Business

Samsung unveiled the latest version of its flagship Galaxy line of phones on Sunday. The Samsung Galaxy S9 has a similar look to the S8. The biggest differences between the two seem to lie in the S9’s camera, which lets users take better quality pictures in low-lit settings, and includes a slow motion feature with
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General Electric will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16
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Meanwhile, the demand for packaged and processed human foods is on the decline. Food companies that specialize in packaged and ready-made foods are looking for other sources of revenue — and are betting on the booming pet industry. On Friday, General Mills, the company famous for ready-made foods, such as cereals and yogurt, announced it
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The best-run companies have leaders willing to take a stand on societal issues such as gun control, former Medtronic chairman and CEO Bill George told CNBC on Friday. “If your only purpose is making money, then you’re going to run into … difficulties,” said George, a senior fellow at Harvard Business School where he teaches
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Commercial fishing covers more than 55 percent of the ocean’s surface, a new study has revealed in a potentially worrying sign about the depletion of marine resources. Fish from the wild do not currently contribute a significant portion of human caloric consumption, but “the footprint of industrial fishing in the ocean is over four times
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A grassroots millennial group backed by the conservative Koch brothers is warning cities that giving Amazon multi-million-dollar tax breaks for its new headquarters might not pay off. Generation Opportunity, an activist group within the Koch network, has been speaking out against cities offering Amazon tax breaks and other incentives to encourage the e-commerce giant to
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Former General Electric boss Jeff Immelt was consistently over-optimistic in running the large conglomerate during his 16-year tenure, The Wall Street Journal reported Wednesday. More than a dozen insiders — including both investors and current and former GE executives — told the paper Immelt would project results for the company’s future mismatched with its reality.
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Israeli media reported Wednesday that one of Prime Minister Benjamin Netanyahu‘s closest confidants has turned state witness and will incriminate him in corruption allegations, the latest in a dizzying series of developments that threaten to topple the beleaguered Israeli leader. Police would not confirm whether long-time aide Shlomo Filber would testify against Netanyahu, but all
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HSBC’s fortune turned around in 2017 with an increase in the year’s profit. The bank, largest in Europe by assets, said Tuesday its full-year profit before tax rose 10.9 percent to $20.99 billion after adjusting for foreign currency translation and one-off items. That’s beating the estimated $19.59 billion by Reuters and reversing the decline seen
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South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there. GM announced last week it will shutter the plant in the city of Gunsan, in South Korea’s
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Japan’s exports grew in January for a 14th straight month led by brisk shipments of China-bound hybrid cars and electronics parts, a sign solid global demand for Japanese goods continued to underpin growth in the world’s third largest economy. Ministry of Finance (MOF) data showed on Monday that exports grew 12.2 percent in January from
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The federal government’s immigration crackdown in California widened Friday with the announcement that a five-day sweep led to the arrest of 212 undocumented immigrants and the targeting of 122 businesses in Southern California. The action comes on the heels of raids in Northern California targeting undocumented immigrant workers. The Trump administration’s clampdown on illegal immigration
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Canadians will have to wait until at least early August or later to legally purchase recreational marijuana. As recently as last week, Prime Minister Justin Trudeau‘s government was insisting it was on track for legalization in July. But given a new Senate timetable to pass the legislation, Health Minister Ginette Petitpas Taylor conceded Thursday it
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