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Panama becomes first Central American nation to ban plastic bags

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Plastic waste pile and debris are seen up near the beach in Panama City, as Panama becomes the first country in Central America to ban all single-use plastic bags, in Panama July 19, 2019. Picture taken July 19, 2019. REUTERS/ Erick Marciscano PANAMA CITY (Reuters) – Panama on Saturday became the first Central American nation Read More

Exclusive: J.C. Penney taps debt restructuring advisers – sources

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(Reuters) – J.C. Penney Co Inc (JCP.N) has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday. FILE PHOTO: A J.C. Penney Company Inc. store is pictured at a mall in Langhorne, Pennsylvania, U.S. November Read More

Union Pacific cost cuts sheltered profit amid freight slowdown

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(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Amazon under EU antitrust fire over use of merchant data

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BRUSSELS (Reuters) – Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants’ data, underlining regulators’ increasing focus on how tech companies exploit customer information. U.S. tech giants Amazon, Google and Facebook have been in the regulatory spotlight as antitrust enforcers examine how they use data Read More

EU launches antitrust probe into Amazon’s use of merchant data

6 days ago DieselGasoil Comments Off on EU launches antitrust probe into Amazon’s use of merchant data
The world’s largest online retailer Amazon is facing a “full-blown” investigation from the European Union’s antitrust regulators to see if its use of other merchants’ data breaches competition rules. Competition Commissioner Margrethe Vestager on Wednesday announced the opening of a formal investigation into the company. It aims to determine how Amazon is hosting independent merchants Read More

Amazon in EU antitrust spotlight over use of merchant data

6 days ago DieselGasoil Comments Off on Amazon in EU antitrust spotlight over use of merchant data
BRUSSELS (Reuters) – Amazon on Wednesday became the target of an antitrust investigation by the European Union over its use of merchants’ data, underlining the increasing regulatory scrutiny over how tech companies exploit customers’ information. FILE PHOTO: The company’s logo outside an Amazon pop-up store in Berlin, Germany, November 22, 2018. REUTERS/Fabrizio Bensch/File Photo Amazon, Read More

Wall Street finds blockchain hard to tame after early euphoria

7 days ago DieselGasoil Comments Off on Wall Street finds blockchain hard to tame after early euphoria
NEW YORK (Reuters) – Two years ago Nasdaq Inc (NDAQ.O) and Citigroup Inc (C.N) announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” A Wall St. street sign is seen near the New York Read More

Husqvarna cools on 2019 margin after chill dents lawn mower demand

7 days ago DieselGasoil Comments Off on Husqvarna cools on 2019 margin after chill dents lawn mower demand
STOCKHOLM (Reuters) – Husqvarna (HUSQb.ST), the world’s biggest maker of garden power tools such as robotic lawn mowers, blamed cold weather for a fall in second-quarter sales and said the dip in demand meant it would probably not achieve its margin target this year. FILE PHOTO: A sign alerts visitors about a presence of Husqvarna Read More