Business news

• EBay holiday-quarter revenue up 3.1 percent, shares jump

  25-01-2017 23:56 via news.yahoo.com
  
  EBay, once synonymous with online auctions, has been revamping its platform to help it compete better with bigger e-commerce rival Amazon.com Inc as well as traditional retailers. "It is a turnaround process for the company, and there are some decent metrics in there," for the marketplace division, said BGC Partners analyst Colin Gillis. EBay also said it had repurchased $1 billion in shares over the quarter.
  
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• AltaGas launches $8.4-billion takeover of U.S. power company WGL Holdings

  25-01-2017 23:35 via cbc.ca
  
  ​AltaGas Ltd. is buying U.S. power and utility company WGL Holdings Inc. in a deal worth $8.4 billion Cdn as it looks to expand and diversify its energy infrastructure portfolio in North America.
  
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• AT&T's quarterly results match Street expectations

  25-01-2017 23:33 via news.yahoo.com
  
  (Reuters) - AT&T Inc , the No. 2 U.S. wireless carrier, reported quarterly results that matched analysts' estimates, as it added more smartphone customers in a saturated wireless market, and said it was confident its deal to buy Time Warner Inc would be approved. Thirteen Democratic senators on Wednesday asked AT&T to explain how its planned $85.4 billion takeover of Time Warner is in the public interest. In October, the company said it would buy Time Warner, a deal that was objected by
  
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• Kraft Heinz, Oprah form joint venture to develop new line of food products

  25-01-2017 23:16 via news.yahoo.com
  
  (Reuters) - Heinz ketchup maker Kraft Heinz Co and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States.
  
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• Discovery in price dispute with Sky, signals full blackout

  25-01-2017 23:08 via news.yahoo.com
  
  (Reuters) - Discovery Communications Inc's UK unit said on Wednesday negotiations with Sky Plc for a new carriage deal reached an impasse over a price dispute, threatening a blackout of Discovery channels from Sky's platform. All 12 channels in the Discovery portfolio would disappear from Sky and NOW TV after Jan. 31 if the dispute is not resolved, affecting more than 5.5 million people, Discovery Networks UK and Ireland said in a statement. Sky finds the price expectations for the Discovery por
  
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• Western Digital's profit, revenue beat estimates

  25-01-2017 22:53 via news.yahoo.com
  
  (Reuters) - Data storage company Western Digital Corp reported higher-than-expected revenue and profit on Wednesday, helped by demand for its products amid stabilizing PC demand and a shift by businesses to cloud storage. Western Digital has benefited from its shift to high-performance and cost-effective NAND flash drives, which is fast replacing the traditional magnetic storage method. Demand for the company's cloud-based data storage products has also increased as businesses increasingly move
  
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• Barbie maker Mattel's holiday quarter sales miss estimates

  25-01-2017 22:51 via news.yahoo.com
  
  (Reuters) - Mattel Inc , the largest U.S. toymaker, reported holiday quarter sales and profit that fell far short of analysts' estimates, hurt by weak demand for its Barbie dolls and Fisher Price toys.
  
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• Dow tops 20,000 on revitalized Trump trade, earnings

  25-01-2017 22:32 via news.yahoo.com
  
  U.S. stocks climbed on Wednesday and the Dow Jones Industrial Average closed atop the 20,000 mark for the first time as solid earnings and optimism over President Donald Trump's pro-growth initiatives revitalized a post-election rally. Trump has made several business-friendly decisions since taking office on Friday, including signing executive orders to reduce regulatory burden on domestic manufacturers and clearing the way for the construction of two oil pipelines. The S&P 500 and the Nasda
  
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• BT Group faces U.S. lawsuits as Italian accounting scandal deepens

  25-01-2017 22:18 via news.yahoo.com
  
  BT Group Plc was hit on Wednesday with at least two shareholder lawsuits in the United States, after one-fifth of the telecommunications company's market value was wiped out in a single day amid a growing accounting scandal in Italy. The lawsuits accusing the British company and three top executives of securities fraud were filed in the U.S. District Courts in Manhattan and in nearby Newark, New Jersey, on behalf of BT investors over the last few years. Both lawsuits were brought by individuals
  
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• Restaurants seek symbolic 'sanctuary' status amid U.S. immigration crackdown

  25-01-2017 21:46 via cbc.ca
  
  Restaurants across America are seeking 'sanctuary' status, a designation owners hope will help protect employees in an immigrant-heavy industry and tone down fiery rhetoric sparked by the presidential campaign.
  
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• Exclusive: Mexico's Jose Cuervo prices February 8 IPO at up to 34 pesos/share

  25-01-2017 21:13 via news.yahoo.com
  
  MEXICO CITY (Reuters) - Mexican tequila giant Jose Cuervo will offer 476.6 million shares, priced at between 30-34 pesos per share, in its long-delayed Feb. 8 initial public offering, according to an investor presentation seen by Reuters on Wednesday.
  
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• Dow hits 20,000 on revived Trump rally, earnings

  25-01-2017 21:09 via news.yahoo.com
  
  Wall Street advanced on Wednesday to push the Dow Jones Industrial Average across the 20,000 mark for the first time ever as solid earnings and optimism over President Donald Trump's pro-growth initiatives reawakened a post-election rally. The S&P 500 and the Nasdaq Composite indexes also hit record intraday highs. The Dow came within a point of the historic mark on Jan. 6, as investors banked on pro-growth policies and tax cuts many expect from the new administration.
  
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• Generali finance chief to leave, takeover talk mounts

  25-01-2017 21:03 via news.yahoo.com
  
  Italy's Assicurazioni Generali said on Wednesday its chief financial officer Alberto Minali would be leaving at the end of the month, at a time of uncertainty for the country's biggest insurer. The departure of Minali comes a day after Italy's biggest retail bank Intesa Sanpaolo said it was considering the idea of a tie-up with Generali in a move that could reshape the country's financial landscape. Generali, whose biggest shareholder is influential investment bank Mediobanca , said on Monday it
  
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• RBS to take another multi-billion pound charge for mis-selling: Sky

  25-01-2017 20:58 via news.yahoo.com
  
  (Reuters) - Royal Bank of Scotland Group Plc (RBS) will announce within days that it is taking another multi-billion pound charge for mis-selling mortgage-backed securities, Sky News reported on Wednesday. http://bit.ly/2jStQWD
  
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• How to enable two-factor authentication for your Twitter account

  25-01-2017 20:46 via techrepublic.com
  
  Do you use Twitter personally or professionally? Then you need to enable two-factor authentication to truly secure your tweets.
  
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• AppDynamics deal shows buyouts more lucrative in anemic IPO market

  25-01-2017 20:39 via news.yahoo.com
  
  Cisco said on Tuesday it agreed to buy AppDynamics, which makes software to manage and analyze applications, for $3.7 billion. The offer price is more than double what the company would be valued at - $1.7 billion - if its shares were priced at the top end of its estimated IPO price range. The deal will allow AppDynamics investors to exit their holdings completely, compared with a roughly 10 percent exit if the company listed its shares.
  
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• Infographic: 3D printing is slow to catch on in the enterprise

  25-01-2017 20:31 via techrepublic.com
  
  In a follow-up to a 2014 survey, a Tech Pro Research poll found that many companies still see no business need for 3D printers.
  
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• Starbucks nominates Microsoft CEO Nadella to its board

  25-01-2017 20:12 via news.yahoo.com
  
  The announcement comes a month after former Microsoft executive Kevin Johnson was named Starbucks CEO to replace co-founder Howard Schultz. Schultz, who will step down in April, will remain as executive chairman.
  
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• Boeing shares jump on strong fourth-quarter results, 2017 forecast

  25-01-2017 20:07 via news.yahoo.com
  
  Boeing Co posted quarterly profit and operating cash that beat analysts' estimates, and promised an even better performance in 2017, thanks to "relentless" cost cutting, rising productivity and U.S. President Donald Trump's pro-business agenda. Boeing stock jumped nearly 5 percent to $168.50 on Wednesday after the company said it expects to generate a record $10.75 billion in operating cash this year. The sum is up from a record $10.5 billion in 2016 and well above the $10.4 billion that analyst
  
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• Dow pops 20,000 and raises hopes rally is recharging

  25-01-2017 20:05 via news.yahoo.com
  
  By Rodrigo Campos and Chuck Mikolajczak NEW YORK (Reuters) - The Dow Jones Industrial Average index's pop over 20,000 on Wednesday crowns a frenetic post-U.S. election rally that featured the second fastest-ever climb between 1,000-point milestones in the Dow's 120-year history. The rally, driven by enthusiasm over pro-growth policies from newly-minted U.S. President Donald Trump and an optimistic start to earnings season, has led to some speculation that stocks have run up too far. "While the D
  
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• How to back up MySQL databases from the command line in Linux

  25-01-2017 19:52 via techrepublic.com
  
  Whether you're running a LAMP stack on Ubuntu or CentOS, you need to back up your MySQL databases. Learn how to do this with the help of the mysqldump command.
  
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• German carmakers warn U.S. against launching trade curbs

  25-01-2017 19:47 via news.yahoo.com
  
  German automakers warned on Wednesday the United States would suffer significant economic damage from imposing trade curbs, after President Donald Trump put renewed pressure on U.S. carmakers to build more vehicles at home. Trump, who took office last Friday, has already signed an order withdrawing the United States from the Trans-Pacific Partnership trade pact and has vowed to re-open the North American Free Trade Agreement (NAFTA) that includes the United States, Canada and Mexico. The new Rep
  
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• 6 ways to prepare for the upcoming year, mentally and physically

  25-01-2017 19:39 via techrepublic.com
  
  As IT leaders, we're often focused on the mental aspects of our job. However, a healthy body provides the energy and stability required for top mental performance.
  
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• How to query a LibreOffice database using the Query Design View

  25-01-2017 19:32 via techrepublic.com
  
  LibreOffice contains a very powerful database tool that is actually quite user friendly. Here's how to create a database query using the Design View tool.
  
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• 10 takeaways from Okta's Businesses @ Work 2017 report

  25-01-2017 19:06 via techrepublic.com
  
  As a cloud identity provider, Okta's customers tend to be forward-thinking companies, so the data in this report could point toward possible long-term trends.
  
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• How to control your Windows 10 PC using VoiceAttack

  25-01-2017 18:57 via techrepublic.com
  
  Use voice commands to control applications, compose text, and make Windows talk like William Shatner.
  
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• Why CEOs must lead big data initiatives

  25-01-2017 18:50 via techrepublic.com
  
  When the CEO is at the helm of big data analytics efforts, your company will have a competitive advantage. Find out why.
  
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• Project management 101: Understanding Six Sigma and its business value

  25-01-2017 18:15 via techrepublic.com
  
  Learn the basics about the project management concept Six Sigma, which drastically reduces defects, waste, and time while lowering costs and enhancing customer satisfaction.
  
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• Boeing sees more airliner deliveries, lower defence revenue

  25-01-2017 18:02 via cbc.ca
  
  Boeing Co. beat Wall Street expectations for fourth-quarter profit despite a slump in revenue from its defence business, as the company forecast that deliveries of commercial airplanes will rise slightly in 2017.
  
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• Siemens to pick banks for blockbuster Healthineers listing: sources

  25-01-2017 17:32 via news.yahoo.com
  
  By Arno Schuetze and Georgina Prodhan FRANKFURT (Reuters) - German industrial group Siemens will shortly start picking banks to organize a stock market listing of its healthcare business, which could be valued at up to 37 billion euros ($40 billion) including debt, three people close to the matter said. Siemens will invite investment banks in early April to pitch for roles in the initial public offering (IPO), which could be the biggest since the flotation of German energy group Innogy in Octobe
  
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• Dow hits 20,000 as Trump and earnings fuel rally

  25-01-2017 17:32 via news.yahoo.com
  
  The S&P 500 and the Nasdaq Composite indexes also hit record intraday highs, amid gains across sectors. The Dow came within a point of the historic mark on Jan. 6, as investors banked on pro-growth policies and tax cuts many expect from the new administration. Sentiment has also been helped by better-than-expected fourth-quarter earnings.
  
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• NYSE plans NYSE American to counter 'Flash Boys' exchange IEX

  25-01-2017 17:29 via news.yahoo.com
  
  The operator of the New York Stock Exchange said on Wednesday it will change the model of its NYSE MKT exchange to implement a so-called speed bump, in a direct challenge to the Investors' Exchange, the newest U.S. stock exchange. NYSE Group, which is owned by Intercontinental Exchange Inc (ICE), said it plans to change the name of NYSE MKT to the NYSE American, and to add a delay for incoming and outgoing orders and proprietary market data. NYSE said NYSE American will have largely the same mod
  
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• United Tech details engine problems, affirms 2017 forecast

  25-01-2017 17:20 via news.yahoo.com
  
  The new Pratt & Whitney engine, which powers Airbus Group , Bombardier Inc , Embraer SA and other jetliners, represents a major investment for United Tech, which also makes Carrier air conditioners and Otis elevators. Its shares were down 2 percent at $109.30 in morning trading.
  
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• Madoff victims cannot sidestep $7.2 billion settlement: U.S. judge

  25-01-2017 17:17 via news.yahoo.com
  
  A federal judge has blocked litigation that the trustee liquidating Bernard Madoff's firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer's former customers. In a decision made public on Wednesday, U.S. District Judge Gregory Woods in Manhattan said A&G Goldman Partnership and Pamela Goldman cannot pursue a Florida lawsuit to recover $11 billion from the estate of Jeffry Picower, who they say helped perpetuate Madoff's fraud. The decision is a victory for Ir
  
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• Donald Trump Muslim Ban: How Many Refugees Are In The United States? How Many Came From Syria?

  25-01-2017 16:56 via ibtimes.com
  
  In his first week in office, President Donald Trump is set to order a temporary ban on refugees, according to reports Wednesday. He will also block visas being issued from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen -- all countries with heavy Muslim populations.
  
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• BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

  25-01-2017 16:40 via news.yahoo.com
  
  State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent. State Street is the world's No. 2 custody bank with $28.8 trillion in assets under custody and administration.
  
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• Whitney Way Thore Posts Pregnancy Pictures To Instagram After 'My Big Fat Fabulous Life' Season 4 Premiere

  25-01-2017 16:35 via ibtimes.com
  
  After weeks of speculation, it’s true: “My Big Fat Fabulous Life” reality star Whitney Way Thore is pregnant with her first child. The following day, further details about the pregnancy were unknown. 
  
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• Tesla to release 'fully self-driving' mode in 3-6 months: What it means

  25-01-2017 16:24 via techrepublic.com
  
  On Tuesday, Tesla CEO Elon Musk gave a timeline for how soon Teslas will move from 'enhanced autopilot' to 'fully self-driving,' saying that the latter could hit the road by April 2017.
  
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• Future Apple iPhones To Launch With Flexible LCD Panels That Are Made Of Plastic?

  25-01-2017 16:24 via ibtimes.com
  
  This may sound odd, but Apple could be launching iPhones with plastic LCD panels in 2018 and in the future. Its Japanese display provider, Japan Display Inc., has already disclosed details about this transition to manufacturing iPhones with this type of LCD panels. 
  
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• Liberals look to artificial intelligence to boost economy

  25-01-2017 16:22 via cbc.ca
  
  The federal Liberals are expected to use the upcoming federal budget to foster the development of cutting-edge artificial intelligence in the hope it will be a springboard to attracting investment and creating a highly-skilled new sector of jobs.
  
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• Will Donald Trump Torture Terrorists? President May Reopen CIA Black Site Prisons With Executive Order

  25-01-2017 16:21 via ibtimes.com
  
  Among the latest in a sweeping number of executive orders during his first five days in office, President Donald Trump is reportedly prepping a new order that could allow the Central Intelligence Agency to reopen "black site" prisons overseas that were used to house, interrogate and torture suspected terrorists in the advent of the War on Terror, The New York Times reported Wednesday.
  
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• Bella Thorne Fights Back Against Twitter User Who Mocks Her Dyslexia; ‘Doesn’t Matter What You Have,’ Actress Says

  25-01-2017 16:21 via ibtimes.com
  
  Bella Thorne has never been one to shy away from tough issues and has been very open about her struggle with dyslexia. However, when an individual on Twitter decided to tweet some harsh words about the actress’ learning disability, she did not take it lightly.
  The problem started on Tuesday night when a Twitter user tweeted at the “Famous in Love” star. “@bellathorne yeah she’s definitely the type of person where you can just look at her and know she’s dyslexi
  
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• HP Battery Recall 2017: Full List Of Laptop Computers Affected And How To Get A Replacement

  25-01-2017 16:20 via ibtimes.com
  
  HP Inc. has voluntarily recalled more than 100,000 of its batteries designed for several of its laptop notebook computer models over concerns they could overheat and cause damage to other items nearby. The U.S. Consumer Product Safety Commission announced the recall Tuesday.
  The batteries, which were sold between March 2013 and October 2016, are lithium-ion and can be used with six different types of HP laptop computers:
  HP
  Compaq
  HP ProBook
  
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• EU clears Abbott acquisition of Alere subject to divestments

  25-01-2017 16:20 via news.yahoo.com
  
  European Union antitrust regulators cleared Abbott Laboratories' proposed $5.8 billion acquisition of diagnostic test maker Alere on Wednesday, subject to the divestment of some of Alere's operations. The European Commission, which is in charge of competition policy in the European Union, said there were overlaps in analyzers used in testing of blood gases and cardiac markers.
  
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• ‘Fuller House’ Season 3 Spoilers: Everything We Know About The Third Season So Far

  25-01-2017 16:15 via ibtimes.com
  
  The second season of “Fuller House” is in the books, and fans are left with even more questions than they had at the end of Season 2. With Steve (Scott Weinger) preparing to get engaged and DJ (Candace Cameron Bure) waiting for the return of Matt (John Brotherton), DJ and the rest of the family have plenty of uncertainties heading into the next season.
  
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• Exclusive: Germany calls bankers to Frankfurt for Brexit move talks - sources

  25-01-2017 16:13 via news.yahoo.com
  
  By John O'Donnell, Anjuli Davies and Andreas Kröner FRANKFURT/LONDON (Reuters) - German regulators will meet more than 20 foreign banks on Monday to spell out requirements for moving some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans to win over business from London after Brexit. The meeting, the first such gathering of its kind in Germany, is being hosted by financial supervisor Bafin to cope with increasingly detailed inquiries from banks as
  
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• Dropbox bug sends years-old deleted files back to user accounts

  25-01-2017 16:08 via techrepublic.com
  
  A recently discovered bug affecting cloud company Dropbox resulted in data that was supposedly deleted years ago being restored back to user accounts.
  
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• ‘This is Us’ Season 1 Spoilers: How Does Jack Die? Creator Dan Fogelman Teases Big Reveal Down The Line

  25-01-2017 16:04 via ibtimes.com
  
  The pieces of the puzzle are finally starting to come together on this season of “This is Us.” On Tuesday, viewers got a glimpse at Jack’s funeral after learning in Season 1, episode 5 that he was dead.
  
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• What Is Chelsea Houska’s Baby Boy Name Meaning? ‘Teen Mom 2’ Star Cole DeBoer Welcomes Son With Instagram Picture

  25-01-2017 15:55 via ibtimes.com
  
  “Teen Mom 2” star Chelsea Houska and her husband, Cole DeBoer, shared happy news Wednesday. The couple welcomed their first child, a son named Watson Cole. Both of them took to Instagram to share a black-and-white picture of Houska’s manicured hands holding her son’s.
  
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• WWE Royal Rumble 2017: Predictions, Match Card, Preview For Start Of Road To WrestleMania 33

  25-01-2017 15:49 via ibtimes.com
  
  The road to WrestleMania 33 begins Sunday night with the 2017 Royal Rumble. The event will help establish a few of the top matches at the year’s biggest WWE pay-per-view.
  
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