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Business

HSBC Misses Profit Estimates on Revenue Drop, Deepens Cost Cuts

Bloomberg - ‎23 minutes ago‎
HSBC Holdings Plc's fourth-quarter profit missed estimates on a surprise drop in revenue as the bank said it will boost cost-cutting measures and extend a stock buyback.
HSBC blames 'largely unexpected economic and political events' for 62 percent drop in annual pre-tax profit
HSBC loss widens to $4.23B, plans further buyback

Cuban: Trump can't stop rise of the robots and their effect on US jobs

USA TODAY - ‎12 hours ago‎
Add Mark Cuban to the list of tech visionaries exhorting the need to address the advance of robotics and artificial intelligence. "Automation is going to cause unemployment and we need to prepare for it," Cuban posted on Twitter with a link to an essay ...

Las Vegas Sands CEO says Japan casino resort could cost up to $10 billion

CNBC - ‎2 hours ago‎
A general view shows the Marina Bay Sands hotel and resort in Singapore on March 19, 2016. A resort hosting casinos in Japan could cost up to $10 billion to construct, Las Vegas Sands' chief said on Tuesday, as the casino operator looks to win ...

La La Land has the world's worst traffic congestion

USA TODAY - ‎Feb 19, 2017‎
Cheap gas and a surging economy are taxing the nation's roads and contributing to congestion that cost U.S. motorists almost $300 billion last year in wasted time and fuel, according to a new report.

China Minister Says Trade War With US Shouldn't Be an Option

Bloomberg - ‎58 minutes ago‎
A trade war between the world's two biggest economies shouldn't be an option, China's Commerce Minister Gao Hucheng said Tuesday at a briefing in Beijing.

Snap's IPO Draws Barclays CEO, But London Investors Remain Wary

Bloomberg - ‎9 hours ago‎
A full team of Snap Inc. executives, advisers, and the Chief Executive Officer of Barclays Plc attempted to sell the story of the social media company's IPO in London Monday.

Bill Gates: 'Robots that take jobs should be taxed just like the people they replace'

ZDNet - ‎19 hours ago‎
Bill Gates: "Taxation is certainly a better way to handle it than just banning some elements of it." Image: CNET. Robots should be taxed at the same level as the people they replace, to help fund better social services and education, according to ...

Toshiba Seeks At Least $8.8 Billion in Chip Stake Sale

Bloomberg - ‎4 hours ago‎
Toshiba Corp. is looking to raise at least 1 trillion yen ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a person familiar with the matter.

Trump's energy plan has him cozying up to Saudi Arabia

Washington Examiner - ‎1 hour ago‎
Saudi Arabia is quickly becoming one of the biggest fans of President Trump's pro-fossil fuels energy plan, as Trump seeks to make the oil-rich kingdom a key strategic ally for energy security and combating terrorism.

468-foot superyacht seized because of $16.2 million debt

Orlando Sentinel - ‎13 hours ago‎
Authorities in Gibraltar say they have seized one of the largest and most advanced superyachts in the world over an unsettled bill dispute between its owner and its German builder.

Outback Steakhouse closes in Rochester Hills

The Oakland Press - ‎26 minutes ago‎
The Outback Steakhouse in Rochester Hills is one of dozens of restaurants owned by the parent company that is closing across the country.

Asia stocks consolidate recent gains; China shines

Reuters - ‎1 hour ago‎
An investor walks in front of an electronic board showing stock information on the first trading day after the New Year holiday at a brokerage house in Shanghai, China, January 3, 2017.

Fill 'em up -- prices heading higher

Times Daily - ‎58 minutes ago‎
Michael Thompson puts fuel into his vehicle at a station in Florence. [JIM HANNON/TIMESDAILY]. prev. next. Winter soon will give way to spring, which brings the annual influx of warmer weather and greener scenery.

What Is The US Deficit? Donald Trump's Administration Wants To Recalculate The Number To Make It Look Bigger

International Business Times - ‎13 hours ago‎
The administration of President Donald Trump has planned to widen the appearance of America's trade deficit, measured as total exports minus total imports, by changing the method used to calculate it.

TCS announces up to $2.4 billion share buyback

Reuters - ‎2 hours ago‎
A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai, India October 13, 2016.

Consumer Watch: Avoiding Tax Scams

KOKH FOX25 - ‎2 hours ago‎
OKLAHOMA CITY (KOKH) - Tax season is here, but now there is more to worry about than just making sure you get everything right for the IRS.

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