Markets

admin July 5, 2018

MoviePass subscribers might have to spend a little more money on their next trip to the theater. The service, which lets customers see one movie a day for $10 a month, began rolling out surge pricing Thursday. MoviePass told customers that its Peak Pricing model will trigger whenever there is a lot of demand for […]

admin July 5, 2018

Chinese tech company ZTE has named a new CEO as it tries to deliver on a deal with the US government that would allow it to get back to business. ZTE named Xu Ziyang as its new chief executive, according to a statement. Xu, a former managing director of ZTE in Germany, has been with […]

admin July 5, 2018

After months of threats and skirmishes, the trade war between the United States and China is about to get serious. On Friday, the world’s top two economies are due to exchange fire by hitting $34 billion of each other’s exports with steep new tariffs, the first moves in what may become a devastating cycle of […]

admin July 5, 2018

The CEO of the company behind LaCroix sparkling water has been sued by two former pilots who say the company’s top executive subjected them to unwanted sexual touching on multiple occasions. The two male pilots filed separate lawsuits in Florida against Nicholas Caporella, the 82-year-old CEO of Corporate Management Advisors Inc. Caporella’s company operates National […]

admin July 4, 2018

US chipmaker Micron has run into trouble in a court battle in China, according to one of its rivals. A Chinese court has temporarily barred Micron (MICR) from selling 26 products in the country including memory chips, memory sticks and hard drives, Taiwan’s United Microelectronics Corporation (UMC) said in a statement late Tuesday. UMC filed […]

admin July 4, 2018

German Chancellor Angela Merkel has warned the Trump administration that hitting auto imports with new tariffs would have dire consequences. ”We now have tariffs on aluminum and steel and we have a discussion that is far more serious,” Merkel told German lawmakers on Wednesday. “This is taking on the contours of a trade conflict — […]

admin July 4, 2018

HNA Group Chairman Wang Jian. Wang Jian, the chairman of high-profile Chinese conglomerate HNA Group, has died in an accident, the company said Wednesday. Wang, 57, suffered serious injuries after falling Tuesday while on a business trip in Provence, France, HNA said. “HNA Group extends deepest condolences to Mr. Wang’s family and many friends. Together, […]

admin July 4, 2018

The Trump administration is allowing Chinese telecommunications equipment maker ZTE to restart some business activities. The Commerce Department says it has agreed to temporarily let ZTE (ZTCOF) carry out transactions it needs to provide network maintenance on contracts it signed on or before April 15. That’s when the US government barred American companies from selling […]

admin July 3, 2018

The CEO of Barnes & Noble has been fired for unspecified violations of company policy. CEO Demos Parneros will not be paid severance and will be removed from the board immediately, the bookstore chain said late Tuesday. Barnes & Noble said the board was advised by a law firm in deciding to fire Parneros. The […]

admin July 3, 2018

Higher fuel prices are hurting Delta Air Lines. Delta warned investors on Tuesday that its second-quarter profit will be lower than it originally projected. The airline paid about 6% more for fuel than in the previous quarter as the price of oil climbed. Oil production has collapsed in crisis-stricken Venezuela, and the Trump administration is […]