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London Officials Say Uber Is Unfit To Operate In City
The transport authority said Uber's approach and conduct "demonstrate a lack of corporate responsibility in relation to a number of issues that have public safety and security implications."
Uber To Lose License In London: 'Not Fit And Proper,' City Says
The issues raised by Transport for London include Uber's "approach to reporting serious criminal offences" and how it handles background checks.
Uber's license to operate in London won't be renewed
Uber London Ltd.'s license to operate won't be renewed, London's transportation regulator said Friday. Transport for London said its review of the service found Uber demonstrated a lack of corporate responsibility in a number of issues, including its approach to reporting serious criminal offenses. "TfL has concluded that Uber London Limited is not fit and proper to hold a private hire operator licence," TfL said in a statement. Uber's license to operate as a private hire service is set to expire on Sept. 30. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
China's Two Largest Tech Companies Sign A Deal Over The West's Biggest Music
A deal between China's dominant tech companies reveals a lot about the country's approach to policing culture.
No 10 seeks Brexit backing from business
Downing Street has asked some of the UK's biggest firms to back the government's approach to Brexit.
Merck to buy privately-held biotech Rigontec for 115 mln euros upfront
Merck & Co. said Wednesday that it will acquire privately-held biotech Rigontec for €115 million ($137 million) upfront to Rigontec's shareholders and up to €349 million ($416 million) in additional milestone-contingent payments. Germany-based Rigontec develops RNA-based immunotherapeutics to treat cancer and viral diseases. The company's approach "complements our strategy and our current pipeline," said Merck Research Laboratories' Dr. Eric Rubin. "We think this is an interesting early stage deal that has potential synergy with other [immuno-oncology] agents, although there may be some safety concerns related to immune stimulation in general," said EvercoreISI analyst Umer Raffat. Raffat also noted that it's an early-stage deal: Rigontec's lead product is currently in early-stage trials with an expected readout by the end of 2019. Merck shares rose 0.5% in light trade midday Wednesday. Shares have declined 1.1% over the last three months, compared with a 1.4% rise in the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hurricane Harvey costs mount up
Analysts say damage from the storm could approach $100bn.
Get started: Business owners upbeat, cautious about hiring
While many small business owners are upbeat about their companies and the economy, they're maintaining their cautious approach to hiring.
PM faces trade scrutiny as Japan trip looms
Theresa May is facing pressure to transform her approach to shaping Britain's post-Brexit trade links amid scepticism from business leaders about the scale and ambition of a forthcoming trip to Japan.
China's Great Wall eyes Fiat Chrysler bid
The Chinese SUV maker says it is interested in buying the Jeep owner, but no approach has been made.
Summer rumblings could herald a stormy fall for U.S. stocks
NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting the return of lawmakers to Washington.
Merkel rival Schulz attacks her "zig zag" German car policy
BERLIN, Aug 15 (Reuters) - Angela Merkel's main challenger
in next month's German election criticised the chancellor's
approach to carmakers on Tuesday and called for them to pay for
the widening emissions scandal.
Trump orders review of China's trade practises
The president asks the top US trade official to review China's approach to intellectual property.
Trump authorises possible China trade investigation
The president asks the top US trade official to review China's approach to intellectual property.
BRIEF-Noble Group rebuffed takeover approach from Centricus- FT, citing sources
* Noble Group rebuffed takeover approach from Centricus- FT,
Why Limelight Networks, Inc. Shares Rose 18% in July
The content delivery specialist's quality-based sales approach exceeded expectations in the second quarter, and the fruitful turnaround story is set to continue.
Carl E. Reichardt, Leader of Wells Fargo in the 1980s and ’90s, Dies at 86
Mr. Reichardt introduced a leaner approach to commercial banking that served as a model for the industry.
Seed funding slows in Silicon Valley
SAN FRANCISCO, August 1 (Reuters) - The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies.
Stock market opens at all-time intraday highs
U.S. stock-index benchmarks on Thursday jumped to records at the open, supported by the latest round of upbeat corporate results. Most recently Facebook Inc. reported second-quarter results late-Wednesday that beat expectations, helping it approach a market value of $500 million. Enthusiasm around Facebook helped to lift the broader technology industry . The Dow Jones Industrial Average rose to an all-time intraday high and was most recently up 0.2% at 21,763, the S&P 500 index climbed 0.2% at 2,481, while the tech-laden Nasdaq Composite Index rose 0.5% at 6,453. Separately, Twitter Inc. shares were plunging after it reported lackluster user growth in its recent quarterly report. Shares of the microblogging platform were down about 13%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
VMware gains after report that Amazon deal could expand to data-center software
VMware Inc. stock gained Monday morning after a report said that the software company is in talks with Amazon.com Inc.'s cloud business to expand their partnership into software for corporate data centers. The Information reported Monday, based on an anonymous source, that VMware and Amazon Web Services are discussing developing software for corporate data centers that would allow companies better access to public-cloud resources like AWS while keeping some information on their own servers. The hybrid-cloud software approach would be a first for Amazon on such a large scale, and could allow VMware, an important software component for many data centers, to address a larger market of companies that want a hybrid-cloud approach. The two rivals are already working on a partnership that would allow AWS customers to access the VMware public cloud. Neither company confirmed the talks with The Information, though VMware cloud exec Mark Lohmeyer said, "there will definitely be opportunities to create more integration points between VMware and AWS over time." VMware jumped after the report landed about a half-hour into Monday's trading session, and was up about 2.5% in midday trading; Amazon had gained about 0.9% as the S&P 500 and other broad indexes tracked gains of about 0.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. stocks close higher on dovish Yellen, Dow ends at record
U.S. stocks closed higher on Wednesday after Federal Reserve Chairwoman Janet Yellen emphasized the central bank's gradual approach to normalizing monetary policy and expressed optimism about the economy in congressional testimony. The Dow Jones Industrial Average ended up 125 points, or 0.6%, to 21,534, a new closing record. The S&P 500 closed up 17.9 points, or 0.7%, to 2,443.5. The Nasdaq Composite Index jumped 67.9 points, or 1.1%, to 6,261. The day's gains were broad, with all 11 of the S&P 500's primary sectors ending higher on the day. Seeing particular strength were tech shares, which rose 1.3%. Among the biggest gainers of the day, Microsoft Corp ended up 1.7% while Facebook Inc. advanced 2.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Gold tallies a third-consecutive session gain
Gold ended higher Wednesday, buoyed by U.S. political uncertainty fueled by Donald Trump Jr.'s release of email exchanges linked to a meeting with a Russian lawyer last year. Investors also digested Congressional testimony from Federal Reserve Chairwoman Janet Yellen, who reiterated the central bank's "gradual" approach to raising interest rates. August gold rose $4.40, or 0.4%, to settle at $1,219.10 an ounce. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Trump and EU offer starkly different trade visions at G-20
U.S. President Donald Trump's "America First" approach faces off against the European Union and its support for broad free trade agreements at G-20 summit.
Australia's Vocus allows KKR to conduct due diligence for $1.7 billion bid
(Reuters) - Embattled Australian internet company Vocus Group Ltd said it will open its books for KKR & Co LP to conduct due diligence, a sign it may accept a $1.66 billion buyout approach dismissed by investors weeks earlier as too low.
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