JPMorgan partners with data start-up to boost fixed-income trading JPMorgan partners with data start-up to boost fixed-income trading: The bank, whose fixed-income trading revenue slumped last quarter, has signed a multi-year deal to use Mosaic Smart Data’s technology division globally, the companies said in a joint statement released on Sunday. […]
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Cisco nears deal to acquire BroadSoft Cisco nears deal to acquire BroadSoft: The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify away from its stagnating switches and routers business by giving it a stronger foothold in selling […]
Amazon Studios chief resigns after harassment allegations Amazon Studios chief resigns after harassment allegations: Price went on a leave of absence last week and Albert Cheng, the studio’s chief operating officer, remains interim head of the division, the spokeswoman said. Price did not return requests for comment. Many women have […]
Kobe Steel faked product data for more than 10 years Kobe Steel faked product data for more than 10 years: Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with […]
Asia oil buyers turn to U.S. in hunt for cheap supply Asia oil buyers turn to U.S. in hunt for cheap supply: As many as 11 tankers, partly or fully laden with U.S. crude, are due to arrive in Asia in November, with another 12 to load oil in the […]
Asian shares conquer 10-year peak oil up on Iraq tensions Asian shares conquer 10-year peak oil up on Iraq tensions: Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces […]
Taiwan fines Qualcomm $774 million for antitrust violations Taiwan fines Qualcomm $774 million for antitrust violations: Qualcomm Inc (QCOM.O) faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc […]
Ackman reaches out to ADP retail investors Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the […]
Honeywell spins off units worth $7.5 billion in sales keeps aerospace Honeywell spins off units worth $7.5 billion in sales keeps aerospace, U.S. manufacturer Honeywell International Inc will spin off its home and ADI global distribution business and transportation systems into two independent, publicly-traded companies by the end of 2018, […]
Bankrupt U.S. retailers begin to catch a break Bankrupt U.S. retailers begin to catch a break: An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. The new approach marks […]
