Source Match Wholesale Industry News
Shares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc's revenue from both its printer and PC businesses fell 14 percent each in the fourth quarter, their worst performance in the year ended Oct. 31, and forecast current-quarter profit below market expectations. HP Inc Chief Executive Dion Weisler called the printing business a "much greater challenge" than the PC business.
The software business is complex.This is almost a cliché -- but we don't really understand what "complexity" actually means, or how to handle it well. Most big software operations spend a lot of energy trying to get rid of complexity when they should be embracing it. This, more than anything else, is their downfall.If you don't understand...
By Nate Raymond NEW YORK (Reuters) - Daily fantasy sports companies DraftKings and FanDuel urged a New York judge on Wednesday to spare them from a potentially crippling shutdown in one of their top markets by ruling that their contests do not constitute illegal gambling. "Chance pervades fantasy sports," McGee said. The hearing in New York Supreme Court came after the state's attorney general, Eric Schneiderman, went to court last week seeking to halt DraftKings and FanDuel from offering the highly popular online games in New York, which has more daily fantasy sports players than any other state, according to Eilers Research.
It's that time of year again. Will you or won't you? And I am not talking about getting an ugly sweater from Aunt Nancy. That's a sure thing. I am talking about the review that takes place for tens of millions of folks this time of year and something you really care about -- is your paycheck going to swell? Money isn't everything, but it surely...
Toshiba Corp will brief analysts on Friday on impairment changes at its U.S. nuclear power unit Westinghouse. Chief Executive Masashi Muromachi and Westinghouse chief Danny Roderick will both attend the briefing, Toshiba said. The conglomerate this month reported that Westinghouse had booked charges of $930 million in fiscal 2012 and $390 million in fiscal 2013 as the Fukushima disaster reduced demand for new nuclear power plants.
Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules. The move follows a decision by the global Financial Action Task Force to remove Pakistan from its list of high-risk and non-cooperative jurisdictions linked to money laundering. Neither US-based PayPal nor Chinese e-commerce giant Alibaba (which operates a service called Alipay) currently work inside Pakistan, which had strict regulation until recently limiting online payments for services.
In 1915, a 26-year old physicist named Albert Einstein published a paper on the theory of general relativity, which posits that gravity between objects is caused by curvatures in space and time (hence, "spacetime"). It's not that Isaac Newton's law was entirely wrong, per se, but he didn't have the whole story. This week marks the 100th anniversary of Einstein's work, and to celebrate, animator Eoin Duffy and a team of writers / producers created this three-minute video explaining what general relativity is and why it matters.
"The news this morning was a little better than worse, so the market went up," said Peter Costa, president of Empire Executions Inc, citing mixed economic data. The Dow Jones industrial average rose 1.2 points, or 0.01 percent, to 17,813.39, the S&P 500 lost 0.27 points, or 0.01 percent, to 2,088.87 and the Nasdaq Composite added 13.34 points, or 0.26 percent, to 5,116.14.
By Miyoung Kim and Makiko Yamazaki TAIPEI/TOKYO (Reuters) - China's unabashed interest in foreign chipmakers in an already record year of deals has been quickly read by rivals as a sign that mergers and acquisitions (M&As) will get more competitive and target companies will get more expensive. "The days of growing organically through technological advantage are over," said Hidetoshi Shibata, chief financial officer of Japan's Renesas Electronics Corp . Tsinghua Unigroup Ltd is leading China's development of a national semiconductor industry with $10 billion spent on M&As over the past two years and plans for almost $50 billion more over the next five.