Business

Uber Defends Business Model, Wants to Avert Strict EU Rules

Uber Defends Business Model, Wants to Avert Strict EU Rules

The case concerns its UberPOP service which the company halted after the lawsuit. Such a ruling would subject the company to stricter rules on licensing, insurance and safety, with possible knock-on effects on other startups such as online home rental company Airbnb and food delivery company Deliveroo, other big brands in the sharing economy.



Breitbart urges Kellogg's boycott over pulled ads

Using the hashtag #DumpKelloggs to promote a petition through social media, Breitbart is urging its readers to "ban bigotry from the breakfast table". Bannon said the controversy is merely an attempt by liberal critics to smear both him and Trump after losing the election. In an interview with The Hollywood Reporter, Bannon disputed allegations that he is a white nationalist .



Trump tapping Washington, Wall Street veterans for top jobs

The comments highlight two potential sources of tension for the Trump administration as it pushes its tax plan - one with congressional Republicans, the other with the federal budget deficit. Mnuchin is a proponent of trickle-down economics, the theory that cutting taxes on the rich and corporations will have benefits that trickle down to Main Street - a theory that failed in its first incarnation under the Reagan administration.


Japanese road closed after sinkhole opens up again

Japanese road closed after sinkhole opens up again

The speedily repaired Japanese sinkhole is sinking again, said CTV News . While Japan was initially praised for its efficiency in repairing the problem, there is now concern over how quick the work was carried out. Fukuoka mayor Soichiro Takashima apologized in a Facebook post for not warning residents that the street could sink slightly as the sinkhole filling settles, and added that the street may continue to sink a few more centimeters before the fix is fully compressed.


Maersk Line to acquire Hamburg Süd

Maersk Line to acquire Hamburg Süd

Oetker Group , which is family owned and based in Germany, is involved in banking, food, beverages and of course shipping. Maersk Line , the shipping arm of Danish conglomerate A.P. Market participants speculated that the family would choose to sell its shipping container business. Hamburg Sud is also one of the few global shipping lines still unaffiliated with an alliance and recorded $6.7 billion in revenue past year.


Micron Technology Inc. (MU) Stake Maintained by First Eagle Investment Management LLC

Micron Technology Inc. (MU) Stake Maintained by First Eagle Investment Management LLC

In a research note released today, analyst Rajvindra Gill from Needham reiterated a Sell rating on the semiconductor company, Micron Technology Inc . In an effort to expand its SSD product portfolio, last year, the company partnered with Seagate Technology plc STX to supply a significant portion of the latter's NAND requirement.