Business News - The Last 24 Hours

Apple and Salesforce are teaming up to launch Siri into enterprise
CNBC - 32 min 42 sec ago
The partnership means that a salesperson can use Siri after a customer meeting to update that customer's record with notes from the meeting.

COMMENTARY:

TechCrunch - Salesforce partners with Apple to roll deeper into mobile enterprise markets - 2 hours 22 min ago

24/7 Wall St. - PC Mag puts Apple gadfly John Dvorak out to pasture - 4 hours 19 min ago

NY Post - New Apple streaming service wants to be family friendly - 10 hours 12 min ago

VIDEO:

CNBC Video - Apple Salesforce deal is so big, you should have to pay more for both stocks, says Jim Cramer - 2 hours 16 min ago

Michael Kors could buy Versace in $2 billion deal
CNN - 35 min 51 sec ago
Michael Kors might be about to snap up Versace.

RELATED:

Reuters - Michael Kors snaps up Italy's Versace: sources - 2 hours 6 min ago

BBC - Versace set to be sold in $2bn deal - 4 hours 38 min ago

Fox Business - Michael Kors to buy out Versace for at least $2B: report - 4 hours 59 min ago

CNBC - Sale of Italian fashion house Versace could be imminent - 5 hours 19 min ago

COMMENTARY:

NY Post - Michael Kors close to buying Versace for $2.4B - 2 hours 42 min ago

The Guardian - Versace to be sold to US label Michael Kors for $2bn, sources say - 3 hours 7 min ago

Time Business - Michael Kors Is Close to Buying Versace for $2 Billion - 3 hours 33 min ago

VIDEO:

CNN Video - Donatella Versace: A fashion icon ft. Lady Gaga - 1 hour 36 min ago

Wall Street's S&P communication sector starts with a whimper
Reuters - 37 min ago
The new S&P 500 communication services sector , which includes such high-profile names as Facebook , Alphabet and Netflix , made its debut on Monday, after the largest-ever overhaul of Wall Street's broad business sectors.

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Reuters - Wall Street lower as industrials, tech fall on trade woes - 58 min 42 sec ago

CNBC - Australia market set for positive open following record highs on Wall Street - 15 hours 41 min ago

COMMENTARY:

MarketWatch - The Wall Street Journal: Oil producers say they can ramp up output as needed to meet any shortages in global oil market - 18 hours 38 min ago

VIDEO:

CNBC Video - US stock futures point to lower open on Wall Street - 5 hours 8 min ago

How a Romanian refugee-turned-CEO found the American Dream
CNN - 48 min 9 sec ago
Read full story for latest details.

RELATED:

Reuters - Danske Bank board close to appointing new CEO: Finans - 5 hours 54 min ago

CNBC - Siemens is looking to provide electricity for 300,000 Iraqis in three months, CEO says - 9 hours 5 min ago

COMMENTARY:

TechCrunch - Tile names GoPro vet CJ Prober new CEO, adds Comcast as investor and new product partner - 3 hours 9 min ago

Naked Capitalism - How CalPERS CEO Marcie Frost’s Efforts to Organize Astroturf Support Are Compromising Her - 17 hours 17 min ago

VIDEO:

CNBC Video - Weight Watchers CEO on changing names and marketing healthy living - 2 hours 43 min ago

Comcast tanks 8% after Sky win, on pace for worst day in nearly a decade
CNBC - 53 min 42 sec ago
With Monday's plunge, shares of Comcast are down more than 10 percent in 2018 and flirting with bear market territory.

RELATED:

Reuters - Sky's shares jump after Comcast wins auction with big bet - 1 hour 9 min ago

CNN - Sky shareholders cheer Comcast's $40 billion knockout bid - 7 hours 46 min ago

CNBC - Sky to accept Comcast offer 'immediately' - 9 hours 21 min ago

New York Times - In Beating Disney for Sky, Comcast Remains in the Game - 16 hours 42 min ago

COMMENTARY:

NY Post - Sky shares surge after Comcast wins auction with lofty bid - 2 hours 1 min ago

24/7 Wall St. - Top Analyst Upgrades and Downgrades: Abbott Labs, Avon, Caesars, Comcast, Rowan, UnitedHealth, Vonage and More - 2 hours 25 min ago

The Guardian - As Comcast takes control of Sky, Murdoch could yet bounce back - 22 hours 2 min ago

VIDEO:

CNBC Video - Disney should be up 2-3 percent because of Comcast deal, says Cramer - 2 hours 21 min ago

Dating app Bumble sets sights on IPO as it presses its $400 million lawsuit against Match
CNBC - 1 hour 25 min ago
Bumble, the dating app, is pressing ahead with its $400 million countersuit on its larger rival Match and is pursuing an initial public offering.

RELATED:

CNBC - Saudi Aramco CEO can't say whether IPO will happen by 2020 - 6 hours 21 min ago

COMMENTARY:

TechCrunch - Bumble serves countersuit to Match Group, says it’s pursuing an IPO - 1 hour 12 min ago

MarketWatch - The Wall Street Journal: Dell to interview banks for IPO in lieu of tracking-stock acquisition - 19 hours 18 min ago

VIDEO:

CNBC Video - Aramco CEO: Saudi government is committed to IPO - 3 hours 50 min ago

Oil jumps as Opec keeps output steady
BBC - 1 hour 29 min ago
Brent crude hits new four-year highs after oil-producing countries fail to agree increasing production.

RELATED:

Indiatimes - Opec, Russia rebuff Trump’s call for oil output boost - 12 hours 25 min ago

SCMP - OPEC snubs Donald Trump’s demand for lower oil prices - 18 hours 14 min ago

New York Times - OPEC Signals No Rush to Increase Oil Output - 20 hours 12 min ago

Fox Business - OPEC, allies agree not to further increase oil production - 21 hours 23 min ago

VIDEO:

CNBC Video - OPEC president: We are monitoring falling production in some countries - 22 hours 9 min ago

Brexit: What went wrong with Theresa May's Chequers plan?
Euronews - 1 hour 44 min ago
The British Prime Minister's Brexit proposals have been under attack from her own party and the EU since she released them in July.

RELATED:

Fox Business - UK's Labour opposition says it might back new Brexit vote - 5 hours 23 min ago

Reuters - European markets dip as trade war, Brexit pessimism weigh - 5 hours 57 min ago

Indiatimes - Britain's Labour keeps second Brexit referendum on table - 6 hours 25 min ago

CNBC - Britain's opposition Labour Party to vote on keeping second Brexit referendum on the table - 12 hours 12 min ago

COMMENTARY:

Zero Hedge - Theresa May Braces For Snap Election In November As Brexiteer Mutiny Erupts - 1 hour 35 min ago

The Guardian - Fears of no-deal Brexit push British export orders close to year low - 1 hour 48 min ago

The Japan Times - Britain’s Labour keeps second Brexit referendum on table - 2 hours 55 min ago

Washington Post - Sterling Isn’t the Villain in Post-Brexit M&A - 3 hours 24 min ago

VIDEO:

CNBC Video - UK PM Theresa May facing possible leadership challenge over Brexit - 9 hours 51 min ago

Microsoft, SAP and Adobe team up to help companies solve a vexing problem
CNBC - 1 hour 57 min ago
Three companies with a combined market cap of $1.15 trillion want to make it easier for companies to work with data that's ordinarily stuck in multiple disparate systems.

RELATED:

Fox Business - Will Microsoft and Tencent Blur the Line Between PC and Mobile Games? - 23 hours 25 min ago

COMMENTARY:

TechCrunch - Microsoft, SAP and Adobe take on Salesforce with their new Open Data Initiative for customer data - 1 hour 36 min ago

MarketWatch - Microsoft security announcements seek to shake up the cloudscape - 1 hour 38 min ago

The Japan Times - Microsoft, Amazon, Google join fight to prevent famine, tap AI tech - 16 hours 55 min ago

VIDEO:

CNBC Video - Adobe, Microsoft, SAP announce Open Data Initiative - 2 hours 4 min ago

Uber's strongest growth comes in depressed Argentina -- minus commissions
Reuters - 2 hours 20 min ago
Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines.

RELATED:

Reuters - Singapore competition watchdog fines Grab, Uber $9.5 million - 12 hours 3 min ago

Microsoft leapfrogs Amazon with a special-purpose A.I. box for cloud customers
CNBC - 2 hours 25 min ago
Microsoft is going beyond boxes that can be mailed to sites, filled up with data and then mailed back to be stored in the cloud. Now, it's giving customers a way to do advanced computations with efficient hardware on site.

RELATED:

Fox Business - Amazon Is Now the 3rd-Largest Digital Ad Platform in the U.S. -- Here's Why It Matters - 16 hours 30 min ago

COMMENTARY:

24/7 Wall St. - Stacey Higginbotham: Amazon just pulled an Apple on the smart home - 4 hours 55 min ago

Iran says oil to rise as Saudi, Russia do 'little and late'
Reuters - 2 hours 51 min ago
Saudi Arabia and Russia won't add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise further.

RELATED:

Fox Business - Best Oil Stocks to Buy Now - 14 hours 1 min ago

CNBC - If Trump would stop tweeting, oil prices would go down, Iran official says - 22 hours 38 min ago

COMMENTARY:

MarketWatch - Futures Movers: Oil prices vault higher as major producers rebuff Trump’s demand to keep crude in check - 3 hours 54 min ago

Zero Hedge - Is The Oil Burden A Rising Problem? - 21 hours 5 min ago

VIDEO:

CNBC Video - Trump's tweets are inflating oil prices, Iran official says - 23 hours 39 min ago

The night a Chinese billionaire was accused of rape in Minnesota
CNBC - 3 hours 17 min ago
Chinese billionaire Richard Liu was accused by a 21-year-old University of Minnesota student, who said Liu had forced her to have sex with him.

Reuters - The night a Chinese billionaire was accused of rape in Minnesota - 10 hours 1 min ago

COMMENTARY:

The Japan Times - The night a Chinese billionaire was accused of rape in Minnesota - 7 hours 55 min ago

Revival of 45 bankrupt companies will meet 50% of lenders' claims: IBBI Chairperson
Indiatimes - 3 hours 25 min ago
"The recovery from these 45 companies approved for resolution is about 50 per cent of the total claims of the creditors, which is very good," IBBI Chairperson M.S. Sahoo told.

COMMENTARY:

MarketWatch - The Wall Street Journal: Sears CEO makes biggest restructuring push so far to avoid bankruptcy - 1 hour 22 min ago

Zero Hedge - Norwegian Power Trader Facing Bankruptcy After Massive "Black Swan" Loss - 23 hours 40 min ago

UK's widening trade in goods deficit 'largely due to EU'
Fox Business - 3 hours 41 min ago
Britain's independent statistics agency says the country's trade in goods deficit widened almost tenfold over the past two decades largely because of a worsening in the trade balance with the other countries in the European Union.

German business confidence down slightly
Deutsche Welle - 4 hours 25 min ago
Business confidence in German boardrooms has decreased marginally, the latest monthly index by the ifo research institute reveals. Despite the ongoing US-China trade spat, executives expect the drop to be short-lived.

RELATED:

Fox Business - German business confidence holds up amid trade worries - 6 hours 35 min ago

Volvo halts Iran truck assembly due to U.S. sanctions
Reuters - 4 hours 55 min ago
Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday.

RELATED:

Indiatimes - Pompeo: No end to NKorea sanctions until 'denuclearization' - 19 hours 25 min ago

COMMENTARY:

The Japan Times - Mike Pompeo: No end to sanctions until North Korea’s ‘denuclearization’ - 12 hours 55 min ago

Hong Kong money rates soar to decade high ahead of Fed rate meeting for September
SCMP - 6 hours 10 min ago
Hong Kong’s short term money market rates soared to their highest levels in at least a decade on Monday because of expectations that the city’s lenders will raise their prime rates, in line with an expected US interest rate hike by the Federal Reserve, due at the conclusion of its two-day meetin ...

RELATED:

Reuters - Low interest rates spawn rise in number of zombie firms: BIS - 23 hours 9 min ago

COMMENTARY:

MarketWatch - Metals Stocks: Gold moves higher ahead of broadly expected Fed rate hike this week - 56 min 53 sec ago

China says U.S. trying to force it to submit on trade as new tariffs kick in
Reuters - 6 hours 19 min ago
The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global economic growth.

RELATED:

Reuters - China says U.S. trying to bully it into submission as fresh tariffs kick in - 7 hours 53 min ago

CNBC - US and China exchange new trade war blows as latest round of tariffs takes effect - 11 hours 22 min ago

COMMENTARY:

Zero Hedge - China Publishes Massive "White Paper" Explaining Beijing's Position On Trade War - 3 hours 23 min ago

The Japan Times - U.S., China impose fresh tariffs with no trade talks in sight - 9 hours 55 min ago

VIDEO:

CNBC Video - US trade focus on China is good for Europe — for now: Ifo president - 8 hours 1 min ago

Congress meets CVC on Rafale deal, demands registration of corruption case
Indiatimes - 6 hours 25 min ago
The meeting comes days after a Congress delegation met the Comptroller and Auditor General (CAG) and urged the apex auditor to prepare a report on the alleged irregularities in the deal and present it in Parliament.

RELATED:

Fox Business - As Venezuelans go hungry, Trump targets food corruption - 11 hours 20 min ago

Singapore fines Uber, Grab for 'anti-competitive' merger
Fox Business - 6 hours 48 min ago
Singapore's competition watchdog has fined ride-hailing giant Uber and its regional rival Grab 13 million Singapore dollars ($9.5 million) for a merger in Southeast Asia that the agency says has driven up fares and reduced competition in the market.

RELATED:

Fox Business - Randgold, Barrick Gold confirm merger creating $18.3B mining giant - 8 hours 43 min ago

SCMP - Singapore’s competition watchdog slaps Grab, Uber with US$9.5 million in fines over merger - 9 hours 30 min ago

Reuters - Singapore competition watchdog fines Grab, Uber $9.5 million over merger - 11 hours 8 min ago

COMMENTARY:

24/7 Wall St. - Is There Gold in the Merger of Barrick, Randgold? - 3 hours 20 min ago

TechCrunch - Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger - 9 hours 12 min ago

Oil jumps to a 4-year high after OPEC denies Trump and fails to raise output
CNBC - 6 hours 48 min ago
Oil prices rose 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel.

CNBC - Trump's tariffs threaten to shatter China's economy. It already has cracks - 10 hours 6 min ago

Fox Business - Some farmers worry Trump's bailout checks won't be enough - 10 hours 7 min ago

COMMENTARY:

Zero Hedge - China Vows Not To Negotiate Under Threat, As Trump Teases "Major Broadside" Against Beijing - 5 hours 23 min ago

The Japan Times - Despite close ties, Trump may put Japan in the firing line over U.S. trade tensions - 10 hours 55 min ago

Stock futures point lower as new US-China tariffs go into effect
Fox Business - 7 hours 39 min ago
The Trump administration placed tariffs of 10 percent on the $200 billion of Chinese products, with the tariffs to go up to 25 percent by the end of 2018. Beijing's new levies will be 5-10 percent.

RELATED:

Fox Business - China hikes tariffs on US imports - 9 hours 20 min ago

CNBC - China accuses US of 'trade bullyism' as both sides impose fresh tariffs - 9 hours 20 min ago

Indiatimes - Home modems, routers hit by US China tariffs as 'smart' tech goods escape - 9 hours 25 min ago

Deutsche Welle - Huge US-China punitive tariffs take effect - 9 hours 54 min ago

Reuters - Home modems, routers hit by U.S. China tariffs as 'smart' tech goods escape - 10 hours 15 min ago

BBC - US-China trade: US set to impose biggest round of tariffs yet - 12 hours 46 min ago

New York Times - the week ahead: U.S. Tariffs on Chinese Goods to Take Effect, and the Fed Will Meet - 20 hours 45 min ago

COMMENTARY:

LA Times - California Inc.: Trump's tariffs could take toll on holiday-season sales - 3 hours 25 min ago

MarketWatch - Currencies: Dollar adds to losses as new U.S.-China tariffs kick in - 3 hours 31 min ago

VIDEO:

CNBC Video - Most auto part retailers will be impacted by trade tariffs - 4 hours 12 min ago

German industry defends Nord Stream 2 gas pipeline
Deutsche Welle - 8 hours 11 min ago
The Federation of German Industry has said it's not bowing to increasing US pressure to drop the Russian-led Nord Stream 2 gas pipeline and buy US liquefied gas instead. The BDI adds it wouldn't make economic sense.

Google looking to future after 20 years of search
Indiatimes - 8 hours 55 min ago
In August 2004, Google went public on the stock market with shares priced at $85. Shares in the multi-billion-dollar company are now trading above $1,000.

RELATED:

Indiatimes - White House considers draft order to look into Google, Facebook - 11 hours 25 min ago

SCMP - Google shrugs off trade war at Shanghai AI event, says partnering with China on talent ecosystem is key - 17 hours 23 min ago

CNN - Google CEO: 'We do not bias our products to favor any political agenda' - 19 hours 43 min ago

COMMENTARY:

The Guardian - Google at 20: how two 'obnoxious' students changed the internet - 9 hours 25 min ago

Tariffs, the UN and the Fed headline the week ahead
Fox Business - 9 hours 49 min ago
The Federal Reserve meets on Tuesday. The decision on interest rates will be announced on Wednesday.

COMMENTARY:

MarketWatch - Bond Report: Treasury yields rise as investors await Fed meeting - 3 hours 27 min ago

Porsche eliminates diesel cars from its lineup
CNN - 17 hours 9 min ago
Porsche is ditching diesel for good.

RELATED:

Euronews - Porsche drops diesel in electric car push - 18 hours 10 min ago

Business News - The Last 24 Hours

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