to expand in the growing industry, the head of the Japanese automaker's aircraft operations said in the United States. The firm hoped to produce 80 business jets annually by March 2019, from up to 36 currently, Honda Aircraft Company CEO Michimasa Fujino told reporters at its plant in Greensboro, North Carolina. Honda is Japan's first automaker to develop and market aircraft globally.
  
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• Curved, Bezel-Free iPhones Slated For Release In 2017? Component Suppliers Reportedly Confirmed OLED Technology For Plus Line Iteration

  13-11-2016 04:05 via ibtimes.com
  
  It is not surprising that Apple is already working on its next iPhones that are going to be released as the special 10th anniversary handsets of the Cupertino giant. As the year 2016 is nearing its end, more consumers are excited and eagerly awaiting information about the iPhone 8 and iPhone 8 Plus. This week, Barclays Research published a research note that reveals new details about the upcoming iOS-running smartphones. 
  
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• ‘Supergirl’ Season 2 Spoilers: Episode 6 Sneak Peek Teases Connection Between Lena Luthor, Parasite

  13-11-2016 03:15 via ibtimes.com
  
  A sneak peek for Season 2, episode 6 of “Supergirl” revealed a connection between Lena Luthor (Katie McGrath) and Parasite.
  In the 40-second clip, Hank Henshaw (David Harewood) and Alex Danvers (Chyler Leigh) lead a team of DEO agents into an Arctic research facility where they find bodies of people and a wolf that all look “like something sucked them dry.”
  
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• South Korea prosecutors question heads of conglomerates in probe over political scandal: Yonhap

  13-11-2016 02:51 via news.yahoo.com
  
  South Korean prosecutors have questioned the heads of some large conglomerates, including the chairman of Hyundai Motor , and plan to question the de factor head of Samsung Group and others in a probe into a political scandal involving President Park Geun-hye, media reports said on Sunday. A Hyundai Motor spokesman declined to comment and Samsung Group could not immediately confirm the report. Prosecutors are investigating people close to Park over whether they had pressured dozens of the countr
  
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• Instant Analysis: Hewlett Packard Enterprise Declares Its First Dividend Raise

  13-11-2016 01:05 via feeds.foxbusiness.com
  
  The IT company bumps its payout $0.01 higher.
  
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• U.S. regulator has opened Audi investigation: Bild am Sonntag

  13-11-2016 00:49 via news.yahoo.com
  
  A U.S. government regulator has started investigating Volkswagen's Audi brand over a reported discovery of a new cheat software device at the luxury carmaker, Bild am Sonntag reported, without citing the source of the information. The German weekly paper said a week ago that the California Air Resources Board (CARB) had this summer discovered cheating software in an automatic transmission Audi which is unrelated to the device that triggered last year's diesel emissions test-cheating scandal at p
  
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• 'Silicon Valley' actors recount run-in with Trump supporters

  13-11-2016 00:28 via cnet.com
  
  Technically Incorrect: The actors who play Dinesh Chugtai and Richard Hendricks in the celebrated series take to Twitter to describe an ugly incident.
  
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• Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion

  13-11-2016 00:16 via news.yahoo.com
  
  (Reuters) - Toyota Motor Corp has agreed to a settlement of up to $3.4 billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court papers. The proposed settlement covers about 1.5 million Tacoma compact pickups, Tundra full-size pickups and Sequoia SUVs alleged to have received inadequate rust protection that could lead to corrosion serious enough to jeopardize their structural integrity, according to
  
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• Why InterDigital, Inc. Fell 11% in October

  13-11-2016 00:14 via feeds.foxbusiness.com
  
  The third quarter's good news had already been priced into the stock, with room to spare for a quick correction.
  
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• Sturm, Ruger Earnings Explode (in a Good Way)

  13-11-2016 00:11 via feeds.foxbusiness.com
  
  66% profits growth on 34% more sales? How'd that happen?
  
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