business Archive

Alphabet to differ from Apple with single operating system, sources say

Source photo Alphabet Inc.’s GOOG, +0.56% GOOGL, +1.08% Google plans to fold its Chrome operating system for personal computers into its Android mobile-operating system, according to people familiar with the matter, a sign of the growing dominance of mobile computing. Google engineers have been working for roughly two years to combine the operating systems and [&hellip

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What will Yahoo cut next?

Source photo As Yahoo Inc. prepares to spin out the its last of its Alibaba Group Holding Ltd. stock and focus on the lackluster financial results of its core business, it is also preparing investors and employees for yet another round of product closures and potentially layoffs. CEO Marissa Mayer is apparently ready to cut [&hellip

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24 cities in emerging markets that are becoming the next generation of financial powerhouses

  The Global Financial Centres Index was last published in March, when we profiled some of the centres that have expanded at the fastest pace since 2010. This time, we looked at the overall rankings, showing that London unseated New York for the number one spot this year. Now we’re looking at which cities rank [&hellip

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Metals Stocks: Gold futures retreat after last week’s gain

Gold futures fell on Monday, set to give back some of last week’s sizable gains as prospects for a U.S. interest-rate hike in October helped provide a lift to the U.S. dollar and equities, dulling investment demand for the precious metal. December gold GCZ5, -0.54%  lost $6.50, or 0.6%, to $1,131.30 an ounce on Comex. [&hellip

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HP says to cut 25,000 to 30,000 jobs in enterprise business

Hewlett-Packard Co said it expects to cut 25,000 to 30,000 jobs as part of its restructuring and cost-saving efforts at it enterprise services business. HP is splitting into two listed companies later this year, separating its computer and printer businesses from its faster-growing corporate hardware and services operations. Read More

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Oil prices dip as demand stalls, but U.S. supported by rig cut

Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures were down 37 cents at $47.77 per barrel at 0535 GMT. U.S. crude futures dipped 6 cents to $44.57. Read More

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Producer prices were flat in August

The Producer Price Index (PPI) for final demand was flat month-on-month, and fell 0.8% year-on-year. Excluding volatile food and energy costs, “core” PPI rose 0.3% compared to July, and rose 0.9% compared to a year ago. Economists had estimated that PPI for final demand fell 0.1% month-on-month and 0.9% year-on-year. Read More

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BlackBerry to buy competitor Good Technology for $425 mln

BlackBerry Ltd plans to acquire rival mobile software provider Good Technology for $425 million in cash, the Canadian smartphone company said on Friday, boosting its ability to help companies manage smartphones that run any operating system. BlackBerry said it expects to realize about $160 million in revenue from the acquisition in the first year once [&hellip

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U.S. and euro zone business improves, Asia a concern

Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according to purchasing manager surveys. “Scratching beneath the headline numbers, however, reveals an ongoing disparity between the relatively strong performance of the developed nations whereas growth in the [&hellip

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U.S. mortgage applications inch up in latest week -MBA

Aug 26 Applications for U.S. home mortgages edged up last week as interest rates declined, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.2 percent in the week ended Aug. 21. Read More

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