Business

Uber’s Airport Service in Madrid Under Attack From Town Hall

The city of Madrid has asked Spain’s anti-trust watchdog to investigate whether Uber’s new airport transport service violates fair competition laws. Uber, the San Francisco-headquartered mobile ride-hailing service, offers rides…

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S&P More Hopeful on Greece But Balks at Upgrade

Ratings agency Standard & Poor’s has raised its outlook for Greece from “stable” to “positive,” encouraged by a recent round of cost-cutting reforms and an expected return to growth this…

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Ford Says It Will Fight Latest Takata Recall

Ford is fighting the latest expansion of the Takata air-bag-inflator recall. Earlier this month Takata filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford,…

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Drops in GE, Worries Over Europe Drag Down U.S. Stocks

U.S. stocks are down Friday as industrial companies slide. General Electric slumped after the company issued a weak forecast. Most other industries are also lower, including technology companies, which have…

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Sears Becomes Amazon’s Newest Partner

Struggling Sears is looking for help from the company that’s responsible for much of the retail industry’s woes: Amazon. The embattled retailer, headquartered outside Chicago, announced Thursday it will begin…

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Business Briefs – July 20, 2017

China Clamping Down on Use of VPNs to Evade Great Firewall BEIJING (AP) – China is tightening control over use of virtual private networks in a move that foreign companies…

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Stocks Waver as Earnings And Central Banks Dominate

U.S. stock indexes essentially hit the snooze bar Thursday as investors were relieved the European Central Bank didn’t announce any changes to its stimulus policies. Europe’s central bank maintained its…

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Tax Authority Wins 1.5 Billion Shekel Claim Against HPE

International computer giant HPE (formerly Hewlett-Packard) has been slapped with a 1.5-billion-shekel tax on its 2006 acquisition of the intellectual property of Israel company Mercury Interactive, according to Globes. The…

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T-Mobile Raises Subscriber Forecast Amid Price War, M&A Talk

T-Mobile US Inc.’s popularity among wireless consumers continued as the fastest-growing mobile carrier exceeded subscriber estimates and again raised its forecast for customer growth this year. T-Mobile expects to add…

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Business Briefs – July 19, 2017

Will a Sugar Deal With Mexico Affect U.S. Treat Prices? NEW YORK (AP) – President Trump recently praised a new sugar deal with Mexico. But U.S. food makers say it…

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