Business news

• Oil drop stymies Dow's march to 20,000; health stocks boost Nasdaq

  09-01-2017 22:40 via news.yahoo.com
  
  The Nasdaq notched a record high close, extending its bullish run with help from healthcare stocks. The S&P's energy sector dropped 1.5 percent as oil prices slid on concerns that rising Iraqi exports and U.S. output could dampen the impact of a deal among major producers to limit output. The S&P 500 benchmark has risen more than 6 percent since the Nov. 8 election of Donald Trump, who has pledged tax cuts, lighter regulation and fiscal stimulus, but investors are now waiting to see if h
  
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• Two faces of GM: Electric for the city, trucks for the heartland

  09-01-2017 22:20 via news.yahoo.com
  
  By Paul Lienert and Joseph White DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra says often that the auto industry will change more during the next decade than it has in the past half-century, as she highlights how GM will keep up. The automaker is also expanding the array of services available via the high-speed mobile internet connections embedded in millions of GM vehicles. For now and for years to come, GM will make money the way it did 60 years ago: By selling large vehicle
  
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• Blackstone ends talks for $5 billion Energy Transfer stake: Bloomberg

  09-01-2017 21:44 via news.yahoo.com
  
  (Reuters) - Private-equity firm Blackstone Group LP is no longer looking at buying a $5 billion stake in Energy Transfer Partners , Bloomberg reported on Monday, citing people familiar with the matter.
  
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• Auto executives, with eye on Trump, highlight U.S. investments

  09-01-2017 21:39 via news.yahoo.com
  
  Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico. Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Monday that uncertainty over Trump's trade and tax policies could lead automakers to delay investments in Mexico, and he confirmed plans to create 2,000 jobs at Fiat Chrysler's U.S. factories.
  
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• Oil drop stymies Dow's march to 20,000; Nasdaq boosted by health stocks

  09-01-2017 21:18 via news.yahoo.com
  
  (Reuters) - Declines in energy and financial stocks weighed on the S&P 500 on Monday and stalled the Dow's pursuit of the 20,000 milestone ahead of earnings season, while the Nasdaq hit a record intraday high.
  
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• Exclusive: Next Level Apparel challenges Gildan with bid for bankrupt American Apparel - source

  09-01-2017 21:13 via news.yahoo.com
  
  California-based apparel maker Next Level Apparel has submitted an offer to challenge a $66 million bid from Canadian apparel manufacturer Gildan Activewear Inc for bankrupt American Apparel LLC, a person familiar with the matter said Monday. American Apparel plans to ask a judge for approval on Jan. 12. American Apparel, in its second bankruptcy, is being sold in an auction that began Monday morning in New York.
  
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• Uber Movement gives urban planners access to data from 2 billion trips

  09-01-2017 21:11 via techrepublic.com
  
  In an effort to make city planning more efficient, Uber is opening up its data to urban planners through a new website called Movement.
  
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• Honda Canada plans $492M revamp of Alliston, Ont., facilities

  09-01-2017 20:58 via cbc.ca
  
  Federal Minister of Innovation Navdeep Bains and Ontario Minister of Economic Development Brad Duguid announce funding for Honda Canada at 4 p.m. ET. Watch it here live.
  
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• How to easily manage your device backups on Google Drive

  09-01-2017 20:45 via techrepublic.com
  
  Have you ever wanted to take control of your Android backups? If so, you're in luck as you can now manage those backups with the help of Google Drive. Here's how.
  
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• 10 ways mobile apps will change in 2017

  09-01-2017 20:29 via techrepublic.com
  
  Looking for more offline capability and simpler, more consumer-driven experiences? 2017 could bring you those things and more.
  
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• CES 2017: Microsoft is poised to take advantage of the next tech trend... whatever it is

  09-01-2017 20:04 via techrepublic.com
  
  As usual, CES 2017 revealed some fascinating products and technology--but the trick is figuring out which ones will be a hit. Microsoft is looking to play the field and come out ahead in the end.
  
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• U.S. charges Volkswagen executive with fraud over emissions scandal

  09-01-2017 19:42 via news.yahoo.com
  
  By David Shepardson DETROIT (Reuters) - Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions scandal and the automaker was accused of concealing the scandal from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office in Michigan, will make an initial appearance in U.S. District Court in Miami later on Monday, the Justice Department said.
  
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• St. Jude releases cyber updates for heart devices after U.S. probe

  09-01-2017 19:24 via news.yahoo.com
  
  Abbott Laboratories said on Monday it has begun releasing cyber security updates for its St. Jude heart devices some five months after the U.S. government launched a probe into claims they were vulnerable to potentially life-threatening hacks. Abbott announced the updates as the U.S. Food and Drug Administration issued a Safety Communication advising patients and physicians to keep using the company's implanted cardiac devices following the updates. The FDA confirmed claims that cyber "vulnerabi
  
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• Fiat Chrysler may end Mexico output if Trump tariff too high, says CEO

  09-01-2017 19:02 via cbc.ca
  
  Fiat Chrysler Automobiles chief executive Sergio Marchionne said on Monday that, if tariffs set in a Trump administration on vehicles made in Mexico and imported to the United States are too high, the company may end Mexican production.
  
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• Oil drop stymies Dow's march to 20,000; techs send Nasdaq to record

  09-01-2017 19:00 via news.yahoo.com
  
  (Reuters) - Declines in financial and energy companies weighed on Wall Street on Monday, stalling the Dow's pursuit of 20,000, while the Nasdaq hit a record intraday high on gains in technology stocks and a string of deals in the health sector.
  
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• Mercedes-Benz overtakes BMW to become largest premium carmaker

  09-01-2017 18:50 via news.yahoo.com
  
  Mercedes-Benz sales overtook BMW last year for the first time in more than a decade, a feat achieved, ironically, only after parent company Daimler stopped chasing market share and focused on making stylish high-tech cars. On Monday, Bavaria-based BMW said it sold 2,003,359 cars in 2016, less than the 2,083,888 by Stuttgart-based Mercedes. BMW had outsold Mercedes every year since 2005.
  
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• Alibaba tells Trump about U.S. store plan for China e-shoppers

  09-01-2017 18:34 via news.yahoo.com
  
  Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company's new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said. Alibaba Group Holding Ltd expects the initiative to create a million U.S. jobs as each company adds a position, company spokesman Bob Christie said in a phone call. Ma called Trump "smart" and "open-minded." He said the tw
  
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• Banks, oil stocks hinder Dow's pursuit of 20,000

  09-01-2017 17:39 via news.yahoo.com
  
  (Reuters) - Declines in bank and energy companies weighed on Wall Street on Monday, distancing the Dow from the 20,000 mark, while gains in technology stocks pushed the Nasdaq to a record intraday high.
  
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• Uber to help cities get a better grasp on traffic patterns

  09-01-2017 17:38 via cbc.ca
  
  Uber is offering a helping hand to some of the same city leaders it sometimes antagonizes with the aggressive way it runs its popular ride-hailing service.
  
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• Fiat Chrysler may end Mexico output if Trump tariff too high: CEO

  09-01-2017 17:35 via news.yahoo.com
  
  Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Monday that if tariffs set in a Trump administration on vehicles made in Mexico and imported to the United States are too high, the company may end Mexican production. "It is quite possible," Marchionne told reporters at the Detroit auto show, that "we would have to withdraw" from Mexican production if tariffs are too high. Trump earlier on Monday in a Twitter message thanked Fiat Chrysler and Ford Motor Co for announcements mad
  
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• CompTIA launches professional association to help fill skills gap in IT

  09-01-2017 17:34 via techrepublic.com
  
  Technology organization CompTIA recently announced that it is developing a professional association to help boost the IT workforce.
  
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• Bitcoin exchange operator pleads guilty in U.S. case tied to JPMorgan hack

  09-01-2017 17:25 via news.yahoo.com
  
  NEW YORK (Reuters) - A Florida man pleaded guilty on Monday to charges that he conspired to operate an illegal bitcoin exchange, one prosecutors say was owned by an Israeli who oversaw a computer hacking scheme that led to an attack on JPMorgan Chase & Co. Anthony Murgio, 33, entered his plea in federal court in Manhattan to three counts, including conspiracy to operate an unlicensed money transmitting business and conspiracy to commit bank fraud, a month before he was set to face trial. (Re
  
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• Volkswagen executives concealed diesel cheating: FBI court filing

  09-01-2017 17:09 via news.yahoo.com
  
  By David Shepardson DETROIT (Reuters) - Volkswagen (VW) executives decided to cover up cheating of U.S. emissions tests when they were told about it almost two months before the matter became a public scandal in 2015, according to a court filing by U.S. law enforcers seen by Reuters. Senior VW manager Oliver Schmidt, who is due to appear in court charged with defrauding the United States later on Monday, was one of those who informed executive management about the "existence, purpose and charact
  
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• Most companies expect 2017 to be better for them, Bank of Canada survey finds

  09-01-2017 17:04 via cbc.ca
  
  A new Bank of Canada poll suggests a greater number of Canadian firms expect to benefit from what they anticipate will be stronger post-election growth in the United States.
  
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• FDIC sues Bank of America over payment dispute

  09-01-2017 17:04 via news.yahoo.com
  
  (Reuters) - The U.S. Federal Deposit Insurance Corporation sued Bank of America Corp over $542 million in deposit insurance which it says the second-largest U.S. bank "refuses to pay," according to a complaint filed Monday in a U.S. district court.
  
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• How to turn a Word table cell into a picture placeholder

  09-01-2017 17:02 via techrepublic.com
  
  Limiting a picture to a specific size and position is as simple as resetting a few cell properties in a Word table.
  
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• How to properly configure Mac sound preferences

  09-01-2017 17:00 via techrepublic.com
  
  Users new to Macs don't need to sweat learning microphone, equalizer, and sound settings. Here's a quick tutorial describing each sound element's location and operation on a Mac.
  
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• Mars to buy pet healthcare provider VCA for $7.7 billion

  09-01-2017 16:53 via news.yahoo.com
  
  (Reuters) - Mars Inc is buying pet hospital operator VCA Inc for $7.7 billion in a deal that will tighten the Whiskas and Pedigree pet food maker's grip on the pet care market.
  
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• Trump praises Ford, Fiat Chrysler for U.S. investments

  09-01-2017 16:51 via news.yahoo.com
  
  By David Shepardson DETROIT (Reuters) - President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV on Monday for announcing new investments in the United States after he made U.S. auto production a key part of his campaign. Ford announced last week it would abandon plans to build a $1.6 billion plant in Mexico and would invest $700 million in a Michigan plant over four years, while Fiat Chrysler said Sunday it will invest $1 billion and add 2,000 jobs at plants in Ohio a
  
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• Exclusive: Airbus may post 8 percent rise in 2016 deliveries, narrow gap with Boeing

  09-01-2017 16:45 via news.yahoo.com
  
  Airbus is set to post an 8 percent rise in deliveries for 2016, beating expectations, after a sprint to the finish line that narrowed the gap with arch-rival Boeing, according to industry experts and records of aircraft movements. The European planemaker was forced to sharply accelerate deliveries in December to meet its target after production problems earlier in the year. The higher-than-expected Airbus performance, up from 635 in 2015, is also the latest evidence that planemakers are boosting
  
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• NASA tech allows humans to remote control Nissan's autonomous cars

  09-01-2017 15:49 via techrepublic.com
  
  At CES 2017, Nissan announced Seamless Autonomous Mobility (SAM), a system developed from NASA technology that pairs AI with human support to get autonomous cars on the road faster.
  
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• Supreme Court rejects Dow over $1 billion tax deduction claim

  09-01-2017 15:48 via news.yahoo.com
  
  The U.S. Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose. The lower courts agreed with the Internal Revenue Service that Dow did not deserve the tax benefits, and also imposed a 20 percent penalty for negligence and substantial understatement of taxes. Chemtech I was
  
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• Wall St. opens lower as energy stocks, Goldman weigh

  09-01-2017 15:36 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Monday as energy stocks were pulled down by a drop in oil prices, while a decline in Goldman Sachs moved the Dow Jones Industrial Average further from the historic 20,000 mark.
  
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• Trump praises Ford, Fiat for U.S. investments

  09-01-2017 15:32 via news.yahoo.com
  
  WASHINGTON (Reuters) - President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV for announcing new investments in the United States after he made U.S. auto production a key part of his campaign.
  
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• Massive ransomware attack takes out 27,000 MongoDB servers

  09-01-2017 15:21 via techrepublic.com
  
  A slew of MongoDB databases were recently wiped, with attackers demanding Bitcoin payment in exchange for the data, as tracked by Norwegian developer Niall Merrigan and ethical hacker Victor Gevers.
  
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• Mars to buy pet health care provider VCA for $7.7 billion

  09-01-2017 15:12 via news.yahoo.com
  
  (Reuters) - Mars Inc said it would buy VCA Inc for $7.7 billion, cementing the Whiskas and Pedigree pet food maker's position as the largest operator of pet hospitals in the United States. Candy maker Mars, also the largest pet food manufacturer in the world, said it would offer $93 for every share, a premium of 31.4 percent to VCA's Friday closing price. VCA shares were trading at $91 before the opening bell on Monday. Mars became the No. 1 pet food maker in 2014, after buying Procter & Gam
  
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• Don't expect Trump-style protectionism from Germany

  09-01-2017 15:08 via news.yahoo.com
  
  BERLIN/FRANKFURT (Reuters) - Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about hemorrhaging strategic technologies and will limit any changes. A more hostile German tone towards Chinese takeovers set in last year when Berlin actively, though unsuccessfully, sought to line up a European offer to counter a Chinese bid for industrial robot maker Kuka . The takeover of Kuka by Chine
  
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• With Alberta still in a slump, some oil industry players have an idea to get people back to work

  09-01-2017 15:00 via cbc.ca
  
  Two and a half years into the oil price downturn, Alberta is still in a rut, by most measures. Now some oilpatch players have a new idea to get people back to work, and they're looking for help from Ottawa.
  
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• The oilpatch's new pitch to Ottawa for help

  09-01-2017 15:00 via cbc.ca
  
  Two and a half years into the oil price downturn, Alberta is still in a rut, by most measures. Now some oilpatch players have a new idea to get people back to work, and they're looking for help from Ottawa.
  
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• Japan's Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal

  09-01-2017 14:37 via news.yahoo.com
  
  A U.S. Food and Drug Administration decision on its lung cancer treatment brigatinib, which is being touted as a potential blockbuster, is expected by April 29. Cancer treatment is a target for many large drugmakers, with high prices being paid for promising assets, such as Medivation, which was bought by Pfizer Inc for $14 billion. Takeda's negotiations to acquire Valeant Pharmaceuticals International Inc's Salix stomach-drug business have stalled over price disagreements, Reuters reported in N
  
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• Oil down on concerns rising U.S. production could dampen output cut deal

  09-01-2017 13:44 via news.yahoo.com
  
  By Karolin Schaps LONDON (Reuters) - Oil fell 2 percent on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market. U.S. crude futures were trading at $52.99 per barrel, down $1, or 1.9 percent, compared with a session low of $52.85. "We see the optimism surrounding OPEC and non-OPEC production cuts being counterbalanced by fears of higher U.S. crude production as the higher
  
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• VW executive to appear in Miami court over Dieselgate scandal

  09-01-2017 13:36 via news.yahoo.com
  
  Volkswagen executive Oliver Schmidt will appear in Federal Court in Miami, Florida, on Monday, a spokeswoman for the United States Attorney's office in Detroit said. The Federal Bureau of Investigation arrested Schmidt on charges of conspiracy to defraud the United States in connection with the automaker's emissions cheating scandal, a source briefed on the matter told Reuters on Monday. Schmidt headed the company's regulatory compliance office in the U.S. from 2014 to March 2015, and was arrest
  
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• Chrysler Pacifica named Detroit auto show's utility vehicle of the year

  09-01-2017 13:14 via cbc.ca
  
  The Chevrolet Bolt EV was named car of the year and the Windsor, Ont.-made Chrysler Pacifica was given utility vehicle of the year honours at the North American International Auto Show in Detroit.
  
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• Chrysler Pacifica, Chevy Bolt and Honda Ridgeline named vehicles of year at Detroit auto show

  09-01-2017 13:14 via cbc.ca
  
  The Chevrolet Bolt EV was named car of the year and the Windsor, Ont.-made Chrysler Pacifica was given utility vehicle of the year honours at the North American International Auto Show in Detroit.
  
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• Big China bitcoin exchange says no government pressure on outflows

  09-01-2017 13:04 via news.yahoo.com
  
  The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite a publicized meeting with the central bank last week the exchange, BTCC, hasn't been told explicitly to check capital outflows. Bitcoin's price took a steep dive on Friday after China's central bank cautioned investors to take a rational and careful approach to investing in the digital currency. The central bank's comments
  
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• Do you need to hire a chief integration officer?

  09-01-2017 13:00 via techrepublic.com
  
  As companies move to multi-cloud environments, some are considering adding chief integration officers to the C-suite. But experts say the job can often be done by the chief information officer.
  
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• 'AI as co-pilot': The state of autonomous driving, from the auto world's headquarters in Detroit

  09-01-2017 13:00 via techrepublic.com
  
  On Sunday, the 2017 North American International Auto Show kicked off with a talk by Waymo CEO John Krafcik, a panel on the state of autonomy from CNET's Roadshow, and more.
  
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• Data scientists: Use sophisticated readability strategies when developing AI chatbots

  09-01-2017 12:30 via techrepublic.com
  
  When working with AI chatbots and Natural Language Generation in data science solutions, don't try to outsmart customers. Your goal is to design a system that talks directly at their level.
  
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• 5 data security and privacy tips for iOS

  09-01-2017 12:00 via techrepublic.com
  
  Securing privacy and data on mobile devices is always a tricky proposition, but with the right combination of settings, apps, and care, iOS users can feel safer.
  
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• AccorHotels creates lifestyle division for boutique brands

  09-01-2017 11:42 via news.yahoo.com
  
  AccorHotels , Europe's largest hotel group, is creating a new lifestyle division to pool its fast-growing "boutique" hotel brands, the company said on Monday. From Feb. 1, Cedric Gobilliard will head the division, which comprises the Jo&Joe youth hostel brand and AccorHotels' stakes in Germany's 25hours Hotels and France's MamaShelter brands. Leading hotel operators such as AccorHotels and rivals Marriott , Hilton and InterContinental are focusing increasingly on millennials, whom they expec
  
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