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Consumer Goods and Services

UK unemployment at lowest since 1975

2018-08-14 10:58:39| BBC News | Business | UK Edition

Jobless numbers fell 65,000 to 1.36 million in three months to June - lowest for more than 40 years.

Category: Consumer Goods and Services

Homebase set to close 42 stores

2018-08-14 10:53:38| BBC News | Business | UK Edition

Struggling DIY retailer is expected to announce a Company Voluntary Arrangement later on Tuesday.

Category: Consumer Goods and Services

Mike Ashley vows to keep most House of Fraser stores open

2018-08-14 09:57:27| BBC News | Business | UK Edition

Sports Direct founder says "you can hold my feet to the fire" on his pledge to retain most of the 59 outlets.

Category: Consumer Goods and Services

Information Technology

The Weird Mistakes Killing Tesla

2018-08-13 20:06:51| TechNewsWorld

Tesla is trending to fail spectacularly. It has been burning cash at an unsustainable rate, and it keeps making avoidable mistakes that weaken it. Here's what is weird: You'd think the firm's biggest problem would be that every large car maker was working behind the scenes to kill it. However, the car companies for the most part appear to have worked harder to emulate Tesla than to destroy it.

Tags: weird killing mistakes tesla

Category: Information Technology

At-Home Eldercare Goes High Tech

2018-08-11 14:00:00| TechNewsWorld

The call came in less than an hour before the 8 a.m. shift was scheduled to start: A family emergency meant the regular caregiver for an elderly client couldn't make her shift that day, so a replacement caregiver was needed ASAP. Homewatch CareGivers of San Juan Capistrano had to quickly send a substitute from its pool of licensed, trained and security-bonded caregivers.

Tags: high tech athome eldercare

Category: Information Technology

Galaxy Note9 Is Front and Center in Samsung's Connected World

2018-08-10 18:58:56| TechNewsWorld

Samsung unveiled its much-anticipated Galaxy Note9 Thursday at its Unpacked event in New York City. The company made several other announcements as well, as it presented its vision for a seamlessly connected world. "We are creating a galaxy of experiences that span not just devices and locations but platforms and brands," said DJ Koh, CEO of Samsung Electronics, at the event.

Tags: world center front connected

Category: Information Technology

Real Estate

Will the Hurricane of New Construction Hurt Miamis Apartment Market?

2018-08-14 09:28:17| National Real Estate Investor

Developers are planning to open a record number of new apartments in the city by the end of 2018.

Category: Real Estate

Ares Stake in NY Broadway Building Might Be Sold to REIT

2018-08-14 00:27:41| National Real Estate Investor

A deal would see Atlanta-based Columbia Property Trust assuming ownership of Ares Management LPs 50 percent stake in 799 Broadway.

Tags: to building sold broadway

Category: Real Estate

Bank of America Says Pump the Brakes on Structured-Credit Risk

2018-08-13 22:29:25| National Real Estate Investor

Credit analysts at the bank are warning that structured credit products are entering a new risk-off phase as a number of market indicators imply caution is warranted.

Tags: america bank risk pump

Category: Real Estate


Deutsche Telekom CEO calls for joint investment in fibre by 1&1

2018-08-14 10:37:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom CEO Tim Hoettges has called on 1&1 to invest jointly in rolling out fibre in Germany. In an interview with the Funke group newspapers, Hoettges said the alternative operator should show it's ready to invest in infrastructure. He also warned against national roaming requirements in the upcoming spectrum auction, something 1&1's parent United Internet supports. 

Category: Telecommunications

European Commission delays decision on T-Mobile, Tele2 NL merger to end-November

2018-08-14 10:17:00| Telecompaper Headlines

(Telecompaper) The European Commission has pushed out its deadline for deciding on the takeover of Tele2 Netherlands by T-Mobile. The competition investigation should be decided by 30 November, rather than the original date of 27 October, the Commission announced on its website. 

Category: Telecommunications

Four foreign firms bid to acquire 50% of NetOne - report

2018-08-14 09:29:00| Telecompaper Headlines

(Telecompaper) Four foreign firms, including a US-funded Lebanese consortium and a South African telecommunications giant, are jostling to acquire between 45 percent and 50 percent of Zimbabwe's NetOne, The Independent reported, citing sources. According to the newspaper, other suitors are an UAE-based firm and group of investors in the diaspora. Insiders with details of the deal say the potential investors had shown a willingness to clean up NetOne's balance sheet and inject fresh capital into the state-run entity.

Category: Telecommunications