photo

Germany’s Merkel cannot afford to bail out Deutsche Bank: media

By Georgina Prodhan FRANKFURT (Reuters) – German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on Wednesday that it was working on a rescue plan for Germany's biggest bank, as …

Originally posted here: 
Germany’s Merkel cannot afford to bail out Deutsche Bank: media

photo

Exclusive: EU wants Google to stop anti-competitive Android practices, fine expected

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators plan to order Alphabet's Google to stop paying financial incentives to smartphone makers to pre-install Google Search exclusively on their devices and warned the company of a large fine, an EU document showed. Google received a copy in April in which …

More: 
Exclusive: EU wants Google to stop anti-competitive Android practices, fine expected

photo

Google rebrands cloud business, adds more artificial intelligence

Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google's enterprise business, said the company has made good progress courting customers and improving its technology. Cloud computing uses remote internet servers…

See more here: 
Google rebrands cloud business, adds more artificial intelligence

photo

Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. “As is common with deals of this size, there will be some overlaps we will need to manage

Read more from the original source: 
Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

photo

Unsecured creditors seek quick end to Sports Authority bankruptcy

Unsecured creditors of the bankrupt retailer Sports Authority are seeking to convert the case to a quick liquidation, saying in a Friday court filing the company should not waste its dwindling funds preparing a plan to end its Chapter 11. The Englewood, Colorado-based chain entered Chapter 11 bankruptcy with 464 stores in March and hoped to sell some locations as an ongoing business. The largest U.S. sporting goods retailer, Dick's Sporting Goods Inc , acquired the Sports Authority name and other intellectual property at a June auction.

The rest is here:
Unsecured creditors seek quick end to Sports Authority bankruptcy

photo

Hershey Trust reaches in-principle reform agreement

It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.

Originally posted here:
Hershey Trust reaches in-principle reform agreement

photo

Alphabet profit sends shares up; overtakes Apple in value

(Reuters) – Alphabet Inc reported better-than-expected quarterly profit on Monday, sending shares of Google's parent soaring in after-hours trading and making it the most valuable U.S. company ahead of rival Apple Inc.

View original here:
Alphabet profit sends shares up; overtakes Apple in value

« Previous Page