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Sears to take $443 million in charges arising from store closures

Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday.

Source: Reuters: Business News | 19 Dec 2018 | 12:29 pm(NZT)

Micron sales miss target as chip glut hurts prices

U.S. chipmaker Micron Technology Inc on Tuesday gave a quarterly sales and profit forecast well below Wall Street's estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening.

Source: Reuters: Business News | 19 Dec 2018 | 12:27 pm(NZT)

S&P flat as government shutdown threat, Fed decision loom

The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.

Source: Reuters: Business News | 19 Dec 2018 | 12:10 pm(NZT)

J&J moves to limit impact of Reuters report on asbestos in Baby Powder

Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased tens of billions of dollars from the company’s market value.

Source: Reuters: Business News | 19 Dec 2018 | 12:08 pm(NZT)

FedEx cuts 2019 view on European softness, global trade cool-down

U.S. package delivery company FedEx Corp on Tuesday cut its 2019 forecast after Europe's economy weakened and trade skirmishes exacerbated a slowdown in China, sending its shares tumbling 6 percent in after-hours trade.

Source: Reuters: Business News | 19 Dec 2018 | 12:06 pm(NZT)



Wall Street Stocks Inch Higher as Crude Oil Tumbles

The S&P 500 hit its lowest point in 2018 on Monday. An early rebound off those lows faded as energy stocks declined on Tuesday.

Source: NYT > Business | 19 Dec 2018 | 11:59 am(NZT)

Common Sense: CBS Is Footing Moonves’s Legal Bills, Giving Him an Incentive to Fight

When CBS ousted its former chief executive, it agreed to pay his legal bills into the future — an arrangement likely to cost CBS tens of millions.

Source: NYT > Business | 19 Dec 2018 | 11:53 am(NZT)

How to Help Teenagers Quit Vaping

Though options are limited for now, they exist. For starters, parents should recognize that they are confronting an addiction to nicotine, which is hard to break.

Source: NYT > Business | 19 Dec 2018 | 11:42 am(NZT)

Oil Prices Plummet 7% on Fears of a Glut

Higher production than expected in Russia and the United States suggest that an OPEC deal to reduce supply might not do enough to stabilize prices.

Source: NYT > Business | 19 Dec 2018 | 11:42 am(NZT)

Lockheed Martin wins $585 million U.S. defense contract: Pentagon

Lockheed Martin Corp has been awarded a $585 million U.S. defense contract for a Homeland Defense Radar in Hawaii, the Pentagon said on Tuesday.

Source: Reuters: Business News | 19 Dec 2018 | 11:29 am(NZT)



Judge mulls using monitor to oversee CVS during court process

A federal judge said on Tuesday that he was considering using a court-appointed monitor to make sure CVS Health Corp refrains from fully integrating with insurer Aetna while he examines the companies' settlement with the government.

Source: Reuters: Business News | 19 Dec 2018 | 11:05 am(NZT)

Yelp, Consumer Watchdog lose Google intervention bid

Search company Yelp and lobby group Consumer Watchdog lost their joint bid to intervene in Google's challenge of a 2.4 billion euro ($2.7 billion) EU antitrust fine after a court said they had no direct interest in the case.

Source: Reuters: Business News | 19 Dec 2018 | 11:03 am(NZT)

Uber gets approval from Pennsylvania to resume self-driving testing

Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show, nine months after it suspended the program following a deadly accident in Arizona.

Source: Reuters: Business News | 19 Dec 2018 | 11:01 am(NZT)

Trump pressures Fed before meeting, warns against 'another mistake'

U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank prepared to start its two-day policy meeting, warning the Fed's board not to "make yet another mistake" ahead of an expected interest rate hike.

Source: Reuters: Business News | 19 Dec 2018 | 10:44 am(NZT)

Stocks dip ahead of Fed news; oil prices drop

Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.

Source: Reuters: Business News | 19 Dec 2018 | 10:33 am(NZT)

Glencore's Katanga pays $22 million to settle Canada regulator probe

Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo.

Source: Reuters: Business News | 19 Dec 2018 | 10:31 am(NZT)

Stock Markets Are Wild, but Bond Markets Can Be Dangerous

The sell-off in stocks isn’t the only ominous economic sign emanating from financial markets. The bond markets, much more closely linked to the actual economy, are also flashing a warning.

Source: NYT > Business | 19 Dec 2018 | 10:29 am(NZT)

Addicted to Vaped Nicotine, Teenagers Have No Clear Path to Quitting

Parents, schools and public health experts struggle to find effective ways to help young people quit e-cigarettes. “There is no sound science yet.”

Source: NYT > Business | 19 Dec 2018 | 10:05 am(NZT)



Huawei’s ‘Wolf Culture’ Helped It Grow, and Got It Into Trouble

The Chinese tech giant cultivated a hard-charging spirit in its quest for world dominance. Some employees may have been pushed too far.

Source: NYT > Business | 19 Dec 2018 | 9:21 am(NZT)

France, Not Waiting for European Union, to Tax U.S. Tech Firms as ’19 Starts

With the ‘Yellow Vest‘ movement widening the country’s budget shortfall, the French government is accelerating a plan to hit companies like Apple, Facebook and Google with a big bill.

Source: NYT > Business | 19 Dec 2018 | 9:10 am(NZT)

Roland Fryer, Accused of Harassment at Harvard, Quits Economics Panel

The professor, a star in his field, resigned from the American Economic Association’s executive committee in the face of pressure from other members.

Source: NYT > Business | 19 Dec 2018 | 8:34 am(NZT)

Tinder and Bumble Are Hungry for Your Love

The big online dating rebrand means the apps want you to fall in love with them now.

Source: NYT > Business | 19 Dec 2018 | 8:11 am(NZT)

Unbuttoned: The Biggest Fake News in Fashion

Untangling the origins of a myth repeated so often that no one thought to question it.

Source: NYT > Business | 19 Dec 2018 | 7:27 am(NZT)

Trump warns US Fed against making 'yet another mistake'

US President advises the central bank to 'feel the market' ahead of an expected interest rate rise.

Source: BBC News - Business | 19 Dec 2018 | 7:25 am(NZT)

4 Takeaways from Xi Jinping’s Speech Commemorating 40 Years of Reform

At an event commemorating a leaders’ conclave in 1978, China’s president emphasized a singular message: Don’t question the wisdom, foresight and omnipotence of the Communist Party.

Source: NYT > Business | 19 Dec 2018 | 6:48 am(NZT)

Angling Direct: The company bucking the retail slump

Fishing enthusiasts helped Angling Direct to bumper takings on Black Friday.

Source: BBC News - Business | 19 Dec 2018 | 3:45 am(NZT)

Overdraft woes: 'We were one bill away from disaster'

A mother tells of her financial struggle as regulators outline plans to simplify overdraft fees.

Source: BBC News - Business | 19 Dec 2018 | 1:43 am(NZT)

BA to resume flights to Pakistan

Flights will restart more than 10 years after it halted services following a major hotel bombing.

Source: BBC News - Business | 19 Dec 2018 | 1:28 am(NZT)

Victoria Beckham fashion firm's losses deepen

The fashion label started by the former Spice Girl reports another loss and pledges to cut costs.

Source: BBC News - Business | 19 Dec 2018 | 12:41 am(NZT)

UK tech firm Blippar collapses into administration

One of the great hopes of the UK tech sector, Blippar, collapses following a funding dispute.

Source: BBC News - Business | 18 Dec 2018 | 10:51 pm(NZT)

Energy plans may cut £45 a year from bills

Proposals by the regulator would lead to lower returns for investors, but save customers money.

Source: BBC News - Business | 18 Dec 2018 | 10:43 pm(NZT)

Former CBS boss Les Moonves denied $120m exit pay

US broadcaster refuses Les Moonves' severance deal following claims of sexual misconduct.

Source: BBC News - Business | 18 Dec 2018 | 7:45 pm(NZT)

The millionaire make-up mogul behind Huda Beauty

The 35-year-old quit her job in finance and went on to build one of the world's biggest make-up brands.

Source: BBC News - Business | 18 Dec 2018 | 2:19 pm(NZT)

'My Christmas parcel ended up being recycled'

Courier firms are struggling to cope with the rise of online shopping, and tech can only help so much.

Source: BBC News - Business | 18 Dec 2018 | 1:22 pm(NZT)

Jaguar Land Rover struggling to return to top gear

Britain's largest carmaker faces a difficult year amid fears that big job cuts are on the way.

Source: BBC News - Business | 18 Dec 2018 | 1:17 pm(NZT)

UK accountancy firms face major overhaul under new plans

Regulator says 'robust reform' of the audit market is needed after high-profile company failures.

Source: BBC News - Business | 18 Dec 2018 | 1:05 pm(NZT)

















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