Deutsche Bahn plans thousands of job cuts in overhaul: sources

[Buzz_Burner_Fresh_Updates] Deutsche Bahn plans thousands of job cuts in overhaul: sources – reuters.com BERLIN (Reuters) – German rail operator Deutsche Bahn has plans to introduce radical savings measures, including cutting thousands of jobs, especially in its freight business, sources familiar with the plans told Reuters on Thursday. Continue Reading On reuters.com »  

Yum's China missteps amplify calls for spinoff, other change

[Buzz_Burner_Fresh_Updates] Yum's China missteps amplify calls for spinoff, other change – reuters.com LOS ANGELES (Reuters) – Yum Brands Inc’s disappointing results from restaurants in China including KFC and Pizza Hut add new pressure on Chief Executive Greg Creed to make swift changes to the business that is its main driver of sales and profit, analysts […]

JPMorgan buys more mortgages from other lenders as market shrinks

[Buzz_Burner_Fresh_Updates] JPMorgan buys more mortgages from other lenders as market shrinks – reuters.com NEW YORK (Reuters) – JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky. Continue Reading On […]

JPMorgan buys more mortgages from other lenders as market shrinks + MORE

[Buzz_Burner_Fresh_Updates] Renault-Nissan discussing change in alliance structure to counter French control: paper – reuters.com TOKYO (Reuters) – Renault SA and Nissan Motor Co have entered discussions to reorganize their capital alliance structure in a bid to water down Paris’s control of the French automaker, the Nikkei business daily reported on Wednesday. Continue Reading On reuters.com […]

500 Startups sets up $15M microfund to focus on Turkey

[Buzz_Burner_Fresh_Updates] 500 Startups sets up $15M microfund to focus on Turkey – vator.tv The fund will invest $50,000 to $100,000 in over 100 startups over the next few yearsLast month, early stage venture capital firm/accelerator 500 Startups revealed  that it was expanding its operations around the globe, hiring six new partners to focus on specific […]

UK's Labour says to launch "radical review" of economic institutions

[Buzz_Burner_Fresh_Updates] UK's Labour says to launch "radical review" of economic institutions – reuters.com BRIGHTON, England, Sept 28 (Reuters) – Britain’s opposition Labour Party will launch a “radical review” of the national institutions that manage the economy, including the Bank of England, its finance spokesman will say on Monday. Continue Reading On reuters.com »