PRESS DIGEST- New York Times business news – Dec 22

Dec 22 The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.

– Brazilian construction company Odebrecht SA
paid hundreds of millions of dollars in bribes to officials in
12 countries in a scheme lasting two decades, prosecutors said.
Odebrecht and its affiliated petrochemical firm, Braskem,
pleaded guilty in a U.S. federal court and together will pay at
least $3.5 billion in penalties in a case brought by authorities
in the United States, Brazil and Switzerland. nyti.ms/2i32qME

– Uber Technologies Inc, which defied California
state regulators who said the service was illegal, stopped the
autonomous car program in San Francisco after only a week. nyti.ms/2i37PDp

– The United States has placed a unit of the Chinese
e-commerce giant Alibaba Group Holding Ltd back on its
blacklist of notorious marketplaces known for selling
counterfeit goods and violations of intellectual property
rights. nyti.ms/2i35EQm

– The board of California’s state public pension system,
Calpers, voted to lower expectations for future investment
returns, a step that will increase pressure on the budgets of
towns and cities across the state. nyti.ms/2i3fx0m

– President-elect Donald Trump met with the chief executives
of Boeing Co and Lockheed Martin Corp and said
his goal was to try to “bring costs down.” nyti.ms/2i33iko

(Compiled by Subrat Patnaik in Bengaluru)

Source: Reuters

News

BRIEF-‍Wattpad raises $51 mln in new funding

January 17, 2018 mmayha 0

Jan 17 (Reuters) – Wattpad: * ‍WATTPAD ANNOUNCES USD $51 MILLION (CAD $61.25 MILLION) IN NEW FUNDING​ * INVESTORS INCLUDE TENCENT HOLDINGS LIMITED, BDC, GLOBE TELECOM‘S KICKSTART VENTURES, PETERSON GROUP, AND EXISTING INVESTOR RAINE​ Source […]

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