Articles by April Kirstin Chua

31-60 (out of 73)

Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US

An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.

Mar 24, 2017 9:57 AM EDT


Gulf airlines worry about effects of electronics ban; UK follows new security measure

According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.

Mar 24, 2017 9:39 AM EDT


Disney to give back wages to employees charged for their costumes

The US Department of Labor and two subsidiaries of The Walt Disney Co. have reached an agreement to give back $3.8 million in back wages according to a press release statement issued last Friday.

Mar 24, 2017 9:35 AM EDT


Japanese minister agrees to contribute information on developments with Toshiba

The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.

Mar 20, 2017 8:55 AM EDT


Renault denies reports it cheated on emissions tests for decades

Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.

Mar 20, 2017 8:52 AM EDT


Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.

Mar 16, 2017 8:11 AM EDT


Audi, VW sites raided by German prosecutors in emissions-scandal probe

Buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal

Mar 16, 2017 8:10 AM EDT


Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out

Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.

Mar 16, 2017 8:08 AM EDT


Toshiba looking to sell controlling stake in Westinghouse Unit

Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.

Mar 15, 2017 7:11 AM EDT


HSBC breaks tradition, names AIA boss Mark Tucker as chairman

The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.

Mar 15, 2017 6:12 AM EDT


Apple found guilty of price-fixing practices in Russia, regulator says

Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years. Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.

Mar 15, 2017 6:05 AM EDT


Vodafone vows to create 2,100 jobs in the UK to enhance quality of customer service

Mobile tech giant Vodafone is slowly trying to recover its tarnished reputation over the botched IT billing system and poor customer service record by hiring thousands of call center employees in the UK.

Mar 14, 2017 6:10 AM EDT


Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal

Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.

Mar 14, 2017 6:08 AM EDT


Atlanta Fed appoints first African-American regional president as major step in diversity

The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.

Mar 14, 2017 6:05 AM EDT


Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

Mar 13, 2017 12:30 PM EDT


US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday. US employers added 235,000 jobs in February as per a Labor Department report released on Friday.

Mar 13, 2017 9:26 AM EDT


Wells Fargo reshuffles execs, demotes three managers over fake account scandal

Scandal-ridden bank initiates organizational clean-up due to alleged mistreatment of workers aside from the popular fake account scandal. Wells Fargo vows to be a more streamlined, efficient and consistent consumer bank.

Mar 11, 2017 9:14 AM EST


Staples closes 70 stores amid disappointing stocks and sales

Traditional brick-and-mortar stores have been under pressure for some time due to greater online competition, which led Staples to close 4.5 percent of its store in 1,600 locations.

Mar 11, 2017 9:13 AM EST


Airbnb closes $1 billion round of investment funding making it second most valuable start-up in US

The San Francisco-based firm offered not to comment further on how it would use the investment funding, instead it expressed its intention to expand operations globally.

Mar 10, 2017 9:06 AM EST


Samsung expands manufacturing in the US to produce home appliances

The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.

Mar 09, 2017 9:05 AM EST


US oil output set to break records in 2018

The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.

Mar 09, 2017 9:04 AM EST


China gives preliminary approval for dozens of Trump-related trademarks in businesses

Trump's lawyers in China say the business is simply trying to protect Trump trademark from anyone who might try to use the name to its advantage.

Mar 09, 2017 9:04 AM EST


General Motors lays off 1,100 employees in Lansing plant

The workers keeping their jobs now are still safe from any employment actions as General Motors just invested $583 million in the plant.

Mar 08, 2017 8:55 AM EST


ESPN to implement job cuts that could extend to personalities who appear on TV, radio, online

Details of the job cuts will still be finalized but layoffs would definitely take place through as a consequence to delivering ESPN fans content consumption.

Mar 08, 2017 8:55 AM EST


Snapchat parent company's IPO gains just disappeared

Analysts are concerned over Snapchat's sudden growth, valuation and hype for the past weeks and claim its IPO gains as overpriced.

Mar 08, 2017 8:54 AM EST


Michael Hill International Limited appoints new CEO

The board and the employees in Michael Hill are excited by Taylor's appoointment as he sees to unlock new opportunities and new streams of value for the company.

Mar 07, 2017 10:00 AM EST


Vauxhall joins PSA Group in €2.2 billion deal, employees fear job losses

French company that owns Peugeot and Citroen enters into a €2.2 billion deal to buy General Motor's European unit which includes Vauxhall. General Motor CEO Mary Barra affirms Vauxhall's British brand while respecting the agreements on the workforce.

Mar 07, 2017 9:42 AM EST


German tycoon Schlecker faces fraud trial with family

Anton Shlecker is accused of offenses related to the 2012 bankruptcy of his pharmacy chain that employed 50,000 people in Germany and in Europe.

Mar 07, 2017 9:42 AM EST


Mercedes-Benz recalls almost one million cars after 51 fires reported

The incident was due to an issue with an engine part that can cause an electrical fire and conditions would occur during the starting of the car.

Mar 06, 2017 8:52 AM EST


Luxury automakers drive online sales on Tmall.com

China is projected to become the top market for luxury automakers by 2020 and brands rev up sales with Tmall.com to reach the country's affluent and digitally active consumers.

Mar 06, 2017 5:58 AM EST


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