Recent Posts

Former Rolls-Royce staff plead guilty to US charges

Bloomberg Two former Rolls-Royce Holdings Plc executives pleaded guilty to US charges that they orchestrated international bribes at the engine maker for more than a decade. The cases, also involving three other individuals, focus on efforts to secure a $145 million contract to power a gas pipeline from Kazakhstan to China. The action comes about 10 months after Rolls-Royce agreed ...

Read More »

Snap overhauls app to attract users after sluggish growth

Bloomberg Snap Inc. still isn’t meeting much-lowered projections for growth. Now the company is taking drastic measures to shape its future. While ad prices fell as part of a transition in the company’s sales system, the larger problem, Snap said, is that people complain they don’t know how to use the Snapchat mobile-messaging app. Once part of the app’s allure ...

Read More »

Trump seeks progress on trade, North Korea

Bloomberg President Donald Trump toured parts of Beijing on Wednesday after arriving for a high-stakes state visit where he’ll look for wins from Xi Jinping on everything from the US’s massive trade deficit to reining in North Korea. The third leg of Trump’s five-nation Asia tour comes after stops in Tokyo and Seoul. Addressing South Korea’s parliament earlier on Wednesday ...

Read More »
Send this to a friend