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Home2018November

Month: November 2018

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Business News

Dell raises VMWare tracking stock offer to $120 per share

November 15, 2018 admin Comments Off on Dell raises VMWare tracking stock offer to $120 per share

Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMWare to $120 per share from its previous offer of $109, still way short of the $300 price suggested by activist investor Carl Icahn.

…read more […]

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Business News

Ready, set, shop: More than a third of Americans to buy on Black Friday: poll

November 15, 2018 admin Comments Off on Ready, set, shop: More than a third of Americans to buy on Black Friday: poll

About 38 percent of American consumers plan to shop on Black Friday this year, and six in 10 of those shoppers anticipate making at least half of their holiday purchases on that day, a Reuters/Ipsos poll showed on Thursday.

…read more […]

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Business News

Dell sweetens VMWare tracking stock offer to $120 per share

November 15, 2018 admin Comments Off on Dell sweetens VMWare tracking stock offer to $120 per share

Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in VMWare to $120 per share from its previous offer of $109.

…read more […]

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Business News

Walmart’s comparable sales beat estimates, e-commerce sales jump

November 15, 2018 admin Comments Off on Walmart’s comparable sales beat estimates, e-commerce sales jump

Walmart Inc on Thursday reported a 3.4 percent rise in sales at U.S. stores open at least a year as more U.S. shoppers purchased goods at its stores and on its website, driven by a strong economy.

…read more […]

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Business News

China’s stay-at-home shoppers propel luxury sales: Bain

November 15, 2018 admin Comments Off on China’s stay-at-home shoppers propel luxury sales: Bain

Luxury brands will increasingly have to court Chinese shoppers on their home turf, as local purchases soar among a clientele who are forecast to generate nearly half the industry’s sales by 2025, a study showed on Thursday.

…read more […]

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Business News

Apple supplier AMS cuts forecast, indicating poor iPhone demand

November 15, 2018 admin Comments Off on Apple supplier AMS cuts forecast, indicating poor iPhone demand

Austria’s AMS , which makes facial recognition technology, became the latest Apple supplier to cut its revenue forecast, adding to growing evidence that the latest iPhones are not selling well.

…read more […]

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Business News

Liberty Global ‘not desperate’ to sell Swiss business: CFO

November 15, 2018 admin Comments Off on Liberty Global ‘not desperate’ to sell Swiss business: CFO

Cable operator Liberty Global is investing to strengthen its Swiss UPC video offering so it could stand alone if a strategic partner isn’t found, CFO Charlie Bracken said on Thursday.

…read more […]

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Ford CEO open to investors in autonomous vehicles but cautious on VW

November 15, 2018 admin Comments Off on Ford CEO open to investors in autonomous vehicles but cautious on VW

Ford Motor Co Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG is a “delicate dance.”

…read more […]

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Business News

Swiss watchdog investigates banks over alleged payments system boycott

November 15, 2018 admin Comments Off on Swiss watchdog investigates banks over alleged payments system boycott

Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS , to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay .

…read more […]

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Business News

British Brexit turmoil spooks investors, boosts dollar, yen

November 15, 2018 admin Comments Off on British Brexit turmoil spooks investors, boosts dollar, yen

The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors across currency markets.

…read more […]

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Business News

Sterling heads for second biggest drop this year as Brexit deal faces hurdles

November 15, 2018 admin Comments Off on Sterling heads for second biggest drop this year as Brexit deal faces hurdles

The British currency plunged on Thursday and is set for its second biggest drop this year as opposition mounted at Prime Minister Theresa May’s draft deal for leaving the European Union with a series of resignations.

…read more […]

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Business News

Sterling, euro stocks scuttled as Brexit deal hits the rocks

November 15, 2018 admin Comments Off on Sterling, euro stocks scuttled as Brexit deal hits the rocks

Sterling tumbled and the rest of Europe’s share markets groaned on Thursday, after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just 12 hours after it had been unveiled.

…read more […]

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Dollar, yen gain as British Brexit turmoil spooks investors

November 15, 2018 admin Comments Off on Dollar, yen gain as British Brexit turmoil spooks investors

The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors.

…read more […]

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Business News

Euro extends gains as Italian concerns take back seat

November 15, 2018 admin Comments Off on Euro extends gains as Italian concerns take back seat

The euro strengthened on Thursday as investors cautiously welcomed Britain’s draft Brexit deal with the European Union and concerns about the Italian budget stand-off eased.

…read more […]

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Business News

Swiss competition watchdog probes suspected payment systems boycott

November 15, 2018 admin Comments Off on Swiss competition watchdog probes suspected payment systems boycott

Switzerland’s competition watchdog WEKO said it had searched offices of Swiss financial companies including Credit Suisse and UBS as it probes a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.

…read more […]

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