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  • Russian magnate Deripaska to quit roles at his two biggest firms

    February 19, 2018 12:55 PM 13

    MOSCOW (Reuters) - Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls - aluminum giant Rusal (0486.HK) and En+ Group (ENPLq.L), two sources familiar with the matter told Reuters. The change comes less than a month after the inclusion of Deripaska and dozens of Russian billionaires on a U.S. government

  • ISO Beauty hand held hair dryers recalled as burn hazards

    February 19, 2018 12:02 PM 11

    This hair dryer can throw off flames. That’s why 73,000 have been recalled About 73,000 handheld hair dryers have been recalled because of a tendency to get a little sparky and fiery. The exact problem with ISO Beauty’s Ion Pro 2000 and 2000W hair dryers, as stated in the U.S. Consumer Product Safety Commission recall notice, is that “the cord can become

  • ‘Black Panther’ Album on Track for Heroic Opening Week

    February 18, 2018 11:31 PM 14

    Featuring rapper Kendrick Lamar and others, the album has an explicit-lyrics warning—unusual for a Disney movie-related album “Black Panther: The Album” is set to deliver the strongest album debut for a Walt Disney Co. movie in at least five years. The album, produced by superstar rapper Kendrick Lamar and producer Anthony “Top Dawg” Tiffith, was released

  • Like Peter Thiel, Entrepreneurs Feel Alienated by Silicon Valley ‘Echo Chamber’

    February 18, 2018 2:49 PM 61

    Venture capitalists say they are defecting away from the high-tech cradle in part because of resistance to different values, ideologies Billionaire venture capitalist Peter Thiel has said he plans to leave Silicon Valley in part because of its perceived cultural uniformity. He isn’t the only one. Several tech workers and entrepreneurs also have said they left or plan to leave

  • Judge approves Takata's U.S. bankruptcy plan

    February 17, 2018 6:44 PM 18

    WILMINGTON, Del. (Reuters) - Takata Corp’s U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs’ law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company’s deadly air bags. Takata and its U.S. unit, TK Holdings Inc, filed for bankruptcy last year in the wake of the largest

  • Steve Wynn Will Lose Hundreds of Millions in Severance Amid Sexual-Misconduct Claims

    February 17, 2018 12:07 AM 24

    Billionaire casino executive will also be subject to a two-year non-compete clause Billionaire casino executive Steve Wynn will lose out on hundreds of millions of dollars in severance pay following his resignation as chairman and chief executive of Wynn Resorts Ltd. amid allegations of sexual misconduct. Under a separation agreement disclosed Friday

  • Mattel Ditches High-Tech Barbies, Goes Back to Basics

    February 16, 2018 7:54 PM 32

    Toy maker’s CEO says company too often tried to incorporate technology without considering if it was right fit Mattel Inc. Chief Executive Margo Georgiadis is shutting down products with extraneous technology from its Barbie lineup and elsewhere in the toy maker’s portfolio. Instead, the former executive of Alphabet Inc.’s Google is focusing on more proven

  • Euthanasia drug causes Gravy Train, Kibbles ‘N Bits recall

    February 16, 2018 7:20 PM 20

    Drug used to put dogs down causes recall of Gravy Train, other dog food brands J.M. Smucker is “withdrawing” all lots of certain Gravy Train, Kibbles ’N Bits, Skippy and Ol’ Roy canned dog food products manufactured since 2016 because they might contain pentobarbital, a sedative used in pet euthanasia. “The FDA’s preliminary evaluation of the testing

  • US rig count remains unchanged at 975

    February 16, 2018 6:41 PM 23

    The number of rigs exploring for oil and natural gas in the U.S. didn't increase this week, remaining at 975 for the second week in a row. Houston oilfield services company Baker Hughes reported Friday that 798 rigs drilled for oil this week and 177 for gas. Among major oil- and gas-producing states, Oklahoma increased by five rigs, Alaska gained four and Pennsylvania

  • Consumer Sentiment Rebounds in February

    February 16, 2018 4:34 PM 14

    University of Michigan gauge of confidence in economy ends three-month skid A gauge of consumers’ confidence in the economic outlook rebounded this month, as low unemployment and optimism about the new tax regime outweighed financial-market volatility for American households. The University of Michigan on Friday said its consumer-sentiment index was 99.9 in February