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Technology vs. Promotions: Who Wins?
As Americans, perhaps the only thing we love more than our football is our pizza. And on Sunday, those two loves will intersect in perfect gluttonous harmony during Super Bowl 50 for what's not only the biggest date on the NFL calendar, but the biggest day of the year for pizza delivery, to boot. Just like pro football, there's a lot of dough… See the original post here: Technology... [Read more]
El-Erian: Markets front-run Fed in tightening financial conditions
By Jennifer Ablan NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve… See original here: El-Erian: Markets front-run Fed in tightening financial conditions Read More →
Seven $1 billion-plus drugs seen reaching market in 2016
Drug companies are likely to launch seven “blockbuster” drugs in 2016, each with $1 billion-plus annual sales potential, led by new treatments for liver disease and HIV, according to a Thomson Reuters analysis. The assessment means the pharmaceuticals industry is on track for another productive year, although not as good as 2015, which saw the arrival of 11 new blockbusters. The two top... [Read more]
Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan
WASHINGTON (Reuters) – Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected. Read more from the original source: Volkswagen faces Tuesday U.S. deadline for SUV emission repair plan Read More →
VW not under pressure to sell trucks business: trucks chief tells paper
Volkswagen is not under pressure to sell its trucks business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper. “The operating results of the Volkswagen group are good, despite everything. There won't be a fire sale,” Renschler, who also heads the trucks business at VW,... [Read more]
Fed keeps rates unchanged, wary eye on global markets
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, signaling it had accounted for a stock market selloff but wasn't ready to abandon a plan to tighten monetary policy this year. Fed … Original post: Fed keeps rates unchanged, wary eye on global markets Read More →
Lockheed seals services deal with Leidos, forecasts profit below view
By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the... [Read more]
Desperate in Davos: policymakers struggle for answers
By Noah Barkin DAVOS, Switzerland (Reuters) – Angela Merkel was missing from Davos this year, but the German leader's optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps. Beneath the veneer of can-do optimism at the World Economic Forum, however, was a creeping concern that the politicians, diplomats and central bankers who flock each year to... [Read more]
Top Twitter executives to leave company in reshuffle: source
By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Four senior Twitter executives are leaving the media company, which is also adding a new chief marketing officer and two board members, a source said on Sunday, outlining the biggest leadership changes since Jack Dorsey returned as chief executive… View original here: Top Twitter executives to leave company in reshuffle: source Read More →
Iran oil minister says proposed OPEC emergency meeting may hurt market
Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices. Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest Go here to see the original: Iran oil minister says proposed OPEC emergency meeting may... [Read more]