China’s Luckin Coffee says business will continue amid financial fraud probe
BEIJING (Reuters) – Luckin Coffee Inc <LK.O> said on Sunday it will maintain normal operations at its stores and apologised to the public, days after it announced an internal investigation had shown its chief operating officer and other employees fabricated sales deals. Shares of Luckin, which competes in China with Starbucks Corp <SBUX.O>, sank as […]
FCC to move forward on C-Band auction, may back incentives to shift spectrum: source
By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse “low single-digit billion-dollar” incentive payments to shift existing satellite users, a person familiar with the matter said. The C-band is a block of […]
Bloomberg’s big bet: Can money beat Biden’s momentum?
By Joseph Tanfani and Jason Lange RICHMOND, Va. (Reuters) – In his brief three-month campaign for president, Michael Bloomberg poured nearly three-quarters of a billion dollars into building an advertising and data-mining juggernaut unlike anything the political world had ever seen. But a big part of the strategy hinged on a wildcard named Joe Biden. […]