Posts From King World News
By Julia Love SAN FRANCISCO (Reuters) – Apple Inc’s aggressive recruitment of auto experts as it explores building a car has left a promising, if financially troubled, electric motorcycle startup in the dust. Mission Motors, whose sleek electric bikes drew comparisons to Tesla’s cars, ceased operations in May after losing some of its top engineering talent to Apple, according to sources close to Mission. Although it has never openly acknowledged
By Deborah Todd SAN FRANCISCO (Reuters) – Google Inc announced on Monday that it will offer its Apps for Work suite free to businesses currently locked into agreements with other office software vendors. Normally, businesses pay $5 per user per month for a basic version of Apps for Work or $10 per user per month for one with more advanced features, such as increased storage and an email archive. Google
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This year has more closely resembled 2011 – a mostly sideways crawl as stocks digested prior years’ gains, until global credit and growth anxiety smothered fragile risk appetites that summer.
Sentiment jumped 3 points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Google is escalating an attack on Microsoft’s lucrative Office software in an attempt to hit its longtime rival where it will hurt the most. The assault is targeting companies and government agencies paying …
The battered and bruised oil industry could see some upside in the medium term, according to Michele Della Vigna at Goldman Sachs.
The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year.
Morgan Stanley’s profit slumped for the second straight quarter, as uncertainty about the timing of a U.S. interest rate hike and worries about China’s cooling economy sent shudders through global markets. Chief Financial Officer Jonathan Pruzan offered a subdued outlook for the current quarter, although he said there had been a modest rebound in global markets. Financial markets have been on tenterhooks for months, trying to gauge when the U.S.
Oprah Winfrey is paying about $43.2 million for a 10 percent stake in Weight Watchers and is joining the weight management company’s board. Shares of Weight Watchers nearly doubled after the deal was announced. …
