Toyota Chief Says He's Looking at Spending Cuts as Profit Slides
Toyota Motor Corp. President Akio Toyoda said the automaker will take a closer look at its investments after forecasting a second straight annual decline in profit.“In an environment where sales are stagnating, it’s tough that we need to invest in areas which won’t generate profits due to paradigm shifts,” Toyoda said at a briefing in Tokyo on Wednesday, without being more specific. “We need to make the decision to look at where to stop when sales are stagnating.”Photographer: Kiyoshi Ota/Bloom..>> view originalSnapchat has changed through acquisitions, and it's hunting for more people and tech to buy
Acquisitions propelled Snapchat’s evolution from a revenueless, one-trick messaging app to a $28-billion company redefining how people take and share pictures.And the newly public Snap Inc. isn’t slowing down.A small team led by Steve Hwang, vice president of corporate development, is hunting for deals in software and hardware that can further reshape Snapchat or bolster its engineering team. Snap has gone after Kickstarter projects, emerging apps and struggling start-ups: Past purchases includ..>> view originalUS Census director resigns amid turmoil over funding of 2020 count
The director of the U.S. Census Bureau is resigning, leaving the agency leaderless at a time when it faces a crisis over funding for the 2020 decennial count of the U.S. population and beyond. John H. Thompson, who has served as director since 2013 and worked for the bureau for 27 years before that, will leave June 30, the Commerce Department announced Tuesday. The news, which surprised census experts, follows an April congressional budget allocation for the census that critics say is woefully ..>> view originalCarl Icahn Scrutinized for Shaping Policy That Helped Him Profit
Mr. Icahn and CVR did not reply to requests for comment.For most of his six-decade career, Mr. Icahn, 81, has been known as an outsider. He has gained a reputation as an aggressive critic of corporate chieftains, often waging bare-knuckled battles against companies in efforts to bully management into certain changes. Mr. Trump, a longtime friend and business associate, has lauded Mr. Icahn as a “brilliant negotiator.” In their letter, the senators contend that Mr. Icahn used his position as an ..>> view originalTunnel collapse latest safety issue at Hanford Site
Related Coverage RICHLAND, Wash. (AP) — The collapse of an underground tunnel containing radioactive waste that forced workers at the Hanford Nuclear Reservation to shelter in place is the latest incident to raise safety concerns at the sprawling site that made plutonium for nuclear bombs for decades after World War II. An aerial view of the 20×20 foot hole in a tunnel that collapsed at the Hanford Site, May 9, 2017 (KOIN) Officials detected no release of radiation Tuesday and no workers were..>> view originalFederal court orders Spirit pilots back to work after chaos at Fort Lauderdale airport
Cellphone footage shows police tackling passengers and chaos erupting after Spirit Airlines canceled multiple flights at Florida's Fort Lauderdale-Hollywood International Airport on May 7. (Taylor Turner/The Washington Post) A federal court granted Spirit Airlines a temporary restraining order Tuesday, compelling the pilots’ union to return to status quo after what the airlines says has been “a pervasive illegal work slowdown” that caused hundreds of flight cancellations and disrupted tra..>> view originalPassenger claims United Airlines flight attendants told her to 'pee in a cup' during flight - KTRK
HOUSTON (KTRK) -- Another day, another claim of passengers being treated poorly by airline employees.This time, a passenger says she was told to pee in a cup during a recent United Airlines flight from Houston to Kansas City. Nicole Harper was on a flight home when she had to use the bathroom. She said she's had an overactive bladder her entire life and told flight attendants about her condition. But when the mother of two tried to use the bathroom while the "fasten seat belt" light was on, sh..>> view originalDisney Parks and Movies Soar, but ESPN Is a Concern
In the quarter that ended April 1, Disney’s biggest division, Media Networks, which includes ESPN, reported $2.22 billion in operating income, a 3 percent decline. Increasing advertising sales and subscriber fees at ESPN did not offset a spike in costs related to college football playoff games and a new National Basketball Association rights contract. Disney shares fell about 2.3 percent in after-hours trading, to $109.76.With brands like “Star Wars,” Pixar and Marvel in its stable, Disney rema..>> view originalDraghi Says Too Early to Declare ECB Success as Growth Improves
Mario Draghi said the European Central Bank’s stimulus hasn’t finished the job yet, even as he acknowledged that the region’s economy is getting stronger.“The economic recovery has evolved from being fragile and uneven into a firming, broad-based upswing,” the ECB president said at the opening of a hearing at the Dutch Parliament in The Hague on Wednesday. “Nevertheless, it is too early to declare success.” The most important market news of the day. ..>> view originalEpiPen maker Mylan's profit surges
Generic drug maker Mylan NV (MYL.O) reported first-quarter profit just above expectations, helped by demand for products it gained through the acquisition of Swedish drugmaker Meda, even as sales of its controversial EpiPen allergy shot declined.Shares of the company rose 2.6 percent to $39 in trading before the bell on Wednesday.Meda, which Mylan bought last year, makes branded, over-the-counter and generic drugs, and handles the European sales of EpiPen. Mylan has come under fire for steep p..>> view original
Wednesday, May 10, 2017
Toyota Chief Says He's Looking at Spending Cuts as Profit Slides and other top stories.
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