Category: Business

  • Apple supplier shares slide after Trump tells tech giant to make products in U.S.

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    TAIPEI – Shares of Apple Inc (AAPL.O) suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports. Trump’s comment came after Apple told U.S. trade officials on Friday that proposed tariffs by Washington […]

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  • JD.com investors spooked by ‘key man risk’ after CEO accused of rape

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    HONG KONG/SHANGHAI – A U.S. police investigation into an allegation of rape against JD.com Inc CEO Richard Liu has hammered the e-commerce giant’s shares, with the case laying bare risks posed by his iron grip on management and the lack of other leaders to challenge him. Liu was arrested and then released without charge in […]

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  • Trump targets Nike as Kaepernick ads spark boycott calls

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    WASHINGTON – U.S. President Donald Trump on Wednesday criticized Nike Inc for its new advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked controversy by kneeling in protest during the national anthem. Trump, without offering evidence, said in a post on Twitter that the sportswear company was “getting absolutely killed with anger and boycotts.” […]

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  • Nike, Facebook set to weigh on Wall Street as trade worries linger

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    U.S. stocks were set to open lower on Tuesday, as declines in heavyweights such as Nike and Facebook added to worries over trade negotiations between United States and other major economies, following the Labor Day weekend. Nike (NKE.N) dropped 3.1 percent in premarket trading as calls for a boycott of the sportswear giant gained traction […]

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  • Plumbers Expected to be in High Demand in Coming Years

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    Just when you thought the worker shortage couldn’t get any more vexing, be advised that we are running out of plumbers. According to the Copper Development Association (CDA), over one half of America’s trade professionals are near retirement age and only 3 percent of the surveyed 18 to 25 year olds would consider a career […]

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  • World stocks slip for third day as trade, emerging market worries bite

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    LONDON  – Global stock markets fell for a third straight day on Monday, hurt by worries over the escalation of trade disputes between world powers and a deepening sell-off across emerging market currencies. With U.S. markets closed for Labor Day, trading activity was generally subdued. European shares were largely flat .GDAXI .FCHI, although London’s blue-chip […]

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  • Drones: The Upcoming Change in Contracting

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    From online reviews to satellite measurements, technology continues to disrupt the traditional way contractors do business. But many contractors remain in the dark about one of the biggest technology disruptions heading their way: drones. In fact, one in 10 companies with revenues of $50 million or more already use drones, according to a new report […]

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  • Coca-Cola quickly brews up Costa ‘Del Sol’ deal with Whitbread

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    LONDON  – The 3.9 billion-pound ($5.1 billion) sale of the Costa coffee chain to Coca-Cola (KO.N) began brewing when Whitbread’s boss Alison Brittain crossed paths with the chief executive of the soft drinks giant at a conference in May. Brittain, who has led Costa-owner Whitbread (WTB.L) since December 2015, didn’t know James Quincey before the […]

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  • Senate cancels postal service hearing; Trump’s Amazon crusade delayed

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    SAN FRANCISCO (Reuters) – A Senate hearing about reforming the U.S. Postal Service that could have scrutinized what Amazon.com Inc (AMZN.O) and others pay for package delivery has been delayed, three sources familiar with the matter told Reuters, moving back President Donald Trump’s effort to hike the world’s largest online retailer’s rates Trump has repeatedly […]

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  • As clock ticks, Canada and U.S seek ways to salvage NAFTA

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    WASHINGTON – Talks between Canada and the United States intensified on Thursday as the two countries pushed to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about the progress made so far. Despite some contentious issues still on the table, the increasingly positive […]

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