- Investors look to earnings for market direction
- Fri, 17 Apr 2015 22:15:13 -0400 -
Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. Investors have grown concerned about the impact of a strong dollar on quarterly results, even as they remain leery of missing out on any rally. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said Keith Bliss, senior vice-president at Cuttone & Co in New York.
- Russia denies German report it is ready to sign gas deal with Greece
- Sat, 18 Apr 2015 11:05:29 -0400 -
MOSCOW/BERLIN (Reuters) - Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. German magazine Der Spiegel, citing a senior figure in Greece's ruling Syriza party, said the advance funds could "turn the page" for Athens, which is now struggling to reach a deal with its creditors to unlock new loans to avert bankruptcy. "No, there wasn't (any agreement)," said Kremlin spokesman Dmitry Peskov, in comments made to Business FM radio and quoted by RIA news agency. Peskov reiterated that the Greeks had not requested financial assistance during talks in the Kremlin earlier this month between Prime Minister Alexis Tsipras and Russian President Vladimir Putin.
- Taurus revamp debuts in China as Ford counters U.S. sedan slump
- Sat, 18 Apr 2015 10:26:27 -0400 -
By Norihiko Shirouzu and Joseph White SHANGHAI/DETROIT (Reuters) - Ford Motor Co's global premiere of its redesigned Taurus sedan in China underscores a shift in its U.S. home market from the big sedan to roomier, utilitarian crossover SUVs. There's a similar trend in China, the world's biggest car market, but there is still a decent appetite among Chinese buyers for large sedans while, in the United States, demand has stagnated. According to research firm IHS Automotive, China's market for large sedans has overtaken the United States, with sales of around 4 million last year, topping the 3.6 million sold in the U.S. By 2020, IHS expects that gap to have widened to 5.3 million large sedans in China and 3.7 million in the U.S. Ford unveiled the Taurus redesign, which it says is aimed specifically for the Chinese market and won't be for sale in the U.S., at a media event on Saturday ahead of the Shanghai autoshow.
- Deutsche Bank leans toward limited revamp with Postbank sale: sources
- Sat, 18 Apr 2015 08:57:36 -0400 -
Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favored by management, sources familiar with the internal discussions at Germany's biggest lender said. Only two management board members support dumping all retail activities, with the other six favoring just selling Postbank, the sources told Reuters, speaking on condition of anonymity as the matter is not public. Seven years after the financial crisis started, Deutsche is looking to overhaul its business after falling far short of its return-on-equity targets and suffering a string of regulatory fines and legal challenges. The choice to keep most retail operations and offload only Postbank, which Deutsche bought in steps for about 6 billion euros ($6.5 billion) starting in 2008, is a concession to credit rating agencies concerned a complete retail exit would raise Deutsche’s risk profile and cost of funding, the sources said.
- Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week
- Fri, 17 Apr 2015 16:12:19 -0400 -
By Robert Gibbons NEW YORK (Reuters) - Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95 to $64.50 after hitting $64.95, its 2015 high, on Thursday. Brent's second straight weekly gain, the fourth in five weeks, was its biggest since a 9.9 percent rally in the week to Oct. 16, 2009.
- Grilled: Lexus seeks design edge over premium rivals
- Sat, 18 Apr 2015 02:27:59 -0400 -
By Norihiko Shirouzu BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design. Tokuo Fukuichi, who is also Lexus' global chief, says the design shock-therapy gives the brand - and conservative Toyota more broadly - the stand-out face it previously lacked. While some industry rivals and design experts say the jagged-edged, trapezoid grille is downright ugly, 63-year-old Fukuichi stands by the drastic makeover, saying it will give Lexus a "unique" edge over German rivals BMW , Audi and Mercedes-Benz particularly in competitive emerging markets such as China, where buyers will pay more for a car that stands out from the crowd. Fukuichi, who was brought back to Toyota from a subsidiary in 2011 and as he was recovering from cancer, says Toyota for too long designed cars by committee – often of several dozen people.
- Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat
- Fri, 17 Apr 2015 13:10:52 -0400 -
Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Barring a last-ditch deal with its creditors, that is likely to leave no money to repay the International Monetary Fund almost 1 billion euros due in the first half of May, although Greece has said it wants to honor its debt obligations. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he tries to convince skeptical foreign creditors to extend his country new financial aid. Greece's finance ministry denied that it would need to tap remaining cash reserves to meet salary payments, without providing any figures.
- GM counting on high-speed Internet services in car to drive profits
- Fri, 17 Apr 2015 14:29:26 -0400 -
Now, as the company prepares to expand the technology to most of its 2016 U.S. models, GM is lifting the curtain on its digital business strategy. During a recent investor presentation, company executives put a number on their 4G expectations for the first time, saying they expect to reap at least $350 million in improved profits over the next three years from adding the OnStar 4G systems to its cars. GM is the first automaker to reveal its projections, but it is not alone in chasing digital profits. As in-car broadband usage grows, GM's estimates could turn out to be conservative, some analysts say, since the potential for revenues from in-car broadband connections are still being developed. Taking a cut of e-commerce transactions conducted on in-car systems is one obvious revenue generator, but automakers also expect that software upgrades pushed through a broadband connection will one day save them hundreds of dollars per car in repair costs.
- G20 more upbeat on growth, but officials fret over Greece
- Fri, 17 Apr 2015 18:52:21 -0400 -
The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery. In a communique after a two-day meeting, G20 finance ministers and central bankers welcomed brighter economic signs in rich nations, but lamented weakness in emerging markets. "Risks to the global economy are more balanced since we last met," the finance officials said.
- Wall Street falls steeply with China, Greece fears paramount
- Fri, 17 Apr 2015 16:51:54 -0400 -
Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors losing ground. The Dow and S&P 500 both snapped two weeks of gains. For the week, the Dow was down 1.3 percent, the S&P 500 down 1 percent and the Nasdaq down 1.3 percent. China's securities regulator warned investors to be cautious as Chinese shares hit seven-year highs.
- 10 Movie Mantras That Could Change Your Life
- Sat, 18 Apr 2015 12:24:58 -0400 -
Inspiration can come from anywhere and anyone. Mine often comes from books and movies -- books and movies that combine life stories with a spiritual journey.Here are my 10 inspirational mantras and movie quotes that may impact you the same way it does to me. 1. To live is to explore."To see the world, things dangerous to come to, to see behind...
- The world as a work of digital art
- Sat, 18 Apr 2015 11:00:00 -0400 -
- Top iOS news of the week: Halo, WWDC, Apple buys keyboard
- Sat, 18 Apr 2015 10:00:04 -0400 -
In iOS this week we saw Microsoft release Halo for iOS, Apple's big developer conference was announced, and Apple bought an Android keyboard app maker.
- Recommended Reading: The problem with Record Store Day
- Sat, 18 Apr 2015 09:30:00 -0400 - Recommended Reading highlights the best long-form writing on technology and more in print and on the web. Some weeks, you'll also find short reviews of books that we think are worth your time. We hope ...
- How to solve Silicon Valley's diversity challenges? Google has ideas
- Sat, 18 Apr 2015 08:00:06 -0400 -
Google says it knows Silicon Valley needs to do a better job of employing women and minorities. One company program hopes to solve the problem by looking to historically black colleges.
- Top Android news of the week: Cyanogen, Verizon on security, install apps in search
- Sat, 18 Apr 2015 08:00:05 -0400 -
In Android this week we had news of Cyanogen teaming up with Microsoft, Google will let searchers install Android apps from within search results, and Verizon says Android security is not very good.
- Give your iPhone or iPad a storage boost
- Sat, 18 Apr 2015 06:15:03 -0400 -
The iPhone and iPad are wildly popular devices, but if you're one of those people who likes to carry a lot of data with them, you've probably at one time or another hit a storage limit. Here's how you can add more storage to your iPhone or iPad quickly and easily - no jailbreaking or cracking your device open required.
- Tiny trackpad uses your thumbnail to navigate devices
- Sat, 18 Apr 2015 04:33:00 -0400 -
- If you want to chat on Steam, spend at least $5
- Fri, 17 Apr 2015 23:37:00 -0400 -
- Justice Department may try to block the Comcast / TWC merger
- Fri, 17 Apr 2015 22:29:00 -0400 -
- Crave Ep. 200: Forget maps and let leg electrodes guide you there
- Fri, 17 Apr 2015 21:18:20 -0400 -
Researchers have found a way to get people where they want to go using electrodes attached to the legs. Are humans the future of GPS?
- Why You Need Emotional Intelligence to Succeed
- Fri, 17 Apr 2015 21:07:08 -0400 -
When emotional intelligence first appeared to the masses, it served as the missing link in a peculiar finding: people with average IQs outperform those with the highest IQs 70 percent of the time. This anomaly threw a massive wrench into what many people had always assumed was the sole source of success -- IQ. Decades of research now point to...
- 12 Tips to Network Like a Boss
- Fri, 17 Apr 2015 21:01:10 -0400 -
When I was a bright-eyed 22-year-old college graduate, I emailed my resume to hundreds of companies hoping to break into public relations. I landed a job at the only PR firm that called to interview me because I knew someone who worked there.Years later when I was freelancing, my network helped me pay the rent. When I moved to a new city,...
- Scientists want to blast space debris with frickin' lasers
- Fri, 17 Apr 2015 20:43:00 -0400 -
- Boomer Lifestyle Tools and Products for the Post Woodstock Generation
- Fri, 17 Apr 2015 20:24:41 -0400 -
Woodstock it was a mess and don't let anyone tell you different. It was hot, cold, dirty, muddy, and smelly and most of the time you couldn't even hear the music. But, epic nevertheless. Regardless, the culture was shifted as never before and the legacy of Woodstock lives on stamped into the DNA of American culture. Fast forward to today's...
- Individual Character: It's Still an Important Factor in Success
- Fri, 17 Apr 2015 20:14:48 -0400 -
Photos courtesy of Dr. J. Phillip LondonDr. J. Phillip London undoubtedly made tough decisions during his 23-year tenure as CACI International Inc.'s Chief Executive Officer (CEO) -- and his continuing role as Chairman of the Board. During his tenure and afterwards, Dr. London's commitment to moral/ethical leadership and character development...
- Adaptalux is a modular lighting system for macro photography
- Fri, 17 Apr 2015 19:14:00 -0400 - Every now and then, there are projects on Kickstarter designed for a niche group of people. Adaptalux is one of those: it's a modular, flexible and nearly pocket-sized lighting studio for macro photography ...
- Is Siri Really Going to Replace Your Insurance Agent?
- Fri, 17 Apr 2015 18:57:23 -0400 -
Look back 20-30 years ago and every family or consumer got to know their insurance agent through home visits. The business model was predicated upon a small business owner (an "agent") who was active in the community, built relationships up over time and knew most of their customers on a first name basis. There was no anonymity in the...
- Factory new DeLoreans and the 'Game of Thrones' life cycle: Our favorite videos from the week
- Fri, 17 Apr 2015 18:48:31 -0400 -
A roundup of our favorite CNET videos from news, reviews and more.
- FBI pulls computer security expert off flight, after he tweets about hacking its systems
- Fri, 17 Apr 2015 18:31:56 -0400 -
Technically Incorrect: Chris Roberts says he sent his tweet because he's frustrated that a security flaw isn't being addressed.
- MakerBot lays off one-fifth of its workforce
- Fri, 17 Apr 2015 18:27:00 -0400 - MakerBot is perhaps the most well-known consumer 3D printer company on the market, having sold tens of thousands of Replicators since its start in 2009. It's a large part of why Stratasys, an industrial ...
- Uber's background checks don't catch criminals, says Houston
- Fri, 17 Apr 2015 18:19:20 -0400 -
After a passenger was allegedly raped by her Uber driver, the Texas city threatens to shut down the ride-hailing service. Uber says it will comply with the city's rules.
- Feds OK plan to free up airwaves for smartphones
- Fri, 17 Apr 2015 18:17:16 -0400 -
FCC approves plan to share airwaves previously used by the military to help mobile operators keep up with wireless data demands.
- Jay Z has been calling Tidal subscribers personally while CEO bows out
- Fri, 17 Apr 2015 18:12:14 -0400 -
Tidal's new owner Jay Z has been calling customers personally to thank them for subscribing, while CEO Andy Chen has left the company.
- 4 Things Not to Do After a Performance Review
- Fri, 17 Apr 2015 17:50:12 -0400 -
Most employees and their managers would agree that the best part of a performance review is when it's over. In reality, that is precisely when the hard work actually begins. Whether you aced your last performance review or were given a litany of complaints about your failings, the most important thing you can do now is follow up. Don't just...
- New movies and TV shows on Amazon for May 2015
- Fri, 17 Apr 2015 17:39:36 -0400 -
Did you know that if you're an Amazon Prime subscriber, you have access to a ton of movies and TV shows as a part of your subscription? Truthfact. Here are the newest videos with which to veg out.
- Three Ways to Improve Your Online Check-Out Experience
- Fri, 17 Apr 2015 17:32:47 -0400 -
How is it that only 32% of online check outs are completed? According to Baymard Institute 68% of online shopping carts are abandoned before checkout. All eCommerce stores ask themselves what seems to be the disconnect between the customer and taking these final steps to proceed with a purchase. Kissmetrics also lays out an analysis of the Fogg...
- The slow, unsettling burn of Owl Cave's indie horror
- Fri, 17 Apr 2015 17:30:00 -0400 - Owl Cave popped onto the indie scene in 2013 with a macabre, witty point-and-click adventure called Richard & Alice, which received a slew of rave reviews. Studio co-founder Nina White specializes in crafting ...
- Learning Resilience From Hillary Clinton
- Fri, 17 Apr 2015 17:24:24 -0400 -
Last year Hillary Clinton said one of the best pieces of advice she has ever heard from anyone is by Eleanor Roosevelt in the 1920s, who said that women in politics or in public roles should grow skin like a rhinoceros. Hillary thinks there is some truth to that and in addition she advises, "Learn how to take criticism seriously but not...
- San Francisco introduces free, solar-powered electric vehicle charging
- Fri, 17 Apr 2015 17:18:33 -0400 -
In a demonstration project, San Francisco unveiled three installations of an off-the-grid solar-powered charging station, allowing electric vehicle owners to pull up and charge for free.