Los Angeles Times Uber CEO is seeking a 'peer' to help him run the companyLos Angeles TimesUber Chief Executive Travis Kalanick, who last week pledged to get “leadership help” after a video surfaced of him berating one of the company's drivers, announced Tuesday that the ride-hailing giant is looking for a chief operating officer. Kalanick …Uber […]
Forbes Hewlett Packard Pays Up For Nimble Storage, Is Pure Storage Next?ForbesJust because an industry is growing — it doesn't mean you should try to enter it. This comes to mind in considering the market for flash storage which IDC estimated was worth $15 billion in 2016 and would grow to nearly $20 billion by […]
Los Angeles Times Snapchat maker's stock keeps falling — and analysts think it'll drop even moreLos Angeles TimesSnap Inc.'s stock market debut last week has been celebrated as a success in the tech world as its share price surged in its first two days on the market. But that optimism doesn't necessarily extend to Wall […]
Telegraph.co.uk Standard Life Agrees to Buy Aberdeen in $4.7 Billion Stock DealBloombergStandard Life Plc, Scotland's largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), creating one of Europe's biggest fund managers. Under the terms, which remain the same since talks were first …Standard Life and Aberdeen Asset Management announce […]
Bloomberg Peugeot Maker PSA Agrees to Buy GM's European Brands in $2.3 Billion DealBloombergPSA Group agreed to buy General Motors Co.'s Opel unit in a transaction valued at 2.2 billion euro ($2.3 billion), creating Europe's second-largest carmaker in a bid to better compete in the region's saturated market. PSA will pay 1.3 billion euros for …PSA […]
THE BUSINESS TIMES S.Korea's Lotte says more than 10 stores in China closed amid political tensionNasdaq… * Closures come after land swap for missile defence system * China objects to U.S. system being deployed in S.Korea * Tour operators told to stop selling trips to S.Korea * S.Korea trade minister's forum invitation cancelled (Updates number […]
CNN A massive Mexico-US raw sewage spill is under investigationCNN(CNN) With millions of gallons of raw sewage spilled into the Pacific Ocean surface and onto the shores of southern California, officials in the United States and Mexico have launched a bi-national investigation into the spill that apparently …Mexico commits biological warfare on USWND.comCoronado beaches reopen […]
Bloomberg Investors Start Doubting Oil Rally After Failure to Top $55BloombergThe oil market's failure to break out of the tightest range in more than a decade is sapping investor interest. After hitting a record high last week, hedge funds reduced wagers that U.S. oil prices would rise as concern grows that the market is again […]
Moneycontrol.com Deutsche Bank Reunites Traders With Bankers in Cost-Cut MissionBloombergOne year after he split Deutsche Bank AG's investment banking and trading units, John Cryan has put them back together with a familiar mandate: fewer clients and lower costs. Cryan, chief executive officer since 2015, said Sunday that the business will …Deutsche Bank to raise 8 […]
Business Insider Investors are going nuts for Snapchat — here's how Snap thinks it can turn a $500 million loss into profitBusiness InsiderInvestors are going crazy for Snapchat parent company Snap, and the stock is up more than 50% since its Thursday IPO, with a market cap of more than $30 billion. But Snap is […]