Veiled marketing: Anti-smoking groups slam Indonesia’s Big Tobacco
JAKARTA (Reuters) – Anti-smoking groups in Indonesia have slammed Big Tobacco for promoting sales by giving retailers cash rewards, shopping vouchers and even money to renovate, urging authorities to enforce advertising curbs to safeguard public health…
Oil prices gain as record gasoline demand offset disappointing crude data
NEW YORK (Reuters) – Oil prices gained in choppy trading, as soaring refined product demand overshadowed data from the U.S. Energy Department that showed crude inventories did not fall as much as expected last week.
Tech stocks bask in Apple glow, Dow eyeing 22,000
LONDON (Reuters) – Asian technology stocks hit 17-year peaks and Wall Street’s Dow index looked set to break 22,000 points later on Wednesday, as blockbuster earnings from Apple rippled out to component makers globally.
Exclusive: Venezuelan oil supply to Phillips 66 falls amid quality issues
HOUSTON (Reuters) – Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at least one cargo in recent months, according to…
Bitcoin splits, but clone off to slow start
NEW YORK (Reuters) – Bitcoin’s underlying software code was split on Tuesday, generating a new clone called “Bitcoin Cash,” but the new virtual currency got off to a slow start due to lackluster support for its network.
Activists attack Wisconsin’s Foxconn deal as harmful to wetlands
(Reuters) – Activists on Tuesday attacked Wisconsin’s plan to waive environmental reviews for Taiwanese electronics manufacturer Foxconn’s proposed $10 billion LCD flat-screen factory, calling it a roadmap to destruction of precious state wetlands.
Apple shares sail to record high on healthy iPhone sales
(Reuters) – Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading.
Investor Einhorn sees cash burn at Tesla, sticks with short bet
BOSTON (Reuters) – Billionaire investor David Einhorn, who has been hurt by his bet against Tesla Inc, said on Tuesday that the electric car maker is over-valued and that the company is not adequately capitalized.
Discovery gains female advertising audience with Scripps deal
NEW YORK (Reuters) – Discovery Communications Inc, whose nature and science TV channels attract mostly male viewers, will reach more women and diversify its advertising revenue through its acquisition of Scripps Networks Interactive Inc, advertisers sa…
Goldman CFO Chavez: Bond trading conditions not improved since second quarter
(Reuters) – Goldman Sachs Group Inc Chief Financial Officer Marty Chavez said on Tuesday that the market for fixed income trading has not improved much since the second quarter.
