Starbucks to open first shop in South Africa next month
JOHANNESBURG (Reuters) – Starbucks will open its first store in South Africa next month in the upmarket Johannesburg suburb of Rosebank, the coffee giant’s local licensee Taste Holdings said on Thursday.
No ‘big short’ yet for hedge funds on Brexit
LONDON (Reuters) – Hedge funds, whose speculating contributed to the pound’s devaluation in 1992, have yet to make major bets on Britain leaving the European Union because few expect it to happen and most doubt a big payout from market moves around the…
Apple’s new San Francisco office could be a tool in tech talent wars
SAN FRANCISCO (Reuters) – From Apple’s earliest days, executives insisted that employees work from its headquarters in sleepy suburban Cupertino.
Home ‘flipping’ exceeds peaks in some hot U.S. housing markets
NEW YORK (Reuters) – Home flipping – buying and reselling a home to make a quick buck – has risen in some hot U.S. housing markets, prompting concerns that local housing bubbles could be developing, according to a report published on Thursday.
Valeant appoints Ari Kellen executive vice president
(Reuters) – Valeant Pharmaceuticals International Inc said it appointed Ari Kellen executive vice president, succeeding Deb Jorn who has resigned, effective immediately.
High life, low coal price sends Australian mining baron bankrupt
SYDNEY (Reuters) – Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia’s youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a priva…
LinkedIn CEO passes 2016 stock package to employees
(Reuters) – LinkedIn Corp said on Wednesday Chief Executive Jeff Weiner will decline his 2016 annual stock compensation in order to pass it on to his employees at the professional social network.
U.S. airlines vie for limited routes to Cuba
(Reuters) – Top U.S. airlines on Wednesday said they were seeking regulatory approval to start flying specific routes to Cuba, ramping up competition over a limited number of opportunities to serve one of the industry’s last frontiers.
U.S. regulator says no benefit in larger Takata air bag recall
WASHINGTON (Reuters) – The top U.S. auto safety regulator said an expanded recall of Takata air bag inflators proposed by a U.S. senator would not enhance public safety and complicate the process of replacing the equipment, the lawmaker revealed on Wed…
Pressure builds against short sellers targeting Tesla
SAN FRANCISCO (Reuters) – Potential losses are building against traders who have bet against Tesla Motors Inc .
