THE security guards at the foot of Antilia, a 27-floor private residence in Mumbai, while away the days just as all bored Indians have been doing in recent months—watching movies on their phone. Using a mobile network to stream endless Bollywood epics would until recently have been an unthinkable luxury, even in the rich world. […]
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WHEN you are the chief executive of a public company, the temptation to opt for a merger or acquisition is great indeed. Many such bosses may get a call every week or so from an investment banker eager to offer the kind of deal that is sure to boost profits. Plenty of those calls are […]
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A COMPANY that moves up the value chain from refrigerator parts to cars is impressive but not that surprising. A car company that buys an investment bank is audacious. But Zhejiang Geely Holding Group, a conglomerate based in Hangzhou, China, did not become big by paring its ambitions. Having successfully made the fridge-parts-to-cars transition at […]
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LIKE any mechanic with a misfiring car, Ford’s new boss has had his head under the bonnet working out what needs attention. Jim Hackett emerged on October 3rd with a checklist of repairs to present to investors, who have been awaiting his diagnosis since he took over in May. The list is short but the […]
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ALEXANDRE RICARD wants to talk boxing. He runs Pernod Ricard, a firm that sells Chivas whisky and Absolut vodka, among other drinks. Formed by his grandfather in 1975, with roots in a Pernod distiller set up in 1805, it is the world’s second-largest seller of wine and spirits, with a market capitalisation of €32bn ($37bn). He […]
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HERE’S the job spec. Unite a deeply divided board. Keep a strong-willed founder under control. Immediately recruit a new chief financial officer. Negotiate with angry local regulators intent on closing down the business in their city. Convince courts that the company does not have to provide its contract workers with the benefits due to […]
Read moreThe hit to delivery service companies’ stocks on fears that Amazon will disrupt the industry might have some staying power, CNBC’s Jim Cramer said Thursday. UPS and FedEx shares fell Thursday after a Bloomberg News report said that the online retailer is experimenting with a new delivery program called “Seller Flex” and that it plans […]
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Spain’s Constitutional Court has suspended a session of the Catalan parliament scheduled for Monday in which local leaders were expected to declare Catalonia’s unilateral independence from Spain. The ruling followed a legal challenge by the Catalan Socialist Party, which opposes secession, according to El Pais newspaper. Source: cnbc Spain's constitutional court suspends Catalan parliament session […]
Read moreNetflix said on Thursday it is raising the monthly price of some of its streaming plans. Shares of Netflix jumped more than 3 percent following the news. The company’s $10/month high-definition plan now costs $11, according to changes reflected on Netflix’s subscription page. Netflix’s 4K streaming plan, which provides higher-quality content, will cost $14 per […]
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