January, 2017

• 22 January

  Twitter meets goals set for a diverse workforce

    Bloomberg Twitter Inc. is showing other Silicon Valley firms it’s possible to set public goals for a more diverse workforce and actually meet them, especially if those goals are modest. In December, 30 percent of the people in Twitter’s leadership positions—defined as those director-level and above—were women, the San Francisco-based company said. That compares with 22 percent in 2015—and ...

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• 22 January

  Revlon aims for $5bn sales with revitalized brands

  

    Bloomberg Revlon Inc., the beauty giant that bought Elizabeth Arden Inc. last year, aims to reach $5 billion in sales within five years by reinvigorating brands and stepping up marketing. Chief Executive Officer Fabian Garcia, speaking to employees in a video memo, said Revlon would become a top 10 global beauty brand by hitting that target. Including Elizabeth Arden, ...

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• 22 January

  French billionaire’s e-car venture becomes huge success

  

    Bloomberg French billionaire Vincent Bollore’s push into electric vehicles has been a huge success, at least in terms of publicity and eye-catching contracts. For investors, it hasn’t worked out so well. Shares of his battery company, Blue Solutions SA, have plunged by more than two thirds since peaking 2 1/2 years ago, wiping out 775 million euros ($823.5 million) ...

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• 22 January

  Bluffing over banks is a dangerous Brexit strategy

  

    The British government is making a twofold gamble on finance and Brexit. First, ministers seem to believe that London’s financial firms are crying wolf when they warn about the potential domestic cost of a so-called hard Brexit. Second, British officials seem convinced that the European Union is so reliant on the City that threats to raise the drawbridge are ...

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• 22 January

  Nestle doesn’t need this baby

  

    lf Mark Schneider, the new chief executive of Nestle SA, is wasting no time in hunting out acquisitions.The Swiss consumer group is considering a takeover of Mead Johnson Nutrition Co., the US baby-formula producer, according to a report yesterday from StreetInsider. But right now, Nestle’s sprawling portfolio needs pruning, not fresh additions. This looks like a deal it should ...

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• 22 January

  The media’s new mission post Trump win

  

    It is no exaggeration to say that a bizarre new phase in human history began on January 20 as Donald J. Trump becomes the world’s most powerful man. All bets, to put it mildly, are off. Those entrusted to report on and analyze the contemporary world are especially befuddled. One can condemn Trump’s open loathing for the mainstream media. ...

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• 22 January

  Kuwait’s market surges in strong Gulf, tax fears continue to hit Egypt

  

    DUBAI / Reuters Share prices in Kuwait jumped in very heavy trade on Sunday, the top performing market in a strong Gulf region, while tax fears continued to weigh on prices in Egypt. The Kuwaiti market index surged 3.2 percent, its biggest rise in more than two years, to a 23-month high, while trading volume was the biggest since ...

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• 22 January

  US stocks gain after inauguration; consumer shares increase

    Bloomberg US stocks rose as an increase in crude oil spurred gains in energy companies. The benchmark index pared earlier gains as President Donald Trump delivered his inauguration address. Consumer staples shares climbed as Procter & Gamble Co. reported quarterly earnings that topped estimates. The S&P 500 Index added 0.3 percent to 2,271.29 at 4 p.m. in New York ...

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• 22 January

  European stocks little changed as investors focus on Trump oath

    Bloomberg European stocks closed little changed as investors turned their focus to the inauguration of Donald Trump as US president, and whether he can continue to fuel investor expectations of stronger economic growth boosted by more deficit spending and tax cuts. The Stoxx Europe 600 Index fell less than 0.1 percent at the close. The index has lost momentum ...

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• 22 January

  AIG to pay Berkshire $9.8bn in insurance deal

  

    Bloomberg American International Group Inc. agreed to pay $9.8 billion to Warren Buffett’s Berkshire Hathaway Inc. to take on long-term risks from commercial policies written in prior years. The reinsurance deal transfers liabilities on certain US policies from 2015 and earlier, representing reserves of about $34 billion as of Jan. 1, 2016, New York-based AIG said in a statement. ...

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