After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Property Entrepreneurs: Jake Willis, co-founder of London Shared, on the changing rental market and moving online April 14, 2016 There’s been lots of talk recently about house sharing as a way for young professionals to afford life in central London. And while the concept’s not new, there are few ways to make it simple. Many renters end up advertising rooms and interviewing potential housemates, feeling the heat as landlords demand full rent from day [...]
Here’s CaptionBot, Microsoft’s latest artificial intelligence experiment April 14, 2016 Microsoft certainly hasn't been scared off doing further experiments with artificial intelligence after the whole racist bot debacle. The tech firm is back with an AI powered API that can identify (or at least try) what's in a picture. 1. Boat or wheel? 2. The shard clock 3. Unhappy Sir Martin Sorrell 4. Tech blind? 5. [...]
David Beckham to front new House of Haig whisky campaign for drinks giant Diageo April 14, 2016 Global drinks giant Diageo has confirmed it will launch a new whisky from its House of Haig range later this year with David Beckham once again fronting its brand campaign. The new Haig brand is expected to be appeal to younger drinkers and will be cheaper than the previous Haig Club brand that Beckham fronted for the company in [...]
Wells Fargo has beaten expectations sending its share price higher, though profit fell seven per cent April 14, 2016 US bank Wells Fargo has reported that its profits dropped by seven per cent over the last three months compared to last year. The bank, the third-largest bank by assets in the US, posted profits of $5.5bn (£3.9bn), compared with $5.8bn in first quarter 2015. Revenue tracked upwards however, rising four per cent to $22.2bn. JP Morgan and [...]
Megabrew latest: AB InBev woos South Africa with wide-ranging job and investment commitments in bid to push through SABMiller takeover April 14, 2016 Anheuser-Busch InBev has agreed a "groundbreaking" deal ensuring jobs and wide-ranging funding to woo the South African government and push through its megabrew deal. AB InBev, the world's largest brewer, has committed to maintaining its total permanent employment levels in South Africa for a period of five years at the date of closing its takeover of [...]
E-cigarette marketing drawing in young people, University of Stirling study finds April 14, 2016 Enticing marketing campaigns are directly linked to young people taking up e-cigarette "vaping", a new study from the University of Stirling has found. The spike in marketing campaigns of e-cigarettes in shops ties into increased numbers of adolescents reporting they had tried e-cigarettes or intended to try them, researchers found in a cross-sectional study involving [...]
Delta Airlines tops expectations with first quarter profit April 14, 2016 Delta Airlines reported first quarter profits above expectations as it said it now forecasts a smaller fall in passenger unit revenue for the spring. The airline posted $946m net income for the quarter to the end of March, up from $746m in the same period a year ago, helped by lower fuel costs Delta reported a pre-tax income of $1.4bn. [...]
Iran goes on production spree ahead of Opec meeting in Doha this weekend April 14, 2016 Shipments of crude oil out of Iran have increased by more than 600,000 barrels a day this month, according to Bloomberg data. The data showed Iran shipped more than two million barrels per day so far in April, compared to around 1.45m barrels a day in March. Iran has been squaring off with oil cartel Opec defacto leader Saudi Arabia [...]
Law firms Reed Smith and Pepper Hamilton confirm merger talks April 14, 2016 The transatlantic law firm mergers and acquisitions (M&A) space is heating up. Reed Smith, which was founded in Pittsburgh in the United States but has its biggest office in London, has confirmed it is in talks to merge with Philadelphia-based Pepper Hamilton. Read more: Why companies need to tackle "cultural clashes" for M&A success "Based on these preliminary discussions, we [...]