Business News
Volkswagen says BMW purchasing chief Duesmann to join board
Volkswagen said on Tuesday it has hired Markus Duesmann, head of purchasing and supplier network at rival BMW , as a member of its management team.
Year: 2018
Business News
China shares hit one-month high on stimulus hopes, bonds tire
Shanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world’s second largest economy, while stellar results from internet giant Alphabet underpinned the tech sector generally.
Business News
BMW manager Duesmann to become new Audi CEO: Handelsblatt
Volkswagen has hired BMW purchasing director Markus Duesmann to fill the post of Audi chief executive, German daily Handelsblatt reported on Tuesday.
Business News
Global airfares, hotel rates to rise in 2019: industry forecast
A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 percent and hotel rates up 3.7 percent, although there are downside risks from a trade war, according to an industry forecast.
Business News
Malaysia Airlines taps lenders for first jet financing since restructuring: sources
Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said.
Business News
Malaysia Airlines taps lenders for first jet financing since restructuring
Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said.
Trading Ideas
Yelp's hygiene score cards for restaurants go nationwide
Back in 2013, Yelp introduced an attribute that someone who values hygiene …read more […]
Trading Ideas
It Looks Like AMD Stock Has Reached Its Peak
After an underwhelming 2017, chipmaker Advanced Micro Devices (NASDAQ:AMD) has turned in one of the hottest performances thus far in 2018. Year to date, AMD stock is up nearly 60%, with most of that gain coming in the past three months. What has been the big driver of AMD stock’s 60% year-to-date rally? …read more […]
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Google Loses 2 More Cloud, AI Execs
The loss of its AI chief to Apple was just the tip of the iceberg. …read more […]
Business News
Bonds fear fading stimulus, China shares at one-month top
Global bond markets were tense on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from internet giant Alphabet supported tech stocks in Asia.
Business News
Global bonds unsettled by tightening talk, U.S. growth outlook
Global bond markets were under strain on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from Alphabet could support tech stocks in Asia.
Business News
Alphabet trounces profit estimates as Google reins in costs
Alphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and pushing shares up 3.6 percent after hours.
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Google CEO Sundar Pichai revealed a jaw-dropping fact about its translation app that shows how much money is still sitting on the table (GOOGL, GOOG)
Google Translate could end up being the search giant’s next hit product. Google doesn’t sell ads on the service, but its potential appeal for advertisers is obvious. During Google’s second quarter earnings conference call on Monday, CEO Sundar Pichai revealed an intriguing piece of information that hints at the translation product’s money-making potential. …read more […]
Trading Ideas
Microsoft is building low-cost, streaming-only Xbox, says report
It was revealed at E3 last month that Microsoft was building a cloud gaming …read more […]
Business News
Nike to raise wages for thousands of employees
Nike Inc said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives.