Source Match Wholesale Industry News
President Barack Obama issued an executive order which prohibits China's Fujian Grand Chip Investment Fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron , the Treasury Department said on Friday. The White House said it was blocking the deal following an assessment done by the Committee on Foreign Investment in the United States, an inter-agency task force led by the Treasury Department. Aixtron has said that the deal would be called off if the U.S. president opposed it.
By Patrick Rucker and Anna Irrera WASHINGTON (Reuters) - Online credit companies and paperless lenders would be able to get federal charters to do business nationwide under a plan outlined on Friday by a U.S. banking regulator. The Office of the Comptroller of the Currency (OCC), the main regulator for federal banks, said it hoped offering a charter for "fintech" companies would spur banking sector innovation. "Technology-based products and services are the future of banking and the economy," OCC director Thomas Curry said, outlining the proposal in a speech at the Georgetown University Law Center.
(Reuters) - The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday. The 100-page report by the commission created by President Barack Obama earlier this year also recommended that the president and the U.S. Congress accelerate the pace at which technology is updated in the federal sector and that the president appoint an ambassador for cyber security for efforts abroad.
Growth rose 5.8 percent to $3.2 trillion, or $9,990 per person, according to federal data published in the independent journal Health Affairs and compiled into a report by officials with the Centers for Medicare and Medicaid Services. After five years of historically low growth between 2009 and 2013, spending picked up in 2014 and 2015 as the Affordable Care Act - sometimes referred to as Obamacare - expanded health insurance coverage through marketplace insurance plans and Medicaid, the report said. Over the two-year period between 2013 and 2015 the number of people with private health insurance rose 2.5 percent on average to 9.7 million.
A U.S. Labor Department report showed employers in private and public sectors hired more people last month than economists had expected, further strengthening expectations of a hike when the U.S. central bank meets Dec. 13 and 14. "If it is in the high one hundred (thousands) on payrolls then everybody is pretty much just yawning at it," said Jeff Weniger, senior strategist at BMO Private Bank in Chicago.
Amazon wants Alexa in as many products as possible, so it’s partnering with Intel to make it easier for manufacturers to incorporate the voice assistant into their devices. The two companies announced plans yesterday to release reference designs for a connected speaker within the first quarter of 2017, which will provide manufacturers with a plan to follow when making a new device. Amazon opened up its Alexa API around a year and a half ago, and in the time since then, product manufacturers have integrated Amazon’s assistant into various devices, including watches, tablets, and even singing fish.
U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday. "It is critical that we not forget our still quite recent history," Tarullo told a meeting of financial market researchers in Washington, referring to the 2008 housing bust that pushed global financial markets to near-collapse.
As I ate eel for lunch today, I found myself wondering what eels themselves ate. Plants, probably. Maybe seaweed. Wrong. I should have known better. After all, eels are basically the snakes of the sea, and snakes eat more than plants. Snakes are carnivores and eels are, too; they consume microscopic creatures called plankton. Yes, the humble garden eel and the majestic blue whale eat the same thing. Unlike the blue whale, eels don’t flow through the water, swallowing water andmourning beautifully. ...
United Airlines' parent company will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines' decision in December 2011 to add a nonstop flight between Newark, New Jersey and Columbia, South Carolina for then chairman David Samson's personal benefit harmed shareholders, who were forced to foot the bill. The SEC said its investigation would continue.
Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said, citing an internal memo. Deutsche Bank Chief Executive John Cryan is stepping up the restructuring process as the bank finalises talks with U.S. justice authorities over a multi-billion dollar fine related to U.S. mortgages.
Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to steal about 5 billion rubles. Sychyov was commenting on a central bank report released earlier in the day, that told about hackers breaking into accounts there by faking a client's credentials.
Starting today, you can stream 4K content from Hulu on Xbox One S and the PlayStation 4 Pro. But the selection of shows and movies available at launch is pretty underwhelming compared to rivals Netflix and Amazon Video, who’ve both been offering 4K for some time now. Hulu’s first batch of 4K includes the company’s lineup original shows and 20 James Bond films. So while that’s pretty good news for 007 fanatics, well, it doesn’t do much for everyone else. Hulu Originals (11.22.63, The Path, Chance, etc. ...
Anyway, fast-forward almost 20 years and my obsession with human-made climate change has just gotten worse, as has climate change itself. Keep talking to people who don’t believe climate change is the biggest threat facing our future. It’s a great way to keep up with the latest climate change news and meet the people who are working in the field, doing research and making stuff happen.
This week AT&T announced that it would give special treatment to DirecTV’s new streaming service by excluding it from AT&T customers’ wireless data caps. Ever since we started writing about net neutrality, we’ve argued that zero rating is a bad, anti-competitive idea that in the long run will hurt consumers, though it may appear like a huge consumer benefit in the short-term. Now we know the FCC seems to agree, based on letters it sent today to Verizon and AT&T about their zero rating and sponsored data programs.
Facebook is reportedly working on a feature resembling Snapchat’s Discover for the social network’s News Feed. According to Business Insider, Facebook has “approached media and entertainment companies” in recent weeks for potential inclusion in the new feature, which would highlight curated content from partners directly in the News Feed — giving prominent exposure to stuff your friends might not be sharing or liking organically. This upcoming News Feed section will be called “Collections” according to the report.
In two letters sent to AT&T and Verizon yesterday, the FCC writes that sponsored data plans from the telecom giants are a threat to net neutrality. In AT&T’s case, the FCC writes that, despite protests from the company, its sponsored data program “strongly favors AT&T's own video offerings” while damaging the opportunity for other video services to compete. “We have therefore reached the preliminary conclusion that these practices inhibit competition, harm consumers, and interfere with the ‘virtuous cycle’ needed to assure the continuing benefits of the Open Internet,” FCC wireless bureau chief Jon Wilkins writes in the letter, which requests a response from the company by December 15th.
The last time Rolls-Royce let the world in on its upcoming SUV codenamed “Project Cullinan,” it was testing out the all-wheel drive platform using a freakishly modified Phantom. Now, some 20 months later, we’re getting the first glimpse of the actual SUV that will go up against the Bentley Bentyaga for the title of the most luxurious vehicle that can take you and the kids on a Whole Foods run. If you think Project Cullinan looks like a slightly bigger Phantom, that’s seemingly what Rolls-Royce was going for.
WASHINGTON (AP) — A national commission was set Friday to deliver urgent recommendations to improve the nation's cybersecurity, weeks before President-elect Donald Trump takes office. The report follows the worst hacking of U.S. government systems in history and accusations by the Obama administration that Russia meddled in the U.S. presidential election by hacking Democrats.
The Path Breath and Fat Band is a new set of devices that claim to help users lose weight by giving them a detailed analysis of their metabolism. The set, which just launched on Kickstarter, is comprised of a wearable bracelet and a breath-analyzing device. The device monitors oxygen and carbon dioxide levels to estimate the user’s 24-hour metabolism, or, more precisely, when they’re burning fat.
A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to tap the brakes with higher interest rates. Since Trump's election, officials at the U.S. central bank have cautiously introduced the possibility that his spending and tax cut plans could prompt a faster pace of rate increases than the two hikes currently foreseen in 2017. With November's decline, the jobless rate is now already below the most optimistic projections from Fed policymakers for where it would stand at year end.
For several hours today, Facebook blocked links to “bsdetector.tech,” the website for a popular browser extension that detects and tags disreputable news sources. “This message contains content that has been blocked by our security systems,” an error message told users when they attempted to link to the site on Facebook. It’s unclear why Facebook blocked the extension’s page, but it began working again this afternoon.
In a bid to boost Britain's economy through Brexit, Prime Minister Theresa May's government has said it wants to address business concerns and replace an aging copper network with the "gold standard" common across Asia and parts of Europe. Pressure has been building on BT and its Openreach division for years, led by rivals TalkTalk, Sky and Vodafone, who rely on the network, and by a group of politicians who believe it is failing consumers and businesses. Rivals blame BT, saying Openreach's cashflow funds other parts of its business - such as expensive sports TV rights - and have called for the network to be spun off completely.
Starbucks Corp said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Johnson, a long-time technology executive. "Howard can't be in that position forever," Morningstar analyst R.J. Hottovy told Reuters. Johnson worked with Schultz for nearly two years and has been on Starbucks' board since 2009.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. The solid employment gains likely reflect growing confidence in the economy, which has been marked by rising consumer spending and inflation. The unemployment rate fell three-tenths of a percentage point last month, hitting its lowest level since August 2007, because more people found work as well as dropped out of the labor force.
Billionaire investor Mark Cuban will be among the witnesses scheduled to testify at a U.S. Senate Judiciary panel hearing on Dec. 7 on AT&T Inc's proposed $85.4 billion acquisition of Time Warner Inc . AT&T Chief Executive Officer Randall Stephenson and Time Warner CEO Jeffrey Bewkes will also testify at the meeting of the Subcommittee on Antitrust, Competition Policy and Consumer Rights. Cuban, who owns the Dallas Mavericks and Landmark Theatres movie chain, has been a vocal supporter of the deal, saying on Twitter and in published interviews that the combined company could be a counterweight to big digital companies like Facebook Inc , Apple Inc , Netflix Inc , Alphabet Inc , Amazon.com Inc and Snapchat Inc.
Chances of a rate hike at the Fed's Dec. 13-14 meeting were pegged at 95 percent after the report, based on CME's FedWatch page. Before the release, which also showed a solid 178,000 jobs gained last month, traders saw about a 93 percent chance of a December rate hike, and were betting on at least one more rate hike in 2017. Fed officials largely believe that a 4.6 percent unemployment rate is lower than the U.S. economy can sustain for any length of time without creating upward and potentially undesirable price pressures.