Category Archives: business

Pilots extend Lufthansa strikes to long-haul flights

FRANKFURT (NEWS.GNOM.ES) – German pilots union VC called a strike at Lufthansa on Oct. 21 targeting the airline’s long-haul flights, in addition to strikes for the carrier’s short and mid-length routes announced for Monday and Tuesday Continue reading

SAP cuts profit outlook as more customers switch to cloud

FRANKFURT (NEWS.GNOM.ES) – German business software maker SAP on Monday cut its outlook for full-year operating profit amid an accelerating shift by customers to buy its software over the Internet rather than as packaged software, delaying recognition of those sales. SAP said it now 2014 expects operating profit, excluding some special items of 5.6 billion to 5.8 billion euros ($7.14-7.40 bln), down from 5.8-6.0 billion previously. Company executives said the accelerating switch from license-software sales to Internet-based, so-called cloud software is to cut into its 2014 profit, but that these sales would begin to bolster revenue and profit in coming quarters Continue reading

Yahoo set to outline cost-cutting efforts: WSJ

(NEWS.GNOM.ES) – Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan. Yahoo is considering acquiring one or more large technology startups with some of the $5.8 billion it made from the initial public offering of Alibaba Group Holding Ltd, the newspaper said. Representatives at Yahoo did not immediately respond to an email seeking comment outside regular U.S. Continue reading

Market action reinforces need for policy patience: Fed’s Rosengren

By Jonathan Spicer By Jonathan Spicer BOSTON (NEWS.GNOM.ES) – The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic conditions, a top Fed policymaker told NEWS.GNOM.ES. Boston Fed President Eric Rosengren said that while it would take a few more weeks to understand the real economic fallout from the market selloff, he could “easily imagine” a scenario in which the U.S. central bank keeps rates near zero until 2016 Continue reading

Ebola fear, monitoring eases for some in Dallas

By MARILYNN MARCHIONE and MIKE STOBBE DALLAS (AP) — Ebola fears began to ease for some Monday as a monitoring period passed for those who had close contact with a victim of the disease and after a cruise ship scare ended with the boat returning to port and a lab worker on board testing negative for the virus. Continue reading

Democrats, Republicans Both Trying to Win Over Women Ahead of the Midterms

Women are slightly more than half the population. They make up the majority of voters and the strong majority of Democratic primary voters Continue reading

Educational Opportunity Grows, But Millions Still Out of School, Out of Work

Speaking with Savion Castro now, you wouldn’t know he was ever off track in his academic career.  The 20-year-old sophomore at the University of Wisconsin—Madison is double majoring in economics and sociology, worked on President Barack Obama’s 2012 re-election campaign and last year helped found a group called “I M Power,” an organization that provides civic education and encourages students to vote.  But Castro could have been one of the 5.6 million young Americans known as disconnected youth – those neither in school nor working. Continue reading

Comedians honor Jay Leno with humor prize in DC

By BRETT ZONGKER, Associated Press WASHINGTON (AP) — The joke was on Jay Leno as comedians saluted the former “Tonight Show” host Sunday when he received the nation’s top humor prize. Jimmy Fallon, Jerry Seinfeld and Wanda Sykes celebrated Leno’s famous work ethic and poked fun as he received the Mark Twain Prize for American Humor at the Kennedy Center in Washington. Continue reading

Yen at around 110 to the dollar a key pain point for Japan firms: NEWS.GNOM.ES poll

By Tetsushi Kajimoto By Tetsushi Kajimoto TOKYO (NEWS.GNOM.ES) – Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a NEWS.GNOM.ES survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy. Over the past two years, Prime Minister Shinzo Abe has sought to boost the economy and cure deflation with bold monetary stimulus that has successfully wrought a much weaker yen. But the yen’s descent against the greenback to a six-year low of 110.09 on Oct Continue reading

Investor group aims to buy Adidas’ Reebok unit: WSJ

NEW YORK (NEWS.GNOM.ES) – An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday. Jynwel Capital, a Hong Kong-based private equity investment and advisory firm run by Jho Low, and the Abu Dhabi government-affiliated funds planned to make the offer imminently in a letter to Adidas directors, the Journal reported, citing unnamed sources close to the matter. Continue reading