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Japanese minister agrees to contribute information on developments with Toshiba

The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.

Mar 20, 2017 08:55 AM EDT


Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.

Mar 16, 2017 08:11 AM EDT


Toshiba looking to sell controlling stake in Westinghouse Unit

Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.

Mar 15, 2017 07:11 AM EDT


Apple found guilty of price-fixing practices in Russia, regulator says

Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.

Mar 15, 2017 06:05 AM EDT


HSBC breaks tradition, names AIA boss Mark Tucker as chairman

The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.

Mar 15, 2017 06:12 AM EDT


Atlanta Fed appoints first African-American regional president as major step in diversity

The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.

Mar 14, 2017 06:05 AM EDT


Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal

Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.

Mar 14, 2017 06:08 AM EDT


Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

Mar 13, 2017 12:30 PM EDT


US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday.

Mar 13, 2017 09:26 AM EDT


Sears posts another quarterly operating loss

Embattled US department store operator posts another quarterly operating loss that is even worse than the previous corresponding period which the company attributes to having fewer Kmart and Sears Full-line stores in operation.

Mar 12, 2017 10:57 PM EDT


Staples closes 70 stores amid disappointing stocks and sales

Traditional brick-and-mortar stores have been under pressure for some time due to greater online competition, which led Staples to close 4.5 percent of its store in 1,600 locations.

Mar 11, 2017 09:13 AM EST


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