Recent Posts

Wireless carrierAmerica Movil falls to 7-year low as Mexico woes continue

  Bloomberg America Movil SAB, the Latin American wireless carrier controlled by billionaire Carlos Slim, sank to a seven-year low after reporting disappointing profit with its Mexican unit under siege from competitors and regulators. Earnings before interest, taxes, depreciation and amortization fell 11 percent from a year earlier to 61 billion pesos ($3.23 billion), the Mexico City-based company said Thursday ...

Read More »

US tech billionaires lead 2016 gains to reshape wealth ranks

  Bloomberg Technology billionaires are making a run for the top of the global wealth rankings as surges for Facebook Inc., Amazon.com Inc. and Google parent Alphabet Inc. added $5.6 billion to their founders’ fortunes this week. Google co-founders Larry Page and Sergey Brin gained a combined $2.7 billion after the search engine’s ad business reported a growing user base ...

Read More »

Uber can’t force arbitration over pricing antitrust claim

  Emirates Business Uber Technologies Inc. can’t require a Connecticut customer accusing the company of price-fixing to resolve the fight in arbitration, a federal judge ruled in one of several cases challenging the ride-hailing company’s efforts to steer disputes of all kinds away from public courtrooms. U.S. District Judge Jed Rakoff in Manhattan said Friday that Uber’s online user agreement ...

Read More »
Send this to a friend