Business

LOS ANGELES (Reuters) – Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg and Twitter Inc (TWTR.N) Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co’s (DIS.N) board because of growing conflicts of interest between the media giant and the technology companies, Disney said on Friday. Disney is moving heavily into online delivery
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NEW YORK (Reuters) – Companies in New York state are “open to the idea” of moving the state income tax code to a payroll tax system, a senior state official told Reuters on Friday. Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an alternative to the income
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Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth. Figures from Macau’s Gaming Inspection and Coordination bureau on Monday showed revenues rose 19
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SHANGHAI (Reuters) – Shanghai has issued a warning on the safety of metal products manufactured by scandal-hit Japanese firm Kobe Steel Ltd (5406.T) and strengthened scrutiny measures, state-owned Xinhua News Agency reported, citing the city’s inspection body. Japan’s No.3 steelmaker, which supplies the makers of cars, planes and trains across the world, said in October
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KUALA LUMPUR (Reuters) – Abu Dhabi’s government-owned International Petroleum Investment Co (IPIC) on Wednesday said Malaysian state fund 1Malaysia Development Berhad (1MDB) has made all required payments as part of a settlement agreement between the two. 1MDB was required to pay IPIC about $600 million by Dec. 31, as part of a settlement agreement reached
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BERLIN (Reuters) – Volkswagen (VOWG_p.DE) will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts. The carmaker’s popularity with motorists appears to have weathered the storm following the emissions scandal of September 2015, which has cost Volkswagen (VW) billions of euros in fines and
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SAN FRANCISCO (Reuters) – Investors saddled in 2017 with the market’s worst performers, including Under Armour and General Electric, may do well to remember as December draws to an end that lumps of coal sometimes turn into diamonds. As investment advisors rebalance clients’ portfolios in the final weeks of the year, the instinct to dump
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WALLKILL, NEW YORK (Reuters) – Joshua and Amy Hightower drive 40 minutes to a Toys “R” Us Inc store in a blue collar neighborhood in Wallkill, one of the farthest reaches of the New York City suburbs, so their children can try toys at an amusement area dubbed the “play lab.” “We were actually here
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NEW YORK (Reuters) – Wall Street’s main indexes were little changed on Wednesday, taking a breather after a month-long rally as both houses of Congress approved a tax overhaul in a long-anticipated vote. The Republican-controlled U.S. House of Representatives gave final approval to a sweeping tax bill, which will be the largest overhaul of the
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CHICAGO/NEW YORK (Reuters) – More U.S. online shoppers plan to give Amazon.com Inc (AMZN.O) the bulk of their holiday business this year than in previous years, according to a Reuters/Ipsos opinion poll, despite costly efforts by traditional retailers to attract customers to their websites. The online poll of 2,644 adults, released on Wednesday, found that
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