Business

Japan’s industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate of a 5.0 percent
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Bill Simon, former Walmart US CEO, said Congress should look into splitting up Amazon. “They’re not making money in retail, and they’re putting retailers out of business,” Simon told CNBC. He said the e-commerce giant has operated its retail segment at a loss for decades, subsidizing the retail portion of its business with profits from
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Thousands of brick-and-mortar stores are set to close this year, but others will open, just not where you might expect, analysts say. “There are always winners,” said Jan Kniffen, chief executive officer of J. Rogers Kniffen World Wide Enterprises, a retail consulting firm. But, he said, those winners won’t be found in the mall. “If
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World View | Steven Meckler World View conducted its inaugural Stratollite launch from Spaceport Tucson on Sunday, October 1st, 2017 World View intends to use what it learns from Stratollite to launch people in another balloon-lifted craft called Voyager. “We will be flying people in the future but I’d like us to have 100 or
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One theme that could continue to weigh on the sector for months to come is regulation. Though talk of regulation has mostly focused on Facebook, the social network’s data crisis could spill over to other big tech companies. On Monday, Senate Judiciary Chairman Chuck Grassley called on Facebook’s Mark Zuckerberg to testify at a hearing
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Futures trading giant CME Group has reached a deal to buy U.K.-based trading firm NEX Group for £3.9 billion ($5.49 billion). CME will acquire London-based NEX in a transaction valued at £10 ($14) per share, consisting of £5 in cash and 0.0444 CME Group shares, based on CME’s closing share price of $158.84 on Wednesday,
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As foreign investors do more business in Saudi Arabia, Princess Reema bint Bandar Al Saud called on Western businesses to engage more with local citizens. Speaking to CNBC on the sidelines of the 2018 Saudi-U.S. CEO forum, the princess explained that societal changes are critical to Saudi Arabia’s economic transformation. She said that many expatriate
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@ Didier Marti | Moment | Getty Images A tramway car captured with blurred motion rushes through the Paradeplatz (Parade square) in the heart of Switzerland banking industry in Zurich at night. A group of mostly rich, industrialized countries says Switzerland should do more to prosecute companies and apply tougher penalties for bribery. The Organization
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Chinese e-commerce giant Alibaba Group and US car maker Ford have unveiled an unstaffed car vending machine in China’s southern city Guangzhou. The machine stands about five-storeys tall and contains 42 cars, of various models, including the Ford Explorer SUV and Mustang. Alibaba said users of Tmall, Alibaba’s flagship online shopping platform, with good credit
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U.S. building products maker USG Corp., backed by Warren Buffett, rejected an unsolicited buyout offer from its second-biggest shareholder, Germany’s Gebr Knauf, saying the offer substantially undervalued the company. Gebr Knauf disclosed on Monday that it had offered to buy the maker of gypsum wallboards earlier this month for $42 per share, a premium of
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Chris Ratcliffe | Bloomberg | Getty Images Tidjane Thiam, chief executive officer of Credit Suisse Group AG. Credit Suisse Chief Executive Tidjane Thiam earned slightly less in 2017 during his third year on the job, as shareholder scrutiny during the final stages of a major overhaul dampened executive pay. Thiam earned 9.7 million Swiss francs
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WHETHER IBM IS STAYING WITHIN U.S. age laws as it cuts from and adds to its workforce turns largely on how and why the company chooses individuals to be eliminated. While executives say they never target older workers, internal company documents and interviews suggest otherwise. Consider, for example, a planning presentation that former IBM executives
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From retail to consultancy groups, Germany has an array of thriving industries to work in, and according to LinkedIn’s latest rankings, technology is one of the most sought-after sectors. In LinkedIn’s 2018 “Top Companies” list, the professional networking platform uncovered the top 25 businesses to work for in Germany by analyzing the level of retention,
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Home-food delivery company HelloFresh said it’s acquired Boulder-based organic and vegan food home delivery company Green Chef for an undisclosed price. Green Chef was founded by CEO Michael Joseph in 2014 and delivers packages of vegan and gluten-free food to customers. “The acquisition of Green Chef will drive synergies for operations, logistics, and procurement. HelloFresh
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