Tuesday , 22 January 2019

Business News

Tokyo court rejects Ex-Nissan chair Ghosn's bail request

A Tokyo court rejected former Nissan chairman Carlos Ghosn’s latest request for bail on Tuesday, more than two months after his arrest. A statement from the Tokyo District Court announcing its decision gave no explanation for prolonging a detention of the 64-year-old star executive, which has drawn international scrutiny of Japan‘s justice system. Ghosn had promised to wear an electronic …

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PepsiCo opposes distillery's trademarked use of 'Mountain Dew'

PepsiCo, one of the world’s largest food companies, is in a legal battle with a Tennessee distillery, Ole Smoky Moonshine, over the distillery’s trademark application for the term “Mountain Dew.” PepsiCo filed a Notice of Opposition with the Trademark Trial and Appeal Board in 2016 opposing Ole Smoky’s trademark for “Ole Smoky Mountain Dew Moonshine.” PepsiCo said that its products …

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China's 2018 economic growth sinks to 3-decade low

China’s 2018 economic growth fell to a three-decade low, adding to pressure on Beijing to settle a tariff war with Washington. The world’s second-largest economy expanded by 6.6 percent over a year earlier, down from 2017’s 6.9 percent, official data showed Monday. Growth in the three months ending in December dipped to 6.4 percent — the lowest quarterly level since …

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'Nightline' documentary, podcast: 'The Dropout,' the story of Elizabeth Holmes

Money. Romance. Tragedy. Deception. The story of Elizabeth Holmes and her technology company Theranos is an unbelievable tale of ambition and fame gone terribly wrong. How did the world’s youngest self-made female billionaire lose it all in the blink of an eye? How did the woman once heralded as “the next Steve Jobs” find herself facing criminal charges — to …

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