RBS makes first-half profit, may move some jobs to Amsterdam
LONDON (Reuters) - Royal Bank of Scotland beat first-half profit forecasts on Friday in a sign its long-promised recovery is finally gathering pace, and said it may move up to around 150 jobs to Amsterdam after Brexit. The state-controlled bank's shares rose as much as 5 percent after it reported an unexpected 44 percent jump in income at NatWest Markets, the rebranded investment banking unit that brought it to the brink of collapse during the financial crisis. RBS, rescued in a record 45.5 bill..>> view originalUber knowingly leased recalled vehicles to its drivers in Singapore
Uber is in the spotlight for shady operations once again after a report revealed that the U.S. ride-hailing giant knowingly leased cars that were subject to a recall to drivers in Singapore. A Wall Street Journal report exposed the events which took place in 2016 and centered around the Honda Vezel, one of a number of vehicles that Uber purchased and then made available for drivers to lease in Singapore, where the cost of a car is among the highest on the planet. Honda issued on a recall on th..>> view originalGoogle reportedly offered $30 billion to acquire Snapchat
Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. The search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year, according to Business Insider’s Alex Heath. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too. But Snap’s notoriously independent CEO Evan Spiegel has apparently showed no interest in sellin..>> view originalDunkin' Donuts Is Dropping Part of Its Name at This California Location
Dunkin’ Donuts Is Dropping Part of Its Name at This California LocationAug 3, 2017 | 6:16 pmThe chain does not consider this ‘rebranding’>> view originalActivision Blizzard's Revenue and Profit Forecasts Surge Due to 'Overwatch'
Activision Blizzard raised its full-year adjusted revenue and profit forecasts for the second time on Thursday, as the video game publisher benefits from higher digital sales and the popularity of its multi-player futuristic game Overwatch.The company raised its full-year adjusted profit to $2 per share from $1.88 per share and its adjusted revenue forecast to $6.58 billion from $6.33 billion.Analysts on average were expecting a profit of $2.02 per share and revenue of $6.54 billion, according t..>> view original3 Best-Performing Stocks in July
A rising tide lifts all boats, so when the stock market indexes hit new all-time highs, the shares of even the worst laggards are bound to get a boost. While that was true for some of the best-performing stocks in July, there were other factors at play. Read on to find out why the market alone was not the cause for the surge of biggest gainers Hertz (NYSE:HTZ), Applied Optoelectronics (NASDAQ:AAOI), and Halcon Resources (NYSE:HK), as well as to see if they can hold on to their gains. Image sou..>> view originalElon Musk's Tweets About Mental Health Are a Reminder That 'Great Highs' Often Come With Invisible 'Terrible Lows'
In a series of tweets earlier this week, Tesla CEO Elon Musk spoke candidly about stress and his mental health.When asked about his picture perfect online life, the CEO responded, “The reality is great highs, terrible lows and unrelenting stress. Don't think people want to hear about the last two.”The reality is great highs, terrible lows and unrelenting stress. Don't think people want to hear about the last two.- Elon Musk (@elonmusk) July 30, 2017When asked if he were bipolar, Musk tweeted, “y..>> view originalAvon chief executive to resign in latest win for activist investors
Avon chief executive Sherilyn McCoy said she was proud of what she and the company “have achieved together.” (Avon Products) LONDON — Avon Products said on Thursday that its chief executive, Sherilyn S. McCoy, would step down at the end of March as the door-to-door seller of beauty products has faced pressure from activist investors to reshape its management and speed up its turnaround.The disclosure is the latest success for activist shareholders, who have put some of the world’s large..>> view originalToyota, Mazda to build $1.6 billion US plant, develop electric cars tech
TOKYO (Reuters) - Toyota Motor Corp (7203.T) and Mazda Motor Corp (7261.T) plan to build a $1.6 billion U.S. assembly plant, the two said on Friday, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies. The two will take small stakes in each other as part of the tie-up: Toyota, the world's second-largest automaker by vehicle sales last year, will take a 5 percent share of Mazda, extending its dominance in Japan's auto sector. Mazda will ..>> view originalPharma Giant Teva's Stock Is Imploding As Generic Drugs Get Cheaper
Teva Pharmaceutical Industries Ltd., which has been without a permanent CEO for six months, revealed the full extent of the challenges facing its next leader by announcing more job cuts, a retreat from 45 markets and a steep cut to its dividend after slashing its earnings goals for the second time this year.The stock slumped the most in almost two decades and the yield on Teva’s bonds jumped after the Israeli drugmaker also cautioned that it may breach some debt covenants this year if sales don’..>> view original
Monday, September 11, 2017
RBS makes first-half profit, may move some jobs to Amsterdam and other top stories.
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