Shkreli sentence turns on antics, investor impact of crime
(Reuters) – Former drug company executive Martin Shkreli could spend years in prison for Friday’s investor fraud conviction if the judge focuses on the intended impact of his crime and his “Pharma Bro” social media antics, according to legal experts.
U.S. cable firms embrace former foe Netflix as TV viewing shifts
(Reuters) – A growing number of U.S. cable operators are forming alliances with Netflix Inc NFLX.O, a shift that is helping the streaming pioneer add customers as its largest single market matures.
Russia: new EU sanctions over Siemens turbines violate international law
MOSCOW (Reuters) – Russia said on Saturday the European Union’s decision to sanction a Russian deputy energy minister over the delivery of Siemens’ turbines to Moscow-annexed Crimea was politically motivated and illegal.
Nissan Mississippi workers vote heavily against unionization
CINCINNATI (Reuters) – Workers at Nissan Motor Co Ltd’s plant in Canton, Mississippi, voted nearly two to one against union representation, the company and the United Auto Workers (UAW) said late on Friday.
Amazon shadow looms large ahead of retail earnings
NEW YORK (Reuters) – As old and new Amazon.com competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer.
General Motors recalling nearly 800,000 pickup trucks worldwide
WASHINGTON (Reuters) – General Motors Co is recalling nearly 800,000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks worldwide that could lose power steering, according to documents made public Friday.
Under Armour’s game plan to revive sales could hit snags
(Reuters) – Under Armour Inc , which became a sensation riding the athleisure trend a few years ago, laid out a strategy this week to stanch a steep decline in sales growth but the company’s progress could hit roadblocks.
Berkshire profit falls as underwriting loss offsets railroad gains
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday reported a 15 percent drop in second-quarter profit, as lower investment gains and a loss from insurance underwriting offset improvement in its BNSF railroad business.
Apple to launch watches that can make calls: Bloomberg
(Reuters) – Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter.
Tesla lowers price of Model X, saying margins improved
SAN FRANCISCO (Reuters) – Tesla Inc on Friday lowered the base price of its Model X SUV to $79,500 and said improving margins were behind the move, which came as the automaker is ramping up production of its new lower-priced Model 3.
