- Wall St. turbulence returns as weak China data magnifies fear
- Tue, 01 Sep 2015 16:53:04 -0400 -
The S&P 500 is now 10 percent lower than its May record high, with the prospect of slowing global growth and an impending U.S. interest rate hike curtailing a robust bull run that saw the index gain over 200 percent from the depths of the financial crisis in 2009. Tuesday's was the S&P's worst drop since Aug. 24, when it slumped 3.94 percent after three days of increasingly volatile losses. China's manufacturing sector shrank at its fastest pace in three years in August.
- Factory slowdown puts wrinkle in U.S. growth outlook
- Tue, 01 Sep 2015 16:34:34 -0400 -
U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing. The sharp slowdown in manufacturing, which has been hurt by a strong dollar and deep spending cuts in the energy sector, was probably an early indication of fallout from the recent turmoil in stock markets, economists said. "It suggests that the recent eruption in uncertainty toward Chinese and global growth is beginning to affect U.S. business decisions," said Millan Mulraine, deputy chief economist at TD Securities in New York.
- Hit by cheap oil, Canada's economy falls into recession
- Tue, 01 Sep 2015 15:09:15 -0400 -
By Leah Schnurr OTTAWA (Reuters) - The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment. The confirmation on Tuesday of a modest recession will figure heavily into the election campaign as Canadians head to the polls Oct. 19 and poses a challenge to Conservative Prime Minister Stephen Harper, who is seeking a rare fourth consecutive term. Harper was quick to downplay what some supporters and economists have dismissed as a "technical" recession, pointing to the upbeat June figures during a campaign stop.
- Oil retreats more than $5 on weak data, eroding 25 percent rally
- Tue, 01 Sep 2015 17:34:55 -0400 -
Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before frenzied short-covering fueled a 25 percent three-session surge. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum.
- Kmart pays $1.4 million to settle U.S. charges over Medicare inducements
- Tue, 01 Sep 2015 17:23:19 -0400 -
WASHINGTON/NEW YORK (Reuters) - Kmart Corp has paid $1.4 million to settle U.S. allegations that it violated the federal False Claims Act by inducing Medicare beneficiaries to fill prescriptions at its pharmacies, the Department of Justice said on Tuesday. The government said the accord resolves allegations that Kmart, a unit of Sears Holdings Corp , let beneficiaries use drug manufacturers' coupons to reduce or eliminate prescription co-payments. Kmart was also accused of improperly offering discounts on gasoline purchases at participating gas stations based on the number of prescriptions filled.
- U.S. auto sales stronger than expected in August on trucks, SUVs
- Tue, 01 Sep 2015 15:22:04 -0400 -
DETROIT (Reuters) - The U.S. auto industry powered ahead in August, topping sales estimates and shrugging off gyrating stock markets as consumers continued to show their penchant for pickup trucks and SUVs.
- Google redesigns iconic logo for the fifth time
- Tue, 01 Sep 2015 13:46:03 -0400 -
(Reuters) - Google Inc unveiled a redesign of its iconic logo on Tuesday, the fifth such modification since the search engine giant started in 1998, the company said in a blog post. The revamped logo, displayed as a Google Doodle on its homepage, spells 'Google' in a sans-serif typeface, similar to the one being used by Google's newly created holding company, Alphabet. The new brand identity "aims to make Google more accessible and useful to our users", the company said in a blog post explaining the logo.
- U.S. says 19 million Takata air bag inflators still need repair
- Tue, 01 Sep 2015 16:56:46 -0400 -
U.S. safety regulators on Tuesday said that about 19 million defective Takata Corp air bag inflators remain installed in U.S. vehicles, and that no root cause to the problem has been found. About 19.2 million vehicles containing a total of 23.4 million air bag inflators made by 11 automakers have been recalled, a NHTSA official said. The inflator figure is higher because about 4 million vehicles have defective Takata air bag inflators on both driver and passenger sides, the National Highway Traffic Safety Administration official said.
- Rosengren sees gradual Fed rate hikes, downplays timing
- Tue, 01 Sep 2015 15:24:28 -0400 -
The Federal Reserve will probably only gradually raise interest rates, irrespective of whether it decides to take the first step a few months earlier or later, a top U.S. central banker said on Tuesday. The dovish president of the Boston Fed, Eric Rosengren, said a more modest policy tightening cycle than in the past is appropriate because of low inflation and threats to U.S. economic growth. Dodging the question of whether he would prefer to start hiking rates at a Sept. 16-17 policy meeting, Rosengren, who does not have a vote on the Fed's policy committee until next year, said U.S. inflation could come under yet more pressure if the economies of China, Japan, and the euro zone slow down, and if recent market turmoil persists.
- Exclusive: Mexico withheld millions in tax refunds from P&G, Unilever, Colgate
- Tue, 01 Sep 2015 11:36:02 -0400 -
By Alexandra Alper MEXICO CITY (Reuters) - Mexico's government withheld hundreds of millions of dollars in tax refunds owed to Procter & Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks. After luring foreign companies with corporate tax breaks for years, Mexico moved to boost its tax take as oil output has slumped, encouraged by an Organisation for Economic Co-Operation and Development crackdown on profit-shifting to low-tax countries. Mexico's tax authority SAT held back more than $384 million in value-added tax (VAT) from the three companies while it was probing them and nearly 270 others for possible tax avoidance after President Enrique Pena Nieto took office in late 2012, people familiar with tax negotiations say.
- Cortana for Windows 10 arrives in four more countries
- Tue, 01 Sep 2015 19:56:00 -0400 -
- Construction Success
- Tue, 01 Sep 2015 19:20:49 -0400 -
When it comes to construction projects, all too often people start out with pretty drawings and end up with shouting matches or - worse - expensive lawsuits. Your project may be steel and concrete. But even a "minor" mistake, like using the wrong waterproofing caulk, can turn it into a leaky, moldy mess that's ready for the wrecking ball - or...
- White House wants you to have online chats with the government
- Tue, 01 Sep 2015 19:19:00 -0400 -
- Google to start downranking sites with huge app install ads
- Tue, 01 Sep 2015 18:52:00 -0400 -
- PlayStation 4 jumps on the YouTube Gaming bandwagon
- Tue, 01 Sep 2015 18:29:00 -0400 -
- California Uber drivers can join in class-action lawsuit
- Tue, 01 Sep 2015 17:45:00 -0400 - Uber drivers are not employees of the ride hailing company. Instead they are contractors responsible for their own gas, vehicle upkeep and if anything happens to the driver or car while they are searching ...
- That decked-out first-run Tesla Model X will cost you $140K
- Tue, 01 Sep 2015 16:49:00 -0400 - Tesla revealed its pricing scheme for its upcoming Model X electric SUV on Tuesday when it sent out online configurators to prospective buyers. The limited edition first-run, dubbed the Signature Series, ...
- Google, Microsoft and Netflix team up on free video formats
- Tue, 01 Sep 2015 16:26:00 -0400 - It's no secret that many tech companies hate video formats that are closed, cost money or both -- enough so that they'll drop popular standards and develop their own codecs. There hasn't been a concerted ...
- LinkedIn rolls out revamped messaging service with GIFs, emojis
- Tue, 01 Sep 2015 16:16:00 -0400 -
The social network for professionals has redesigned its messaging interface with features commonly found in popular chat apps.
- Don't bother connecting your Moto 360 to an iPhone
- Tue, 01 Sep 2015 15:44:55 -0400 -
Own a Moto 360 smartwatch and excited that Android Wear has finally come to iOS? You might want to hold off because the current experience is far from stellar.
- Sony's aqua blue PS Vita hits GameStop November 2nd
- Tue, 01 Sep 2015 15:41:00 -0400 -
- Sales automation startup Apttus raises $108 million
- Tue, 01 Sep 2015 15:31:00 -0400 -
Apttus is backed by Salesforce Ventures and makes a platform for configuring the quote-to-cash process.
- Markets Pounded Amid Factory Fears
- Tue, 01 Sep 2015 15:30:10 -0400 - U.S. equity markets kicked off the first trading day of the month with a steep selloff on the back of weak manufacturing data across the world.
- What Sony, Samsung and others have on tap for IFA 2015
- Tue, 01 Sep 2015 15:19:00 -0400 -
- New iPhone sales unlikely to outdo iPhone 6, 6 Plus, claims analyst
- Tue, 01 Sep 2015 15:06:44 -0400 -
Apple's upcoming iPhone 6s could have a tough time beating the sales records set by the iPhone 6 and 6 Plus, claims a senior analyst for Bloomberg Intelligence.
- 'Disney Infinity' finally feels like a complete game
- Tue, 01 Sep 2015 15:00:00 -0400 -
- Chipotle Admits That Not All Their Food is GMO Free
- Tue, 01 Sep 2015 14:59:58 -0400 - The burrito giant is being sued in a class action lawsuit for claiming its menu is GMO free.
- The awful LinkedIn inbox is now a modern messaging service
- Tue, 01 Sep 2015 14:36:00 -0400 - LinkedIn is undoubtably a valuable, even essential, service these days, but that doesn't meant the site is all that easy to use. If you've ever shaken your head in frustration at the mess that is the LinkedIn ...
- SAP Introduces Spark-based HANA Vora
- Tue, 01 Sep 2015 14:30:04 -0400 -
SAP introduces a new flavor of HANA, hybridizing Hadoop/Spark-based technology with Enterprise BI and OLAP systems.
- Social Entrepreneurship Is The New Black
- Tue, 01 Sep 2015 14:11:40 -0400 - In his 2013 TED Talk, Harvard Business Strategy professor, Michael Porter, made his case for "why business can be good at solving social problems." In his speech, he made the bold claim that even massive problems such as climate change and access to water won't be solved until the business world solves them.Porter's speech and the work he's...
- Faber: We've Reached a Tipping Point
- Tue, 01 Sep 2015 14:09:53 -0400 - The markets have “reached some kind of tipping point,” according to Gloom, Boom & Doom Report publisher Marc Faber. He added that global markets have realized deceleration in China’s economy is worse than predicted.
- What's in Your Mystery Basket?
- Tue, 01 Sep 2015 14:04:19 -0400 -
Truth time. I've got a little obsession. And I know I'm not alone on this one.It combines some of my very favorite things: riveting drama, diverse personalities...and food.It's the television show Chopped. And I looooooove it. In fact, I record it regularly so I can watch it every morning as I prep for the day.If you don't know the Food Network...
- Bluetooth alternative sends signals through the human body
- Tue, 01 Sep 2015 13:46:00 -0400 -
- 'Star Wars Battlefront' multiplayer test starts in early October
- Tue, 01 Sep 2015 13:22:00 -0400 -
- Google's new logo is fit for the Internet of Things
- Tue, 01 Sep 2015 13:05:00 -0400 -
Google needed a logo that would work on phones, watches, and, who knows, even your refrigerator.
- Fed's Rosengren: Expect Gradual Return for Rates
- Tue, 01 Sep 2015 13:00:09 -0400 - Once the Fed starts raising borrowing costs, the upward trajectory of interest rates can be expected to be slow and extremely measured, according to Boston Fed President Eric Rosengren.
- Instagram adds more direct messaging features
- Tue, 01 Sep 2015 13:00:00 -0400 -
- Artificial intelligence in business: The state of play and future prospects
- Tue, 01 Sep 2015 12:57:45 -0400 -
Humans are more likely to work with smart machines in the digital enterprises of the future than be ousted by them, but the possibility of economic and social disruption needs to be on the political agenda.
- Research: 34 percent afraid of artificial intelligence
- Tue, 01 Sep 2015 12:56:54 -0400 -
What does artificial intelligence mean to you? Is it the downfall of our world as we know it? Or a boon to business and society? Find out more in Tech Pro Research's survey on the subject.
- Executive's guide to AI in business (free ebook)
- Tue, 01 Sep 2015 12:56:00 -0400 -
Our latest ebook looks at advances in AI technologies, recent breakthroughs and future developments, and how, and in what ways, AI is likely to affect business.