This article was sourced from NY Times. Article by Reuters. ROME — Italy has abolished voucher payments for workers, which were highly popular with employers, to avoid a bruising referendum championed by the country’s main union, Prime Minister Paolo Gentiloni said on Friday. Payment by vouchers was introduced in 2008 as an experiment for seasonal farm […]
This article was sourced from Bloomberg Markets. Article by Heather Burke and Mark Schofeit. David Rockefeller, the U.S. banker, philanthropist, presidential adviser and heir to one of history’s most fabled fortunes, has died. At 101, he was the world’s oldest billionaire. He died Monday at his home in Pocantico Hills, New York, according to an emailed […]
This article was sourced from Bloomberg Markets. Article by Wei Lu and Vincent Del Giudice. When it comes to living a long life, Italy is the place to be. The high-heeled boot surrounded by five seas is ranked the healthiest country on Earth in the Bloomberg Global Health Index of 163 countries. A baby born in Italy […]
This article was sourced from JD Supra. Article by Cozen O’Connor. The Bankruptcy Court for the Western District of Missouri declined to recognize a mediation privilege in In re Lake Lotawana Community Improvement District, 2016 WL 7984347 (Bankr. W.D. Mo. Sept. 19, 2016), despite the fact that it conceded that other circuits have done so. Lake […]
This article was sourced from Business Insider. Article by Rob Price. LONDON — Britain’s shock vote to leave the European Union last summer has engulfed the UK’s tech industry in confusion — with concerns over everything from visas for foreign workers to the future of funding for venture capital firms. But this hasn’t dampened people’s optimism […]
This article was sourced from The Irish Times. Article by Derek Scally. German banks say asking prices out of step with reality Billy Telford scored a coup for his Berlin property company, Next Estate, when he nabbed Ai Weiwei as the Chinese art superstar happened to be passing by the shop one day last year. Telford, […]
This article was sourced from Reuters. Article by Sruthi Ramakrishnan. Department store operator J.C. Penney Co Inc (JCP.N) reported a bigger-than-expected drop in same-store sales for the holiday quarter citing weak demand and competition from online retailers, sending shares down to more than a year low. The company on Friday also said it would shutter 130-140 underperforming […]
This article was sourced from Business Insider. Article by Hayley Peterson. A tidal wave of store closures is about to hit the US, and the result could be catastrophic for hundreds of lower-tier shopping malls. JCPenney announced Friday that it would close up to 140 stores in the next couple months. That follows decisions by Macy’s […]
This article was sourced from Bloomberg Technology. Article by Ellen Huet. Online grocery delivery startup Instacart Inc. has raised a $400 million round of venture funding, said people familiar with the deal. With the additional capital, the San Francisco-based company’s valuation has risen to $3.4 billion, said the people, who asked not to be identified because the matter […]
This article was sourced from Bloomberg. Article by Karl Lester M Yap. The Sule Pagoda in Yangon.Photographer: Brent Lewin/Bloomberg Myanmar’s economy is among the global pacesetters in terms of growth. By most other measures, it’s one of the laggards — a legacy of five decades of isolationist military rule. The optimism that greeted the Southeast Asian […]
This article was sourced from Business Insider. Article by Rachael Levy. The world’s third largest asset manager just installed a bronze statue of a defiant girl in front of Wall Street’s iconic charging bull as part of its new campaign to pressure companies to add more women to their boards. State Street Global Advisors, a nearly […]
This article was sourced from Bloomberg. Article by Ellen Huet. There are a few early clues that a startup will be successful, according to market researcher Quid: Have the company’s founders worked together before? Is the business in a hot sector, one where many other new startups are also focusing? Has it raised funding at a […]
This article was sourced from Bloomberg. Article by Shelly Hagan. After a euphoric market debut, Snap Inc. shares dropped for the first time in three days and fell below the opening price of $24 on their first day of public trading after analysts began weighing in with their thoughts on the company’s true valuation. The parent company […]
This article was sourced from Bloomberg. Article by Eddie Van Der Walt. Rhodium’s on the best run in a decade on expectations of more demand for the material that’s used in cleaning toxic car emissions. One of the rarest precious metals, it climbed the past seven months and is up 19 percent this year, outperforming most […]
This article was sourced from Business Insider. Article by Mary Hanbury. Dallas Thompson has been fantasizing about a J. Crew purple cocoon coat for weeks. Unfortunately, the $US259 coat doesn’t come in her size. Thompson, who runs herown fashion blog, is a size 24. Shopping for fashionable clothes in her size can be a nightmare. “It’s […]
This article was sourced from Bloomberg. Article by Dough Alexander and Katia Dmitrieva. Canada’s financial industry is urging the federal government to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults through a deductible — calling it one of the biggest shakeups to hit housing finance in 50 […]
This article was sourced from Bloomberg. Article by Jan-H Foerster and Jeffrey Vogeli. Credit Suisse Group AG’s push to expand in some areas of trading and across its wealth management businesses will make it harder to build up capital buffers at the same pace as last year, Chief Financial Officer David Mathers said. After selling billions […]
This article was sourced from Bloomberg. Article by Rahul Karunakar. Euro zone manufacturing growth accelerated to a six-year high in February as a weaker euro helped drive strong demand for its exports, with inflationary pressure showing further signs of recovering, a business survey showed. While the upturn in euro zone factory activity was not shared by […]
This article was sourced from LinkedIn. Article by Steve Blakeman. “They have one job to do. One job to do!” said Cheryl Boone Isaacs, President of the Film Academy. And boy did they mess that one job up. As a consequence, the accountants responsible for collecting votes and handing out the envelopes, Brian Cullinan and Martha Ruiz […]
This article was sourced from Byrne Wallace. Article by John Fitzgerald. In McFeely v Official Assignee in Bankruptcy [2017] IECA 21, a judgment delivered by Mr. Justice Peart on 2nd February 2017, the Court of Appeal has reiterated the importance of maintaining the integrity of the bankruptcy process in Ireland, and in so doing has provided […]