Samsung urges Note 7 users to switch off phones and turn them in
SEOUL (Reuters) – Samsung Electronics Co Ltd on Saturday urged users of its Galaxy Note 7 phones to turn in their handsets as soon as possible as part of a recall aimed at limiting the damage caused by the fire-prone devices.
Bank rally on shaky legs as traders assess rate hike odds
NEW YORK (Reuters) – A rare run of outperformance by U.S. bank shares appears to have hit a wall as a spate of soft readings on the economy have tempered bets that the Federal Reserve might raise rates soon.
British businesses ‘lazy and fat’, pro-Brexit trade minister says
LONDON (Reuters) – Britain as a trading nation has become “too lazy and too fat” and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets, International Trade Secretary Liam Fox was recorded sayin…
U.S. tells consumers to stop using fire-prone Samsung phones
SEOUL/NEW YORK (Reuters) – A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights.
Korean Air approves loan for Hanjin Shipping
SEOUL (Reuters) – Korean Air Lines , the biggest shareholder of Hanjin Shipping , has approved a plan to provide a loan of 60 billion won ($54.16 million) to the troubled shipper.
Hanjin Shipping gets U.S. court order, cash to unload ships
(Reuters) – A U.S. judge on Friday signed an order granting Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports.
Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun
CHICAGO (Reuters) – Wal-Mart Stores Inc on Friday said it will stop selling Egyptian cotton sheets made by Welspun India after the Indian manufacturer was unable to assure them the products were authentic.
Fed’s Kaplan says next U.S. president must grow workforce
DALLAS (Reuters) – The next U.S. president will need to address the aging population of the workforce if he or she wants to boost U.S. economic growth, a top Federal Reserve official advised on Friday.
Oklahoma judge OKs McClendon land sale, freeing Thunder stake
OKLAHOMA CITY/NEW YORK (Reuters) – The judge overseeing Aubrey McClendon’s estate approved a land deal on Friday that will pay off one of the late energy magnate’s major creditors, paving the way for the sale of his stake in professional basketball tea…
Wall St. drops amid worries over North Korea test, rate outlook
NEW YORK (Reuters) – U.S. stocks dropped on Friday, giving the S&P 500 its worst day since June as investor nervousness increased following a nuclear test by North Korea and Federal Reserve officials’ comments lifted rate hike bets.
