October, 2017

• 23 October

  Toshiba sees 110bn yen loss on tax impact of chip sale

  Bloomberg Toshiba Corp. forecast an annual net loss of $968 million on the tax impact of selling its memory chip division to a group led by Bain Capital. The Tokyo-based company revised its forecast from an earlier estimate of 230 billion in net income, according to a statement. The company left its operating profit and sales forecasts for the year ...

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• 23 October

  Singapore to stop adding cars to city from February 2018 onwards

  

  Bloomberg Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said. “In view of land constraints and competing needs, there is limited ...

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• 23 October

  Haier opens Israel hub to find smart home startups

  Bloomberg Haier Electronics Group Co. opened its first office in Israel this week, expanding its search for smart home technologies. “The decision to open an innovation center is fully aligned with Haier’s strategy: the world is our lab,” said Mr. Wang Ye, vice president and general manager of the Advanced Innovation Center in Haier’s appliance group. Not only will the ...

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• 23 October

  HelloFresh targets $1.8 billion IPO valuation amid food wars

  

  ­­­­­­­­­­­Bloomberg HelloFresh, the meal-kit startup backed by Rocket Internet SE, is targeting a market valuation of as much as 1.5 billion euros ($1.8 billion) in an initial public offering this week, the company said in a statement. The company, which sells meal kits in 10 markets and remains unprofitable, set a price range of 9 to 11.50 euros a share. ...

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• 23 October

  Cisco Systems buys software maker BroadSoft for $1.9bn

  

  Bloomberg Cisco Systems Inc. agreed to buy BroadSoft Inc. for about $1.9 billion to expand further into software and cloud services. The $55-a-share cash offer announced on Monday is a 28 percent premium over BroadSoft’s closing price on August 29, a day before Reuters reported that the Gaithersburg, Maryland-based company was working with bankers to pursue a possible sale. The ...

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• 23 October

  Macron wants to teach the French to love their private firms

  

  Bloomberg President Emmanuel Macron’s government wants to change French culture to make the population less instinctively hostile to private enterprise. “I’m struck by the difference of the reality of life in companies and the way they are perceived in public discourse—especially by politicians,” Stanislas Guerini, a lawmaker in Macron’s Republic En Marche party, said. “There is often a black and ...

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• 23 October

  London clamps down on ‘toxic’ vehicles

  

  Bloomberg Drivers of the most polluting diesel vehicles will pay a charge to enter central London starting from Monday in the latest attempt by the city’s mayor to crack down on air pollution. The 10-pound ($13) T-Charge targets older, more polluting vehicles that are causing London to have some of the worst air in Europe. Almost 8 million people live ...

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• 23 October

  UK pushes electric cars with requirement for charging points

  Bloomberg The UK government is boosting its push to promote electric and driverless cars with a draft law requiring gasoline retailers across the country to install more charging points. The provisions are included in the Automated and Electric Vehicles Bill, which is scheduled to be debated in Parliament for the first time on Monday after being published last week. It’s ...

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• 23 October

  Ex Twitter engineer seeks to show women can climb only so high

  

  Bloomberg The way Tina Huang tells it, the path to her resignation from Twitter Inc. was a Kafkaesque experience. She said she was denied a promotion, led to believe her coding skills were inferior, asked to take a leave of absence, and scolded for taking that leave. Two years ago, she sued, contending that the company systematically thwarts the advancement ...

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• 23 October

  The fatal conceit of planning for future

  

  Kevin Hassett evidently has not received the memo that economics is ‘the dismal science.’ The ebullient chairman of the president’s Council of Economic Advisers is relishing the intellectual feast of applying to policymaking the predictive tools of a science that was blindsided by the Great Recession. Economists, like other scientists, learn things even when — actually, especially when — they ...

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