January, 2019

• 29 January

  T-Mobile to defend Sprint deal before Democratic-led House

  

  Bloomberg T-Mobile US Inc Chief Executive Officer John Legere and Sprint Corp Chairman Marcelo Claure agreed to testify about their planned $26.5 billion merger before a Democratic-controlled House panel that is expected to bring tougher scrutiny to the consolidation of telecom giants. The hearing, scheduled for February 13, gives Representative David Cicilline of Rhode Island, the chairman of the House ...

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• 29 January

  Apple’s next forecast to likely show sales are still falling

  

  Bloomberg Anyone looking for an upbeat forecast from Apple Inc is likely to be disappointed when the company’s results were expected on Tuesday. The company is set to report its first holiday quarter sales decline since the iPhone launched, and analysts are predicting revenue will keep shrinking in the current quarter. In early January, Chief Executive Officer Tim Cook forecast ...

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• 29 January

  The shutdown shows US citizens need to save more

  

  Now that the government shutdown is over, perhaps it is appropriate to consider a delicate question: Is it still OK to tell people they need to save more money? It’s an issue that came to the fore during the last five weeks, when hundreds of thousands of federal government workers, and many contractors, didn’t get paid, leaving many of them ...

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• 29 January

  China wants to dominate internet

  

  For the past year, the US and China have been engaged in a wide-ranging trade war. Nominally, the dispute concerns intellectual-property violations, forced technology transfers and other unfair practices. In reality, though, this clash is a symptom of a much larger strategic showdown — one in which Chinese President Xi Jinping seeks “decisive victory.” Aided by technology, China is embarking ...

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• 29 January

  Now banks are looking worried about Brexit

  

  The exodus from London is getting real. Ever since the UK voted to leave the European Union (EU) in June 2016, people have been watching for signs of how the prospect might affect London’s role as a global financial center. It stood to reason that it should: Assuming the breakup meant that the UK units of global banks would lose ...

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• 29 January

  Europe’s ‘right to be forgotten’ needs limits

  An adviser to Europe’s top court issued an opinion this month on behalf of liberty, judicial restraint and common sense. Here’s hoping the court heeds his recommendations. At issue was the so-called right to be forgotten, a muddled and misguided legal concept under which any citizen of the European Union can ask search-engine companies like Google to take down links ...

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• 29 January

  Why India’s next budget shouldn’t be excessively bold

  

  On February 1 in India, Prime Minister Narendra Modi’s government will present its last federal budget before general elections are held in a few months. Unlike most other budgets, this typically isn’t a high-octane affair; governments are discouraged from locking their successors into any new spending or taxes. An “interim” budget, as it’s called, tries to avoid committing spending for ...

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• 29 January

  United Technologies offers air cover amid growth problems

  

  United Technologies Corp.’s latest results suggest aerospace is still a safe place as worries mount about a slowdown in global growth. The $96 billion conglomerate that’s planning on splitting itself into three reported a staggering 11 percent gain in revenue excluding the impact of M&A and currency swings for the final months of 2018. That was the first time quarterly ...

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• 29 January

  Renault-Nissan’s loveless marriage will survive

  

  Under Carlos Ghosn, the independent auto analyst Maryann Keller was telling me the other day, the alliance of Renault SA and Nissan Motor Co. was a little like Yugoslavia during the reign of Marshal Tito. Yugoslavia was a disparate collection of Slavic republics — Serbia, Bosnia, Montenegro and so on — with natural tribal enmities. In the decades after World ...

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• 29 January

  TD taps helocs to regain clients in ‘leadership push’

  

  Bloomberg Toronto-Dominion Bank is seeking to win back customers with home-equity loans — even as concerns grow over elevated consumer debt amid a slowing Canadian economy. A push for a greater market share of home-equity lines of credit, or helocs, is part of this year’s strategy for Teri Currie, group head of Canadian personal banking at the country’s largest lender ...

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