Monthly Archive: April 2018

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Deutsche Bank ekes out profit, refocuses investment bank

FRANKFURT — Deutsche Bank saw profits fall to 120 million euros ($146 million) in the first quarter and announced Thursday it was reshaping its global investment banking business to focus more on its European base. The first-quarter result fell short of analyst expectations for 374 million euros profit and was sharply down from 575 million […]

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Disney emphasizes China roots in Shanghai amid trade tension

SHANGHAI — Walt Disney Co. stressed its deep China connections as it opened an extension of Shanghai’s $5.5 billion Disney Resort on Thursday amid escalating tensions over trade and technology between Beijing and Washington. Disney executives took pains to emphasize that beneath the surface, Shanghai’s Disneyland is not purely American and has been a boon […]

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With Cruise, ‘A Quiet Place,’ Paramount ready for a comeback

LAS VEGAS — Paramount Pictures is ready for its comeback story. On Wednesday at the CinemaCon convention in Las Vegas, studio chairman and CEO Jim Gianopulos announced a sequel to the breakthrough thriller “A Quiet Place,” two new Star Trek movies and trotted out its biggest star, Tom Cruise, to dazzle the audience of theatre […]

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EPA chief faces Capitol Hill grilling over ethical missteps

WASHINGTON — Environmental Protection Agency chief Scott Pruitt faces potentially make-or-break hearings Thursday on Capitol Hill, where he is expected to be peppered with questions about spending and ethics scandals that have triggered bipartisan calls for his ouster. Pruitt was scheduled to testify about his agency’s budget in back-to-back hearings before two House subcommittees. The […]

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Editor who posted editorial on blog without permission fired

BOULDER, Colo. — An editor at The Daily Camera who published a critical editorial about the newspaper’s hedge fund owners without the publisher’s permission has been fired. Dave Krieger tweeted Wednesday night that he was fired earlier in the day, though he didn’t say why. The editorial page editor posted the piece on a blog […]

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Union that represents WestJet pilots calls for strike vote to press for contract

CALGARY — The union that represents pilots at WestJet has called for a strike vote to press its demand for its first contract. The Air Line Pilots Association says pilots began voting Wednesday and the balloting will continue for 15 days. The Calgary-based airline and its pilots have been in contract negotiations since September. A […]

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Samsung’s profit exceeds expectation thanks to memory chips

SEOUL, Korea, Republic Of — Samsung Electronics Co. reported Thursday better-than-expected quarterly financial results as global data centres continued to fuel robust demand for its mainstay memory chips that posted another record-high quarterly profit. The South Korean tech giant said it recorded 11.7 trillion won ($10.8 billion) for its January-March net income, up 52 per […]

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Facebook earnings beat despite backlash, shares surge

Facebook earnings beat despite backlash, shares surge  MarketWatch Facebook Posts Surge in Revenue as It Tackles User-Data Crisis  Wall Street Journal Facebook keeps raking in money despite controversies  CBS News Tech blind spot: on Facebook-Cambridge Analytica scandal  The...