October 18, 2017

Stephen Squeri to replace Kenneth Chenault as new AmEX CEO

(Reuters) – Credit card issuer American Express Co said on Wednesday long-time Chief Executive Kenneth Chenault will step down and will be replaced by Stephen Squeri. […]
October 18, 2017

Dow stays above 23,000-mark on IBM surge

(Reuters) – The Dow Jones Industrial Average rallied above the 23,000-mark on Wednesday, propelled by IBM’s 9 percent surge after the computing giant hinted a return […]
October 18, 2017

U.S. housing starts hit one-year low; building permits tumble

WASHINGTON (Reuters) – U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, […]
October 18, 2017

Billionaire Branson targeted in $5 million scam ‘straight out of le Carre’

LONDON (Reuters) – Richard Branson, billionaire founder of the Virgin group, has revealed he was targeted by a fraudster posing as Britain’s defense minister who tried […]
October 18, 2017

Taiwan ministry expresses ‘deep concern’ about Qualcomm’s antitrust fine

TAIPEI (Reuters) – Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a $775 million fine on Qualcomm Inc , in a […]
October 18, 2017

Europe’s aviation agency advises against using Kobe Steel products

PARIS/TOKYO (Reuters) – Europe’s aviation regulator has advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, following product […]
October 18, 2017

IBM shares head for biggest gain in eight years

(Reuters) – Shares in International Business Machines Inc surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one […]
October 18, 2017

Allergan ruling casts doubt on tribal patent strategy

(Reuters) – A U.S. judge’s ruling on Monday invalidating Allergan Plc’s patents on its blockbuster $1.5 billion dry-eye medicine, Restasis, has cast doubt on the company’s […]
October 18, 2017

Dow opens above 23,000, powered by IBM

(Reuters) – The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its […]
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