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Bloomberg Nations working to salvage a mammoth Pacific-rim trade pact that the US abandoned need to move forward before electoral politics get in the way, according to Japan’s chief negotiator. “Next year various countries have elections, there’ll be movements in governments,” Economy Minister Toshimitsu Motegi said. “Considering this, we ought to get it signed quickly before then.” While Motegi didn’t ...

­­­­­­­­­­­Bloomberg Verizon Communications Inc. is close to a new deal with the National Football League for digital streaming rights that would give the largest US wireless carrier the ability to deliver game broadcasts to internet-connected TVs, tablets and phones, according to people familiar with the matter. The deal expands on Verizon’s previous contract, which limited the carrier to streaming on ...

Bloomberg A divided Federal Communications Commission approved a new TV broadcast standard backed by Sinclair Broadcast Group Inc., sparking renewed criticism that the agency is favouring the company—a notion rejected by its Republican chairman. The FCC, on a 3-2 party-line vote, said broadcasters may voluntarily start using so-called Next Gen TV, an over-the-air service that promises better pictures and interactive ...

Bloomberg Puerto Rico employers reduced payrolls in October by the most in 21 years after Hurricane Maria devastated the island and knocked out power for weeks to most of the territory, Labor Department figures showed. The drop totalled 3.6 percent of payrolls, or 31,600 people— the biggest drop since 1996— reducing nonfarm employment to 842,000, the lowest level since 1991. ...

Bloomberg Apple Inc. said its next major new hardware product, the HomePod speaker, is being delayed until early next year, missing the key holiday shopping season. “We can’t wait for people to experience HomePod, Apple’s breakthrough wireless speaker for the home, but we need a little more time before it’s ready for our customers,” Apple spokeswoman Trudy Muller said. “We’ll ...

Bloomberg Stitch Fix Inc. initially soared before sinking back near its offer price in a downsized $120 million initial public offering that fell about a third short of its target. The online personal-styling service backed by Benchmark jumped almost 24 percent in its trading debut. After then dropping as much as 1.3 percent below the $15 offer price, the shares ...

Bloomberg Nearly two-thirds of the US vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto recall in US history. As of mid-September, 20 million vehicles containing defective Takata air bag inflators still haven’t been fixed, 64 percent of the 31.5 million vehicles containing the defective ...

Bloomberg SoftBank Group Corp. plans to invest as much as $25 billion in Saudi Arabia over the next three to four years as the Japanese company run by Masayoshi Son deepens investment ties with the kingdom, according to people familiar with the matter. SoftBank aims to deploy up to $15 billion in a new city called Neom that Crown Prince ...

DUBAI / WAM The Dubai-based airline, flydubai, on Wednesday announced its commitment to a $27 billion order for 225 Boeing 737 MAX aircraft, to support the growth of its fleet. This is the third order placed by the airline with Boeing in its eight-year history, following those in 2008 and 2013. The new aircraft order will support its continued expansion ...

Bloomberg OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord. The UAE favours maintaining the cuts, which are set to expire at the end of the first quarter, Minister of ...