The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T, Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, The New York Times reported Friday, citing six people with knowledge of the inquiry. The investigation was opened about five months ago after at least one device …
The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers. The companies confirmed the inquiry in separate statements late Friday in response to a report in The New York Times. The U.S. …
Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by the Interfax news agency as saying Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals, including …
Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by the Interfax news agency as saying Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals, including …
American banking giant Wells Fargo has agreed to pay federal regulators $1 billion to settle charges that it failed to identify and avert problems related to its mortgage and auto lending operations. The bank has admitted it sold unwanted or unnecessary automobile insurance to hundreds of thousands of its auto …
American banking giant Wells Fargo has agreed to pay federal regulators $1 billion to settle charges that it failed to identify and avert problems related to its mortgage and auto lending operations. The bank has admitted it sold unwanted or unnecessary automobile insurance to hundreds of thousands of its auto …
U.S. news reports say Wells Fargo will be fined as much as $1 billion for illegally selling customers car insurance policies they did not want or need, and for charging unnecessary fees in connection with mortgages. This would be the largest fine ever imposed by federal bank regulators and the Consumer …
The biggest danger from the U.S.-China trade dispute is the threat to global confidence and investment, International Monetary Fund Managing Director Christine Lagarde said on Thursday. The IMF chief said the tariffs threatened by the world’s two largest economies would have a modest direct impact on the global economy but …
Russian aluminum giant Rusal is stockpiling large quantities of aluminum at one of its plants in Siberia because U.S. sanctions imposed this month have prevented it from selling the metal to customers, five sources close to the company said. With the firm’s own storage space filling up with unsold aluminum, …
A bitterly divided House panel Wednesday approved new work and job training requirements for food stamps as part of a five-year renewal of federal farm and nutrition policy. The GOP-run Agriculture Committee approved the measure strictly along party lines after a contentious, five-hour hearing in which Democrats blasted the legislation, …
SunPower Corp. on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports. The White House cheered the deal, saying it was proof that Trump’s trade policies were stimulating U.S. investment. Terms of the transaction …
President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief. Nearly 2,200 companies are asking the Commerce Department to exempt them from the 25 percent steel tariff, and more than 200 other companies …
German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. President Emmanuel Macron, who will meet Merkel in Berlin on Thursday, is pushing hard for bold euro zone reforms to …
German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. President Emmanuel Macron, who will meet Merkel in Berlin on Thursday, is pushing hard for bold euro zone reforms to …
The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago. The European Union and Japan concluded negotiations to create the world’s largest economic area …
The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago. The European Union and Japan concluded negotiations to create the world’s largest economic area …
The city of Yanan, a major wind power base in northwest China’s Shaanxi province, has introduced a lottery system to decide which wind projects will go ahead this year, a sign that grid constraints are forcing local governments to restrict capacity. China has been aggressively developing alternative power as part …
Americans who waited until the last day to file their federal taxes faced a major hurdle hours before the midnight deadline. The Internal Revenue Service website’s “Direct Pay” page, which allows filers to pay their taxes directly from their bank account free of charge, crashed Tuesday. The IRS still expects …
Concerned by a rise in near misses by unmanned aircraft and commercial jets, the world’s airlines back development of a U.N.-led global registry for drones, an executive of their trade group said Tuesday. The International Air Transport Association backs efforts by the U.N. aviation agency to develop such a registry, which could also help …
Starbucks said Tuesday it will close all of its more than 8,000 company-owned U.S. stores on May 29 to educate employees about racial bias in an attempt to prevent more acts of discrimination. The announcement was made days after the arrest of two African American men who sat in a …
Every year when the pastoralist men in Fatima Demba’s Mauritanian village return from their months-long journey to find pastures and water, the women erupt in wild celebrations. “We draw henna tattoos on our bodies, we braid our hair, we wear our nicest clothes,” she said, re-adjusting her bright yellow and …
Toyota Motor Corp. plans to start selling U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker said on Monday, potentially preventing thousands of accidents annually. The U.S. Transportation Department must decide whether to adopt a pending proposal that would require all future …
The U.S. Department of Commerce has banned American companies from selling components to Chinese telecom equipment maker ZTE for seven years after breaking an agreement reached after it was caught illegally shipping goods to Iran, U.S. officials said Monday. The U.S. action, first reported by Reuters, could be devastating to …
Doug Fabbioli is concerned about the future of the rural economy, as urban sprawl expands from metropolitan areas into farm fields and pastureland. The Virginia winery owner decided to be part of the solution and founded The New AG School. As Faiza Elmasry tells us, the school’s mission is raising …
The Northern Territory government in Australia says it has been approached by nearly 50 Chinese companies looking to buy land to start donkey farms. Demand for donkey products, especially donkey-hide gelatin is increasing in China, while global supplies are falling. The Northern Territory government has bought a small herd of …
Dozens of passengers line up in single file along the platform in the dead of night, ready to gather their luggage and pile into the ageing railway carriages. At the small railway station in Nampula, in northeastern Mozambique, the 4:00 a.m. train to Cuamba in the north west is more …