Business news

• Apple EU Tax Ruling: Ireland Appeals Requirement To Collect Nearly $13.5 Billion In Taxes

  19-12-2016 23:54 via ibtimes.com
  
  Months after the European Union (EU) leveled Apple with a fine for unpaid taxes, the country that has become the iPhone maker’s overseas tax shelter is pushing back against a requirement to collect taxes from Apple, according to areport from the Guardian.
  
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• Totten, Largest Glacier in Antarctica is Melting Because of Warm Ocean Water

  19-12-2016 23:50 via ibtimes.com
  
  Totten, East Antarctica’s largest glacier is melting from below, scientistsconfirmed in a study.
  Scientists say the unusual heat in the ocean is flooding into the bottom of the ice sheet at a rate of 220,000 cubic meters per second. The flooding waters is causing the glacier to lose between 63 and 80 billion tons of its ice to the ocean annually, and to lose about 10 meters (32 feet) of thickness per year.
  
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• Carl Sagan Death Day 2016: Quotes From Astronomer On The Anniversary Of His Death

  19-12-2016 23:50 via ibtimes.com
  
  Famed astronomer Carl Sagan frequently remindedpeople the universe, in spite of humankind’s propensity to believe that everything revolves in some way around the unfolding dramas of the day, isn’t really about them.
  
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• Exclusive: U.S. proposed $5 billion - 7 billion penalty on Credit Suisse on toxic debt - source

  19-12-2016 23:41 via news.yahoo.com
  
  ZURICH/NEW YORK (Reuters) - The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount. "Credit Suisse is confident of reaching a better solution," said the second person. In a sign that negotiations may be reaching their final stages, U.S. Attorney General
  
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• Winter Solstice 2016: 3 Things To Know About Rituals, Celebration Of Pagan Yule, Shortest Day Of The Year

  19-12-2016 23:29 via ibtimes.com
  
  For many who are already sick of long nights and wondering when the sun is going to start making a longer appearance in their lives, hope is right around the corner. Winter solstice will occur on Wednesday, marking the shortest day of the year in the Northern Hemisphere, the moment when the North Pole is tilted furthest away from the sun – 23.5 degrees, to be precise. For 2016, the exact moment falls at 5.44 a.m. EST, Dec. 21.
  
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• U.S. charges Platinum Partners execs with $1 billion fraud

  19-12-2016 23:28 via news.yahoo.com
  
  By Nate Raymond and Lawrence Delevingne NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns -- about 17 percent annually in its largest fund -- by taking an unusually aggressive approach t
  
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• Last-Minute Holiday Sales 2016: Deals From Best Buy, Macy’s, Walmart And More

  19-12-2016 23:26 via ibtimes.com
  
  It’s officially time for the holiday panic to set in. With Christmas less than a week away, you might be hard-pressed to obtain a last-minute gift in time for the holidays.
  While many brands are offering same-day or next-day shipping, prices could still add up to at least $10 more on top of your gift price. Thankfully, a few stores are still rolling out some last-minute holiday sales this week, so the price reductions should help with any rush shipping and delivery costs. Here are five ret
  
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• South Carolina Porn Ban: State Proposes Requiring Porn Filter, Charing Fee To Remove It

  19-12-2016 22:47 via ibtimes.com
  
  Anew bill in South Carolina would require all computers, tablets and smartphones sold in the state to come with a porn filter installed and demand device owners to pay a $20 fee to remove the content blocker.
  
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• Who Will Be The Next Fed Chair? A List Of Trump's Likely Yellen Replacements And Other Fed Board Members

  19-12-2016 22:39 via ibtimes.com
  
  Federal Reserve Board Chair Janet Yellen’s term wraps up in February 2018, at which time President-elect Donald Trump is likely to choose a new central bank leader.
  
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• BlackBerry QNX shifting gears with new autonomous vehicle innovation center in Canada

  19-12-2016 22:39 via techrepublic.com
  
  A new innovation center will work on engineering projects for connected cars. BlackBerry QNX will also be testing autonomous vehicles on Ontario roads as part of a pilot program.
  
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• Emile Hirsch Movies 2016: Actor Talks ‘The Autopsy Of Jane Doe’ And His Love For Scary Movies

  19-12-2016 22:22 via ibtimes.com
  
  Emile Hirsch loves scary movies, it’s one of the reasons he decided to take the role in “The Autopsy of Jane Doe,” a horror movie directed by André Øvredal. Playing a coroner fascinator the actor, who is arguably best known for his stint in 2007’s “Into The Wild.”
  
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• Wall Street extends rally but Germany truck deaths reduce gains

  19-12-2016 22:19 via news.yahoo.com
  
  All three major U.S. indexes ended higher but lost some steam after German police said a truck ran into a crowded Christmas market in Berlin, killing nine people and injuring up to 50 others. The S&P technology index rose 0.61 percent, with Microsoft, Intel, Apple and Amazon.com lifting the Nasdaq Composite to within a hair of last Tuesday's record high close. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising nearly 6 percent on bets that Preside
  
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• The end of passwords? Not in the near future

  19-12-2016 22:16 via techrepublic.com
  
  The media has proclaimed the password is dead and that a new solution is a must. Jack Wallen explains why he doesn't think we're even close to ready for such a change.
  
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• AirPods Reviews Show Apple's Wireless Earbuds To Be Well-Received

  19-12-2016 22:12 via ibtimes.com
  
  Afterweeks of delays, the wireless earbuds Apple hyped up during its iPhone 7 event are finallyavailable for purchase. Despite all the trouble, early reviews of the AirPods suggest they were worth the wait after all.
  
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• Geopolitical turmoil keeps Wall Street in check

  19-12-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks extended a recent rally on Monday but finished the session short of earlier gains after several people were killed by a truck driven into a Christmas market in Germany.
  
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• New Facebook Messengers Update Rolls Out Video Group Chat Feature, 3D Snapchat-Like Masks

  19-12-2016 22:01 via ibtimes.com
  
  You can now start a video group chat with Facebook Messenger and try out new 3D masks with the app’s 100.0 update, it wasannounced Monday.
  
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• Boeing airplane unit to cut more jobs in 2017

  19-12-2016 21:59 via news.yahoo.com
  
  By Alwyn Scott SEATTLE (Reuters) - Boeing Co's commercial airplanes unit said on Monday it would cut more jobs in 2017 after slashing the workforce by 8 percent in 2016 as it battles to sell planes. Boeing said last week that it would cut 777 production to five a month in August 2017, a 40 percent reduction from the current rate of 8.3 a month, because of slow sales. Boeing did not say how many job it will cut next year, noting it is still finalizing its 2017 budget and employment needs.
  
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• Recreational Marijuana In Maine: Opponents Call Off Recount Of Legal Drug Measure

  19-12-2016 21:51 via ibtimes.com
  
  The group opposing a voter-approved ballot measure legalizing recreational marijuana in Maine dropped its recount request after about a fifth of the state's 760,000 ballots already had been re-examined. Representatives from the No on 1 campaign decided to abandon the Question 1 recount Saturday, reports said.
  
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• Exclusive: U.S. proposed $5-7 billion penalty for Credit Suisse on toxic debt - source

  19-12-2016 21:50 via news.yahoo.com
  
  By Joshua Franklin, Oliver Hirt and Karen Freifeld ZURICH/NEW YORK (Reuters) - The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount. "Credit Suisse is confident of reaching a better solution," said the person with knowledge of the discussions. In a sig
  
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• Who Is Archduke Franz Ferdinand? Assassination Of Russian Ambassador To Turkey Compared To Event That Sparked World War I

  19-12-2016 21:49 via ibtimes.com
  
  The Russian ambassador to Turkey was shot dead in the Turkish capital Ankara on Monday, sparking immediate fears of a diplomatic crisis and some even to compare it to the event that led to World War I. Archduke Franz Ferdinand, the heir to the throne of the Austro-Hungarian Empire, was assassinated by a Serbian nationalist in Sarajevo, Bosnia, in June 1914.
  
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• Why These 10 Money-Management Apps Are Good For Millennials’ Fintech Future [Opinion]

  19-12-2016 21:40 via ibtimes.com
  
  When it comes to money management, millennials are the black sheep of the financial family.
  
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• Fed approves rule requiring banks to publicly disclose liquid assets

  19-12-2016 21:23 via news.yahoo.com
  
  The Federal Reserve on Monday finalized a rule requiring big banks to disclose certain liquidity measures for the first time, as part of an effort to make sure they can cover large or rapid withdrawals. Notably, banks will have to post each quarter the ratio comparing their assets that can quickly be converted to cash to their expected cash outflows during a time of financial stress. Deadlines for banks to comply with the new requirement range from April 2017 through Oct. 18, the Fed said.
  
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• Video: Top 5 reasons why smartwatches could still catch on

  19-12-2016 21:22 via techrepublic.com
  
  Some say the smartwatch market is in decline, but here are five reasons why Tom Merritt thinks it still has a chance.
  
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• Apple appeals against EU tax ruling, Brussels says no cause for low tax bill

  19-12-2016 20:25 via news.yahoo.com
  
  By Julia Fioretti BRUSSELS (Reuters) - Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies. The tech giant's combative stand -- its lead lawyer told Reuters that Apple was a "convenient target" for an EU antitrust chief driven by "headlines" -- underlined its anger with the European Commission, which it says ignored evidence fr
  
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• Boeing's commercial jets unit to cut jobs in 2017

  19-12-2016 20:19 via news.yahoo.com
  
  (Reuters) - Boeing Co's commercial airplanes unit said on Monday it would reduce its workforce in 2017, adding to the about 8 percent jobs the company has cut since the beginning of 2016. The company is offering a voluntary layoff program in early 2017, adding that involuntary layoffs may occur in some cases, Boeing Commercial Airplanes (BCA) said in an internal memo. Boeing said last week that it would cut production of its twin-aisle 777 jetliner to five a month in August 2017, a 40 percent re
  
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• 'My computer is slow': 5 quick tips for troubleshooting friends and family over the holidays

  19-12-2016 20:08 via techrepublic.com
  
  Do you end up as tech support for relatives and others over the holidays? Here are five quick tips to help you resolve their speed problems.
  
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• Fed's Yellen trumpets education in changing economy

  19-12-2016 19:36 via news.yahoo.com
  
  Changing technologies and globalization have put a premium on completing a college education in order to get and keep higher-paying jobs, Federal Reserve Chair Janet Yellen said on Monday. "The drivers of this increasing demand for those with college and graduate degrees are likely to continue to be important," Yellen said in prepared remarks to a University of Baltimore commencement ceremony at which she was due to receive an honorary degree. In her speech, Yellen said that technology had allow
  
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• Visualizing the Russian cyberattack

  19-12-2016 19:23 via techrepublic.com
  
  Cybersecurity experts explain how the data breach happened, and Twitter chatter reveals what competing social media factions are saying about the election hack.
  
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• Wall Street trims gains; Yellen speech awaited

  19-12-2016 19:06 via news.yahoo.com
  
  U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on bets that President-elect Donald Trump's expected deregulation and infrastructure spending will boost the economy.
  
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• U.S. charges Platinum Partners executives with $1 billion fraud

  19-12-2016 18:45 via news.yahoo.com
  
  By Nate Raymond and Lawrence Delevingne NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Platinum, led by Mark Nordlicht, for years was known for producing exceptionally high and consistent returns by taking an usually aggressive approach to investing and fund ma
  
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• GM says will shut five U.S. plants in January to adjust supply

  19-12-2016 18:20 via news.yahoo.com
  
  General Motors Co will shut five U.S. auto assembly plants for varying durations in January, primarily to cut oversupply of sedans which have fallen out of favor among U.S. consumers. GM confirmed on Monday information from sources at the United Auto Workers union who said that the five plants will shut. GM had built up inventory recently and will be cutting back on that supply after the end of the current year.
  
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• Extreme Networks named official Wi-Fi and analytics provider for Super Bowl 51

  19-12-2016 17:38 via techrepublic.com
  
  Data usage at Super Bowl 51 at NRG Stadium in Houston is expected to shatter records, and Verizon fans will get priority Wi-Fi and cellular service during the game with Verizon providing the neutral host DAS network.
  
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• Tech stocks drive Wall Street higher

  19-12-2016 17:34 via news.yahoo.com
  
  Microsoft , Amazon and Apple were up between 1-1.8 percent, providing the biggest boost to the Nasdaq and the S&P 500. "Traditionally, as you head into the week before Christmas, you see volumes slow down and a somewhat trendless market as people begin to position their portfolios for next year," said Matt Jones, U.S. head of equity strategy at J.P. Morgan Private Bank in New York. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on
  
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• 7 autonomous vehicle partnerships that will shape the future

  19-12-2016 17:34 via techrepublic.com
  
  From Uber's purchase of Otto to Intel, Mobileye, and Delphi teaming up on autonomous tech, partnerships are defining the driverless vehicles of the future.
  
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• How to create and update Outlook contact groups the easy way

  19-12-2016 17:22 via techrepublic.com
  
  If you create or update contact groups, you'll benefit from this simple grouping trick that lets you work with multiple contacts as if they were one.
  
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• WPP receives U.S. subpoenas over video production practices

  19-12-2016 17:14 via news.yahoo.com
  
  WPP , the world's largest advertising agency, said on Monday that three of its subsidiaries had received subpoenas from the U.S. Department of Justice as part of an investigation into video production practices in the advertising industry. Run by the high-profile British businessman Martin Sorrell, WPP said that both the group and its subsidiaries were fully cooperating with the enquiries. The DoJ's antitrust division has been investigating whether advertising agencies rigged bids to favor their
  
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• Exclusive: Iran to get first Airbus jet within weeks under sanctions pact

  19-12-2016 17:13 via news.yahoo.com
  
  Iran expects to get its first new jet within weeks under a multi-billion-dollar deal with Airbus for 100 planes, a senior official said on Monday, as Tehran and Western firms race to reopen trade almost a year after sanctions were lifted. The first of the Airbus jets should be delivered in mid-January, part of plans to buy or lease 200 planes to renew IranAir's decaying fleet, against a backdrop of conservative criticism in Washington and Tehran of last year's international deal to allow such bu
  
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• The Drippler Wiz chatbot is a great idea with serious possibility

  19-12-2016 17:05 via techrepublic.com
  
  Jack Wallen believes that Drippler's Tech Wizard chatbot is onto something and feels other companies should follow suite.
  
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• Volkswagen Canada reaches deal to compensate customers affected by emissions scandal

  19-12-2016 16:58 via cbc.ca
  
  Volkswagen Canada has reached a proposed deal to compensate about 105,000 Canadian vehicle owners affected by an emissions scandal that rocked the company.
  
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• Volkswagen Canada reaches deal to compensate car owners affected by emissions scandal

  19-12-2016 16:58 via cbc.ca
  
  Volkswagen Canada has reached a deal to compensate about 105,000 Canadian vehicle owners affected by an emissions scandal that rocked the company.
  
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• Murdoch denies pressuring UK prime ministers ahead of Sky submission

  19-12-2016 16:54 via news.yahoo.com
  
  Rupert Murdoch said on Monday he had never asked a British prime minister for anything, seeking to play down his influence ahead of what is likely to be a politically charged approval process for his $14.6 billion bid for pay-TV group Sky . The 85-year-old's Twenty-First Century Fox made a formal approach to take full control of the British-based Sky last week, reigniting a row over whether the media mogul controls too much of Britain's media and had too much sway over politicians. Murdoch's pre
  
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• The Best Card for Your Credit Style

  19-12-2016 16:50 via portal.kiplinger.com
  
  Zero in on the best card by figuring out how you handle credit.
  
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• Bosch expected to settle U.S. Volkswagen diesel claims for $300 million: source

  19-12-2016 16:48 via news.yahoo.com
  
  German auto supplier Robert Bosch GmbH [ROBG.UL] is expected to settle a lawsuit filed by U.S. owners related to the Volkswagen pollution scandal for more than $300 million, a source briefed on the matter said on Monday. Diesel car owners sued Bosch in 2015 claiming the company helped design secret "defeat device" software that allowed VW to evade U.S. emissions rules. Bosch was a "knowing and active participant" in Volkswagen's decade-long scheme, the lawsuit claimed.
  
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• Deutsche Bank could settle U.S. penalty this week - source

  19-12-2016 16:33 via news.yahoo.com
  
  By Andreas Kröner and Karen Freifeld FRANKFURT/NEW YORK (Reuters) - Deutsche Bank  could this week agree a penalty with the U.S. Department of Justice over the sale of toxic mortgage debt, one person with direct knowledge of the matter said on Monday. The penalty stems from a 2012 initiative launched by U.S. President Barack Obama, a Democrat, to penalize banks for allegedly selling sub-prime debt while misleading investors about the risks, a practice that contributed to the worst econ
  
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• WPP receives U.S. DoJ subpoenas over video production practices

  19-12-2016 16:31 via news.yahoo.com
  
  LONDON (Reuters) - WPP , the world's largest advertising agency, said on Monday that three of its subsidiaries had received subpoenas from the U.S. Department of Justice as part of an investigation into video production practices in the industry.
  
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• U.S. charges Platinum Partners founder, others with $1 billion fraud

  19-12-2016 16:08 via news.yahoo.com
  
  By Nate Raymond NEW YORK (Reuters) - The founder of New York-based hedge fund Platinum Partners was arrested on Monday as prosecutors unveiled an indictment charging him and six others with participating in an approximately $1 billion fraud. Mark Nordlicht, Platinum's founding partner and chief investment officer, was taken into custody at his New Rochelle, New York, home in connection with charges contained in an indictment filed in federal court in Brooklyn. Others arrested included David Levy
  
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• IMF's Lagarde guilty, but not punished, in French negligence trial

  19-12-2016 15:58 via news.yahoo.com
  
  By Chine Labbé PARIS (Reuters) - French judges found IMF chief Christine Lagarde guilty of negligence on Monday for failing to challenge a state arbitration payout to a business tycoon in 2008 when she was French finance minister, but they did not punish her. "The context of the global financial crisis in which Madame Lagarde found herself in should be taken into account," said Martine Ract Madoux, the main judge, in explaining the absence of any sentence. In their ruling, the judges did
  
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• MDT: How to automate deployments using Bootstrap.ini

  19-12-2016 15:49 via techrepublic.com
  
  The Microsoft Deployment Toolkit offers advanced settings that allow you to automate the deployment process, beginning with the Bootstrap.ini configuration.
  
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• Wall Street opens little changed; Yellen in focus

  19-12-2016 15:46 via news.yahoo.com
  
  U.S. stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares and news that a Chinese Navy warship seized a U.S. underwater drone. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on bets that President-elect Donald Trump's expected deregulation and infrastructure spending will boost the economy.
  
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• IMF head Christine Lagarde found guilty in French negligence court case

  19-12-2016 15:30 via cbc.ca
  
  The head of the International Monetary Fund, Christine Lagarde, has been found guilty of one count of negligence by a French court.
  
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