CNET UK court rules Uber drivers are employees, not contractorsCNETA London court ruled Friday that Uber drivers should be classified as employees, rather than independent contractors. The decision could have serious ramifications on the ride-hailing company and its so-called "gig economy" brethren. Uber's current …Uber drivers deserve paid vacation and minimum wage, British court rulesLos Angeles […]
Adweek Facebook's Ad Targeting Is Under Scrutiny About Whether It Allows DiscriminationAdweekFacebook is known for its sophisticated ad targeting that lets brands get super-targeted in how they buy ads, but a possible flaw in the ad-buying system discovered by ProPublica highlights an option that lets brands segment their ad buys to specific …UPDATE: Is Facebook […]
Wall Street Journal Exxon Warns on Reserves as it Posts Lower ProfitWall Street JournalExxon Mobil Corp. warned that it may be forced to eliminate almost 20% of its future oil and gas prospects, yielding to the sharp decline in global energy prices. Under investigation by the U.S. Securities and Exchange Commission and New York state […]
Bloomberg Democrats Face Difficult Obamacare Fight in 2017, Even If Clinton WinsBloombergEveryone has plans for Obamacare next year. After news broke Monday that premiums for the Affordable Care Act will rise an average of 22 percent next year, Democratic presidential nominee Hillary Clinton spent the week defending the health-care law, …Idaho insurers say stay in network […]
Bloomberg Deutsche Bank Posts Surprise Profit on Trading Jump, Cost DropBloombergDeutsche Bank AG unexpectedly returned to profit in the third quarter, beating analysts estimates, as Chief Executive Officer John Cryan continued to lower costs and the investment bank reported a jump in revenue. Net income was 256 million euros ($279 …Deutsche Bank posts third-quarter profit, hikes […]
New York Times ZTO Express of China Has Largest USIPO This YearNew York TimesA delivery by ZTO Express in Beijing on Thursday. China's delivery market is cutthroat, with an estimated 8,000 companies competing for business. Credit Thomas Peter/Reuters. The latest company to offer American investors a piece of China's internet …China courier ZTO delivers year's […]
U.S. News & World Report Samsung heir joins board, moving toward top leadership roleU.S. News & World ReportIn this Oct. 26, 2016 photo, Samsung Electronics Galaxy S7 and S7 edge smartphones are displayed at Korea Electronics Show or KES in Seoul, South Korea. Samsung Electronics said Thursday, Oct. 27 its third quarter profit has plunged […]
Reuters China's slowing industrial profits show rising debt hampering economyReutersPedestrians cast their shadows on a wall at a construction site in Beijing December 12, 2014. REUTERS/Kim Kyung-Hoon/File Photo. BEIJING Profit growth in China's industrial firms slowed sharply as some key manufacturing sectors stumbled on weak …China's Industrial Profits Get Boost From Steel, RefiningBloombergChina industrial profits slow […]
Reuters Asia shares extend losses, dollar off highsReutersA man (R) cleans electronic boards showing Japan's Nikkei average, the exchange rate between the Japanese yen against the U.S. dollar and stock quotation outside a brokerage in Tokyo, Japan, in this April 6, 2016 file photo. REUTERS/Issei Kato/Files.Asian stocks trade lower as energy stocks fall amid declines […]
Fortune Walmart Will Deploy Thousands of 'Holiday Helpers' to Shorten Checkout Wait TimesFortuneIt was shoppers' #1 request. The next time you find yourself in a long wait for checkout at Walmart WMT 0.33% , don't be surprised if a store worker clad in bright yellow and a Santa hat helps you find the shortest line. […]