- Cost cuts help Coca-Cola beat profit expectations
- Tue, 09 Feb 2016 07:35:37 -0500 -
(Reuters) - Coca-Cola Co reported a better-than-expected quarterly profit, helped mainly by aggressive cost-cutting. Coca-Cola is also trying to boost sales by raising prices and diversifying into beverages such as cold-pressed juices and energy drinks. Net operating revenue fell 8 percent, the third straight quarterly drop. Excluding the impact of acquisitions, divestitures and foreign currency, sales declined 1 percent. However, net income attributable to shareholders jumped 60.6 percent to $1.24 billion, or 28 cents per share, in the fourth quarter ended Dec. 31. ...
- Viacom sales miss estimates, shares drop; CEO hits out at critics
- Tue, 09 Feb 2016 10:19:24 -0500 -
Chief Executive Philippe Dauman, who replaced 92-year-old majority-owner Sumner Redstone as executive chairman last week, hit back at critics suggesting he may not be able to turn around the media company's fortunes. Redstone, who is now chairman emeritus, was on the call, according to Viacom, but did not speak. Redstone stepped aside as executive chairman at Viacom and his other large majority holding CBS Corp last week, amid doubts about his mental fitness.
- Wall St. turns positive after weak start as tech rebounds
- Tue, 09 Feb 2016 10:20:37 -0500 -
Six of the 10 major S&P sectors were lower, led by a 0.9 percent rise in the technology sector . "The general thematic continues to be the European banking situation that has unhinged the risk market and slowly crept into the credit markets," said Chad Morganlander, portfolio manager at Stifel, Nicolaus & Co in Florham Park, New Jersey.
- U.S. wholesale inventories, sales fall in December
- Tue, 09 Feb 2016 10:08:08 -0500 -
U.S. wholesale inventories slipped in December for a third straight month as businesses continued to reduce unsold merchandise, suggesting the advance fourth-quarter economic growth estimate could be revised slightly lower. The Commerce Department said on Tuesday wholesale inventories dipped 0.1 percent. November inventories were revised down to show a 0.4 percent drop instead of the previously reported 0.3 percent decline.
- Google CEO Pichai receives stock grant worth about $199 million
- Tue, 09 Feb 2016 00:33:31 -0500 -
(Reuters) - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc . Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. The valuation is based on the stock's closing price on that date. On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said. (http://1.usa.gov/1PhAHCI). ...
- Goldman CEO eyes more cost cuts amid global growth concerns
- Tue, 09 Feb 2016 09:29:47 -0500 -
Goldman Sachs Group Inc's chief executive officer signaled the U.S. bank could cut costs yet again as market turmoil, declining oil prices and concerns about Germany’s Deutsche Bank AG have cratered the sector's shares this year. "We can absolutely do a lot more on the cost side if we have to, especially now, when you have to deliver a return," CEO Lloyd Blankfein said on Tuesday while speaking at the Credit Suisse financial services forum in Miami. "We take a particular and energetic look at continued cost cuts when revenues are stalled ... Necessity is the mother of invention." Goldman, like its Wall Street peers, is grappling with low interest rates and strict regulations that have curbed profits in areas like fixed income trading.
- IEA sees global oil glut worsening, OPEC deal unlikely
- Tue, 09 Feb 2016 04:51:10 -0500 -
By Dmitry Zhdannikov LONDON (Reuters) - The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low as $10 per barrel, it was equally hard to see how they could rise significantly from current levels. The Paris-based IEA trimmed its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day (bpd) following a five-year high of 1.6 million in 2015.
- Facebook's India stumble could embolden other regulators
- Tue, 09 Feb 2016 06:40:57 -0500 -
By Jeremy Wagstaff and Himank Sharma SINGAPORE/MUMBAI (Reuters) - India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users. Facebook will have to reconsider its approach in the light of India's new rules preventing Internet service providers from having different pricing policies for accessing different parts of the Web, analysts said. "This is a major setback for Facebook," said Naveen Menon, lead analyst at A.T. Kearney in Singapore.
- Obama to lay out 2017 spending priorities in final White House budget
- Tue, 09 Feb 2016 08:51:38 -0500 -
U.S. President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. "That document ... will be President Obama's final vision of how he lays out the fiscal future for the country," said Joel Friedman, vice president for federal fiscal policy at the Center on Budget and Policy Priorities. Congress can advance elements of the budget without endorsing the entire proposal, which is likely to call for roughly $4 trillion in total spending, in line with Obama's $3.99 trillion proposal for fiscal year 2016.
- Corporate winners of Obama budget still face long odds
- Mon, 08 Feb 2016 15:47:54 -0500 -
By Lewis Krauskopf NEW YORK (Reuters) - Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader. Added funding could benefit suppliers such as Delphi Automotive, Autoliv and Mobileye, which are developing safety features for autonomously driven cars, and Lear, which makes electrical power systems, according to Brian Sponheimer, analyst at Gabelli & Co. "The market discounts that any proposals by this administration will be if not ignored, then outright put down," Sponheimer said. "There clearly is upside if it passes, but there is a very healthy skepticism that that is likely to take place." Obama's plan to fund an overhaul of the nation's infrastructure through a $10-a-barrel tax on crude oil could also boost engineering and construction firms such as Granite Construction said Morris Ajzenman, an analyst at Griffin Securities.
- Stocks edge lower in early trading on Wall Street
- Tue, 27 Nov 2012 09:42:32 -0500 - Stocks are edging lower on Wall Street in early trading as investors take little solace from the latest deal to deliver financial help to Greece and an increase in U.S. home prices.
- Bank of England keeps interest rates steady
- Thu, 05 Jun 2014 07:02:53 -0400 - LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britain's economic recovery.
- On Safer Internet Day, adults ask teens for help
- Tue, 09 Feb 2016 10:19:12 -0500 -
The annual event tries to quash bullying and cruelty among kids on the Internet by enlisting their peers.
- 'Happy Birthday' settlement puts the song in the public domain
- Tue, 09 Feb 2016 10:19:00 -0500 -
- Fighting games to fairy tales: The unlikely story of 'Unravel'
- Tue, 09 Feb 2016 10:00:00 -0500 -
- iPhone puzzle games are no match for this robot
- Tue, 09 Feb 2016 09:41:00 -0500 -
- Uber shuts down its app in Paris to support driver protest
- Tue, 09 Feb 2016 09:21:00 -0500 -
- Five Android apps for DIY projects
- Tue, 09 Feb 2016 09:19:00 -0500 -
DIYers know the value of a handy app. But in the realm of DIY, the apps tend to be craft-focused. The ones on this list are anything but.
- UK intelligence committee slams IP Bill for being too vague
- Tue, 09 Feb 2016 09:14:00 -0500 -
- Troll hunter: Twitter cracks down on abuse with new trust and safety group
- Tue, 09 Feb 2016 09:03:00 -0500 -
After a number of high-profile defections from Twitter because of trolling, the micro-blogging service has now unveiled a new Trust and Safety Council to help guide its policies against abuse.
- StreamAnalytix 2.0 adds support for Spark
- Tue, 09 Feb 2016 09:00:06 -0500 -
GUI tool for streaming data processing adds support for Spark Streaming to its support for Apache Storm.
- Everything you need to know about Deadpool before 'Deadpool'
- Tue, 09 Feb 2016 09:00:05 -0500 -
At a loss when it comes to Marvel's Merc with a Mouth? Let's jump in at the shallow end and wade through the Deadpool. (That's funny because his name is Wade).
- Cloud computing goes hybrid as the norm: AWS, VMware, Azure duke it out
- Tue, 09 Feb 2016 09:00:03 -0500 -
A RightScale annual survey shows enterprises are going hybrid cloud in a hurry, but there will be a multiple vendor landscape with cost optimization challenges.
- ICYMI: Robot news round-up, 3D hand scanner and more
- Tue, 09 Feb 2016 09:00:00 -0500 -
- 3Doodler is back with a cute, safe 3D printing pen for kids
- Tue, 09 Feb 2016 09:00:00 -0500 -
- Web snooping law: Rushed, unclear, and lacking in privacy protection
- Tue, 09 Feb 2016 08:47:00 -0500 -
An influential group has called for changes to the government's controversial web surveillance plans.
- iPhone 'Error 53': What we know
- Tue, 09 Feb 2016 08:45:00 -0500 -
Being hit by 'Error 53' is bad news for any iPhone owner. Here's what we know about this error so far.
- The internet of military things: Logistics dream, security nightmare?
- Tue, 09 Feb 2016 08:39:14 -0500 -
IoT is a natural for the military, not just on equipment but for health monitoring on soldiers. But oh, what an attack surface!
- NASA's Curiosity offers another 360-degree peek at Mars
- Tue, 09 Feb 2016 08:31:00 -0500 -
- The best coding language courses, now up to 95 percent off
- Tue, 09 Feb 2016 08:10:00 -0500 -
- Hisense, Palsonic fail Baptist World Aid's human rights test while 50 others scrape by
- Tue, 09 Feb 2016 08:01:03 -0500 -
56 electronics companies were graded on their approach to monitoring their supply chain by Baptist World Aid, with not one receiving an A and only 20 receiving a B-level score.
- Four ways to share your exact location with family (and why)
- Tue, 09 Feb 2016 08:00:03 -0500 -
Do you know where your family is? You do now with these handy apps designed to share or track locations using your phone. Peace of mind is priceless.
- Withings Hy-result analyzes your blood pressure
- Tue, 09 Feb 2016 08:00:00 -0500 -
- Amazon Japan has free on-call wine advisors
- Tue, 09 Feb 2016 07:45:00 -0500 -
- France to Facebook: Stop tracking everyone on the internet
- Tue, 09 Feb 2016 07:42:00 -0500 -
Facebook has been given three months by France's data-protection watchdog to stop sending data to the US and violating users' right to privacy.
- Worst tech mergers and acquisitions: Novell and Linux, Borland and Ashton-Tate
- Tue, 09 Feb 2016 07:38:00 -0500 -
A corporate merger, like a marriage, can yield a whole stronger than its parts -- or it can end in utter disaster. In ZDNet's ramp up to Valentine's Day 2016, we countdown the worst corporate romances in IT history.
- Seven tips to tap into Word's AutoText power
- Tue, 09 Feb 2016 07:02:57 -0500 -
Word's AutoText feature is like AutoCorrect on steroids. Once you master a few tricks and shortcuts, you'll wonder how you ever got along without it.
- Raspberry Pi: New NOOBS and Raspbian releases
- Tue, 09 Feb 2016 06:57:51 -0500 -
Updated images are available for NOOBS (1.6.0) and Raspbian (2016-02-03). Existing system can simply be updated in place.
- Steve Jobs, film review: Backstage at a three-act play
- Tue, 09 Feb 2016 06:50:00 -0500 -
This Danny Boyle/Aaron Sorkin biopic, whose DVD release is imminent, tries to pack an eventful career into just over two hours. How well does it succeed?
- So... What is #NoLetUp! ???
- Tue, 09 Feb 2016 06:48:31 -0500 -
There's a buddy of mine named Tony Luisi, whom I met when I was at 1-800-Flowers. He was on my team and supported me with corporate sales and a lot of other things. A very active guy, a ball player and a Dad, Tony started using the phrase "No Let Up," with regard to honoring persistence and a relentless spirit, and fund-raising purposes for...