Bloomberg Euro-area manufacturing accelerated for a sixth month in February amid signs that inflation pressures may be starting to build as factories struggle to keep up with demand. A Purchasing Managers’ Index climbed to 55.4, IHS Markit said. The reading compares with a flash estimate of 55.5 and is up from 55.2 in January. Companies raised output charges at ...
Read More »Foxconn to start work on $9bn TV display plant
Bloomberg Foxconn Technology Group will begin construction this month on a $9 billion display plant in southern China, as billionaire founder Terry Gou makes a big bet on demand for giant-sized TV screens in healthcare and homes. Gou and the Taiwanese company are looking to capitalize on the technology and branding acquired with the purchase of Sharp Corp. last ...
Read More »Jesuits nears $124mn deal to sell Kensington plot
Bloomberg Johnny Sandelson, the property entrepreneur developing a luxury-home project for seniors in London’s Chelsea district, is in talks to buy a 100 million-pound ($124 million) plot of land in Kensington from a Jesuits group, two people familiar with the plan said. Sandelson and a group of South African investors have agreed a deal to buy the 2.7-acre (1.1-hectare) ...
Read More »Salesforce revenue forecast falls short as cloud rivals gain
Bloomberg Salesforce.com Inc. gave a first-quarter revenue forecast that fell short of analysts’ projections, hampered by rising competition from rival business-software makers with their own cloud products. Revenue in the period ending in April will be $2.34 billion to $2.35 billion, the San Francisco-based company said in a statement. Analysts projected $2.37 billion, according to data compiled by Bloomberg. ...
Read More »Nintendo aims to chart new territory with Switch
Bloomberg Nintendo Co. is making its biggest bet in years with Switch, a new console aimed at unifying the worlds of mobile and home gaming. To chart new territory with the gadget, the Kyoto-based company handed control of development to a team of three managers more experienced in software rather than hardware. In a departure from previous consoles, Switch ...
Read More »Sony, Line consider alliance on AI-powered consumer devices
Bloomberg Sony Corp. and Line Corp., Japan’s most popular messaging service, are considering joining forces to develop devices powered by artificial intelligence. The companies are exploring opportunities around digital personal assistant technology to co-create a new communication experience, Sony said in a statement at the Mobile World Congress in Barcelona. Sony unveiled concept earphones powered by Xperia Agent, a ...
Read More »Huawei, LG vie to fill Samsung void
Bloomberg Huawei Technologies Co. and LG Electronics Inc. are angling to steal the show at this year’s Mobile World Congress, ushering in new smartphones that each hopes will fill a void created by the absence of a new handset from the usually dominant Samsung Electronics Co. A day before the industry’s biggest conference gets going in Barcelona, LG hosted ...
Read More »Robot that would ease your tax pain
Bloomberg H&R Block is out to wrest back market share from its online tax-prep rivals with such aggressive measures as free services and interest-free advances on refunds—oh, and plunking a supercomputing Jeopardy star down on the desks of its 70,000 tax preparers. For this tax season, H&R Block has put an additional computer screen on each preparer’s desk, facing ...
Read More »A hotel with the worst view!
AP A Palestinian guesthouse packed with artwork of the elusive British graffiti artist Banksy unveiled itself in the West Bank city of Bethlehem, with a sneak peek of what the owner sarcastically called the ‘hotel with the worst view in the world.’ Wisam Salsaa, 42, said the nine-room establishment named ‘The Walled Off Hotel’ will officially open on March ...
Read More »Museum to host exhibit of civil rights photography
ALBUQUERQUE, NM / AP Mexican-American photographer Maria Varela was present at some of the most dramatic moments of the Civil Rights Movement, capturing images of voting rights demonstrations in Alabama and efforts to create Head Start programs in poor, rural areas. As one of the few Latinas involved in the black Civil Rights Movement, historians say, her work has ...
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