Starbucks executive Schultz to step aside, mulling ‘range of options’
LOS ANGELES/NEW YORK (Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping away from the coffee chain he built into a global powerhouse, putting management firmly into the hands of Chief Executive Kevin Johnson, who had an office connected to the co-founder’s and regularly turned to Schultz in times of crisis.
Ex-Goldman Sachs programer seeks to overturn code theft conviction
NEW YORK (Reuters) – Former Goldman Sachs Group Inc programer Sergey Aleynikov on Monday filed a new challenge to his criminal conviction of stealing computer code from the investment bank when he left for another job.
Total virtual currency sales jump in 2018 but monthly trend slows: report
NEW YORK (Reuters) – Virtual currency sales ballooned to $9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown …
Apple focuses on speed, parental controls in software upgrades
SAN JOSE, Calif. (Reuters) – Apple Inc on Monday unveiled software upgrades that would let older iPhones run faster, help parents limit their children’s screen time and make its Siri voice assistant work more like a rival feature from Amazon.com .
Canada faces significant risks from U.S. tax, trade policy: IMF
OTTAWA (Reuters) – The International Monetary Fund (IMF) said on Monday that while Canada’s economy has performed well, it faces significant risks including trade tensions and a potential hit to competitiveness from lower U.S. corporate taxes.
Tech rally helps Wall Street push higher, Nasdaq has record close
NEW YORK (Reuters) – Wall Street’s three major indexes rose on Monday, led by a rally in tech stocks, pushing the Nasdaq to a record closing high as investors bet on a continuation of strong economic growth, while falling oil prices weighed on the ener…
Starbucks Executive Chairman Howard Schultz steps down
(Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping down, effective June 26, the world’s biggest coffee chain said on Monday, fuelling speculation that the outspoken, liberal-leaning executive will make a U.S. presidential bid.
Tech, consumer stocks lift Wall Street
NEW YORK (Reuters) – Wall Street’s three major indexes rose on Monday, with technology and consumer stocks providing the strongest boost as investors bet on a continuation of strong economic growth while falling oil prices weighed on the energy sector….
SEC fines New York firm deVere $8 million over UK pension advice conflicts
NEW YORK (Reuters) – The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose conflicts of interest to hundreds of clients with UK pe…
With maple syrup tariff, Canada-U.S. trade dispute spills beyond metals
TORONTO (Reuters) – Canada’s retaliation against U.S. President Donald Trump’s steel and aluminum tariffs includes proposed duties on maple syrup, a nod to a national symbol and a powerful industry in the French-speaking province of Quebec that could h…
