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John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89

January 17, 2019 by  
Filed under News

John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world’s biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said.


Source: Reuters Business News

Fossil to sell smartwatch technology worth $40 million to Google, shares rise

January 17, 2019 by  
Filed under News

Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.


Source: Reuters Business News

Indian air safety watchdog orders extra checks on planes with Pratt & Whitney engines

January 17, 2019 by  
Filed under News

India’s air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary grounding orders affected the planes last year.


Source: Reuters Business News

Banca Carige questions Fitch's downgrade

January 17, 2019 by  
Filed under News

Banca Carige on Thursday challenged a downgrade by ratings agency Fitch, saying it reserved the right to ask authorities to look into the “anomalous” move.


Source: Reuters Business News

ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources

January 17, 2019 by  
Filed under News

The ECB has expressed concerns over reports that Spanish bank BBVA hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters.


Source: Reuters Business News

U.S. automakers push for deal on fuel efficiency rules

January 16, 2019 by  
Filed under News

Executives at the major U.S. automakers are pressing the Trump administration and California to agree on standards for fuel efficiency and carbon emissions through 2025, as risks increase that a deadline for setting national standards will pass without a deal.


Source: Reuters Business News

Kia issues new U.S. recall of 68,000 vehicles for fire risks

January 16, 2019 by  
Filed under News

Kia Motors Corp said on Wednesday it would recall 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks.


Source: Reuters Business News

IAC sues Tinder co-founder over business documents, escalating court fight

January 16, 2019 by  
Filed under News

Online dating company Match Group Inc and its owner IAC/InterActiveCorp has filed a lawsuit accusing Sean Rad, a former employee known for co-founding the popular dating service Tinder, of secretly copying company files and other proprietary information.


Source: Reuters Business News

World stocks climb; sterling steady ahead of May vote

January 16, 2019 by  
Filed under News

Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May’s government.


Source: Reuters Business News

Goldman dealmakers shine in Solomon's maiden quarter

January 16, 2019 by  
Filed under News

Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon’s first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw.


Source: Reuters Business News

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