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  • Telefónica seeks O2 engagement

    Telefónica seeks O2 engagement

    January 21, 2015 Harry Joiner
    Concerns rise about owning a shrinking mobile-only business as rivals bolster broadband and TV Source: Companies
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    January 21, 2015Telefónica seeks O2 engagement
    Obama Seeks to Burnish His Climate Legacy, But Will His Oil and Gas Policies Haunt Him?

    Obama Seeks to Burnish His Climate Legacy, But Will His Oil and Gas Policies Haunt Him?

    January 21, 2015 Harry Joiner
    In at least three previous State of the Union speeches, President Barack Obama placed great emphasis on his "all of the above" energy strategy — one that includes both aggressive pursuit of…
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    January 21, 2015Obama Seeks to Burnish His Climate Legacy, But Will His Oil and Gas Policies Haunt Him?
    Windows 10's Cortana: A Solution Without A Problem?

    Windows 10's Cortana: A Solution Without A Problem?

    January 21, 2015 Harry Joiner
    A large focus of Microsoft's press event today other than high-concept holograms and Windows 10 itself was the personification of the OS, Cortana. We've seen the Halo-themed AI (complete with original…
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    January 21, 2015Windows 10's Cortana: A Solution Without A Problem?
    Microsoft Augments Reality With Windows Holographic

    Microsoft Augments Reality With Windows Holographic

    January 21, 2015 Harry Joiner
    Microsoft debuted its new augmented reality tech at the Windows 10 live event today. Source: Technology
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    January 21, 2015Microsoft Augments Reality With Windows Holographic
    With Windows 10 You Can Stream Any Xbox One Game To Your PC Or Tablet

    With Windows 10 You Can Stream Any Xbox One Game To Your PC Or Tablet

    January 21, 2015 Harry Joiner
    Xbox One users are gaining the ability to stream any Xbox One game to an in-network tablet or PC running Windows 10. Source: Technology
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    January 21, 2015With Windows 10 You Can Stream Any Xbox One Game To Your PC Or Tablet

‘A crammed diary controls you’

October 26, 2014 by Harry Joiner - Add Comment
Productivity tips from the top of the advertising industry Source: Management
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John Caudwell, billionaire on a budget

October 26, 2014 by Harry Joiner - Add Comment
The charity-focused tycoon is camping out in a mansion, upset by the plight of his old company Source: Management
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Extreme exercise fad has gone too far

October 26, 2014 by Harry Joiner - Add Comment
Sport does not broaden an executive’s worldview. Virtually everything else does Source: Management
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UPDATE 1-Deutsche Bank lawyer found dead by suicide in New York

October 25, 2014 by Harry Joiner - Add Comment
* Gambino negotiated on Libor, currency probes (Updates with confirmation of death; Deutsche Bank statement) Source: Financials
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UPDATE 2-Jordan's Arab Bank starts appeal against Hamas finance ruling

October 25, 2014 by Harry Joiner - Add Comment
AMMAN, Oct 25 (Reuters) – Jordanian lender Arab Bank Group said its had begun legal steps to appeal a U.S. jury ruling which found it liable for financing Islamic militant group Hamas. Source: Financials
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UPDATE 1-Jordan's Arab Bank 9 month net profit up 10 pct

October 25, 2014 by Harry Joiner - Add Comment
AMMAN, Oct 25 (Reuters) – Jordanian lender Arab Bank Group’s said its nine-month net profit rose 10 percent to $614 million compared to last year, attributing it to a diversified portfolio with growth in key markets and a prudent risk strategy. Source: Financials
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Jordan's Arab Bank 9 month net profit up 10 pct

October 25, 2014 by Harry Joiner - Add Comment
AMMAN, Oct 25 (Reuters) – Jordanian lender Arab Bank Group’s said its nine-month net profit rose 10 percent to $614 million compared to last year, attributing it to a diversified portfolio with growth in key markets and a prudent risk strategy. Source: Financials
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Greybull Capital buys UK's Monarch

October 25, 2014 by Harry Joiner - Add Comment
LONDON, Oct 25 (Reuters) – British holidays and airline company Monarch has been acquired by investment firm Greybull Capital which will pump 125 million pounds ($201 million) into the company as it turns itself into a budget airline. Source: Financials
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Monarch Group sale saves 2,500 jobs

October 24, 2014 by Harry Joiner - Add Comment
Travel company put in hands of Turnround specialist Greybull Source: Companies
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Rometty’s task at IBM becomes more urgent

October 24, 2014 by Harry Joiner - Add Comment
Cloud computing stumble is a career-defining challenge for a CEO in a hurry Source: Companies
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ECB stress test likely to snare 25 lenders

October 24, 2014 by Harry Joiner - Add Comment
About 10 banks with shortfalls may still need extra capital Source: Companies
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Deutsche Bank to set aside nearly €1bn

October 24, 2014 by Harry Joiner - Add Comment
Lender warns damage from global probes could have a material impact Source: Companies
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Mad Men network says BBC deal makes sense

October 24, 2014 by Harry Joiner - Add Comment
US TV company AMC Networks pays $200m for 49 per cent of the UK broadcaster’s US channel Source: Companies
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UPDATE 1-UniCredit in exclusive talks with Prelios-Fortress over bad bank sale – sources

October 24, 2014 by Harry Joiner - Add Comment
MILAN, Oct 24 (Reuters) – UniCredit has entered final phase talks to sell its debt recovery unit and a chunk of bad debt, two sources close to the matter told Reuters on Friday, a move aimed at strengthening its balance sheet and freeing up funds for new lending. Source: Financials
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Spain's Aena to file IPO prospectus next Friday -official source

October 24, 2014 by Harry Joiner - Add Comment
MADRID, Oct 24 (Reuters) – Spanish state-owned airports operator Aena will file its initial public offering prospectus next Friday, one week later than initially scheduled, but will stick to its planned Nov. 12 stock market debut, an official source at the company told Reuters. Source: Financials
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International financial watchdog warns on Iran, North Korea

October 24, 2014 by Harry Joiner - Add Comment
PARIS, Oct 24 (Reuters) – An international financial watchdog said on Friday member states should take action to ward off risks emanating from Iran and North Korea, which it said had failed to tackle money-laundering and financing of terrorism. Source: Financials
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U.S. Steel Earnings Preview: Higher Steel Prices And Cost Savings To Boost Results

October 24, 2014 by Harry Joiner - Add Comment
A better pricing environment for steel in North America in the third quarter of this year, as compared to the corresponding period a year ago, will boost the results of the company?s Flat-rolled Products segment, which accounted for two-thirds of the company?s revenues in 2013. Planned maintenance activity in the third quarter will affect production volumes and raise repair and maintence costs for the U.S. Steel Europe segment. Results for the Tubular Products segment will suffer in the third quarter, as competition from imported oil country tubular goods (OCTGs) has diminished realized prices and margins for this segment. Source: Markets
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UPDATE 1-Bond investors take fright at Tesco's fall from grace

October 24, 2014 by Harry Joiner - Add Comment
* Shares down a further 1.3 pct at market close (Adds funding detail, downgrade reaction) Source: Financials
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Saudis Vs Oil Markets: Who's Playing Whom?

October 24, 2014 by Harry Joiner - Add Comment
Oil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at. Based on conventional wisdom, past moves and motives, Saudi Arabia should lower production to stem the oil price decline. Source: Markets
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UPDATE 1-S&P affirms Russia's sovereign rating a notch above junk

October 24, 2014 by Harry Joiner - Add Comment
MOSCOW, Oct 24 (Reuters) – Standard & Poor’s ratings agency affirmed Russia’s sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. Source: Financials
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Twitter Pre-Earnings: Strong Growth In Monetization And Active User Base Is Expected

October 24, 2014 by Harry Joiner - Add Comment
We believe that, in the third quarter earnings release, the company will continue to report strong growth across most metrics, along with improvement in non-GAAP profitability margins. However, in the long run, we believe Twitter will have to show massive growth in its active user base and bring its monetization rates to levels comparable to its industry peers to justify the current market valuation. Source: Markets
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Anadarko's Third Quarter Earnings Likely Driven By Higher Production, Lower Oil Prices

October 24, 2014 by Harry Joiner - Add Comment
We expect lower crude oil prices to weigh on the company?s year-on-year earnings growth. The average West Texas Intermediate crude oil spot price declined by almost 8% year-on-year during the third quarter on rising supplies and falling global demand growth estimates. However, spot Henry Hub natural gas prices were up more than 11% y-o-y during the last three months, which should partially offset the impact of lower crude oil prices. In addition to higher natural gas prices in the U.S., we expect Anadarko to also benefit from better sales volume mix compared to last year. Source: Markets
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Merck Earnings Preview: Expect Continued Pressure On Topline Growth

October 24, 2014 by Harry Joiner - Add Comment
Merck will release its Q3 2014 earnings on October 27th. While we expect a continued decline in legacy products, revenues from its diabetes, drugs as well as anti-infective medicines and Remicade, will continue to grow. The story for Merck is simple. The company, like many other big pharmaceutical firms, is battling revenue growth due to the loss of patent exclusivity for its key drugs. As a result, it is pegging its future hopes on developing therapeutic agents for cancer- and hepatitis C-related markets. Meanwhile, its drugs catering to immunology, diabetes and infectious diseases continue to carry it along. Source: Markets
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UK drugmakers show standalone strength

October 24, 2014 by Harry Joiner - Add Comment
Shire reports record results; AstraZeneca wins backing for new cancer drug Source: Companies
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Week in Review, October 25

October 24, 2014 by Harry Joiner - Add Comment
Total chief killed in crash; also news on Yahoo, Libor and Tesco Source: Companies
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Week's Winners and Losers: Tough Sell for Some Gadgets

October 24, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Technology, Earnings, Market News, Investing 3dsystems.com3D Systems made these sugar cubes with a 3-D printer There were plenty of winners and losers this week, with a leading toy maker posting strong growth across its product lines and one of this year’s most hyped smartphone rollouts struggling to connect with consumers. Here’s a rundown of the week’s smartest moves and biggest blunders. Fire Phone — [...]
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As Multiplexes Slump, IMAX Thinks Big, and Grows Bigger

October 24, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Earnings, Industry News, Entertainment Industry, Investing www.imax.com Americans aren’t going to the movies the way we used to. There were 1.34 billion multiplex tickets sold in this country last year. That’s a big number, but attendance has generally been shrinking since peaking at 1.58 billion in 2002. In fact, over the past 15 years there has only been one year — 2011 — [...]
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Can a Former Home Depot Exec Renovate J.C. Penney?

October 24, 2014 by Harry Joiner - Add Comment
Filed under: JC Penney, Retail, CEOs, Stores, Investing Mark Lennihan/AP Marvin Ellison, the incoming boss of J.C. Penney (JCP), has a big project ahead of him in renovating the troubled 112-year-old department store chain. Since 2007, when the stock hit a high of $82.16, to its recent closes at about $7, the company has reported quarter after quarter of millions in losses, a [...]
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UPDATE 2-Fed to host meeting with regional bank CEOs to discuss regulatory relief

October 23, 2014 by Harry Joiner - Add Comment
(Rewrites throughout, adds comments from previous Tarullo speeches and testimony) Source: Financials
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BRIEF-Brederode says Q3 new commitments amount to 28 mln euros

October 23, 2014 by Harry Joiner - Add Comment
* Says new commitments made in Q3 amount to 28 million euros bringing FY total to 105 million euros Source: Financials
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Tesco waits before setting out stall

October 23, 2014 by Harry Joiner - Add Comment
Supermarket group lays bare scale of probe into accounting scandal but keeps quiet on strategy Source: Companies
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Four funds vie for $400 mln luxury paintmaker Farrow & Ball -sources

October 23, 2014 by Harry Joiner - Add Comment
LONDON, Oct 23 (Reuters) – American buyout firms Carlyle and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, several sources familiar with the situation said. Source: Financials
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Spain's Bankia says signs loan portfolio sale worth 772 mln eur

October 23, 2014 by Harry Joiner - Add Comment
MADRID, Oct 23 (Reuters) – Spanish nationalised lender Bankia said on Thursday it had sold a loan portfolio worth 772 million euros ($976.4 million), almost all of which was comprised of non-performing loans. Source: Financials
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BRIEF-Solucom announces merger talks with Audisoft Oxea

October 23, 2014 by Harry Joiner - Add Comment
* Says to be in in merger talks with Audisoft Oxea, a management consulting firm specialised in the banking sector Source: Financials
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Market Wrap: Higher Corporate Profits Propel Stocks Upward

October 23, 2014 by Harry Joiner - Add Comment
Filed under: Earnings, Market News, Global Economy, Investing Justin Sullivan/Getty ImagesA Caterpillar construction vehicle. The company reported strong third quarter earnings of $1.1 billion, or $1.63 a share compared to $946 million, or $1.45 a share, one year ago. By STEVE ROTHWELL NEW YORK — A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday. Caterpillar (Read Full Article →

Caterpillar upbeat on growth prospects

October 23, 2014 by Harry Joiner - Add Comment
Heavy equipment maker’s optimism based on change of tack in developed economies Source: Companies
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Janus Capital warns of higher pay costs

October 23, 2014 by Harry Joiner - Add Comment
Asset manager calls hire a ‘game changer’ Source: Companies
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Embraer encounters Chinese turbulence

October 23, 2014 by Harry Joiner - Add Comment
Beijing’s spending crackdown is hitting the Brazilian group’s successful business jet arm Source: Companies
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If Everybody Hates Yelp, Why Is It Still Growing?

October 23, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Technology, Earnings, Internet, Investing www.yelp.com Shares of Yelp (YELP) opened sharply lower on Thursday. The website that prides itself on user-submitted reviews of local establishments posted blowout quarterly results, but any good sentiment there was washed out by a weak outlook for the current quarter. It was a strong third quarter. Revenue soared 67 percent over the prior year’s [...]
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Brazilian bidders lift offer for Chiquita

October 23, 2014 by Harry Joiner - Add Comment
Safra and Cutrale families say proposal offers more value than Chiquita’s merger agreement with Dublin’s Fyffes and faces no regulatory hurdles Source: Companies
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BlackBerry's New Phone Is Square, Hip and Surprisingly Hot

October 23, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Technology, Market News, Electronics, Investing Sajjad Hussain/AFP/Getty ImagesBlackBerry executive Sunil Lalvani shows off the new Passport. A new smartphone was launched on the market to much fanfare recently. It promised a host of new features, came in a new size and was powered by the freshest version of its company’s operating system. No, we’re not talking Apple’s (AAPL) [...]
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Will Rising Profits Help GM Cruise Past Its Recall Fiasco?

October 23, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Earnings, General Motors, Automotive Industry, Investing General MotorsThe 2014 Chevrolet Silverado was a strong seller for GM, without the incentives that the model has needed in recent years. General Motors (GM) reported a third-quarter profit that beat estimates Thursday, thanks in part to strong U.S. sales of pickup trucks and sport utility vehicles. Excluding some one-time items, [...]
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Can we give kisses a miss in finance?

October 23, 2014 by Harry Joiner - Add Comment
Pecks on the cheek are surprisingly rife in the City Source: Management
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Apple Pay: revolution at the tills

October 23, 2014 by Harry Joiner - Add Comment
Apple’s digital payment service may succeed where other mobile wallets have failed Source: Management
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Three generations in one office

October 23, 2014 by Harry Joiner - Add Comment
How do millennial, Generation X and baby-boomer colleagues feel about their jobs? Source: Management
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Yahoo CEO Defends Strategy in Face of Criticism

October 23, 2014 by Harry Joiner - Add Comment
Filed under: Technology, Yahoo, Internet, CEOs, Investing Simon Dawson/Bloomberg via Getty Images Yahoo CEO Marissa Mayer By MICHAEL LIEDTKE SAN FRANCISCO — Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction. Mayer staunchly defended her strategy during a Tuesday presentation that addressed recent criticism leveled by activist investor Starboard Value, [...]
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Halloween Is Raking in Scary Profits for Theme Parks

October 23, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Market News, Industry News, Entertainment Industry, Investing www.halloweenhorrornights.com There was a time when this was the sleepy part of the calendar for amusement parks. With summer vacationers back in school, seasonal parks went into hibernation. The year-round parks tried to make the most of the off-season, wooing foreigners and conventions who don’t necessarily hew to the same seasonal tendencies as stateside teens [...]
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Facebook pays minimal UK tax

October 22, 2014 by Harry Joiner - Add Comment
World’s largest social networking avoids British taxman by basing European HQ in Dublin Source: Companies
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Lloyds to unveil 9,000 job cuts

October 22, 2014 by Harry Joiner - Add Comment
Attempt to to make biggest retail lender more digitally focused Source: Companies
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UPDATE 1-UK's Lloyds to cut 9,000 jobs over next 3 years -sources

October 22, 2014 by Harry Joiner - Add Comment
* Lloyds to announce plans to close some branches -sources Source: Financials
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