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China's Xi Jinping Defends Globalization at Davos

Wednesday January 18th, 2017 04:47:22 AM
Chinese President Xi Jinping offered a full-throated defense of economic globalization at a time of global uncertainty fueled by Britain’s decision to leave the EU and the U.S. election victory of Donald Trump.

Executives in Davos Are Upbeat

Wednesday January 18th, 2017 01:32:53 AM
With markets improving and a pro-business administration poised to take over in Washington, the mood among global corporate and financial leaders at the annual Davos powwow is upbeat, despite the surge of antiglobal sentiment.

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US Business

Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm

Wednesday January 18th, 2017 05:12:06 AM
The Federal Trade Commission sued Qualcomm Inc., alleging the semiconductor company engaged in unlawful tactics to maintain a monopoly on a type of chip used in cellphones.

With Reynolds Deal, BAT Looks to U.S. for Growth

Tuesday January 17th, 2017 10:21:32 PM
British American Tobacco agreed to take full control of Reynolds in a $49.4 billion deal that marks renewed interest among international players in the U.S. tobacco market.

Mattel Names New CEO, Picking Google's Giorgiadis

Tuesday January 17th, 2017 10:40:05 PM
Mattel Inc. named Google executive Margaret Georgiadis as its next chief executive, bringing an outsider to replace Christopher Sinclair atop the biggest U.S. toy company.

International Business Times

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Coca-Cola Funded Anti-Obesity Nonprofit GEBN Shuts Down After Allegations Of Coke's Involvement

Tuesday December 1st, 2015 09:10:04 AM
The Global Energy Balance Network (GEBN), a nonprofit organization funded by the Coca-Cola Co., said on its website late Monday that it will discontinue its operations. The announcement comes four months after it was revealed that the Atlanta, Georgia-based beverage maker was involved in the activities of the group.

Cyber Monday Is Still The Busiest Online Shopping Day Of The Year, Even As Year-Round Web Commerce Booms

Monday November 30th, 2015 09:11:34 PM
Eager to capture the frenzied crowds that flock to brick-and-mortar stores on Black Friday, online retailers banded together 10 years ago and birthed a shopping holiday of their own. Since then, so-called Cyber Monday has turned out to be an enormous success, becoming the busiest online shopping day of the year.

Small Shops See Uptick In Customers Despite Lack Of Small Business Saturday American Express Incentives

Saturday November 28th, 2015 10:57:07 PM
In the wake of Black Friday, small shops and retailers were getting the attention on Saturday as United States consumers came out for Small Business Saturday -- a shopping holiday conceived by American Express in 2010. The day has become a way for small retailers, restaurants and shops to promote their establishments within their local communities.

International Business Times

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Qualcomm Forced Apple To Use Its Hardware, FTC Lawsuit Says

Tuesday January 17th, 2017 11:37:19 PM
Telecommunications hardware manufacturer Qualcomm forced Apple to exclusively use its products, according to a lawsuit filed by the Federal Trade Commission (FTC) on Tuesday.

Drone Regulations: FAA Issues Largest Fine Ever To UAV Company For Illegal Flights

Tuesday January 17th, 2017 11:34:48 PM
The Federal Aviation Administration may have loosened its regulations on drones last summer, but it’s still cracking down on those who violate the rules. The administration issued its largest civil penalty ever Tuesday to drone company SkyPan International. The settlement agreement between the FAA and SkyPan will require the Chicago-based company to pay $200,000 for conducting 65 illegal drone flights in congested airspace over Chicago and New York City, the FAA said.

Zotac's Tiny Gaming PC Is VR Ready

Tuesday January 17th, 2017 07:36:33 PM
Virtual reality gaming PC setups generally require full-sized bulking desktop cases, but what if you could get the same performance out of something smaller? At CES, PC and gaming hardware manufacturer Zotac showcased several new compact PCs including the compact and VR-ready ZBOX MAGNUS EN1070K.

International Business Times

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Iran's New Oil And Gas Contract Terms Flexible On Crude Price, Risk: Official

Saturday November 21st, 2015 01:48:00 PM
TEHRAN, Iran (Reuters) -- Iran's new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian official told Reuters Saturday. Iran is trying to lure back international oil companies to develop its vast oil and gas reserves once sanctions are lifted under a deal with world powers. Iran will announce a new development contract model at conferences in Tehran Nov. 28-29 ‎and in London in February.

With Crude Prices At Historic Lows, Saudi Arabia Pledges To Keep Oil Coming

Sunday November 8th, 2015 10:32:47 PM
A year after the price of crude went into free fall, the Kingdom of Saudi Arabia has said that it has no plans to reduce oil drilling. In comments to the Financial Times, Saudi officials said they see no reason to slow the supply of oil in advance of an international producers' meeting in December. 

How Will Federal Budget Deal Affect US Oil Security?

Wednesday October 28th, 2015 07:27:23 PM
As Middle East and Latin American countries grapple with sinking oil prices, the United States is considering a budget deal that would require the sale of 58 million barrels of oil from the emergency reserve created decades ago to shield the nation from market disruptions. While this release of crude is unlikely to directly affect oil prices, some experts say depleting the Strategic Petroleum Reserve could leave the U.S. vulnerable to unforeseen events that disrupt global oil markets.

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