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Silicon Valley veteran Bill Campbell dies

April 18, 2016 by · Leave a Comment 

Campbell was chief executive of tax software maker Intuit Inc from 1994 to 1998 and again for a few months until January 2000. “He helped us build Google and in countless ways made our success possible,” Eric Schmidt, executive chairman of Alphabet Inc, said in a post.

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Silicon Valley veteran Bill Campbell dies

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U.S. posts $108 billion budget deficit in March

April 12, 2016 by · Leave a Comment 

The U.S. government posted a $108 billion budget deficit in March, more than double the amount from the same period last year, the Treasury Department said on Tuesday. The government had a deficit of $53 billion in

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U.S. posts $108 billion budget deficit in March

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

April 3, 2016 by · Leave a Comment 

By Makiko Yamazaki SAKAI, Japan (Reuters) – Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp …

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

January 17, 2016 by · Leave a Comment 

By Jennifer Ablan NEW YORK (Reuters) – In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. Now, Gundlach has replaced Gross on a high-profile investor panel. Weekly financial magazine Barron's said on Saturday that Gross decided to quit its Barron's Roundtable.

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

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ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis

December 3, 2015 by · Leave a Comment 

By Tetsushi Kajimoto and Takashi Umekawa TOKYO (Reuters) – Asian Development Bank President Takehiko Nakao said on Thursday he did not expect U.S. interest rate rises to trigger a financial crisis in Asia, but the bank remains ready to lend support to vulnerable countries. The U.S. Federal Reserve is widely expected to raise interest rates for the first…

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ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis

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Tycoons, telecoms and Trotsky: book lifts veil on Carlos Slim

November 15, 2015 by · Leave a Comment 

Carlos Slim's brother interrogated leftist rebels for Mexico's intelligence agency while his eldest son often hands out a biographical novel about Leon Trotsky as a gift, according to a new book on the tycoon who was long the world's richest man. The biography, by far the most comprehensive written on Slim, seeks to show how the Mexico City businessman navigated local politics to become the world's richest man in a country where almost half …

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Tycoons, telecoms and Trotsky: book lifts veil on Carlos Slim

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Oil prices edge away from two-month low, but market outlook stays weak

November 12, 2015 by · Leave a Comment 

By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices edged away from over two-month lows in early Thursday trading, after a sharp slide on concerns the market would take much longer than many anticipated to rebalance as supplies far outstrip demand. Internationally traded Brent crude futures were at $46.18 a barrel, up 37 cents following a 3.4-percent fall the previous day. “Rising U.S. inventories continue to remain a major theme driving crude oil prices … Iraq is also increasing pressure on U.S. shale producers.

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Oil prices edge away from two-month low, but market outlook stays weak

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Blackstone to take minority stake in NCR Corp: source

November 12, 2015 by · Leave a Comment 

(Reuters) – Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal with Blackstone, the world's largest private equity firm, by Thursday, the source said, asking not to be identified ahead of any official announcement. Blackstone declined to comment, while NCR did not respond …

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Blackstone to take minority stake in NCR Corp: source

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