Featured Articles in National Business News

Apple says most vulnerabilities in Wikileaks docs are already patched

Wikileaks today published a trove of documents, allegedly taken from the CIA, that detail the government’s efforts to hack popular devices like iPhones, Android phones, and Samsung smart TVs. But Apple is pushing back against claims that the CIA’s hoarded vulnerabilities for its devices were effective. The documents, if they are indeed legitimate, include charts that Read More…

Gobi raises $500K to take on Snapchat

Norwegian startup Gobi raised $500,000 at a $15 million valuation to take on Snapchat with its “Stories” communication tool. The platform enables users to create public and private groups where users can share photos and videos that stay around for three days before vanishing into digital pixel-dust. “We originally created a Snapchat group for our college,” says Kristoffer Lande, Read More…

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Alipay, WeChat Take Battle for Mobile-Payment Dominance Overseas

A pitched battle between China’s technology titans for control of the world’s largest mobile-payments market is starting to ripple overseas. The biggest combatant is Ant Financial Services Group, an affiliate of e-commerce giant Alibaba Group Holding Ltd. and the owner of China’s dominant Alipay service. Alipay lets users pay for everything from haircuts to houses Read More…

Lawsuit claims Poland Spring is committing ‘colossal fraud’

A lawsuit claims that Poland Spring Water is deceiving consumers with evergreen labels that say their bottle contains “100 percent natural spring water” that hails from Maine. The class-action lawsuit filed Tuesday in federal court in Connecticut claims that parent company Nestle Waters North America is bottling common groundwater that doesn’t meet the federal definition Read More…

Foot Locker’s struggles may stem from lack of ‘innovative new products’

The sporting goods industry got kicked around on Friday — thanks to a disastrous second-quarter performance by Foot Locker. The sneaker and apparel chain missed estimates on profits, revenue and margins — and investors, scared that the long-running athletic footwear bull market was weakening, ran away from rival Finish Line and Genesco, and from Nike Read More…

Shift from non-GAAP bottom lines could be good for stock prices

SAN FRANCISCO (Reuters) – Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. Recent changes to accounting standards and a crackdown last year by the Securities Exchange Commission are encouraging many companies to be Read More…

XBT Holding gibt Jahresabschlussergebnisse für 2016 bekannt

DALLAS, August 18, 2017 /PRNewswire/ — XBT Holding SA., ein weltweit vertretener Provider für Hosting und Netzwerklösungen, veröffentlichte seine Jahresabschlussergebnisse für 2016: eine Umsatzsteigerung um 28 Prozent dank neuer Kunden und geografischer Expansion.      (Logo: http://mma.prnewswire.com/media/545801/XBT_Holding_Logo.jpg ) Die EBITDA-Marge stieg um 3 Prozent im Vergleich zum Vorjahr, auf 41 Prozent. Dieser Anstieg wurde durch einen Read More…

U.S. prosecutors recommend three years in prison for VW engineer Liang

DETROIT (Reuters) – Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG (VOWG_p.DE) engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion. Liang, who pleaded guilty to misleading regulators, is cooperating with prosecutors and will be sentenced on Aug. Read More…

Uber's Kalanick Fires Back at Investor in Legal Battle

Uber Technologies Inc.’s former chief executive fired back against a lawsuit from one of the ride-hailing firm’s biggest investors, saying Benchmark Capital is engaged in a personal attack that threatens to further damage the company. In a filing to the Delaware Chancery Court late Thursday, Travis Kalanick reiterated his call for the Benchmark legal dispute Read More…

Vishal Sikka Resigns as Infosys CEO

NEW DELHI—Vishal Sikka resigned Friday as chief executive of Infosys Ltd., citing a resistance to change at the company that deteriorated into ugly accusations of mismanagement at India’s second-largest software and outsourcing company. The Bangalore-based company said Mr. Sikka had the support of the board but had been harassed into leaving…

Platinum founder's lawyers ordered not to contact U.S. government witnesses

NEW YORK (Reuters) – A U.S. judge on Friday ordered lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case not to communicate with U.S. government witnesses or their lawyers, after prosecutors claimed Nordlicht’s lawyers tried to intimidate a key witness. U.S. District Judge Dora Irizarry in Brooklyn said at a court Read More…

XBT Holding annonce ses résultats de fin d’exercice 2016

DALLAS, August 18, 2017 /PRNewswire/ — XBT Holding SA., un prestataire mondial de solutions d’hébergement et de réseau, a annoncé ses résultats de fin d’exercice 2016, qui montrent une augmentation de 28 pour cent de son chiffre d’affaires en raison de l’acquisition de nouveaux clients et d’une empreinte géographique plus étendue.      (Logo: http://mma.prnewswire.com/media/545801/XBT_Holding_Logo.jpg ) Read More…

Skirting Netflix: Video Streamers Serve Up Horror, '70s Fare, Anime

Walt Disney Co.’s decision this month to stream its own movies and shows marks Hollywood’s latest—and biggest—attempt to wean itself from Netflix Inc. In the shadow of Netflix’s boom, smaller services have been finding niche audiences who appreciate such genres as horror and anime—or themes such as British shows or automobiles—but are unsatisfied by mainstream Read More…

AMERI Holdings, Inc. Announces Financial Results for the Second Quarter of 2017

PRINCETON, N.J., Aug. 18, 2017 /PRNewswire/ — AMERI Holdings, Inc. (“Ameri100” or the “Company”) (OTCQB: AMRH), a leading integrated SAP solutions provider, reported financial results for the second quarter ended June 30, 2017. Ameri100’s Financial Results – Second Quarter 2017 vs. Second Quarter 2016: Total revenue was $12.3 million in the second quarter of 2017 Read More…

Exclusive: Citigroup tops eight-bank group for Petrobras unit IPO – source

SAO PAULO (Reuters) – Citigroup Inc (C.N) and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA’s fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday. Petrobras (PETR4.SA) (PBR.N), as Brazil’s state-controlled oil company is known, is considering whether to Read More…

N.Y. Fed raises U.S. third-quarter GDP growth view above two percent

NEW YORK (Reuters) – The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above 2 percent based on this week’s data on retail sales, industrial output and regional manufacturing. The regional central bank’s “Nowcast” model calculated the economy was expanding at an annualized pace Read More…

NAFTA negotiators hone in on origin rules, dispute settlement

WASHINGTON (Reuters) – U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system. A copy of the NAFTA negotiating agenda obtained by Reuters reveals Read More…

Two Tenet Board Members Resign, Setting Up Potential Proxy Fight

Two members of Tenet Healthcare Corp.’s board of directors, who represent the company’s largest institutional shareholder, have resigned their posts, citing “irreconcilable differences” over significant matters involving the company. Randy Simpson and Matt Ripperger, who joined the board early last year and are both partners at Glenview Capital Management LLC, notified the board’s 10 other Read More…