Day: January 24, 2018

Tess Torelli January 24, 2018

European Union (EU) antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips. The European Commission, which launched an investigation into the matter in 2015, said the exclusivity payments began in 2011. “Qualcomm illegally shut out rivals […]

Tess Torelli January 24, 2018

The solar power industry — which has created tens of thousands of jobs in recent years — is bracing for a shakeup after President Donald Trump slapped tariffs on imported solar panels and modules. The impact of the 30 percent tariff remains uncertain. The manufacturers that requested a trade investigation last year say the tariffs […]

Tess Torelli January 24, 2018

Conferring with the political and business leaders attending the forum would appear to contrast with the core messaging of Trump’s presidential campaign. Two of the prominent officials attending this year’s forum — Goldman Sachs CEO Lloyd Blankfein and German Chancellor Angela Merkel — appeared in a scathing ad at the end of the Trump campaign […]

Tess Torelli January 24, 2018

George Rose | Getty Images The Royal Caribbean cruise ship ‘Radiance of the Seas’ is berthed at Canada Place on July 1, 2016, in Vancouver, British Columbia, Canada. After achieving its ambitious three-year goals to double earnings and record a double-digit return on invested capital, Royal Caribbean Cruises on Wednesday told employees they will receive […]

Tess Torelli January 24, 2018

Consumers may be cutting the cord, but Comcast’s bets on high-speed internet and film franchises are providing fresh sources of growth. The media and cable giant reported quarterly earnings on Wednesday that beat analyst expectations, and revenue that topped estimates, as the company grew its customer base in high-speed internet and business services, offsetting lost […]

Vinnyd January 24, 2018

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Tess Torelli January 24, 2018

Chris Helgren | Reuters The logo of blockchain company Ripple is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Ripple, the payments company that’s developing a blockchain-based system for banks, sold $91.6 million worth of digital currency XRP in the fourth quarter, taking advantage of last year’s 29,631 […]

Tess Torelli January 24, 2018

Now that Barack Obama is no longer president of the U.S., his schedule has freed up in the last year. Speaking in an interview for BBC Radio 4, the former commander-in-chief tells Prince Harry of the U.K. royal family the best part of his post-presidency life. Obama explains that he spends his mornings contemplating how […]

Tess Torelli January 24, 2018

Spring has sprung early in this housing market. Buyers, seeing a new trend toward higher interest rates, are rushing in before the first buds appear. Mortgage applications rose 4.5 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Application volume was 6.1 percent higher than the same week […]