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| Britain's factories report rise in production for March Britain's factories increased production unexpectedly last month despite the sector experiencing its weakest quarter in a year, with signs the growth spurt enjoyed towards the end of 2017 has fizzled out. Shaking off concerns that heavy snowfall from the "beast from the east" would trigger a slowdown, the ...
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| Activist investors Elliott snag 10.3 percent stake in Commvault Elliott Management, an investment firm long known for its activist streak, set it sights on Commvault today, purchasing a 10.3 percent stake and nominating four Elliott-friendly members to the company's board of directors. It likely means that Elliott is ready to push the company to change direction and cut ...
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| Chips are down: Apple to stop using Intel processors in Macs, reports say Apple is reportedly planning to drop Intel chips from its Mac computers as early as 2020, replacing them with processors designed in-house in the same way the company manufactures iPhones and iPads. The plan, reported by Bloomberg, has been rumoured for several years, as Apple has taken on ...
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| Chinese E-Commerce Giant Alibaba Acquires Ele.me In $9.5B Deal The deal, which first surfaced in February as Alibaba approached all Ele.me shareholders for a possible buy-out, implies an enterprise value of $9.5 billion for the Shanghai-based startup, the company said in a statement without specifying how much it is paying. Alibaba and affiliate Ant Financial, which ...
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| Facebook leak puts US regulator's reputation in play When Facebook settled with the Federal Trade Commission in 2011, the agency promised strong action against the social network if it continued to mislead its users about how their personal information was shared. The FTC vowed to hold Facebook responsible for the actions of third-party developers ...
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| Ryanair reveals worst gender pay gap in airline industry The figure is among the most imbalanced yet reported in any sector, about four times the UK average and outstripping that of easyJet, whose 45% gap had attracted widespread criticism. Median hourly pay among Ryanair's 1,182 UK staff is 71.8% lower for women (67% lower on mean hourly pay), while ...
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| Boat carrying Rohingya refugees arrives in Malaysia A boat carrying dozens of Rohingya from Myanmar has arrived in Malaysia and the members of the stateless Muslim minority will be allowed to enter the country, authorities said. The vessel carrying 56 people was intercepted by Malaysian maritime authorities near the north-western island of Langkawi, ...
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