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Japanese machinery firm moves Americas hub to Houston

May 2, 2016 • BusinessComments (0)

HOUSTON (AP) — Top Japanese machinery maker Mitsubishi Heavy Industries has moved its Americas headquarters from Manhattan to Houston, resulting in the transfer of around 40 employees. Texas Gov. Greg Abbott is attending a ceremony at the company’s new Houston office on Tuesday. Spokesman John Wittman said no state funds were given to facilitate the...

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Survey: China manufacturing slowed in April

May 2, 2016 • BusinessComments (0)

BEIJING (AP) — Chinese manufacturing activity weakened further in April despite government stimulus, a survey showed Tuesday, indicating the economy has yet to rebound from a downturn. The Caixin magazine purchasing managers’ index declined to 49.4...

Who created bitcoin? The long search may not be over

May 2, 2016 • BusinessComments (0)

In this Thursday, March 13, 2014, file photo, Ken Lo, CEO of ANXBTC Bitcoin Exchange, points to the screen of his Bitcoin ATM during a demonstration in Hong Kong. For years, the question of who created bitcoin has been one of the biggest parlor games in some...

Uber, blind riders reach settlement over service animals

April 30, 2016 • BusinessComments (0)

In this July 15, 2015 file photo, an Uber driver sits in his car near the San Francisco International Airport. Uber and advocates for the blind have reached a lawsuit settlement in which the ride-hailing company agrees to require that existing and new drivers...

Venezuela hikes minimum wage 30 percent amid economic crunch

April 30, 2016 • BusinessComments (0)

Doctors protest the shortage of medicine and medical supplies in Caracas, Venezuela, Wednesday, April 13, 2016. The country’s private, opposition-leaning pharmaceutical association says Venezuela only has 20 percent of the medications it requires, a...

China’s April manufacturing activity weaker than expected

April 30, 2016 • BusinessComments (0)

BEIJING (AP) — China’s manufacturing activity was weaker than expected in April, according to a survey by an industry group. The China Federation of Logistics and Purchasing says its purchasing managers’ index declined to 50.1 in April from the...

Illegal camping out of bill allowing Airbnb to collect taxes

April 29, 2016 • BusinessComments (0)

HONOLULU (AP) — Hawaii lawmakers have advanced a bill that would allow online brokers such as Airbnb to collect taxes on behalf of people advertising private rentals on the websites, but they removed part of the proposal that would have targeted illegal...

Yahoo CEO could get $55M in severance pay in potential sale

April 29, 2016 • BusinessComments (0)

In this Jan. 7, 2014, file photo, Yahoo president and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas. Mayer will walk away with a $55 million severance package if the company’s auction of its Internet operations...

Argentina floods swamp soy crop; some must commute by boat

April 29, 2016 • BusinessComments (0)

A man navigates a flooded road, outside a home in Villa Paranacito, Entre Rios, Argentina, Thursday, April 28, 2016. The Argentine Red Cross estimates more than 30,000 people have been affected by the flooding, with more than 2,000 evacuated after rain...

Asian stocks mixed after Wall Street slide

April 28, 2016 • BusinessComments (0)

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street slid and Japan’s central bank surprised markets by putting off possible additional stimulus. KEEPING SCORE: Hong Kong’s Hang Seng index fell 1.3 percent to 21,110.13 and...