Fed’s Kashkari sees cure for slow growth in immigration, tax reform
(Reuters) – With the Federal Reserve powerless to do much more than it already is, the best route to faster U.S. economic growth is through non-monetary policy approaches such as immigration and tax reform, a top Fed official argued on Monday.
Samsung Electronics shares slide as Note 7 recall takes toll
SEOUL (Reuters) – Samsung Electronics Co Ltd’s shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries.
Amazon and Pandora set to launch new music streaming services: NY Times
(Reuters) – Amazon.com Inc and Pandora Media Inc are planning to launch new versions of their streaming music services in coming weeks, the New York Times reported on Sunday, citing several anonymous people with knowledge of the matter.
Global ad spend strengthens on U.S. demand: Zenith
LONDON (Reuters) – Spending on global advertising will grow by a better-than-expected 4.4 percent this year, led by the United States, a leading forecaster said on Monday.
EU opens ethics probe into Barroso Goldman job
BRUSSELS (Reuters) – EU chief executive Jean-Claude Juncker has launched an unprecedented ethics investigation into his predecessor, Jose Manuel Barroso, questioning whether he broke EU law by taking a job at Goldman Sachs.
VW’s Audi steps up collaboration with Chinese tech groups
FRANKFURT (Reuters) – Volkswagen’s luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world’s largest car market.
Hollande to meet ministers over Alstom’s plans for Belfort plant
PARIS (Reuters) – French President Francois Hollande will meet Prime Minister Manuel Valls and ministers in charge of economic and transport policy on Monday morning to discuss trainmaker Alstom’s sudden decision to scale down its Belfort plant, the pr…
U.S. workers unload first of Hanjin ships stalled by bankruptcy
LOS ANGELES (Reuters) – Dock workers began unloading furniture, clothing and other cargo on Saturday from a container ship owned by bankrupt Hanjin Shipping Co Ltd , breaking a logjam that has stranded goods on a dozen vessels bound for the U.S. West C…
‘Times are changing, pay your taxes’, euro zone chief tells corporations
BRATISLAVA (Reuters) – Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union’s fight against tax-dodging.
Blackstone’s Schwarzman launches ambitious scholars program in China
BEIJING (Reuters) – When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China’s elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high….
