September, 2017

• 19 September

  Alibaba plans to buy $100mn in Best Inc.’s downsized IPO

  

  Bloomberg Alibaba Group Holding Ltd. plans to invest about $100 million in Best Inc.’s initial public offering, after the Chinese logistics provider cut the size of the deal nearly in half, according to people with knowledge of the matter. Best is seeking as much as $495 million from the IPO after it reduced the price range and existing investors decided ...

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• 19 September

  Tata boosts carmaker stake in new deal

  Bloomberg Tata Sons Ltd. is buying as much as $312 million of Tata Motors Ltd. shares, as India’s biggest conglomerate seeks greater control of the Jaguar Land Rover owner, a person with knowledge of the matter said. Tata Sons is the undisclosed purchaser seeking to buy stock equivalent to 1.7 percent of the company in a deal launched, said the ...

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• 19 September

  Google shuffles top policy team amid ongoing EU antitrust row

  

  ­­­­­­­­­­­Bloomberg Caroline Atkinson, an experienced diplomat Google hired last year to steer its global policy efforts, is stepping aside from that management role. Google confirmed her move but said it was an administrative change designed to place oversight of the policy role at its Mountain View, California, headquarters, and Washington-based Atkinson will stay on as chief policy adviser. Leslie Miller, ...

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• 19 September

  Puerto Rico faces ‘Maria’ after Irma’s $1 billion damage

  

  Bloomberg Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already contending with the aftermath of a storm that left as much as $1 billion of damage and hundreds of thousands still without power, faces even more upheaval with Hurricane Maria ...

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• 19 September

  Uber sues ad agency Fetch Media for fraud

  

  Bloomberg Uber Technologies Inc. is accustomed to getting sued. Now it’s doing the suing. And it’s partly thanks to Breitbart News. The global ride-hailing company is taking advertising agency Fetch Media Ltd. to court for click fraud, alleging that the firm improperly billed Uber for “fake” online ads and took credit for app downloads it had nothing to do with. ...

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• 19 September

  Sprint ups ante as first to offer a free iPhone with trade-in

  

  Bloomberg Sprint Corp. lowered the bar on Apple Inc. iPhone prices by offering a free phone with a trade-in, challenging its larger peers to follow suit or face subscriber losses with bargain-hunting customers. Starting this week, new and existing Sprint customers can get an iPhone 8 if they trade in an iPhone 7, Samsung Galaxy S8 or Samsung Note 8. ...

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• 19 September

  Aston Martin CEO seeks for some Brexit clarity within six months

  

  Bloomberg Aston Martin Holdings Ltd. wants some clarity on the UK government’s Brexit negotiations within six months as the luxury sports-car maker seeks to avoid trade tariffs. The British manufacturer, whose cars feature in James Bond films, also wants an indication of how the industry will recruit skilled labour after the UK exits the European Union, Chief Executive Officer Andy ...

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• 19 September

  ‘Expedia to become household name’

  

  Bloomberg Travel booking giant Expedia Inc. has websites in more than 35 languages, makes at least 40 percent of its revenue outside the US and has offices in 30 different countries. Still, that’s not global enough for new Chief Executive Officer Mark Okerstrom. Okerstrom, who took over at the end of August when Dara Khosrowshahi left to lead Uber Technologies ...

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• 19 September

  Trump’s many campaign promises are colliding

  

  The obvious interpretation of President Trump’s Dreamer deal with Democratic leaders is that he’s breaking promises to his supporters, especially in his suddenly diminished ambitions for the border wall. But what were those promises, precisely? And which ones matter the most to his presidency? The answer may be found in the work of political scientist Richard Fenno, whose formulation of ...

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• 19 September

  The world still watches the Fed

  

  If America is in decline, that message hasn’t gotten through to the world’s most powerful unelected officials. Central bank chiefs the world over still mostly look to the Federal Reserve for guidance and precedent. Same goes for the armies of analysts, investors and journalists who follow monetary policy for a living. I broached this theme on a visit to Asia ...

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