Posts From King World News
By John Ruwitch HANGZHOU, China (Reuters) – When it comes to fighting fakes, Alibaba’s head of internet security says cooperation beats the courtroom any day. Ni Liang, who runs the Hangzhou, China-based company’s anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves Saint Laurent and other luxury brands owned by Paris-based Kering SA sued Alibaba in New York, alleging the e-commerce giant had knowingly made it possible for counterfeiters
Swedish podcasting platform Acast has raised $5 million from Sweden’s Bonnier Growth Media as it targets further expansion in Europe and the United States, it said in a statement on Monday. Acast, which was launched a year ago, has grown sharply and currently has 1 million unique users with 12 million streams per month. We are convinced that Acast has a very interesting position on a growing podcast market,” said
Chinese private car hire app Yidao Yongche has hinted at a tie-up with Uber Technologies Inc, the controversial $40 billion U.S. taxi-hailing firm which has repeatedly hit regulatory roadblocks in China, the world’s largest smartphone market. In an entry posted on its official Weibo microblog account on Sunday, Yidao Yongche published a picture featuring the image of a heart connecting its own and Uber’s logos, the date “May 21, 2015”,
Apple remains “dramatically undervalued”, activist investor Carl Icahn said on Monday, adding that it was time for the iPhone maker to execute a much larger share buyback.
Stocks are expensive, but they’re not in bubble territory, BlackRock strategist Russ Koesterich says.
The drop in confidence helps explain why builders such as D.R. Horton Inc. are trying to offer more lower-priced homes in a bid to attract customers waiting to see if the economy rebounds from a first-quarter slump. At the same time, construction chiefs became more optimistic about the future as still-low mortgage rates and an improving job market underpin the market.
For the first time, Amtrak could face a $200 million payout to train crash victims — the limit set by Congress. But that may be too low to cover the costs of the eight lives lost and more than 200 people …
As the back half of May unfolds, a large majority of Wall Street play callers are projecting that September will see the first Fed rate hike. Too cozy a consensus?
Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity.
MasterCard Inc. is poised to receive an antitrust complaint from European Union watchdogs probing card-payment fees, according to three people with knowledge of the case. Regulators may send a statement of objections to MasterCard before the end of July, said the people, who asked not to be named because the case isn’t public. “MasterCard being much more internationally focused, it has been more inclined to fight than to settle so
