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Why FICO's new scoring model may not mean much for consumers

Although a new scoring model from FICO will be available at the three large credit-reporting firms by the end of the year, consumers shouldn't expect the score that lenders use to change anytime soon.

5 years ago

Geely Automobile in talks with Volvo to tighten ties

China's Geely Automobile said on Monday it is in early discussions with Sweden's Volvo Car AB about combining the two businesses into a global carmaker with listings in Hong Kong and Stockholm.



5 years ago

Top Apple iPhone maker Foxconn restarts key China plant with 10% of workers: source

Apple's biggest iPhone maker Foxconn got approval to resume production at a key plant in China after being forced to shut it following the coronavirus outbreak, but only 10% of the factory's workforce has managed to return so far, a source told Reuters.



5 years ago

Exclusive: Ryanair marketing chief Kenny Jacobs to leave company

Ryanair Chief Marketing Officer Kenny Jacobs, who spearheaded the airline's drive to improve customer service, is to leave his position after six years at the end of April to pursue other challenges, he told Reuters on Monday.



5 years ago

Oil dips on weaker Chinese demand, traders await OPEC+ cuts

Oil prices dipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.



5 years ago

You can earn more than $100,000 when you work from home in one of these jobs

More sleep, saving money on a formal work wardrobe and lunch out. The benefits of working from home are obvious, but just a fraction of U.S. workers get to do it. In some fields, though, these jobs are exploding.

5 years ago

1 in 3 consumers fear they will max out a credit card

Despite the dangers of high-interest loans, many Americans are racking up enough credit card debt to worry about overdrafting their account on a single large purchase.

5 years ago

Wall St. opens lower as coronavirus fears may hit Apple sales

The main U.S. stock indexes opened lower on Monday, dragged down by losses in Apple as analysts predicted a drop in quarterly smartphone sales in China due to retail store closures and production suspensions due to the coronavirus outbreak.



5 years ago

Ghosn used Nissan-Mitsubishi venture to inflate pay - lawyers

Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the firms said on Monday.



5 years ago

Google drops plan to buy into largest African wind farm

Google has canceled plans to buy a 12.5% stake in Africa's largest wind farm after delays to the project, Danish wind turbine maker Vestas said on Monday.



5 years ago

WeWork closes 100 buildings in China over coronavirus threat: CNBC

Office sharing startup WeWork has closed 100 buildings in China due to the coronavirus outbreak, Chairman Marcelo Claure said in a CNBC interview on Monday.



5 years ago

Apple iPhone maker Foxconn approved to resume Shenzhen plant production: source

Apple iPhone maker Foxconn has received Chinese government approval to resume production at a key plant in the southern city of Shenzhen, a source with direct knowledge of the situation told Reuters late on Monday.



5 years ago

Geely targets expansion by tightening ties with Volvo

China's Geely Automobile and Volvo are in talks about combining their businesses to create a stronger global carmaker with listings in Hong Kong and possibly Stockholm.



5 years ago

Exclusive: Hundreds of Chinese businesses seek billions to contend with coronavirus - sources

More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said.



5 years ago

Amazon seeks to depose Trump, Esper in lawsuit over cloud computing contract

Amazon Web Services is seeking to depose President Donald Trump and Defense Secretary Mark Esper in its lawsuit over the awarding of a U.S. military contract for cloud computing to Amazon rival Microsoft, according to a spokesperson.



5 years ago