Family of Malaysia’s Jho Low moves to protect assets in 1MDB probe
NEW YORK (Reuters) – Relatives of Malaysian businessman Low Taek Jho plan to take fresh court action in a bid to prevent the U.S. government from seizing assets as part of an investigation into the scandal-tainted 1MDB fund, according to a U.S. court f…
Apple says iPhone 6 battery fires in China likely caused by external factors
BEIJING (Reuters) – Apple Inc said external factors were the likely cause of iPhone 6 battery fires detailed in a Chinese consumer protection report that featured widely in state media earlier this week and created a buzz on social media.
Starbucks courts millennials with $10 coffee at new Reserve bars
LOS ANGELES/NEW YORK (Reuters) – Starbucks Corp co-founder Howard Schultz’s plan to build a new prestige brand is a bet that moving upscale can raise the profile of the world’s largest coffee brand with millennials like Megan Sauers.
Discounts, advertising spur brisk Apple Watch sales
SAN FRANCISCO (Reuters) – Apple Watch sales appear to have rebounded for the holidays from mid-year doldrums on a redesign, price cuts and strong promotions, but analysts say long-term demand has yet to be proven.
California gas power plant La Paloma files for bankruptcy
CHICAGO (Reuters) – A natural gas-fired power plant in California that earlier this year warned it might need to shut down filed for bankruptcy protection on Tuesday, blaming “inhospitable” regulations and a shift toward renewable energy for power gene…
U.S. judge throws out emissions fraud lawsuit against Mercedes
(Reuters) – A U.S. judge in New Jersey on Tuesday threw out a proposed class action lawsuit alleging that automaker Mercedes misled consumers about emissions standards in “BlueTec Clean Diesel” vehicles.
Banks, telecoms lead Wall Street up; another Dow record
(Reuters) – Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.
Ford stockpiles best-selling F-150 trucks to test new transmission
DETROIT (Reuters) – Ford Motor Co is stockpiling 2017 model F-150 trucks, delaying delivery to dealers while it runs final tests on a new 10-speed transmission, a top executive told Reuters.
Mastercard to buy back shares worth $4 billion
(Reuters) – Payment processor Mastercard Inc said on Tuesday it would buy back class A shares worth $4 billion and raised its quarterly dividend.
U.S. Supreme Court backs Samsung in smartphone fight with Apple
(Reuters) – The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying…
