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MAS acts to stop misleading sale of critical illness plans

SOME unsavoury financial advisers have tried to upsell critical illness (CI) plans on exaggerated claims that more illnesses are due to be harder to claim - a move that has prompted the regulator to step in to put a stop to it.

Markets

California court ruling gives voters last word over Uber, Lyft driver protections

Uber Technologies Inc and Lyft Inc are preparing to suspend their ride-hailing services in California beginning on Friday morning unless an appeals court rules at the last minute they cannot be forced to treat their drivers as employees, rather than independent contractors.

Markets

General Electric extends CEO Culp’s employment agreement

General Electric Co said it has extended the employment agreement of Chief Executive Officer Lawrence Culp through August 2024.

Markets

Nasdaq closes at all-time high as strong tech sector offsets jobless data

The S&P 500 and Nasdaq advanced on Thursday, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve's view of a difficult road to economic recovery.

Markets

Facebook confirms Zuckerberg interviewed in FTC investigation

Facebook confirmed chief executive Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative hearing.

Markets

Tesla seeks approval for sensor that could detect child left in hot cars

Tesla Inc. asked the Federal Communications Commission (FCC) for approval to market a short-range interactive motion-sensing device that could help prevent children from being left behind in hot cars and boost theft-prevention systems.

Markets

Facing Trump criticism, Goodyear says employees can wear clothes supporting police

Goodyear Tire Chief Executive Rich Kramer said on Thursday the company had clarified its policy to make clear employees can wear apparel expressing support for law enforcement after it faced a boycott call from U.S. President Donald Trump.

Markets

Tesla’s soaring stock cracks US$2,000 ahead of share split

Shares of Tesla surged past the US$2,000 mark on Thursday for the first time as the electric car maker extended its recent rally ahead of an upcoming share split.

Markets

News publishers seek more favorable terms in Apple’s app store: WSJ

REUTERS: Major news organizations are joining other companies in pushing for more favorable terms on Apple Inc's app store, the Wall Street Journal reported on Thursday, citing a letter. In a letter to Apple Chief Executive Officer Tim Cook, a trade body representing the New York Times Co ,...

Markets

Delta to block middle seats through Jan 6 but allow more people on flights

Delta Air Lines said on Thursday it will continue blocking middle seats through at least Jan. 6, covering the key holiday season, but will raise the cap on the number of passengers on its flights in October.

Markets

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