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Judge dismisses turnaround guru’s racketeering case vs McKinsey

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WILMINGTON, Del (Reuters) – A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies. FILE PHOTO: The logo of consulting firm McKinsey and Company is seen at the high profile startups and high tech leaders gathering, Read More

WeWork to test IPO investor appetite with widening losses

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(Reuters) – WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month. The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, Read More

CBS, Viacom reunite with plans for bigger role in streaming TV wars

6 days ago DieselGasoil Comments Off on CBS, Viacom reunite with plans for bigger role in streaming TV wars
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants. FILE PHOTO: A trader works below the CBS Corporation logo on the floor Read More

CBS, Viacom reach deal to reunite Sumner Redstone’s media empire

6 days ago DieselGasoil Comments Off on CBS, Viacom reach deal to reunite Sumner Redstone’s media empire
FILE PHOTO: A trader works below the CBS Corporation logo on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., May 14, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment Read More

Apple drives Wall Street higher as U.S. delays some tariffs

6 days ago DieselGasoil Comments Off on Apple drives Wall Street higher as U.S. delays some tariffs
(Reuters) – U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc. The administration also excluded video game consoles and certain items of footwear and clothing from Read More

Apple leads Wall Street surge as U.S. delays on tariffs

6 days ago DieselGasoil Comments Off on Apple leads Wall Street surge as U.S. delays on tariffs
(Reuters) – U.S. stocks surged almost 2% on Tuesday as the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 5% surge in shares in iPhone maker Apple Inc. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Exclusive: Google’s jobs search draws antitrust complaints from rivals

7 days ago DieselGasoil Comments Off on Exclusive: Google’s jobs search draws antitrust complaints from rivals
BRUSSELS/SAN FRANCISCO (Reuters) – Google’s fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits. FILE PHOTO: Small toy figures are seen in front of Google logo in this Read More

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

1 week ago DieselGasoil Comments Off on Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
MUMBAI/COLOMBO (Reuters) – India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet’s Google. FILE PHOTO: A man walks past a Reliance Industries Limited Read More