Business news

• Texas Instruments quarterly revenue beats on automotive demand

  24-01-2017 23:57 via news.yahoo.com
  
  (Reuters) - Chipmaker Texas Instruments Inc reported higher-than-expected quarterly revenue, helped by strong demand for its analog and embedded chip products from the automotive and industrial markets. Texas Instruments, which counts Apple Inc among its largest customers, also forecast current-quarter profit of 78-88 cents per share and revenue of $3.17 billion-$3.43 billion. Analysts on average were expecting a profit of 75 cents per share and revenue of $3.21 billion, according to Thomson Reu
  
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• Oil prices rise as OPEC output cuts drain stocks

  24-01-2017 23:55 via news.yahoo.com
  
  Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks. Brent futures gained 21 cents, or 0.4 percent, to settle at $55.44 a barrel, while U.S. West Texas Intermediate gained 43 cents or 0.8 percent, to $53.18 per barrel. Post settlement, prices pared gains after weekly inventory data from The American Petroleum Institute (API) showed U.S. crude, gasoline and diesel stocks al
  
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• Goldman's Cohn leaves firm with $85 million en route to Washington

  24-01-2017 23:51 via news.yahoo.com
  
  Cohn, who in December said he was leaving Goldman to become an economic adviser to the White House, was forced to divest his holdings in Goldman's stock to avoid potential conflicts of interest. Like many senior Goldman executives and longtime partners of the firm, Cohn also holds investments in private equity funds and hedge funds managed by the Wall Street bank. Goldman said it would buy Cohn's stakes in those funds back from him, but did not say what the holdings were worth.
  
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• Tesco faces new legal action over accounting scandal

  24-01-2017 23:37 via news.yahoo.com
  
  Britain's biggest retailer Tesco PLC is facing a new claim for damages from an investor about its 2014 profit overstatement, the company said on Tuesday. A spokesman for the supermarket group said it was aware of a claim filed by Manning & Napier, the U.S. fund manager, and would be filing a defense shortly. Manning & Napier declined to comment.
  
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• Alcoa revenue tops estimates, sees higher aluminum demand

  24-01-2017 23:01 via news.yahoo.com
  
  (Reuters) - Alcoa Corp reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices. The stock had risen 42 percent since Donald Trump's victory in the Nov. 8 U.S. presidential election. "Rising alumina and aluminum prices improved the bottom line," Chief Executive Officer Roy Harvey said in a statement, adding that margins doubled in the company's alumina segment.
  
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• PepsiCo using Super Bowl to launch new premium water brand

  24-01-2017 22:35 via news.yahoo.com
  
  Fox, which will broadcast the game in the United States, has been commanding $5 million from advertisers for a 30-second commercial, according to Fox Sports President Eric Shanks. The Super Bowl, to be played on Feb. 5, is expected to draw more than 100 million viewers. PepsiCo did not reveal how much it was spending on the 30-second spot, which will be the new brand’s first television commercial.
  
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• S&P 500, Nasdaq set records as tech, banks lead

  24-01-2017 22:20 via news.yahoo.com
  
  The S&P 500 and Nasdaq set record highs on Tuesday in a broad rally led by financial and technology stocks. The advance comes as quarterly earnings season heats up and investors become optimistic that clarity on President Donald Trump's economic policies will be forthcoming.
  
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• CN Rail revenue rises two percent on higher freight volumes

  24-01-2017 22:17 via news.yahoo.com
  
  (Reuters) - Canadian National Railway Co reported a 2 percent rise in quarterly revenue on Tuesday as the railroad moved higher volumes of Canadian grains and U.S. soybeans, refined petroleum products, finished vehicles and petroleum coke.
  
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• Hard-drive maker Seagate's revenue slips 3.1 percent

  24-01-2017 22:12 via news.yahoo.com
  
  (Reuters) - Hard-disk drive maker Seagate Technology Plc reported a 3.1 percent drop in quarterly revenue, hurt by a fall in prices and slowing demand. The company's revenue fell to $2.89 billion from $2.99 billion a year earlier. Net income rose to $297 million, or $1 per share, in the second quarter ended Dec. 30, from $165 million, or 55 cents per share. (Reporting by Rishika Sadam in Bengaluru; additional reporting by Anya George Tharakan; Editing by Saumyadeb Chakrabarty)
  
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• Tech companies note need for diversity, but there's been little progress

  24-01-2017 22:05 via cbc.ca
  
  The tech industry brought us self-driving cars, artificial intelligence and 3-D printers. But when it comes to racial and gender diversity, its leading companies are no trailblazers.
  
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• How to incorporate storyboarding to make meetings more efficient

  24-01-2017 22:00 via techrepublic.com
  
  Taking a page from Disney's playbook might help lessen the duration and frequency of meetings
  
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• HP expands laptop battery recall after reports of overheating and property damage

  24-01-2017 21:54 via techrepublic.com
  
  A new recall for HP notebook computer batteries includes roughly 101,000 units across the US, Canada, and Mexico.
  
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• CP reveals more terms of Hunter Harrison's forfeited $118M package

  24-01-2017 21:46 via cbc.ca
  
  Canadian Pacific reveals terms of an employment agreement with outgoing CEO Hunter Harrison, who agreed to forfeit $118 million in a surprise deal to step down as CEO ahead of schedule — apparently so he can take a job with a competing railroad.
  
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• How Russia sold its oil jewel: without saying who bought it

  24-01-2017 21:21 via news.yahoo.com
  
  MOSCOW/LONDON/MILAN (Reuters) - More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it. The stake was sold for 10.2 billion euros to a Singapore investment vehicle that Rosneft said was a 50/50 joint venture between Qatar and the Swiss oil trading firm Glencore. Unveiling the deal at a televised mee
  
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• Google brings a stylus to 2 new Chromebooks

  24-01-2017 21:20 via techrepublic.com
  
  Acer and Asus recently each announced a new Chromebook model with stylus capabilities.
  
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• Italy's Intesa SanPaolo confirms examining possible tie-up with Generali

  24-01-2017 21:17 via news.yahoo.com
  
  Italian banking and insurance group Intesa SanPaolo confirmed on Tuesday it was examining a possible tie-up with insurer Assicurazioni Generali . It was the first comment made by the bank since reports emerged at the weekend that the lender was interested in building a stake in Generali, Italy's biggest insurer.
  
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• TSX and Dow near record highs as Trump pushes business-friendly agenda

  24-01-2017 21:12 via cbc.ca
  
  Stocks markets returned to their winning ways on Tuesday as the new U.S. administration laid out more elements of its pro-business stance.
  
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• TSX and Dow close near record highs as Trump pushes business-friendly agenda

  24-01-2017 21:12 via cbc.ca
  
  Stocks markets returned to their winning ways on Tuesday as the new U.S. administration laid out more elements of its pro-business stance.
  
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• How to manage post-inauguration employee conflict

  24-01-2017 20:41 via techrepublic.com
  
  Political discussions are bound to come up around the office these days. Here are a few ways to keep tensions from rising.
  
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• How to use the Google app's handy offline search feature

  24-01-2017 19:59 via techrepublic.com
  
  If you've ever been without a network connection and needed to google something, with the new offline search function in the Google app, those search results are just a notification away.
  
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• Trump talks to U.S. automakers, pushes for new American plants

  24-01-2017 19:49 via news.yahoo.com
  
  U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors Co CEO Mary Barra, Ford Motor Co CEO Mark Fields and Fiat Chrysler Automobiles NV CEO Sergio Marchionne saying he wants to see more auto
  
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• Target to launch mobile payment service in U.S. stores this year

  24-01-2017 19:36 via news.yahoo.com
  
  CHICAGO (Reuters) - Target Corp said on Tuesday it plans to launch its own mobile payment service this year in stores, which would allow customers to pay for goods using an app on their mobile phones.
  
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• Zodiac family silver key to $9 billion Safran tie-up

  24-01-2017 19:33 via news.yahoo.com
  
  France's Safran has crafted a deal to persuade family investors in Zodiac Aerospace to give up control in a merger that would create the world's third largest aerospace supplier. This would offer the handful of families with historic ties a chance to keep shareholdings and industrial links while maintaining longstanding tax breaks - key to getting the families on board. The families lead a group that hold 32 percent of Zodiac voting rights and spurned Safran's first approach six years ago.
  
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• SEC fines Citigroup, Morgan Stanley over forex trading program

  24-01-2017 19:28 via news.yahoo.com
  
  The SEC said the civil case arose from the marketing of CitiFX Alpha to Morgan Stanley Smith Barney customers from August 2010 to July 2011, when Citigroup held a 49 percent ownership stake in that joint venture. The SEC also said brokers failed to adequately disclose the markups charged on trades. Some of the investors had no experience in foreign exchange trading, and did not understand some basic information about that market, the regulator added.
  
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• Glencore eyes more Brazil mills after recent acquisition: sources

  24-01-2017 19:21 via news.yahoo.com
  
  Swiss commodities trader Glencore Plc is considering additional sugar and ethanol mills takeovers in Brazil, where it recently bought a second plant, to ramp up operations in the world's No. 1 sugar producer, three people familiar with the plan said on Tuesday. According to the first source, who asked for anonymity because the plans remain private, Glencore is seeking to add another mill to the portfolio of two it already has in order to expand its production cluster in Sao Paulo state. Another
  
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• Big data lessons from Icelandic visual effects team behind the film Everest

  24-01-2017 19:19 via techrepublic.com
  
  The visual effects company RVX played a major role in producing content for the movie Everest. RVX's CTO reveals the studio's big data management challenges during the production.
  
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• ECB should soon start discussing exit from stimulus: Lautenschlaeger

  24-01-2017 19:16 via news.yahoo.com
  
  FRANKFURT (Reuters) - Preconditions for stable inflation in the euro zone are in place so the European Central Bank should soon start to discuss an exit from its stimulus program, Executive Board member Sabine Lautenschlaeger said on Tuesday.
  
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• U.S. stocks rise as tech, bank stocks gain

  24-01-2017 19:06 via news.yahoo.com
  
  Investors are also assessing quarterly earnings report, while seeking more clarity on President Donald Trump's economic policies. "We are now in a phase where the policies need to come to fruition to justify the move we have seen in the post-election period," said Bill Northey, chief investment officer at Private Client Group of U.S. Bank. Profits of S&P 500 companies are estimated to have risen 6.6 percent in the latest quarter - marking the strongest growth in three years, according to Tho
  
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• Forrester: What can we learn from a disastrous year of hacks and breaches?

  24-01-2017 19:01 via techrepublic.com
  
  2016 may go down on record as one of the worst for cybersecurity. Hacks, breaches, and leaks were everywhere in the news. Forrester has a few things for us to remember going forward.
  
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• How to change the wake word on your Amazon Echo to "Computer"

  24-01-2017 18:46 via techrepublic.com
  
  Tired of talking to a computer without being able to live out your Star Trek fantasies? Amazon has heard you, and it has answered.
  
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• Toyota Motor to add 400 jobs at Indiana assembly plant

  24-01-2017 18:04 via news.yahoo.com
  
  By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker said the jobs were part of a $600 million upgrade of its plant in Princeton, Indiana, and were included in its plans announced earlier this month to invest $10 billion in its U.S. o
  
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• The importance of being ethical in project management

  24-01-2017 17:50 via techrepublic.com
  
  For guidance with ethical concerns, project managers should refer to the Project Management Institute's code of ethics, as well as the Program Management Improvement and Accountability Act.
  
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• Aetna, Humana to consider all options after court blocks merger

  24-01-2017 17:47 via news.yahoo.com
  
  The deal would "substantially lessen competition" in the sale of Medicare Advantage plans in 364 counties in 21 U.S. states and on the Obamacare exchange in three Florida counties, the U.S. District Court for the District of Columbia ruled on Monday. "We continue to believe a combined company will create access to higher-quality and more affordable care, and deliver a better overall experience for those we serve," Aetna Chief Executive Officer Mark Bertolini and Humana Chief Executive Offer Bruc
  
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• Lockheed tops estimates in fourth quarter, warns of Sikorsky problems

  24-01-2017 17:36 via news.yahoo.com
  
  This is the first time Lockheed reported results since Donald Trump’s election as president in November. Trump has criticized some of Lockheed’s biggest programs including the F-35 jet fighter for being too expensive. Marillyn Hewson, Lockheed’s chief executive officer, said the defense contractor plans to “drive affordability” in 2017.
  
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• Wall St. edges higher as earnings kick into high gear

  24-01-2017 17:35 via news.yahoo.com
  
  Investors are also seeking more clarity on President Donald Trump's economic policies. "We are now in a phase where the policies need to come to fruition to justify the move we have seen in the post-election period," said Bill Northey, chief investment officer at Private Client Group of U.S. Bank. At 11:05 a.m. ET (16054 GMT), the Dow Jones Industrial Average was up 35.64 points, or 0.18 percent, at 19,835.49, the S&P 500 was up 5.22 points, or 0.23 percent, at 2,270.42 and the Nasdaq Compos
  
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• Trump urges U.S. automakers to make big push for new plants

  24-01-2017 17:30 via news.yahoo.com
  
  U.S. President Donald Trump pushed the chief executives of General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV on Tuesday to increase production in the United States and boost American employment. Trump opened a meeting with GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne at the White House by saying he wants to see new auto plants built in the United States.
  
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• U.S. trade commission to probe Nokia complaint against Apple

  24-01-2017 17:17 via news.yahoo.com
  
  WASHINGTON (Reuters) - The U.S. International Trade Commission said on Tuesday it will investigate a complaint by Nokia Technologies alleging that Apple Inc has imported smart phones, tablet computers and other electronics that infringe upon its patents. The USITC said in a statement it had not yet made any decision on the merits of the case by the Finland-based Nokia Corp unit, which is seeking a cease and desist order and a limited exclusion order in the case. (Reporting by David Alexander; Ed
  
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• Video: Top 5 ways to secure your IoT

  24-01-2017 17:03 via techrepublic.com
  
  Don't let your smart bulbs and thermostats fall prey to attack by bots. Use these five tactics to secure your IoT devices.
  
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• Verizon earnings, subscriber additions fall short of estimates

  24-01-2017 16:57 via news.yahoo.com
  
  Shares of Verizon, a Dow Jones Industrial Average component, were down 4.3 percent at $50.15 on Tuesday. Verizon added a net 591,000 retail postpaid subscribers - those who pay their bills on a monthly basis - in the quarter, far fewer than the 726,000 analysts had expected, according to market research firm FactSet StreetAccount. "The soft results in wireless serve as a stark reminder that, despite all of the understandable enthusiasm around possible regulatory reform, tax reductions, and possi
  
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• How publishing platform Ghost plans to save journalism

  24-01-2017 16:37 via techrepublic.com
  
  The Markdown-based content publishing platform launched a cash endowment called Ghost for Journalism that will fund and provide cutting-edge tech tools for independent publishers.
  
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• Trump gives OK to Keystone XL and Dakota Access pipelines

  24-01-2017 16:26 via cbc.ca
  
  U.S. President Donald Trump has signed an executive order to move forward on construction of two controversial oil pipelines that impact Canada, giving his OK to the Keystone XL and Dakota Access projects.
  
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• Trump expected to OK Keystone XL and Dakota Access pipelines

  24-01-2017 16:26 via cbc.ca
  
  U.S. President Donald Trump is expected to sign an executive order on Tuesday approving the construction of two controversial oil pipelines that impact Canada, giving his OK to the Keystone XL and Dakota Access projects.
  
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• FedEx CEO calls Trump's withdrawal from trade deal 'unfortunate'

  24-01-2017 16:18 via news.yahoo.com
  
  U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp's chief executive officer said on Tuesday, one day after Trump made good on a campaign promise to pull out of a major trade deal with Asian allies. CEO Fred Smith, in separate media appearances on Tuesday, questioned Trump's decision to formally withdraw from the Trans-Pacific Partnership (TPP). The package and business services company employs thousands of
  
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• Alibaba raises guidance as strategy shift makes progress

  24-01-2017 15:47 via news.yahoo.com
  
  (Reuters) - Chinese online retail giant Alibaba Group Holding beat analyst estimates with a 54 percent rise in third-quarter revenue, benefiting from its sharpened focus on cloud and digital media ventures as well as gains in its core business. Seeking new revenue streams with a series of data, cloud, artificial intelligence and logistics projects as China's e-commerce market begins to show signs of saturation, Alibaba said after Tuesday's results that it would raise 2017 full-year guidance for
  
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• Report: Why the best three jobs in America are all in tech

  24-01-2017 15:34 via techrepublic.com
  
  Tech positions dominated Glassdoor's 2017 50 Best Jobs in America list. Here are the jobs with the highest demand, pay, and worker satisfaction.
  
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• Android users beware: New AI can crack your Pattern Lock from afar

  24-01-2017 15:30 via techrepublic.com
  
  New research from a group of universities found that specific video and computer vision algorithm software can unlock an Android Pattern Lock in five attempts.
  
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• Tesla's Elon Musk will update cars like your iPhone, in major auto industry shift

  24-01-2017 14:57 via techrepublic.com
  
  On Saturday, Telsa CEO Elon Musk tweeted that Tesla will continue to innovate, offering major updates every 12-18 months. Here's why this is unique in the auto world, and what it means.
  
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• Verizon earnings and subscriber additions fall short of estimates

  24-01-2017 14:08 via news.yahoo.com
  
  Shares of Verizon, which is in the process of buying Yahoo Inc's core assets as a way to diversify, were down 2.7 percent at $51 in premarket trading on Tuesday. Verizon added a net 591,000 retail postpaid subscribers - those who pay their bills on a monthly basis - in the quarter, far fewer than the 726,000 analysts had expected, according to market research firm FactSet StreetAccount. Net income attributable to Verizon fell to $4.5 billion, or $1.10 per share, in the three months ended Dec. 31
  
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• Cars sold in the U.S. should be built in the U.S., Trump to tell Big 3 automakers Tuesday

  24-01-2017 14:08 via cbc.ca
  
  U.S. President Donald Trump on Tuesday will push the chief executives of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles to increase production in the United States and boost American employment.
  
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• Cars sold in the U.S. should be built in the U.S., Trump tells Big 3 automakers

  24-01-2017 14:08 via cbc.ca
  
  U.S. President Donald Trump has urged the chief executives of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles to increase production in the United States and boost American employment.
  
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