Nokia brand-phones poised for comeback as HMD takes charge

Nokia brand-phones poised for comeback as HMD takes charge

Nokia-branded mobile phones are about to make a comeback via a new venture that will reunite the Nokia brand with veteran Nokia executives who aim to move into smartphones capitalizing on an existing operation that sells low-cost basic phones. HMD Global, a new Finnish company set up to revive the Nokia phone brand, on Thursday took over the basic phone…

Zenefits hit with $7 million fine by California insurance regulator

Zenefits hit with $7 million fine by California insurance regulator

Software company Zenefits has been fined $7 million by California's insurance regulator, marking the biggest penalty yet for the startup that has faced multiple investigations for flouting insurance laws. California Insurance Commissioner Dave Jones said in a statement posted on the state insurance department's website that Zenefits was charged with allowing unlicensed employees to sell insurance and circumventing education requirements…

Trump to pick Seema Verma for Centers for Medicare and Medicaid Services: transition official

Trump to pick Seema Verma for Centers for Medicare and Medicaid Services: transition official

U.S. President-elect Donald Trump is set to name Indiana health policy consultant Seema Verma as his pick for administrator of the Centers for Medicare and Medicaid Services, a transition official told Reuters on Monday. Trump is expected to officially announce his selection of Verma and Republican U.S. Representative Tom Price, an orthopedic surgeon who he will nominate to be secretary…

Plane carrying Brazil’s Chapecoense soccer team crashes in Colombia, 76 dead

Plane carrying Brazil’s Chapecoense soccer team crashes in Colombia, 76 dead

Brazilian soccer team Chapecoense, heading for the biggest game in their history, were on board a plane carrying 81 people that crashed in Colombia killing 76 people, police said on Tuesday. Chapecoense, from Brazil's top league, had been flying to face Atletico Nacional of Medellin in the first leg of Wednesday's Sudamericana final, South America’s equivalent of the Europa League.…

Samsung Electronics considers split as investor pressure builds

Samsung Electronics considers split as investor pressure builds

Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. The move and a plan to raise dividends come after U.S. hedge fund Elliott Management in October called for the South Korean firm to…

One ticket has winning numbers in $421 million Powerball lottery

One ticket has winning numbers in $421 million Powerball lottery

A ticket sold in Tennessee had the winning numbers for a $421 million Powerball jackpot, one of the biggest on record, lottery officials said after Saturday's draw. A Powerball spokeswoman said no one as yet had stepped forward to claim the prize, which has grown in the absence of a winner in the past few weeks. The winning numbers selected…

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