The emerging fault lines in the global trading system were laid bare as 11 Pacific Rim nations forged a new commercial bloc excluding the U.S., while President Trump signed orders to curb Asian imports.
(Reuters) - The Weinstein Company has entered into exclusive negotiations to sell the studio with a group of investors led by former Obama administration official Maria Contreras-Sweet, a source familiar with the matter said on Tuesday.
WASHINGTON/LOS ANGELES (Reuters) - U.S. President Donald Trump signed into law a steep tariff on imported solar panels on Tuesday, a move billed as a way to protect American jobs but which the solar industry said would lead to thousands of layoffs and raise consumer prices.
Negotiators from 11 Pacific Rim nations have agreed on a Trans-Pacific Partnership trade deal, a year after President Donald Trump withdrew the U.S. from the talks.
SYDNEY (Reuters) - Asian shares scaled record peaks on Wednesday as strong corporate earnings and optimism on global growth outweighed concerns over trade tensions, while a fresh burst of speculative selling took the U.S. dollar to three-year lows.
Walt Disney Co. will pay $1,000 cash bonuses to more than 125,000 workers and put $50 million into a new program to cover tuition costs for hourly workers, the company said Tuesday.
A former staffer at IPG’s Initiative media agency claims she was sexually assaulted by an employee of Dr Pepper, an important client, and agency executives retaliated against her.
Two months after cutting ties with Garrison Keillor, Minnesota Public Radio offered a lengthy explanation that appeared to contradict the prominent radio host’s own account of his ouster over allegations of inappropriate behavior.
PepsiCo’s Gatorade, a sideline staple for fatigued athletes that has long dominated the sports-drink market, needs a pick-me-up of its own as sales declined for the first time since 2012.
Household goods from diapers to toilet paper to razors are getting cheaper, but what is a boon for shoppers is squeezing profits at the world’s biggest consumer-goods companies.
United Continental Holdings Inc. said fourth-quarter net income rose 46% on a modest uptick in revenue and laid out plans to invest in hubs and add capacity to better compete with rivals.
Five workers were killed in a well explosion in Oklahoma, authorities said Tuesday, in the deadliest shale-drilling accident since the boom in U.S. oil and gas production began a decade ago..
(Reuters) - Texas Instruments Inc on Tuesday posted the slowest revenue growth in four quarters on softer demand for its chips used in communications equipment, disappointing investors who expected sales for automotive chips to drive strong results.
ATLANTA (AP) — Some of the nation's largest recording studios have joined forces in an effort to stop a music streaming service aimed at fitness enthusiasts from using songs by Beyonce, Justin Bieber, Green Day and other stars.
In a federal lawsuit filed in Atlanta, Sony Music Entertainment and more than a dozen other record companies say Fit Radio illegally infringes on their copyrighted recordings "on a massive scale."
The Atlanta-based streaming business is hurting artists who rely on music royalties, the music companies states in the suit filed recently in U.S. District Court in Atlanta. The lawsuit mentioned several major artists, including Beyonce, Jason Derulo, Green Day and others.
NEW YORK (Reuters) - The top U.S. securities regulator on Tuesday rejected arguments by Rio Tinto Plc and two former top executives that its civil lawsuit claiming they concealed the plunging value of coal assets owned by the big Anglo-Australian mining company should be dismissed.
DALLAS (AP) — Fourth-quarter profit at United Airlines jumped 46 percent and the carrier signaled that average fares would inch higher early this year, but its shares fell in extended trading Tuesday after executives spelled out aggressive growth plans.
Like its rivals, United is benefiting from strong demand for travel, which is filling more seats.
United is showing more ability to handle fare wars with discount carriers including Spirit Airlines. A key measure of average prices, revenue for every seat flown one mile, inched 0.2 percent higher in the fourth quarter. United predicted the figure would rise around 1 percent in the first quarter.
NEW YORK (Reuters) - JPMorgan Chase & Co sees brick-and-mortar banking as essential to expanding into more than a dozen markets over five years, even though customers do 80 percent of their transactions online or at ATMs, a bank executive said on Tuesday.
NEW YORK (Reuters) - United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity, likely threatening its profit margin as it is locked in a price war with low-cost carriers.
Weinstein Co.’s owners have entered exclusive negotiations to sell the embattled studio to a group led by businesswoman Maria Contreras-Sweet for a little more than $500 million, people close to the talks said.
WASHINGTON (AP) — The Senate on Tuesday approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month.
Senators voted 84-13 to confirm Powell to lead the nation's central bank, a post that is considered the most powerful economic position in government.
Powell will succeed Janet Yellen, the first woman to lead the Fed, when her term ends Feb. 3. Trump decided against offering Yellen a second four-year term as chair despite widespread praise for her performance since succeeding Ben Bernanke.
Powell, 64, has served for 5½ years on the Fed's board.
Prime Minister Narendra Modi of India, speaking at the World Economic Forum, called for embracing globalization and combating climate change. He didn’t mention his country’s moves to limit imports.
The departure of Anthony Noto, Twitter’s chief operating officer, raises concerns about a management vacuum at the social media company.
Spending on health care accelerated in 2016 for Americans who get insurance through work, even as use of most health-care services declined or remained flat, a new report found.
The next chairman of the Federal Reserve was backed by 85 senators, more than enough to confirm him as the successor to Janet Yellen.
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network.
Guillermo del Toro’s fantasy led the nominations, including one for best picture. “Three Billboards Outside Ebbing, Missouri” and “Dunkirk” also emerged as strong contenders.
WASHINGTON (AP) — Senate approves Trump nominee Jerome Powell as next chairman of Federal Reserve.
President Donald Trump’s move to slap tariffs on imported solar panels and washing machines is meant to revive domestic industries. But in the affected sectors, there is little agreement on whether it will actually jump-start U.S. manufacturing and jobs.
Broad levies taking direct aim at the two countries would most likely affect other trading partners of the United States, illustrating the complexity of global commerce.
Ms. Le Guin brought literary elegance and a feminist sensibility to science fiction and fantasy tales, drawing millions of readers around the world.
Trump move to tax some imports creates its own risks for US
WASHINGTON (AP) — President Donald Trump's decision Tuesday to tax imported solar cells and washing machines is meant to make good on his vow to reverse decades of U.S. support for free trade and to protect American jobs from foreign competition. But the tariffs could heighten tensions between the United States and its trading partners, slow the fast-growing U.S. solar-installation business and raise prices for American consumers.
CEO says company working to stop 'Tide pod challenge'
NEW YORK (AP) — P&G says it's working to stop the "Tide Pod challenge," a social media-fueled trend in which teenagers eat single-load laundry detergent packets.
Glaxo and Johnson & Johnson top a new measure of how drugmakers do against antibiotic-resistant bacteria, which are becoming a global emergency.
The deal with The Native is meant in part to fuse the auction house with a specialist in blockchain technology, a year after the company’s last merger failed.
SAN FRANCISCO (AP) — Uber has hired a new chief diversity officer, creating a senior position recommended by former Attorney General Eric Holder, who investigated sexual harassment at the company.
The ride-hailing company hired Bo Young Lee as its first chief diversity and inclusion officer. She held a similar post at the Marsh LLC financial services and insurance advisory firm. She starts at Uber in late March.
Lee will report to Chief Human Resources Officer Liane Hornsey. Her hiring was first reported by the tech website Recode. An Uber spokesman confirmed the appointment.
Holder was hired after former Uber engineer Susan Fowler posted a blog detailing how she was propositioned by her boss and her complaints were ignored.
NEW YORK (AP) — Technology and consumer-focused companies led U.S. stocks to more records Tuesday. Netflix soared after saying it gained more than 8 million subscribers at the end of 2017.
The Standard & Poor's 500 index gained 6.16 points, or 0.2 percent, to 2,839.13.
The Dow Jones industrial average slid 3.79 points to 26,210.81.
The Nasdaq composite climbed 52.26 points, or 0.7 percent, to 7,460.29.
The Russell 2000 index of smaller-company stocks advanced 5.54 points, or 0.3 percent, to 1,610.71.
For the week:
The S&P 500 is up 28.83 points, or 1 percent.
The Dow is up 139.09 points, or 0.5 percent.
The Nasdaq is up 123.91 points, or 1.7 percent.
The Russell 200 is up 13.08 points, or 0.8 percent.
NEW YORK (AP) — Technology and consumer-focused companies led U.S. stocks to more records Tuesday. Netflix, at the center of both groups, soared after saying it gained more than 8 million subscribers at the end of 2017.
Bond prices rose and yields fell after the Bank of Japan said it isn't cutting back its stimulus programs. Yields had reached long-time highs, and the decline helped high-dividend companies like utilities and real estate investment trusts. Health care and household goods companies fell after Johnson & Johnson and Procter & Gamble gave disappointing quarterly reports.
U.S. solar power companies spiked after President Donald Trump approved tariffs on imported solar-energy components.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Netflix Inc., up $22.71 to $250.29
The streaming video service gained more subscribers than industry watchers had expected in its latest quarter.
Johnson & Johnson, down $6.31 to $141.83
The health care and consumer products maker took a big one-time tax charge and said its expenses climbed.
Procter & Gamble Co., down $2.84 to $89.05
The consumer products giant reported solid quarterly earnings and sales, but analysts said its profit margins were weak.
Whirlpool Corp., up $5.33 to $171.98
The appliance maker rose after President Donald Trump announced a tariff on imported washing machines and solar power components.
Yingli Green Energy Holding Co.
Johnson & Johnson posted a rare quarterly loss, a whopping $10.71 billion, due to a $13.6 billion charge related to last month's U.S. tax overhaul.
While the loss was expected and the company's adjusted results beat Wall Street expectations, shares fell more than 4 percent, an unusually big swing for the health care giant.
On Tuesday, J&J reported a big jump in sales, but that was offset by sharply higher spending on production, marketing, administration and research, partly due to one-time charges.
The $13.6 billion charge is for a tax payment on years of accumulated foreign earnings, now being brought back to the U.S., that amount to more than $66 billion, Chief Financial Officer Dominic Caruso said in an interview.
PROVIDENCE, R.I. (AP) — Seven years ago, a computer beat two human quizmasters on a "Jeopardy" challenge. Ever since, the tech industry has been training its machines to make them even better at amassing knowledge and answering questions.
And it's worked, at least up to a point. Just don't expect artificial intelligence to spit out a literary analysis of Leo Tolstoy's "War and Peace" any time soon.
Research teams at Microsoft and Chinese tech company Alibaba reached what they described as a milestone earlier this month when their AI systems outperformed the estimated human score on a reading comprehension test.
None of the remaining competitors for the $20 million award will be able to get off the ground by March 31, a deadline that had already been extended multiple times.
NEW YORK (AP) — The latest on developments in financial markets (All times local):
Stocks are closing mostly higher as gains in technology companies and retailers are partly offset by losses in consumer goods makers.
Netflix soared 10 percent Tuesday after reporting a big gain in subscribers. Amazon climbed 2.7 percent.
U.S. solar power companies and Whirlpool rose after President Donald Trump approved tariffs on imported solar-energy and washing machine components.
Johnson & Johnson slumped 4.3 percent and Procter & Gamble lost 3.1 percent after each company reported disappointing results.
The Standard & Poor's 500 index rose 6 points, or 0.2 percent, to 2,839.
The Dow Jones industrial average fell 3 points, less than 0.
WASHINGTON (AP) — President Donald Trump's move Tuesday to tax imported solar cells and washing machines is meant to make good on his vow to reverse decades of U.S. support for free trade and to protect American jobs from foreign competition.
But the tariffs — already denounced by China, Germany and Mexico — are likely to heighten tensions between the United States and its trade partners, slow the U.S. solar-installation business and raise prices for American consumers. And even touchier trade cases lie ahead, involving China's overproduction of steel and aluminum and its theft of trade secrets, with consequences for American industry and workers.
The Competition and Markets Authority provisionally rejected 21st Century Fox’s proposed deal for the part of the satellite broadcaster it doesn’t already control.
Leaders from Oxfam, Microsoft, the Ad Council and more discussed sexual harassment, gender power dynamics and styles of leadership at the World Economic Forum.
SAN FRANCISCO (AP) — Apple is finally ready to launch its attempt to compete with the internet-connected speakers made by Amazon and Google with the release of its long-awaited HomePod.
Pre-orders for the HomePod will begin Friday in the U.S, U.K. and Australia, two weeks before the speaker goes on sale in stores for $349.
Apple had intended to release the HomePod last month during the holiday shopping season, but delayed its debut to refine the product.
Both Amazon's Echo and Google's Home speakers have been expanding their reach into people's homes since Apple announced the HomePod last June.
Elon Musk is known for his bold predictions on electric and self-driving cars. Now his pay could depend on whether those predictions come true.
Under a new all-or-nothing pay package, Musk would remain at Tesla Inc. for the next decade and see his compensation tied to ambitious growth targets.
The proposal, revealed Tuesday in a regulatory filing, requires that Tesla grow in $50 billion leaps, to a staggering $650 billion market capitalization.
The electric car maker, based in Palo Alto, California, is worth less than $60 billion today. Tesla must hit a series of escalating revenue and adjusted profit targets, only after which Musk would vest stock options worth 1 percent of company shares. He would get no other guaranteed compensation.
It’s one thing to run a business and it’s another to grow your business. The difference between the two is the use of the Pareto Principle, better known as the 80-20 rule. According to this principle, 80 percent of your results will come from only 20 percent of your efforts.
Since the aim of every business is to increase profits, a person who runs a business focuses on marketing and sales. Meanwhile, someone who grows a business will also focus on marketing and sales—but they will also apply the Pareto Principle to overheads. He or she will try to isolate the 20 percent of B2B services that increase 80 percent of the business’ performance.…
DALLAS (AP) — Americans are having fewer babies, and diaper makers are feeling the pinch.
Kimberly-Clark said Tuesday it will cut as many as 5,500 jobs, or 13 percent of its workforce, in an attempt to lower costs.
The job cuts come as the maker of Huggies and Kleenex — like other consumer-products companies — is seeing a decline in demand for some core products as U.S. birthrates fall.
According to the National Center for Health Statistics, the general fertility rate fell 11 percent between 2007 and 2016. Only provisional data is available for 2017, but it tells the same story: Women under 30 are having fewer children and aren't in the market for diapers, tissue and other products that new parents buy in bulk.
WASHINGTON (AP) — Federal Reserve board nominee Marvin Goodfriend said Tuesday he supports the Fed's political independence and its dual goals of achieving stable prices and low unemployment. But those assurances did not seem to satisfy Democrats who say Goodfriend's past policy positions are at odds with his current views.
Goodfriend, an economics professor at Carnegie Mellon University in Pittsburgh, faced tough questioning from Democrats on the Senate Banking Committee during his confirmation hearing. He won the backing of Republicans who spoke favorably of his conservative views.
NEW YORK (AP) — The Walt Disney Co. will give more than 125,000 eligible employees a one-time $1,000 cash bonus and invest $50 million in an education funding program.
The media company said Tuesday the bonuses will go to all full and part-time non-executive employees, either hourly or salaried, who have been with the company since January 1, 2018, and are based in the U.S.
Nearly 88,000 hourly employees will be eligible for the education program which will cover tuition costs. Along with the initial $50 million investment, the Burbank, California company will provide up to $25 million annually for the program.
Three weeks after President Emmanuel Macron’s overhaul of French labor rules went into effect, a wave of downsizing appears to be on the horizon.
Decades of diplomatic efforts to stem global warming have proven ineffectual because too many strategies have been taken off the table.
Recent commercial real estate transactions in New York City.
Unsurprisingly, across the entire 23 counties that Northwest Multiple Listing Service serves, King County had the lowest inventory. But King County's not alone.
Nationalist movements have lost some recent battles, but it’s way too soon to think they are receding.
Federal Reserve nominee Marvin Goodfriend told lawmakers he supports the central bank’s dual mandate to maintain stable prices and pursue maximum employment, despite his past comments suggesting the Fed should focus on inflation.
The maker of Huggies and Kleenex will lay off as much as 13 percent of its staff in an effort to save costs.
(Reuters) - Healthcare conglomerate Johnson & Johnson on Tuesday took a $13.6-billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately.
WASHINGTON (AP) — The unemployment rate fell to record lows in three U.S. states last month, as steady hiring soaked up more of those out of work.
The Labor Department said Tuesday that the jobless rate fell to the lowest levels since records began in 1976 in Hawaii, Mississippi and California. The rate in Hawaii was 2 percent, while Mississippi's dropped to 4.6 percent and California's declined to 4.3 percent.
Nationwide, employers added 148,000 jobs last month and the U.S. unemployment rate stayed at 4.1 percent. Employers added 2.1 million jobs last year, the fewest in seven years. Hiring typically slows as the unemployment rate falls and there are fewer people to hire.
DAVOS, Switzerland (Reuters) - The New York Stock Exchange took a swipe on Tuesday at its London rival in their battle to attract the foreign listing of shares in oil giant Saudi Aramco, saying it didn't need to "bend over backwards" to lure what could be the world's biggest IPO.
Apple will start selling its voice-activated speaker HomePod in stores Feb. 9, bringing an end to a delayed launch that cost the company sales during the critical holiday shopping season.
Whether they dazzle or intrigue, these desserts always work in a carefully thought-out way that defies the flashy concoctions on Instagram.
After years of delay, the Falcon Heavy — a beefed-up version of SpaceX’s workhorse Falcon 9 — could launch in the weeks ahead.
Over the next several months, state legislatures across the U.S. will be wrestling over how to respond to federal income-tax cuts that, paradoxically, could raise tax bills at the state level.
The Metrodome was replaced by U.S. Bank Stadium, which has drawn new offices, apartments, hotels, restaurants and a park to the area.
A new paper by two former Hillary Clinton aides, criticizing digital advertising as a tool for disinformation campaigns, captures a party’s increasing mistrust.
The global economy will gain momentum in 2018, driven in large part by recently approved U.S. tax-code changes, according to the latest forecasts of the International Monetary Fund.
Mr. Musk agreed to stay as chief executive for 10 years, with compensation tied to $50 billion leaps in Tesla’s valuation. Otherwise, he makes zero.
As a professional you experience a multitude of problems on daily basis. If you don’t know how to handle all the pressure, then you’ll break. So, what should a professional do? Read on.
“Just try and be present” is something people with anxiety and stress hear an awful lot. It’s not bad advice, but it’s also a little vague. No one really says what “being present” means. If it means moving forward with your life even in the face of adversity, then that’s a good thing to tell people.
We all want to be able to close our eyes and just experience life as it is in that particular instant, but it’s so much easier said than done.…
President Xi has talked about focusing on the quality of the economy, but Beijing still needs strong growth to ensure employment and social stability.
Managing taxes for your business is, well, taxing. It involves a lot of paperwork and several receipts, all of which you need to properly sort out and file. Even if you’re running a small business, taxes are still part of your responsibility, and this same goes for small e-commerce businesses.
Are Online Businesses Required To Pay Taxes?
One common misconception is that selling online does not involve paying taxes. Some e-commerce store owners may not know this, but paying taxes may be required in the area where your business market is operating.
In some places, taxation includes Internet marketplaces – that is, e-commerce websites like Amazon and eBay whose products are sold by individuals and not by the websites themselves.…
Business landing pages need to pop. Consumers and clients are very picky, and who can blame them when there are so many options at their disposal? Statistics show that 81% of shoppers do research online before making a purchase, 22% of businesses are happy with their conversion rates, and 72% of consumers who did a local search visited a store that was within 5 miles of their location.
These are impressive statistics, and one that really sticks out is that 78% of businesses aren’t happy with conversion rates.
It’s time to break away from this trend and make small changes to your landing page that can have a major impact on your sales.…
Business owners often look for ways their companies can improve. After all, nothing is ever perfect and the more your company evolves, the more likely it is you’ll succeed long-term. Fortunately, improving your business doesn’t mean you have to make drastic changes. There are small skills everyone in your company can learn to help improve your business processes. Start by focusing on these often-overlooked business skills.
1. Problem-Solving Skills
Problem-solving skills are essential to every business, but it’s not something that comes naturally to everyone. Consider offering a Six Sigma certification program to your employees to help them improve their problem-solving skills.…
In enacting a tax cut that is projected to raise annual federal-budget deficits to nearly $1 trillion in the coming years, Washington could be trading more growth now for the risk of more pain down the road.
Running a home business? If so, then home security is even more important for you. Not only protecting your personal well-being, but you also need to protect your business’ continuity. Indeed, it’s essential for peace of mind. It doesn’t matter if you live in a normally safe neighborhood. Unwanted, nefarious intrusions can happen anywhere, at any time.
For a long time, folks have been relying on security companies to guarantee their protection. However, many people are now finding it better to find their own ways of securing their home business. Here are some ways you can perform DIY home security.
Secure the Exterior of Your House
The outside of your house is what a criminal is going to use to determine whether it’s worth breaking into.…
Owning your own small business has many benefits, but they are benefits only awarded to the few willing to put in the work to receive them. With seemingly so many willing to at least attempt the feat, it is difficult to make your business stand apart from the rest in a beneficial way.
It’s rather easy to grab the spotlight for failure. It happens every day. With that in mind, below are a few ways you can build a solid foundation for years of dedicated customers and progressively growing profits.
Have you ever attempted to get the word out about a yard sale, church function, or a benefit for a friend or service?…
Managing a business comes with great responsibility, and CEOs can often feel like the responsibility of a whole company is resting firmly on their shoulders. There are times when a consultant can help carry some of that weight, whether that’s launching and marketing a new product or progressing your business through a specific stage of development.
But consultants can help businesses in many ways and do so much more than just lending a strong and steady hand. Here are four reasons your company might need one.
1. You need specific skills
Often as a CEO, you’ll need someone for your business with a set of specific skills.…
SEO continues to play a critical role in the marketing industry. Currently, nearly all consumers are using the various search engines to look for product information. Marketers have no otherwise but to look for better ways of marketing their products online. The competitive advantage of any store will now be achieved through the available online platforms.
Entrepreneurs need to be keen while choosing the best SEO strategies to use for their online marketing campaigns. First, the strategy you choose should be industry specific. You need to get to clients where they are found most. Clients can be categorized depending on their demographics and the kind of products you are using.…
Freelance jobs are bigger than ever now that technology and remote, or work-from-home, jobs are becoming increasingly popular in the workforce. And no, freelance work isn’t just for Millennials. In fact, nearly 40 percent of the workforce in the United States today is made of up freelancers!
Let’s take a look at some of the top trends in the freelance economy and their impact on both freelancers and freelance employers.
Freelance Work is Appealing
Freelance work has become so popular since it’s appealing to both employers and employees. Employers can hire freelancers to work on a per-project basis, short-term or sometimes even long-term contracts.…