Verizon's Latest Stumble Puts Pressure on Media Makeover Plans
Verizon Communications Inc. continues to face a slowdown in its core wireless business, putting more pressure on the phone giant to show progress in its plan to transform itself into a media and advertising rival to Facebook and Google.The nation’s largest wireless carrier sacrificed profits in the fourth quarter by cutting prices and offering giveaways like free iPhones, but lured fewer customers than expected. The company added 591,000 subscribers, compared with 1.5 million a year earlier and..>> view originalTrump gets to work for his blue-collar base
President Donald Trump is showing that he is not forgetting the blue-collar voters who sent him to the White House, making clear during an energetic first full weekday in office that his administration will be devoted to US workers.Flexing his broad executive powers for the first time on the economy, Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal that was the centerpiece of the Obama administration's Asia strategy.He also gave notice that he hopes to get ..>> view originalKroger adding thousands of jobs nationwide
Johnson & Johnson cautious in outlook, shops diabetes care
FILE - In this July 16, 2012, file photo, Johnson & Johnson products are displayed in Orlando, Fla. On Tuesday, Jan. 24, 2017, Johnson & Johnson reports financial results. (AP Photo/John Raoux, File) The Associated Press. By TOM MURPHY, AP Health ...>> view originalHow a Trump tariff could sideswipe U.S. auto industry
The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money."I don't think the auto industry would turn up its feet and die, but it would be a terrible shock. It would create mayhem with their profitability," said Marina Whitman, a ..>> view originalAlibaba Lifts Forecast as New Ventures Bolster E-Commerce
Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as cloud computing, entertainment and search.China’s biggest e-commerce company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously. That may help assuage investors concerned that a deceleration in the world’s second-largest economy is curtailing Alibaba’s mai..>> view originalThe first days inside Trump's White House: Fury, tumult and a reboot
President Trump had just returned to the White House on Saturday from his final inauguration event, a tranquil interfaith prayer service, when the flashes of anger began to build. Trump turned on the television to see a jarring juxtaposition — massive demonstrations around the globe protesting his day-old presidency and footage of the sparser crowd at his inauguration, with large patches of white empty space on the Mall. As his press secretary, Sean Spicer, was still unpacking boxes in his spa..>> view originalTrump to CEOs: Stay here, and I'll wipe out 75 percent of regulations, fast-track factories
President Trump told leaders of companies ranging from Lockheed Martin Corp. to Under Armour that he believes his administration can cut regulations governing companies by 75 percent or more, at a meeting on Jan. 23 at the White House. (Reuters) In the opening hours of his first formal day in the White House on Monday, President Trump welcomed leaders from several of the country's largest corporations and promised to wipe out at least 75 percent of government regulations that hinder their..>> view originalJudge Blocks Merger Of Anthem And Cigna On Antitrust Grounds
A federal judge ruled yesterday that the proposed $37 billion merger between Aetna and Humana would be anticompetitive, particularly when it comes to seniors in the Medicare Advantage marketplace. The ruling casts doubt on the likelihood that a similar pending alliance between Anthem and Cigna, already under fire on multiple fronts, will get a green light from the courts and regulators.“The government case against the Humana takeover focused on the market for private health plans for the elderly..>> view originalBT's Italy scandal deepens and UK slows, wiping $9 billion off shares
LONDON BT (BT.L) lost a fifth of its market value on Tuesday when an Italian accounting scandal compounded a sudden slowdown in its British government work, forcing the telecoms group to cut forecasts for the next two years.In an abrupt halt to the recovery BT had eked out since the 2008 downturn, the company's shares plunged to a three and a half year low in their worst ever one-day fall.While an admission of a 530-million-pound ($660 million)black hole in BT's Italian accounts shocked many, ..>> view original
Thursday, March 9, 2017
Verizon's Latest Stumble Puts Pressure on Media Makeover Plans and other top stories.
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