Business
Alibaba Posts Another Strong Quarterly Earnings
Alibaba is the dominant player in China when it comes to online commerce and has expanded into sectors including sport and entertainment. The company benefited from a record sales on its Singles' Day Shopping Festival on November 11, 2016.
Business
Trump's protectionist speech hits dollar and shares
The dollar had soared late past year on expectations that Trump's pledges to cut taxes and hike infrastructure spending would boost the US economy, spurring inflation and higher interest rates. As Donald Trump took charge of the presidency of the United States, the dollar retreated against most of its peers on Monday, with warnings of wild volatility.
Business
Paddy Power Betfair sees 2016 earnings hit mid-point
It expects the group's underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be close to the mid-point of its previously guided range of between £390m (€453m) and £405m (€470m). The Irish firm notes that the total cost of "customer friendly results" was approximately £40m (€46m) in the quarter - before "any benefit from the re-cycling of winnings".
Business
I'm cutting 75% of regulations, maybe more!
During the meeting with business leaders, Trump warned that companies will only benefit from his tax cuts if the remain in the U.S. "You have to go through the process, but it's going to be expedited. "Some people would say that's not free trade", he added. As he did on the campaign trail, Trump said that his plans to push American manufacturing and renegotiate trade deals do not mean that he wants to abandon free trade altogether.
Business
United States judge blocks Aetna-Humana deal as bad for consumers
Aetna spokesman T.J. Crawford said the insurer's lawyers are reviewing the 158-page opinion and "are giving serious consideration to an appeal after putting forward a compelling case". Humana is the second-largest Medicare Advantage insurer, while Aetna is the fourth-largest and is rapidly adding more members. The likely effects of one company holding such a large market share include higher premiums and out-of-pocket costs for consumers, lower health plan quality, less innovation in ...
Business
Caught on camera: Police officer saves woman trapped inside burning auto
Novak told KHQ that she drove over a patch of ice on Spokane's north side when her vehicle suddenly shut off. Smoke started to rise from the hood of the vehicle and then flames. "I'm realizing where there's smoke, there's fire and oh crap my car's now on fire", Novak explained. Officer Tim Schwering was the first to arrive on the scene, just before fire crews.