industry Archive

Former VW CEO quits as Audi chair as emission-scandal probes continue

Image credit: wbur.org Former Volkswagen Chief Executive Martin Winterkorn has stepped down as chairman of luxury brand Audi amid an investigation of two emissions scandals that occurred during his reign at Europe’s largest carmaker. Winterkorn quit his post at Audi on Wednesday, a spokesman at the Ingolstadt-based carmaker said on Thursday, after resigning as chief executive [&hellip

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The 19 most successful CEOs in Europe right now, according to the Harvard Business Review

The Harvard Business Review recently launched its yearly ranking of the world’s best-performing CEOs. The ranking is created by looking at three key financial variables: the change in market capitalisation a CEO has overseen, the country-adjusted total shareholder return, and the industry-adjusted total shareholder return. HBR also measured what it calls ESG, or the environmental, [&hellip

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U.S. oil prices struggle to break away from two-month low

U.S. crude oil prices held near more than two-month lows in early Thursday trading, after a sharp slide on concerns the market will take much longer than many anticipated to rebalance as supplies far outstrip demand. Benchmark U.S. crude futures were at $43.15 a barrel at 0033 GMT (0833 EDT), up 22 cents on Wednesday [&hellip

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Amazon debuts in Thomson Reuters 2015 top 100 innovators list

Online marketplace Amazon.com Inc made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp , the world’s largest technology services company, out of the list. Amazon joins the innovators list for the first time for innovations in data centers, devices, electronic methods and systems, according to its [&hellip

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Blackstone to take minority stake in NCR Corp -source

Photo credit: Bloomberg Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal [&hellip

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Apple’s stock sinks on concern about slowing growth

Shares of Apple Inc. sank 3.2% on Tuesday after Credit Suisse lowered its earnings estimates on the iPhone maker. And Doug Kass, president of money manager Seabreeze Partners Management, reminded investors that Apple AAPL, -3.15% is facing slowing earnings and revenue growth in an article in which he said he’s maintaining his short position, wagering [&hellip

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Oil prices drop after U.S. inventories rise

Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said that U.S. output had been surprisingly resilient in the face of lower prices. Benchmark U.S. crude futures slipped to a two-week low at $43.55 a barrel in early trading before trimming losses to trade down 59 [&hellip

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Oil will not reach $80 per barrel until 2020

Oil prices are over 50% lower than they were last summer – and it’s going to stay that way until the end of the decade. Fatih Birol, the executive director of the International Energy Agency told the Financial Times that a perfect storm will keep prices low until 2020 – low demand and bountiful supply. [&hellip

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There’s one thing that everyone is getting wrong about the war between Walmart and Amazon

A lot of people are betting against Walmart right now. The retailer’s stock price recently suffered its biggest one-day drop in 25 years after executives warned that annual growth over the next three years would range between 3% and 4% and profit would decline by up to 12% in 2017. Shares have dropped by more [&hellip

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Researchers find security holes in SAP business software

Source photo Security researchers have found nearly two dozen vulnerabilities in the widely used German business software SAP that could give attackers control of company financials, resource management and other operations. Boston-based Onapsis, a security company that tests for holes in SAP and Oracle enterprise software and reports them to the companies so they can [&hellip

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