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5 months 2 weeks ago

Netflix looms large as theater owners assess industry future

As movie theater owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.

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5 months 2 weeks ago

Toyota to give royalty-free access to hybrid-vehicle patents: Nikkei

Toyota Motor Corp plans to offer royalty-free access to its hybrid-vehicle technology patents as early as this year, the Nikkei Asian Review reported on Wednesday.

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5 months 2 weeks ago

U.S. March and quarter one auto sales drop in weak start to 2019

Major automakers on Tuesday reported weak U.S. sales for March and the first quarter, citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on.

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5 months 2 weeks ago

Jewelers must say whether diamonds are mined or synthetic: U.S. FTC

The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, has sent warning letters to eight companies to insist they distinguish in advertisements between diamonds from mines and those made in laboratories, it said on Tuesday.

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5 months 2 weeks ago

Canada auto sales fall 2.5 percent in March

Canada's auto sales fell 2.5 percent in March from a year earlier, marking 13 straight months of declines, according to industry data released on Tuesday.

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5 months 2 weeks ago

White House sees 'headway' on U.S.-China trade ahead of new talks this week

The United States and China "expect to make more headway" in trade talks this week, White House economic adviser Larry Kudlow said on Tuesday as the top U.S. business lobbying group said differences over an enforcement mechanism and the removal of U.S. tariffs were still obstacles to a deal.

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5 months 2 weeks ago

PG&E to name TVA's Bill Johnson as CEO: source

PG&E Corp is expected to name Bill Johnson as chief executive of the bankrupt California energy company facing $30 billion in wildfire liabilities, as soon as Wednesday, a source familiar with the private negotiations said on Tuesday.

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5 months 2 weeks ago

AIG paid CEO Duperreault $20.9 million in 2018: filing

Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism.

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5 months 2 weeks ago

Former UAW official pleads guilty in U.S. corruption case

A former top United Auto Workers official in charge of the union's relations with Fiat Chrysler Automobiles NV (FCA) pleaded guilty on Tuesday in a U.S. federal court in Detroit to misusing the automaker's funds for lavish spending on UAW officials.

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5 months 2 weeks ago

Wall Street treads water after rally, Walgreens slumps on profit warning

The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday's strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.

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