Tableau names ex-Amazon exec as its new CEO
The Seattle data-visualization company appoints Adam Selipsky to take the place of co-founder Christian Chabot, who is stepping aside but will remain at the company as chairman. Longtime Tableau leader Christian Chabot is stepping aside from the chief-executive role amid the company’s push to bring in larger business clients and expand its cloud-computing products. The business-analytics company has tapped cloud-technology powerhouse Adam Selipsky, former chief operating officer of Amazon Web S..>> view originalChina Shares Edge Up
China stocks rose slightly on Tuesday, as transportation and raw material shares were firm on the back of Beijing's plan to revive its struggling northeast rustbelt, offsetting falls in real estate stocks. The blue-chip CSI300 index rose 0.2 percent, to 3,341.83. The Shanghai Composite Index also gained 0.2 percent, to 3,089.71 points. China has rolled out a plan to revive its northeast rustbelt over the next three years, including 127 major investment projects. The government also unveiled det..>> view originalPfizer to Buy Medivation for $14B, Boost Cancer Franchise (revised)
Putting rumors to rest, Pfizer Inc. (PFE - Analyst Report) and Medivation, Inc. (MDVN - Analyst Report) announced that they have entered into a definitive merger agreement under which Pfizer will acquire Medivation for $81.50 per share in cash or a total enterprise value of about $14 billion.The acquisition, slated to close in the third or fourth quarter, is expected to be immediately accretive to Pfizer’s earnings – earnings is expected to be boosted by about 5 cents in the first full ye..>> view originalStocks creep up amid Fed limbo, dollar dips
LONDON World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S. interest rates this year.European equities were 0.5 percent higher led by mining and banking stocks [.EU] after data that pointed to a gradual improvement in the region's economy ECONG7. The euro EUR= also posted gains. [/FRX] Early encouragement came from France where surprisingly upbeat PMI figures showed the private sector growing at its fas..>> view originalAsia Pacific|Man Sought by China Settles Case in New Zealand for $31M
WELLINGTON, New Zealand — A former pharmaceutical executive who Chinese authorities accuse of embezzling money and fleeing to New Zealand has settled his case for $31 million, New Zealand police said Tuesday, in a deal that represents an unusual level of cooperation between the two countries.William Yan settled without acknowledging any criminal or civil liability, the police said in a statement. Police had previously seized homes, luxury cars including a Porsche and a Maserati, and stocks f..>> view originalLyft president: We were never looking to sell our business and we're not for sale
Lyft President John Zimmer. Getty Images Lyft President John Zimmer blasted reports that the ride-hailing company is shopping itself around, disputing a series of recent news stories saying that Lyft had failed to find a buyer after talking to six different companies. "Lyft is not seeking a buyer," Zimmer told Business Insider. "Getting approached and then having it characterized as us wanting to sell the business and failing to do so is a large mischaracteriza..>> view originalVW, suppliers seek to settle dispute in marathon talks
BERLIN Volkswagen (VOWG_p.DE) and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal.After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, and ES Automobilguss, which produces cast iron parts needed to make gearboxes, but gave no further details. Th..>> view originalDelphi, Mobileye Join Forces to Develop Self-Drive System
Top auto-parts suppliers Delphi Automotive PLC and Mobileye NV are joining forces to develop a fully autonomous driving system that car makers could begin placing in their vehicles beginning in 2019. The two hope the development partnership will produce off-the-shelf systems for everything from small cars to sport utilities and pickup trucks—and help them carve out a central role in the race to supply technology for driverless...>> view originalEurozone Business Activity Shows No Sign of Brexit Slowdown
LONDON — Business activity across the 19-country eurozone grew at a steady but subdued pace in August as the region continued to show little concern about the impact of a British exit from the European Union.The purchasing managers' index, a gauge of activity in the services and manufacturing sectors, rose slightly to 53.3 points from 53.2 in July. The index published by IHS Markit is on a 100-point scale, with the 50 mark separating contraction from growth in activity.The result echoes the ..>> view original
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