Business news

• Trump claims $50 billion SoftBank investment due to his election win

  06-12-2016 23:43 via news.yahoo.com
  
  The head of Japan's SoftBank Group Corp , which in October set up a $100 billion fund for technology investments, said on Tuesday he would invest $50 billion in U.S. businesses, a move President-elect Donald Trump claimed was a direct result of his election win. The investment, which could create 50,000 new U.S. jobs, revived speculation on Wall Street that U.S. telecommunications giant Sprint Corp , 82-percent-owned by SoftBank, might rekinkdle merger talks with T-Mobile US Inc that died under
  
  Read more

• Ford stockpiles best-selling F-150 trucks to test new transmission

  06-12-2016 23:25 via news.yahoo.com
  
  Ford Motor Co is stockpiling 2017 model F-150 trucks, delaying delivery to dealers while it runs final tests on a new 10-speed transmission, a top executive told Reuters. The trucks should be delivered by the end of the year, Joe Hinrichs, head of Ford's automotive operations in the Americas said in an interview on Monday. "We are launching the new Raptor and F-150 with the new 10-speed transmission," Hinrichs said.
  
  Read more

• Mastercard to buy back shares worth $4 billion

  06-12-2016 22:47 via news.yahoo.com
  
  (Reuters) - Payment processor Mastercard Inc said on Tuesday it would buy back class A shares worth $4 billion and raised its quarterly dividend.
  
  Read more

• Evie brings a new level of efficiency to the Android home screen

  06-12-2016 22:45 via techrepublic.com
  
  Not all Android home screens are built for efficiency. If efficiency is what you seek, look no further than Evie Launcher.
  
  Read more

• Advertisement

• Banks, telecoms lead Wall Street up; another Dow record

  06-12-2016 22:24 via news.yahoo.com
  
  The bank's chief executive told an investor conference it will see a near-term profit hit because of the sharp rise in interest rates, but will benefit in the longer term from rising rates. Bank of America , Citigroup and Goldman Sachs also ended higher. Financials have climbed more than 15 percent since the Nov. 8 election and are seen as one of the sectors particularly benefiting as President-elect Donald Trump seeks to pass economic stimulus and reduce corporate taxes and regulations.
  
  Read more

• Dow sets record high close; banks, telecoms gain

  06-12-2016 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended higher on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.
  
  Read more

• Trump calls for cancellation of Air Force One replacement order with Boeing

  06-12-2016 22:01 via cbc.ca
  
  A tweet from president-elect Donald Trump calling on the U.S. government to scrap an order with Boeing Co. for the development of a replacement for the Air Force One jet temporarily knocked about $1 billion US off the stock market value of the aircraft maker.
  
  Read more

• U.S. judge throws out emissions fraud lawsuit against Mercedes

  06-12-2016 21:57 via news.yahoo.com
  
  (Reuters) - A U.S. judge in New Jersey on Tuesday threw out a lawsuit alleging that automaker Mercedes misled consumers about emissions standards in "BlueTec Clean Diesel" vehicles.
  
  Read more

• Advertisement

• Japan's SoftBank to invest $50 billion in United States

  06-12-2016 21:54 via news.yahoo.com
  
  Japanese telecoms and internet firm SoftBank Group Corp plans to invest $50 billion in the United States in businesses and create 50,000 new jobs, U.S. President-elect Donald Trump said on Tuesday. The money would come from a $100 billion investment fund that SoftBank Chief Executive Masayoshi Son is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners, according to the Wall Street Journal. Trump made the announcement in the lobby of Trump Tower in Manhattan wh
  
  Read more

• How an analytics app is changing the lives of acne patients

  06-12-2016 21:49 via techrepublic.com
  
  Approximately 500 million people suffer from acne, though only a very small percentage of sufferers see a dermatologist for advice. Find out how an analytics app is democratizing acne treatment.
  
  Read more

• Alaska Air wins U.S. antitrust approval for Virgin deal with conditions

  06-12-2016 21:46 via news.yahoo.com
  
  Alaska Air Group Inc has won U.S. antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc , the Justice Department said on Tuesday. The merged company would be the fifth largest U.S. carrier after American Airlines , Delta , United Airlines Inc and Southwest Airlines Co . Under the settlement with the Justice Department, Alaska and American would be banned from code-sharing on routes where Virgin
  
  Read more

• Infographic: Many companies lack skills to implement and support AI and machine learning

  06-12-2016 21:43 via techrepublic.com
  
  In a recent Tech Pro Research survey, respondents indicated that understanding of AI and machine learning was limited in their workplaces.
  
  Read more

• Alberta nosedives on global oil and gas investment ranking

  06-12-2016 20:59 via cbc.ca
  
  Alberta has plunged to 43rd place in its attractiveness to global oil and gas investors, a report by the Fraser Institute suggests.
  
  Read more

• Android Security Bulletin December 2016: What you need to know

  06-12-2016 20:57 via techrepublic.com
  
  Although there are no new Critical vulnerabilities in the Android December 2016 Security Bulletin, there are plenty of flaws to be found this month. Get the highlights.
  
  Read more

• Blackstone's Schwarzman sees historic regulatory overhaul from Trump

  06-12-2016 20:44 via news.yahoo.com
  
  Schwarzman, who was picked by Trump to chair a panel of business leaders who will give him advice during his presidency, said the changes would boost U.S. growth and attract foreign investment. Blackstone is one of the world's largest investment companies. Speaking at an investor conference hosted by Goldman Sachs Group Inc , Schwarzman said the regulatory changes would be the largest in his roughly 45 year career.
  
  Read more

• Amazon embraces hybrid cloud as a means to push people to the public cloud

  06-12-2016 20:37 via techrepublic.com
  
  Sure, AWS is now embracing hybrid computing, but with a nod to the future, not the past. Here's how they're using it as an on-ramp for public cloud.
  
  Read more

• Video: The top 5 reasons you should care about privacy

  06-12-2016 20:17 via techrepublic.com
  
  Here are five things that might convince you to care about your personal data, even if you think you don't.
  
  Read more

• Exclusive: Italy preparing to take controlling stake in Monte dei Paschi - sources

  06-12-2016 20:15 via news.yahoo.com
  
  Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday. The government is already the ailing bank's single largest shareholder with a four percent share, but is planning to buy junior bonds held by ordinary Italians to take the stake up to 40 percent, the sources said. This would make it by far the bigg
  
  Read more

• HPE boosts IDOL data analytics engine with natural language processing tools

  06-12-2016 20:08 via techrepublic.com
  
  HPE recently announced that a new version of its analytics engine HPE IDOL will improve the interactions between humans and computers, adding context to data.
  
  Read more

• Alaska wins antitrust approval for Virgin deal with condition

  06-12-2016 20:07 via news.yahoo.com
  
  Alaska Air Group Inc has won U.S. antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc , the Justice Department said on Tuesday. Under the settlement, Alaska and American would be banned from code-sharing on routes where Virgin and American now compete, among others, the department said. Alaska, which paid a premium of about 86 percent for Virgin, pursued the deal to better compete against Delt
  
  Read more

• Caesars unit's bank lenders threaten to end bankruptcy deal

  06-12-2016 20:02 via news.yahoo.com
  
  By Tracy Rucinski CHICAGO (Reuters) - The bank lenders of Caesars Entertainment Corp's operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray. The committee of bank lenders, which includes Blackstone Group LP's GSO Capital Partners, has yet to resolve a dispute over the terms of their recovery, their lawyer Kristopher Hansen said at a hearing in U.S. Bankruptcy Court in C
  
  Read more

• Blackstone's Schwarzman is bullish on Trump regulatory overhaul

  06-12-2016 19:45 via news.yahoo.com
  
  (Reuters) - Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a "very substantial reversal of regulations of all types," for the financial sector, following Donald Trump's U.S. presidential election victory.
  
  Read more

• Amazon Go Grocery Store Locations: Working On Different Formats, Might Open More Than 2,000 Stores

  06-12-2016 19:37 via ibtimes.com
  
  Amazon Go, a grocery shopping experience without lines and checkoutsrevealed Monday, could open more than 2,000 stores, according toThe Wall Street Journal.
  
  Read more

• Farrah Abraham-Amber Portwood Update: ‘Teen Mom OG’ Stars Fight At Reunion And On Instagram

  06-12-2016 19:35 via ibtimes.com
  
  Fighting on part two of the “Teen Mom OG” reunion wasn’t enough for MTV reality stars Farrah Abraham and Amber Portwood. The co-stars continued their feud on Instagram after the Season 8 special, which was filmed in October, aired on MTV Monday.
  
  Read more

• U.S. Supreme Court backs Samsung in smartphone fight with Apple

  06-12-2016 19:33 via news.yahoo.com
  
  The justices sent the case back to the U.S. Court of Appeals for the Federal Circuit in Washington to determine how much Samsung must pay. Following a 2012 jury verdict favoring Apple, Samsung initially was hit with nearly $930 million in penalties, later cut by $382 million, for infringing Apple's iPhone patents and mimicking its distinctive appearance in making the Galaxy and other competing devices.
  
  Read more

• U.S. trade gap widens as exports of soybeans, other products drop

  06-12-2016 19:32 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other products fell, suggesting trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the trade gap rose 17.8 percent, the largest increase since March 2015, to $42.6 billion. "This widening of the trade deficit at the start of the fourth quarter puts trade on track to subtract a little more than one
  
  Read more

• Muslim Hate Crimes NYC 2016: Women In Hijabs Are Latest Victims Since Trump Election

  06-12-2016 19:32 via ibtimes.com
  
  A public transit worker and an off-duty police officer were each the victims of recent hate crimes in New York City because they are Muslim, according to reports.
  
  Read more

• Chipotle says new director slate due 'shortly,' recovery lags

  06-12-2016 19:31 via news.yahoo.com
  
  Chipotle Mexican Grill Inc , amid activist pressure to revamp its board and revive sales following last year's string of food safety lapses, will "shortly" announce a new slate of directors, founder and co-chief executive Steve Ells said on Tuesday. Billionaire investor William Ackman, who took a nearly 10 percent stake in the burrito chain three months ago, wants several board seats with the aim of beefing up food safety and marketing, three people familiar with the matter have told Reuters. Sh
  
  Read more

• Alien Life Found On Pluto? NASA Finds Evidence Of Ammonia Ocean In Dwarf Planet That May Hold 'Novel Life Forms'

  06-12-2016 19:26 via ibtimes.com
  
  Pluto was years ago cast out of the exclusive club of satellites that count as planets in our solar system, but the small dwarf planet still has a heart. That is to say, Pluto has an icy heart-shaped formation on its surface and beneath that heart, a new study suggests, there may be life.
  
  Read more

• Will Donald Trump Stop Illegal Immigration? Potential Homeland Security Cabinet Pick's Immigration Policies Under Scrutiny

  06-12-2016 19:25 via ibtimes.com
  
  Throughout the presidential campaign, Donald Trump struck a staunch tone against undocumented immigrants while remaining resolute over building a wall along the U.S.-Mexico border. But once the New York billionaire became the president-elect, his support for the massive construction project seemed to gradually dissolve into a more moderate stance of tightening border security and increasing fencing, much to his base's dismay.
  
  Read more

• MotusQB And The NFL: Wearable Tech Could Prevent Arm Injuries

  06-12-2016 19:22 via ibtimes.com
  
  TheMLB may have been the first major sports league to use Motus Global’s wearable sleeve to prevent injuries, but thewearable technology will soon be used by the NFL.
  
  Read more

• Christmas Movies On Netflix 2016: Over 30 Best Holiday Films To Watch In December

  06-12-2016 19:22 via ibtimes.com
  
  Thankfully for those battling winter weather, you don’t have to venture outside to get your holiday movie fix this Christmas. Netflix has dozens of holiday-themed titles just waiting for you to stream.
  As we get closer to Dec. 25, settle in and watch over 30 of these best Christmas movies:
  
  Read more

• Best Schools In The World: Singapore Leads, China Falls, While US, UK Still Trail In Education Testing

  06-12-2016 19:22 via ibtimes.com
  
  The United States still lags behind many countries in education, according the latest results from the Programme for International Student Assessment published Tuesday. Students in Singapore, meanwhile, were the best-performing in the world.
  
  Read more

• Wall Street flat as banks gain, utilities drag

  06-12-2016 19:17 via news.yahoo.com
  
  The S&P 500 financial index rose 0.43 percent, led by a 1.2 percent rise in Wells Fargo . The telecom services index was on track for its best day in two weeks, helped by gains in AT&T and Verizon . AT&T gave the biggest boost to the S&P 500, rising 1.3 percent after CEO Randall Stephenson told investors that the new streaming television service DirectTV Now has so far exceeded expectations.
  
  Read more

• A shift from yoga pants may leave Lululemon investors in a sweat

  06-12-2016 19:06 via news.yahoo.com
  
  Mutual funds that bought Lululemon Athletica's stock in recent months may find themselves in a cold sweat if the retailer's quarterly report on Wednesday shows strong signs that leggings and other yoga apparel are falling out of fashion. Mutual funds appear to have taken advantage of a 30 percent drop in Lululemon's stock since late August to buy. In the past quarter, 86 mutual funds became new owners of Lululemon stock, eclipsing the 58 funds that sold out, according to Morningstar.
  
  Read more

• Did ‘Little People Big World’ Star Matt Roloff Install Secret Cameras On Ex-Wife Amy Roloff’s Property?

  06-12-2016 18:45 via ibtimes.com
  
  Things are going to get rocky on the farm for exes Amy and Matt Roloff in Season 16 of TLC’s “Little People Big World.” A preview for an upcoming episode suggests that working together following their 2015 divorce won’t be easy.
  
  Read more

• ‘Fifty Shades Darker’ Movie Trailer Rumors Swirl On Twitter; When Is Second Promo Release Date?

  06-12-2016 18:37 via ibtimes.com
  
  Fans are anxiously awaiting the 2017 release of the “Fifty Shades of Grey” sequel “Fifty Shades Darker” but in the meantime, they will have to depend on trailers to hold them over until the premiere date. The latest trailer for the highly anticipated movie is rumored to be released on Friday.
  
  Read more

• How To Disable Comments On Instagram, Remove Followers In Latest Update

  06-12-2016 18:33 via ibtimes.com
  
  Instagramannounced three new features on Tuesday giving Instagram users more control over their accounts and how they interact with others on the service. Instagram users now have the ability to turn off comments on individual posts, remove followers with private accounts and support for comment liking.
  Being able to disable comments on Instagram is the biggest change.
  
  Read more

• When hiring a project manager, how important is direct industry or product experience?

  06-12-2016 18:24 via techrepublic.com
  
  Experience is something employers ask for in job postings, yet don't always get with candidates. We explore how important industry or product experience really is when it comes to project management.
  
  Read more

• October trade deficit is smallest since January

  06-12-2016 18:21 via cbc.ca
  
  The country's trade deficit narrowed to $1.1 billion in October, the smallest shortfall since January, after hitting a record high of $4.4 billion the previous month due to the import of a key component for a Newfoundland offshore oil project, Statistics Canada said Tuesday.
  
  Read more

• Alaska Air to get antitrust approval for Virgin deal soon: source

  06-12-2016 18:17 via news.yahoo.com
  
  Experts had previously said they expected Alaska to agree to give up its code-sharing agreement with Delta Air Lines Inc . "The Alaska-Delta code share will go away," said travel industry analyst Henry Harteveldt, citing conversations with sources at one of the airlines. The Justice Department also focused on Los Angeles International Airport, where both Alaska and American Airlines Group Inc have a large presence, but it was unclear if the Alaska-American code-share would be affected, said Hart
  
  Read more

• Wall Street flat as telecom gains fail to counter oil drop

  06-12-2016 18:16 via news.yahoo.com
  
  (Reuters) - U.S. stocks were little changed on Tuesday, as gains in telecom services were offset by losses in energy stocks following a drop in oil prices.
  
  Read more

• Grammys 2017 Predictions: Who Will Win Album Of The Year?

  06-12-2016 18:06 via ibtimes.com
  
  The nominations for the 2017 Grammys are finally here and feature the usual artists with a few surprises thrown in. As expected, Beyoncé leads all nominees with nine nominations including record of the year, album of the year and song of the year.
  
  Read more

• ‘Ink Master’ Season 8 Finale Live Stream 2016: How To Watch Online, Time, Channel And More

  06-12-2016 18:03 via ibtimes.com
  
  The winner of the Season 8 “Ink Master” finale could become the first female to win the reality tattoo competition. The possibly historic moment is slated to air Tuesday at 10 p.m. EST on Spike.
  For those who don’t have access to a television, click here to watch live stream footage online. Simply download the Spike app to iPhone or iPad to live stream the event. Android users can rejoice, too. The Spike app is available through Google play.
  
  Read more

• Who Will Win ‘Ink Master’ Season 8? Ryan, Kelly And Gian Tattoo In Live Finale

  06-12-2016 18:02 via ibtimes.com
  
  Season 8 could be the first time a female takes home the title of “Ink Master.” Season 8 was already historic with two women, Ryan and Kelly, making it to the finale three. For those who haven’t watched every episode, continue reading to find out more about the contestants.
  
  Read more

• Wells Fargo expects short term profit hit from interest rates rise: CEO

  06-12-2016 18:01 via news.yahoo.com
  
  The news may be somewhat surprising to investors, who have been bidding up shares of Wells Fargo and other banks in part because of the view that they are likely to benefit from rising interest rates. Speaking at an investor conference, Sloan said the bank will, however, benefit in the longer term from rising interest rates. While Sloan did not specify the size of the hedging losses, he pointed for comparison to a $379 million first quarter hedging gain because of interest rates and foreign curr
  
  Read more

• How Much Does Air Force One Cost To Make? Donald Trump Tells Boeing To Stop Building New Presidential Plane

  06-12-2016 18:00 via ibtimes.com
  
  President-elect Donald Trump's concern for government expenditures now extends to future officials travels for the commander in chief, even if he's not in the White House. The businessman-turned politician told the company building a new presidential plane to stop production if it would cost more than $4 billion.
  
  Read more

• TI Responds To Fake Tiny Cheating Confirmation With Cryptic Tweet

  06-12-2016 17:52 via ibtimes.com
  
  Rapper T.I. issued a cryptic tweet after a bogus Facebook post that supposedly came from his wife, VH1 reality star Tameka “Tiny” Harris, went viral Monday. T.I. took to Twitter to share his message.
  He posted an emoji of a crown to caption a quote. It read: “I hate when people assume s--- cause of something they’ve seen on social media. If you want to know ask, that way when you find out the truth you won’t look/feel like an a--.” The tweet was liked hundreds
  
  Read more

• Clinton, Trump Latest Popular Vote Election Results: As Jill Stein Leads Recount Efforts In Swing States, How Big Is Hillary's Lead?

  06-12-2016 17:46 via ibtimes.com
  
  Hillary Clinton, who lost the Electoral College to President-elect Donald Trump in November, extended her popular vote lead over her former challenger Tuesday to a tally that is far larger than any other election in history where the candidate who lost the election won in the popular vote.
  
  Read more

• Not 'As Seen on TV': Snuggie maker sues Amazon.com

  06-12-2016 17:45 via news.yahoo.com
  
  By Jonathan Stempel NEW YORK (Reuters) - Makers of the Snuggie blanket and other products sold mainly on TV have sued Amazon.com Inc , accusing the Internet retailer of trademark infringement for letting an "astronomical" number of counterfeit products to be sold through its website. The lawsuit was filed on Monday night by Allstar Marketing Group LLC, Ideavillage Products Corp and Ontel Products Corp, which respectively sell such products as the Snuggie, Copper Fit compression sleeves and Magic
  
  Read more

Follow @Business_Newsl on Twitter!