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Wendy's probing likely fraudulent payment-card charges

Wendy's probing likely fraudulent payment-card charges

REUTERS: Burger chain operator Wendy’s Co said on Wednesday it was investigating reports of unusual activity with payment cards used at some of its 5,700 locations in the United States. “Reports indicate fraudulent charges may have occurred elsewhere after payment cards were legitimately used at some restaurants,” Wendy’s spokesman Bob Bertini told Reuters in an […]

January 27, 2016 | By | Reply More
New US single-family home sales race to 10-month high

New US single-family home sales race to 10-month high

WASHINGTON: New U.S. single-family home sales surged in December to their highest level in 10 months, the latest indication that the housing sector remains on a firmer footing despite a massive stock market sell-off and slowing economic growth. The Commerce Department said on Wednesday sales rose 10.8 percent to a seasonally adjusted annual rate of […]

January 27, 2016 | By | Reply More
Rich travellers want more free internet at hotels

Rich travellers want more free internet at hotels

IF YOU were a member of the 1%, what would be your primary concern when choosing a hotel? A fancy restaurant, maybe, or a luxury spa? Perhaps it would be privacy? In fact, according to a new report on luxury travel by Resonance, a consultancy, it would probably be free internet access. In a survey […]

January 27, 2016 | By | Reply More
Fiat Chrysler ups 2018 financial targets, Jeep sales goal

Fiat Chrysler ups 2018 financial targets, Jeep sales goal

MILAN: Fiat Chrysler Automobiles (FCA) raised the financial targets of its turnaround plan on Wednesday following a better-than-expected performance in North America and Europe and strong sales of its Jeep SUVs. However, the world’s seventh-largest carmaker reduced its profit margin forecast for Latin America given tough market conditions in Brazil and uncertain prospects for recovery […]

January 27, 2016 | By | Reply More
Boeing forecasts 2016 earnings below estimates; shares tumble

Boeing forecasts 2016 earnings below estimates; shares tumble

REUTERS: Boeing Co , said on Wednesday it would deliver fewer planes in 2016 and forecast earnings below expectations, sending shares tumbling as much as 10 percent to a 52-week low. The world’s biggest planemaker also reported weaker fourth-quarter profit, mainly due to a charge announced last week for slowing production of the 747-8 jumbo. […]

January 27, 2016 | By | Reply More
Wanted: Start-ups for Mediapreneur's second phase

Wanted: Start-ups for Mediapreneur's second phase

SINGAPORE: Mediacorp is calling for start-ups to join the second phase of its incubator programme, the Mediapreneur. The initiative seeks to nurture high-potential technology companies in the media industry. Phase 1 will end in April, with Phase 2 set to begin in May. It will see a new batch of 15 start-ups housed at the […]

January 27, 2016 | By | Reply More
Didi Kuaidi is dominating Uber in China's private transport market

Didi Kuaidi is dominating Uber in China's private transport market

FOREIGN internet giants often struggle in China. Facebook, Twitter and Google are largely irrelevant on the mainland. Uber, an American car-hailing app that is conquering markets everywhere else, is also finding China hard to crack. But unlike those other tech titans, the taxi disrupter is not being frozen out by unfair Chinese regulations favouring local […]

January 27, 2016 | By | Reply More
Apple shares seen staying muted until iPhone 7 rings in growth

Apple shares seen staying muted until iPhone 7 rings in growth

REUTERS: Apple Inc shares fell 4 percent on Wednesday after the company reported its slowest-ever rise in iPhone shipments, with an uptick likely only after the expected launch of iPhone 7 in September. The March quarter is likely to be the weakest this year in terms of iPhone sales for the company, which forecast on […]

January 27, 2016 | By | Reply More
What happened to the capex boom?

What happened to the capex boom?

ONE reason why interest rates were cut to zero rates in the aftermath of the financial crisis was to encourage business to invest, and thus boost the real economy. Companies have a “hurdle rate” for new investment; a project must offer a higher return than the hurdle rate. Other things being equal (a critical assumption), […]

January 27, 2016 | By | Reply More
Indexes set to fall on oil slide, Apple results

Indexes set to fall on oil slide, Apple results

REUTERS: U.S. stocks opened lower on Wednesday after oil prices gave up gains and as Apple’s tepid quarterly revenue forecast weighed. The Dow Jones industrial average was down 94.44 points, or 0.58 percent, to 16,072.79; the S&P 500 was down 5.3 points, or 0.28 percent, to 1,898.33; and the Nasdaq Composite index was down 20.16 […]

January 27, 2016 | By | Reply More