GM CEO Meets With Opel Managers as Germany Vows to Protect Jobs
General Motors Co. Chief Executive Officer Mary Barra flew to Germany to alleviate concerns her proposal to sell Opel to PSA Group could lead to job cuts as possible headwinds against the deal began forming in Europe.Photographer: Jeff Kowalsky/BloombergBarra and GM President Dan Ammann on Wednesday met with managers at Opel’s headquarters in Russelsheim, one day after Bloomberg broke the news that the marque might be sold to PSA, the maker of Peugeot and Citroen cars. Political and labor leade..>> view originalFacebook videos to autoplay with sound
Much of Facebook’s recent growth can be attributed to the spread of video on its network - and the company told investors recently it planned to aggressively monetise that success. Today, it announced some ideas to get things moving - starting with a change many users may not appreciate. Videos have autoplayed on Facebook’s News Feed for some time, leading to a curious rise of “silent movies” as publishers adapted to knowing that the majority of viewers would be watching, but not listening, to ..>> view originalMorning Agenda: SoftBank and Fortress, Trump Bump and Misguided Critiques
Photo Masayoshi Son, the founder of the Japanese conglomerate SoftBank, which is buying Fortress Investment Group, an American private equity giant. Credit Toru Hanai/Reuters The founder of the Japanese conglomerate SoftBank, Masayoshi Son, is known for making ambitious, sometimes head-scratching moves.But this could be his most unusual move yet: SoftBank is buying the private equity giant Fortress Investment Group for $3.3 billion.Fortress oversees about $70 billion in..>> view originalToshiba Puts Prized Chips Unit Up for Sale to Salvage Business
After a chaotic day of earnings, it’s become clearer Toshiba Corp. may soon end up a shadow of its former self.Buried in company presentation materials Tuesday was a note that the Tokyo-based conglomerate is considering selling a majority stake in its memory chip business, a reversal of a previous plan to limit the sale to 20 percent. Then President Satoshi Tsunakawa took that a step further, saying a sale of the entire unit is now possible.NAND flash memory, used in smartphones and solid state..>> view originalDo Politics Ever Influence How or Where You Shop?
Photo A movement to boycott Nordstrom instantly changed political direction after the department store scrubbed Ivanka Trump’s name from its site last week. Credit Gene J. Puskar/Associated Press Have you ever boycotted an item or brand because of the actions, beliefs or statements of the company or the person who sells it?Do social, environmental or political concerns factor into your decisions about what you buy or don’t buy? Why or why not?In “Shopping Becomes a Poli..>> view originalWarren Buffett's Berkshire takes huge bite of Apple shares, boosts airline stakes
The plunge into Apple appears particularly well-timed. Shares of Apple closed on Tuesday up $1.73 at $135.02, also a record closing high. Assuming Berkshire has not sold its stake, Apple's 16.6 percent gain this year would leave it with a $1.1 billion paper profit in 2017 alone. It had been widely believed that Berkshire's initial investment came from Combs or Weschler. But their decisions have sometimes influenced Buffett, as when Berkshire last year paid $32.1 billion for aircraft parts maker..>> view originalHow Aetna frittered away $1.8 billion on a merger destined to fail
Breakups are always emotional, more so when they’re expensive. Let’s calculate the financial carnage of Aetna’s breakup with Humana, a $34-billion merger deal that was shut down by a federal judge three weeks ago and ended by the two big insurance companies on Tuesday.We figure that Aetna wasted roughly $1.8 billion, pre-tax, in pursuit of a merger that many experts said was so anti-competitive that it probably wouldn’t fly. This is a good portion of Aetna’s $2.3 billion in reported profit last..>> view originalTrump Repeal of Obama SEC Regulation Signals More to Come
President Donald Trump has overturned an Obama-era anti-corruption rule that would have forced oil, gas and mining companies to disclose payments to foreign governments, becoming the first president in 16 years to take advantage of a law that allows him to rescind a predecessor’s regulations. Trump on Tuesday signed a congressional resolution to repeal a Securities and Exchange Commission disclosure rule that was called for in the 2010 Dodd-Frank Act. It’s likely just the start: Congress is con..>> view originalDollar is now caught in a tug-of-war between the Fed and Trump
The reaction of the Fed funds futures market showed relatively muted optimism, with the read across from market levels indicating odds of 23 percent for a March hike, versus 16 percent earlier in the day, and a jump in expectations for a May hike to 50 percent from 38 percent, according to investment bank Jefferies. While the upwards move in the dollar makes sense in the context of the latest news from the Fed, the near-term outlook for the dollar is uncertain given the conflicting force of Pre..>> view originalIndia Launches 104 Satellites From Single Rocket, Ramping Up Space Race
Photo The Indian Space Research Organization launched a flock of 104 satellites into space over the course of 18 minutes on Wednesday. Credit Indian Space Research Organization, European Pressphoto Agency NEW DELHI — India’s space agency launched a flock of 104 satellites into space over the course of 18 minutes on Wednesday, nearly tripling the previous record for single-day satellite launches and establishing India as a key player in a growing commercial market for sp..>> view original
Wednesday, February 15, 2017
GM CEO Meets With Opel Managers as Germany Vows to Protect Jobs and other top stories.
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