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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U.K. Airlines Face Bumpy Post-Brexit Path

An easyJet airplane prepares to land in Barcelona last June. Photo: Josep Lago/Agence France-Presse/Getty Images By Nina Trentmann Nina Trentmann The Wall Street Journal Biography @Nina_Trentmann nina.trentmann Google+ nina.trentmann@wsj.com Updated March 29, 2017 2:40 p.m. ET 0 COMMENTS U.K. airlines could face major upheaval as the country untangles itself from the European Union. Prime Minister Read More…

Magal Security Systems Announces Filing of 2016 Annual Report

YEHUD, Israel, March 29, 2017 /PRNewswire/ — Magal Security Systems Ltd. (Magal (NASDAQ: MAGS)) today announced that earlier today it filed its annual report containing audited consolidated financial statements for the year ended December 31, 2016 with the U.S. Securities and Exchange Commission. The annual report is available on the Company’s website (www.magal-s3.com). Shareholders may receive a hard Read More…

Table Trac, Inc. Announces Year End Results for 2016

MINNETONKA, Minn., March 29, 2017 /PRNewswire/ — Table Trac, Inc. (OTCQB: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos announced financial results for the year ended December 31, 2016. The 10-K can be found @ http://www.sec.gov Year End Highlights Year-to-Date Financial Results Revenues increased from Read More…

Snap, NBCUniversal in Deal for 2018 Winter Games

Bob Costas pictured during the 2016 Summer Olympics in Rio de Janeiro. Photo: Getty Images By Shalini Ramachandran and Shalini Ramachandran The Wall Street Journal Biography @shalini Google+ Shalini.Ramachandran@wsj.com Maureen Farrell Maureen Farrell The Wall Street Journal Biography @Maureenmfarrell maureen.farrell@wsj.com Updated March 29, 2017 3:15 p.m. ET 4 COMMENTS Snap Inc. has signed a pact Read More…

Strategic Storage Growth Trust, Inc. Reports 2016 Fourth Quarter and Year-End Results

LADERA RANCH, Calif., March 29, 2017 /PRNewswire/ — Strategic Storage Growth Trust, Inc. (“SSGT”) announced strong increases in same-store revenues, net operating income (“NOI”), occupancy and annualized rent per square footage as part of its overall operating results for the three and twelve months ended December 31, 2016. “We are pleased to report continued revenue Read More…

Whatever Happened to Free Trade?

After World War II, the global economy rose on a wave of trade and finance, lifting hundreds of millions of people out of poverty in developing countries and providing rich countries with cheaper goods, lucrative investments and hopes for a more peaceful planet. That tide is now receding. Nine years after the financial crisis, global…

Yellen Calls for Better Public Education, Workforce Development Programs

Federal Reserve Chairwoman Janet Yellen said better educational opportunities for low-income communities and programs to develop entrepreneurship could expand work opportunities and benefit the overall labor market. Ms. Yellen said low- and moderate-income communities and minority groups continue to struggle to find jobs despite steady improvement in the overall labor market, in remarks prepared for Read More…

DC Holdings Achieves Remarkable Improvement in FY2016 Annual Results; Driving Innovation to Transform the Group into a Big Data Service Provider

HONG KONG, March 29, 2017 /PRNewswire/ — Digital China Holdings Limited (“DC Holdings” or the “Group”; Stock Codes: 00861.HK; 910861.TW) today announced its annual results for the twelve months ended 31 December 2016 (the “Period”). Disposal transaction completed while new strategy delivered initial success In 2016, While China went into a critical year for its Read More…

Republicans' Tough Call on Taxes: Quick, Short Yardage or Hail Mary?

WASHINGTON—Republicans in Congress face tough decisions in the weeks ahead about what procedural steps to take toward the next big item on President Donald Trump’s economic agenda—overhauling the tax code—with important implications for what they can accomplish. They have three main options: A fast-track plan that would yield quick action this year but limit how Read More…

A Faster Answer for Lost Bags With a Hidden Benefit for Airlines

An innovation aiming to streamline how air passengers reconnect with their lost luggage comes with a major asterisk: Airlines would no longer count that luggage as lost. Several carriers already alert travelers when their checked baggage doesn’t make their flight. Those texts or emails save passengers from waiting needlessly at baggage carousels. Customers can go Read More…

Kushner, Anbang end talks to redevelop Manhattan office tower

Kushner Companies, the real estate firm formerly headed by President Donald Trump’s son-in-law, said it has dropped out of talks to redevelop its flagship New York office tower with China’s Anbang Insurance Group [ANBANG.UL]. The two companies, which had been in advanced talks according to media reports, both agreed to end the discussions about redeveloping Read More…

Huge nuclear cost overruns push Toshiba's Westinghouse into bankruptcy

By Tom Hals, Makiko Yamazaki and Tim Kelly | WILMINGTON, DEL./TOKYO Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp (6502.T), filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. Bankruptcy will allow Pittsburgh-based Westinghouse to assess whether to continue Read More…

Shipping-Technology Startup Freightos Raises $25 Million

Shipping-technology startup Freightos raised $25 million in a funding round led by General Electric Co.’s GE Ventures, the freight company said Wednesday. The Series B round brings the Israel-based company’s total funding to $50 million—one of the most well-funded entities in a group of technology startups trying to take the booking of freight transportation online. Read More…

Southern Co. CEO Says Will Ask Toshiba to Help Complete Georgia Reactors

TOKYO—Southern Co. Chief Executive Tom Fanning said he would ask Toshiba Corp. to honor what he said was a commitment to the construction of two nuclear reactors in Georgia, after the lead contractor, Toshiba subsidiary Westinghouse Electric Co., filed for bankruptcy protection on Wednesday. Hit by cost overruns from Southern’s planned expansions at its Vogtle Read More…

Sierra Metals Inc. announces resignation of President and CEO

TORONTO, March 29, 2017 /PRNewswire/ –Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (“Sierra Metals” or the “Company”) announces that Mark Brennan has tendered his resignation as President and Chief Executive Officer. Mr. Brennan will continue in his current role for a period of 30 days to facilitate the implementation of an orderly succession plan. Further details in Read More…

Kenon Holdings Reports Full Year 2016 Results and Additional Updates

SINGAPORE, March 29, 2017 /PRNewswire/ — Kenon Holdings Ltd. (NYSE: KEN, TASE: KEN) announces its results for 2016 and additional updates to its businesses. Key Highlights IC Power Qoros Kenon’s Annual Report on Form 20-F Kenon’s Annual Report on Form 20-F for the year ended December 31, 2016, which will contain additional information about Kenon and Read More…