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Updated: 19 min 46 sec ago

No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups

December 17, 2018 - 6:13pm
When Choi Ba-da pitched his car-sharing firm Luxi to Hyundai Motor officials in 2017, he told them there would be no future for South Korea's top automaker if it failed to embrace emerging technologies.
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CBS fires CEO Leslie Moonves and denies $120 million severance

December 17, 2018 - 6:13pm
CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.
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Ex-FBI chief Comey says Trump undermines rule of law with 'lies'

December 17, 2018 - 5:56pm
Former FBI Director James Comey on Monday accused U.S. President Donald Trump of undermining the rule of law in the United States by lying about the FBI, and he urged Republican lawmakers to "stand up and speak the truth" about Trump's behavior.
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Oil falls, U.S. crude dips below $50 on oversupply fears

December 17, 2018 - 5:41pm
Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global economic growth and fuel demand grows.
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CBS denies former CEO Leslie Moonves $120 million severance

December 17, 2018 - 5:34pm
CBS Corp said on Monday it will not pay Leslie Moonves a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.
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S&P 500 hits 14-month low on economic jitters ahead of Fed meeting

December 17, 2018 - 5:29pm
Wall Street's major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve this week on the course of U.S. interest-rate hikes.
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Renault-Nissan board meets amid deepening leadership crisis

December 17, 2018 - 5:26pm
Renault and Nissan executives will gather on Tuesday for a board meeting of their car making alliance, two sources said, amid tensions over the future of the partnership in the wake of Chairman Carlos Ghosn's arrest last month.
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Trump did not tell Erdogan he would extradite Gulen: White House official

December 17, 2018 - 5:09pm
President Donald Trump did not commit during a meeting with Turkish President Tayyip Erdogan at the G20 summit two weeks ago to extradite a Muslim cleric based in the United States, a senior White House official said on Monday.
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J&J announces $5 billion share buyback after shares extend losses

December 17, 2018 - 5:04pm
Johnson & Johnson announced a stock repurchase of up to $5 billion on Monday, following Friday's Reuters report that the healthcare conglomerate knew for decades that its Baby Powder contained cancer-causing asbestos, which wiped off about $40 billion from the company's market capitalization.
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J&J announces $5 billion share repurchase plan

December 17, 2018 - 4:44pm
Johnson & Johnson on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.
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U.N. Security Council mulls Myanmar action; Russia, China boycott talks

December 17, 2018 - 4:42pm
The U.N. Security Council is considering action to push Myanmar to work with the United Nations to address the Rohingya refugee crisis, although China and Russia have so far boycotted talks on a British-drafted resolution, diplomats said on Monday.
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Oracle quarterly results beat on strength in cloud business

December 17, 2018 - 4:28pm
Business software maker Oracle Corp beat Wall Street estimates for quarterly results on Monday, as it added more clients to its cloud services and license support business, sending its shares up nearly 4 percent in extended trading.
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Twitter tumbles on concerns about hacking activity

December 17, 2018 - 4:28pm
Twitter Inc shares fell almost 7 percent after the company said it was investigating unusual traffic that might be from state-sponsored hackers and, in what appeared to be an unrelated issue, a security firm said hackers used the platform to try to steal user data.
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Global stocks drop, where is 'Santa Claus rally'?

December 17, 2018 - 4:23pm
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
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Wall St. tumbles, S&P closes at lowest level in 14 months

December 17, 2018 - 4:13pm
Wall Street's three major indexes each slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve later this week on the course of interest rate hikes.
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Factbox: Trump, U.S. Congress flirt with partial government shutdown

December 17, 2018 - 3:56pm
If President Donald Trump and the U.S. Congress fail to cut a spending deal by Friday, about 25 percent of federal operations will run out of money, causing a partial government shutdown.
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Oil drops as oversupply, economic growth worries weigh

December 17, 2018 - 3:50pm
Oil prices fell more than 2 percent on Monday, with U.S. crude hitting the lowest since September 2017, on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand.
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Facing opposition, UK's May will bring Brexit deal back to parliament

December 17, 2018 - 3:45pm
Prime Minister Theresa May said on Monday she would bring her Brexit deal back to parliament for a mid-January vote, pledging to get assurances from the European Union before then to break a deadlock over Britain's fraught efforts to quit the bloc.
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Goldman Sachs fires back after Malaysia charges bank in 1MDB probe

December 17, 2018 - 3:43pm
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.
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Justice Department asks appeals court to end Trump emoluments case

December 17, 2018 - 3:27pm
The Justice Department on Monday asked a federal appeals court to step in and halt a lawsuit accusing President Donald Trump of violating anti-corruption provisions in the U.S. Constitution after the trial judge ruled the case could proceed.
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