Amazon’s $1.5 million political gambit backfires in Seattle City Council election
Seattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, reviving chances for a tax on big businesses that the tech giant helped fend off last year.
Airbnb, Chobani among companies to oppose U.S. asylum work permit slowdown
Airbnb, Chobani, Western Union and a dozen other companies are urging the withdrawal of a Trump administration proposal to slow down the work permit approval process for asylum seekers.
SunPower to split into two publicly listed companies
U.S. solar company SunPower said on Monday it would split into two publicly traded companies, separating its operation that manufactures solar panels from storage and energy services.
China’s Jingye Group in talks to buy British Steel
China’s Jingye Group is in talks to buy British Steel, it said on Monday, in a deal estimated to be worth 70 million pounds ($90 million) that could protect thousands of British jobs.
Oil falls after Trump downplays optimistic China trade reports
Oil prices dipped on Monday after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war.
HSBC and RBS set to launch new digital banking platforms
British banking heavyweights HSBC and RBS are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.
Exclusive: Hedge fund Whitebox places big bet on gunmaker Remington
Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street’s ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company.
Exclusive: Goldman Sachs plans shift from revenue goal at first investor day
More than two years ago, Goldman Sachs Group Inc told investors it would find $5 billion in fresh annual revenue by 2020. Now, the bank may move away from that goal to focus on a wider range of metrics.
China October new bank loans dip to 22-month low, more easing expected
New bank loans in China fell more than expected to the lowest in 22 months in October, but the drop was likely due to seasonal factors and policymakers are still expected to ramp up support for the cooling economy in coming months.
Adidas to close German, U.S. robot factories
Adidas plans to close high-tech “robot” factories in Germany and the United States it launched to bring production closer to customers, saying on Monday deploying some of the technology in Asia would be “more economic and flexible”.
