National Headlines
Could a surprising — some might say shocking — development at one of Europe's most notorious no-frills low-fare airlines portend any changes at America's low-fare, no-frills leader Southwest Airlines (NYSE: LUV)? Earlier this week Dublin, Ireland-based Ryanair, a hugely-successful low-fare, no-frills carrier, said it would introduce a new "Business Plus" product aimed at attracting more business travelers to the carrier. Over the years Ryanair has become famous — like few others — for putting…
Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday. The much-anticipated sale or initial public offering (IPO) could raise more than $20 billion, making it the biggest technology listing in the United States. Securities and Exchange Commission (SEC) to kick-off the listing, the person said, adding that the date was still a moving target. An external spokeswoman for Alibaba in Hong Kong declined to comment on the share sale plans when contacted by Reuters on Saturday.
By Paolo Biondi RIMINI Italy (Reuters) - Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month. He was speaking a day after the merger between Fiat and its U.S unit Chrysler cleared its last remaining hurdle. Fiat bought out Chrysler at the start of 2014 and both operate as one firm. Marchionne wants to incorporate the two into Dutch-registered entity Fiat Chrysler Automobiles (FCA), paving the way for the U.S.
The fact that most Fiat shareholders chose not to exercise an option that could derail a merger with its U.S. Fiat signaled on Friday the merger would go ahead as not enough dissenting shareholders had decided to tender their shares for the tie-up to fail.
Gordon College has put a student volunteer program on hold after the Lynn school committee severed ties with the Wenham college due to concerns that the college discriminates in its hiring practices. The program at issue is called Gordon in Lynn, through which Gordon College places college-age students in Lynn's elementary and middle schools as well as in community organizations. The students provided a range of volunteer services — including formal student-teaching help involving upper-class…
China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company. State-owned FAW has a joint venture with Volkswagen AG. The joint venture is one of the two car-making ventures the German automaker has in China. An Dewu, FAW's former deputy general manager, was investigated for "suspected serious violations of the law", the ruling Chinese Communist Party's discipline watchdog said late on Friday.
India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks. The CBI filed the case against Birla and former Coal Secretary P.C. Parakh last year in relation to a block allocated in 2005 to Hindalco Industries, part of the $40 billion Aditya Birla Group led by Kumar Mangalam Birla. India's federal auditor had alleged that the government's allocation of coal blocks may have cost the exchequer revenues of about $33 billion, although industry watchers and the previous government have cast doubts on the figure.
By Akane Otani NEW YORK (Reuters) - Beaten-down U.S. The crisis in eastern Ukraine has emboldened Europe and the United States to impose broad sanctions on Russia.
By Nate Raymond NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. Shrem, the former vice chairman of the Bitcoin Foundation, will plead guilty next Thursday in New York federal court to unlicensed money transmission, Marc Agnifilo, his lawyer told Reuters in an email. Prosecutors had previously charged Shrem with operating an unlicensed money transmitting business, money laundering conspiracy and failing to file suspicious activity reports with government banking authorities. Federal authorities shut down Silk Road last year, though a new Internet marketplace under the same name was launched in November.
As the California state Legislature finishes up a two-year session, an incentive package meant to lure a giant Tesla Motors factory to California is stalling due to a lack of response by Tesla on what the company wants, one lawmaker says. Sen. Ted Gaines said Friday that while he is still holding out hope that a deal can be reached over the weekend, he is disappointed by Tesla’s inattention. “Tesla has not come to the table to get a deal done,” said Gaines, a Roseville Republican. “There…
The city of Dallas’ transportation-for-hire work group made some changes to the proposed transportation ordinance it released on Aug. 8 to address concerns that included insurance, drug policies, rates and fares and wheelchair accessibility. For months, the work group has been working on creating a draft that could be adopted next year by City Council. The committee has been working to create an ordinance that better accounts for all transportation services available in the city, including Lyft…
Football players at the University of Nebraska aren't the only ones who benefit from the school's multimillion-dollar Adidas contract. The five-year deal includes $40,000 per year in Adidas gear for student sections and another $50,000 for ushers at sports venues. It even includes $10,000 for an annual campus event that promotes "student life." Of course, the athletic department gets the bulk of the benefit: $1 million in cash and $3 million in footwear and apparel annually. Such largesse from…
By Noel Randewich SAN FRANCISCO (Reuters) - Chipmaker Intel Corp has hired Amir Faintuch, a senior executive at rival Qualcomm Inc , to step up efforts in mobile and Internet-connected gadgets. Hiring a senior executive from a major competitor is rare for Intel, which is known in Silicon Valley for its insular culture, and it reflects the eagerness of the Santa Clara, California, chipmaker to improve its struggling mobile business. Faintuch, who previously oversaw Qualcomm's networking and connectivity businesses as president of Qualcomm Atheros, is joining Intel as a senior vice president and co-general manager of the Platform Engineering Group, Intel spokesman Chuck Mulloy said on Friday.
For the past few years, whenever I meet a new startup, I treat them like a rock band. Not only because I believe startups are rock stars, but because I have learned -- from my experience as the owner of an indie record label and as an early-stage investor -- that there are a lot of similarities between the two.BandmatesEvery band has to have a...
Simon Cox has been named CEO Europe for Molson Coors Brewing Co. Cox — currently the Denver- and Montreal-based beermaker's managing director for the United Kingdom and Ireland — will take over the post Jan. 1. He succeeds Mark Hunter, who was named to replace Peter Swinburn as Molson Coors president and CEO when Swinburn retires. The European market has been the scene of much expansion for Molson Coors (NYSE: TAP) in recent years. Cox, 46, has been in the beer industry since 1989, joining…
Two community solar power systems, each capable of generating 500 kilowatts of power, have opened in Denver — and are available to Xcel Energy Inc. customers who live in the city. Boulder’s Clean Energy Collective (CEC) developed the systems, which went on-line Thursday. Community solar is the name of large solar power systems in which businesses or individuals can lease or buy individual panels to offset the electricity they get from the grid. Customers get a credit off their monthly utility…
Would it be easier to remember the phone number of a marijuana business if "420" was part of the digits? That's what a Colorado-based Internet provider is hoping for with the more than 3,000 "720-420" telephone numbers it has available. Forethought.net will provide the phone numbers to interested businesses that choose to sign up with them as their Internet provider. Pricing depends on the number of phone numbers a company wishes to purchase, but averages out at about $20 a phone number, said…
After a three-day public tiff, American Airlines fares have returned to Orbitz.
It's been more than 35 years since longtime real estate investor Don Godwin started buying up real estate along the Dallas North Tollway, and he's just landed his best deal yet. Godwin, who began investing in Dallas-Fort Worth's northern reaches long before Jerry Jones, has landed his second corner at the Dallas North Tollway and U.S. 380 in Frisco, giving him a stronghold on the east side of the high-profile intersection that's already caught the eye of a number of developers. "That's the going-home…
In a digital age, where most users have computers and mobile devices, accessing websites, social networks, and other online media, has become part of day-to-day living. Thus, many companies have adopted digital marketing strategies to continue to promote their products and services to these users via these channels. According to global...
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