Apple Watch sales to consumers set record in holiday week, says Apple’s Cook
SAN FRANCISCO (Reuters) – Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc Chief Executive Tim Cook told Reuters.
Dalian Wanda executive in charge of relisting plan resigns
HONG KONG (Reuters) – The chief architect behind Dalian Wanda Group’s $4.4 billion buyout to take its flagship Hong Kong-listed property arm private and relist it in China has resigned without seeing the plan through, according to an internal memo.
Mexico’s America Movil to provide national roaming service to Telefonica Mexico
MEXICO CITY (Reuters) – Mexican telecoms giant America Movil , controlled by tycoon Carlos Slim, said on Monday its Mexican unit had reached an agreement to provide a national roaming service to its main competitor in the local market, Telefonica Mexic…
Korea corporate chiefs questioned over political scandal
SEOUL (Reuters) – The heads of South Korea’s top conglomerates including the Samsung and Lotte Groups were questioned on Tuesday in an unprecedented parliamentary hearing into the political scandal that appears poised to bring down President Park Geun-…
UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open
WASHINGTON (Reuters) – United Technologies Corp , parent company of Carrier Corp, got a “good deal” with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview…
Trump should not spend like economy in crisis: Fed officials
PHOENIX (Reuters) – Federal Reserve officials cautioned on Monday that the incoming Trump administration’s economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy’s long-run prospects.
Delaware Court revives case over Pincus’s Zynga stock sale
WILMINGTON, Del. (Reuters) – The Delaware Supreme Court revived a lawsuit against Zynga Inc’s controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and d…
Wall Street rises, buoyed by economic data; Dow sets high
(Reuters) – Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy.
United Airlines mechanics ratify new contract
NEW YORK (Reuters) – Union mechanics at United Continental Holdings Inc on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties.
Buffett’s Berkshire could get $29 billion Trump tax boost: analyst
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc could get a $29 billion boost to its book value if President-elect Donald Trump is able to slash the U.S. corporate tax rate to 15 percent from 35 percent, Barclays Capital wrote on Monday.
