Monthly Archives: October 2016

Viacom names Bob Bakish acting CEO

(Reuters) - Viacom Inc said on Monday it named Bob Bakish, a 19-year company veteran, as acting chief executive, replacing Tom Dooley.

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BlackBerry in software deal with Ford, first with an automaker

TORONTO/BOSTON (Reuters) - BlackBerry Ltd has signed a deal to work directly with Ford Motor Co to expand the carmaker's use of its QNX secure operating system, the Canadian technology company said on Monday, as Ford develops increasingly automated v...

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Valeant ex-CEO, ex-CFO focus of U.S. criminal probe: Bloomberg

(Reuters) - U.S. prosecutors are focusing on Valeant Pharmaceuticals International Inc's former chief executive and chief financial officer as they build a fraud case against the drugmaker, Bloomberg reported.

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Tech Billionaire Thiel Aims to Justify His Trump Support

Peter Thiel, one of the few well-known Silicon Valley figures who has given Republican presidential candidate Donald Trump a public endorsement, on Monday reiterated his support at a National Press Club event in Washington. He prefaced his remarks with a disclaimer. "Nobody thinks his comments about women were acceptable," Thiel told the gathering, referring to Trump.

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Wells Fargo agrees to $50 million settlement over homeowner fees

NEW YORK (Reuters) - Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans.

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Under fire, Carney to stay extra year at Bank of England

LONDON (Reuters) - Bank of England Governor Mark Carney said on Monday he will stay in his job for an extra year until the end of June 2019 to help smooth Britain's departure from the European Union, but he will depart two years short of a full term.

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Bank of England’s Carney says to extend stay at BoE by one year

LONDON (Reuters) - Bank of England Governor Mark Carney said on Monday he has decided to stay in charge of the central bank for an extra year until the end of June 2019 to help smooth Britain's departure from the European Union.

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Apple vs. Microsoft: Remixing the Magic

What I think is funny in this market is that most people can look at two companies, see the difference in their performance, and not learn the fundamental lesson. The core magic is this: having someone who is running the company who both understands the technology and understands either the customer's current needs -- or how to manipulate customers to need what you make.

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Xerox settles with large investor over spin-off

(Reuters) - Xerox Corp said on Friday it had settled with one of its biggest shareholders who had sued earlier to block a plan for spinning off its document outsourcing business into a new publicly traded company.

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Aviation executives doubt a third runway at Heathrow will be built anytime soon

LAST week, the British government gave London Heathrow airport the go-ahead to expand. The decision to allow it to build a third runway had been a long time coming. It is 70 years since the area around London last saw a new one built, and Heathrow, Europe’s busiest hub, is operating at 99% capacity. But already two aviation executives have expressed their cynicism about whether a runway will be built anytime soon. Or to cost.

Willie Walsh (pictured), the boss of IAG, the parent company of British Airways (BA), by far Heathrow’s biggest tenant, kicked off proceedings. “Do I have confidence that the current team at Heathrow can do it?” he said in an interview on Friday. “No, I don’t.” 

Mr Walsh is not exactly a disinterested observer. The proposed £17.6bn ($21.4bn) expansion of Heathrow is to be financed privately; IAG fears that this will mean higher charges for BA. Even before the vote Mr Walsh, perhaps disingenuously, had come out against the building of a new runway for this reason. Last year, after the Airports Commission had...Continue reading

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