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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources
Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health... [Read more]
Microsoft offers patent troll defense for cloud customers
Companies new to the cloud are vulnerable to non-practicing entities, which do not make any products themselves but use their arsenal of broad technology patents to sue other firms in order to extract royalties or a cash settlement. The new offering could appeal to companies new to the cloud arena, needing a service such as Microsoft's Azure to store their data or… Original post: Microsoft... [Read more]
Harry Potter spinoff helps Time Warner top estimates
The New York-based media company, which is set to become part of AT&T Inc in an $85.4 billion deal, reported an 11.5-percent rise in quarterly revenue and said the merger remained on track to close later this year. U.S. President Donald Trump opposed AT&T's bid for Time Warner during his election campaign. AT&T, which has also said it expects the deal to be approved, is looking... [Read more]
Qatar Airways expects Trump’s travel ban to be relaxed: report
Qatar Airways Chief Executive Akbar Al Baker on Tuesday said he expected U.S. President Donald Trump would eventually relax a travel ban targeting seven predominantly Muslim countries, New Zealand media reported. The travel ban, Trump's most controversial act since taking office last month, was halted temporarily on… Original post: Qatar Airways expects Trump’s travel ban to be relaxed:... [Read more]
Channeling Steve Jobs, Apple seeks design perfection at new "spaceship" campus
By Julia Love SAN FRANCISCO (Reuters) – Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products. The campus is something of an exception to the trend of radically open offices aimed at fostering collaboration, said Louise Mozingo, a professor and chair of the Department of... [Read more]
U.S. tech titans lead legal brief against Trump travel ban
The companies – including Apple Inc , Google Inc and Microsoft Corp – banded together late on Sunday to file a “friend-of-the-court” brief with the 9th U.S. Circuit Court of Appeals in San Francisco. See the original post here: U.S. tech titans lead legal brief against Trump travel ban Read More →
Lockheed, Pentagon announce $8.5 billion F-35 order
The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon's most expensive program. This is more than the $600 million that U.S. President Donald Trump claimed on Monday he had been able to shave off from the F-35 program, which he had described as “out of control” in December.... [Read more]
U.S. job growth accelerates in January, but wages lag
U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as More: U.S. job growth accelerates in January, but wages lag Read More →
U.S. business leaders express concerns to Trump about travel ban
By Emily Stephenson and David Shepardson WASHINGTON (Reuters) – Chief executives of major U.S. companies huddled with President Donald Trump at the White House on Friday and some of them expressed concern about a travel ban on people from seven Muslim-majority countries traveling to Continued here: U.S. business leaders express concerns to Trump about travel ban Read More →
Sony cuts annual profit view on movie business writedown
Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December operating profit fell to 92.4 billion... [Read more]