By Makiko Yamazaki TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday it will sell its image sensor business to Sony Corp and overhaul its unprofitable semiconductor businesses as it works to recover from a $1.3 billion accounting scandal. Toshiba will sell its image sensor manufacturing plant in Oita, southern Japan, to Sony by the end of the fiscal year through March and pull out of the sensor business, the
(Reuters) – International Business Machines Corp said on Wednesday it would buy the Weather Company’s digital assets to boost its Watson cloud and Internet of Things platforms. IBM did not disclose the financial terms of the deal, which does not include the Weather Channel. The Weather Channel will use weather forecast data and analytics from IBM under a long-term contract.
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If you’re like most Americans, you have wondered at some point – probably monthly – why your cable bill is so high. And for good reason. The average cable bill in the United States rose 5% in 2012, the latest year available. That’s nearly triple the rate of inflation.
Donald Trump faces the risk that Ben Carson will corner the outsider vote if he wins the Iowa Caucus, former GOP campaign adviser Kevin Hassett says.
China’s economy could overshoot the International Monetary Fund’s forecast and grow close to 7 percent this year although the outlook for the medium term is more uncertain, a senior IMF official said on Wednesday. Changyong Rhee, director of the IMF’s Asia and Pacific Department, said potential spillovers from China to other regional economies were larger than expected. China’s growth rate of 6.9 percent between July and September meant the country
Oil was $2 a barrel higher on Wednesday after the U.S. government reported a crude inventory build squarely within market expectations, extending gains after an earlier rally triggered by what the market described as a big algorithmic trade. The U.S. Energy Information Administration (EIA) said crude stockpiles rose 3.4 million barrels last week, matching analysts’ expectations in a Reuters poll.
Barclays will pay incoming chief executive James “Jes” Staley up to 8.24 million pounds ($12.6 million) a year after appointing the former JPMorgan investment bank boss to one of the most prominent posts in British business. Staley will join Barclays at the start of December, having been widely expected to be appointed after sources and media reports said he had been chosen pending regulatory approval. American-born Staley, 58, faces challenges
Tech companies have faced questions on whether on-demand workers are employees or independent contractors.
Tech companies have faced questions on whether on-demand workers are employees or independent contractors.
