Apple plans first retail store in South Korea, posts hiring notices
SEOUL (Reuters) – Apple Inc said it was planning to open a retail store in South Korea, its first in the country that is home to its smartphone archrival Samsung Electronics Co Ltd .
Trade minister Seko says Japan will keep contributing to U.S. employment
TOKYO (Reuters) – Japan’s trade minister Hiroshige Seko said on Friday that Japanese companies have and will continue to contribute to employment in the United States.
Trump hits Toyota in latest broadside against carmakers and Mexico
WASHINGTON (Reuters) – U.S. President-elect Donald Trump targeted Toyota Motor Corp on Thursday, threatening to impose a hefty fee on the world’s largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.
Verizon executive says company unsure about Yahoo deal
(Reuters) – A senior Verizon Communications Inc executive said on Thursday that the company was unsure about its planned acquisition of Yahoo Inc’s internet business.
U.S. department store challenges fail to rattle some investors
CHICAGO (Reuters) – Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Boeing nears $10.1 billion order from India’s Spicejet: Bloomberg
(Reuters) – Indian budget airline SpiceJet Ltd is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence in the world’s fastest growing aerospace market, Bloomberg reported on Thursday.
Nasdaq reaches record high, Macy’s stirs retail fear
(Reuters) – The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy’s, Kohl’s and other department stores weighed on the broader stock market.
U.S. loses bid to overturn AmEx antitrust decision
NEW YORK (Reuters) – A federal appeals court on Thursday rejected the U.S. government’s request that it reconsider its decision allowing American Express Co to stop merchants from encouraging customers to use rival cards that charge lower fees.
Shake Shack names first COO; says CFO to retire
(Reuters) – Shake Shack Inc , known for its indulgent hamburgers, crinkle-cut fries and frozen custard shakes, named company veteran Zach Koff as its first chief operating officer, and said Chief Financial Officer Jeff Uttz will retire.
Bitcoin plunges as much as 20 percent as Chinese yuan soars
LONDON (Reuters) – A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China’s yuan rose sharply – further evidence of an intriguing inverse relationship between the pair.
