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Jimmy Choo Looking For Buyers

Jimmy Choo Looking For Buyers

Luxury shoe brand Jimmy Choo (LON:CHOO) announced Monday that it was putting itself up for sale. Jimmy Choo became famous for its stiletto shoes and accessories and its fans have included the late Princess Diana and “Sex... 
ExxonMobil Requests Waiver From Russia Sanctions

ExxonMobil Requests Waiver From Russia Sanctions

ExxonMobil (NYSE:XOM) has asked the U.S. Treasury Department for permission to bypass sanctions on Russia. A waiver would allow Exxon to resume its joint venture with Russian oil giant Rosneft. The financial incentives for Exxon... 
Barclays Issues Reprimand To CEO Over Actions Against Whistleblower

Barclays Issues Reprimand To CEO Over Actions Against Whistleblower

Barclays (NYSE:BCS) Chief Executive Jes Staley has been reprimanded by the firm’s board for attempting to uncover a whistleblower’s identity. Barclays grants whistleblowers anonymity to prevent any retribution for their... 
Uber Ending Service In Denmark After Rules Change

Uber Ending Service In Denmark After Rules Change

Uber has announced that it will be ending service in Denmark. The company cited “unworkable” changes to local taxi rules for its decision to pull out of the country. Uber said in a statement that it would shut down its services... 
Amazon Turns Focus To Middle East With Souq.com Deal

Amazon Turns Focus To Middle East With Souq.com Deal

Amazon (NASDAQ:AMZN) has made a deal to acquire Souq.com, the largest online marketplace site in the Middle East. Amazon will buy 100 percent of the Middle East online retailer, executives from both firms said. The value and... 
Disney Scores Big With ‘Beauty And The Beast’ Remake

Disney Scores Big With ‘Beauty And The Beast’ Remake

Disney’s (NYSE:DIS) Beauty and the Beast has set a new box office record. Disney’s live-action remake of the beloved 1991 animated classic averaged $40,380 per location from 4,210 theaters on its opening weekend, reaching... 
Mexico Axes Tariffs As Part Of NAFTA Negotiations

Mexico Axes Tariffs As Part Of NAFTA Negotiations

Mexican Economy Minister Ildefonso Guajardo has announced that his country will walk away from the NAFTA negotiations if the U.S. puts a tariff on products from Mexico. During the presidential campaign last year, then-candidate... 
Amazon Increasing Its European Workforce By 30%

Amazon Increasing Its European Workforce By 30%

Amazon (NASDAQ:AMZN) has pledged to create 15,000 new full-time jobs across Europe by the end of 2017. Amazon said in its statement, “These employees will be working on global customer innovations like Alexa, Prime Air, Prime... 
Shell Announces Sale Of Oil Fields

Shell Announces Sale Of Oil Fields

Royal Dutch Shell Plc (NYSE:RDS.A) has announced that it will be selling of some of its fields in the North Sea to Chrysaor Holdings Ltd. for about $4 billion. Shell has also inked a deal to sell its stake in an offshore Thai... 
Facebook Testing Fake News Filtering In Germany

Facebook Testing Fake News Filtering In Germany

Facebook (NASDAQ:FB) has announced that it will begin testing its fake news filtering system in Germany. The company said it began testing a similar filter that would allow users to report fake news in the United States last... 
Boeing Makes $22B Deal With SpiceJet

Boeing Makes $22B Deal With SpiceJet

Boeing (NYSE:BA) has inked a $22 billion deal with Indian budget carrier SpiceJet to sell the company 155 airplanes. The deal renegotiates old orders for 55 planes and includes options for 50 more, including wide-body aircraft.... 
McDonald’s Agrees To Sell Most Of China, Hong Kong Business

McDonald’s Agrees To Sell Most Of China, Hong Kong Business

McDonald’s Corp. (NYSE:MCD) has agreed to sell the bulk of its China and Hong Kong business for up to $2.1 billion in a 20-year deal. The deal will form a new company that will link McDonalds with Chinese company CITIC... 
New McDonald’s Opens Near Vatican Amid Controversy

New McDonald’s Opens Near Vatican Amid Controversy

Last week, a new McDonald’s (NYSE:MCD) opened just outside Vatican City, 100 yards from the holy state, home of the Pope. The restaurant is located in the Roman district of Borgo, at the corner of Borgo Pio and Via del Mascherino.... 
Hyundai & Kia Optimistic For 2017

Hyundai & Kia Optimistic For 2017

South Korea’s largest automakers Hyundai Motor Co. and its affiliate Kia Motors Corp. have expressed optimism for the coming year, with both saying that they plan to expand production and increase sales. The companies forecast... 
Apple Wins Holiday Season Smartphone Sales

Apple Wins Holiday Season Smartphone Sales

Apple (NASDAQ:AAPL) has dominated holiday season smartphone sales once again. Flurry Analytics estimates that the company captured 44 percent of device activations during the Dec. 19 to Dec. 25 period. Samsung followed at 21... 
Boeing Contract With Iran Worth Half Of Stated Amount

Boeing Contract With Iran Worth Half Of Stated Amount

Iran has announced that it has negotiated a great discount on its contract with Boeing Co. (NYSE: BA), agreeing to pay roughly half the listed amount for the aircraft ordered. Iran Air has a contract with Boeing to purchase... 
Facebook Under Fire In Europe Over Whatsapp Deal

Facebook Under Fire In Europe Over Whatsapp Deal

Facebook (NASDAQ:FB) is facing accusations in Europe that it misled regulators to receive regulatory approval for its $19 billion purchase of internet messaging service WhatsApp. Margrethe Vestager, Europe’s competition chief,... 
Germany Takes On Facebook And Fake News

Germany Takes On Facebook And Fake News

Facebook’s (NASDAQ:FB) “fake news” problem may be about to cost the company a lot of money in fines. German politicians are considering a law that would fine the company €500,000 ($519,525) for each false news... 
Apple Takes On EU In $14B Court Fight

Apple Takes On EU In $14B Court Fight

Tech giant Apple (NASDAQ:AAPL) is gearing up to battle the European Commission in court over a $14 billion tax charge. This week, the company is reportedly launching a legal challenge over a ruling that found it owed roughly... 
Obama Administration Blocks Raytheon Sale To Saudi Arabia

Obama Administration Blocks Raytheon Sale To Saudi Arabia

The White House has decided to limit arms sales to Saudi Arabia, directly targeting a sale by Raytheon Co. (NYSE:RTN). The administration has made the decision to block the sale of about 16,000 guided munitions kits by Raytheon... 
Brexit Reduces UK Wealth By $1.5 Trillion To Date

Brexit Reduces UK Wealth By $1.5 Trillion To Date

Voting to leave the European Union has cost the UK greatly, according to the latest Global Wealth Report from the Credit Suisse Research Institute. According to the report, around $1.5 trillion (£1.2 trillion) in household... 
Brent Crude Reaches Three-Month Low Amid Persistent Oil Glut Fears

Brent Crude Reaches Three-Month Low Amid Persistent Oil Glut Fears

Oil sank to a three-month low on indicators signaling the persistence of a global supply glut. Brent futures lost as much as 1.4 percent, falling to the lowest level since Aug. 11. Brent for January settlement fell as much as... 
Ireland To Appeal EU Ruling On Apple Back Taxes

Ireland To Appeal EU Ruling On Apple Back Taxes

Ireland is not excited at the news it should be receiving $14.4 billion in unexpected tax revenues. The country has indicated that it will appeal Apple Inc.’s (NASDAQ:AAPL) record tax clawback in the EU General Court in Luxembourg.... 
Duke Energy Divesting Its Brazilian Business

Duke Energy Divesting Its Brazilian Business

Duke Energy Corp. (NYSE:DUK) has announced plans to sell its Brazilian unit for about $1.2 billion, including debt, to clean energy company China Three Gorges Corp. Duke currently owns 2,090 megawatts (MW) of power generation... 
Ford Small Car Production Moving To Mexico

Ford Small Car Production Moving To Mexico

Ford Motor Company (NYSE:F) has made an announcement that the company is moving all North American production of small cars from U.S. to Mexico. Ford’s CEO Mark Fields said in a meeting in Dearborn, Michigan, “Over... 
Duke Energy No Longer Part Of Norway’s Wealth Fund Portfolio

Duke Energy No Longer Part Of Norway’s Wealth Fund Portfolio

Duke Energy Corp.’s (NYSE:DUK) environmental record has caused Norway’s sovereign-wealth fund to say it would no longer invest in the Charlotte, N.C.-based utility. In addition to the parent company, the fund also banned... 
Volkswagen Facing Consolidation Of Collective-action Lawsuits In EU

Volkswagen Facing Consolidation Of Collective-action Lawsuits In EU

Collective-action lawsuits against Volkswagen AG (VLKAY) over emissions rigging may be consolidated for up to 20 EU states by the European Commission, the European Union’s executive arm. Volkswagen admitted a year ago that... 
Dilma Rousseff Appears Before Brazil Senate Over Impeachment

Dilma Rousseff Appears Before Brazil Senate Over Impeachment

President Dilma Rousseff faced the Brazilian Senate Monday to answer questions during her impeachment trial. Rousseff is accused of doctoring accounts to hide a budget shortfall ahead of her re-election in 2014. Rousseff was... 
Apple Facing Billions In European Back Taxes

Apple Facing Billions In European Back Taxes

The European Commission is expected to levy a judgment against Apple (NASDAQ:AAPL) in the next few months on whether Apple’s tax dealings in Ireland violate European rules. The commission is accusing Apple of striking a sweetheart... 
Wal-Mart Opens Investigation Into Welspun India

Wal-Mart Opens Investigation Into Welspun India

Wal-Mart (NYSE:WMT) has announced that it is reviewing the products and records of Welspun India after a scandal emerged alleging the company was selling linens with incorrect certifications. The supplier has been accused of...