Trump: Not ‘that far off’ from passing health overhaul

June 26th, 2017 Business

Trump said he doesn't think congressional Republicans are "that far off" on a health overhaul to replace Obamacare.

Indian Prime Minister Modi gets rave reviews after meeting with US CEOs

June 26th, 2017 Business

India’s Modi met Sunday with corporate America's leaders, contrasting sharply with a roundtable Trump recently held.

RBS to cut 443 jobs in UK, move many of them to India

June 26th, 2017 Business

British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.

China Box Office: ‘Transformers 5’ Opens to Huge $123M, But Can It Hold?

June 26th, 2017 Business, Movies

China is again the biggest market in the world by far for the Michael Bay action franchise, but whether the latest installment can match its predecessor is uncertain.

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Qualcomm’s Paul Jacobs: How to lead a tech giant

June 26th, 2017 Business

Qualcomm CEO Paul Jacobs shares some of his management advice with CNBC.

Daniel Loeb’s Third Point buys stake in Nestle, with holding valued at around $3.4 billion

June 26th, 2017 Business

Third Point hedge fund on Sunday unveiled a substantial Nestle stake and advised the company to shed its L'Oreal stake.

Fridman’s L1 Retail to buy Holland & Barrett for around $2.3 billion: Source

June 26th, 2017 Business

Russian billionaire Fridman's fund L1 Retail has agreed to buy Holland & Barrett for about $2.3 billion, a source said.

Etihad allows flyers to bid to keep adjacent seats empty

June 25th, 2017 Business

THERE are few things that airlines will not now put a price on. Even so, Etihad Airways has come up with an intriguing idea. The Abu Dhabi-based carrier is offering flyers the chance to bid to keep adjacent seats on a flight empty. Passengers can suggest the price they are willing to pay to block up to three berths, and the chance to stretch out a bit.

Anyone who regularly suffers the ignominy of economy-class flying knows that there is no finer feeling than discovering that a flight is half empty and that there is no need to sit cheek-by-jowl with fellow members of the hoi polloi. Most travellers can recount with glee a journey in which they found they had an entire row to themselves, could raise the armrests, and sleep soundly and horizontally for the duration of the flight. It is surely the only time that it is preferable to have a booked ticket in the middle column of seating. (A particularly pleasing Continue reading

California wildfire season off to hot start with three times more acreage going up in smoke

June 25th, 2017 Business

Wildfire season is getting underway and the heatwave, dry conditions and thick grasses could spell danger for California

Why Aren’t More Employees Suing Uber?

June 23rd, 2017 Business, Science

Arbitration agreements prevent lawsuits—but exacerbate the cultural problems endemic to startups.

US would like nuclear deal with India to go forward: Official

June 23rd, 2017 Business

President Donald Trump's administration would like to see a Westinghouse nuclear reactor deal with India move forward.

Don’t give your money to psychopaths, says science

June 23rd, 2017 Business

A new study shows how to actually detect psychopathy in the C-suite, Dealbreaker reports.

Qatar Airways wants a 10% stake in American Airlines

June 23rd, 2017 Business

IT SEEMED, at first blush, to be a masterclass in how to bait a rival. For years, American Airlines, along with other big American carriers, has complained of “unfair” competition from Middle Eastern operators, which stand accused of taking state subsidies. On June 22nd one of those accused, Qatar Airways, said it planned to take an unsolicited 10% stake in the firm.

In a regulatory filing, it was revealed that Qatar, which reported a profit of $540m in 2016, wants to buy at least $808m of American’s shares. The move has not gone down well with some. Doug Parker, American’s boss, described it as “puzzling”. One airline union accused Qatar of “using enormous government subsidies to gain a greater foothold in US markets”. Adding “They’re coming after our routes, which means the jobs of our members are at stake.”

Politicking from America, in turn, has been making life tough for Qatar’s national carrier. This month Donald Trump backed the decision of several Gulf states to cut diplomatic ties with…Continue reading

Pricier brews and premium food seen boosting Starbucks sales, KeyBanc says

June 23rd, 2017 Business

KeyBanc Capital Markets labeled Starbucks "overweight." It expects the coffee company's stock to rise to $68 by next year.

These lower oil prices could represent a buying opportunity: Expert

June 23rd, 2017 Business

Oil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity.

Brexit 12 months on: Here’s what has happened since the UK voted to leave the EU

June 23rd, 2017 Business

Friday marks the one year anniversary of the UK's vote on its EU membership, CNBC looks back at what's happened since.

Sterling weakness strengthens case for UK rate rise, says BOE policymaker

June 23rd, 2017 Business

Bank of England's Kristin Forbes said she feared the pound's weakness would have a lasting upward effect on inflation.

Five must-knows if you want to become a chief marketing officer, by Diageo, Johnson & Johnson and HP

June 23rd, 2017 Business

Far from being the "coloring in department," responsible for making people want to buy products, marketing now has a broader remit than ever.

Olivier Martinez Signs With APA (Exclusive)

June 23rd, 2017 Business, Movies, Television

The ‘Unfaithful’ French actor most recently starred on Nat Geo’s ‘Mars.’

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China’s banking regulator orders loan checks on Wanda, Fosun, HNA, others

June 23rd, 2017 Business

Several of China’s largest overseas asset buyers are being placed under scrutiny, amid a government crackdown on money laundering.