China's U.S.-listed Internet firms are in a fund-raising frenzy, with bonds offering investors another way into the sector. But Breakingviews' Peter Thal Larsen wonders if now is the time to buy.
IBM says that it has saved millions of dollars by getting employees to use Apple Macs rather than Windows PCs, as Windows machines apparently cost three times more in support than Macs. Fletcher Previn, IBM's vice president of workplace as a service, is essentially the head of the conglomerate's IT department, and after years of experience in managing Windows PCs for large corporations, he decided things needed to change. In October 2015, Previn told the Jamf 2015 conference audience that 30,000 IBM employees were now using Macs, and when it came to support for employee computers, while 40% of all Windows users required someone to be sent out to fix the problem in person, which costs a lot more than a support call, in comparison, the same level of assistance was only required by 5% of Mac users. IBM's employees and contractors in North and South America, Europe, China, India, Asia Pacific, Middle East and Africa are using about 604,000 laptops, consisting of 442,000 Windows PCs, 90,000 Macs and 72,000 Linux PCs, and each of the operating systems have separate customer support and firmware needed.
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
Airbnb is also engaged in a pitched battle in its home of San Francisco, where the company has also sued to block a new requirement that it reject booking fees from property owners who have not registered with the city. The New York and San Francisco legal fights are a crucial test of Airbnb’s business model. Other cities looking to rein in Airbnb are watching the San Francisco proceedings and looking to the city's law as a potential model, said James Emery, deputy city attorney of San Francisco.
Sequoia Capital has brought aboard Jess Lee as its eleventh investing partner in the U.S., becoming the firm’s first senior female U.S. investor in its 44-year-old history. Lee was a former Google product manager turned CEO of the fashion site Polyvore, which was acquired for $230 million in cash by Yahoo last year. She had stayed on with Yahoo, which is now being sold, maybe, to Verizon, the parent company of TechCrunch. Lee seemed to demonstrate a strong eye for startups long ago. Indeed, in 2008, as an avid user of Polyvore, which was then just months old, Lee wrote to its founder, Pasha Sadri, with whom she shared mutual friends. After offering him her unsolicited feedback via email about
Oct. 21 -- Donald Dee, president of the Employers Confederation of the Philippines, discusses Rodrigo Duterte's plans with China, his separation from the U.S. and the outlook for the peso. He speaks to Bloomberg's Haidi Lun and Rishaad Salamat on "Bloomberg Markets."
President Barack Obama in a speech in Florida on Thursday defended his signature healthcare law, touting its benefits while attacking Republicans for opposing it. Obama hit on the various benefits of the Affordable Care Act, more commonly known as Obamacare, such as allowing children to stay on their parents' health insurance until age 26 and preventing insurers from denying people with preexisting conditions. "You're getting better quality, even though you don't know that Obamacare is doing it," Obama said.
Q.: I want to retire at 55 and was under the impression I had to wait until I was 59½ years old to avoid the 10% early withdrawal penalty on my retirement savings. A.: 403(b) plans are retirement savings accounts for certain employees in the nonprofit sector and public schools. “That’s something a lot of people don’t understand,” says Mike Piershale, president of Piershale Financial Group in Crystal Lake, Ill.
Year to date, shares of Alibaba (BABA) are up 28%. The stock has shaken off the doubters and short-sellers and is less than 6% from its all-time high. Can this stock go higher into the November earnings report? After the gigantic IPO of Alibaba, the stock was knocked for a loop. Doubters and short-sellers clobbered the shares. The company has been accused of accounting irregularities almost from day one. But it seems like the stock has put those worries in the rear view mirror and investors are starting to gain more confidence in the company. On Aug. 11, Alibaba blew out first-quarter fiscal 2017 results. The company reported earnings per share of 74 cents, 11 cents ahead of the consensus. Revenue
Offshore drilling has by far been among the worst hit segments of the oil and natural gas industry by a prolonged commodity downturn. Now with oil prices bubbling over the psychologically significant $50 per-barrel mark, industry followers see a wave of M&A as the next potential catalyst to turn the space around. Atwood Oceanics ( (ATW) ) and Rowan ( (RDC) ) are two offshore drilling services providers that would make tasty morsels for some of their peers, particularly those companies who have larger market caps or older fleets, Stephens analyst Matthew Marietta told The Deal in a phone interview. To be sure, Atwood Oceanics is a fan favorite when it comes to takeover talk. Tudor, Pickering,
Mirror, mirror on the wall, which asset is most mispriced of all? According to a Goldman Sachs alum who predicted the financial crisis in 2008, it’s gold. The precious metal should be a lot more expensive when the likelihood of a global financial collapse and a move toward negative interest rates is accounted for, says Global Macro Investor founder Raoul Pal, who now sees a U.S. recession within 12 months. Recent losses for gold may have dented investor confidence. Gold GCZ6, -0.09% is up 18% this year, but the first full week of October marked its worst seven-day performance in over three years; it also posted a three-month loss of nearly 6% on a continuous basis. Uncertainty about Brexit and
British American Tobacco (BATS.L) has offered to buy out U.S. cigarette maker Reynolds American Inc (RAI.N) in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The cash-and-stock deal would mark the return of BAT to the lucrative and highly regulated U.S. market after a 12-year absence, making it the only tobacco giant with a leading presence in American and international markets. A Reynolds takeover by BAT, which already owns 42 percent of the U.S. group, has long been seen as part of an inevitable wave of global consolidation in a mature industry.
It's no surprise there are misconceptions surrounding credit reports and credit scores. Simply having credit card debt does not do direct damage to your credit scores — it's how you handle that debt that is impactful. For example, if you aren't paying your statements on time, your credit scores will take a hit.
Influential short-seller Jim Chanos, who runs hedge fund Kynikos Associates, has been betting against two companies founded by billionaire serial entrepreneur Elon Musk — Tesla Motors (TSLA) and SolarCity (SCTY). “The fact of the matter is this is a company — in Tesla’s case — that’s now really going to need to step up the production.
A 50-year-old woman who died after a car wreck last month in California is the 11th U.S. victim of Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration confirmed the woman's death on Thursday but didn't release her name. Up to five people also may have been killed by the air bags in Malaysia, bringing the number of deaths globally to as many as 16.
Apple says it has been buying Apple chargers and cables labeled as genuine on Amazon.com and has found nearly 90 percent of them to be counterfeit. The revelation comes in a federal lawsuit filed by Apple against a New Jersey company on Monday over what Apple says are counterfeit products that were sold on Amazon. In the lawsuit, Apple says Mobile Star imprinted Apple logos on cables and chargers that "pose a significant risk of overheating, fire, and electrical shock." It says the chargers and cables were being sold on Amazon as genuine Apple products.
AT&T and Time Warner are beginning talks for a potential merger, according to a report from Bloomberg. Bloomberg reported senior executives from both companies have met to discuss business strategies including talks of a potential merger. The talks were "informal" at this time and no financial advisers have been hired, the sources said. Sources previously told CNBC that AT&T was in the market to purchase a media property soon. In order to stay competitive with the likes of Verizon and Comcast, the telecommunications company needs to move into the media space. Doing so would give it the resources to become an advertising giant, because it would own not only Internet and cable access but content
Microsoft shares popped up to an all-time high of above $60 on Thursday as strength in its cloud business helped propel it past Wall Street financial targets in its fiscal first quarter. Microsoft stock was up over 5% on the solid beat on the top and bottom lines in after-hours trading. Investors are looking for signs of continued growth in Microsoft's all-important cloud computing businesses, as it shifts away from selling boxed software and into a subscription- and usage-based billing model.
Great America PAC on Thursday night erroneously published the credit card numbers and expiration dates belonging to 49 donors, a Center for Public Integrity review of its latest Federal Election Commission campaign finance disclosure discovered. The screw-up comes one month after the super PAC, which aims to “help grow the burgeoning movement behind Donald Trump and merge the grassroots with the business community,” mistakenly revealed the personal cell phone numbers and/or email addresses of 336 of its donors. Great America PAC treasurer Dan Backer, upon being informed by the Center for Public Integrity of his organization’s mistake, said the likely culprit is “an isolated software glitch in an otherwise automated process” involving data transfers between the PAC and a contractor that helps manage the group’s finances.
NEW YORK (Reuters/IFR) - The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit. Some $128 billion of commercial real estate loans - more than one-quarter of which went to finance malls a decade ago - are due to refinance between now and the end of 2017, according to Morningstar Credit Ratings. Wells Fargo estimates that about $38 billion of these loans were taken out by retailers, bundled into commercial mortgage-backed securities (CMBS) and sold to institutional investors.
You can make a lot of mistakes in your youth … and assuming none of them get you killed or put in prison, you can generally recover from them. Time is on your side. But the closer you get to retirement, the less room for error you have. You can make a lot of mistakes in your youth … and assuming none of them get you killed or put in prison, you can generally recover from them. Time is on your side. But the closer you get to retirement, the less room for error you have. As your nest egg gets larger, investing mistakes cost you a lot more. Think about it. If you lose 30% on a $10,000 portfolio, you’re out $3,000. That might be a single after-tax paycheck when you’re young. But imagine losing 30%
Target is recalling Halloween-themed LED gel decorations that stick to windows and light up because parts can be ingested by children. Other recalled consumer products this week include circular saws, lawnmowers and rice and slow cookers
The U.S. economy is "well-positioned" for a rate increase, a central bank policymaker said on Friday, adding that he personally wanted the Federal Reserve to have raised rates last month. "This year would be good" for a U.S. interest-rate increase, San Francisco Federal Reserve Bank President John Williams told reporters after a speech at the Federal Home Loan Bank of San Francisco member conference.
India’s quest to become a cashless economy has been dealt a blow by a data breach that compromised as many as 3.2 million debit cards. Prime Minister Narendra Modi urged Indians in a radio address in May to use cashless payments to discourage corruption and keep track of money. Convincing them may get harder after India’s national card payments network said that the data violation led to fraudulent transactions, mainly in China and the U.S.
Twitter's stock finished Friday's regular trading session up 7% as a new round of acquisition rumors sparked investor hopes that the struggling social network will be sold. Japan's Softbank is the latest putative bidder for Twitter. Barron's Tech Trader Daily blog mentions the rumor, which it traces back to Flyonthewall.