Australia’s big banks team up to challenge Apple on mobile payment apps
SYDNEY (Reuters) – Australia’s three biggest banks, including no. 1 lender National Australia Bank (NAB) , on Wednesday said they had lodged a joint application with anti-trust regulators seeking approval to collectively negotiate with Apple Inc to in…
Apple CEO touts future technology amid iPhone worries
SAN FRANCISCO (Reuters) – As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company …
State Street to pay $530 million to resolve forex fraud claims
(Reuters) – Custody bank State Street Corp said it has agreed to resolve all pending litigation and regulatory matters in the United States related to its indirect foreign exchange business.
Losing the X-factor: Hyundai fumbles in U.S. as former hit car Elantra stalls
SEOUL (Reuters) – At last February’s Super Bowl, Hyundai Motor hired ‘X-Men’ movie star Ryan Reynolds for an ad plugging the new version of its Elantra sedan. Not in the script: a slide in first-half sales of the South Korean automaker’s U.S. mainstay…
Volkswagen’s $14.7 billion diesel U.S. emissions settlement clears hurdle
WASHINGTON (Reuters) – Volkswagen AG’s $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles.
Twitter revenue growth stalls, struggles to boost users
SAN FRANCISCO/BENGALURU (Reuters) – Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product.
Wall St. mixed, Apple impresses and Twitter disappoints
(Reuters) – U.S. stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter.
State prosecutors reject U.S. lawmakers’ subpoena on Exxon probe
WASHINGTON (Reuters) – The top state prosecutors in New York and Massachusetts said on Tuesday they will refuse to comply with a subpoena from U.S. congressmen for details on their investigations into whether Exxon Mobil misled investors on climate cha…
Special Report: In Venezuela’s murky oil industry, the deal that went too far
CARACAS/BOGOTA (Reuters) – Even for Venezuela’s notoriously opaque economy, it was a sweetheart deal that went too far.
China’s LeEco to buy U.S. TV maker Vizio for $2 billion
(Reuters) – China’s Le Holdings Co Ltd , also known as LeEco, said on Tuesday it would buy U.S. consumer electronics company Vizio Inc for $2 billion.
