Starbucks to boost pay, benefits after U.S. lowers corporate taxes
LOS ANGELES (Reuters) – Starbucks Corp will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million, the company said on We…
EU fines Qualcomm $1.2 billion over Apple chip deals
BRUSSELS (Reuters) – EU antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips, blocking rivals such as Intel.
Credit Suisse CEO says year off to good start
ZURICH (Reuters) – The year has got off to a good start as the U.S. economy performs well and market volatility picks up, Credit Suisse Chief Executive Tidjane Thiam said on Wednesday.
Dollar slides on U.S. Mnuchin remarks, booming Europe
LONDON (Reuters) – The U.S. dollar hit new lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed its weakness and figures showed that the euro zone economy started the year at its strongest pace in over a decade.
Air Baltic says likely to order Bombardier jets in coming months
DUBLIN (Reuters) – Latvia’s Air Baltic expects to buy more CSeries planes from Bombardier in the coming months, a senior executive said on Wednesday.
Mnuchin welcomes weaker dollar as U.S. makes Davos investment push
DAVOS, Switzerland (Reuters) – The U.S. Treasury Secretary Steven Mnuchin welcomed a weakening of the U.S. dollar on Wednesday as he and other top officials launched a major investment push at the annual Davos summit of business and political leaders.
Exclusive: China’s state-owned firms to face more mergers, bankruptcies
DAVOS, Switzerland (Reuters) – China’s state-owned enterprises will face more mergers and bankruptcies as the government overhauls the lumbering state sector, the head of the country’s state asset regulator told Reuters.
Plug wars: the battle for electric car supremacy
FRANKFURT (Reuters) – German carmakers hope a network of high-power charging stations they are rolling out with Ford will set an industry standard for plugs and protocols that will give them an edge over electric car rivals.
SoftBank looks to raise more debt using ARM, Uber stakes: The Information
(Reuters) – Japan’s SoftBank Group Corp is in talks with banks to raise as much as $5 billion in new debt by using its UK unit ARM Holdings as collateral, The Information website reported, citing people familiar with the matter.
Ukraine money-go-round: how $1.7 billion in bank loans ended up offshore
ARTSYZ, Ukraine/LONDON (Reuters) – When Ukrainian company Profit signed a $48.5 million deal with a British firm in 2014, it became part of what prosecutors in Ukraine say was a potentially criminal scheme that moved $1.7 billion from the country’s big…
