Category: Business

Facebook plans to launch its “news section” in the fall
11. 8. 2019 No Responses

Facebook plans to launch its “news section” in the fall

The social media giant has offered mainstream outlets as much as $3 million per year for the privilege of using their headlines, article excerpts and stories, according to people familiar with the deal who spoke to the Wall Street Journal...
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Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA
8. 8. 2019 No Responses

Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA

Responding to the agency’s stern rebuke, Vas Narasimhan, the company’s executive, tried to reassure investors that Novartis did not intentionally deceive the FDA while seeking approval for its $2.1 million gene therapy. The chief executive of Novartis on W...
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Ryanair pilots vote for strike action
7. 8. 2019 No Responses

Ryanair pilots vote for strike action

UK-based Ryanair pilots have voted to strike in a row over pay and conditions. In July, the budget airline reported a sharp fall in quarterly profits to 21%, due to higher costs for fuel and staff, and reduced ticket prices. The...
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US Treasury declares China ‘currency manipulator’
6. 8. 2019 No Responses

US Treasury declares China ‘currency manipulator’

US Treasury declares China ‘currency manipulator’ after Wall Street suffers worst trading session of 2019. Washington has escalated the trade war with Beijing by accusing China of being a currency manipulator, after a Wall Street stock wipeout by 767 point...
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Elixxir: Privacy Preserving Technology vs. Legislation
5. 8. 2019 No Responses

Elixxir: Privacy Preserving Technology vs. Legislation

Dr. David Chaum – inventor of eCash and founder of DigiCash in 90’s and now CEO of project Elixxir, blogged about Privacy Preserving Technology vs. Legislation. After last spying Apple’s faux pas and spending decades focused on the intersect...
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Verizon Q2 profit beats estimates, CEO thinks half of the US will have access to 5G next year
1. 8. 2019 No Responses

Verizon Q2 profit beats estimates, CEO thinks half of the US will have access to 5G next year

Verizon Communications (VZ) posted better-than-expected second-quarter results on Thursday, with profit boosted by strong wireless subscriber growth as the company ramps up its implementation of next generation, high-speed connectivity. Here are the numbers: E...
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GE Posts Quarterly Loss
31. 7. 2019 No Responses

GE Posts Quarterly Loss

General Electric Co. reported a second-quarter loss and flat sales, but said it was making progress in restructuring its long-struggling and hopeless Power division and raised its full-year financial projections. GE also said its CFO Jamie Miller, will be leav...
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Mylan to merge with Pfizer’s Upjohn
29. 7. 2019 No Responses

Mylan to merge with Pfizer’s Upjohn

Pfizer will combine its off-patent drug business with Mylan. Pfizer shareholders would own 57% of the new company and Mylan’s shareholders would get 43%. The combined company, which will sell Mylan’s EpiPen and Pfizer’s Viagra, will be domiciled in the.....
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Boeing Q2 Revenue Plunges, Missing By $5 Billion
24. 7. 2019 No Responses

Boeing Q2 Revenue Plunges, Missing By $5 Billion

With the storm clouds over the grounded 737 MAX gathering patiently for the past 5 months, it was only a matter of time before the torrential downpour arrived, which it did just before 730am, when Boeing reported shocking numbers, with...
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Harley-Davidson second-quarter profit falls 20%
23. 7. 2019 No Responses

Harley-Davidson second-quarter profit falls 20%

H-D’s motorcycle revenue missed estimates $1.43 billion, versus $1.44 billion expected by analysts. The company reports $195.6 million in net income during the second quarter, versus $242.3 million a year earlier, a nearly 20% drop. H-D’s second-quarte...
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Boeing 737 Max Grounding Charges to Reach $8 Billion
22. 7. 2019 No Responses

Boeing 737 Max Grounding Charges to Reach $8 Billion

The financial fallout from the troubled 737 Max jetliner continues to swell for Boeing, which on Thursday announced $7.3 billion in costs that will hit its bottom line. The price tag could still climb. The Max has been grounded for...
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Chevrolet Corvette C8 Stingray – No Manual Transmission
21. 7. 2019 No Responses

Chevrolet Corvette C8 Stingray – No Manual Transmission

Chevrolet has launched the mid-engine 2020 Corvette C8 Stingray. There were a lot of leaks prior to the launch, but that did not deter the aura of the whole event. The C8 Stingray debuted in California at a standalone event,...
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Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss
18. 7. 2019 No Responses

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss about who actually controls the Libra currency. Rep. Alexandria Ocasio-Cortez and the Facebook exec David Marcus had an enlightening exchange on Wednesday during a hearing with lawmake...
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Now Even Junk Bonds Have Negative Yields
17. 7. 2019 No Responses

Now Even Junk Bonds Have Negative Yields

75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II...
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Boeing and Ryanair quietly rebranded 737 MAX
16. 7. 2019 No Responses

Boeing and Ryanair quietly rebranded 737 MAX

The Boeing 737 MAX has been grounded for months, with no end in sight to the grounding, given that they keep finding problems with the plane. Even once the plane is fixed and certified by the FAA, there will be...
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