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Alphabet boosts spending as revenues soar

Richard Waters in San Francisco April 24, 2018 Print this page Alphabet called on investors for renewed patience on Monday, as it reported another surge in spending to keep track with the breakneck growth in its advertising business. The latest quarterly earnings from Google’s parent matched a pattern that had become familiar in recent quarters: booming advertising revenues that exceed expectations, countered by sporadic and unpredictable bursts of spending that have sent shivers through the stock market in the past.…

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Could the royal baby boost the economy?

Image copyright AFP Image caption The event proved a cheering one for these royal watchers Spring is here, the sun is shining and a royal baby has arrived making some of us (see photos) feel a bit happier. It seems overdue. Consumer confidence has been dented in recent years as wages have failed to keep pace with inflation – leading to what economists call a squeeze on real incomes. Lower spending has seen several well known retailers forced to close…

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Rana Plaza five years on — safety is greater but not guaranteed

Amy Kazmin in New Delhi April 24, 2018 Print this page Five years ago today, Rana Plaza, an eight-storey factory building on the outskirts of Dhaka, collapsed killing 1,134 Bangladeshi garment workers making low-cost clothing for some of the west’s biggest retailers, including H&M, Primark, Inditex and Walmart. International horror at the calamity — after other lethal accidents in Bangladeshi garment factories — prompted speculation that Bangladesh’s clothing industry would itself collapse, as image-sensitive western brands retreated.  But under fierce…

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WeWork aims to tap debt markets in expansion drive

Eric Platt and Alexandra Scaggs in New York and Richard Waters in San Francisco April 24, 2018 Print this page WeWork, the $20bn US provider of shared office space that last year drew one of the largest single investments in a private company, has laid the groundwork to tap debt markets for the first time as it seeks to accelerate its expansion.  Bankers have pitched a bond sale to US investors and are expected to launch a high-yield offering as soon…

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Google’s parent Alphabet beats Q1 estimates on strong ad sales

SAN FRANCISCO — Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts’ estimates due to strong ad sales and a change in accounting for investments in startups, sending its shares up about 1 per cent after hours. The results eased concerns that investment in new ventures beyond its core search business was undermining Alphabet’s outlook. There also were no immediate signs that rising global privacy concerns would affect profits. “The strong economy has companies spending…

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Paymark sale unlikely to face hurdles; high credit card fees prompt alternative offering

Email * Create password * First Name * Last Name * Cellphone number * Credit card details are required to authenticate your account. You won’t be charged until your trial has ended. Cancel anytime. I understand that my unlimited free access to NBR paid content is only available for 30 days. * *Terms and ConditionsAs part of this registration, we validate your credit/debit card with a test transaction of 1 cent. This is a pre-authorisation hold on your card by…

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Francis Wade | Why employees need the power to say ‘no’ | Business

Should an employee be granted the right to turn down a manager’s request to focus on a given task, thereby dropping everything else? And is it better to have a reporting relationship based on obedience, or its opposite, independent choice? While there are no easy answers, times are changing, and so must leaders in your company.   1. Should simple workers be in your firm at all?   A contractor once shared with me that his industry is the only…

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How Europe’s New Privacy Rules Favor Google and Facebook

When the European Union’s justice commissioner traveled to California to meet with Google and Facebook last fall, she was expecting to get an earful from executives worried about the Continent’s sweeping new privacy law. Instead, she realized they already had the situation under control. “They were more relaxed, and I became more nervous,” said the EU official, Věra Jourová. “They have the money, an army of lawyers, an army of technicians and so on.” … Source link

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With Toys R Us closing, Hasbro seeks a toy seller

NEW YORK — With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony and its other toys. Hasbro said Monday it will rely more on online sales, although it has also been working on getting its toys into more stores. CEO Brian Goldner said major retailers plan to increase their toy sections to lure former Toys R Us shoppers, which could benefit the toy maker. But,…

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Amazon Is Trying to Build Robots For Your Home

Ten years ago, Amazon introduced the Kindle and established the appeal of reading on a digital device. Four years ago, Jeff Bezos and company rolled out the Echo, prompting millions of people to start talking to a computer. Now Amazon.com Inc. is working on another big bet: robots for the home. The retail and cloud computing giant has embarked on an ambitious, top-secret plan to build a domestic robot, according to people familiar with the plans. Codenamed “Vesta,” after the…

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First Minister calls on responsible companies to help deliver prosperity for all

The First Minister Carwyn Jones has called on responsible companies of all sizes and sectors to help deliver inclusive economic growth for all communities in Wales. The First Minister was speaking at a reception, hosted by Business in the Community Cymru and Capital Law LLP, to mark the launch of Responsible Business Week with more than 80 senior business and public sector leaders. Responsible Business Week, which this year runs across the UK between April 23 and 27, is an…

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Stocks: Promoters became bargain hunters to hike stake in companies

ET Intelligence Group : Tracking promoter holding has long been a handy tool for market experts. An increase in promoter holding is seen as a positive while a decrease is seen as negative. Here are some stocks that have seen an increase in promoter holding by at least 3.5 per cent in the three months to March, the quarter in which the markets corrected sharply. KALYANI STEELS The company not only meets the group’s requirement of high-quality forging steel, but…

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Delaware at or near the top in minority business ranking

Delaware ranks at or near the top in minority businesses. According to the:Business Owner Diversityreport from Paychex Worx: Delaware ranks No. 1for the most minority female-owned businesses The top 5 cities in Delaware with the most minority female-owned businesses are: New Castle, Bear, Newark, Wilmington, Middletown Delaware ranks No. 2for having the most minority-business owners– the top 5 cities include: New Castle, Wilmington, Claymont, Bear, Newark. Maryland and Delaware earned top spots for the highest number of minority-owned businesses per…

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Quarter century for AmCham Latvia :: The Baltic Course

To commemorate the occasion of the 25th Anniversary of the American Chamber of Commerce in Latvia (AmCham), a special black tie dinner was held last Saturday, April 21. Keynote remarks were delivered by Deputy Prime Minister and Minister of Economics, Arvils Ašeradens, U.S. Ambassador to Latvia, Nancy Bikoff Pettit, and AmCham President, Arnis Kākulis. Highlights of the 25th Anniversary Gala Dinner included: The launch of the video “What value AmCham brings to members and partners”; …

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