Business News & Articles

Business Articles and News

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Best General Business Blogs, Big Ideas for Small Business. Young Upstarts. The Work At Home Woman Entrepreneurs.

Latest small business advice on how to start a business from successful entrepreneurs and start-ups. We have compiled this list of some of the best small business blogs out there.

GameStop tanks 11% after saying people are not upgrading smartphones

GameStop stock dropped 11 percent in trading Friday after the company announced it expects impairment charges of between $350 million to $400 million at the end of the fourth quarter. The added costs are largely from people holding onto smartphones longer and not upgrading to new models, GameStop said, which saw sales from its technology brands business drop 18.6 percent during the nine-week holiday period. The company owns more than 1,400 branded AT&T stores, making it the telecom giant’s largest…

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Mapletree Greater China Commercial Trust expands investment mandate to include Japan, Companies & Markets

Tue, Jan 16, 2018 – 8:23 PM MAPLETREE Greater China Commercial Trust (MGCCT) is expanding its investment mandate to include Japan. The trust manager said in a bourse filing on Tuesday that the expansion will allow MGCCT to better diversify its portfolio and enhance the manager’s ability to provide balanced and long-term returns for unitholders. “Japan has one of the largest and well-established commercial property markets in Asia-Pacific, with attractive investment characteristics,” said the manager, adding that the broadening of…

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Singapore shares close up 0.39% on Tuesday at a high of 3,550.21, Stocks

Tue, Jan 16, 2018 – 5:32 PM SINGAPORE shares continued their winning streak on Tuesday, with the benchmark Straits Times Index (STI) climbing 13.8 points, or 0.39 per cent, to 3,550.21. It has now narrowly beat out the magic number analysts were watching – 3,549.85, when the index crested in 2015 in the wake of the global financial crisis. Across the bourse, almost 2.12 billion shares worth S$1.12 billion were traded, with gainers beating out losers 272 to 182. Local…

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Banking Q3 preview: Private banks to outperform PSBs; bad assets to go down

How is the banking sector placed in Q3? Siddharth Purohit takes a look in this Business Standard Special The credit growth for the banking system has picked up marginally during the last few months. After hitting a multi-decade low of nearly 4% growth, corporate loans by private banks witnessed an uptick in the September quarter (Q2FY18) results. The latest data shows credit growth to be near nearly 10%, and with the last two quarters of the financial year normally being…

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Bitcoin price (BTC) tumbles below $12,000 while ethereum (ETH) and Ripple (XRP) also sink

Bitcoin dropped below $12,000 this morning, falling as low as $11,182 to a four-week low as the notoriously volatile digital currency shed nearly $1,000 in just an hour. At the time of writing, the price of bitcoin was down 14.14 per cent at $11,911.5 a coin according to Coinmarketcap. Rival cryptocurrency ethereum also dropped 20 per cent to $1,056.38 while Ripple tumbled more than 25 per cent to $1.36. Bitcoin stole headlines throughout 2017 as it made a stunning rise…

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Rafa Benitez ‘tells Spanish publication’ whether Newcastle will try to sign Pepe Reina this month

Newcastle United manager Rafa Benitez has “no intention” of signing Pepe Reina this month, despite his continued admiration for the goalkeeper, a report claims. The Magpies boss is keen to bring in up to four players during the January window, but he is still yet to learn of his exact budget. Spanish publication Mundo Deportivo reports that they contacted Benitez’s entourage for clarification on whether Newcastle would move for the Napoli goalkeeper this month, and they claim the United manager…

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Brown, Prospect HealthCare propose merger discussions

Tue, 01/16/2018 Industry News University President Christina Paxson announced in a letter to the Brown campus community on Jan. 11 Brown’s proposal to join with Prospect Medical Holdings to enter merger discussions with the Care New England Health System. Paxson outlined an alternative to the acquisition currently being considered by Boston-based Partners Healthcare. The Brown-Prospect alternative would create an integrated academic health system with local healthcare systems that would keep healthcare in Rhode Island, along with its economic benefits. The…

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Christmas sales leap nearly a third for TFG, boosting its shareprice

Retail group TFG — whose brands include Foschini, Markham and @home — enjoyed Christmas sales in 2017 that were 31% higher than the previous year’s. In contrast with Woolworths on Monday and Shoprite on Tuesday morning, TFG’s sales update spurred its share price 7% higher to R183.97, on the news that its December sales were “above management’s expectation” following “very strong Black Friday trade on November 24”. TFG said cash sales from its stores in SA and the rest of…

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UnitedHealth Profit Rises as Both Healthcare, Optum Businesses Grow

UnitedHealth Group Inc.’s quarterly profit beat analysts’ expectations and the health insurer raised its yearly outlook, as revenue from both its health care and health care services businesses increased. Earnings during the quarter were $3.62 billion, or $3.65 a share, more than double the $1.68 billion, or $1.74 a share, the company earned during the same period a year prior. Adjusted earnings were $2.59 a share compared to $2.11 a share a year ago. … Source link

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TCS wins $690 mn deal with UK’s M&G Prudential; second deal this year

Tata Consultancy Services (TCS) signed a ten-year $690 million contract with M&G Prudential, the UK and European savings and investments business unit of Prudential Plc, to support over four million customer policies. This will be the second insurance company win for TCS this year after it signed its biggest deal ever of over $2 billion with US insurance firm Transamerica last week. In both the deals, TCS will transition the entire work on its Bancs platform and support these policies.…

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BP to take further $1.7bn charge for Deepwater Horizon disaster

Andrew Ward, Energy Editor January 16, 2018 BP is to take a further $1.7bn charge related to the Deepwater Horizon oil spill, bringing the total cost above $65bn, as the 2010 disaster continues to weigh on the company’s finances almost eight years later. The UK energy group said the charge resulted from higher compensation settlements than expected in the fourth quarter of last year and a court ruling last May that led to the upward recalculation of some payouts. BP…

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Carillion collapse: ministers meet as small firms warn over losses | Business

Government faces questions over cost of liquidation for taxpayers and its impact on jobs Building subcontractors, working for MJ Hillson., remove tools from Carillion’s Barts Square development in London. Photograph: Bloomberg via Getty Images Government ministers were meeting at Downing Street to discuss the fallout from the collapse of Carillion, amid mounting criticism of their handling of the construction giant’s demise. The debt-laden company, which had 450 government contracts ranging from HS2 to providing school lunches and maintaining 50,000 homes…

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China disrupts web access for global groups as censorship bites

Yuan Yang and Lucy Hornby in Beijing January 16, 2018 China is plugging the last holes in its “Great Firewall” internet censorship apparatus, hampering global groups’ ability to operate in the country. Five international companies and organisations told the Financial Times that access to the global internet from their Chinese offices has been disrupted in recent months. Some of the companies blamed Chinese telecoms providers, saying the groups blocked crucial software used to bypass censorship. China aggressively censors the internet,…

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Carillion crisis: Unions call for national taskforce to protect workers – live updates | Business

“Amidst the negative headlines around the collapse of Carillion, there is some more positive news for Prime Minister Theresa May this morning, as December’s inflation figure has eased slightly from its six-year high in November. “With inflation dropping, and sterling back to its highest level since the Brexit referendum, there is a growing feeling of optimism around the British economy at the moment, with many predicting inflation will fall closer to the Bank of England’s 2% target in 2018. “However,…

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Nervous investors put the Bank of Japan in the spotlight

Roger Blitz in London; Leo Lewis and Robin Harding in Tokyo January 16, 2018 Global bond investors are casting a nervous eye at Japan. As a wave of selling washed across debt markets last week, the disclosure that the Bank of Japan had trimmed the volume of longer bonds it purchased was seized upon as the trigger for a move higher in yields that prompted veteran investor Bill Gross to again call the end of the three-decade bull run for…

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BlackBerry launches new cyber security product: Jarvis

Manually scanning code for issues is nearly impossible, but automakers still have to make sure their software is working correctly. BlackBerry Ltd.’s new cyber security product Jarvis, that will be much easier. Announced today during the keynote address at the North American International Automotive Show (NAIAS) by BlackBerry executive chair and CEO John Chen, Jarvis is a cloud-based static binary code scanning solution that finds and fixes vulnerabilities in automobile software. A pay-as-you-go solution, Jarvis scans software that’s under consideration,…

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