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
The San Francisco lender has been using its hefty balance sheet to diversify its business as it braces for a rise in interest rates to cut into demand for home loans. It is unclear when the U.S. Federal Reserve will hike interest rates, but Fed Chair Janet Yellen recently said she supports raising rates this year.
