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Volkswagen customer plans to take diesel case to Germany's highest court

A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel car affected by emissions cheating, but the plaintiff's lawyer plans to appeal.
Posted at 02/19/2019 05:03 by Reuters - Financial Services and Real Estate

Honda to close UK car plant as Brexit looms

Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.
Posted at 02/19/2019 04:52 by Reuters - Financial Services and Real Estate

2020 hopeful Elizabeth Warren to unveil universal child care plan

Sen. Elizabeth Warren is planning to unveil a universal child care plan that would guarantee American families access to child care.
Posted at 02/19/2019 04:51 by Capital Markets (CNBC)

New round of U.S.-China trade talks to begin in Washington on Tuesday

A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday.
Posted at 02/19/2019 04:47 by Reuters - Financial Services and Real Estate

Global shares slip from four-month high, Swedish crown slumps

European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan's central bank said it could ease policy again.
Posted at 02/19/2019 04:38 by Reuters - Financial Services and Real Estate

British supermarkets battle to secure stocks as chaotic Brexit looms

Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing on trade terms, food industry officials say.
Posted at 02/19/2019 04:37 by Reuters - Financial Services and Real Estate

Payless ShoeSource seeks bankruptcy protection again

U.S. discount retailer Payless ShoeSource Inc on Monday filed for voluntary Chapter 11 bankruptcy protection for the second time, along with its North American subsidiaries, and said it would wind down all North American stores by the end of May.
Posted at 02/19/2019 04:35 by Reuters - Financial Services and Real Estate

Oil hovers below 2019 highs on OPEC cuts, trade talks in focus

Oil stayed within sight of its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although concern about slowing economic growth that would curb demand weighed.
Posted at 02/19/2019 04:29 by Reuters - Financial Services and Real Estate

China's JD.com to lay off 10 percent of senior executives this year: report

JD.com Inc, one of China's largest e-commerce sites, will lay off 10 percent of its senior executives this year, Chinese online media outlet Sina Tech reported on Tuesday, citing unnamed sources.
Posted at 02/19/2019 04:22 by Reuters - Financial Services and Real Estate

China's Fosun makes bid for German fashion chain Tom Tailor

Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector.
Posted at 02/19/2019 04:07 by Reuters - Financial Services and Real Estate

HSBC warns on China, UK slowdowns as 2018 profit disappoints

HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain.
Posted at 02/19/2019 04:05 by Reuters - Financial Services and Real Estate

Dayton-area data analytics firm to relocate, add new hires

A local data analytics firm will soon relocate as a result of the company's continued growth.
Posted at 02/19/2019 04:00 by Business Journal - Commercial Real Estate

Germany sees 'most difficult part' in EU-U.S. trade talks ahead

The most difficult part in trade negotiations between Europe and the United States is starting now and talks should focus on reducing tariffs on industrial goods to increase the chances of a deal, German Economy Minister Peter Altmaier said on Tuesday.
Posted at 02/19/2019 03:15 by Reuters - Financial Services and Real Estate

Chinese government doesn't get involved in Huawei's business: German boss

The head of China's Huawei Technologies in Germany told a German newspaper that the Chinese government does not get involved in the company's business, adding the firm would work on being open and transparent in the debate about security of mobile networks.
Posted at 02/19/2019 03:13 by Reuters - Financial Services and Real Estate

Mongolia to suspend KFC outlets for inquiry after food poisoning reports

A Mongolian regulator said it will suspend operations at KFC restaurants temporarily to conduct inquiries, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain.
Posted at 02/19/2019 02:52 by Reuters - Financial Services and Real Estate

Honda to shut UK car plant in 2022 with the loss of 3,500 jobs

Japanese car maker Honda is set to announce it's closing its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.
Posted at 02/19/2019 02:39 by Reuters - Financial Services and Real Estate

UK deeply disappointed by Honda's decision to close plant

Britain said on Tuesday it was deeply disappointed by Honda's decision to close its only British car plant.
Posted at 02/19/2019 02:31 by Reuters - Financial Services and Real Estate

Honda UK plant closure not related to Brexit: Europe boss

Honda's decision to close its only British car plant is not related to Brexit and is a product of global changes in the industry, the firm's Europe's boss said on Tuesday.
Posted at 02/19/2019 02:31 by Reuters - Financial Services and Real Estate

Honda CEO says decision to end production in UK not Brexit related

Honda Motor Co's decision to end production in Britain was not related to Brexit, its chief executive said on Tuesday, after announcing the closure of its only British car plant.
Posted at 02/19/2019 02:31 by Reuters - Financial Services and Real Estate

Steel fabrication company plans to hire 150 in Chandler

Z Modular, a division of Chicago-based Zekelman Industries, has signed a 10-year lease for 222,000 square feet of space in Chandler and plans to hire 150 employees. The company manufactures prefabricated steel structures used in commercial buildings, which are built at the company’s facility, then stacked and connected together at the site of a new building project. Z Modular plans to invest $17 million worth of tenant improvements in the East Valley facility at 6205 S. Arizona Ave., which will…
Posted at 02/19/2019 02:00 by Business Journal - Commercial Real Estate

Britain's Cobham takes $206 million charge to settle Boeing dispute

British engineer Cobham will take an additional exceptional charge of 160 million pounds ($206 million) to settle a dispute with Boeing over its delayed KC-46 aerial refuelling programme, it said on Tuesday.
Posted at 02/19/2019 01:55 by Reuters - Financial Services and Real Estate

Elliott takes 6.1 percent stake in Dutch Intertrust

Paul Elliott Singer, the hedge fund manager behind activist investor Elliott, has taken a 6.1 percent stake in Dutch trust and business administration company Intertrust, according to a filing published by the Dutch Authority for Financial Markets (AFM).
Posted at 02/19/2019 01:10 by Reuters - Financial Services and Real Estate

More and more signs point to slower spending in China. Analysts say not to worry

Falling car sales, sluggish retail sales data, a cooling housing market — those are all stoking fears of weakening consumer spending in China amid its slowing economy. But analysts say they're not concerned.
Posted at 02/19/2019 00:48 by Capital Markets (CNBC)

Goldman Sachs Asia Pacific CEO to retire: Bloomberg

Goldman Sachs Group Inc's Chairman and Chief Executive for the Asia-Pacific region excluding Japan, Ken Hitchner, is retiring from the company, Bloomberg reported on Tuesday, citing people with knowledge of the matter.
Posted at 02/19/2019 00:26 by Reuters - Financial Services and Real Estate

Two of the top five most active corporate VCs last year were Chinese

Corporate venture capital groups participated in $52.95 billion worth of funding across 2,740 deals last year, according to a new report from CB Insights.
Posted at 02/19/2019 00:07 by Capital Markets (CNBC)

40 under 40: David Stoughton

The Triad can retain more young professionals by increasing public-private partnerships, Stoughton said.
Posted at 02/18/2019 23:05 by Business Journal - Commercial Real Estate

Bali's new Starbucks flagship store has its own coffee farm and valet parking

The Starbucks Reserve Dewata in Bali feels more like a luxury hotel than a coffee shop.
Posted at 02/18/2019 22:57 by Capital Markets (CNBC)

US Deputy Attorney General Rosenstein to step down in March, says official

Rod Rosenstein, the U.S. deputy attorney general who appointed special counsel Robert Mueller to investigate possible ties between Russia and President Donald Trump's campaign, is expected to step down by mid March.
Posted at 02/18/2019 21:20 by Capital Markets (CNBC)

Europe's largest bank, HSBC, misses expectations in 2018 earnings

HSBC reported 2018 profit and revenue that came in below expectations following a challenging fourth-quarter.
Posted at 02/18/2019 20:53 by Capital Markets (CNBC)

A China trade deal 'fails' if Washington can't enforce it: US Chamber of Commerce

Any trade deal between the U.S. and China will need an enforcement mechanism, an American business association official said on Tuesday.
Posted at 02/18/2019 20:46 by Capital Markets (CNBC)

New round of US-China trade talks to kick off in Washington on Tuesday

A fresh round of talks between the U.S. and China will take place in Washington, followed by higher level talks later in the week.
Posted at 02/18/2019 20:03 by Capital Markets (CNBC)

US is reportedly investigating Southwest over baggage weight discrepancies

The U.S. Federal Aviation Administration is investigating Southwest Airlines for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, according to a Wall Street Journal report on Monday.
Posted at 02/18/2019 19:27 by Capital Markets (CNBC)

Roger Stone apologizes for Instagram post showing crosshairs near judge

In a court filing, Roger Stone said his post about Judge Amy Berman Jackson was "improper."
Posted at 02/18/2019 19:24 by Capital Markets (CNBC)

Alibaba is reportedly the force behind hit Chinese propaganda app

A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation's tech firms are under global scrutiny over their ties to Beijing.
Posted at 02/18/2019 19:02 by Capital Markets (CNBC)

McDonald's adds doughnut sticks to menu to boost breakfast sales

Love the McRib and Shamrock Shake? McDonald’s is now adding doughnut sticks to its list of limited-run menu items starting Wednesday after two periods of testing. The "Donut Sticks" will be sold by the half-dozen or dozen and will only be available during breakfast hours. “We are proud of our breakfast offerings, and excited to share new Donut Sticks with our customers,” said Linda VanGosen, McDonald’s Vice President of Menu Innovation. “Donut Sticks are the perfect complement to our…
Posted at 02/18/2019 18:51 by Business Journal - Commercial Real Estate

Waikiki Trade Center retail space at Hyatt Centric changes management

JLL has taken over management of the retail space in the Waikiki Trade Center, whose office tower was redeveloped into the Hyatt Centric Waikiki Beach hotel more than two years ago.  Tenants in the 55,000-square-foot street-level retail include Duke’s Lane Market and Eatery, Nordstrom Rack, Starbucks, Jamba Juice, American Savings Bank, National Car Rental and Ice Monster, a Taiwanese shave ice shop that opened on Feb. 1.  JLL Vice President and General Manager Jean J. Evans will oversee management…
Posted at 02/18/2019 18:48 by Business Journal - Commercial Real Estate

New barn among Hawaii Dairy Farms items up for auction

Oahu Auctions & Liquidations is auctioning off the equipment from Hawaii Dairy Farms, the Kauai project shut down last month by eBay founder Pierre Omidyar’s Ulupono Initiative. The online auction is selling more than 200 items, including a hurricane-rated steel rotary barn purchased for more than $750,000 and never assembled, dozens of PVC pipes for irrigation systems, tractors, pick-up trucks, fence posts, shovels, rakes, ladders and other items. Oahu Auctions is holding a one-day onsite inspection…
Posted at 02/18/2019 18:46 by Business Journal - Commercial Real Estate

Huawei founder Ren Zhengfei says arrest of CFO Meng Wanzhou is politically motivated

Huawei founder Ren Zhengfei says "I object to what the U.S. has done" in arresting his daughter, the company's CFO Meng Wanzhou.
Posted at 02/18/2019 16:44 by Capital Markets (CNBC)

Trump warns military members supporting Venezuela's Maduro that they will 'lose everything'

Trump said he wanted a peaceful transition of power in Venezuela but that all options remained open.
Posted at 02/18/2019 16:27 by Capital Markets (CNBC)

Despite sharp rebound, chart watcher Louise Yamada warns stocks aren't out of the woods

Technician Louise Yamada says it's premature to determine whether the market downturn is securely in the past.
Posted at 02/18/2019 16:00 by Capital Markets (CNBC)

Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity

Navient's board turned down the $12.50 per share offer from a hedge fund and private-equity firm believing it undervalues the company.
Posted at 02/18/2019 15:55 by Capital Markets (CNBC)

Netflix bids adieu to The Punisher, Jessica Jones and licensing superhero projects from Marvel

Netflix is cancelling The Punisher and Jessica Jones in a further split from Marvel Studios as Disney prepares a streaming service of its own.
Posted at 02/18/2019 15:46 by Capital Markets (CNBC)

List Extra: How Jacobs' Colorado presence has grown after acquiring CH2M

Jacob Engineering Group Inc.'s $3.27 billion acquisition of CH2M, once Colorado's largest privately held company, has dramatically increased the company's foothold in Colorado.
Posted at 02/18/2019 15:45 by Business Journal - Commercial Real Estate

Wisconsin Gov. Evers proposes decriminalizing marijuana, legalizing medical use

"People shouldn't be treated as criminals for accessing a desperately needed medication that can alleviate their suffering," Wisconsin Gov. Tony Evers says.
Posted at 02/18/2019 14:45 by Capital Markets (CNBC)

Top North Carolina election official alleges illegal ballot harvesting effort in key House race

The director's testimony came on the first day of a hearing into whether mail-in ballots were tampered with in a race that saw Republican Mark Harris narrowly defeat Democrat Dan McCready.
Posted at 02/18/2019 14:33 by Capital Markets (CNBC)

California and 15 other states sue over Trump's national emergency

"The president does have broad authority. But he does not have authority to violate the Constitution," California Attorney General Xavier Becerra said Monday.
Posted at 02/18/2019 14:10 by Capital Markets (CNBC)

Deals of the week: Canadian investor buys West Valley warehouse

A 418,000-square-foot industrial and warehouse building at 12000 N. 132nd Avenue in Surprise has been sold for $24.1 million. Northstar Commercial Partners sold the building, located on 32 acres of land, to Dalfen America Corp., a Canadian REIT that has several U.S. offices. Anthony Lydon, Bill Honsaker and Marc Hertzberg of JLL acted as the seller's exclusive sale and lease listing brokers. "We are pleased with the sale of this property – it is a Class A industrial asset in a strong location,…
Posted at 02/18/2019 14:00 by Business Journal - Commercial Real Estate

Walgreens and CVS are redesigning their drugstores to focus more on health. Here's how they compare

As people shop online more, CVS and Walgreens are trying to give people reasons to keep coming into their stores.
Posted at 02/18/2019 12:27 by Capital Markets (CNBC)

China accuses US of trying to block its tech development by stoking cybersecurity fears

China's foreign ministry says that the US fabricated excuses to slow down its tech industry, including Huawei.
Posted at 02/18/2019 11:45 by Capital Markets (CNBC)

Exclusive: Giants' and Tishman Speyer's Mission Rock megaproject could break ground by November

The San Francisco Giants and joint venture partner Tishman Speyer are eying an autumn groundbreaking for Mission Rock, their 28-acre housing-retail-office project.
Posted at 02/18/2019 11:19 by Business Journal - Commercial Real Estate

Amazon wants to go greener when delivering packages

Amazon announced plans Monday to make half of all its shipments carbon neutral by 2030.
Posted at 02/18/2019 10:49 by Capital Markets (CNBC)

3 local business leaders make national list of 100 executives to watch in 2019

Wesley Fields of Bryan Cave Leighton Paisner LLP, Stan Holm of Olathe Health System, Mark Long of Newmark Grubb Zimmer and one other Kansas City-focused business leader have been selected to a national list of executives to watch in 2019. The Business Journals' Influencers: People We're Watching in 2019 spotlights 100 executives who stand to be in the headlines for moves they and their companies could make in this new year. Check out the attached photo gallery to see the full list of the 100…
Posted at 02/18/2019 10:05 by Business Journal - Commercial Real Estate

Trump lashes out at officials involved in Russia probe, suggests 'treasonous' behavior

In a tweet, President Donald Trump suggested that key officials involved in the Russia probe were engaged in 'treasonous' behavior.
Posted at 02/18/2019 09:18 by Capital Markets (CNBC)

American Airlines flight attendants demand investigation into 'sexist' musical skit

The union that represents American Airlines is demanding an investigation into a "sexist" skit that surfaced over the weekend depicting cabin crew singing "Big Spender" to a man portraying a high-paying customer.
Posted at 02/18/2019 08:48 by Capital Markets (CNBC)

Top Apple analyst Kuo outlines the new products he thinks Apple will launch this year

Kuo's predictions for 2019 include a new MacBook Pro laptop and new iPhones.
Posted at 02/18/2019 08:24 by Capital Markets (CNBC)

EU says it will react swiftly if Trump hits it with car tariffs

Trump has promised European Commission President Juncker that he will not put additional import tariffs on European cars for now, Juncker said.
Posted at 02/18/2019 08:14 by Capital Markets (CNBC)

No recession but global growth will slow to a crawl this year, Janus Henderson says

The world economy is headed for a period of "dull, low" growth, according to fund manager Janus Henderson, but the risk of an outright recession remains small.
Posted at 02/18/2019 06:51 by Capital Markets (CNBC)

It's looking like a US-China trade deal is near — and Beijing will get everything it wanted

The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes.
Posted at 02/18/2019 03:58 by Capital Markets (CNBC)

Facebook is a 'digital gangster' that urgently needs more regulation, UK lawmakers say

A new report published by U.K. lawmakers Monday after an 18-month investigation found Facebook "intentionally and knowingly" violated data privacy and anti-competition laws.
Posted at 02/18/2019 03:30 by Capital Markets (CNBC)

A money manager is urging investors to shift their portfolios out of stocks amid the rally

Russell Investments' Douglas Gordon is worried investors are too invested in stocks right now.
Posted at 02/16/2019 16:38 by Capital Markets (CNBC)