Business: Latest Financial Topics from CNBC

06chinatarget-master675

Here are the latest Business News from CNBC.

Virtual reality coming to a Six Flags near you
Six Flags is adding virtual reality technology to a selection of its roller coasters in 2016.

Airbus plane narrowly avoids collision with drone
An Airbus A320 jet narrowly avoided colliding with a drone while descending for an approach to Paris Charles de Gaulle airport.

AOL’s surprising effect on political campaigns
AOL email addresses are worth more than other domains to political campaigns. Data from Fluent breaks down the age and amounts of donor solicitation.

Yes, Trump could still lose
He remains the GOP front-runner. But if he loses the biggest states, it isn’t over, Politico’s Ben White says.

A great job market for millennials
Millennials stand to benefit from a tightening jobs market, says Robert J. LaBombard. Here are his best tips for job-hunting college grads.

Samsonite zips up $1.8B deal to buy Tumi
Samsonite said the deal enables it to expand into the “highly attractive” premium segment of the global business bags and accessories market.

Willingness to eat at Chipotle increasing: Survey
A survey released late Thursday appears to show the worst may be over for Chipotle, with consumers showing more willingness to eat at the chain.

Yahoo may sell up to $3B in ‘non-core assets’: CFO
Yahoo is exploring a sale of $1 billion to $3 billion in its non-core assets, according to its CFO Ken Goldman.

These are your best trades when junk bonds rally
As recent market gains have renewed risk appetite, junk bonds are getting a fresh look.

Book sales fall but we love to listen
Sales of print and digital books are struggling, despite World Book Day. However, one area is bucking the trend: Audio books.

VW to pay staff bonuses for 2015 despite scandal
Volkswagen will pay employees a bonus for 2015, despite the scandal over defeat devices.

Google is donating $1M to fight Zika
Alphabet’s Google said its engineers were working with the U.N. child agency to map and anticipate the spread of the Zika virus.

Can Uber’s safety promise lure rickshaw users in Pakistan?
Uber has launched in Lahore with specific steps to ensure rider safety, hoping to lure those who don’t fancy braving the city’s notorious traffic.

IBM sues Groupon over alleged patent infringement
International Business Machines filed a lawsuit on Wednesday against daily deals website operator Groupon alleging infringement of its patents.

Scandal-hit Toshiba seeks new $2.2B lifeline
Toshiba has sought 200 billion yen to 250 billion yen in loans from three lenders, the Nikkei Asian Review reported.

SIA CEO: New A350 is a game-changer for us
After a near ten-year wait, Singapore Airlines has taken delivery of its first Airbus A350-900.

Blood pressure phone app misfires dangerously
Study shows hypertension patients who used this app were at risk of a misreading.

Forget blenders: They really want honeymoon cash
One website that helps couples raise honeymoon cash raised $90 million last year — a 50 percent jump from the previous year.

Target to spend up to $2.5B a year on upgrades
The retailer pushes for growth in their digital sales as it invests billions in its supply chain and technology infrastructure.

Former Google CEO to head new Pentagon board
Eric Schmidt will lead this advisory board, created to spark innovation across the US military by building bridges to the tech industry.

‘Extraordinary’ death rates boosting this firm
British funeral firm Dignity reported a spike in profits Wednesday after an “almost unprecedented” rise in U.K. deaths last year at rates not seen since 1952.

Banks can deal with low rates: ECB’s Coeure
Banks have dealt well with low interest rates and their problems are not caused by loose monetary policies, an ECB official said.

Japan enlists Toshiba’s help to win $36B Aussie sub deal
Japan has enlisted electronics firm Toshiba to help it try to win Asia’s biggest defense contract, three sources said.

LSE ‘officially in play’, ICE may need hefty offer
From the outset the 16-year old ICE has looked to the UK capital to help give its business scale, The Financial Times reports.

AB InBev a step closer to SABMiller takeover
AB InBev moved closer to completing its $91.22B takeover of SABMiller, after China Resources Beer agreed to a buy out, the FT reports.

Top cars from the 2016 Geneva Motor Show
As the 86th Geneva International Motor Show kicks off, CNBC takes a look at some of the top new cars which have already been unveiled.

Former Starbucks COO Troy Alstead will not return
Starbucks disclosed late Tuesday that former Chief Operating Officer Troy Alstead will not return to the company.

Jamie Dimon to Wells Fargo: Go ahead, make my day
Dimon did a little smack-talking to Wells Fargo about competing globally. But Breakingviews’ Jeffrey Goldfarb isn’t so sure about that advice.

Investing in the Middle East and North Africa
For this edition of “Access: Middle East,” CNBC’s Hadley Gamble talks to key business leaders at the “Red Sea Debate.”

Atlanta Fed sees sub-2% US growth in Q1
The Atlanta Fed says modest growth in consumer spending is behind the U.S. economy growing below 2 percent in Q1.

NY court revives Trump University fraud claim
A New York appeals court revived a fraud claim brought against Trump University, a for-profit investment program.

Ford pedaling bicycle technology

UK roller coaster to reopen despite serious crash
A U.K. roller coaster is set to reopen just nine months after a crash that seriously injured five people.

Deutsche Telekom not selling T-Mobile US: sources
Deutsche Telekom has put the sale of T-Mobile US on ice as an auction of radio airwaves will keep it busy this year, sources said.

Yahoo may write down goodwill value of Tumblr
After spending $1.1 billion on Tumblr, Yahoo may write down the site’s value following high traffic, but little revenue.

Russian oil firms won’t increase output in 2016: Putin
Russian oil firms have agreed not to increase oil production this year, says Putin.

Glencore takes $5.8B charges, profit down 32%
Miner and commodity trader Glencore reported $5.8 billion of charges mostly due to the slide in commodity prices.

Ackman: Uncertainty on Valeant will be over in weeks
Investor Bill Ackman told CNBC he expected under-fire pharma company Valeant to take just weeks to sort out the issues hammering its share price.

Tencent ups stakes in China’s mobile payment war
From March 1, WeChat will charge users a fee when they transfer more than 1,000 yuan ($153) from the app’s digital wallet to their bank account.

10 safe havens during the market ‘death spiral’
CNBC highlights the markets, currencies and securities that have performed well since the start of the year. Some might surprise you.

Barclays overhauls business, cuts dividend
U.K. bank Barclays announced further restructuring and cut its dividend as it reported its full-year results which showed a fall in pre-tax profit.

New data looks set to force Japan into Q4 GDP revision
Slowing momentum in Japanese capital investment in Q4 suggests a revision downward on GDP is imminent, commentators said.

Anger over late hitch in Foxconn’s Sharp deal
A late hitch to Foxconn’s takeover of Japan’s Sharp brought simmering distrust between the two close to boiling point, sources said.

Is Bamberger’s returning to a mall near you?
Macy’s gives up some famous nameplates like Bamberberg’s and Robinson’s.

Chocolate bar chain Max Brenner up for sale: Report
A New-York based restaurant known for its sweet treats is up for sale, according to sources.

Ouch! Oscars hit lowest rating since 2008
The 88th Academy Award ceremony faced a boycott and has been under scrutiny for its lack of diversity in nominations.

Craft beer at risk after poor harvest of this crop
A European drought led to a poor harvest of this crop, putting craft beer at risk, reports the Financial Times.

If Super Tuesday is a done deal, then what
If Donald Trump and Hillary Clinton run the tables on Tuesday, Politico’s Ben White explains how the race could unfold.

4 reasons why the Oscars wasn’t all about film
For a night dedicated to celebrating achievements in film, politics seemed to take center stage at Sunday’s Academy Awards.

GE’s Immelt: ‘Most gov’t policy is anti-growth’
General Electric Chairman & CEO Jeff Immelt discussed what he believes will drive the “next great wave of productivity.”

Argentina’s 15-year-old bond dispute ends
Argentina has signed an agreement that puts an end to a 15-year-old dispute over defaulted bonds with US hedge funds.

The challenges of using blockchain technology
Blockchain technology has the potential to revolutionize finances but companies will have to overcome several challenges.

Ex-Deutsche exec Jain to join online lender SoFi
Anshu Jain, the former co-chief executive of Deutsche Bank, is to join SoFi as an adviser, The FT reports.

Salesforce CEO: I’d leave Georgia over gay rights
Salesforce.com CEO Marc Benioff and a Georgia lawmaker publicly clashed after Benioff threatened to divest from the state.

United Tech says Honeywell bid undervalues company
United Technologies said Honeywell International’s offer grossly undervalued the company and overstated potential synergies.

Facebook’s Sandberg applauds Indian detergent ad
A new detergent advert addressing gender inequality has gone viral, even receiving the backing of Sheryl Sandberg.

Lands’ End apologizes for Gloria Steinem feature
Lands’ End has issued an apology to customers after it featured a leading feminist in their Spring catalog.

Ships are skipping the Suez Canal thanks to oil
The price of oil is allowing cargo vessels to avoid the Suez and Panama canal tariffs and take the long way round Africa instead.

Chinese accounting is ‘highly questionable’: Strategist
One strategist claims Chinese businesses are using “accounting trickery” to mask underlying credit problems.

Dow Chemical to pay $835M to settle price-fixing case
Dow Chemical said it has agreed to pay $835 million to settle a suit claiming the company artificially inflated polyurethane prices.

Republic Airways files for Chapter 11 protection
Regional carrier Republic Airways filed for Chapter 11 bankruptcy protection on Thursday, after several quarters of falling revenue.

Noble flags refinancing on track despite losses
Noble Group expects to refinance its debt early, after reporting its first annual loss in nearly 20 years on Thursday, battered by weak coal prices.

‘China’s Google’ Baidu reports 33% jump in revenue
Baidu reported a 33 percent increase in quarterly revenue as more advertising money flowed into its core search engine business.

Inflation remains elusive in Japan
Japan’s January CPI were unchanged from a year ago, suggesting that falling energy costs will keep inflation below the BOJ’s 2 percent target.

SGX in talks to buy London’s Baltic Exchange
The Singapore Exchange has put in a bid to buy the Baltic Exchange, months after the LME made an approach to buy the storied London exchange.

Stock picks to survive an economic downturn
Uncertainty about the global economy, the markets and oil has some market players using the R word again.

Theme park owner to be prosecuted after coaster crash
The owner of Alton Towers is to be prosecuted after one of the attraction’s roller coasters crashed.

Third of global firms now hit by cybercrime
Economic crime is rising, with cybercrime affecting almost a third of global businesses, according to the latest survey by PwC.

BHP spin-off South32 reports $1.7B H1 loss
Australia’s South32 reported a first-half loss of $1.7 billion, hurt by big writedowns for its manganese and energy coal businesses.

Sharp board accepts Foxconn offer: Nikkei
The takeover would be the largest acquisition by a foreign company in Japan’s insular technology sector, the Nikkei daily reported.

EU has gone too far targeting US companies
The US cannot allow Europe to be this aggressive in penalizing US firms just to fill its budget holes, says Business Roundtable President John Engler.

No salt warning? NYC chains can be fined
Judge ruled Wednesday to allow NYC to enforce the first-of-its-kind rule to fine restaurants for not posting salt warnings.

March is ‘go or no go’ for Bouygues merger: Orange
Orange’s deputy CEO hopes a decision over a Bouygues Telecoms merger will be made clear soon.

France seeks $1.8B in back tax from Google: Report
France is seeking 1.6 billion euros in back taxes from Google, a source revealed Wednesday.

MasterCard to replace passwords with selfies
MasterCard customers will soon be able to replace their passwords with a “selfie” and a fingerprints to verify their identity.

Airbus Group profits in line, raises A330 output goal
Airbus Group posted 2015 profit in line with forecasts on Wednesday and announced plans to reverse part of a planned production cut of A330 aircraft.

Zurich Insurance explores HK, Singapore sale
Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe.

Monster Beverage buying longtime flavor partner
Monster Beverage announced on Tuesday that it will acquire American Fruits & Flavors, its longtime business partner.

Google is sinking into an antitrust quagmire
Google’s parent Alphabet is stuck in an antitrust probe that could open the door for competitors like Facebook, says Robert Cryan in Breakingviews.

Fmr JPM trader: London Whale debacle not my fault
Former JPMorgan trader Bruno Iksil said he is not to blame for the “London Whale” scandal and was made a scapegoat.

Recession ahead? Here are three signs
Consumers are optimistic, but investors are worried and CEOs are pessimistic. Could this “trifurcation” lead to economic recession, asks Bart van Ark.

David Hertz: The potential for food
David Hertz is one of those rare people who has put into practice his ideas for helping the world.

Shutterfly approached with buyout proposal: Report
Private equity firm Thomas H. Lee Partners LP has approached Shutterfly with a preliminary acquisition proposal.

Viacom pursuing deal to sell stake in Paramount
Viacom CEO Philippe Dauman said on Tuesday that Viacom is pursuing a deal to farm out a minority stake in Paramount.

Why Britons are upset about a man in hotpants
The U.K.’s watchdog, the Advertising Standards Authority, has published a list of the most complained-about ads from 2015.

Would be ‘fantastic’ to have a female president: Gates
With the world focusing on the U.S, elections, the debate about what makes a suitable leader has never been fiercer.

Qantas posts record H1 profit, announces buyback
Australia’s Qantas Airways on Tuesday posted a record first-half profit as the lower oil price shrank its biggest single overhead.

Two Democrats to offer bill aimed at inversions
Two Democrats plan to introduce a bill aiming to curtail a strategy used by former American companies to cut their U.S. taxes.

Top OPM official retires after massive data breach
Donna Seymour, CIO of a US personnel agency, announced her retirement Monday as some Republicans call for her resignation.

Peter Mondavi, Napa Valley wine pioneer, has died
Peter Mondavi led his family’s Charles Krug Winery through more than 50 years of change and innovation in California wine-making.

IRS audit rates of large firms hit 10-year low
Firms with at least $10 million in assets faced the lowest IRS audit rates in at least a decade, USA Today reports.

IBM inks deal with VMWare, grows cloud computing
The agreement will facilitate companies using VMWare’s virtualization products to deploy and run them on IBM’s cloud data centers.

Dividend drought to hit the UK
A slump in commodities prices and sluggish growth in some of the U.K.’s leading industrial sectors will hit investors’ income.

FBI: We don’t want to break anyone’s encryption
FBI Director James Comey said forcing Apple to help unlock the iPhone of one of the San Bernardino shooters is no big deal.

London mayor pushes for Brexit, UK Inc disagrees
The bosses of Britain’s biggest companies are to back David Cameron in his fight to keep the country in the EU, reported The Financial Times.

S&P may cut Icahn Enterprises to ‘junk’ status
After heavy losses, S&P warns it may cut the credit rating of Icahn Enterprises to junk status.

How to play a rebound in hard-hit tech sector
For years, the technology sector has been on a tear. But this year, it’s fallen on hard times. Here’s how to play a rebound.

Hiring in these sectors is broken: Startup
Recruitment is broken in the services sectors because it is stuck in the past, according to the founder of an app for job seekers.

Smartwatches overtake Swiss watch shipments: Study
Smartwatch producers shipped out more of their devices than top-notch timepieces at the end of last year.

Europe slides as oil, autos tumble; earnings eyed
European markets fell into the red on Friday as investors eyed the latest moves in oil.

Be the first to comment on "Business: Latest Financial Topics from CNBC"

Leave a comment

Your email address will not be published.


*


Time limit is exhausted. Please reload the CAPTCHA.