Business news

• Uber CEO quits Trump's business advisory group amid immigration ban backlash

  02-02-2017 23:57 via cbc.ca
  
  Uber Technologies Inc. chief executive officer Travis Kalanick quit U.S. President Donald Trump's business advisory group, he said in a company email reviewed by Reuters Thursday.
  
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• Uber CEO quits Trump's business advisory group

  02-02-2017 23:42 via news.yahoo.com
  
  By Heather Somerville and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) - Uber Technologies Inc Chief Executive Officer Travis Kalanick has quit President Donald Trump's business advisory group after coming under criticism for taking part, the company said on Thursday. The CEO of the ride hailing service had been under mounting pressure from activists who oppose the administration's immigration policies, including Uber drivers, many of whom are immigrants themselves. ...
  
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• Snap Inc., owner of Snapchat, files for $3B US IPO

  02-02-2017 23:38 via cbc.ca
  
  Snap Inc., owner of popular messaging service Snapchat, made many of its financial details public for the first time on Thursday as it prepared to raise up to $3 billion US in an initial public offering.
  
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• What US Intelligence Agency Just Made Its Budget Secret? FOIA Request Denied By Obama Executive Order

  02-02-2017 23:32 via ibtimes.com
  
  One of the lesser known U.S. intelligence agencies altered its transparency policies by making its budget records classified and switching previously “releasable” material like unclassified budget information to classified material, according to a blog post by the Federation of American Scientists (FAS).
  
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• Did Delete Uber Work? CEO Leaves Trump Business Council Following Immigration Executive Order Backlash

  02-02-2017 23:28 via ibtimes.com
  
  Uber CEO Travis Kalanick will leave President Donald Trump’s economic advisory council after facing criticism tied to the administration's immigration executive order.
  TheNew York Times'  Mike Issac shared a note Kalanick sent to Uber employees about his decision. “Joining the group was not meant to be an endorsement of the president or his agenda but unfortunately it has been misinterpreted to be exactly that.” Kalanick wrote.
  
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• Facebook vulnerable to expected changes in key visa program

  02-02-2017 23:24 via news.yahoo.com
  
  By Stephen Nellis and Mica Rosenberg SAN FRANCISCO/ WASHINGTON (Reuters) - Among Silicon Valley’s top tech employers, Facebook Inc could be the most vulnerable to U.S. President Donald Trump’s expected crackdown on guest-worker visas, according to a Reuters analysis of U.S. Labor Department filings. More than 15 percent of Facebook's U.S. employees in 2016 used a temporary work visa, giving the social media leader a legal classification as a H-1B “dependent” company.
  
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• Donald Trump White House Dress Code Policy? Female Staffers Must ‘Dress Like Women,’ President Says

  02-02-2017 23:11 via ibtimes.com
  
  As the president and former owner of beauty pageants, Donald Trump is known to be very critical of one’s physical appearances, and he has taken that trait with him into the White House. In a new report released Thursday, Trump said male staffers are to wear ties and women must “dress like women,” unnamed sources told Axios.
  
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• GE, Boeing, Oracle form coalition to support Republican border tax

  02-02-2017 23:08 via news.yahoo.com
  
  The group, comprised of more than 25 U.S. companies and dubbed the "American Made Coalition," also includes Dow Chemical Co , Eli Lilly and Co , Pfizer Inc , and Oracle Corp, the companies confirmed. The group's launch underscored a growing division in corporate America over the House Republican proposal that would cut corporate income tax to 20 percent from 35 percent, exclude export revenue from taxable income and impose the 20 percent tax on imports.
  
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• Snap makes $3 billion IPO details public

  02-02-2017 23:03 via news.yahoo.com
  
  (Reuters) - Snap Inc, owner of popular messaging service Snapchat, made many of its financial details public for the first time on Thursday as it prepared to raise up to $3 billion in an initial public offering.
  
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• Amgen fourth quarter profit tops Street view, but 2017 outlook light

  02-02-2017 23:03 via news.yahoo.com
  
  (Reuters) - Amgen Inc on Thursday posted a higher-than-expected fourth-quarter profit, helped by a jump in sales of its Enbrel rheumatoid arthritis drug, but it issued a 2017 sales and earnings forecast range below current Wall Street estimates. The company also announced that its Repatha cholesterol drug reduced the risk of heart attacks, strokes and cardiac death in a huge, long-awaited study of patients with heart disease, sending its shares up 4 percent to $166. The positive heart data is se
  
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• Amazon forecasts lower operating income, shares dip

  02-02-2017 22:57 via news.yahoo.com
  
  Amazon.com Inc forecast a greater-than-expected dip in operating income for the current quarter, a sign of its dedication to building expensive new warehouses and creating video content. The world's largest online retailer also reported lower-than-expected fourth-quarter revenue and missed Wall Street targets for its closely watched cloud computing unit, sending its shares down more than 4 percent in extended trading on Thursday. Key to its plan is to entice sign-ups for Amazon Prime, its $99-pe
  
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• Russia Sanctions: Treasury Department Makes Changes To Allow Exports Of US Tech Products

  02-02-2017 22:53 via ibtimes.com
  
  The U.S. Treasury Department has modified sanctions against the Kremlin and will allow American tech companies to export products to Russia,it announced Thursday.
  
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• Visa's profit, revenue tops estimates on payment volume growth

  02-02-2017 22:48 via news.yahoo.com
  
  (Reuters) - Visa Inc , the world's largest payments network operator, reported better-than-expected quarterly profit and revenue due to higher payment volume growth and cross-border volumes, sending the company's shares up 3 percent in extended trading. The company's total payments volume rose 39 percent to $1.8 trillion on a constant dollar basis in the first quarter, far exceeding the 11 percent growth in the year-ago quarter. Visa's cross-border volumes rose 140 percent on a constant dollar b
  
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• Infrastructure Bill News: Republican FCC Commissioner Opposes Subsidies For Expanding High Speed Internet

  02-02-2017 22:38 via ibtimes.com
  
  As politicians on Capitol Hill debate what should be in a potential infrastructure bill, Republican Federal Communications Commission member Michael O’Rielly is advising against federal spending on broadband subsidies to expand high speed internet.
  In ablog post published Wednesday, commissioner O’Rielly argued broadband deployment in the United States is already adequate and there is no need to incentivize further expansion through government subsidies.
  
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• College Rape: University Of California, Santa Cruz Reaches $1.15 Million Settlement After Sexual Assault Allegations Against Professor

  02-02-2017 22:37 via ibtimes.com
  
  A former University of California, Santa Cruz student was rewarded a $1.15 million settlement Tuesday by after claiming she was raped by one of the school’s professors. It is reportedly one of the largest Title IX settlements ever recorded due to the fact that administrators failed to address previous allegations of sexual violence from the same professor.
  
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• Wall Street stalls as market, Trump priorities diverge

  02-02-2017 22:34 via news.yahoo.com
  
  U.S. stocks ended little changed on Thursday as the recent rally continued to stall following President Donald Trump's latest comments on trade and the policies he will pursue. The S&P 500 traded at levels it was six weeks ago, losing steam as investors focus on Trump's priorities, such as restricting travel to the United States and rewriting trade deals. Markets had run up sharply following Trump's Nov. 8 election win on the expectation that tax cuts, deregulation and a fiscal stimulus woul
  
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• Microsoft asks for exception program on Trump immigration orders

  02-02-2017 22:26 via news.yahoo.com
  
  Microsoft Corp on Thursday said it proposed a program to U.S. President Donald Trump's administration allowing people from seven predominantly Muslim nations to enter and leave the United States on business or family emergency travel if they hold valid work or student visas and have not committed any crimes. In a letter to Secretary of Homeland Security John Kelly and Secretary of State Rex Tillerson, Microsoft President Brad Smith outlined a program for case-by-case review of exceptions to a tr
  
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• Iran Sanctions Update: Will Trump Administration Impose New Sanctions Over Weekend Missile Launch

  02-02-2017 22:22 via ibtimes.com
  
  One day after the Trump administration put Iran “on notice” following a ballistic missile test, the administration reportedly was poised Thursday to impose new sanctions on the Islamic Republic.
  Quoting a source, Reuters reported eight Iranian entities would be targeted for terrorism-related activities and 17 for activities related to ballistic missiles. The sanctions were said to have been in the works for some time, and Sunday’s missile test convinced President Donald Trump t
  
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• How to become an Alexa developer: The smart person's guide

  02-02-2017 22:20 via techrepublic.com
  
  Alexa has evolved beyond the Amazon Echo into one of the hottest new platforms in tech. Learn how developers and businesses can leverage the technology.
  
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• Is Nina Dobrev Teasing A ‘Vampire Diaries’ Reunion With David Anders And Kayla Ewell?

  02-02-2017 22:12 via ibtimes.com
  
  Nina Dobrev seems to be having a blast with old friends while filming the “Vampire Diaries” series finale. The actress went on Twitter to show that she has happily reunited with former stars of the series.
  On Thursday, the “xXx: Return of Xander Cage” star tweeted a photo of herself with David Anders and Kayla Ewell. The actors played John Gilbert, Elena’s biological dad, and Vicki Donovan, Matt’s sister. Both characters were killed off in early seasons of the
  
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• Prison Conditions In The US: Delaware Riot Blamed On Trump, Overcrowding And Programs For Inmates

  02-02-2017 22:06 via ibtimes.com
  
  The hostage standoff that left one corrections employee dead at a Delaware prison ended Thursday morning, hours after inmates used “sharp instruments” to assume control, the Associated Press reported. Police were ultimately able to breach the James T. Vaughn Correction Center in Smyrna, about 40 miles south of Wilmington.
  
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• Super Bowl 2017 Ratings: How Many People Will Watch The New England Patriots vs. Atlanta Falcons?

  02-02-2017 21:52 via ibtimes.com
  
  The Super Bowl is always the most-watched TV event of the year, and that will almost certainly be the case again in 2017. The New England Patriots play the Atlanta Falcons in Super Bowl LI Sunday, and well over 100 million people are expected to watch.
  The Super Bowl first surpassed 100 million viewers in 2010 when the New Orleans Saints beat the Indianapolis Colts. Each NFL championship game since then has done the same, though the exact number fluctuates every year.
  Exactly how many peopl
  
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• NAFTA Under Trump: Trade Agreement Is A 'Catastrophe' For American Jobs, President Says

  02-02-2017 21:44 via ibtimes.com
  
  President Donald Trump said Thursday he had “serious concerns about the North American Free Trade Agreement (NAFTA),” but was indifferent whether the trade agreement between Canada, Mexico and the U.S. should be “changed” or “renegotiated entirely.”
  Addressing senators at a meeting in the White House, Trump asserted the trade deal, signed into law by President Bill Clinton in 1994, was a “catastrophe” for Americans jobs and workers.
  
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• Super Bowl 2017: 5 Outfits For Women Rooting For The Patriots Or Falcons

  02-02-2017 21:37 via ibtimes.com
  
  Super Bowl LI is finally here, and it’s time to show your team spirit! There are plenty of game day outfits for women. Whether you’re planning ahead or figuring this out on Sunday morning, there are plenty of ways to dress for Super Bowl success that involve more than the standard jersey. 
  
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• Anti-Semitic Incidents At Record High In UK: Trump, Brexit To Blame, Says Police Chief

  02-02-2017 21:37 via ibtimes.com
  
  The number of anti-Semitic incidents in the United Kingdom increased by more than a third in 2016 to reach record high levels, according to data released Thursday by a leading Jewish charity. The man who leads the policing of Jewish communities has linked the increase to a range of both local and global factors, including both Brexit and the recent election of Donald Trump as president of the United States.
  
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• January home sales in Vancouver off by almost 40%

  02-02-2017 21:28 via cbc.ca
  
  Home sales in Metro Vancouver last month dropped by almost 40 per cent from the year before with the sale of detached houses falling hardest.
  
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• Revolt Against Trump? Federal Workers Hold Secret Meetings, Use Encryption To Express Dissent

  02-02-2017 21:24 via ibtimes.com
  
  Federal workers found clandestine ways to communicate without being monitored by President Donald Trump or his administration through personal email addresses, encrypted messaging apps and another method that may seem archaic: privately meeting face-to-face.
  
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• How to view and control Wi-Fi data usage on Android

  02-02-2017 21:18 via techrepublic.com
  
  Learn how to figure out which apps are gobbling up Wi-Fi data on your Android devices.
  
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• Super Bowl 2017 Prediction: 3 Reasons The Atlanta Falcons Will Beat The New England Patriots

  02-02-2017 21:14 via ibtimes.com
  
  The Atlanta Falcons face a tall order in Super Bowl LI, taking on one of the greatest dynasties in sports history. But despite being underdogs against the New England Patriots Sunday, the NFC South champions have a real chance to pull off the upset and win their first title in franchise history.
  
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• New York court approves Verizon settlement over 'merger tax' objections

  02-02-2017 21:13 via news.yahoo.com
  
  By Jonathan Stempel NEW YORK (Reuters) - A New York state appeals court on Thursday said its door remains open for settlements of merger litigation where shareholders receive no money, approving an accord tied to Verizon Communications Inc's $130 billion buyout of Vodafone Group Plc's stake in their Verizon Wireless venture. The Appellate Division, First Department in Manhattan said a lower court judge erred in rejecting a class-action settlement requiring Verizon to disclose more information to
  
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• U.S. airline CEOs ask to meet with Tillerson on Gulf carriers

  02-02-2017 21:09 via news.yahoo.com
  
  NEW YORK (Reuters) - The CEO's of the three largest U.S. airlines have asked to meet with Secretary of State Rex Tillerson to discuss allegations that Gulf-state subsidies are allowing Emirates, Etihad Airways and Qatar Airways to expand rapidly, drive down prices and crowd out competition on key routes - accusations those carriers deny.
  
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• Can Queen Elizabeth Legally Kill Donald Trump? Monarch May Be Above The Law In UK Courts

  02-02-2017 21:07 via ibtimes.com
  
  A report surfaced Tuesday claiming that Queen Elizabeth II confirmed she would be able to slay President Donald Trump with impunity during his anticipated visit to the country later this year. The article originated on a satirical website, however, though real legal debate persists over whether the U.K. monarch is above the law.
  
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• Madoff victims' recovery tops $9.7 billion with new payout

  02-02-2017 21:05 via news.yahoo.com
  
  The latest payout by trustee Irving Picard was made possible by settlements in the second half of 2016 with people accused either of facilitating Madoff's fraud or withdrawing more money from his firm than they deserved. This included money from a settlement with the family of Stanley Chais, who prior to his 2010 death managed money for Hollywood clients like director Steven Spielberg, and was accused by Picard of excess withdrawals. Picard's eighth distribution started on Thursday, and will go
  
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• Apple moves closer to iPhone assembly in India

  02-02-2017 21:03 via news.yahoo.com
  
  By Sankalp Phartiyal MUMBAI (Reuters) - The government of the Indian state of Karnataka said on Thursday it welcomed a proposal from Apple Inc to begin initial manufacturing operations in the state, in a sign the tech company is slowly moving forward with plans to assemble iPhones in the country. "Apple's intentions to manufacture in Bengaluru will foster cutting edge technology eco system and supply chain development in the state, which are critical for India to compete globally," the governmen
  
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• Will China Go To War With US? Military Powers Compared After Future Combat Suggested By Trump Adviser

  02-02-2017 21:00 via ibtimes.com
  
  Comments made by President Donald Trump’s chief strategist Steve Bannon in March 2016 about the U.S. and China going to war within the next ten years have resurfaced as he gains influence in the White House, sparking concerns that combat between the two super powers are less of a far-fetched idea and more real than ever.
  
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• The Best Super Bowl Parties In LA

  02-02-2017 20:47 via ibtimes.com
  
  The New England Patriots and Atlanta Falcons are headed to Houston this weekend for Super Bowl LI for what is sure to be the game of a lifetime .
  But if you can't make it down to the Lone Star State for the big matchup Sunday, don't worry. You can still get in on all the hype right here in Los Angeles. 
  From VIP bar bashes to even a cruise, check out the best Super Bowl parties in LA below. 
  
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• Rumer Willis, Kevin Connelly, Lais Ribeiro And More Celebrate Opening Of New Tao Group Venue Fishbowl At Dream Midtown

  02-02-2017 20:38 via ibtimes.com
  
  A number of stars celebrated Wednesday's grand opening of Fishbowl at Dream Midtown in New York City, a subterranean arcade bar and lounge from Tao Group. 
  
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• Samsung And Trump: Company May Build Plant In U.S., President Says 'We Would Love To Have You'

  02-02-2017 20:34 via ibtimes.com
  
  Samsung might open up a plant in the U.S. for its home appliances business after President Donald Trump’s criticism on imports, according toReuters.
  The news comes after Trump previously threatened to implement an import tax on corporations for manufacturing abroad for U.S. customers.
  
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• Ransomware Attacks: Ohio County Government Computers, Phones Inaccessible After Hack

  02-02-2017 20:22 via ibtimes.com
  
  Usually when the government fails to do something, partisan gridlock is blamed. In the case ofLicking County, Ohio, the local government has all butshut down thanks to ransomware hijacking the county’s computers.
  
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• YG 'FDT' Song: Hackers Play Anti-Donald Trump Tune On Radio Stations

  02-02-2017 20:18 via ibtimes.com
  
  Several radio stations across the country were briefly hacked to play an anti-President Donald Trump hip-hop song, theAssociated Press reports.
  “FDT (F--- Donald Trump)” by YG and Nipsey Hustle was played on small regional radio stations across several states within the past few weeks. Locations where the song was played include Louisville, San Angelo, Texas and Evansville, Ind..
  
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• PS4 Vs Xbox One Sales: 9.7 Million Sony Units Sold In Q3 2016 While Microsoft Declined

  02-02-2017 20:12 via ibtimes.com
  
  Sony Corporation (SNE) announced its financial results for the third quarter of the fiscal year 2016. According to its financial report, the company sold 9.7 million PlayStation 4 (PS4) consoles from Oct. 1—Dec. 31. The company sold 8.4 million PS4 units over the same period in 2015.
  
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• Kylie Jenner Denies Wanting Darker Skin On Snapchat, Calls Fans ‘Idiots’ Over Wax Figure Insults

  02-02-2017 20:11 via ibtimes.com
  
  Kylie Jenner has a lot of exciting projects coming up, and she isn’t going to let any haters mess it up for her. The “Keeping Up with the Kardashians” star called out fans who accused her of wanting to make her skin darker.
  
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• ‘Grey’s Anatomy’ Season 13 Spoilers: How Long Is Alex’s Jail Sentence? Episode 11 Sneak-Peek Video Teases Shocking Answer

  02-02-2017 19:56 via ibtimes.com
  
  Alex Karev has made up his mind — The “Grey’s Anatomy” doctor is going to serve time in jail rather than risk having Jo’s abusive ex track her down after taking the stand in the on-going assault case between he and DeLuca.
  
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• How the NFL and NRG Stadium are preparing for record-breaking data usage during Super Bowl 51

  02-02-2017 19:49 via techrepublic.com
  
  Sunday's Patriots vs. Falcons contest could result in the largest data usage ever during an event, with fans streaming live video on social apps and watching Super Bowl commercials on the NFL's app.
  
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• Will Trump Cause Next Ebola Crisis? Immigration Ban Could Hurt Disease, Vaccine Research

  02-02-2017 19:31 via ibtimes.com
  
  President Donald Trump’s temporary travel ban has been met with significant opposition over the effect critics say it will have on immigrants and refugees. But the ban could also propose a significant problem for Americans by limiting the foreign collaboration necessary for successful health research.
  
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• Trump says he'd like to speed up the start of NAFTA talks

  02-02-2017 19:30 via cbc.ca
  
  U.S. President Donald Trump said Thursday the would like to quickly get started on talks on the possible replacement or renegotiation of the North American Free Trade Agreement with Canada and Mexico.
  
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• Who Is Matt Ryan’s Wife, Sarah Marshall? Meet Atlanta Falcons Star’s Partner Before Super Bowl 51

  02-02-2017 19:29 via ibtimes.com
  
  Sarah Marshall, the wife of Atlanta Falcons quarterback Matt Ryan, is arguably his biggest fan. The couple has been married since 2011 and she regularly takes to her social media accounts on Instagram and Twitter to post about her husband’s team.
  
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• Why VMware's NSX must evolve to keep up in a serverless future

  02-02-2017 19:27 via techrepublic.com
  
  Hybrid cloud networking poses one of the more complex challenges for the enterprise. VMware believes that its NSX product can grow to support hybrid environments, including serverless computing.
  
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• Starbucks responds to criticism over refugee hiring blowback

  02-02-2017 19:27 via news.yahoo.com
  
  Chief Executive Howard Schultz announced on Sunday the company's plans to hire 10,000 refugees over the next five years, two days after U.S. President Donald Trump's executive order put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries. It was one of the strongest commitments from a CEO of a major U.S. company against Trump's order, after several other corporate bosses have stayed silent on Trump's im
  
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• What Is The Johnson Amendment? Trump Vows To ‘Destroy’ Key Separation Of Church And State As Free Speech Fairness Bill Is Introduced

  02-02-2017 19:21 via ibtimes.com
  
  President Donald Trump vowed Thursday to “totally destroy” the Johnson Amendment, a move that would fundamentally loosen the separation between church and state. The comments came a day after a trio of Republican lawmakers announced the introduction of a bill that would have the same effect, called the Religious Freedom Bill.
  
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