Samsung will seek this week to draw a line under the Galaxy Note 7 smartphone safety scandal with the launch of the South Korean technology company’s latest handset, the Galaxy S8. Released last August, the Note 7 was hastily withdrawn after a series of incidents in which the phones caught fire. Samsung expects the debacle, which dealt a severe blow to its reputation, to have cost the […]
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25 March 2017 Atlanta – The Coca-Cola Company today announced a number of senior leadership appointments to drive its ongoing transformation into a growth-oriented, consumer-centered, total beverage company. Key changes, which will be effective when President and COO James Quincey becomes Chief Executive Officer on May 1, include: Combining Global Marketing, Customer and Commercial Leadership, and Strategy into one combined function under the leadership of a new […]
It’s a little weird to think of India and China as buddies. There has been at least a half-century of rank hostility between the two most populous nations in the world, ostensibly kicking off when India gave the Dalai Lama refuge, post the Chinese invasion of Tibet. A short but debilitating border war in 1962; claimed occupation of territories by both sides; China’s alliance with Pakistan and […]
DUBAI // Style and elegance were the order of the day for the thousands of spectators who defied a barrage of rain to witness the Dubai World Cup at Meydan on Saturday. Upwards of 60,000 people gathered and millions more watched on television the world’s richest race day, when Arrogate underline its status as the world’s highest-rated horse by scooping the US$10 million (Dh36.7m) Dubai World Cup […]
Authored by Johnny Hopkins via The Aquirer’s Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most […]
LONDON Thousands of people marched through London on Saturday to protest against Britain leaving the European Union, just four days before Prime Minister Theresa May launches the start of the formal divorce process from the bloc it joined 44 years ago. The Unite for Europe march was due to end with a rally in Parliament Square, scene of this week’s attack by British-born Islam convert Khalid Masood […]
Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]
Emaar Malls has bid up to $800 million to take over e-commerce giant Souq.com, sources familiar to the offer have have confirmed to Arabian Business. Last week Amazon agreed in principle to a 100 percent takeover of Souq.com, in a deal believed be worth around $580m. The Emaar offer for $800 million is thought to have included a $500 million convertible deposit. However, it is understood that […]
By James Oliphant | WASHINGTON WASHINGTON In the end, the Closer couldn’t close the deal. For President Donald Trump, the collapse on Friday of his first legislative priority, a healthcare reform bill, was an embarrassing loss of face after he and his administration insisted up until the time of the vote by the U.S. House of Representatives that there was enough Republican support. It brings into question […]
Continue reading the main story “There are other people on the battlefield, too,” he said. “It’s close quarters.” American officials said that even the timing of the strike was still in question. Col. Joseph E. Scrocca, a spokesman for the American-led command in Baghdad, said in a statement Friday that the strike under investigation happened between March 17 and Thursday. Continue reading the main story The civilian […]
Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher. Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better assess what products are selling and where there are market inefficiencies. CEO Dean Stoecker touted a […]
Shares in one of China’s largest dairy groups plunged more than 90 per cent on the Hong Kong stock exchange on Friday, knocking $4.1bn from its market capitalisation. China Huishan Dairy Holdings was granted a trading suspension after its shares saw one of the biggest drops in the exchange’s history, cutting its market capitalisation from $4.85bn to $750m and likely causing paper losses for investors including BlackRock and Vanguard. Hong Kong’s bourse […]
AMSTERDAM A team of executives from U.S. paint maker PPG (PPG.N) left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival. PPG’s public relations blitz followed Akzo’s rejection of a March 20 takeover offer, a decision which has raised protests from shareholders who say the U.S. company’s bid deserves […]
Last year, Donald Trump won the election for president by bemoaning the disappearance of the American factory and pledging to bring back manufacturing from other countries. Now in power, he might have to start worrying about the decline of another traditional pillar of the US economy — the American shopping mall. Fears that the rise of online shopping will lead to substantial dislocation in the retail sector […]
Chinese oil companies are turning their focus to overseas retail and services markets, as slowing growth in domestic fuel demand makes their traditional home market less attractive. Sinopec this week agreed to buy Chevron’s 75 per cent stake in a Cape Town refinery, affiliated service stations and convenience stores in South Africa and Botswana for $900m. It was the only remaining bidder after a year-long tender process. […]
Trailing by three, Clemson was driving against Alabama late in a pulsating, nerve-racking College Football Playoff championship game. Deadline for The Washington Post’s Chuck Culpepper meant filing almost immediately after the game ended. Culpepper looked at his computer, and only a couple of paragraphs stared back at him. Did he panic, knowing he had to generate an entire story on a close game in a matter of […]
Done betting, Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba became the first major international player to enter Southeast Asia, a region with more than 600 million cumulative consumers, when it bought a majority stake in Lazada, the Rocket Internet-backed venture, nearly one year ago. Amazon, Alibaba’s key foe in India, is […]
China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP’s (BX.N) 21 percent stake in SeaWorld Entertainment Inc (SEAS.N), the embattled U.S.-based marine park operator said on Friday. SeaWorld said Zhonghong Group would buy the stake for $23 per share, a premium of nearly 33 percent to the stock’s close on Thursday. Zhonghong Group – a diversified holding company for investments in real estate, leisure and […]
At the start of the year, I was part of a panel that aimed to offer career guidance to graduating students at a local secondary school in Singapore. The panel dished out the usual advice about the need to have passion, work hard, and always strive to do better. A student then posed a question that struck a chord: “How can I ensure the skills I learn […]
Abu Dhabi investment firm Waha Capital is in talks with potential partners in Saudi Arabia as it looks to diversify investment in some key sectors outside the United Arab Emirates (UAE), its chairman said. Saudi Arabia is opening its economy to foreign investment as part of its 2030 vision whereby the Middle Eastern country will rely less on oil and create more jobs for its citizens. Waha […]
Breaking news. (photo credit:JPOST STAFF) MANILA – Philippine President Rodrigo Duterte hit out at the European Union on Friday for hypocrisy and called the bloc “sons of bitches” after its lawmakers issued a resolution calling for restraint and a rethink in his bloody war on drugs. Duterte castigated the EU for urging him to focus his campaign on drugs rehabilitation and stood by his security-centered […]
A person who sticks to a healthy lifestyle — doesn’t smoke, doesn’t eat processed foods, stays fit with regular workouts, steers clear from carcinogens — and who has no known family history of the disease can get the big C. But why? 66 Percent Of Cancers Due To DNA Errors Scientists at Johns Hopkins Kimmel Cancer Center shed light on this topic with their new study suggesting that […]
Scientists report data from a new study providing evidence that random, unpredictable DNA copying ‘mistakes’ account for nearly two-thirds of the mutations that cause cancer. Their research is grounded on a novel mathematical model based on DNA sequencing and epidemiologic data from around the world. (via WSJ)
