Source Match Wholesale Industry News
How one highly determined IT pro hit the limit of his unlimited FiOS plan
SAP revamps management to focus on cloud computing
AirAsia may order 50 more Airbus jets: CEO
MONACO (Reuters) - Asia's largest budget carrier, AirAsia , may
order an additional 50 Airbus A320 jets on top of its existing
record order for 475 of the Airbus model, Chief Executive Tony
Fernandes said on Friday. The additional aircraft would be mainly
for the market in India, where it expects its new affiliate,
AirAsia India, to launch in the fourth quarter. "We've bought a lot
of planes but we're still short, we're still leasing planes at the
moment, so I was right buying these planes, and we may have to put
in another order... ...
Durable goods orders point to factory resilience
By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting
U.S. manufactured goods rose more than expected in April, a hopeful
sign that a sharp slowdown in factory output could soon run its
course. New orders for durable goods, which range from toasters to
aircraft, increased 3.3 percent last month, the Commerce Department
said on Friday. The data was the latest to show the U.S. economy
exhibiting surprising resilience in the face of harsh fiscal
austerity measures enacted this year. ...
Wall Street slips on angst over longevity of Fed stimulus
By Rodrigo Campos NEW YORK (Reuters) - Stocks fell for a third
day on Friday amid lingering concern the central bank may scale
back its support to the economy. Trading has been choppy in the
second half of the week as market participants assess the Federal
Reserve's evolving stance towards markets. Fed support has been
instrumental in a rally that has boosted U.S. stocks to record
highs this year. However, many analysts say the eventual tapering
of Fed stimulus will come with an expansion in the economy and
corporate earnings, which will continue to support equities.
...
Bad news, Glass fans: Google Glass will probably launch with terrible battery life
Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources
By Deepa Seetharaman and Norihiko Shirouzu DETROIT/BEIJING
(Reuters) - Henrik Fisker is working with an investor group to
salvage Fisker Automotive, the "green" car company he co-founded
nearly six years ago that is now struggling to stave off
bankruptcy, people familiar with the matter said this week. The
discussions follow Henrik Fisker's resignation from the company in
March after finding himself increasingly at odds with other top
executives over strategy. The well-regarded car designer is now
teamed up with an investor group led by Hong Kong billionaire and
Fisker investor Richard Li. ...
Etisalat makes top bid for Vivendi's Maroc Tel: sources
By Leila Abboud and Sophie Sassard PARIS/LONDON (Reuters) -
Gulf telecom operator Etisalat has offered a higher price for
Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo,
according to two people familiar with the matter. Etisalat's bid
needs further work, however, and has more legal conditions than
Ooredoo's offer, so Vivendi has not yet made a final choice, the
people said. "If Etisalat cleans up its offer, then it wins," said
one of the sources, who is close to the process. "If not, it will
go to Qatar, who also made an offer that Vivendi can accept.
...
News Corp. board approves split, stock buyback
News Corp. board approves split, stock buyback
China gives US regulators access to audit records
Nokia looks to ban HTC One sales with new patent suit
Why Waze Is Worth More Than $1 Billion
Shinola to wholesale customers: You must visit Detroit before selling our product
News Corp's publishing business to initiate stock buyback
(Reuters) - News Corp set the distribution ratios for the
spinoff of its publishing business and said the spinoff may start
buying back stock right away. The board of the publishing business,
which will retain the News Corp name, authorized a $500 million
stock repurchase program, the company said on Friday. The new News
Corp will have $2.6 billion in cash when the spinoff is completed
at the end of June. ...
Insight: Luxury brands position for U.S. boom
By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) -
Most men might balk at spending $600 on a pair of Dior sneakers but
for U.S. shoppers like Ephraim, an upbeat 30-year-old, such
indulgences are becoming increasingly commonplace. Ephraim is the
kind of man who gives luxury goods makers high hopes that the U.S.
market can fuel future growth, as China runs out of steam and
demand in Europe sags. "There is a cultural shift," Ephraim says
while browsing at Saks Inc's New York City flagship. "Men are
becoming more fashion forward. ...
Why is AT&T milking subscribers for an extra $500 million? ‘Because they can’
HTC One with stock Android will reportedly be announced within two weeks
HSBC Chairman urges acceleration of bank reform
By Steve Slater and Matt Scuffham LONDON (Reuters) - HSBC's
Chairman Douglas Flint called for an acceleration in the speed of
reform within the industry as the bank was criticized by
shareholders for compliance failings and accusations it aided tax
avoidance. Flint told around 400 shareholders at the bank's annual
meeting that the fallout from recent scandals had created a
"once-in-a-generation" opportunity to reform banking and the
broader financial industry. "As a first priority we need to speed
up the reform process. ...
Jony Ive’s iOS 7 redesign described as ‘black, white, and flat all over’
P&G CEO switch will not lead to big strategy change-CFO
(Reuters) - Procter & Gamble Co said on Friday the surprise
return of A.G. Lafley as chairman and chief executive was not an
indication of any bigger problems at the world's largest consumer
products maker. Lafley replaces Bob McDonald, effective
immediately, at P&G, which is in the midst of a major
restructuring. "This change very simply reflects Bob McDonald's
decision to retire and the board's view that A.G. ...
Dish and nTelos to jointly develop broadband service
(Reuters) - Satellite TV provider Dish Network Corp and
wireless network provider nTelos Holdings Corp said they would
jointly develop a broadband service within nTelos's coverage
territory serving parts of Virginia, Maryland and a few other
states. Dish has been trying to diversify beyond its core pay-TV
business that has matured and faces tough competition from cable,
telecom and Internet video providers. The new service will give
nTelos and Dish customers, especially those in underserved rural
communities, access to high-speed Internet, the companies said in a
statement. ...
New Android apps worth downloading: Glide, SideCar Ride update, Men’s Room Mayhem
Google reportedly eyes $1 billion-plus Waze buy, but Facebook may be blocking bids
Analysis: German economy to pick up but fall short of traditional pace
By Sarah Marsh BERLIN (Reuters) - Germany's economy will
recover from a bout of winter weakness but fall well short of the
dynamic growth rates of previous years as euro zone recession and
global slowdown stunt exports and investment. There are homegrown
problems too. What hue of government will result from September
elections is injecting uncertainty and foreign investors cite
worries about over-regulation and Germany's future energy mix after
Chancellor Angela Merkel turned her back on nuclear power. ...
Russia's leading social network banned by "mistake"
Academics back BP's fight to cap oil spill payouts
By Andrew Callus LONDON (Reuters) - A group of accountancy
professors is backing BP's fight to cap the U.S. oil spill
compensation payouts it has to fund as the cash outflow threatens
to add billions of dollars to its bill for the disaster. The news
comes after the payouts administrator, Patrick Juneau, predicted
that over 200,000 claims may be made in total by businesses and
individuals under a settlement BP agreed last year - a level that
could result in a charge against the oil company's profits as early
as next year. ...
German business confidence unexpectedly rebounds
3-D Printed Windpipe Gives Infant Breath of Life
Recent rulings show tide may be turning against patent trolls
Microsoft doubles down on Xbox One games, plans to invest $1 billion
Google, like Facebook, in talks to buy Waze for about $1 billion: report
(Reuters) - Google Inc is considering buying Israeli mobile
satellite navigation start-up Waze Inc, which may lead to a bidding
war with Facebook Inc, Bloomberg news reported, citing people
familiar with the matter. Waze is seeking more than $1 billion and
is fielding expressions of interest from multiple parties, said
Bloomberg, citing a source. Other media have reported that Facebook
Inc has held talks to buy Waze for as much as $1 billion. ...
Microsoft’s Kinect comes to Windows next year
Google faces new federal antitrust probe: source
WASHINGTON (Reuters) - U.S. regulators are in the early stages
of an antitrust probe into whether Google Inc, the top player in
Web display advertising, breaks antitrust law in how it handles
some advertising sales, a source told Reuters on Thursday. The
source said that it was unlikely that the Federal Trade Commission
had sent out civil investigative demands in relation to the probe,
which would be the sign of a formal and more serious investigation.
...
Is Google Street View the New Nature Documentary?
Nokia’s 41-megapixel Lumia rumored for July launch
Hulu video site auction attracts four bidders: sources
By Ronald Grover LOS ANGELES (Reuters) - Former News Corp
president Peter Chernin and private equity fund Guggenheim Digital
Media have placed bids for Hulu, two people with knowledge of the
matter told Reuters, triggering a tug-of-war for the online video
service. Satellite operator DirecTV and cable operator Time Warner
Cable Inc also put in bids, one of the people told Reuters. ...
RIAA stamps its feet again, demands Google improve anti-piracy efforts
Judge says leaning toward U.S. in Apple e-books case
By Nate Raymond NEW YORK (Reuters) - In an unusual move before
a trial, a federal judge expressed a tentative view that the U.S.
Justice Department will be able to show evidence that Apple Inc
engaged in a conspiracy with publishers to increase e-book prices.
U.S. District Judge Denise Cote, who is set to oversee a trial on
June 3, gave her view during a pretrial hearing on Thursday.
...