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…

All in: National Business News

Exclusive: U.S., Japanese firms collaborating on new missile defense radars – sources

By Tim Kelly and Nobuhiro Kubo | TOKYO Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan’s shield against any North Korean missile strike, government and defense industry sources in Tokyo told Reuters. As nuclear-armed Pyongyang builds ever more advanced missiles with Read More…

Jack Ma’s Ant Financial close to buying MoneyGram

Chinese billionaire Jack Ma’s Ant Financial is moving closer to getting regulatory approval to buy MoneyGram, The Post has learned — despite concerns in Washington about money laundering. “Ant and its advisers are working very constructively with [federal regulators]” to close the $1.2 billion MoneyGram acquisition, a source close to the situation said, referring to Read More…

Ford names Hackett as CEO to tackle car rivals, Silicon Valley

By David Shepardson and Joseph White | WASHINGTON/DEARBORN, Mich. Ford Motor Co (F.N) abruptly named James Hackett as chief executive on Monday, responding to investors’ growing unease about the U.S. automaker’s slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls Read More…

Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations

SÃO PAULO—Shares of Brazilian meatpacker JBS plunged more than 30% Monday, costing the company about $2 billion, after President Michel Temer accused its owners of insider trading as part of a bitter battle over the country’s corruption scandal. JBS’s shares have slumped since its executives said in documents made public last week by the country´s Read More…

Exclusive: North American carmakers want rules of origin in NAFTA left untouched – Mexico lobby

By Anthony Esposito and Sharay Angulo | MEXICO CITY The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers’ association said on Monday. Under the trade deal between the United States, Read More…

Perrigo Files 2016 Form 10-K With Restated Financial Statements; Reports Fourth Quarter And Calendar Year 2016 Financial Results; Announces 2017 Annual Meeting Date

DUBLIN, May 22, 2017 /PRNewswire/ — Comprehensive Form 10-K reflects accounting treatment of historical Tysabri® royalty stream as a financial asset No impact on net cash flows or previously closed sale of Tysabri® Revised previously reported 2016 guidance to reflect the new accounting treatment for Tysabri® at its statutory tax rate of 12.5%: 1) reported Read More…

Zhaopin Limited Reports Third Quarter of Fiscal Year 2017 Financial Results

BEIJING, May 22, 2017 /PRNewswire/ — Zhaopin Limited (NYSE: ZPIN) (“Zhaopin” or the “Company”), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, today announced its unaudited financial results for the third quarter ended March 31, 2017. Throughout the release, one ADS represents two Class A ordinary shares. Fiscal year Read More…

Tarena International, Inc. Announces First Quarter 2017 Results

First Quarter Net Revenues up by 23.5% Year-Over-Year, exceeding guidanceFirst Quarter Student Enrollment up by 20.6% Year-Over-YearReaffirms Full Year 2017 Net Revenues Guidance of RMB1,990-2,070 million BEIJING, May 22, 2017 /PRNewswire/ — Tarena International, Inc. (NASDAQ: TEDU) (“Tarena” or the “Company”), a leading provider of professional education services in China, today announced its unaudited financial results Read More…

Federal Reserve Senior Staffer Timothy Clark to Retire

WASHINGTON—Timothy Clark, a senior Federal Reserve staffer in charge of banking supervision, is retiring in the latest personnel change at the bank regulator. Mr. Clark, 57 years old, is expected to leave this summer, after the Fed announces the results of its annual “stress tests” for banks next month. “Tim’s leadership supervising the nation’s largest Read More…

Supreme Court Limits Where Patent Suits Can Be Filed

WASHINGTON—The Supreme Court on Monday limited the ability of patent holders to bring infringement lawsuits in courts that have plaintiff friendly reputations, a notable decision that could provide a boost to companies that defend against patent claims. The high court, in an opinion by Justice Clarence Thomas, ruled unanimously that a lower court has been following an Read More…

Another Gloomy Day for Amgen

Nothing is going right for Amgen these days. Amgen and partner company UCB announced late-stage trial results for its experimental osteoporosis treatment, Evenity, on Sunday. While the drug worked, Amgen noted a higher incidence of heart-related side effects than previously expected. Amgen now says the drug is unlikely to win approval from the Food and Read More…

How a Plague on the Movie and Music Industries Became Their Chief Protector in China

BEIJING—Chinese search giant Baidu Inc. was once a scourge of Hollywood and the U.S. music industry, which accused it of being a pipeline for pirated content. Today when Baidu is involved in a copyright infringement case, chances are it is the one casting the blame. Baidu’s about-face in the copyright fight reflects its emergence as Read More…