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Lyft cuts staff, revamps team as startup chases Uber

  Bloomberg Six months ago, Lyft Inc. made a big push into corporate travel, building a team of several dozen employees to pitch banks, consulting firms and other companies on its ride-hailing services. This month, more than a dozen of those employees were dismissed or reassigned, part of a change in direction for the company’s nascent sales efforts. David Baga, ...

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Fear of US trade sanctions grows among German managers

  Bloomberg A closely-watched survey of business confidence in Germany, Europe’s largest economy, dropped in January as managers worried about the uncertainty associated with the advent of Donald Trump’s presidency. The Ifo index released on Wednesday fell to 109.8 points in January from 111 points in December, as companies’ greater satisfaction with their current situation was offset by a drop ...

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Intel projects sales growth on data centers, PC demand

  Bloomberg Intel Corp, the biggest maker of semiconductors, predicted first-quarter sales that will meet analysts’ estimates on improvements in the personal computer market and continued growth in orders from data center owners. Revenue will be $14.8 billion, plus or minus $500 million, the Santa Clara, California-based company said Thursday in a statement. Analysts had projected $14.5 billion, the average ...

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