Shares, dollar rebound on thaw in U.S.-China trade war

Shares, dollar rebound on thaw in U.S.-China trade war
NEW YORK (Reuters) – U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth. President Donald Trump backed off his plan to impose 10% tariffs on Sept. 1 on remaining Chinese imports,... Read More

ViacomCBS is just the beginning of Shari Redstone’s media deals

ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo “We would want to look... Read More

Facebook paid contractors to transcribe users’ audio: Bloomberg

Facebook paid contractors to transcribe users’ audio: Bloomberg
FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam/File Photo (Reuters) – Facebook Inc (FB.O) has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter. Facebook confirmed that it had been... Read More

Colgate warns Venezuelans not to buy fake imported toothpaste brands

Colgate warns Venezuelans not to buy fake imported toothpaste brands
A display of Colgate toothpaste is seen on a store shelf in Westminster, Colorado April 26, 2009. REUTERS/Rick Wilking/File Photo CARACAS (Reuters) – Colgate-Palmolive Co (CL.N) is warning Venezuelans not buy fake versions of its toothpaste brands, leading local authorities to issue a health warning, as demand for imported products in Venezuela’s dysfunctional economy encourages the spread of knock-off goods.... Read More

CBS-Viacom is just the beginning of Shari Redstone’s media deals

CBS-Viacom is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo “We would want to look... Read More

Fidelity battles IRS in court over coal tax credits

Fidelity battles IRS in court over coal tax credits
FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder BOSTON (Reuters) – Fidelity Investments’ courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of chemically treated coal. U.S. Tax... Read More

Your Money: Big companies explore virtual care to curb healthcare costs

Your Money: Big companies explore virtual care to curb healthcare costs
NEW YORK (Reuters) – Big companies are increasing incorporating virtual technology and care options into employee benefit plans to combat the rising healthcare costs that long been corporate America’s bugaboo, according to the annual survey of the National Business Group on Health. The No. 1 goal for employers in 2020 is to implement more virtual care provisions. This includes things... Read More