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BlackBerry QNX shifting gears with new autonomous vehicle innovation center in Canada
A new innovation center will work on engineering projects for connected cars. BlackBerry QNX will also be testing autonomous vehicles on Ontario roads as part of a pilot program. See the original post here: BlackBerry QNX shifting gears with new autonomous vehicle innovation center in Canada Read More →
Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million
NEW YORK (Reuters) – Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. More: Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million Read More →
Pushed by investor Ackman, Chipotle adds four new directors
(Reuters) – Chipotle Mexican Grill Inc , under pressure from activist investor Bill Ackman, named four new board members on Friday, paving the way for a reunion of sorts between its chief executive and a former top executive at McDonald's, which once owned the burrito chain. Read the original: Pushed by investor Ackman, Chipotle adds four new directors Read More →
Orange CEO under fire at Tapie affair trial of IMF’s Lagarde
French telecoms boss Stephane Richard was sharply criticized by one of the judges and by a witness during the negligence trial of IMF chief Christine Lagarde in Paris this week. Richard, the chief executive of Orange , is a target of investigators in a related inquiry which has yet to conclude. Richard and five others are under formal judicial investigation on suspicion of embezzlement linked to the... [Read more]
U.S. housing starts tumble from nine-year high; permits suggest strength
U.S. homebuilding fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly, the latest sign of slower economic growth in the fourth quarter. Groundbreaking on new housing projects dropped 18.7 percent to a seasonally adjusted annual rate of 1.09 million units, the Commerce Department said. Housing starts data are choppy month-to-month, with much... [Read more]
British pension funds warn on any Fox/Sky deal
British public sector pension funds on Tuesday called for an “appropriate” premium in any potential deal between Twenty-First Century Fox and Sky as well as for safeguards to protect minority shareholders. Rupert Murdoch's Twenty-First Century Fox Inc aims to table a firm cash bid valuing Sky at 10.75 pounds ($13.66) per share as early as Wednesday … Originally posted here: British... [Read more]
Lawyers seek to launch fresh Brexit challenge in Irish courts
A group of British and Irish lawyers are seeking to challenge Britain's decision to leave the European Union in the Irish High Court to try to establish if Brexit can be reversed once divorce talks have been triggered. The lawyers hope the court in Dublin will ask the European Court of Justice, the EU's highest court, to determine … View original post here: Lawyers seek to launch fresh... [Read more]
Wife of billionaire Pimco co-founder Bill Gross files for divorce
NEW YORK (Reuters) – The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage. Read more here: Wife of billionaire Pimco co-founder Bill Gross files for divorce Read More →
U.S. mortgage rates rise to highest levels in over two years: MBA
NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed. See the original post here: U.S. mortgage rates rise to highest levels in over two years: MBA Read More →
U.S. services sector activity scales one-year high
U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week. Monday's bullish report from the Institute for Supply Management (ISM)… Go here to see the original: U.S. services sector activity scales one-year high Read More →