Author: iBiz

Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. Shares of …

Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women and the Midwest. But Republicans, whose 53 to 47 majority in the U.S. Senate gives them the final say on …

Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women and the Midwest. But Republicans, whose 53 to 47 majority in the U.S. Senate gives them the final say on …

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped 2.0 percent to $22.9 billion, due to a tumble in commercial plane revenues following the …

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped 2.0 percent to $22.9 billion, due to a tumble in commercial plane revenues following the …

The White House says two senior economic officials will travel to China next week to continue negotiations aimed at resolving the two economic giants ongoing trade war. A statement issued Tuesday says Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Vice Premier Liu He in Beijing on April 30. The …

The White House says two senior economic officials will travel to China next week to continue negotiations aimed at resolving the two economic giants ongoing trade war. A statement issued Tuesday says Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet with Vice Premier Liu He in Beijing on April 30. The …

China is getting ready to welcome representatives from 150 nations, including senior leaders of 40 countries, to discuss its international infrastructure program at the second Belt and Road Forum, beginning Thursday and running through Saturday in Beijing. Analysts say it is not merely a conference on infrastructure building, but an attempt by China to display …

U.S. Treasury Secretary Steven Mnuchin on Tuesday failed to meet a final congressional deadline for turning over President Donald Trump’s tax returns to lawmakers, setting the stage for a possible court battle between Congress and the administration. The outcome, which was widely expected, could prompt House Ways and Means Committee Chairman Richard Neal to subpoena …

U.S. Treasury Secretary Steven Mnuchin on Tuesday failed to meet a final congressional deadline for turning over President Donald Trump’s tax returns to lawmakers, setting the stage for a possible court battle between Congress and the administration. The outcome, which was widely expected, could prompt House Ways and Means Committee Chairman Richard Neal to subpoena …

Greece’s budget performance in 2018 was better than expected following some revenue-boosting measures by the government. According to the country’s statistical agency, Greece recorded a primary budget surplus, which excludes the cost of servicing the country’s vast public debt, of 4.4 percent of its annual output. That’s ahead of government projections of 4.1 percent.   …

Greece’s budget performance in 2018 was better than expected following some revenue-boosting measures by the government. According to the country’s statistical agency, Greece recorded a primary budget surplus, which excludes the cost of servicing the country’s vast public debt, of 4.4 percent of its annual output. That’s ahead of government projections of 4.1 percent.   …

Every month, when his respiratory medicine runs out, Dionysis Assimakopoulos heads to the most unlikely pharmacy in Athens. Amid derelict stadiums dating from the 2004 Athens Olympic Games, the volunteer-staffed social pharmacy of Hellinikon has handed out free medicine to hundreds of poverty-stricken patients, keeping some of them out of death’s reach. “My wife and …

Every month, when his respiratory medicine runs out, Dionysis Assimakopoulos heads to the most unlikely pharmacy in Athens. Amid derelict stadiums dating from the 2004 Athens Olympic Games, the volunteer-staffed social pharmacy of Hellinikon has handed out free medicine to hundreds of poverty-stricken patients, keeping some of them out of death’s reach. “My wife and …

Samsung said Monday it was delaying the launch of its folding smartphone after trouble with handsets sent to reviewers. Some reviewers who got their hands on the Galaxy Fold early reported problems with screens breaking. Samsung said it decided to put off this week’s planned release of the Fold after some reviews “showed us how …

Samsung said Monday it was delaying the launch of its folding smartphone after trouble with handsets sent to reviewers. Some reviewers who got their hands on the Galaxy Fold early reported problems with screens breaking. Samsung said it decided to put off this week’s planned release of the Fold after some reviews “showed us how …

Amazon says it is curtailing business operations in China, the world’s biggest retail market, after struggling against better entrenched local players for more than a decade. The company announced recently that as of July 18, it will no longer provide services through its Chinese website, Amazon.cn. The decision means Amazon will stop selling goods from …

Consider that buildings can be designed, in relation to the sun, depending on whether occupants want to maximize the amount of natural light their windows let in, or to minimize the heat absorbed by the building. Or that they can be built with sensors to detect water leaks, thus reducing the chances that water will …

Consider that buildings can be designed, in relation to the sun, depending on whether occupants want to maximize the amount of natural light their windows let in, or to minimize the heat absorbed by the building. Or that they can be built with sensors to detect water leaks, thus reducing the chances that water will …

Five Algerian billionaires, some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, state TV said on Monday. They were later brought to court to face charges from the general prosecutor’s office, private Ennahar TV channel said, a legal requirement after an …

Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.    ShopRite will join the two retailers on the program early next week, said the U.S. Department of Agriculture, which oversees …

Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.    ShopRite will join the two retailers on the program early next week, said the U.S. Department of Agriculture, which oversees …