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Philips in lighting partnerships with Cisco, SAP and Bosch
AMSTERDAM (Reuters) – Philips has entered strategic partnerships with Cisco , SAP and Bosch [ROBG.UL] under which the Dutch company will become a preferred supplier of networked lights. View original post here: Philips in lighting partnerships with Cisco, SAP and Bosch Read More →
Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC
SAN FRANCISCO/BENGALURU (Reuters) – Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement coming as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the $30 billion Alibaba stake and to More: Yahoo will not... [Read more]
Bernanke, Trichet, Brown join Pimco advisory board
Ben Bernanke, who chaired the U.S. Federal Reserve from 2006 to 2014 and was named a senior Pimco adviser in April, will lead the Pimco Global Advisory Board. The board also includes Jean-Claude Trichet, president of the European Central Bank from 2003 to 2011, and Gordon Brown, the U.K. prime minister from 2007 to 2010. Pimco, a unit of Allianz SE , had about $1.47 trillion of assets The rest is... [Read more]
Low inflation to give biggest global pay boost in three years: study
The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday. A plunge in oil prices has pushed inflation sharply lower, and means real wages are predicted to rise by an average of 2.5 percent… More here: Low inflation to give biggest global pay boost... [Read more]
Chipotle sales battered by widening E. coli outbreak
A widening U.S. E. coli outbreak has slammed sales at Chipotle Mexican Grill Inc, the company said on Friday, hours after federal authorities reported that people in nine states have now contracted food poisoning. Shares in the popular burrito chain tumbled nearly 8 percent to $518 in extended trading after Chipotle warned that sales at established restaurants could drop 8 to 11 percent for the fourth... [Read more]
Yahoo board in final talks on future of company
By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc's board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley's most prominent but troubled companies. One option on the table for the nine board members is whether to sell Yahoo's core business, which includes Mail, its sports sites, and advertising technology.... [Read more]
Volkswagen allocates 20 billion bridge loan to 13 banks: sources
FRANKFURT (Reuters) – Volkswagen has split a 20 billion euro ($21.1 billion) bridge loan between 13 banks to help shoulder the costs of its emissions scandal, two people familiar with the matter said. Originally posted here: Volkswagen allocates 20 billion bridge loan to 13 banks: sources Read More →
Fed approves curb to future ‘too big to fail’ lending
The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only “broad-based” to address... [Read more]
Ford says to incur $600 million expense in 2015 from U.S. union pact
Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company's previously stated See more here: Ford says to incur $600 million expense in 2015 from U.S. union pact Read More →
Wall St. opens flat, set to end the month higher
The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. “We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the data that we're... [Read more]