Business

Accelerating growth, alongside increasing price pressures, will be welcomed by policymakers at the ECB who last month took a step towards weaning the euro zone off loose money. “We’ve been of the view that the PMIs have been in quite hawkish territory for some time now. If you continue to get numbers this strong there
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A balloon was blown into a tree and popped at the Macy’s Thanksgiving Day Parade, but no one was injured. An Associated Press reporter was on hand as a gust of wind carried a candy-cane balloon into a branch around 10:30 a.m. ET near the start of the parade route on Manhattan’s Upper West Side.
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As the number of workers taking international assignments increases, companies have more responsibility to look after their LGBTI employees who face persecution while on assignment. Russia, Nigeria, Saudi Arabia and Indonesia are becoming some of the most challenging expatriate assignment destinations for multinational firms, according to relocation business BGRS. This is in part because these
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Meg Whitman expressed strong confidence in her successor to the helm of Hewlett Packard Enterprise, President Antonio Neri, Wednesday, just one day after announcing she would step down as CEO. “Antonio’s ready, the company’s ready, and it’s the right time,” Whitman said in an interview with CNBC’s “Squawk on the Street.” “I’ve said for many
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CBS and PBS severed ties with journalist Charlie Rose Tuesday amid allegations of sexual misconduct. Rose hosted the interview program “Charlie Rose,” which aired on PBS and Bloomberg. He was also a co-host of “CBS This Morning” and a contributing correspondent on CBS’ “60 Minutes.” CBS News President David Rhodes detailed the decision to fire
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The Nintendo Switch gaming console, yoga pants, gold accessories and Sherpa hoodies are some of Cowen and Co.’s favorite holiday gifts this season. The firm also thinks 2017 is a time for smaller brands, such as men’s shirt maker Untuckit, athletic apparel brand Outdoor Voices and mattress retailer Casper, to win shoppers’ dollars. “Given the
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Uber said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving forward. The consortium plans to inject $1 billion to $1.25 billion into Uber, and buy up to 17 percent of existing shares in a secondary transaction. SoftBank has also been a big investor in
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The $474 billion firm is taking more risks to secure offline, rural and overseas buyers as China’s urban e-commerce market shows signs of saturating, including purchasing extensive infrastructure which it had previously avoided. “They’re getting into a territory that’s not their core strength … for example securing a property, the licences to sell certain products,
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The Navy said Friday an aircrew in the Pacific Northwest was responsible for creating lewd skydrawings. The incident comes amid raised awareness about sexual harassment in the workplace and even assaults. “The Navy apologizes to anyone who was offended by this unacceptable action,” a Navy spokesperson told CNBC in an email statement. The event happened
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Tesla shares rose more than 3 percent in premarket trading Friday after J.B. Hunt Transport Services announced it has reserved “multiple Tesla Semi tractors.” “We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainable technology,” John Roberts, president and chief executive officer at
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Sessions, who was the first senator to endorse Trump’s presidential bid, said during his confirmation hearing that he “did not have communications with the Russians.” Following reports that Sessions had met twice with Kislyak during the campaign, Sessions issued a letter to Congress saying his previous testimony had been “correct,” but acknowledged the two incidents.
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As millennials step into becoming homeowners, Home Depot sees them ringing up more do-it-yourself projects at its stores. The retailer on Tuesday reported an impressive increase in same-store sales, fueled by more shoppers spending on items such as tools, lumber, garden accessories and flooring. Hurricanes Harvey and Irma, along with some U.S. wildfires, also boosted
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