Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.
Reuters reports that suppliers of everything from groceries to sports equipment are being squeezed for price cuts and cost sharing by Wal-Mart Stores. Moreover, they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week. The discount store has always had a reputation for demanding…
Tom Scott, a former U.S. executive at Toshiba Corp, remembers his former boss Atsutoshi Nishida as an aggressive leader. “He gave me goals that scared the hell out of me,” Scott told Reuters after Nishida resigned as an adviser to Toshiba. He further described him as “tough as nails, maybe a little like Patton in World…
Reuters reports how Berkshire Hathaway Inc’s $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry. This, as Boeing Co uses its clout as the world’s biggest plane maker to put a check on some deals. Moreover, Berkshire chief Warren Buffett isn’t alone in seeing potential…
A courtship by BMW and Apple, previously put on hold, may rekindle after an precursory visit by executives of the world’s top maker of electronic gadgets to the headquarters of the word’s biggest seller of premium cars. Senior Apple executives toured the carmaker’s Leipzig factory to learn how it manufactures the i3 electric car, but dialogue…
As Reuters reports, communist Cuba’s newfound interest in foreign capital does have its limits. French doctor Philippe Pouletty is working to develop a therapeutic vaccine to treat chronic Hepatitis B. But when he pitched the idea of floating a company on the pan-European stock market Euronext, with the Cuban state as a shareholder, that was clearly too much. Pouletty’s…
As Reuters reports, Amazon.com is in a race against Google to store data on human DNA. Inherently, academic institutions and healthcare companies find themselves having to pick sides between their cloud computing offerings – Google Genomics and Amazon Web Services. A number of clients view Google and Amazon as doing a better job at storing…
