Tag Archives: as

Toshiba Said to Be Under Pressure to Consider Plan B as Chip Sale Falters

As the $18 billion (roughly Rs. 1,16,325 crores) sale of Toshiba’s memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said – including picking a new buyer. Those people say Toshiba’s leadership is sticking to Plan A: selling… Read More »

Trump nominates former Texas senator as NATO ambassador

President Donald Trump says he has nominated Kay Bailey Hutchison, a former Republican senator from Texas, to be the US ambassador to NATO. Trump has had a rocky relationship with the 28-nation military alliance. As a candidate, he called NATO “obsolete.” The president has criticised several members of the post-World War II organisation for not spending adequately on… Read More »

Twitter Hires Castleberry Singleton as New VP of Inclusion and Diversity

In line with its goal of having six percent or more under-represented minorities in leadership roles, Twitter has hired Castleberry Singleton to lead its diversity efforts. “Excited to announce I’m joining @Twitter as the new VP of Inclusion and Diversity. Can’t wait to help build on the company’s great progress!” Singleton said in a tweet on Wednesday. She… Read More »

Grab an LG V20 for as low as $355

Just last week, we told you about an LG V20 deal where-in you could grab a unit for $400. And now, you can get the device for an even lower rate. An eBay seller is currently offering the phone (64GB variant) for as low as $355. A quick look at the eBay listing reveals a price tag of… Read More »

Instagram to Make It Easier to Label Posts as Paid Promotions

Photo-sharing app Instagram plans to roll out a feature on Wednesday that will make it easier to label posts as paid promotions, taking what it called a step toward transparency in an area that has drawn attention from US authorities. Product endorsements have become more common on Instagram, owned by Facebook, as celebrities and others with large followings… Read More »

Android O wants to make your phone twice as fast

Well, well, well. The latest chapter of the mobile war is in full swing. Google announced Android O at its annual developer conference, Google I/O 2017, giving a first taste of its forthcoming software for phones, tablets and Android TV. And Apple responded with iOS 11, its next-gen platform for iPhones and iPads. Which one’s winning so far?… Read More »

Body Shop sale moves closer as L’Oreal talks to Natura

French cosmetics group L’Oreal has begun “exclusive” talks with Brazilian make-up company Natura Cosmeticos over the sale of its Body Shop business. L’Oreal said that Natura had made a “firm” offer valuing the company at 1bn euros (£880m). Earlier this year, L’Oreal said it was reviewing its strategy for the chain, which it bought for £652m in 2006.… Read More »

UK consumer stumbles in May as surveys show spending squeezed

British shoppers kept a tighter grip on their credit cards last month as they felt growing pressure from rising inflation, new figures showed just two days before they vote on whether to keep Prime Minister Theresa May in power. With record numbers of people in work and public borrowing more manageable, the economy has played a smaller role… Read More »

Bank of England faces strike action over pay as union launches ballot

Staff at the Bank of England will begin voting on Thursday on whether to hold a strike this year in protest at below-inflation pay rises, union sources told Reuters. Unite, Britain’s biggest union, is consulting members on whether to take industrial action at the 323-year-old Bank, which employs around 3,600 people, after they were awarded a 1 percent… Read More »

FTSE flirts with record as sterling boosts; Inmarsat rises

Britain’s major share index climbed on Thursday, flirting with its record high level as a weaker sterling gave large multinationals a leg up, while Inmarsat rose on merger speculation. The FTSE 100 .FTSE was up 0.4 percent by 0900 GMT, with consumer staples and industrials stocks providing the top boosts to send it hovering near its highest intra-day… Read More »