Patrick and John Collison have come a long way from the quiet village outside of Limerick, Ireland where they grew up. With little around except “mooing cows,” the brothers turned to coding to occupy themselves. To access the internet, their parents had to buy a special satellite. In 2011 the Collisons founded Stripe, an online Read More…
NEW YORK (FOX 5 NY) – I spend a lot of time at Fox 5 covering startups. One of the biggest compliments you can pay a startup is to call it a disrupter, changing not just local business, but entire industries across the country and even around the world. Former TLC Commissioner Matthew Daus says we haven’t had such Read More…
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…
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…
LONDON—The U.K. government said it was likely to require further scrutiny of 21st Century Fox Inc.’s £11.7 billion ($15.1 billion) bid to buy the 61% of British TV giant Sky PLC it doesn’t already own—adding another hurdle to Rupert Murdoch’s protracted quest to consolidate control of his trans-Atlantic media assets. British Culture Secretary Karen Bradley, Read More…
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., June 27, 2017. REUTERS/Lucas Jackson
Keystone XL is facing a new challenge: The oil producers and refiners the pipeline was originally meant to serve aren’t interested in it anymore. Delayed for nearly a decade by protests and regulatory roadblocks, Keystone XL got the green light from President Donald Trump in March. But the pipeline’s operator, TransCanada Corp., is struggling to line Read More…
Walgreens Boots Alliance Inc. and Rite Aid Corp. nixed their $9.4 billion merger agreement, which had been heavily scrutinized by antitrust regulators, and reached a new deal in which Walgreens instead will buy half of Rite Aid’s stores for $5.18 billion in cash. Investors had been awaiting a government decision on whether the delayed tie-up Read More…
Big U.S. banks plan to increase dividend payouts and share buybacks to their highest levels in years after the Federal Reserve on Wednesday approved capital plans for all 34 firms taking part in its annual stress tests. The approvals—the first time since the annual tests began in 2011 that all firms got passing grades—reflect a Read More…
Workers remove the advertising of Sky TV provider after the German Bundesliga second leg relegation playoff soccer match between Karlsruhe SC and Hamburg SV in Karlsruhe, Germany June 1, 2015. REUTERS/Ralph Orlowski/File Photo
A Porsche Cayman is seen in a Porsche shop at Siam Paragon mall in Bangkok, Thailand June 4, 2017. REUTERS/Jorge Silva – RTX38YWD
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., June 27, 2017. REUTERS/Lucas Jackson
CHICAGO, June 29, 2017 /PRNewswire/ — Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2017, which ended on May 28, 2017. Highlights (all comparisons are against the prior year fiscal period, unless otherwise noted) CEO Perspective Sean Connolly, president and chief executive officer of Conagra Brands, commented, “Fiscal Read More…
Amazon.com Inc.’s recent bid to acquire Whole Foods Market Inc. inflamed concerns in the U.S. about big tech companies taking over America. In China, that’s already happening. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are online-offline conglomerates each with hundreds of millions of users. The pair—directly or through companies they invest in—provides services and Read More…
SPARKS, Md., June 29, 2017 /PRNewswire/ — McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2017 and provided its latest financial outlook for fiscal year 2017. Sales rose 5% in the second quarter from the year-ago period. In constant currency, the company grew Read More…
LAKE OSWEGO, Ore., June 29, 2017 /PRNewswire/ — The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its third fiscal quarter ended May 31, 2017. Third Quarter Highlights Net earnings attributable to Greenbrier for the quarter were $32.8 million, or $1.03 per diluted share, on revenue of $439.2 million. Adjusted EBITDA for the quarter Read More…
Eurozone businesses and consumers became more optimistic in June about their prospects than at any time since before the global financial crisis, reflecting a pickup in economic growth and the rejection by voters of parties hostile to the European Union in recent elections. The surprisingly strong rise in confidence recorded by a monthly survey should Read More…
Logitech computer keyboards are on sale at an electronics store in Westminister, Colorado January 15, 2016. REUTERS/Rick Wilking
A staff member of Toshiba Corp. holds a sign board of the company’s annual shareholders meeting at an entrance of the venue in Chiba, Japan June 28, 2017. REUTERS/Issei Kato
By David Ljunggren | CINCINNATI, Ohio In the baking Ohio heat Canada’s trade minister is trying to save NAFTA, one encounter at a time. Francois-Philippe Champagne is in Cincinnati for a meeting-packed June day as part of a concerted Canadian outreach campaign ahead of talks to renegotiate the North American Free Trade Agreement. U.S. President Read More…
By Alexandria Sage | SAN FRANCISCO Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. But a glimpse behind the dashboard could reveal what U.S. auto supplier Visteon Corp found: a mess. As automotive cockpits become crammed with ever more digital features such as navigation Read More…
Marissa Mayer said she is “friends” with Travis Kalanick, defending Uber’s ex-chief executive against critics who say he presided over a toxic frat-boy scene at the ride-hailing giant. Kalanick has been accused of encouraging a “bro culture” at the company, stealing trade secrets, fostering an environment of sexual harassment and permitting the use of illegal Read More…
A New York judge has dismissed a claim in a civil suit that alleged Treasury Secretary Steven Mnuchin had committed fraud while serving on the board of Relativity Media, a Hollywood studio. Justice Charles Ramos said the claim by a Relativity lender failed to tie Mnuchin to “a specific factual misrepresentation.” Lender RKA Financing sued Read More…
Walmart is escalating its war of words with Amazon by sending veiled messages to the trucking companies that haul its merchandise from its distribution centers and stores, telling them if they do business with the Web giant it may not want to work with them, according to an industry expert. “I know that Walmart has Read More…
Commuters coming into New York City from the north, south, east and west are irate. The Long Island Railroad, New Jersey Transit, Amtrak and Metro North — not to mention the New York City subway, which moves 5.7 million people every weekday — have all been plagued by dramatic breakdowns and crashes over the past Read More…
The Federal Reserve doesn’t have a nifty phrase for skyrocketing stock prices — like when former Fed chief Alan Greenspan said back in the 1990s that people were “irrationally exuberant” — but it’s clear that central bank brass are getting worried enough about the marts that they are starting to express their concern out loud. Read More…
By Lauren Hirsch and Angela Moon Blue Apron Holdings Inc (APRN.N), the biggest U.S. meal kit provider, raised $300 million as it went public on Wednesday, a third less than it had hoped, as Amazon.com’s (AMZN.O) industry-changing deal to buy Whole Foods Market Inc (WFM.O) weighed on the sector. New York-based Blue Apron said late Read More…
Big banks passed the Federal Reserve’s annual stress test of their financial health — and responded with a giveaway to investors worth billions of dollars in the form of dividends and share buybacks. The passing grades mark the first time since the Wall Street crisis of 2008 that all 34 tested firms were deemed healthy Read More…
TOKYO—Toshiba Corp.’s future turned even murkier as it filed suit to stop a business partner from blocking the sale of its semiconductor business, meant to plug a gaping financial hole. The struggling conglomerate is racing to raise about $20 billion from the sale to a Japanese-government-led consortium—against the opposition of Western Digital Corp., which has Read More…
For the iPhone’s 10th birthday, Apple Inc. is giving itself a big, new challenge. Maintaining its usual secrecy about product plans, Apple is widely expected later this year to announce three iPhones instead of the usual two—updated versions of the current iPhone 7 and 7 Plus as well as a 10th-anniversary iPhone with a different Read More…
By Wayne Cole | SYDNEY The dollar languished at its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signaled the era of easy money might be coming to an end for more than just the United States. Support for the dollar eroded as investors realized the U.S. Read More…
By Emi Emoto and Nathan Layne | TOKYO The president of Japan’s Universal Entertainment Corp (6425.T) said the company’s founder Kazuo Okada is “unfit” to be the director of a public company, in a private letter to a shareholder seen by Reuters. The June 21 letter was written by Jun Fujimoto ahead of an annual Read More…
Today’s pop quiz: If Delta and American both have flights from Dallas-Fort Worth to Detroit leaving at 11 a.m., and both flights take 2 hours, 53 minutes to get to the gate in Detroit, which one is late? The answer: American Flight 43. American schedules that trip at two hours, 38 minutes. Delta Flight 653 Read More…
Kevin Heath was wandering around his local CVS pharmacy in search of licorice for his wife, stymied that the candy display was no longer in its usual spot at the front of the store. With help from a store employee, he found the treats in a section farther back. “Eh, I’m retired. I can take Read More…
By Stephen Nellis Apple Inc’s (AAPL.O) iPhone turns 10 this week, evoking memories of a rocky start for the device that ended up doing most to start the smartphone revolution and stirring interest in where it will go from here. Apple has sold more than 1 billion iPhones since June 29, 2007, but the first Read More…
File Photo: Robert J. Coury, Chairman and Chief Executive Officer of Mylan at the Tel Aviv Stock Exchange, Israel November 4, 2015. REUTERS/Nir Elias
By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) may be on the verge of becoming Bank of America Corp’s (BAC.N) largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to Read More…
After going two and a half days without seating a single juror, lawyers in Martin Shkreli’s Ponzi trial went into overdrive Wednesday afternoon and picked 12 people to weigh the fate of the reviled “Pharma bro.” The seven women and five men on the panel include a female pharmacist who works in a hospital and Read More…
FILE PHOTO: A man walks past the Federal Reserve Bank in Washington, D.C., U.S. December 16, 2015. REUTERS/Kevin Lamarque/File Photo
Volkswagen’s logo is seen at its dealer shop in Beijing, China, October 1, 2015. REUTERS/Kim Kyung-Hoon
A plane flies over a Bombardier plant in Montreal, January 21, 2014. REUTERS/Christinne Muschi
A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
The Trump Organization is getting paid millions of dollars by the owners of a Toronto hotel so they can remove Trump’s name from the building. In a deal announced late Tuesday, Trump was bought out of its management contract at the 65-story Trump International Hotel and Tower Toronto. The luxury property will likely be reflagged Read More…
The Department of Homeland Security mandated new security measures for airlines flying to the U.S., stepping back from a broader ban on traveling with laptops. DHS officials said Wednesday that new requirements will include enhanced screening of passengers and their belongings at foreign airports and new protocols for planes while they are on the ground Read More…