By Lisa Baertlein LOS ANGELES (Reuters) – Starbucks Corp on Tuesday said its sales-boosting Mobile Order & Pay service is now available in all of its nearly 7,500 U.S. company-operated shops, a nationwide roll-out completed about three months ahead of schedule. Mobile Order & Pay is a feature on the Starbucks app, which the company says has 16 million active users on Apple and Android devices in the United States.
Xiaomi Inc, China’s leading smartphone maker, announced on Tuesday two prepaid wireless plans to mark its debut as a mobile virtual network operator (MVNO) competing against China’s national carriers. MVNOs, which purchase network capacity from large carriers and resell mobile plans under their own branding, have failed to gain traction in China, where three state-owned giants dominate the telecoms industry.
By Karen Freifeld NEW YORK (Reuters) – New York state’s financial services regulator has granted a “BitLicense,” its first, to a virtual currency, the agency announced on Tuesday. The license went to Circle Internet Financial, a Boston-based bitcoin startup, the New York Department of Financial Services said. The “BitLicense” is based on the first set of guidelines created by a state specifically for companies that operate in virtual currencies such
U.S. stocks traded sharply lower, pressured by continued anxiety over slowing global growth following the Fed’s decision to keep rates unchanged.
Volkswagen’s CEO says he’s “endlessly sorry” for the company’s diesel emissions scandal and is pledging a fast and thorough investigation. Martin Winterkorn said in a video message Tuesday: “We …
NEW YORK/WASHINGTON, Sept 22 (Reuters) – The United States and Cuba plan to hold talks in Havana next week on normalizing airline service, a U.S. official said on Tuesday, a step that could benefit U.S. carriers if the island becomes open to American tourism. The talks will take place Sept. 28-29, the official said, as Washington and Havana inch toward normal relations after more than half a century of hostility
Brian Moynihan will keep his dual role as Bank of America Corp.’s chairman and chief executive officer after shareholders voted to ratify governance changes made last year. The Charlotte, North Carolina-based lender had called the special meeting after angering some investors by undoing a 2009 shareholder-backed bylaw requiring an independent chairman. Moynihan, nearing his sixth year leading Bank of America, survived a campaign by pension funds and proxy advisers seeking
Coca-Cola disclosed Tuesday that it spent $118.6 million on health research and partnerships in the U.S. over the past five years, including funding for a group that was criticized for downplaying the …
Groupon is shutting operations in Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay after exiting Greece and Turkey, the company said in a separate blog post on Tuesday. Groupon, which had about 11,800 employees globally at the end of December, said that it expected to complete the job cuts, mainly in sales and customer service, by September 2016. Markets outside North America accounted for about 43 percent of
Treatment will include chemotherapy over the next several months in New York, Blankfein said in a statement on the bank’s website. While Blankfein, 61, is undergoing chemotherapy, other senior bank officials will assume some of his responsibilities in dealing with the public, including Chief Operating Officer Gary Cohn, the second highest ranking executive, a person familiar with the matter said. Blankfein said he will curtail some travel while he is
