By Mike Stone (Reuters) – State Street Corp is nearing a deal to acquire General Electric Co’s $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston-based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc […]
During the Thursday-night Democratic presidential debate, former Secretary of State Hillary Clinton confronted her chief primary rival over his constant criticism of her speaking fees and contributions from Wall Street. Her primary rival, Sen. Bernie Sanders (I-Vermont), has repeatedly questioned why big banks and financial interests have given her campaign money and paid her hundreds […]
The International Classification of Diseases (ICD) has recently (October 2015) been implemented in the United States in its 10th revision (ICD-10) after a significant delay (> 25 years) [1] and with high anxiety [2] reminding us of the Y2K panic. The ICD, maintained by the World Health Organization (WHO), was initially created to provide a […]
* Sharp shares jump, up 29 percent over two days (Adds share reaction and news conference details) read more >>> Source : Reuters
Oil edged up in lackluster trading on Friday as Asian liquidity faded ahead of the Lunar New Year holiday across large parts of the region. read more >>> Source : CNBC.Com
MYOB plans to bring its transaction processing, compliance, and advisory tools together onto a common platform in order to break down existing silos. read more >>> Source : ZDNet.Com
In 2006, a rare $650,000 Ferrari Enzo split in half in a devastating wreck along Pacific Coast Highway in Malibu, California. Local and national news media were all over the story. News helicopters hovered overhead, shooting video of the mangled red Italian supercar, its front end and passenger compartment resting on the side of the […]
Feb 4 (Reuters) – Click on http://tmsnrt.rs/1QJwCb6 for a Thomson Reuters report that reviews U.S. retailers’ January same-store sales. (Bengaluru Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780) read more >>> Source : Reuters
This interview is part of a series on Trailblazing Women role models (Entrepreneurs and Leaders) from around the world and first appeared on “I’m excited for you. If you are reading this, you are a trailblazing woman yourself, leading the way to make a global change and have impact. I hope you’ll come away with […]
Les Moonves, the newly-named chairman of CBS, calls it a “great privilege” in his first interview since the appointment. read more >>> Source : CNN Money
Alec Ross served as former Secretary of State Hillary Clinton’s senior advisor for innovation. During that role, he earned unique insight into the changing nature of technology. In his new book, “The Industries of the Future,” Ross not only lays out the key industries that will shape the 21st century, but also provides the geopolitical, […]
Will one of the world’s largest construction projects taking place in Saudi Arabia be a success? read more >>> Source : BBC
Can technology help build a perfect country? read more >>> Source : BBC
Morocco’s King Mohammed VI inaugurated the first phase of what will eventually be the world’s biggest concentrated solar energy plant Thursday. The project is intended to slash greenhouse gas emissions. The massive plant is located outside the central city of Ouarzazate, on the edge of the Sahara desert. “We can see that it is possible […]
* Asian markets subdued ahead of closely-watched U.S. jobs data read more >>> Source : Reuters
How social media is transforming the fashion industry read more >>> Source : BBC
TAIPEI (Reuters) – Taiwan’s Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said. read more >>> Source : Reuters
The reuse of login details on Alibaba’s Taobao has allowed an attack on 5 percent of the accounts on Alibaba’s Chinese retail sites. read more >>> Source : ZDNet.Com
TAIPEI, Feb 5 (Reuters) – Taiwan’s Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said. read more >>> Source : Reuters
Here’s why low rates are likely to stay around for the rest of the year too. read more >>> Source : Realtor.org
Chinese soccer clubs have gone on a buying spree, bidding for and signing some of the best players in the world for exorbitant amounts. In late January, British Premier League club Chelsea sold Brazilian international midfielder Ramires to Chinese team Jiangsu Suning in a $36 million deal, while Colombian international Jackson Martinez has signed to […]
Martin Shkreli’s new hotshot laywer, Ben Brafman, appeared on CNBC Thursday afternoon. He said Shkreli needs coaching to save him from a public relations disaster that could harm his criminal case. read more >>> Source : CNN Money
WASHINGTON (Reuters) – The U.S. Internal Revenue Service said on Thursday it had resumed processing individual and business tax returns at about 5 p.m. EST on Thursday after a system outage. read more >>> Source : Reuters
WASHINGTON, Feb 4 (Reuters) – The United States Marine Corps will try to maintain funding for its plans to modernize its fleet of aging aircraft and ships in the fiscal 2017 defense budget, the commandant of the Marine Corps said on Thursday. read more >>> Source : Reuters
Recently, one of my friends asked me: “What is Kim Kardashian famous for, again?” My reply was: “I think she is just famous for being famous.” But this, albeit short, topic of conversation made me want to find out what exactly it was that put the Kardashian family on the map and how they managed […]
NEW YORK, Feb 4 (Reuters) – A top Federal Reserve official on Thursday said she is comforted that U.S. interest rates are headed higher and has not yet been convinced to adjust her economic… read more >>> Source : Reuters
LinkedIn shares plunged as much as than 28 per cent in after-hours trading Thursday after it reported better-than-expected results for the fourth quarter but provided a weak forecast for 2016. read more >>> Source : CTVNews.Ca
Chipmaker MaxLinear (MXL) popped onto the Sector Leaders list Thursday, just ahead of its fourth-quarter earnings report due out after Monday’s close. The maker of communications and video display chips pre-announced its Q4 revenue Jan. 6. It projected revenue of $99 million, at the high end of its prior guidance. It put first-quarter revenue at […]
Venture funding of startup companies has surged during the last seven years and is now back to pre-recession levels. Yet with the public markets in turmoil and $1 billion “unicorn” companies holding off on IPOs, it’s hard to know what will happen to venture capital in the year ahead. For one, the sentiment is changing: […]
The federal Competition Bureau says it won’t challenge the proposed $1.6-billion acquisition of struggling wireless carrier Wind Mobile by Shaw Communications. read more >>> Source : CTVNews.Ca
No matter whom you talk to, you will quickly find out that there are few people with solid solutions as we move into a very different way of working. Some people have more information, more data points, some have more understanding based on research and or specific trials (and some errors), and some are going […]
Over the past week, the “Motherhood Challenge” has been sweeping Facebook. The challenge urges mothers to share photos that make them “proud to be a mom” and tag other women they believe to be great parents. It has received criticism for being “smug,” “insensitive” and diminishing of motherhood, and has prompted many response essays from […]
NEW YORK, Feb 4 (Reuters) – The U.S. economy remains sound and will overcome recent market turbulence, allowing the Federal Reserve to continue tightening its monetary policy as planned, a top Fed… read more >>> Source : Reuters
CALGARY, Alberta, Feb 4 (Reuters) – Canada will not rush to lift sanctions against Iran, despite calls to scrap the measures quickly so Canadian companies can compete for contracts, Prime Minister Justin Trudeau said on Thursday. read more >>> Source : Reuters
Sumner Redstone and his two other top Viacom executives together received $603 million from the company in the last six years despite the company’s troubles. read more >>> Source : CNN Money
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 […]
Over time, currency and oil markets tend to move inversely to each other, explains Tobias Levkovich, chief U.S. equity strategist at Citigroup. read more >>> Source : CNBC.Com
On a fourth-quarter and full-year 2015 earnings conference call with analysts on Wednesday, before she uttered a single word about a car or a truck, General Motors CEO Mary Barra talked about leading “the transformation of personal mobility.” GM was founded in 1908, at a time when over 24 million horses and mules were still […]
An Indian software company plans to open its first North American sales office on Prince Edward Island this spring, creating between five and 10 jobs, the provincial government says. read more >>> Source : CTVNews.Ca
The Berggruen Institute, an independent, non-partisan “think and action tank” that is co-publisher of The WorldPost, announced this week that Craig Calhoun will become the new president of the organization. Professor Calhoun will leave his current position as director and president of the London School of Economics and Political Science in the summer of 2016 […]
(Reuters) – Australian Atlassian Corp PLC reported a 44.7 percent increase in quarterly revenue as more customers purchased its software that help companies collaborate and manage their operations. read more >>> Source : Reuters
CALGARY, Alberta, Feb 4 (Reuters) – Canada will not rush to lift sanctions against Iran, despite calls to scrap the measures quickly so Canadian companies can compete for contracts, Prime Minister Justin Trudeau said on Thursday. read more >>> Source : Reuters
President Barack Obama plans a fee of $10 (£6.85) on every barrel of oil produced by US firms to fund green transportation projects. read more >>> Source : BBC
(Adds analyst comments, updates prices) * Canadian dollar ends at C$1.3745, or 72.75 U.S. cents * Currency touches strongest level since Dec. 11 at C$1.3640 * Bond prices mixed across the maturity… read more >>> Source : Reuters
President Obama proposed a tax of $10-a-barrel on oil companies to help pay for a wave of clean transportation investments. read more >>> Source : CNN Money