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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 gas field... 
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 month.... 
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. SpiceJet’s... 
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 Limited,... 
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 that... 
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 percent,... 
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 80 new... 
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, said... 
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 post... 
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 that much... 
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 to... 
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 wealth... 
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 61 cents... 
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 facilities... 
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 the... 
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 investment... 
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 it had... 
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 also the... 
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 selling... 
Syngenta Deal With ChemChina One Step Closer To Completion

Syngenta Deal With ChemChina One Step Closer To Completion

The state-owned China National Chemical Corporation, known as ChemChina, announced Monday that it had received clearance for its $43 billion acquisition of Syngenta (NYSE:SYT) from the Committee on Foreign Investment in the United... 
China’s New Cyber Rules Worry Foreign Businesses

China’s New Cyber Rules Worry Foreign Businesses

A cyber security law that could be passed this year in China contains provisions for invasive government security reviews and onerous requirements to keep data in the country. The proposed cyber security law and separate rules for... 
OPEC Talks On Oil Output Freeze Expected Next Month

OPEC Talks On Oil Output Freeze Expected Next Month

There is a good chance that OPEC will revive talks on freezing oil output levels when it meets non-OPEC nations next month. A previous attempt to freeze output at January levels collapsed in April. OPEC members will meet between Sept.... 
Delta Air Lines Upends Travelers’ Plans For Third Straight Day

Delta Air Lines Upends Travelers’ Plans For Third Straight Day

Delta Air Lines Inc. (NYSE:DAL) is still suffering from the aftermath of its service outage on Monday, upending thousands of travelers’ plans for the third day in a row. After a power outage hit its computer systems, Delta lost... 
Boeing To Supply Iran With Passenger Planes

Boeing To Supply Iran With Passenger Planes

Reports have emerged that Iran has reached a deal with Boeing (NYSE:BA) to buy passenger planes to replace its aging civilian air fleet. The announcement reveals that IranAir would acquire more than 100 Boeing jets under the multi-billion-dollar... 
Bad Behavior Leads To Booze Ban For U.S. Sailors In Japan

Bad Behavior Leads To Booze Ban For U.S. Sailors In Japan

Bad behavior by U.S. Navy sailors in Japan has led to all 19,000 personnel assigned to U.S. Navy bases in Japan being banned from drinking alcohol and restricted to their base for the foreseeable future. According to a statement released... 
Workers Removing Temple’s Tigers Make Grisly Discovery

Workers Removing Temple’s Tigers Make Grisly Discovery

Over the past week, officials with Thailand’s Department of National Parks, Wildlife and Plant Conservation (DNP) have been working to remove more than 100 adult tigers from a Buddhist temple to shelters elsewhere. The Wat Pa... 
United Arab Emirates Acquits Americans Of Militant Support Charges

United Arab Emirates Acquits Americans Of Militant Support Charges

Libyan-American businessmen Kamal Eldarat, 59, and his son, Mohamed Eldarat, 34, have been acquitted of charges in the United Arab Emirates that they supported militants in Libya. The verdict was handed down on Monday in the UAE’s...