Chinese regulators are reviewing Uber-Didi and Dreamworks-Comcast deals
Chinese government regulators have launched investigations into two closely watched takeovers: local ride-hailing giant Didi Chuxing’s acquisition of Uber China and Comcast Corp’s bid for DreamWorks Animation.Shen Danyang, a spokesman for the Ministry of Commerce, said Friday that the agency’s antitrust department has already met twice with Didi and "demanded that it explain the circumstances of the deal, why it hadn't reported [the deal], and to submit documents and materials pertaining to a l..>> view originalSpaceX Probe Focuses on Milliseconds Before Its Rocket Blew Up
SpaceX and federal investigators are poring over a few milliseconds of data as they probe why a blaze destroyed a Falcon 9 rocket and satellite on a Florida launchpad two days before a scheduled flight.The space exploration company founded by billionaire Elon Musk said Friday that it’s working to determine “causes and fixes” for the incident, which incinerated a satellite that Facebook Inc. planned to use to beam Internet access across a broad swath of Africa. Also unknown: the scale of damage ..>> view originalSoft Jobs Data Cools Market Expectations on Fed Rate Increase
Updated Sept. 2, 2016 5:55 p.m. ET U.S. employers did just enough hiring in August to keep unemployment in check and maintain steady—though unspectacular—wage growth. But cooling job growth from recent months reinforced market expectations that the Federal Reserve will push off a rate increase until December at the earliest. The monthly gain of 151,000 jobs was neither strong enough nor weak enough to settle the central bank’s long-running dilemma about whether the labor market ..>> view originalChina has ratified Paris climate agreement, state media says
China has ratified Paris climate agreement, state media says Posted September 03, 2016 14:14:46 China has ratified the Paris agreement on climate change, according to state media, a key move by the world's biggest polluter that brings the deal a major step closer to coming into force.The National People's Congress legislature voted to adopt "the proposal to review and ratify the Paris Agreement", the official Xinhua news agency said.The Paris pact calls for capping gl..>> view originalStocks rise as jobs report stokes hopes for low interest rates
U.S. stocks rose Friday as investors found some positive aspects in a middling employment report. Job growth slowed in August, and traders hope that will persuade the Federal Reserve to wait before raising interest rates.Stocks started the day with big gains following the Labor Department's job report. Energy companies rose more than the rest of the market as oil prices broke out of a four-day slump. The gains were broad, but the stocks that rose the most were utilities, which would stand to be..>> view originalRetailers scramble as shipper bankruptcy puts goods in limbo
Retailers scramble as shipper bankruptcy puts goods in limbo Anne D'innocenzio and Robert Jablon, Associated Press September 2, 2016 Photo: Damian Dovarganes, STF South Korea's Hanjin Shipping Co. containers are seen in the Port of Long Beach, Calif., on Thursday, Sep 1, 2016. The bankruptcy of the Hanjin shi..>> view originalIreland Joins Forces With Apple to Combat the EU Tax Ruling
Ireland’s cabinet agreed on Friday to join Apple aapl in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker, despite misgivings among independents who back the fragile coalition. The Commission’s ruling this week that the U.S. tech giant must pay up to 13 billion euros ($14.5 billion) to Dublin has angered Washington, which accuses the EU of trying to grab tax revenue that should go to the U.S. government. With transatlanti..>> view originalMicrosoft's Challenge to Government Secrecy Wins Dozens of Supporters
SEATTLE — Dozens of allies threw their weight behind Microsoft on Friday in a case that challenges law enforcement’s use of secrecy orders to cloak its pursuit of digital communications in investigations.Amazon, Google, Snapchat, Salesforce and several others filed a brief on Friday in support of Microsoft in its case against the United States Justice Department, while Apple, Mozilla and others made their own filing. Civil liberties groups and media organizations like Fox News, National Public ..>> view originalBond Traders Split on September as Fed Rate Path Remains Unclear
Treasuries traders who were looking to Friday’s U.S. jobs data to settle the Federal Reserve’s path on interest rates came away just as uncertain as before.A lukewarm August payrolls report left Wall Street divided about whether policy makers will act when they meet Sept. 20-21. Strategists at Goldman Sachs Group Inc. and Barclays Plc said the report bolsters the case for a September hike, while Citigroup Inc. and Deutsche Bank AG said the data don’t support such a move. Futures traders showed ..>> view original
Saturday, September 10, 2016
Chinese regulators are reviewing Uber-Didi and Dreamworks-Comcast deals and other top stories.
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