Silicon Valley VCs are growing wary of on-demand delivery
(Reuters) – Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups.
Trump’s tough trade talk makes U.S. firms fear China retribution
CHICAGO/WASHINGTON (Reuters) – U.S. President-elect Donald Trump’s challenges to China on trade and Taiwan are rattling American companies who have long benefited from stable relations between the two countries but now fear retaliation by Beijing if Tr…
UniCredit share issue lifts banks before Fed meeting
LONDON (Reuters) – Global shares edged up on Tuesday, helped by gains in banks after Italy’s largest lender unveiled a 13 billion-euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates….
Oil prices rise as Middle East producers confirm supply cuts
LONDON (Reuters) – Oil prices rose on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.
Iran says Boeing to provide financing for firm’s first six planes: Fars news agency
BEIRUT (Reuters) – Boeing has agreed to provide financing for the first six planes it sells to Iran, Iran Air chief Executive Farhad Parvaresh was quoted as saying by Fars news agency on Tuesday.
Abandoned CBS, Viacom merger leaves scale issue lingering
(Reuters) – Sumner Redstone’s holding company National Amusements Inc’s decision to abandon a merger of its prized media assets, CBS Corp and Viacom Inc, leaves them under pressure to buy or partner with peers in an industry where scale matters.
Trump attack on Lockheed Martin foreshadows war on defense industry
SEATTLE (Reuters) – Donald Trump on Monday widened his attack on defense contractors, slamming Lockheed Martin Corp’s F-35 fighter jet program as too expensive as aides to the president-elect said he intends to keep pushing to cut the costs of militar…
Bill Gates, investors launch $1 billion clean tech fund
(Reuters) – Microsoft co-founder Bill Gates and a group of high-profile executives are investing $1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement.
Wells Fargo suspends some insurance referrals pending review
(Reuters) – Wells Fargo & Co said on Monday it has suspended referrals of a low-cost life insurance policy to Prudential Financial Inc and renters’ insurance to another carrier, pending a review of how the products were sold by the bank.
Exclusive: SWIFT confirms new cyber thefts, hacking tactics
LONDON/BOSTON (Reuters) – Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide.
