• Xerox to split in two after deal with Carl Icahn's hedge fund

    Xerox to split in two after deal with Carl Icahn's hedge fund

    Finance

    As standalone companies, they will have compelling investment cases and be better positioned to capitalize on growth opportunities and expand margins and market share. While the document technology business had revenue of about $11 billion in 2015, the BPO unit had about $7 billion in 2015 revenue, over 90 percent of which was annuity based.
  • Nokia buries the hatchet with Samsung

    Nokia buries the hatchet with Samsung

    Finance

    He noted that Nokia's patent sales still trail those of its main rival, Sweden's Ericsson, which has estimated its intellectual property rights (IPR) sales at 13-14 billion crowns ($1.52-1.63 billion) in 2015. Consistent with Nokia's outlook, Nokia Technologies net sales for the full year 2015 are expected to increase year on year, even after excluding amounts related to the award.
  • Apple may be about to change how the iPhone charges

    Apple may be about to change how the iPhone charges

    Finance

    That would be a pretty big convenience, though first Apple and its partners would have to figure out how to make it feasible. According to a Bloomberg report , Apple is hoping to include the new technology in iPhones next year.
  • Donald Trump has clear lead over rivals in final poll

    Donald Trump has clear lead over rivals in final poll

    Finance

    Fox News anticipated a huge audience for Thursday night after its broadcast of the first GOP showdown on August 6 attracted 24 million viewers. "What we're seeing is the old Reagan coalition coming together...." Fox News called Donald Trump's bluff and came out on top.
  • How the Crude Oil Market Reacted to OPEC's Monthly Report

    How the Crude Oil Market Reacted to OPEC's Monthly Report

    Finance

    In its monthly market report, the global energy watchdog said persistent oversupply, bloated inventories and negative economic news pressured prices to the point that by mid-January crude oil touched 12-year lows. THE oil price has fallen below $28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem. The oil crisis has caused ructions across global markets, wiping trillions of dollars off valuations, with weak demand for the commodity ...
  • Apple is working on long range wireless charging, according to report

    Finance

    If this technology does find its way into Apple's device lineup, the company will reportedly reveal the tech sometime next year. A report by Bloomberg and citing people familiar with the company's plans reveals that Apple is looking into ways to introduce wireless charging on the iPhone , and several partners in the United States and Asia are now discussing the development of such technologies.
  • Stock markets heat up as BOJ goes sub-zero

    Finance

    Similar to the policy adopted by central banks in Switzerland, Sweden and Denmark, a tiered system has been introduced, whereby the current account of financial institutions will be split into three categories - negative, zero and positive; one for each type of interest rate.
  • Bill Maher: Trump a 'Genius' for Skipping GOP Debate

    Finance

    He also is favored to win New Hampshire's primary the following week, and 40 years of primary history suggests that kind of momentum is likely impossible to halt. He quipped that he's "supporting another candidate for president", but said he was happy to come out to support veterans. As for Monday's voting, Cruz campaign manager Jeff Rose said the organization's figures show there are 9,131 Iowans choosing between Cruz and Trump, 2,807 choosing between Cruz and Rubio and 3,185 deciding ...
  • Japan Introduces Negative Interest Rate

    Japan Introduces Negative Interest Rate

    Finance

    The Bank of Japan on Friday became the latest central bank to move its deposit rate into negative territory. ASIA'S DAY: After gyrating between losses and gains, Japan's Nikkei 225 finished up 2.8 percent at 17,518.30. The FTSE 100 Index jumped 152 points to 6083.8, bucking a bumpy month for global stocks that has seen large sell-offs due to fears of slowing global growth and oil price slides.
  • Angelique Kerber Defeats Serena Williams to Claim Australian Open Title

    Angelique Kerber Defeats Serena Williams to Claim Australian Open Title

    Finance

    Kerber, who was making her Grand Slam final debut against an opponent she'd beaten just once in six previous meetings, took the first set after 39 minutes having capitalized on 23 unforced errors from Williams. "I think my phone is exploding right now", said Kerber, who received personal congratulations from Graf and German chancellor Angela Merkel. "Steffi Graf's era was a good few years ago", said International Olympic Committe president Thomas Bach, who is also German.
  • 3 charts that explain the Trump-less Republican debate

    Finance

    For his part, Cruz has long dismissed claims of ineligibility for his White House bid by virtue of his Canadian birthplace, arguing that because his mother is American, he is a natural-born citizen. On the flip side, the Fox debate had far better ratings than did Trump's event, which took place at Drake University, just a stone's throw from the debate venue.
  • DNC stands firm against MSNBC, Union Leader 'debate'

    Finance

    But in a statement , the DNC says it will reconvene with the campaigns after the New Hampshire primary to "review" the schedule. That number was enforced by a rule barring any candidate who participated in a so-called "unsanctioned" debate outside those six from participating in any of the DNC forums.
  • Man investigators say shot Georgia State Trooper dies

    Finance

    Capt. Mark Perry said 26-year-old Trooper Jacob Fields of Jasper, Georgia, was doing well enough after surgery late Wednesday that the medical staff was able to move him to a regular floor rather than intensive care at WellStar Kennestone Hospital in Marietta.
  • Oil Jumps after Russia Dangles Prospect of OPEC Cooperation

    Finance

    Novak said on Thursday that it was reasonable to discuss the situation on the oil market and that OPEC was trying to organise a meeting with other producers next month. "This week's big story (for commodities) has, of course, been the rebound in oil prices on unconfirmed reports that the Russian Federation and OPEC may finally be willing to agree coordinated cuts in output", Capital Economics analyst Caroline Bain said.
  • What you missed from Donald Trump's event

    Finance

    Yet there was something missing: The Republican frontrunner Donald Trump , who skipped the debate because of a dispute with the cable news powerhouse. "Ted Cruz is an anchor baby in Canada", Mr. Trump said, sparking laughter from those in attendance. "You have to stick up for your rights", he said.
  • Microsoft hails software as driving force behind strong financial results

    Finance

    Office commercial products and cloud services revenue grew 5 percent with Office 365 revenue growth of nearly 70 percent. Microsoft's net income fell to $5 billion, or 62 cents per share, in its second-quarter ended Dec. As for the company's aggressive promotion of Windows 10, those nudges have drawn a few complaints from PC owners who don't necessarily want to upgrade their software.
  • Fox draws 12.5 million viewers to Trump-less GOP debate

    Fox draws 12.5 million viewers to Trump-less GOP debate

    Finance

    The billionaire front-runner for the Republican nomination for the November 8 election withdrew from the encounter in a spat with network anchor Megyn Kelly whom he accuses of treating him unfairly. Chuck Schumer on amnesty for illegal immigrants and Rubio accused Cruz of just trying to " trump Trump" on the issue to get elected. He traded barbs with Marco Rubio over who was toughest on immigration.
  • Union Leader, MSNBC to Host Unsanctioned Democratic Presidential Debate in New Hampshire

    Finance

    So, it isn't surprising DWS crushed cohosts MSNBC and the New Hampshire Union Leader by telling them Tuesday that an additional debate in New Hampshire ahead of the early-voting state's primary is pretty much out of the question. Though many critics assert that the DNC deliberately kept the debate schedule short to benefit Clinton, staffers inside the former secretary of state's campaign have reportedly said privately that additional debates would be welcome because the format benefits ...
  • Budweiser Clydesdales welcome a new baby

    Budweiser Clydesdales welcome a new baby

    Finance

    The Mac's name is a nod to the legacy of the Budweiser Clydesdales, the most "macro" of all icons, representing Budweiser's for more than 80 years. For now he is a just mommy's little boy without a care in the world other than not being late for meals.
  • Things to Watch for in Microsoft's Earnings Today

    Things to Watch for in Microsoft's Earnings Today

    Finance

    The company shares have rallied 26.66% from its 1 Year high price. Deutsche Bank reaffirmed a "buy" rating and set a $55.00 target price on shares of Microsoft in a research note on Monday, October the 12th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . Although the stock is already trading at a PE ratio of over 34, continued earnings growth should be enough to warrant this high PE.
  • Oil prices extend gains despite rising inventories

    Finance

    On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 3.1 per cent at $US30.47 a barrel. Oil rose above $30 a barrel after Iraq's oil minister said at a conference in Kuwait that Saudi Arabia and Russian Federation are now more flexible about cooperating to cut output.
  • Kerber wins 1st set of Aussie Open semi

    Kerber wins 1st set of Aussie Open semi

    Finance

    I couldn't do much - nothing at all, actually". Kerber, who was nearly dumped out of the Australian Open in the first round as she saved a match point in a second-set tie-break against Misaki Doi, added: "It's a special moment, a special feeling to get there right now, to be in the final".
  • Trump Won't Talk About Reconsidering Debate Decision

    Finance

    Texas Senator Ted Cruz challenged Trump to debate him Saturday night in Sioux City, Iowa . "I don't think not showing up at the debate tomorrow night is good for America", O'Reilly said to Trump on his show. "This is a win-win because he can say, 'I didn't do well in Iowa because I didn't participate in the debate.' Or, 'Look I did great in Iowa despite not participating in the debate", said Josh Dunn, political science professor at University of Colorado Colorado Springs.
  • Challenge for MSNBC's Democratic Debate: Getting Bernie Onboard

    Finance

    All three of the major campaigns reacted positively, although only Martin O'Malley definitively said that he would participate. McQuaid said he was concerned that the 2016 election cycle was poised to become "the first time in 32 years without a Democratic debate before the New Hampshire primary".
  • Alaska hit with aftershock after earthquake

    Alaska hit with aftershock after earthquake

    Finance

    The natural disaster southwest of Anchorage, Alaska , occurred as the result of strike-slip faulting at intermediate depths, within the subducted lithosphere of the Pacific plate, said USGS.
  • Stock indexes fall on weak forecasts from Apple and Boeing

    Stock indexes fall on weak forecasts from Apple and Boeing

    Finance

    While some are hoping for it to allude to recent market volatility, and give that as a potential reason to delay rate rises in the future, Schlossberg says the Fed may disappoint on that front. A bounce in oil prices offered some salve to strained nerves. If investors read the statement as showing Fed resolve to see through a series of interest-rate increases this year, even as the market expects the central bank to largely remain on hold, the dollar could surge against other currencies, they ...
  • Veterans group to Donald Trump: Keep your donations

    Veterans group to Donald Trump: Keep your donations

    Finance

    On Saturday, campaign manager Corey Lewandowski reportedly said Ms. Kelly had a "rough couple of days after that last debate" and he "would hate to have her go through that again". The Trump campaign ignored Cruz's call for a two-man debate, while Cruz communications director Rick Taylor continued the scattershot assault Wednesday on Trump on MSNBC.
  • NFL conducting comprehesive investigation of Peyton Manning

    Finance

    During a post-game news conference, Belichick remained mum on the discussion that took place with Peyton Manning , stating that he did not have anything to share with the media, and that he shared it with Manning. Manning is about to play in his fourth Super Bowl and has become the only quarterback in National Football League history to bring two different franchises to the Super Bowl, twice.