On Japan Sea coast, small firm shows scars of China’s economic woes

On Japan Sea coast, small firm shows scars of China’s economic woes
JOETSU, Japan (Reuters) – In snow country along Japan’s northern coast, a small manufacturer of precision moulds is feeling the pain of China’s economic slowdown. Workers are seen at the factory of Nagumo Seisakusho Co., Ltd. in Jyoetsu, Niigata prefecture, Japan February 22, 2019. REUTERS/Tetsushi Kajimoto Orders have slowed to a trickle at Nagumo Seisakusho Co, which supplies big auto-parts... Read More

Facebook product chief Cox to exit as focus shifts to messaging

Facebook product chief Cox to exit as focus shifts to messaging
(Reuters) – Facebook Inc’s chief product officer and one of its earliest employees, Chris Cox, said on Thursday he is leaving the company, just days after Chief Executive Officer Mark Zuckerberg revealed a plan to pivot the world’s biggest social network to an encryption-focused messaging company. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of... Read More

U.S. considers sanctions to restrict Visa, Mastercard in Venezuela: official

U.S. considers sanctions to restrict Visa, Mastercard in Venezuela: official
WASHINGTON (Reuters) – The United States is considering imposing financial sanctions that could prohibit Visa Inc , Mastercard Inc and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. FILE PHOTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team,... Read More

Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S

Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S
NEW YORK (Reuters) – A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading. The Royal Bank of Canada (RBC) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris... Read More

Lockheed Martin Corp wins $507 million defense contract: Pentagon

Lockheed Martin Corp wins $507 million defense contract: Pentagon
FILE PHOTO: A US Marine Corps Lockheed Martin F-35B fighter jet taxis after landing at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls WASHINGTON (Reuters) – Lockheed Martin Corp was awarded a $506.9 million modification to a U.S. defense contract for a guided missile system and associated services, the Pentagon said on Thursday. Reporting by... Read More

Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash

Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash
WASHINGTON/PARIS (Reuters) – Boeing Co’s 737 MAX 8 and 9 planes will be grounded for weeks if not longer until a software upgrade can be tested and installed, U.S. lawmakers said on Thursday, as officials in France prepare to begin analyzing the black boxes from a jet that crashed in Ethiopia. Boeing said on Thursday it was pausing deliveries of... Read More

Lori Loughlin dropped from Hallmark channel roles after cheating scandal

Lori Loughlin dropped from Hallmark channel roles after cheating scandal
2017 Teen Choice Awards – Arrivals – Los Angeles, California, U.S., 13/08/2017 – Actress Lori Loughlin with daughters Isabella Rose Giannulli (L) and Olivia Jade Giannulli (R). REUTERS/Mike Blake LOS ANGELES (Reuters) – Crown Media Family Networks, the company that owns the Hallmark cable channel, stopped working with its “Garage Sale Mysteries” star, Lori Loughlin, after she was charged in... Read More