Business news

• UTC CEO says keeping Indiana plant open 'good deal'

  05-12-2016 23:55 via news.yahoo.com
  
  United Technologies Corp's chief executive told CNBC the company got a "good deal" with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico. Greg Hayes is chief executive of the parent company of Carrier Corp, which announced plans in February to close two Indiana plants and send 2,100 jobs to Mexico.
  
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• United Airlines mechanics ratify new contract

  05-12-2016 23:50 via news.yahoo.com
  
  By Alana Wise NEW YORK (Reuters) - Union mechanics at United Continental Holdings Inc on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. The agreement, approved by United mechanics who are represented by the International Brotherhood of Teamsters, is a major step toward integrating United and Continental, which merged in 2010, and reducing flight cancellations. Under the contract, 9,000
  
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• Buffett's Berkshire could get $29 billion Trump tax boost: analyst

  05-12-2016 23:41 via news.yahoo.com
  
  Trump's proposed reduction could help Berkshire lower its net deferred tax liability to $21.6 billion from $50.5 billion, excluding sums associated with its regulated utility units, Barclays analyst Jay Gelb said. Shareholders could reap the benefit, particularly because Buffett considers book value, a measure of assets minus liabilities, a key measure of Berkshire's growth.
  
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• Tyson starts $150 million venture capital fund, eyes meat substitutes

  05-12-2016 23:32 via news.yahoo.com
  
  Tyson Foods Inc has launched a $150 million venture capital fund that will target investments in companies commercializing meat substitutes, deepening the largest U.S. chicken producer's foray into alternative sources of protein. The fund also will invest in companies that aim to make money by reducing food waste and those that develop technology products related to food and agriculture, the company said on Monday. "Where the consumer is headed is in a space of growth and demand for all forms of
  
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• Wall Street rises, buoyed by economic data; Dow sets high

  05-12-2016 22:26 via news.yahoo.com
  
  U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. "A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks," said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio. The Dow Jones industrial average rose 45.82 points, or 0.24 percen
  
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• Enterprise backup software providers planning a busy 2017

  05-12-2016 22:22 via techrepublic.com
  
  Major data backup companies EMC, IBM, Commvault, Veeam, and Veritas are keeping busy this holiday season and are being clear about their plans for next year.
  
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• Oil retreats on doubts OPEC cuts can ease glut

  05-12-2016 22:09 via news.yahoo.com
  
  U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early in the day and began to pare gains in the late afternoon, settling at $51.79 a barrel, up 11 cents or 0.21 percent, before retreating to as low as $51.11 a barrel. Brent crude settled at $54.94 a barrel, up 48 cents - or 0.88 percent - before retreating to $54
  
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• Wages, full-time work sliding for young Canadians, StatsCan says

  05-12-2016 22:07 via cbc.ca
  
  Unemployment rates among young Canadians have held relatively steady when compared with the mid-1970s, but the proportion of full-time or permanent jobs has changed sharply over that time, says Statistics Canada.
  
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• Temporary work on rise for young Canadians, StatsCan says

  05-12-2016 22:07 via cbc.ca
  
  Unemployment rates among young Canadians have held relatively steady when compared with the mid-1970s, but the proportion of full-time or permanent jobs has changed sharply over that time, says Statistics Canada.
  
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• Trump should not spend like economy in crisis -Fed officials

  05-12-2016 22:06 via news.yahoo.com
  
  Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects. The comments reflected a developing debate within the Fed over the impact of president-elect Donald Trump's leadership of a Republican-controlled government. Fed officials worry there is risk that overly aggressive fiscal, tax and other changes could become inflationary given the
  
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• Getting an Android phone this holiday season? Here's how to migrate from iOS to the Google world.

  05-12-2016 21:53 via techrepublic.com
  
  The iPhone 7 was enough of a letdown to push plenty of people into Google's arms. If you're hoping for a new device this holiday season here's how to make your transition easy.
  
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• Chesapeake to sell Haynesville asset for $450 million to Indigo Minerals LLC

  05-12-2016 21:17 via news.yahoo.com
  
  (Reuters) - Chesapeake Energy Corp , the second largest U.S. producer of natural gas, said on Monday that it would sell a part of its acreage in the Haynesville Shale area for $450 million to a private company, which Reuters sources revealed as Indigo Minerals LLC, a competing natural gas producer.
  
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• Barclays' exit from energy trading stirs concerns over liquidity

  05-12-2016 21:11 via news.yahoo.com
  
  British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices. Wall Street firms have scaled back in commodity markets since the 2008 financial crisis from owning physical assets or taking positions in the market in the face of regulatory scrutiny. The departure of Barclays exacerbates the
  
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• Wall Street gains, helped by oil, economic data

  05-12-2016 21:08 via news.yahoo.com
  
  "We have oil prices moving up and we've had good economic numbers today. That's why the market is handling itself as well as it is," said Peter Cardillo, chief market economist at First Standard Financial in New York. The Dow Jones industrial average rose 30.85 points, or 0.16 percent, to 19,201.27, the S&P 500 gained 10.55 points, or 0.48 percent, to 2,202.5 and the Nasdaq Composite added 45.70 points, or 0.87 percent, to 5,301.35. The Dow has topped the other major indexes since the e
  
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• 10 ways to keep the lights on in IT during the holidays

  05-12-2016 20:54 via techrepublic.com
  
  The holidays can bring many challenges in IT due to staffing shortages. Here are some tips to help keep the department running amidst year-end festivities.
  
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• GE Power sees little sales impact if U.S. quits climate deals

  05-12-2016 20:39 via news.yahoo.com
  
  By Alwyn Scott NEW YORK (Reuters) - General Electric's sales of power plant upgrades would not suffer much if the United States bailed out of climate change treaties under a Trump administration as utilities still want the economic benefits that come with modernizations, GE's power services chief said on Monday. President-elect Donald Trump has called global warming a hoax and threatened to quit climate accords, though he recently said he is keeping an "open mind." But even if Trump took the Uni
  
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• Trump policies may work if they improve productivity: Fed's Bullard

  05-12-2016 20:26 via news.yahoo.com
  
  The policies outlined by President-elect Donald Trump could boost the U.S. economy if they improve productivity, St. Louis Federal Reserve President James Bullard said on Monday. Bullard views the U.S. economy as stuck in a low-growth rut, and feels that the central bank only needs to raise interest rates one more time before reaching what he regards as the appropriate level for that low-growth environment. The Fed's policy-setting committee is expected to raise rates when it meets next week.
  
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• Global trade more important than ever, Chrystia Freeland tells Toronto audience

  05-12-2016 20:18 via cbc.ca
  
  Ottawa is more in favour than ever of global trade and signing more free trade amendments, despite recent moves toward protectionism in other countries, International Trade Minister Chrystia Freeland tells a Toronto business audience.
  
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• Amazon Go grocery store replaces cashiers with automation and AI

  05-12-2016 20:01 via techrepublic.com
  
  Amazon recently announced Go, a brick-and-mortar concept store that uses technologies like artificial intelligence to eliminate the need for cashiers.
  
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• Microsoft still has work to do when it comes to malware security

  05-12-2016 19:53 via techrepublic.com
  
  Tests performed by AV-Test.org show Microsoft's malware solutions work--but they're far from the best. The company needs to do better.
  
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• Office Q&A: How to replace direct formats with styles in a Word document

  05-12-2016 19:37 via techrepublic.com
  
  Skip the manual mess. Use this quick method for replacing direct formatting with styles in your Word docs.
  
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• United Airlines mechanics vote to ratify new contract

  05-12-2016 19:29 via news.yahoo.com
  
  NEW YORK (Reuters) - Union mechanics at United Airlines on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. Backed by the International Brotherhood of Teamsters, maintenance technicians at Chicago-based United, the No. 3 U.S. airline by passenger traffic, will see pay hikes that will put their compensation packages "2 percent above the highest compensation in the industry every two years
  
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• U.S. retailers value enthusiasm over experience for holiday hires

  05-12-2016 19:24 via news.yahoo.com
  
  "To create a shopping experience that will make the customer feel welcome and comfortable," read the job overview for part-time staff at Macy's on one portal. It is an uphill struggle, as customers increasingly opt for the convenience and comfort that online shopping provides. "In the past we would be very, very focused on that (retail experience), but now we are willing to look at people who have good customer service and understand what customer service is, over somebody who has previous retai
  
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• Techs buoy S&P, Nasdaq; Goldman pushes Dow to record high

  05-12-2016 19:00 via news.yahoo.com
  
  The Dow has been enjoying a record-setting rally, largely driven by bank and industrial stocks, which are expected to benefit the most from higher spending on infrastructure and simpler regulations under a Donald Trump administration. The index has risen 5 percent since the Nov. 8 vote, while the S&P financial index has surged 14.3 percent. Goldman Sachs rose 2.2 percent to $228.33, its highest in nine years, after HSBC initiated coverage with a "buy" rating and a $250 price target.
  
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• Trump not saying how he'll view Dakota Access pipeline

  05-12-2016 18:57 via cbc.ca
  
  Trump spokesman says incoming president supports construction of Dakota Access pipeline, but wouldn't say whether Trump would reverse Army Corps of Engineers decision to deny construction permit.
  
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• U.S. services sector activity scales one-year high

  05-12-2016 18:42 via news.yahoo.com
  
  U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week. Monday's bullish report from the Institute for Supply Management (ISM) followed data last week showing strong job gains in November which helped drive the unemployment rate to a nine-year low of 4.6 percent. "The U.S. economy looks solid heading into year-end and, backe
  
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• International trade minister's announcement and news conference LIVE

  05-12-2016 18:30 via cbc.ca
  
  Chrystia Freeland delivers address to the Toronto Region Board of Trade
  
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• Snowden blasts US justice department, says Petraeus leaks 'far more highly classified' than his own

  05-12-2016 18:25 via techrepublic.com
  
  In a recent interview with Yahoo's Katie Couric, former NSA contractor Edward Snowden spoke about how he believes justice in the US is 'two-tiered.'
  
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• Survey: Workers in all business sectors experience 'tech envy'

  05-12-2016 18:21 via techrepublic.com
  
  A poll of tech worker habits by software firm Nintex revealed that public and private sector employees are hungry for automation, and rely on mobile apps and the cloud to get work done.
  
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• How to gain encrypted email on the Chromebook

  05-12-2016 18:13 via techrepublic.com
  
  If you've been waiting for encrypted email to arrive on Chrome OS, thanks to Android apps, it is now ready for prime time. Jack Wallen shows to make this so.
  
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• Oil hits 16-month high in buying rush after OPEC agreement

  05-12-2016 17:49 via news.yahoo.com
  
  Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week's OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. Monday's gains take the rally since the Organization of the Petroleum Exporting Countries' agreement was struck on Wednesday to 19 percent for Brent and 16 percent for U.S. crude. "OPEC sentiment continues to support oil markets.
  
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• 5 things IT leaders can learn from the big data market

  05-12-2016 17:43 via techrepublic.com
  
  IT decision makers don't have to start from scratch when it comes to analytics. Find out some analytics best practices for small, midsize, and large businesses.
  
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• Apple hints that self-driving car rumors may be true in recent letter to NHTSA

  05-12-2016 17:38 via techrepublic.com
  
  In a letter to the National Highway Traffic Safety Administration, an Apple executive said the company is 'investing heavily' in machine learning and automation in areas including transportation.
  
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• Goldman sends Dow to record high, techs lift S&P, Nasdaq

  05-12-2016 17:33 via news.yahoo.com
  
  The Dow has been enjoying a record-setting rally, largely driven by bank and industrial stocks, which are expected to benefit the most from higher spending on infrastructure and simpler regulations under a Donald Trump administration. The index has risen 5 percent since the Nov. 8 vote, while the S&P financial index has surged 14.3 percent. Goldman Sachs rose 2.2 percent to $228.32, its highest in nine years, after HSBC initiated coverage with a "buy" rating and a $250 price target.
  
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• Ahead of deal to cut, OPEC oil output hits record high: Reuters survey

  05-12-2016 17:28 via news.yahoo.com
  
  By Alex Lawler LONDON (Reuters) - OPEC's oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels from two nations exempted from cutting supply - Nigeria and Libya. Supply from OPEC increased to 34.19 million barrels per day (bpd) in November from 33.82 million bpd in October, according to the survey based on shipping data and information from industry sources. "OPEC's decision to cut prod
  
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• U.S. attorneys argue Aetna-Humana deal violates antitrust law: Trial

  05-12-2016 17:25 via news.yahoo.com
  
  Attorneys for the Justice Department argued to a judge on Monday that health insurer Aetna Inc's planned acquisition of Humana Inc violated antitrust law for its Medicare and Obamacare exchange businesses, kicking off a trial expected to last weeks. The Justice Department filed a lawsuit in July asking the court to stop Aetna's $34 billion deal for Humana, arguing that it would lead to higher prices for people in Medicare and the individual insurance program created under the Affordable Care Act
  
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• General Mills to cut as many as 600 jobs globally

  05-12-2016 17:22 via news.yahoo.com
  
  North America retail, Europe & Australia, Asia & Latin America and convenience stores & foodservice. The company said its French dairy unit, which makes Yoplait yoghurt and Häagen-Dazs ice-cream, would work independently with each of the four business groups. Minneapolis-based General Mills has been struggling to boost sales as customers increasingly shift to less-processed and sugary foods.
  
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• Second Cup signs $8M loan deal

  05-12-2016 17:18 via cbc.ca
  
  The Second Cup Ltd. has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of its strategic options.
  
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• Why 2017 could be a big year for AR and VR in business

  05-12-2016 16:49 via techrepublic.com
  
  Despite some concerns about the consumer market for virtual and augmented reality, the technologies are gaining traction among enterprise users.
  
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• Ford Motor to raise about $2 billion in debt

  05-12-2016 16:48 via news.yahoo.com
  
  DETROIT (Reuters) - Ford Motor Co on Monday said it will seek to raise about $2 billion in long-term debt, the first time Ford has sought to add to its automotive debt in nearly four years.
  
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• Trian's Peltz started building new stake two weeks ago: CNBC

  05-12-2016 16:46 via news.yahoo.com
  
  NEW YORK (Reuters) - Nelson Peltz, the billionaire head of activist hedge fund Trian Fund Management, told CNBC on Monday that his firm began building a new position in a company about two weeks ago.
  
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• With launch of 'Uber AI Labs,' ride-sharing giant aims to expand AI research beyond autonomous cars

  05-12-2016 16:31 via techrepublic.com
  
  On Monday, Uber announced the launch of 'Uber AI Labs,' a Silicon Valley-based research group that will fuel and expand its development of artificial intelligence.
  
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• Samsung ends compensation for some Galaxy Note7 customers, major design flaw emerges

  05-12-2016 16:19 via techrepublic.com
  
  Samsung will not provide additional funds to the 2,400 South Korean customers who filed a class action lawsuit after the two Note7 recalls. Here's why.
  
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• Trump Win Creates 'Considerable' Uncertainty, Fed's Dudley Says

  05-12-2016 16:02 via feeds.foxbusiness.com
  
  The U.S. election of Donald Trump has created 'considerable' uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday.
  
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• 4 ways to get better information about your customers

  05-12-2016 15:57 via techrepublic.com
  
  Here's what marketing managers can do to avoid getting faulty results from their social media data
  
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• European stocks and euro currency shake off shock of Italy referendum result

  05-12-2016 15:36 via cbc.ca
  
  European stock markets were slightly higher Monday, the first day of trading since Italy's premier Matteo Renzi resigned following his loss in a key referendum over the weekend.
  
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• European stocks and euro currency shake off fears following Italy referendum result

  05-12-2016 15:36 via cbc.ca
  
  European stock markets were slightly higher Monday, the first day of trading since Italy's premier Matteo Renzi resigned following his loss in a key referendum over the weekend.
  
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• 3 areas of hybrid infrastructure your company should prioritize in 2017

  05-12-2016 15:26 via techrepublic.com
  
  The push for companies to become software focused increases the burden on the data center. Here are three critical technologies that could help support the transformation.
  
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• Is This Why Sarepta Therapeutics Fell 14.5% in November?

  05-12-2016 15:23 via feeds.foxbusiness.com
  
  Shares of the rare-disease-focused drugmaker fell by double digits on little news. Was the decline caused by building skepticism regarding Sarepta's ability to get broad insurance coverage for Exondys 51?
  
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• Lufthansa pilots to decide on new pay offer next week

  05-12-2016 15:16 via news.yahoo.com
  
  German pilots' union Vereinigung Cockpit said it needed more time to examine a new pay offer from Lufthansa , lifting the threat of further strikes this week. Lufthansa has proposed new details, and reviewing the offer will take a week, a spokesman for the union, which represents around 5,400 Lufthansa pilots, said on Monday. Six days of stoppages over the last two weeks grounded 4,460 flights and disrupted the travel plans of more than 525,000 passengers, costing Lufthansa between 60 and 90 mil
  
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