Chinese regulators are reviewing Uber-Didi and Dreamworks-Comcast deals
Chinese government regulators have launched investigations into two closely watched takeovers: local ride-hailing giant Didi Chuxing’s acquisition of Uber China and Comcast Corp’s bid for DreamWorks Animation.Shen Danyang, a spokesman for the Ministry of Commerce, said Friday that the agency’s antitrust department has already met twice with Didi and "demanded that it explain the circumstances of the deal, why it hadn't reported [the deal], and to submit documents and materials pertaining to a l..>> view originalDelta says it lost $100 million in revenue due to big outage
ATLANTA (AP) — Delta Air Lines Inc. said Friday that last month’s computer outage, which caused it to cancel 2,300 flights, cost $100 million in lost revenue. The airline also said that a key revenue per mile figure fell sharply in August, partly because of the outage. A fire and failure of a piece of equipment at Delta’s Atlanta headquarters on Aug. 8 caused a massive outage of the airline’s computer systems, temporarily grounding flights and leading to three days of heavy cancellations and de..>> view originalChina has ratified Paris climate agreement, state media says
China has ratified Paris climate agreement, state media says Posted September 03, 2016 14:14:46 China has ratified the Paris agreement on climate change, according to state media, a key move by the world's biggest polluter that brings the deal a major step closer to coming into force.The National People's Congress legislature voted to adopt "the proposal to review and ratify the Paris Agreement", the official Xinhua news agency said.The Paris pact calls for capping gl..>> view originalSlower US payrolls growth dims September Fed rate hike prospects
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. employment growth slowed more than expected in August after two straight months of robust gains and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month.Nonfarm payrolls rose by 151,000 jobs last month after an upwardly revised 275,000 increase in July, with hiring in manufacturing and construction sectors declining, the Labor Department said on Friday. The unemployment rate was unchang..>> view originalLong Holiday Weekend Follows Jobs Data as Fed Hike Chances Seem to Recede
Arriving in China, Obama Promotes Climate Legacy
Hangzhou, China (AP) -- Launching his final tour through Asia, President Barack Obama arrived in China on Saturday planning to spotlight U.S.-Chinese cooperation on climate change. The emerging partnership between the two biggest carbon emitters is a bright spot of Obama's uneven eight-year project to reshape U.S. relations in Asia. Obama, visiting this scenic Chinese city for the annual summit of Group of 20 industrialized and emerging economies, stepped off Air Force one onto a red carpet, w..>> view originalIreland Joins Forces With Apple to Combat the EU Tax Ruling
Ireland’s cabinet agreed on Friday to join Apple aapl in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker, despite misgivings among independents who back the fragile coalition. The Commission’s ruling this week that the U.S. tech giant must pay up to 13 billion euros ($14.5 billion) to Dublin has angered Washington, which accuses the EU of trying to grab tax revenue that should go to the U.S. government. With transatlanti..>> view originalSpaceX Probe Focuses on Milliseconds Before Its Rocket Blew Up
SpaceX and federal investigators are poring over a few milliseconds of data as they probe why a blaze destroyed a Falcon 9 rocket and satellite on a Florida launchpad two days before a scheduled flight.The space exploration company founded by billionaire Elon Musk said Friday that it’s working to determine “causes and fixes” for the incident, which incinerated a satellite that Facebook Inc. planned to use to beam Internet access across a broad swath of Africa. Also unknown: the scale of damage ..>> view originalHanjin Shipping Bankruptcy Unlikely to Ease Glut of Vessels
Sept. 2, 2016 2:41 p.m. ET The increasingly likely demise of one of the world’s biggest container-shipping companies may offer some short-term relief to a sector battered by a global downturn in trade. It also could hasten further industry consolidation. What the collapse of South Korea’s Hanjin Shipping Co. 117930 -24.16 % won’t likely do is solve the shipping industry’s biggest problem: 30% more space on ships than cargo to fill it amid a world-wide trading slump. As t..>> view originalLabor Day gasoline prices the lowest in 12 years
Americans driving on Labor Day weekend will pay the lowest price for gasoline over the holiday in more than a decade. The average retail price of gasoline was $2.24 a gallon on Monday, the Energy information Administration reported on Friday. That’s the lowest price for a gallon of gas on the Monday before Labor Day since 2004, and $0.27 cheaper than gasoline this year, EIA said. According to travel group AAA, the average price of regular gasoline was $2.22 a gallon on Friday, or $0.22 less than..>> view original
Saturday, September 10, 2016
Chinese regulators are reviewing Uber-Didi and Dreamworks-Comcast deals and other top stories.
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