Source Match Industrial News
By Leila Abboud and Gwénaëlle Barzic PARIS (Reuters) - France's Bouygues Telecom has agreed to sell its mobile network and much of its spectrum to smaller rival Iliad as a way to head off competition regulators' concerns about its pending bid for Vivendi's SFR . If Vivendi picks Bouygues' bid for SFR over a rival offer - and if regulators approve the merger - then Bouygues will sell 15,000 mobile antennas and some of its mobile spectrum to Iliad for up to 1.8 billion euros ($2.50 billion), according to statements from both companies on Sunday.
The Bank of England may appoint a judge, academic or senior financial industry executive to run an independent inquiry into its actions in relation to allegations it allowed manipulation of the foreign exchange market, the Sunday Telegraph reported. The bank has already appointed the law firm Travers Smith to prepare a report on the affair which will be made public. However, the Sunday Telegraph said Travers Smith is on a fact finding exercise rather than an inquiry. The Bank of England has suspended an employee as part of an internal probe into what Bank officials knew about alleged manipulation of key currency rates by traders.
By Danilo Masoni and Francesca Piscioneri PORCIA, Italy (Reuters) - The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. Home appliance maker Electrolux, which owns the factory, wants to cut the salaries of some 5,000 workers at the plant and three other factories across Italy by up to 15 percent over the next three years. The Swedish company says lowering labor costs is the only way its washing machines, fridges and other home appliances can compete against rival products made in eastern Europe and Asia. "It's a matter of survival," says Annarita Licci, a 38-year-old mother of two, who moved to Porcia in 2000, the year after Europe introduced its single currency.
If the skies are clear where you live on Sunday night (March 9), you'll be able to see a waxing gibbous moon shining high in the southern sky, and glowing brightly well above it will be the largest planet in our solar system: Jupiter. The proximity of the moon and Jupiter to each other is, of course, merely a matter of perspective. While the moon, which will be 64-percent illuminated Sunday, will be 247,000 miles (398,000 km) from Earth, Jupiter is nearly 1,800 times more distant, at 444 million miles away (714 million km).
By John Ruwitch SHANGHAI (Reuters) - A wildcat strike at an IBM factory in southern China illustrates how tectonic shifts under way in the country's labor market are emboldening workers to take matters into their own hands, raising risks for multinationals. More than 1,000 workers walked off the job last week at the factory in Shenzhen, bordering Hong Kong, after managers on March 3 announced the terms of their transfer to new ownership under Chinese PC maker Lenovo Group Ltd. Lenovo agreed in January to pay $2.3 billion for International Business Machine's low-end server business. The strike, which continued into Sunday, fits a growing pattern of industrial activism that has emerged as China's economy has slowed. A worsening labor shortage has shifted the balance of power in labor relations, while smartphones and social media have helped workers organize and made them more aware than ever of the changing environment, experts say.
China's consumer prices rose at their slowest rate in 13 months in February as pork prices fell by their most in over a year, a sign that slowing growth rather than rising prices poses a bigger risk to the world's second-biggest economy. The consumer price index rose 2 percent in February from a year earlier, the National Bureau of Statistics said on Sunday, exactly in line with market expectations. And in an indication that China's wobbly economy is fighting substantial slack, producer prices fell for the 24th consecutive month by dropping 2 percent, slightly above forecasts for a 1.9 percent drop. The tepid price data could fuel investor worries about the health of China's economy, which drew new concerns this week after figures showed export growth slumped by nearly a fifth last month.
By Chris Witkowsky NEW YORK, March 8 (Reuters-peHUB) - The auction of JP Morgan Chase's private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation. A spokesperson for JP Morgan Chase declined to comment. The bank announced last July it was spinning off One Equity, its last remaining private equity operation, because the unit was not core. JP Morgan Chase was not under regulatory pressure to sell: One Equity would not be affected by the Dodd-Frank financial reform law, which restricts the ability of bank holding companies to own and operate private equity groups, sister news service Reuters reported last year.
One of four business jets converted to train NASA astronauts to land the space shuttle is on final approach to the Alabama home of Space Camp, pending the result of the U.S. Space & Rocket Center's first crowd-funding campaign. Currently on the ground at Birmingham-Shuttlesworth International Airport, all that stands between the STA and its installment in the center's Shuttle Park are the funds needed to prepare its display. "The U.S. Space & Rocket Center Foundation, along with the help of some amazing Space Camp alumni, are aiming to raise $70,000 for this project, the total cost of which is $192,000," Trevor Daniels, spokesman for the effort, said in a video posted on the "Land the STA" Indiegogo page. At higher pledge levels, donors receive flight suits, behind-the-scenes tours of the U.S. Space & Rocket Center, lifetime memberships at the museum or even reservations to attend adult/family Space Camp.
For years, Carl Sagan brought science into homes around the United States with his TV shows and books. Some of the most famous scientists working today had life-changing experiences with Sagan, and other people who never met him still felt his influence from the media he created. Scientists and other people who were touched by Carl Sagan's life and work shared some memories of the famous scientist: "I was just a 17-year-old kid from the Bronx with dreams of becoming a scientist, and somehow, the world's most famous astronomer found time to invite me to Ithaca in upstate New York and spend a Saturday with him," Tyson said during the first episode of "Cosmos: A Spacetime Odyssey," a reboot of Sagan's "Cosmos: A Personal Voyage." "I remember that snowy day like it was yesterday." [See Carl Sagan's legacy in photos]
By Kevin Yao and Adam Rose BEIJING (Reuters) - China's exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy despite the Lunar New Year holidays being blamed for the slide. A resilient Chinese economy is good news for the world, particularly for major commodity exporters such as Australia.
By Alwyn Scott and Tim Hepher NEW YORK (Reuters) - Boeing Co said on Friday that "hairline cracks" had been discovered in the wings of about 40 787 Dreamliners that are in production, marking another setback for the company's newest jet. The cracks have not been found on planes that are in use by airlines and therefore pose no safety risk, Boeing said, adding the problem also will not alter Boeing's plans to deliver 110 787s this year. However, Boeing said the cracks, which also occurred on the larger 787-9 model currently undergoing flight tests, could delay by a few weeks the date when airlines can take delivery of their new planes. The disclosure raised questions about repair costs and a possible minor increase in the weight of the plane, but did not seem to spell major trouble for Boeing, industry experts said.
That bet has helped equities shrug off bearish data and geopolitical uncertainties in Ukraine, taking the S&P 500 to a series of record highs. "We're hoping the payroll report means we're on a stronger footing going ahead and that we can get more robust growth going forward," said Michael Mullaney, chief investment officer of Fiduciary Trust Co in Boston.
Years ago, when I worked in the check processing department of a now defunct Philadelphia bank, I dreamt of one day becoming my own boss while working at home. The bank was an unusually strict sort of workplace. In my case I worked in a small room with my back to a low-level supervisor, an elderly woman, Miss Stiff, who wore a white Mennonite bonnet. Another employee sat a side desk, although he was rarely present. Usually it was just me and Miss Stiff, which meant no talking ever, and no unnecessary breaks or staying out too long for lunch.
Ellen's selfie stunt produced the most retweeted image of all time! Whether you like the fact that it was a staged product placement is not the point because it was brilliant. What I think is even more brilliant was LG's real time content marketing response suggesting a G2 would have enabled Ellen to take the selfie herself.
"Exodus on the Parkway," a new 36-page paper on the impact of tax rates on New Jersey's economic health begins by noting that it "does not provide proof or hard evidence that high income or high net worth residents are leaving New Jersey because of high tax rates." (Emphasis added.) It's odd, then, that the report goes on to build a case counter to that finding, implying that New Jersey's wealthy are frequently signing mortgage documents and hiring moving vans in order to pay less in taxes.
EU scientists have found that the new car coolant at the centre of a dispute that has pitched regulators against Germany and its luxury carmaker Daimler does not pose any serious safety risks, the European Commission said on Friday. The Commission, the EU executive, has launched legal proceedings against Germany over Daimler's refusal to stop using an old-style coolant that has global warming potential more than 1,000 times greater than that of carbon dioxide. The suggested substitute, which has roughly the same impact as carbon dioxide, is the R1234yf coolant developed by U.S. conglomerate Honeywell in partnership with Dupont.
It would be Ayn Rand's dream come true: separate states for rich people and poor people. A proposal to split California into six states, introduced by billionaire investor Tim Draper in December, would formally create state lines between the haves and the have-nots. "You'd be creating one exceptionally wealthy state and others with dire poverty," Corey Cook, a political science professor at the University of San Francisco, said to The Huffington Post. "You'd create massive inequality. ...
From the ancient Egyptian astronomer Hypatia to modern-day astrophysicist Stephen Hawking, physicists throughout history are getting the artist's treatment in a new set of illustrations honoring the thinkers' contributions to science. Dr. Prateek Lala, a physician based in Canada, has recently crafted playful images using the names of famous scientists to show, in logo form, what they gave to theoretical physics. Called "science typographies" or "logotypes," some of the more striking images include Isaac Newton's apple and Edwin Hubble with the Hubble Space Telescope that eventually flew his name into space. Lala started making his images in 2013 after speaking with a friend about the ways in which people learn, and how to get everyone interested in scientific research.