Deutsche Bank AG’s supervisory board will meet Sunday to discuss a plan to raise more than 8 billion euros as Chief Executive Officer John Cryan tackles concerns about capital levels, a person familiar with the matter said. story that said the lender is planning an equity offering and the sale of part of its asset management unit after failing to find a buyer for its Postbank consumer business, which had been a key pillar of Cryan’s strategy.
Category: Business News
Action Alerts PLUS: Markets Stage Late Retreat
This commentary was excerpted from the Weekly Roundup sent to subscribers of Action Alerts PLUS , a charitable trust co-managed by Jim Cramer and the AAP staff . Click here to learn about this actively traded stock portfolio.
The Greatest Risk to Your Financial Future Isa
By Grace Kvantas via Iris.xyz There are a lot of risks to having financial success. One risk is spending too much.
GM set to announce Opel sale
General Motors is set to announce a deal to sell Vauxhall and Opel to the French company that owns Peugeot and Citroen on Monday. Buying GM’s loss-making European operations will make PSA the continent’s second-biggest car maker after Volkswagen and ahead of French rival Renault.
Questions for Muslim students
Three Muslim students who tried to visit an Oklahoma lawmaker Thursday at the State Capitol in Oklahoma City were surprised when they were instead handed a questionnaire at his office. They would have to fill out the survey first, an office assistant told them, before they could make an appointment to see state Rep. John Bennett.
Canada’s sharing economy is growing – but should we really call it ‘sharing’?
… Press) Solomon Israel is a producer and writer for CBC News, based in Toronto. He’s been on the business news beat since 2011, with stints covering technology, world, and local news. He can be reached at solomon.israel@cbc.ca The headline from …
Telecoms made $37 million last year charging to unlock cellphones
Customers often have to pay their provider a fee to unlock their phone if they want to switch providers. Sophia Harris has worked as a CBC video journalist across the country, covering everything from the start of the annual lobster fishery in Yarmouth, N.S., to potash prices in Saskatchewan.
China Sets Growth Target of About 6.5% Amid Pledges to Ease Risk
Chinese Premier Li Keqiang delivers his work report during the opening session of the National People’s Congress in Beijing’s Great Hall of the People on March 5, 2017. 6.5 percent , or higher if possible” as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year.
Driverless trucks: Coming soon to a road near you?
The Mora family have built their livelihood in the trucking business. The industry could be transformed in the coming years as the push for automated vehicles comes into play.
Ge Ceo: It is the end of the ‘global elite’
America “will be less of a leader in trade” in the coming years, according to Jeff Immelt, GE’s chairman and CEO. “We’re in an era when some very basic assumptions about the global economy are being tested,” he said in his annual letter to shareholders .
China Dials Back Defense Spending Increases as Economy Cools
China indicated a continued slowdown in defense spending growth this year, as President Xi Jinping presses ahead with a sweeping military overhaul. The defense budget will rise “about 7 percent,” National People’s Congress spokeswoman Fu Ying told a briefing ahead of China’s annual legislative session in Beijing. An actual spending target wasn’t expected until Sunday, when the Ministry of Finance releases its 2017 budget at the start of the 11-day legislative gathering.
Standard Life Eyes Aberdeen to Create $811 Billion Manager
Standard Life Plc, Scotland’s largest insurer, is in talks to acquire Aberdeen Asset Management Plc, creating one of Europe’s biggest fund managers overseeing 660 billion pounds . Under the terms of the potential deal, Standard Life shareholders would own 66.7 percent of the combined group, according to a joint statement on Saturday.
Trump reportedly went ‘ballistic’ over Sessions recusal amid…
President Donald Trump was outraged Friday over Attorney General Jeff Sessions’ recusal from investigations into Russian interference in the 2016 campaign, according to media reports. Trump hauled his key advisors into the Oval Office on Friday afternoon before he departed for Palm Beach, Florida, and went “ballistic” over Sessions’ recusal, ABC News reported , citing senior White House sources.
Trump Supporters Declare Pride in President, Slam Opponents
From Colorado’s state Capitol to Trump Tower in New York and the Washington Monument, groups of hundreds of people rallied for President Trump on Saturday, waving “Deplorables for Trump” signs and even carrying a life-size cutout of the president. The March 4 Trump demonstrations were held around the country, and supporters clashed with generally smaller groups of counter protesters.
Trump’s Spectacle Misdirects Us From Our Government’s Destruction
Making people “Look over there!” is a classic magician’s trick. The magician misdirects the audience’s attention, while palming a coin or putting a dove in a pocket.
John Ross 40
Wide receiver John Ross of Washington runs the 40-yard dash in an unofficial record time of 4.22 seconds. John Ross knew he was capable of a fast 40-yard dash time at the NFL combine, but the fastest ever? The wide receiver out of Washington said Friday he was going to give it a shot.
Trump Fans Stage Series of Small Rallies Across U.S.
Supporters of President Donald Trump held a second day of small rallies on Saturday in communities around the country, a counterpoint to a wave of protests that have taken place since his election in November. Organizers of the so-called Spirit of America rallies in at least 28 of the country’s 50 states had said they expected smaller turn-outs than the huge crowds of anti-protesters that clogged the streets of Washington, D.C., and other cities the day after Trump’s inauguration on Jan. 20. Their predictions appeared to be correct, as they were on Monday when similar rallies were held.
Tesla is missing out on the biggest auto sales boom in US…
Tesla has steadily sold more cars each new year than it did the year before, with an all-time high of nearly 80,000 in 2016. CEO Elon Musk ambitiously expects to be delivering 500,000 vehicles annually in 2018, with a million to come by 2020.
Here’s exactly what to say when you’ve decided you don’t want…
The one real friend breakup I experienced was a lot more painful than any romantic dissolution I’ve been through. It was high school, and the thrust of my ex-friend’s breakup speech was this: My other, cooler friends don’t like you.
Here’s What’s Going on in Europe Next Week
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Why the FTC must regain its power as the top cop in online privacy
There are a few things that are constant in this world: death, taxes, and the fact that every new administration rethinks regulations. That can be a big problem, especially when it comes to consumer privacy rights.
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Foreigners aiming for temporary jobs at high-tech U.S. companies will undergo a longer visa approval process after the Trump administration announced it will temporarily suspend expedited applications for H-1B visas. The U.S. Citizenship and Immigration Services said on Friday that starting April 3 it will suspend “premium processing” for up to six months.
SAPVoice: Why Platform, Not Pipeline, Will Save Your Business
Rapidly pacing the front of the room, voice bellowing, arms gesticulating, you’d think Erich Joachimsthaler, Founder of Vivaldi , was doing his best drill sergeant impersonation from Stanley Kubrick’s Full Metal Jacket . Alas, Mr. Joachimsthaler was nowhere near marine barracks; he kicked off a pretty great “Jam Session” called “Disrupt or Be Disrupted: Embracing Digital in B2B.”
Spring Budget 2017: Crackdown on ‘subscription traps’ planned
People who inadvertently end up subscribing for services after signing up for free trials are to be offered more protection. Plans to cut confusing small print and end the cycle of ‘subscription traps’ will be set out in next week’s Budget.
Jordan Peele: Why Allison Williams is perfect for the ‘very…
Jordan Peele’s directorial debut, “Get Out,” has enthralled audiences and critics with its examination of racism through a pulse-pounding thriller that follows a black man who’s visiting his white girlfriend’s parents for the first time. Peele cast “Girls” star Allison Williams to play the girlfriend, Rose.
How to use Pinterest’s cool new feature as a visual search…
The new addition to the app lets you use your camera to identify decor, clothing, and food you see in the real world. By pointing your camera at a pair of shoes, for instance, you’ll be able to see similar styles on Pinterest and get ideas for how to wear them.
Here are the 10 best cars of 2017
This week, Consumer Reports released its latest list of the top cars on sale in the US. The venerable consumer publication picked out 10 cars – all representing different segments of the auto market – for its Top Picks list.
Here are the 10 best cars of 2017
This week, Consumer Reports released its latest list of the top cars on sale in the US. The venerable consumer publication picked out 10 cars – all representing different segments of the auto market – for its Top Picks list.
Amazon’s video game boss just explained where its $970 million…
Amazon’s video game boss just explained where its $970 million Twitch purchase fits into its most profitable business Amazon raised a lot of eyebrows when it bought the massively popular Twitch game-streaming service for $970 million in August 2014. Why it would spend so much cash for Twitch was a real head-scratcher – live game broadcasts on the internet aren’t exactly what you would call core to Amazon’s retail business.
GM’s Deal To Sell Opel Unit Firms Up
A deal for General Motors Co. to sell its Adam Opel AG European business to French car maker Peugeot is expected to be announced Monday, according to two people familiar with the plan.
Market Gauges Warn That the Rally’s Fuel Tank Is Empty
The bull keeps motoring to new highs, but warning lights are flashing that the engine is about to die. Here are the moves to make in the week ahead.
Go Inside Hershey’s Wildest Ideas on How You Will Shop for Food in the Future
Hershey is taking its 123-years’ experience making chocolate and other confectionery and using it to help turn around the slumping retail industry in large part because its M&M sales are dependent on it. “We’ve gotten to the point where grocery shopping is such a chore and now there’s all this pressure coming from e-commerce and you can really get your groceries anywhere, so now we have retailers saying ‘Hey, how are we going to compete in this new landscape?”, Lina Yang, director and futurist of strategic foresight at Hershey’s Advanced Technology Lab told TheStreet .
Immigration courts: record number of cases, many problems
In this Sept. 10, 2014, file photo, an unidentified Guatemalan woman stands inside a dormitory in the Artesia Family Residential Center, a federal detention facility for undocumented immigrant mothers and children in Artesia, N.M. The nation’s immigration courts are already overwhelmed, facing a backlog of more than half a million cases.
Immigration courts: record number of cases, many problems
In this Sept. 10, 2014, file photo, an unidentified Guatemalan woman stands inside a dormitory in the Artesia Family Residential Center, a federal detention facility for undocumented immigrant mothers and children in Artesia, N.M. The nation’s immigration courts are already overwhelmed, facing a backlog of more than half a million cases.
Standard Life, Aberdeen Said to Hold Merger Talks, Sky Reports
Standard Life Plc and Aberdeen Asset Management Plc, two of the U.K.’s largest fund managers, have been holding talks about an 11 billion-pound merger that would create one of the world’s biggest asset managers, Sky News reported on its website, without saying how it obtained the information. The merged company would manage more than 600 billion pounds and employ more than 9,000 people, with a possible annual cost savings of 200 million pounds, Sky said.
Standard Life, Aberdeen Said to Hold Merger Talks, Sky Reports
Standard Life Plc and Aberdeen Asset Management Plc, two of the U.K.’s largest fund managers, have been holding talks about an 11 billion-pound merger that would create one of the world’s biggest asset managers, Sky News reported on its website, without saying how it obtained the information. The merged company would manage more than 600 billion pounds and employ more than 9,000 people, with a possible annual cost savings of 200 million pounds, Sky said.
To Sell, or Not to Sell — That is the Question
In its simplest form, trading consists of just two decisions: when to buy and when to sell. The buy decision is the easier of the two but is discussed to a much greater extent than selling.
To Sell, or Not to Sell — That is the Question
In its simplest form, trading consists of just two decisions: when to buy and when to sell. The buy decision is the easier of the two but is discussed to a much greater extent than selling.
Earnings Mislead Investors in Quest for Growth
By Frank Caruso via Iris.xyz As earnings season rumbles on, analysts remain fixated on the bottom line of company reports. But earnings tell only a partial story.
Here’s why Steve Jobs never let his kids use an iPad
Steve Jobs in 2010 was on the stage at the Apple event releasing the iPad and he described it as a wonderful device that brought you educational tools. It allowed you to surf the web, it allowed you to watch videos, it allowed you to interact with other people.