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BlackBerry cuts 200 jobs in Ontario and Florida to trim costs
BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. “As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce,” the company... [Read more]
U.S. labor market on solid ground as jobless rate hits eight-year low
U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a View post: U.S. labor market on solid ground as jobless rate hits eight-year... [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 in tightening global financial conditions. “I doubt we will see the four rate hikes signaled a few weeks ago by Fed officials,” El-Erian said. “Two hikes... [Read more]
Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary... [Read more]
Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary... [Read more]
U.S. small businesses boost hiring in January: NFIB
U.S. small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday. The monthly survey of the National Federation of Independent Business showed that 52 percent of respondents said they were hiring or trying… View original post here: U.S. small businesses boost hiring in January:... [Read more]
Ford Europe cuts jobs to achieve $200 million cost savings
Ford plans to shed hundreds of white-collar jobs in Europe to cut costs by $200 million annually and is taking additional steps to revamp its lineup as it targets durable profitability in the region, the carmaker said on Wednesday. The U.S. automaker turned a full-year profit of $259 million in Europe in 2015 for the first time See the rest here: Ford Europe cuts jobs to achieve $200 million cost... [Read more]
China seeks food security with $43 billion bid for Syngenta
By Ludwig Burger BASEL, Switzerland (Reuters) – China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed... [Read more]
Bacardi demands U.S. explain giving Havana Club brand to Cuba
Bacardi on Monday sought U.S. records to explain the U.S. government's decision to strip the spirits company of its right to the Havana Club brand name and hand it back to a Cuban state company partnered with a global rival. Bacardi's Freedom of Information Act request is … View original post here: Bacardi demands U.S. explain giving Havana Club brand to Cuba Read More →
OPPO, Vivo snap at Apple’s heels in China mobile market
By Miyoung Kim and Yimou Lee SINGAPORE/HONG KONG (Reuters) – Beyond China few may have heard of OPPO or Vivo, but these local handset vendors are rising up the rankings in the world's largest smartphone market, using local marketing savvy and strong retail networks in lower-tier cities. Industry experts say these cities – there are more than 600 of them and some are bigger than many... [Read more]