Trading Ideas
Amazon won't distribute Terry Gilliam's ill-fated movie
Terry Gilliam’s The Man Who Killed Don Quixote really does seem to be cursed. …read more […]
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Business News
BT to cut 13,000 jobs as seeks to revive growth
LONDON (Reuters) – BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and multiple pressures on its business.
Business News
Expectations capped, Wells Fargo investors await details on costs
BOSTON (Reuters) – Wells Fargo & Co investors are hoping for updates on how long the bank will stay in the regulatory doghouse, and will be looking for details about costs on Thursday while the lender’s ability to grow its balance sheet remains a question mark.
Trading Ideas
Apple scraps $1 billion Irish data centre over planning delays
Apple (AAPL.O) ditched plans to build an 850 million euro (743 million pounds) data centre in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday. Apple announced plans in February 2015 to build the facility in the rural western town of Athenry to take advantage of green energy sources nearby, but a series of planning appeals, chiefly from two individuals, delayed its approval. Ireland’s High Court ruled in October that the data centre could proceed, dismissing the appellants who then took their case …read more […]
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Trump gives freed Americans flag-waving, wee-hours welcome
Staging a made-for-TV, still-of-the-night arrival ceremony, President Donald Trump welcomed home three Americans freed by North Korea and declared their release a sign of promise toward his goal of denuclearizing the Korean Peninsula. Trump also thanked North Korea’s Kim Jong Un for releasing the Americans and said he believes Kim wants to reach an agreement on denuclearization at their upcoming summit. First lady Melania Trump, Vice President Mike Pence, Secretary of State Mike Pompeo and other top officials joined Trump to celebrate the occasion at Joint Base Andrews near Washington. …read more […]
Business News
Oil set for biggest weekly rise in a month as Iran sanctions loom
LONDON (Reuters) – The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.
Business News
‘Humbling’ U.S. settlement clears crisis-era hangover for RBS
LONDON (Reuters) – Shares in Royal Bank of Scotland rose as much as 6 percent on Thursday after the bank secured a far lower than expected settlement with U.S. authorities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival.
Business News
Apple scraps $1 billion Irish data center over planning delays
DUBLIN (Reuters) – Apple ditched plans to build an 850 million euro ($1 billion) data center in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday.
Business News
Balancing act: software giant SAP navigates Russian risks
MOSCOW/WALLDORF, Germany (Reuters) – Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany’s SAP is thriving.
Business News
Oil boost helps world stocks turn positive for 2018
LONDON (Reuters) – World stocks hit a three-week high on Thursday and turned positive for the year as rising oil prices gave energy firms a shot in the arm that countered the effects of increased political uncertainty.
Business News
Apple drops plans for data center in Ireland due to planning delays: RTE
DUBLIN (Reuters) – Apple will not proceed with a planned data center in Athenry, Ireland, because of delays in the planning approval process, RTE reported on Thursday citing a company statement.
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Alstom signs $3 billion agreement with GE to exit energy joint ventures
The three joint ventures, in grid, nuclear and renewable assets, were created as part of Alstom’s 12.35 billion euro sale of its energy business to General Electric in 2015. “Alstom intends to exercise its options to sell its interests in the ‘Renewables’ and ‘Grid’ Joint Ventures in 2018,” the company announced in a statement. The exercise of these options between September 4 and 10 would imply General Electric had exercised its option to acquire Alstom’s interest in the “nuclear” joint venture, it said. …read more […]
Business News
BT to cut 13,000 jobs in biggest cull in a decade
LONDON (Reuters) – BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and downturn in trading.
Business News
GM agrees to stake lock-in, make South Korea regional HQ in rescue deal for unit
SEOUL (Reuters) – General Motors will stay in South Korea for at least 10 years and set up its Asia-Pacific headquarters in the country, government officials said on Thursday, revealing terms of a deal aimed at rescuing the U.S. automaker’s struggling GM Korea unit.
Business News
RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation
WASHINGTON/BOSTON/LONDON (Reuters) – Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival.