Bloomberg Some are handing out bonuses or raising pay, others are subsidising housing or upgrading mobile homes to include showers and central heating. Whatever they’re doing to attract or retain workers, British farmers are increasingly worried about a labour shortage. Brexit is delivering on at least one of the priorities for its ardent supporters as Europeans start to stay away ...
Read More »VW offers tempered forecast for 2018 on economy, diesel risks
Bloomberg Volkswagen AG offered a tempered earnings and sales forecast for 2018, citing the risk of a “slight†slowdown in the global economic growth that powers the car-buying market. Operating profit could increase by a fraction of a point to as high as 7.5 percent of revenue this year, Volkswagen said. Sales will rise 5 percent, but the forecast depends ...
Read More »Snap CEO Evan Spiegel got $638mn in year of firm’s IPO
Bloomberg Snap Inc.’s CEO Evan Spiegel is poised to become one of the highest-paid US executives for 2017, thanks to a $636.6 million stock grant he got when his company went public. The Venice, California-based maker of the Snapchat photo-sharing app awarded Spiegel shares equal to 3 percent of the outstanding capital stock when the initial public offering closed in ...
Read More »HP’s sales top estimates on holiday demand
Bloomberg HP Inc., the world’s largest personal-computer maker, topped analysts’ revenue estimates with strong computer and printer sales during the holiday shopping quarter, maintaining its momentum even as the industry stagnates. The Palo Alto, California-based company notched its sixth consecutive quarter of revenue growth, buoyed by Âhigher sales across all product lines in the period that ended on January 31, ...
Read More »Dropbox, valued privately at $10bn, files for US IPO
Bloomberg Dropbox Inc., the file-sharing company that’s been privately valued at $10 billion, filed for a US initial public offering, saying it was at scale and capable of moving fast. The company filed with an offering size of $500 million, according to a filing with the US Securities and Exchange Commission. That amount is a placeholder and is likely to ...
Read More »YouTube holds TV, film spending as Netflix, Amazon bulk up
Bloomberg YouTube is hitting the pause button on its Hollywood expansion. As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy. Google often ...
Read More »Gates guilty plea strengthens US hand against Manafort
Bloomberg As the newest cooperator for Special Counsel Robert Mueller, Rick Gates gives prosecutors a powerful weapon in pursuing former Trump campaign chairman Paul Manafort and possible election collusion with Russia. Gates, who pleaded guilty in Washington, was Manafort’s right-hand man and worked with him for a decade in his political consulting firm lobbying on behalf of Ukraine before joining ...
Read More »Trump predicts ‘very rough’ phase if North Korea sanctions fail
Bloomberg President Donald Trump said it may be “very, very unfortunate†for the world if US sanctions fail to stop North Korea’s nuclear weapons program, as he imposed the largest US penalties package yet against the rogue regime. “Phase 2 might be a very rough thing,†if the sanctions don’t succeed, Trump added at a joint press conference with Australian ...
Read More »Anger, dismay as US plans to move embassy to Jerusalem in May
WASHINGTON / Reuters The United States said it will open its embassy to Israel in Jerusalem in May, a move from Tel Aviv that reverses decades of US policy and is bound to trouble US allies who have already objected. US President Donald Trump announced last December that the United States recognised Jerusalem as Israel’s capital, infuriating even Washington’s Arab ...
Read More »Merkel’s EU refugee plan sparks criticism
Bloomberg German Chancellor Angela Merkel came to Brussels armed with a fresh demand that eastern European Union countries accept refugees and ended up sparking criticism from western allies in the bloc. At her first EU summit since striking a German coalition agreement, Merkel touted the idea of tying generous European regional-development aid for nations such as Poland to their willingness ...
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