Apple hopes small is big again as iPhone SE debuts
CUPERTINO, Calif. (Reuters) – Apple Inc on Monday launched its least expensive iPhone, the $399 iPhone SE, filling a hole in its product lineup with a small-screen model that targets new customers in emerging markets and fans of smaller phones as the c…
Brazilian shoemaker Arezzo strides deeper into U.S. market
SAO PAULO (Reuters) – Shoemaker Arezzo&Co is fighting for a bigger share of the cutthroat U.S. market, a place many other Brazilian manufacturers fear to tread, with a flagship Los Angeles store opening next month and a planned nationwide rollout in 2017.
Samsung Elec says it doesn’t expect major TV impact from Hon Hai’s Sharp deal
SEOUL (Reuters) – Samsung Electronics Co Ltd does not expect major change for its television business after Hon Hai Precision Industry Co Ltd completes its planned acquisition of display panel maker Sharp Corp , a senior Samsung executive said on Tuesd…
FanDuel, DraftKings shut down daily fantasy sports games in New York
NEW YORK (Reuters) – Top daily fantasy sports companies FanDuel and DraftKings agreed to halt their business in New York on Monday, betting on a legislative path to make the games legal after a months-long fight with the state’s attorney general.
Petrobras posts record loss as oil price slump forces writedowns
NEW YORK/RIO DE JANEIRO (Reuters) – Brazil’s state-controlled oil company Petrobras posted its biggest-ever quarterly loss on Monday after booking a large writedown for oil fields and other assets as oil prices slumped and refinery projects faltered.
Drugmaker Valeant CEO leaving as investor Ackman joins board
(Reuters) – Drugmaker Valeant Pharmaceuticals International Inc said on Monday its chief executive officer is leaving and billionaire investor William Ackman would join the board as it tries to clean up accounting problems and save its business. The Canadian company, whose operations include prescription drugs, consumer products, and Bausch & Lomb eye care, has lost nearly 90 percent of its value as it came under public scrutiny for its pricing and distribution pra
Atlantic City, N.J.’s crisis forces three-week partial government shutdown
JERSEY CITY, N.J. (Reuters) – Atlantic City Mayor Don Guardian said on Monday that the city’s financial crisis will force a partial government shutdown for three weeks, with city hall closed for the period and public employees working without pay.
Carnival Corp gets Cuba’s approval to begin cruises
(Reuters) – Cruise operator Carnival Corp said on Monday it received approval from Cuban authorities to begin operations to the country, starting May 1.
Amazon German warehouse workers start fresh strike in pay row
BERLIN (Reuters) – Workers at an Amazon.com warehouse in Germany are starting a new round of strikes in an attempt to pressure the U.S. online retailer to increase pay.
Wall St. ends flat as recent rally spurs caution
New York (Reuters) – Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally.
