This one stock will signal whether the coronavirus situation is getting serious

If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. Shares of InterContinental Hotels fell more than 4% on Tuesday on fears that the coronavirus outbreak in China would dent international travel. In 2003, InterContinental Hotels warned about the impact severe acute respiratory syndrome or SARS would have on the hotel chain’s profit. Clarke said the SARS outbreak coincided with the threat and outbreak of the Iraq war,


If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group.
Shares of InterContinental Hotels fell more than 4% on Tuesday on fears that the coronavirus outbreak in China would dent international travel.
In 2003, InterContinental Hotels warned about the impact severe acute respiratory syndrome or SARS would have on the hotel chain’s profit.
Clarke said the SARS outbreak coincided with the threat and outbreak of the Iraq war,
This one stock will signal whether the coronavirus situation is getting serious Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, 2003, outbreak, clarke, situation, stock, sars, intercontinental, signal, hotels, hotel, getting, serious, look, coronavirus, china


This one stock will signal whether the coronavirus situation is getting serious

If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group.

The London-based hotel chain is largely exposed to threats to international travel. InterContinental’s Asia Pacific revenue was down 27% year-over-year in 2003, when the SARS virus swept China.

“IHG is the most exposed of the major Western hotel companies,” AB Bernstein analyst Richard Clarke said in a note to clients on Tuesday.

Shares of InterContinental Hotels fell more than 4% on Tuesday on fears that the coronavirus outbreak in China would dent international travel.

The outbreak of the new coronavirus in China has killed nine people with confirmed cases exceeding 400 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel. On Tuesday, the Centers for Disease Control told Reuters that a traveler from China was diagnosed with the first U.S. case of coronavirus in Seattle.

In 2003, InterContinental Hotels warned about the impact severe acute respiratory syndrome or SARS would have on the hotel chain’s profit. Clarke said the SARS outbreak coincided with the threat and outbreak of the Iraq war, which also contributed to weakness in travel.

“More encouragingly, the SARS outbreak saw no headwinds to unit growth, with additions of 1,646 rooms in Greater China in 2003,” said Clarke.

Today, China makes up 8% of InterContinental’s earnings, according to AB Bernstein.

“IHG’s business model is materially more resilient today than in 2003, and the chances of a profit warning feel remote,” Clarke added.

While Clarke is less worried about the outbreak, billionaire investor Paul Tudor Jones said Tuesday the coronavirus could be a “curveball” that derails in the bull market.

“If you look at what happened in 2003 … stock markets sold off double digits. If you look at the escalation of the reported cases, it feels a lot like that,” Jones said. “There’s no vaccination. There’s no cure. … If I was an investor, I’d be really nervous.”

InterContinental Hotels Group trades on the London Exchange but has an ADR, or American depositary receipt, that frequently trades on the U.S. stock exchange.

InterContinental reports full-year earnings results next month. AB Bernstein said the hotel group faces other headwinds, including weakness in Hong Kong and the fires in Australia.

— with reporting from CNBC’s Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, 2003, outbreak, clarke, situation, stock, sars, intercontinental, signal, hotels, hotel, getting, serious, look, coronavirus, china


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Trump says he is serious about slapping tariffs on European cars if he cannot strike a trade deal

President Donald Trump said Tuesday that he is not bluffing about the possibility of slapping tariffs on European cars. “They know that I’m going to put tariffs on them if they don’t make a deal that’s a fair deal,” the president told The Wall Street Journal about ongoing trade negotiations with the European Union. Trump’s threat to put tariffs on a key European export — and once again ratchet up trade tensions with the economic bloc — has sparked backlash from European officials and companies.


President Donald Trump said Tuesday that he is not bluffing about the possibility of slapping tariffs on European cars.
“They know that I’m going to put tariffs on them if they don’t make a deal that’s a fair deal,” the president told The Wall Street Journal about ongoing trade negotiations with the European Union.
Trump’s threat to put tariffs on a key European export — and once again ratchet up trade tensions with the economic bloc — has sparked backlash from European officials and companies.

Trump says he is serious about slapping tariffs on European cars if he cannot strike a trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: jacob pramuk
Keywords: news, cnbc, companies, serious, strike, leyen, journal, tariffs, president, european, deal, cars, der, trade, von, economic, slapping, trump


Trump says he is serious about slapping tariffs on European cars if he cannot strike a trade deal

President Donald Trump said Tuesday that he is not bluffing about the possibility of slapping tariffs on European cars.

“They know that I’m going to put tariffs on them if they don’t make a deal that’s a fair deal,” the president told The Wall Street Journal about ongoing trade negotiations with the European Union.

Trump’s threat to put tariffs on a key European export — and once again ratchet up trade tensions with the economic bloc — has sparked backlash from European officials and companies. The White House has repeatedly delayed a decision on whether to put tariffs on cars from Europe. Trump did not reveal to the newspaper a deadline for his tariff decision.

The president made the comments Tuesday as government and business figures including German Chancellor Angela Merkel and European Commission President Ursula von der Leyen gathered at the World Economic Forum in Davos, Switzerland. Trump met with von der Leyen on Tuesday after speaking to the Journal.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: jacob pramuk
Keywords: news, cnbc, companies, serious, strike, leyen, journal, tariffs, president, european, deal, cars, der, trade, von, economic, slapping, trump


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China is the ‘most serious threat’ to the United States, says former security advisor to Obama

A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on November 6, 2018. Johannes Eisele | AFP | Getty ImagesBeijing has been forthcoming about its long-term goals and is the “most serious threat” to the U.S., according to a former U.S. national security advisor. “China has been very clear about what its long-term goals are strategically,” James Jones, who served as NSA under former President Barack Obama, told CNBC’s Hadley Gamble. “They’re mak


A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on November 6, 2018.
Johannes Eisele | AFP | Getty ImagesBeijing has been forthcoming about its long-term goals and is the “most serious threat” to the U.S., according to a former U.S. national security advisor.
“China has been very clear about what its long-term goals are strategically,” James Jones, who served as NSA under former President Barack Obama, told CNBC’s Hadley Gamble.
“They’re mak
China is the ‘most serious threat’ to the United States, says former security advisor to Obama Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: abigail ng
Keywords: news, cnbc, companies, trade, values, obama, theyre, china, united, advisor, security, states, progress, world, jones, threat, using, serious, making, strategically


China is the 'most serious threat' to the United States, says former security advisor to Obama

A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on November 6, 2018. Johannes Eisele | AFP | Getty Images

Beijing has been forthcoming about its long-term goals and is the “most serious threat” to the U.S., according to a former U.S. national security advisor. “China has been very clear about what its long-term goals are strategically,” James Jones, who served as NSA under former President Barack Obama, told CNBC’s Hadley Gamble. “We need to take that very seriously.” One Chinese goal is “total control of their own people using technology,” he said at the Atlantic Council Global Energy Forum in Abu Dhabi on Sunday. “They’re making astonishing progress to control every single citizen, whatever he or she does.” “They’re giving grades for citizenship, which will affect their jobs you’re going to hold, the travel you can do and everything else,” he added, seeming to refer to China’s social credit system. “Where they’re moving is scary,” he said. “They obviously want to export that to other countries.”

‘Trojan horse effect’

He said Beijing is using a “Trojan horse” strategy to gain influence in “many parts of the world.” “They penetrate the economies, they buy up everything they can, pay off everybody they can…get a chokehold on the economy as much as they can and then make demands for the behavior of the government,” he said. That’s something the U.S. should address, said Jones. “One of the things that concerns me a little bit is that we’ve stopped talking about values in the world…even in the democratic countries. We should talk about human rights,” he said. Asked if the U.S. should support protesters in Hong Kong even if it puts trade talks with China at risk, Jones said: “Is trade more important than human values?” He noted that the U.S. didn’t trade with the Soviet Union during the Cold War until the Berlin Wall came down and the regime collapsed. “But in China’s case, we were asleep at the switch,” he said. “They were making astonishing progress, and all of a sudden they’re pure competitors.” “I’m not sure that we really understand the degree to which China is strategically intent on replacing the United States as the most dominant culture in the world,” he said.

Tech competition


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: abigail ng
Keywords: news, cnbc, companies, trade, values, obama, theyre, china, united, advisor, security, states, progress, world, jones, threat, using, serious, making, strategically


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Former NBA commissioner David Stern is in serious condition after surgery for a brain hemorrhage

David Stern, commissioner emeritus of the National Basketball Association (NBA), smiles during a Bloomberg Television interview at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. Former NBA Commissioner David Stern was in serious condition following an emergency surgery to treat a sudden brain hemorrhage, the league said Tuesday. The 77-year-old Stern suffered the hemorrhage on Thursday, the NBA said. During his tenure as the longest-ser


David Stern, commissioner emeritus of the National Basketball Association (NBA), smiles during a Bloomberg Television interview at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016.
Former NBA Commissioner David Stern was in serious condition following an emergency surgery to treat a sudden brain hemorrhage, the league said Tuesday.
The 77-year-old Stern suffered the hemorrhage on Thursday, the NBA said.
During his tenure as the longest-ser
Former NBA commissioner David Stern is in serious condition after surgery for a brain hemorrhage Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-17  Authors: ganesh setty
Keywords: news, cnbc, companies, treat, league, tuesdaythe, serious, nba, david, condition, surgery, thoughts, wnba, hemorrhage, stern, commissioner, brain


Former NBA commissioner David Stern is in serious condition after surgery for a brain hemorrhage

David Stern, commissioner emeritus of the National Basketball Association (NBA), smiles during a Bloomberg Television interview at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016.

Former NBA Commissioner David Stern was in serious condition following an emergency surgery to treat a sudden brain hemorrhage, the league said Tuesday.

The 77-year-old Stern suffered the hemorrhage on Thursday, the NBA said.

“He is receiving great care and surrounded by his loved ones,” the league said in a statement. “The Stern family and everyone at the NBA appreciate the incredible outpouring of support. Our thoughts and prayers remain with David and his family.”

Stern, the NBA’s commissioner for 30 years, was succeeded by Adam Silver in 2014.

During his tenure as the longest-serving commissioner, Stern oversaw the expansion of the league into a globally televised powerhouse. The NBA added seven franchises and created the WNBA and NBA developmental league under his leadership.

— The Associated Press contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-17  Authors: ganesh setty
Keywords: news, cnbc, companies, treat, league, tuesdaythe, serious, nba, david, condition, surgery, thoughts, wnba, hemorrhage, stern, commissioner, brain


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How to retire with $1 million, $2 million or $3 million in savings

How to retire with $1 million, $2 million or $3 million in savings5 Hours AgoRetiring with millions of dollars in your savings may sound impossible, but it can be done if you get serious about investing your money. How much you’ll need to save every month varies greatly depending on your age. Whether you’re 20 or 50, here’s how to do it.


How to retire with $1 million, $2 million or $3 million in savings5 Hours AgoRetiring with millions of dollars in your savings may sound impossible, but it can be done if you get serious about investing your money.
How much you’ll need to save every month varies greatly depending on your age.
Whether you’re 20 or 50, here’s how to do it.
How to retire with $1 million, $2 million or $3 million in savings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-13
Keywords: news, cnbc, companies, savings, retire, varies, youll, sound, serious, save, youre, million, savings5


How to retire with $1 million, $2 million or $3 million in savings

How to retire with $1 million, $2 million or $3 million in savings

5 Hours Ago

Retiring with millions of dollars in your savings may sound impossible, but it can be done if you get serious about investing your money. How much you’ll need to save every month varies greatly depending on your age. Whether you’re 20 or 50, here’s how to do it.


Company: cnbc, Activity: cnbc, Date: 2019-12-13
Keywords: news, cnbc, companies, savings, retire, varies, youll, sound, serious, save, youre, million, savings5


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Here’s what Uber is doing to solve its sexual assault problem after reporting more than 3,000 incidents last year

It shared these statistics in a comprehensive U.S. Safety Report on Thursday. Uber has seen an uptick in lawsuits over sexual assaults that allegedly occurred between riders and drivers in recent years. Drivers and passengers using Uber’s ride-hailing service are both at risk. Riders accounted for 45% of accused parties across the 5 most serious sexual assault categories, Uber said in its report. He also outlined what Uber was doing to prevent further sexual abuse and assaults, including the fol


It shared these statistics in a comprehensive U.S. Safety Report on Thursday.
Uber has seen an uptick in lawsuits over sexual assaults that allegedly occurred between riders and drivers in recent years.
Drivers and passengers using Uber’s ride-hailing service are both at risk.
Riders accounted for 45% of accused parties across the 5 most serious sexual assault categories, Uber said in its report.
He also outlined what Uber was doing to prevent further sexual abuse and assaults, including the fol
Here’s what Uber is doing to solve its sexual assault problem after reporting more than 3,000 incidents last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: lora kolodny
Keywords: news, cnbc, companies, rides, assault, solve, ridehailing, sexual, incidents, serious, safety, doing, riders, report, assaults, service, uber, reporting, problem, heres, 3000


Here's what Uber is doing to solve its sexual assault problem after reporting more than 3,000 incidents last year

A driver uses an Uber Technologies car service app on a mobile device while driving in Washington, D.C.

Uber revealed that more than 3,000 sexual assaults occurred during rides on its service in the U.S. in 2018. It shared these statistics in a comprehensive U.S. Safety Report on Thursday.

The ride-hailing company and peers, including Lyft, have been criticized over these personal safety issues for years. Uber has seen an uptick in lawsuits over sexual assaults that allegedly occurred between riders and drivers in recent years.

Thursday’s report also revealed that Uber received 235 reports of rape — the most serious category of sexual assault — during rides in 2018, an average of four reported incidents a week in the states. That was a worse rate than the 229 reports of rape that the company received in 2017.

Drivers and passengers using Uber’s ride-hailing service are both at risk. Riders accounted for 45% of accused parties across the 5 most serious sexual assault categories, Uber said in its report. (Some riders reportedly assaulted other riders.) However, 92% of the reported rapes were allegedly committed by drivers.

“Voluntarily publishing a report that discusses these difficult safety issues is not easy,” wrote Tony West, chief legal officer at Uber in the report.

He also outlined what Uber was doing to prevent further sexual abuse and assaults, including the following:


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: lora kolodny
Keywords: news, cnbc, companies, rides, assault, solve, ridehailing, sexual, incidents, serious, safety, doing, riders, report, assaults, service, uber, reporting, problem, heres, 3000


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Google Stadia shows the future of gaming without expensive consoles, but it has serious problems at launch

GoogleGoogle Stadia, the company’s new streaming game service, launches Tuesday, just ahead of the busy holiday season for video games. They’re not cheap, though Google offers slight discounts through Stadia if you pay for the Stadia Pro subscription. The Stadia controller. It also stinks that while support is eventually coming for iPhone and more Android devices, you have to own a Pixel 2, Pixel 3, Pixel 3a or Pixel 4 to play Stadia on a phone. Should you sign up for Google Stadia?


GoogleGoogle Stadia, the company’s new streaming game service, launches Tuesday, just ahead of the busy holiday season for video games.
They’re not cheap, though Google offers slight discounts through Stadia if you pay for the Stadia Pro subscription.
The Stadia controller.
It also stinks that while support is eventually coming for iPhone and more Android devices, you have to own a Pixel 2, Pixel 3, Pixel 3a or Pixel 4 to play Stadia on a phone.
Should you sign up for Google Stadia?
Google Stadia shows the future of gaming without expensive consoles, but it has serious problems at launch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: todd haselton
Keywords: news, cnbc, companies, games, problems, gaming, launch, play, pixel, serious, stream, game, future, controller, shows, able, stadia, google, consoles, expensive, streaming


Google Stadia shows the future of gaming without expensive consoles, but it has serious problems at launch

You can play on Pixel phones, Chrome browsers and your TV with Stadia. Google

Google Stadia, the company’s new streaming game service, launches Tuesday, just ahead of the busy holiday season for video games. I’ve been testing it for the past week and it’s a look at the future of gaming where people don’t own expensive consoles, but instead stream them from the cloud. It works well, but I’m not convinced that Google is going to be the biggest player. Sony PlayStation now has launched and lets you stream to PCs and to a PS4, while Microsoft Project xCloud is in public beta testing and lets you stream to Android devices. Microsoft’s will launch for all sometime in 2020. Unlike those, however, Stadia works in any Chrome browser, select Pixel Android phones and Google’s Chromecast Ultra. You pay Google $9.99 a month (a free service with lower-resolution graphics is coming later) to render and run those games in the cloud, and then stream them down to whatever device you want to play on. To be clear, this isn’t a “Netflix of games.” Instead, you need to buy each game individually, often at full price or a slight discount from the retail version. And, at launch, there are only 22 to pick from, many of them old, though it at least includes popular hits like Rockstar’s “Red Dead Redemption 2” and Bungie’s (aging) “Destiny 2.” For $129, you get the Google Stadia controller, a Chromecast Ultra for playing on your TV, and three months of Stadia Pro, which lets you stream in 4K and play select games for free with your subscription. Here’s what it’s like.

What’s good

Playing Red Dead Redemption 2 in the Chrome browser on a MacBook Pro. Todd Haselton | CNBC

I was able to stream two of my favorite games from Google’s selection, “Destiny 2” (which I hadn’t played before now) and “Red Dead Redemption 2,” in high resolution and with max graphics right to a Chrome web browser on a MacBook Pro, and to the app on a Pixel 3a and Chromecast Ultra Google loaned me for the test. That wasn’t possible before Stadia, and it’s pretty incredible. To get these sort of graphics before, you either needed to shell out around $300-$400 for a console, or about $1,000 for a gaming computer. Once you’ve installed the app and chosen a user name, you can start to buy games. They’re not cheap, though Google offers slight discounts through Stadia if you pay for the Stadia Pro subscription. A free version of the service offers up to 1080p streaming of the games you purchase instead of 4K, but it doesn’t include free games or discounts. That’s what was the most fun here: I loved being able to launch Stadia and jump into a game into seconds, no matter if I was playing on a Pixel phone, a laptop or my TV. I didn’t have to sit around and wait for hours of game updates, as I do on my PS4, since everything is done in Google’s cloud and games are always ready to play.

Playing Destiny 2 on a Pixel 3a. Todd Haselton | CNBC

I have very fast internet connection at home, so the games were really crisp and fluid most of the time. It felt, generally, like I was playing on a regular console. But every now and again, I’d be reminded I was streaming when the graphics in a game dropped to a lower quality, or if the game just unexpectedly quit. That doesn’t happen often on an Xbox or a PS4, and it’s bad news if you’re trying to finish a level or fight someone in a multiplayer game. The controller is really comfortable to hold over long periods of time and has good battery life. That’s important, since it’s the only way to control the games you’re playing. The button layout is different, but it was just as comfortable and really similar to the Nintendo Switch Pro controller. Setup between devices was usually pretty easy. I just turned the controller on and plugged it into either the Pixel 3a or computer I was using. Google says the controller will eventually work wirelessly with phones as it does with the Chromecast Ultra.

The Stadia controller. Google

The Stadia software is also good. There’s a friends list that shows your buddies who are online, and I liked that I could see a list of names of people I had recently played with in case I wanted to add them. But lots of features aren’t live yet. You can’t, for example, add friends to start a group party as you can on an Xbox One or PS4. That’s coming later. Finally, you can see why this might be really fun when 5G eventually launches broadly. With a fast internet connection on your phone everywhere, you might soon be able to stream high-quality games to your phone no matter where you are, whether it’s from Google, Sony or Microsoft. That’s exciting.

What’s bad

The $129 kit includes a controller and a Chromecast Ultra. Google

I have some really serious concerns about Stadia. First, even though there are 22 titles available now, with more coming, it’s hard to predict whether Google will be able to continue to attract publishers to launch their new games on Stadia, or at the same time the games launch on PC, Xbox or PS4. My guess is that’ll likely depend on how many people actually sign up and play. If you’re spending $129 and investing in a monthly service, you kind of hope you’ll be able to play most new games, which is pretty much a guarantee on other systems. And you don’t own any sort of physical copy of the game. So you lose everything if Google decides to shut down Stadia or if you cancel your subscription. This is true with Xbox and Sony and on PCs, too, if you rely on streaming services there, but it’s highly unlikely any of those will just shut down.

Some of the games I have in Stadia. Todd Haselton | CNBC

There’s an entire website dedicated to projects killed by Google, including 156 services, 18 apps and 16 hardware projects. I hate to recommend Stadia if it just ends up in this graveyard a couple of years from now after people have spent hundreds of dollars on games and the subscription. I wasn’t able to play with friends either. I could jump into multiplayer matches in “Destiny 2” and play with strangers, but the option to group up and use voice chat with friends I’d added in the Stadia app wasn’t functional. Neither were lots of other things that were promised but are either coming at launch or later. For example, you can’t upload video clips of your gaming sessions to YouTube and the Google Assistant button doesn’t work right now. I know that I was among a small population testing Stadia over the past week or so, but here’s a warning: If lots of people don’t end up signing up for Stadia, online games are going to be pretty lonely. I tried playing “Red Dead Redemption 2” and pairing with people in “Destiny 2,” but often found that there weren’t enough people to join me on missions or raids.

Expect to see this screen a lot if people don’t sign up. Todd Haselton | CNBC

Only during a test with Google and Bungie employees online were there enough people. If nobody buys Stadia, you might not be able to finish or even play missions that require multiple participants. It also stinks that while support is eventually coming for iPhone and more Android devices, you have to own a Pixel 2, Pixel 3, Pixel 3a or Pixel 4 to play Stadia on a phone. Right now, the Stadia app that you can download for iPhone and other Android phones just lets you manage and buy games. At least you can play in Chrome on most computers or on a Chromecast Ultra on your TV. Also, you need a relatively good internet connection (at least 35 Mbps) to play in 4K. Your broadband connection probably can handle this, but hotel rooms and Wi-Fi in coffee shops sometimes have very slow internet, so you’ll probably want to switch down to 1080p or 720p when you’re there. Google notes that 4K streaming will consume about 20 GB per hour. If your cable provider has an internet cap, you might want to use the “balanced” option, which cuts data usage down to 4.5 GB per hour by streaming games at a lower resolution. You only need to pay for Stadia Pro if you plan to stream in 4K and want a couple of free games. If you want to save data or don’t have a fast internet connection, don’t pay $9.99/month for the premium version.

Should you sign up for Google Stadia?

Stadia data center where it runs games in the cloud. Google


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: todd haselton
Keywords: news, cnbc, companies, games, problems, gaming, launch, play, pixel, serious, stream, game, future, controller, shows, able, stadia, google, consoles, expensive, streaming


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FDA flags Dollar Tree for selling over-the-counter drugs made by companies with ‘pattern of serious violations’

People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Dollar Tree stocked over-the-counter drugs produced by Chinese companies with “a pattern of serious violations” of federal law on good manufacturing practices, the Food and Drug Administration said in a warning letter sent to the company Thursday. The FDA analyzed import data and found Dollar Tree bought and received products from foreign companies that had received warning letters and had been plac


People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City.
Dollar Tree stocked over-the-counter drugs produced by Chinese companies with “a pattern of serious violations” of federal law on good manufacturing practices, the Food and Drug Administration said in a warning letter sent to the company Thursday.
The FDA analyzed import data and found Dollar Tree bought and received products from foreign companies that had received warning letters and had been plac
FDA flags Dollar Tree for selling over-the-counter drugs made by companies with ‘pattern of serious violations’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, overthecounter, selling, drugs, manufacturing, pattern, received, products, serious, fda, violations, flags, warning, companies, drug, letter, tree, dollar


FDA flags Dollar Tree for selling over-the-counter drugs made by companies with 'pattern of serious violations'

People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City.

Dollar Tree stocked over-the-counter drugs produced by Chinese companies with “a pattern of serious violations” of federal law on good manufacturing practices, the Food and Drug Administration said in a warning letter sent to the company Thursday.

The FDA analyzed import data and found Dollar Tree bought and received products from foreign companies that had received warning letters and had been placed on import alert for manufacturing issues. The agency also alleges that Greenbrier, operating as Dollar Tree, has used contract manufacturers and suppliers with “significant” violations for its private-label Assured Brand drugs.

“In this case, Dollar Tree has the ultimate responsibility to ensure that it does not sell potentially unsafe drugs and other FDA-regulated products to Americans,” Donald Ashley, compliance director in the FDA’s Center for Drug Evaluation and Research, said in a statement.

The FDA said it inspected Greenbrier’s headquarters in January and its distribution warehouse after uncovering violations at multiple foreign drug companies that supplied the U.S. retailer, according to the warning letter.


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, overthecounter, selling, drugs, manufacturing, pattern, received, products, serious, fda, violations, flags, warning, companies, drug, letter, tree, dollar


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Uber chief called the murder of Jamal Khashoggi ‘a serious mistake’

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Uber CEO Dara Khosrowshahi expressed regret for describing the murder of journalist Jamal Khashoggi as a “mistake.” Referring to the government of Saudi Arabia, the Uber chief told the show, “I think that government said that they made a mistake.” “It’s a serious mistake,” Khosrowshahi said on the show, add


Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018.
Uber CEO Dara Khosrowshahi expressed regret for describing the murder of journalist Jamal Khashoggi as a “mistake.”
Referring to the government of Saudi Arabia, the Uber chief told the show, “I think that government said that they made a mistake.”
“It’s a serious mistake,” Khosrowshahi said on the show, add
Uber chief called the murder of Jamal Khashoggi ‘a serious mistake’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, statement, called, murder, regret, jamal, mistakes, serious, mistake, think, khashoggi, uber, khosrowshahi, chief


Uber chief called the murder of Jamal Khashoggi 'a serious mistake'

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018.

Uber CEO Dara Khosrowshahi expressed regret for describing the murder of journalist Jamal Khashoggi as a “mistake.”

Khosrowshahi made his original remarks to “Axios on HBO” TV series.

Referring to the government of Saudi Arabia, the Uber chief told the show, “I think that government said that they made a mistake.”

“It’s a serious mistake,” Khosrowshahi said on the show, adding, “We’ve made mistakes too, right? With self-driving, and we stopped driving and we’re recovering from that mistake. I think that people make mistakes, it doesn’t mean that they can never be forgiven. I think they have taken it seriously.”

Saudi Arabia is Uber’s fifth-largest shareholder and the head of its sovereign wealth fund is a member of the board.

Asked by CNBC for a comment, an Uber representative pointed to Khosrowshahi’s statement to Axios expressing regret for the language he used on the show. “I said something in the moment that I do not believe. When it comes to Jamal Khashoggi, his murder was reprehensible and should not be forgotten or excused,” Khosrowshahi said in the statement.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, statement, called, murder, regret, jamal, mistakes, serious, mistake, think, khashoggi, uber, khosrowshahi, chief


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Hong Kong protests haven’t hurt our profitability, say bank CEOs

Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way. Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS’ overall profits in the third quarter this year. Piyush Gupta, CEO of DBS, told CNBC’s Tanvir Gill that he doesn’t an


Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way.
Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter.
Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS’ overall profits in the third quarter this year.
Piyush Gupta, CEO of DBS, told CNBC’s Tanvir Gill that he doesn’t an
Hong Kong protests haven’t hurt our profitability, say bank CEOs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: yen nee lee
Keywords: news, cnbc, companies, hurt, havent, portfolio, bank, dbs, singapore, problem, hong, serious, profitability, quarter, yearonyear, profit, kong, protests, ceos, say


Hong Kong protests haven't hurt our profitability, say bank CEOs

Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way.

Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. That performance came on the back of a 15% year-on-year rise in overall profit for the quarter to 1.63 billion Singapore dollars ($1.2 billion), which beat analyst estimates compiled by Refinitiv.

Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS’ overall profits in the third quarter this year.

Piyush Gupta, CEO of DBS, told CNBC’s Tanvir Gill that he doesn’t anticipate a “serious problem” with the bank’s loan book in Hong Kong. But the bank has set aside some money as a precaution for any losses in its Hong Kong business, he added.

“The underlying portfolio, we’re not seeing any stress: Delinquencies are not picking up, payment rates are on track and the portfolio is extremely well secured,” he said at the Singapore FinTech Festival.

“So I don’t really anticipate (a) serious problem with the credit portfolio in the coming year, it’s just to be abundantly cautious we kept some money aside just in case,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: yen nee lee
Keywords: news, cnbc, companies, hurt, havent, portfolio, bank, dbs, singapore, problem, hong, serious, profitability, quarter, yearonyear, profit, kong, protests, ceos, say


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