Angry Birds maker Rovio to cut up to 130 jobs
HELSINKI (Reuters) – Finnish mobile games maker Rovio, owner of the Angry Birds brand, plans to cut up to 130 jobs in Finland, or 16 percent of its workforce, saying growth has not been as strong as expected and it needs a simpler structure.
Tesco’s 250-million-pound black hole: Who was minding the shop?
LONDON (Reuters) – “Things are always unnoticed, until they’re noticed,” Tesco Chairman Richard Broadbent said when asked how Britain’s biggest retailer had failed to spot a 250 million pound ($410 million) sized hole in its first-half profits.
Hedge funds cut long exposure in September: Credit Suisse
NEW YORK (Reuters) – Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve’s next rate hike, Credit Suisse wrote in a no…
Emirates president says Ebola hits Asian demand for Africa flights
DUBAI (Reuters) – The president of Emirates airlines [EMIRA.UL] said on Thursday that demand for flights to Africa from Asia has fallen due to concerns over the Ebola virus.
Global stocks succumb to growth fears; ECB trillion euro question awaits
LONDON (Reuters) – World stocks and oil were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold.
Fiat needs more than the 500 to turn core brand around
PARIS (Reuters) – While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker’s namesa…
Europe’s carmakers walk tightrope between low cost and high spec
PARIS (Reuters) – Carmakers are betting on style and recycling in the battle for Europe’s burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down.
Philips Electronics to appeal ruling in $467 million patent lawsuit
(Reuters) – Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $466.8 million in compensation to Masimo Corp for infringing two patents.
Renault aims to reclaim lost ground with minivan turned SUV
PARIS (Reuters) – The minivan is dead, long live the SUVan. Renault has revamped the elderly Espace people carrier as a crossover sport utility vehicle as it seeks to relive the marque’s past glories.
As PIMCO bleeds assets, Gross shows risk of star culture
LONDON (Reuters) – Bill Gross’ exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase…
