Business

Joy in bankville over Basel deal

FRANKFURT — A decade after the global financial meltdown, banking regulators from the world’s biggest economies on Thursday announced the final deal on capital rules that they hope will make banks safer. Or at least less likely to unleash huge economic shock waves when they collapse. The

Business

CBS Cuts A Few Dozen Employees Across Broadcast Network And Syndication

As the television business continues to manage through major change, CBS has let go of a small number of workers over the past month in its broadcast network and syndication divisions. Through a combination of layoffs, buyouts and attrition, the net reductions are understood to have affected a few dozen employees. The cuts are not a corporate initiative and have been

Business

TNT-TBS Mobile-To-Big Screen “Casting” Venture Sees 30% Month-To-Month Growth

With most TV viewing on mobile devices and tablets occurring in homes, TBS and TNT have started getting positive results from a new tech tool that enables viewers to “cast” programming they discover on mobile devices onto their big-screen sets. Working with emerging tech firm Vizbee, the Turner networks quietly have implemented the feature and registered a 30%

Business

EU places 17 countries on tax-haven blacklist, but none of its own

Panama, the United Arab Emirates, and the Marshall Islands are among the 17 countries that the EU has decided to put on its blacklist for tax havens based outside the bloc. EU finance ministers agreed on the final blacklist on Tuesday behind closed doors at a meeting in Brussels. Ministers also agreed to put another group of 47 nations on a so-called graylist, which

Business

Disney Board Elects Two New Members

Disney’s board announced the election of two new directors, Safra Catz, chief executive of database giant Oracle, and Francis A. deSouza, president and chief executive of the biotechnology firm Illumina. “Ms. Catz has led Oracle through a period of tremendous growth and innovation since taking the helm in 2014, driving the company’s impressive acquisition strategy and

Business

Bright spot for BrightHouse? A £220m rescue deal has been agreed

Troubled rent-to-own retailer BrightHouse has reached a deal for a £220m financial restructuring, Sky News reports. It is expected that the agreement will be announced within the next few days, saving around 3,000 jobs. Funds associated with private equity house Apollo Management will take control of nearly half the shares in the company. Meanwhile previous owner Vision

Business

One Female Animator’s Emotional Story Punctuates Harassment Panel

The Women In Animation group brought together an all-star panel of attorneys, a psychiatrist with experience in employment law and the co-founder of a non-profit organization that works to combat harassment to discuss the ever-widening scandal that has engulfed Hollywood and Capitol Hill. But it was one animator’s account of sexual harassment while working on the Disney

Business

General Electric to shed 12,000 jobs

General Electric is to cut 12,000 jobs in its power business, 18% of the division's global workforce. The US industrial group expects the "painful but necessary" job losses to help save $1bn next year as demand for fossil fuel power plants wanes. GE intends to cut 1,100 jobs from its UK power business, mainly in Stafford and Rugby. Elsewhere, one-third of the

Business

IMF warns over ‘large risks’ for China’s financial system

Published time: 7 Dec, 2017 14:47 The growing debt dependency at a “dangerous pace” by the world’s second-biggest economy, China, has raised International Monetary Fund (IMF) concerns. The fund has warned of large risks and imbalances. According to the IMF's health check of China’s financial system, four-fifths of the country’s banks are at risk. China's

Business

Avocado injuries a thing of the past?

It seems the onward march of the humble avocado is unstoppable. Earlier this month we had news of the Hawaiian avocado "as big as my head" vying for a place in the record books. Now Marks and Spencer is the first supermarket to sell a seedless cocktail avocado – which could help avoid all those pesky avocado-related injuries. "Avocado hand" is apparently the bane of