Posts From King World News
Peter Thiel, the Silicon Valley investor who co-founded PayPal and invested in Facebook in 2004, has now invested in BuildZoom, a Y Combinator-backed startup that helps U.S. customers find contractors for remodeling projects. BuildZoom said on Wednesday it raised $10.6 million in a Series A funding round led by Joe Lonsdale of venture capital firm Formation 8, with participation from Thiel’s Founder’s Fund and Y Combinator, the startup machine behind
By Eric Auchard PARIS (Reuters) – Canon Inc, the world’s biggest maker of cameras and printers, is setting its sights on higher growth fueled by acquisitions as it expands into related markets like video surveillance and medical imaging, Chairman Fujio Mitarai said. As a result the Japanese group has revived a decade-old annual-sales target of 5 trillion yen ($42 billion) and is also aiming to improve its profit margins, despite
By Andrew Chung NEW YORK (Reuters) – Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison’s licensing arm without permission in chips found in many of its most popular devices. The jury in Madison, Wisconsin also said the patent, which improves processor efficiency, was valid. The trial will now move
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The sector has reached what one analyst called “peak negativity,” underperforming the Standard & Poor’s 500-stock index by the most since 1986, when the last supply side-driven crash in oil prices occurred.
George Soros has come under fire in his native Hungary, where politicians have accused him of supporting illegal migration.
“We can deliver stronger financial performance in the short-term simply by running our core business better but that won’t be enough,” Chief Executive Doug McMillon said at an investor meeting in New York. Wal-Mart had previously forecast net sales growth of 1-2 percent for the current year ending January. The company also said it now expected earnings per share to decline by 6-12 percent next fiscal year.
The recently named head of Volkswagen’s North American business won’t be taking up his new job – and has left the company. The announcement comes as Volkswagen faces a scandal over rigging the results …
Simply put, the Democratic front-runner put her competition to shame.
U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about whether the Federal Reserve will raise interest rates this year. “The softness of September’s figures supports our view that the Fed probably isn’t going to hike interest rates until early next year,” said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto. The Commerce Department said retail sales
