Category: Business
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New York state revokes approval of Charter-Time Warner Cable deal
byThe New York State Public Service Commission said on Friday it revoked its approval of the 2016 merger agreement between Charter Communications Inc (CHTR.O) and Time Warner Cable, saying Charter failed to build out its network for enough homes and that the company must end its operations in the state. The commission said the U.S. […]
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Why Are Only Four Percent of Cannabis Businesses Owned By African Americans?
byBlack entrepreneurs talk candidly about the lack of representation and what they’re doing about it. In the fight to legalize cannabis, one of the most compelling arguments has been the social justice argument–that legalizing cannabis will stop the disproportionate enforcement of cannabis laws on the on the African-American community. Although 16 percent of African Americans […]
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Amazon is primed for rapid growth
byAmazon remains unstoppable. The company accounts for nearly half of all online retail sales in the United States. It continues expanding its brick-and-mortar retail footprint through Whole Foods, Amazon bookstores and new checkout-free convenience locations. And every new venture, from advertising to cloud computing to, perhaps soon, healthcare, almost invariably becomes a billion-dollar business. Wall Street expects that dominance to continue […]
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Trump calls FCC decision on Sinclair-Tribune merger ‘unfair’
byWASHINGTON, July 24 – President Donald Trump on Tuesday criticized the Federal Communications Commission for not approving Sinclair Broadcast Group Inc’s$3.9 billion acquisition of Tribune Media, calling it “disgraceful” compared with the FCC’s approval several years ago of a deal involving the NBC television network. “So sad and unfair that the FCC wouldn’t approve the […]
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Cannabis beer: ‘It hits you very quickly’
byCanadian company aims make the world’s first beer brewed from cannabis as country prepares to legalise drug in October Scientists in a small laboratory in Ontario, Canada, are testing enzymes and experimenting with fermentation. Their techniques are not new, but their focus is a first. They are developing what is being described as the world’s first beer […]
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China shares hit 1-mth high on stimulus hopes, bonds tire
bySYDNEY, July 24 – Shanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world’s second largest economy, while stellar results from internet giant Alphabet underpinned the tech sector generally. Global bonds remained under pressure on speculation the Bank of Japan may soon trim its massive stimulus. In China, government […]
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Papa John’s shares fall as board adopts ‘poison pill’
byShares of Papa John’s International Inc (PZZA.O) fell 8 percent on Monday after the Pizza chain said it would implement a “poison pill” stock dilution that would act against any move by founder John Schnatter to take a bigger stake. The implementation of the stockholder rights plan, which aims to stop investors from amassing more […]
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German industry groups warn U.S. on tariffs before Trump-Juncker meeting
byBERLIN – German industry groups warned on Sunday, before European Commission President Jean-Claude Juncker meets U.S. President Donald Trump this week, that tariffs the United States has imposed or is threatening to introduce risk harming America itself. Citing national security grounds, Washington imposed tariffs on steel and aluminum imports from the EU, Canada and Mexico […]
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Wall Street braces for tariff fallout as S&P 500 companies report
bySAN FRANCISCO – Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Investors are worried about the impact on earnings should the United States’ trade war with China and other major […]
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Trump threatens tariffs on all $500 billion of Chinese imports
byWASHINGTON – President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant. “We’re down a tremendous amount,” Trump said in an interview about trade imbalances with China […]
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