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SolarCity slashing costs, including CEO pay

SolarCity Corp on Wednesday said it would cut operating costs, including slashing its chief executive's salary, to bring expenses in line with its reduced solar installation outlook. The company said Chief Executive Officer Lyndon Rive and his brother, Chief Technology Officer Peter Rive, had asked to have their annual salaries reduced to $1

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SolarCity slashing costs, including CEO pay

Low-cost airlines bet on data to drive profit

Europe's two largest low-cost carriers, Ryanair and easyJet have both swallowed their pride in the past year and launched customer loyalty schemes and both have announced significant investments in data analytics. “This has transformed retail and it's going to transform airlines,” said Kenny Jacobs, a former Tesco executive spearheading Ryanair's digital drive

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Low-cost airlines bet on data to drive profit

Philippine ex-bank manager out on bail in case linked to cyber heist

A Philippine court on Thursday released on bail a former branch manager of a Manila bank in a perjury case linked to the world's largest known cyber bank heist, police said. Unknown criminals tried to steal nearly $1 billion from the Bangladesh central bank account at the Federal Reserve Bank of New York in February and succeeded in transferring …

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Philippine ex-bank manager out on bail in case linked to cyber heist

As technology shifts more layoffs loom at tech companies

By Malathi Nayak and Deborah M. Todd NEW YORK (Reuters) – Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said. The…

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As technology shifts more layoffs loom at tech companies

Fed policymakers divided over whether to raise rates soon: minutes

Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank'…

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Fed policymakers divided over whether to raise rates soon: minutes

U.S. senators quiz airlines on IT systems after Delta disruption

Two U.S. senators on Tuesday sent letters to 13 major airlines expressing concerns that their information technology systems are vulnerable to outages that can strand thousands of passengers similar to recent flight cancellations. Senators Richard Blumenthal and Edward Markey sent letters after Southwest Airlines Co and Delta Air Lines Inc experienced technology issues that resulted in thousands of flight cancellations across the country.

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U.S. senators quiz airlines on IT systems after Delta disruption

Oil at five-week high as OPEC sources, Russia, talk of cooperation

Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia's apparent desire for higher crude prices while Russia met the producer group to discuss the market. A weaker dollar also supported crude prices, as did the loss of more than 700,000 barrels per day (bpd) in Nigerian output to militant attacks and pipeline problems. The Organization of the Petroleum Exporting …

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Oil at five-week high as OPEC sources, Russia, talk of cooperation

SEC charges company for severance agreements that deter whistleblowing

WASHINGTON (Reuters) – U.S. securities regulators filed charges on Tuesday against a California-based company for preventing outgoing employees from reaping the benefits of government whistleblower awards.

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SEC charges company for severance agreements that deter whistleblowing

Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources

Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc , people familiar with the matter said. The move illustrates how Blackstone, the world's largest private equity…

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Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources

U.S. inflation tame as economy gains momentum

U.S. consumer prices were unchanged in July on falling gasoline costs, but solid gains in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year. Tuesday's mixed reports came as influential New York Fed President William Dudley said the U.S. central bank could hike rates next month, citing a tightening labor market that he said was starting to spur faster wage growth. “The strong housing starts and industrial output performance will …

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U.S. inflation tame as economy gains momentum

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