(Bloomberg) -- Tinder joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple Inc.The online dating site launched a new default payment process that skips Google Play and foRead more »
(Bloomberg) -- Royal Philips NV’s efforts to revamp supply chains to mitigate the impact of the U.S.-China trade dispute are paying off, with the Dutch health-care company reporting better-than-estimated profit.The maker of scanners and diagnostic gear needs China as state-owned facilities invest in
(Bloomberg) -- They propelled a little-known semiconductor manufacturer to a 521% surge, traded a mid-sized railway company 13 times more feverishly than the world’s largest bank and valued a chipmaking-gear producer at an eye-watering 730 times earnings.Chinese investors greeted the opening of the country
(Bloomberg) -- Asahi Group Holdings Ltd. is already getting a headache from its $11 billion Australian foray.Japan’s biggest brewer, seeking to escape a slow-growing, aging market at home, is buying the Australian assets of Anheuser-Busch InBev NV, which owns iconic but low-priced beers such as Victoria
(Bloomberg Opinion) -- If you hold shares in New York-listed Alibaba Group Holding Ltd., you don’t own a stake in a Chinese internet powerhouse.What you have are the American depositary receipts of a Cayman Islands company that has a contract with the Chinese firm. In fact, the country’s largest search
Electric vehicles (EVs) are becoming increasingly common, with many manufacturers currently offering models that plug in. There are dozens more models expected to hit the market over the next few...
Consumers vote with their wallets, and in recent years they've chosen top-loaders, both high-efficiency (HE) and agitator models, over front-loading washing machines. HE top-loaders, in particula...
(Bloomberg) -- The upbeat picture painted by this past week’s blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo.In the same week the five biggest U.S. lenders raked in over $30 billion in earnings for the first time, others around the globe left
(Bloomberg) -- Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action.The settlement also calls for the Alphabet Inc. unit to
(Bloomberg) -- YouTube reached a settlement with the U.S. Federal Trade Commission resolving allegations that the company violated rules about collecting data on and advertising to children, according to a person familiar with the matter.The FTC’s five-member commission voted to approve the settlement
Sotheby’s is planning to auction off an out-of-this-world collection on the 50th anniversary of the Apollo 11 moon landing — but owning a piece of space history comes at a hefty price.
(Bloomberg) -- Former pro basketball star Rick Fox is close to a sale of his esports company, according to people with knowledge of the matter, after one of his partners used a racial slur.A deal for Echo Fox could be announced Monday, said the people, who asked not to be identified because the discussions
(Bloomberg) -- Medallia Inc. ended its first day as a public company with one of the year’s 10 best trading debuts after its $325.5 million initial public offering.Shares of the enterprise software provider, which rose as much as 88% Friday, closed up 76% to $37.05. That gave it the eighth-best first-day
(Bloomberg) -- President Donald Trump’s senior advisers have invited U.S. technology companies to the White House on Monday to discuss a resumption of sales to blacklisted Chinese telecoms giant Huawei Technologies Co., according to people familiar with the matter.White House economic adviser Larry Kudlow
(Bloomberg) -- Netflix Inc.’s biggest earnings surprise in years sent the shares plummeting the day after results were released, leaving analysts and investors wondering why they were caught so off guard.When some companies know that their quarterly results are going to fall short of forecasts, they
(Bloomberg) -- The European Union said it may deem certain 5G suppliers a security risk, noting that Chinese law requires domestic companies to collaborate with intelligence agencies.The EU won’t target China’s Huawei Technologies Co. "from the outset," Security Commissioner Julian King told
(Bloomberg) -- U.S. government officials in 2014 revealed an alarming safety issue: Passenger mobile phones and other types of radio signals could pose a crash threat to some models of Boeing 737 and 777 airplanes.More than 1,300 jets registered in the U.S. were equipped with cockpit screens vulnerable
(Bloomberg) -- Walmart Inc. is conducting its second U.S. restructuring in as many months to better integrate its money-losing online business with its 4,700 physical stores.The world’s largest retailer will merge the logistics and finance teams for its e-commerce unit and stores, according to an internal
When you live in a small apartment or house with limited storage space, finding a place to stash a vacuum can be a challenge. Some uprights are slimmer than others, and given how good stick vacuu...
(Bloomberg) -- Microsoft Corp. rose to a record after topping quarterly sales and profit projections, fueled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year.The software maker pledged
Nvidia has recreated the Apollo 11 moon landing in modern graphics to demonstrate what astronauts saw 50 years ago.
(Bloomberg) -- Lyft Inc. wants its riders in America’s largest city to know that they might not need to take a Lyft. They can just ride the subway.Over the next few months, Lyft said users of its app will be able to access real-time public transportation information in New York City. The move marks another