Investing and Global Finance News

Turkish and Emirates Air Exempt from US Laptop Exclusion

Passengers traveling on two major middle eastern airlines, Turkish Airways and Emirates Airlines, will be allowed to bring laptops into cabins during their flights to the United States, according to David Lapan, a spokesman for Homeland Security in Washington, DC. A third airline is also exempt from the new US restrictions, Abu Dhabi’s-Etihad Airlines. The… Continue Reading

Nestle Considering Sale of Its US Chocolate Arm

The new head of Nestle SA, Mark Schneider, is considering selling its US chocolate division due to sluggish sales and a move toward faster-growing businesses like health care and coffee. Schneider became the CEO of the Swiss-based corporation in 2016 after working for many years in pharmaceuticals and medical products. The US division is had… Continue Reading

Canine Flu on the Rise

Certain parts of the US are seeing a significant uptick in the number of pet dogs coming down with the flu. Although it is not contagious to people, or life-threatening to dogs, it is still a concern to pet owners in Arkansas, Florida and North and South Carolina, where the epidemic is at its worst.… Continue Reading

Mark Fields Receiving $51.1 Million to Step Down

After three years as CEO at the Ford Motor Company, Mark Fields, age 56, will be leaving the company with a compensation package valued a $51.1 million. The pay-off will be in a combination of cash, stock awards, and pensions. During his tenure as CEO Fields made historic profits for the company. Now, however, the… Continue Reading

World’s Largest Private Equity Fund Investing in Technology

Softbank Vision Fund, the world’s largest private equity fund, recently said that it has raised over $93 billion to invest in technology. As they said in a statement, “The next stage of the Information Revolution is under way, and building the businesses that will make this possible will require unprecedented large-scale, long-term investment.” The fund… Continue Reading

China Wants US to Take Some Responsibility for WannaCry Cyber Attack

The recent global cyber-attack known as WannaCry infected over 300,000 computers around the world, with China among the hardest hit. As of Saturday, about 30,000 Chinese organizations were infected with a “ransomware” virus that takes advantage of weaknesses in Microsoft Corp systems. China lashed out against the United States in the wake of the damage,… Continue Reading