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Rolls-Royce mulls future of weaker operations as profit down 49 percent

    Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in “a reasonably strong position in an attractive market,” the rest are on less solid ...

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Rich payout at Google’s car project fuels talent exodus

  Bloomberg For the past year, Google’s car project has been a talent sieve, thanks to leadership changes, strategy doubts, new startup dreams and rivals luring self-driving technology experts. Another force pushing people out? Money. A lot of it. Early staffers had an unusual compensation system that awarded supersized payouts based on the project’s value. By late 2015, the numbers ...

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IT departments find it hard to keep ‘cloud’ safe

  Dubai / Emirates Business Intel Security announced its second annual cloud security report, “Building Trust in a Cloudy Sky.” The report outlines the current state of cloud adoption, the primary concerns with private and public cloud services, security implications, and the evolving impact of Shadow IT of the more than 2,000 IT professionals surveyed. “The ‘Cloud First’ strategy is ...

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