Business

The asset management division of Germany’s largest bank began trading on the country’s stock exchange Friday. Shares of Deutsche Bank‘s DWS edged higher in their stock market debut on the Frankfurt stock exchange, with the listing likely to galvanize the mood among other pending German flotations. The opening share price of 32.55 euros apiece was
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In another expansion of his independent film and television empire, Byron Allen has added the Weather Channel to his Entertainment Studios portfolio. Terms of the deal were not disclosed, but reports peg the acquisition at around $300 million. Allen, the sole owner of Entertainment Studios, bought the parent company Weather Group through his company Allen
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WHETHER IBM IS STAYING WITHIN U.S. age laws as it cuts from and adds to its workforce turns largely on how and why the company chooses individuals to be eliminated. While executives say they never target older workers, internal company documents and interviews suggest otherwise. Consider, for example, a planning presentation that former IBM executives
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From retail to consultancy groups, Germany has an array of thriving industries to work in, and according to LinkedIn’s latest rankings, technology is one of the most sought-after sectors. In LinkedIn’s 2018 “Top Companies” list, the professional networking platform uncovered the top 25 businesses to work for in Germany by analyzing the level of retention,
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U.K.-based financial technology start-up Revolut has a new product aimed at tackling online card fraud. The mobile-only banking service has unveiled a “disposable” virtual card that wipes a user’s card details and introduces new details each time they make a payment. Usually when people make an online payment, they enter card details which online retailers
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Daniel Acker | Bloomberg | Getty Images Soft red winter wheat is harvested with a John Deere & Co. combine harvester in aerial photograph taken over Kirkland, Illinois. U.S. tractor maker Deere & Co is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural
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IBM has unveiled a new blockchain product that lets start-ups and developers build their own distributed ledger projects. The service is a cheaper alternative to Big Blue’s current enterprise plan for firms looking to develop blockchain applications. Blockchain, otherwise known as distributed ledger technology, is a massive distributed database that maintains a growing record of
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Yasuyoshi Chiba | AFP | Getty Images Dry weather in Brazil is worrying soybean traders, sending prices up amid the backdrop of rising consumption in China as the middle class grows. U.S. subsidies for its soybean farmers have given them an unfair competitive advantage in selling to China and strong restrictive measures need to be
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Six months after Hurricane Maria slammed into Puerto Rico, approximately 121,000 residents remain without power. Progress has been slow and frustrating for those who live in Maria’s path. Throughout the island, the nearly Category 5 hurricane caused widespread destruction, flooding and mudslides that destroyed crops, wiped out telecommunications systems and decimated the island’s antiquated power
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Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years. The development of new features for the
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Converting malls into multi-service mini villages may be the key to using unoccupied real estate in the retail market, said Amanda Nicholson, professor of retail practice at Syracuse University. “We don’t need all the mall space we have just for shopping,” Nicholson told CNBC on Monday. Instead, Nicholson suggested integrating residential units, health clubs, grocery
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If it’s difficult to uproot your business, talk to your accountant about whether it makes sense to change your company’s structure from a pass-through entity to a C-corp. Under the new tax law, pass-through entities — including S-corps, partnerships and limited liability companies — may qualify for a 20 percent deduction of qualified business income.
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Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department document. The draft Federal Register notice, which is expected to be published later on Friday evening and was
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Qualcomm said Friday that Paul Jacobs will not be renominated to the chipmaker’s board of directors at its annual shareholder meeting on March 23. The company said the decision was made after Jacobs informed the board that he is exploring the possibility of taking the $88 billion company private. But Jacobs said in a statement
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The year 2017 was a tough one for General Electric Co., and its top executives’ bonuses reflected that — though there was still plenty of compensation doled out. The Boston-based company awarded only one of its senior executives a cash bonus in 2017, according to a proxy filing Monday. Neither current CEO John Flannery nor
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More than 100 CSX Corp. employees who were fired or suspended for their use of federally-protected medical leave filed suit Tuesday in Maryland. The suit comes on the heels of a suit that 46 fired employees filed in West Virginia in February, which also alleged CSX disciplined employees for fraud and dishonesty without evidence. “While
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The sold-out event attracted a diverse group of around 800 people — representatives of blockchain start-ups, cryptocurrency investors, hedge-fund managers, bankers and accountants from all across the U.S. Patrick Moynihan, the CEO of Blockchain Industries, said blockchain is not merely a technology, it is a movement led by individuals who not only want to boost
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Getty Images People walk past the entrance to the Goldman Sachs investment offices in Peterborough Court on October 10, 2016 in London, England. Goldman Sachs on Friday reported a mean gender pay gap in Britain for its international business of 55.5 percent and a mean bonus gap for the unit of 72.2 percent. That gulf
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Switzerland, Luxembourg and Panama have topped a list of countries seen as being “open for business” in a survey of 21,000 people around the world. Luxembourg, which came first, and Switzerland (second), did well in business terms for their favorable tax environments and transparent governments, while Panama’s cheap manufacturing and its reputation as a tax
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Unilever, Britain’s third-biggest company, will scrap its London corporate headquarters and make Rotterdam its sole legal home in a blow to Prime Minister Theresa May’s government ahead of Brexit. The maker of Dove soap and Ben & Jerry’s ice cream last year announced a review of its dual-headed structure after fighting off a $143 billion
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