Exclusive: Snap’s secrecy frustrates banks’ pursuit of IPO glory
(Reuters) – Some investment banks seeking to be added as underwriters to Snapchat owner Snap Inc’s initial public offering registration document have been denied access to review it before it is made public this week, according to people familiar with …
Samsung Electronics may build U.S. plant for home appliances: source
SEOUL (Reuters) – Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump…
Dan Loeb: Trump will make hedge funds great again
NEW YORK (Reuters) – U.S. hedge fund manager Dan Loeb is betting President Donald Trump will be good for investments thanks to his planned mix of tax cuts, reduced regulation and infrastructure spending.
Toyota a Japanese brand, but also a U.S. manufacturer: company president
TOKYO (Reuters) – Toyota Motor Corp President Akio Toyoda said on Thursday his company had increased its U.S. production in the past three decades, and that the Japanese brand should also be considered as a U.S. manufacturer.
Japan PM says meeting with Toyota president was decided months ago
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Thursday that his plans to meet with Toyota Motor Corp Chief Executive Akio Toyoda on Friday were arranged months ago and he did not suddenly summon Toyoda in response to U.S. rhetoric on tr…
As private lawyer, Trump high court pick was friend to business
WASHINGTON (Reuters) – As a lawyer in private practice for a decade, President Donald Trump’s U.S. Supreme Court nominee Neil Gorsuch often fought on behalf of business interests, including efforts to curb securities class action lawsuits, experience t…
Samsung Electronics to launch web payments service for Android phones in South Korea
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd said on Thursday it will launch a mobile web payments service for all smartphones powered by Google Inc’s Android mobile operating system in South Korea in the first quarter.
Facebook eases past Wall Street estimates, sees spending up in 2017
(Reuters) – Facebook Inc cruised past Wall Street’s earnings and revenue expectations on Wednesday with strong growth in its mobile ad business, demonstrating that controversy over so-called “fake news” and inaccurate advertising measurements had litt…
Amazon plans more than 200 daily flights from new cargo hub
SAN FRANCISCO (Reuters) – Amazon.com Inc plans to schedule more than 200 flight departures and landings per day at a $1.49 billion cargo hub it is building near Cincinnati, the airport’s chief said in an interview on Wednesday, in a sign of the soarin…
S&P 500 ends flat, Apple spike lifts Nasdaq
NEW YORK (Reuters) – The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected.
