After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
What to expect from the big US bank results this week – JP Morgan, Wells Fargo, Bank of America, Citigroup, Morgan Stanley, and Goldman Sachs April 13, 2016 Investors will get their first look this week at just how bad 2016 is expected to be for some of the worlds biggest banks. JP Morgan Chase has already released results for its first quarter, managing to beat analyst expectations, though profits still bombed by seven per cent. A Reuters poll revealed that analysts are [...]
Kindle Oasis: Meet Amazon’s thinner and lighter (and more expensive) ebook reader April 13, 2016 Readers rejoice – Amazon has revealed its newest Kindle which is thinner than lighter than ever before. The Kindle Oasis is 20 per cent lighter than other Kindle models and 30 per cent slimmer. It also boasts a longer battery life, which Amazon claims lasts for months at a time. It also comes with a leather charging cover. [...]
EU referendum: Citi the latest bank to give six figure sum to the Remain campaign April 13, 2016 Citigroup has become the latest bank to ply the pro-EU camp with a six figure sum, ahead of the referendum this summer. Citi is the fourth US bank to hand a cash sum to campaign group Britain Stronger in Europe, after Goldman Sachs, JP Morgan and Morgan Stanley all donated. A Britain Stronger in Europe spokesperson [...]
Panama Papers scandal: Law firm Mossack Fonseca Panama offices raided April 13, 2016 The Panama office of the law firm at the centre of the Panama Papers scandal has been raided by the authorities, it was revealed in the early hours of this morning. Panama's attorney general's office issued a statement revealing that it had carried out a raid on Mossack Fonseca's office to search for evidence of [...]
The new EU-US Privacy Shield data transfer deal to replace Safe Harbour has hit a bump April 13, 2016 Officials in Brussels have put a spanner in the works of plans for a new deal for sharing personal data collected by companies between the US and Europe. Privacy watchdogs said the revision of the Safe Harbour agreement, which was ruled invalid in the courts last year, needs greater clarity and revisions before being applied. The new deal, known as Privacy [...]
EU referendum: Unison joins Unite and GMB in urging members to back Remain April 13, 2016 Unison has become the latest union to officially back Remain ahead of the EU referendum, in a huge blow to Leave campaigners. After overcoming "its doubts", the union will encourage its 1.3m members to back continued EU membership, after over 78 per cent of its branches wanted the union to take a stance and 95 per [...]
Zac Goldsmith isn’t afraid of a drinking game: Ladbrokes unearths photos from 2005 of the mayoral candidate winning Spoofing Championships April 13, 2016 His critics say he's out of touch, but now word has reached The Capitalist that Conservative mayoral candidate Zac Goldsmith knows a thing or two about drinking games. Way back in 2005, Ladbrokes organised the first World Spoofing Championships, a favoured drinking game of London publicans, at Frankie's Bar in Knightsbride. But who won the grand prize? Spoof [...]
With “unaddressed cultural clashes” disrupting M&A, insurance company encourages dealmakers to switch focus from finance to people April 13, 2016 Businesses must focus more on tackling "cultural clashes" for mergers and acquisitions (M&A) success, according to insurance company Willis Towers Watson. A survey of 750 insurance executives found 42 per cent of companies recognise the importance of cultural integration and of hiring and retaining employees to the success of a deal. Read more: Brexit warning from Germany [...]
JP Morgan’s profit has dipped though it has still managed to beat analyst expectations in the first quarter April 13, 2016 JP Morgan has surprised investors with its latest results coming in ahead of expectations. Overall profits came in at $1.35 a per share, on revenue of $24.1bn (£16.92bn). Analysts were expecting earnings per share of $1.24 on revenue of $23.80bn, according to a Bloomberg poll. This time last year JP Morgan, the largest bank in [...]