Business

Trump Rebukes Rexnord Again For Moving Jobs To Mexico

President Donald Trump took aim again on Sunday at Rexnord Corp (RXN.N) for the industrial supplier's decision to move jobs to Mexico from Indiana. Milwaukee-based Rexnord announced plans in October to move a bearing plant and its 300 jobs from...

Australia To Hold New Inquiry Into ‘Big Four’ Banks

Australia will hold an inquiry into competition in the country's financial system, following a series of scandals in the banking sector and public allegations against the "Big Four" banks of abuse of market power. The latest inquiry is part of...

More Bucks For Bang: Netmarble Founder Urges South Korea To Support Start-Ups

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When mobile gaming firm Netmarble Games (251270.KS) debuts on Friday, its founder Bang Jun-hyuk will be the only billionaire in South Korea's top-10 wealthiest stock holders with no ties to the chaebol, the mainly family-owned industrial conglomerates that dominate...

Old-Guard Retail Back In The Cross Hairs

A glance at the U.S. stock market's main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers. After all, the $1.16 trillion S&P 500 retail index .SPXRT...

Portland, Oregon To Demand Controversial Uber Software Tool

The city of Portland, Oregon plans to subpoena Uber Technologies Inc to force it to disclose software that helped its drivers evade local transportation regulators, a city official said on Friday. Uber has acknowledged using the software, known as Greyball,...

Shareholder Advisors Challenge SAP Board In Row Over Pay

Leading shareholder advisors have called on SAP (SAPG.DE) investors to oppose the supervisory board of Europe's largest technology company in a dispute over management pay. Institutional Shareholder Services (ISS) took issue with the supervisory board's unwillingness to acknowledge any need...

CBN Boosts Forex Supply With $389m

SAN FRANCISCO, May 05, (THEWILL) - The retail segment of the interbank forex market received a huge boost on Friday, May 5, 2017, as the Central Bank of Nigeria (CBN) intervened with a total sum of $388.66 million sold...

How Drugmakers Face Global Push-Back On High Prices

Pharmaceutical companies are under fire around the world as a wave of new treatments for cancer and other serious conditions reach the market at ever rising prices, and the pressure looks set to increase. Next week the debate on drug...

United Air To Face Second Congressional Grilling At Senate Hearing

United Airlines (UAL.N) will be back in the hot seat on Thursday when the U.S. Congress holds its second hearing this week to examine the circumstances surrounding the forced removal of a passenger from a Chicago flight last month. United...

Apple To Create $1 Billion U.S. Advanced Manufacturing Fund

Apple Inc (AAPL.O) plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating U.S....