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High value https://ift.tt/2DwkkpS … is not the same as low price. The price is obvious. It can be seen from a mile away. But value is more subtle. It often needs to be experienced to be understood. The price is the same for every person who buys that item at retail. The value is different for everyone. Low price is the last refuge for marketers who don’t have the patience or guts to demonstrate value for those that need it. Business via Seth Godin https://seths.blog September 26, 2018 at 04:09AM
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REPORT: Deutsche Bank has discussed plans for a merger with Swiss giant UBS (DB, UBS) https://ift.tt/2xGAxTV REUTERS/Kai Pfaffenbach
Deutsche Bank has made plans for a potential merger with Swiss banking giant UBS, a report from German newspaper Handelsblatt said on Wednesday. Citing people familiar with the matter, Handelsblatt said that senior Deutsche Bank staff discussed the possibility for a tie up with UBS — which would combine the biggest lenders in Germany and Switzerland — at a strategy meeting earlier in September. The discussions were part of a meeting in which the bank's supervisory board also discussed a long vaunted merger with Commerzbank, Germany's second biggest bank and one of Deutsche Bank's key domestic rivals. Speculation that Deutsche Bank may merge with Commerzbank, its German rival, has swirled for years in the market, but neither side has commented. Bloomberg reported in June that Deutsche Bank's board spoke with shareholders and the government privately about a potential deal. However, Handelsblatt says, executives were keen to stress that a merger with UBS would make more sense and be a better match. "Deutsche Bank and UBS would complement each other well with their different strengths in investment banking and asset management," Handelsblatt said, citing insiders at the bank. While Deutsche Bank's supervisory board discussed a potential tie-up, there is no indication that any talks have started between the two banks, or even that Deutsche Bank is actually planning an approach to UBS. Deutsche Bank declined to comment when contacted by Business Insider. UBS did not immediately reply to a request for comment. The report is the latest in long list of rumours about possible partners or targets for Germany's largest bank. In July, for example, the German magazine WirtschaftsWoche reported that JPMorgan and Industrial and Commercial Bank of China could be interested buying a stake, citing unnamed sources in German regional government. JPMorgan denied that report. Reports of discussions about a merger with UBS come just months after the ousting of Deutsche Bank's CEO John Cryan earlier in the year. Cryan was replaced by long-serving bank insider Christian Sewing in April. Soon after his appointment, Sewing announced plans to scale back US operations and cut jobs. Sewing has previously indicated publicly that Deutsche Bank would be willing to explore a merger, but only after the bank is profitable again. "We have a very clear plan to remain a global bank, but we have to work on profitability now," Sewing said at an event in Berlin on Monday. "If that happens, we can talk about other things." Deutsche Bank in February reported a full-year loss of €497 million ($586 million) for 2017, its third straight year of losses. NOW WATCH: Why horseshoe crab blood is so expensive See Also:
SEE ALSO: Santander poaches UBS investment bank chief Andrea Orcel as new CEO Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 03:42AM
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England's Wembley stadium is close to being sold to a US billionaire for £600 million https://ift.tt/2ORjWDz Getty Images
England's Football Association will hold a board vote on Thursday to decide whether to sell London's iconic Wembley Stadium to US billionaire Shahid Khan, the Financial Times reported. If the sale goes through, the home of English soccer, will be sold to Khan, also known as Shad Khan, for £600 million ($790.4 million), according to the newspaper. Khan, a Pakistani-American billionaire and philanthropist, is the owner of the Jacksonville Jaguars of the National Football League and Fulham F.C. of the English Premier League. Khan has been in talks to acquire the stadium from the FA since April. The terms of the deal must be approved by the FA's 10-member board at a meeting on Thursday, and a minority are yet to indicate their support, the FT said, citing people close to the talks. See Also:
Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 03:36AM
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10 things in tech you need to know today https://ift.tt/2DuP0I3 Teerawit Chankowet / Shutterstock Good morning! This is the tech news you need to know this Wednesday.
Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings. NOW WATCH: Watch Apple unveil a new, bigger watch See Also:
Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 02:27AM
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10 things you need to know in markets today https://ift.tt/2DuLKMT REUTERS/Jonathan Ernst Good morning! Here is what you need to know on Wednesday. 1. It'd Fed day! With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in US economic growth will prompt the central bank to ramp up the pace of monetary policy tightening. This week's two-day policy meeting could mark the formal end of the "accommodative" level of rates the Fed has used to support the American economy since the onset of the 2007-2009 recession. Citigroup says to be prepared for a dovish rates announcement. 2. China's state planner on Wednesday called for further advancement in the country's $3.8 trillion digital economy, saying sectors such as big data and artificial intelligence (AI) will become drivers of job creation. The Chinese economy is in the midst of a long-term restructuring that has seen the decline of low-end industries and the emergence of higher-value factories that make robotics and drones. 3. Rosmah Mansor, the wife of former Malaysian prime minister Najib Razak, arrived on Wednesday at the country's anti-graft agency for a second round of questioning over a corruption probe at state fund 1MDB. Her questioning comes amid indications that more charges could be filed in the investigation into how billions of dollars went missing from 1Malaysia Development Berhad (1MDB). 4. A senior United Arab Emirates (UAE) official warned European powers on Tuesday that it was offering Iran a glimmer of hope by trying to keep trade flowing, but that ultimately they would fall behind the United States' tough approach on Tehran. The UAE, Saudi Arabia, and Bahrain swiftly backed US President Donald Trump's decision in May to withdraw from a 2015 international accord with Iran that curbed Tehran's nuclear program in exchange for loosening economic sanctions. Meanwhile, White House national security adviser John Bolton on Tuesday dismissed an EU plan for a special payments plan to circumvent US sanctions against Iranian oil sales. 7. Deutsche Bank has looked at a theoretical scenario of merging with UBS, the German business daily Handelsblatt reported, citing people familiar with the matter. The scenario, along with a potential merger with Commerzbank, was discussed at the bank's strategy meeting with the supervisory board earlier this month, Handelsblatt said. 8. England's Football Association has reportedly agreed to sell Wembley Stadium to a US billionaire for £600 million. The FA board will vote on Thursday whether to sell the stadium to billionaire Shahid Khan, the Financial Times reported. 9. Oil benchmark Brent traded little changed on Wednesday after rising to its highest in nearly four years in the previous session. US crude futures fell as US officials tried to assure that the market would be well-supplied before sanctions are re-imposed on producer Iran. 10. British Prime Minister Theresa May will pledge on Wednesday that her government will be "unequivocally pro-business" as it seeks to forge a future role outside the European Union. May will say she has no plans to abandon her current Brexit plan, shrugging off criticism at home and in Brussels after an acrimonious meeting of EU leaders last week, according to extracts from a speech to be given to business leaders in New York. See Also:
Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 02:27AM Vivaldi releases version 2.0 of its browser featuring expanded customization and privacy tools9/26/2018
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Vivaldi releases version 2.0 of its browser featuring expanded customization and privacy tools https://ift.tt/2DxszC0 Maverick browser developer Vivaldi released version 2.0 today as the company continues its quest to target users who crave a feature-backed web surfing tool that also offers greater privacy options. Vivaldi was founded by Jon von Tetzchner, a former CEO of Opera who oversaw that company’s browser development for years. Since leaving several years ago, he believed that the trend toward leaner, simpler browsers was leaving behind a larger group of users who wanted more. That led to the launch of Vivaldi 1.0 in 2016. The first version offered features such as tab stacks to help manage large numbers of open tabs, the ability to view multiple pages at the same time using tiles, notes to let users save excerpts of pages, and web panels that could be viewed via a sidebar. Since then, Vivaldi has been downloaded more than 1 million times. Yes, it’s puny compared to the more than 1 billion users of Google’s Chrome browser. But in some ways, that’s point: Finding a narrower focus that’s better for a core group of users. “What we’re gradually doing is polishing the browser,” von Tetzchner said. “We’re aiming for a richness in the browser that you don’t find anywhere else.” Despite the long odds it faces, the launch of Vivaldi couldn’t have come at a better time. Just as version 1.0 was rolling out, concerns about privacy were exploding as tech giants faced growing questions about their collecting and handling of personal data. Indeed, that issue flared again this week amid revelations that the latest version of the Google Chrome browser would automatically log users in by default. By contrast, Vivaldi gathers no personal information and places no cookies to track users on their computer. While such data offers a tempting way to monetize users,von Tetzchner insists Vivaldi will never go down that road. Over the past year, the company has also partnered with privacy-focused search engines Qwant and DuckDuckGo. “Some of those business models we don’t want to be a part of,” he said. “There’s this debate about whether you should you track users or no. We don’t do it, and we don’t think we should.” Meanwhile, the company has continued to release a never-ending-stream of updates and constant improvements. But the latest round were signficant enough that the team thought it was time to officially apply the 2.0 label. VIDEO The most notable changes include:
“We have a massive amount of features we’re building on,” he said. “Every feature can be approved.” Looking ahead, he said the big challenges in the coming months include developing a mobile version of the browser as well as an email service. The company currently has 42 employees, and is mainly being boostrapped by von Tetzchner. Revenue is coming in via the partnership deals. And while the company isn’t profitable yet, he’s optimistic that it is on the path toward sustainability. “It takes time to build a company like Vivaldi,” he said. “We’re not taking external investment. We’re not building something to be sold or to IPO. We want to build a fantastic browser and provide it to those who want it. And that’s how we’re building the company: To focus on the users.” Business via VentureBeat https://venturebeat.com September 26, 2018 at 02:26AM
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Activists projected the phrase, 'Kavanaugh is a sexual predator' onto a courthouse building in Washington https://ift.tt/2IiDT3E Alex Brandon/AP
The women's rights group, UltraViolet, projected the words "Kavanaugh is a sexual predator" onto a courthouse building in Washington, DC. The incident happened Tuesday night, amid preparations for a Senate Judiciary hearing Thursday, where Kavanaugh is expected to formally answer to allegations from Christine Blasey Ford, who said Kavanaugh sexually assaulted her when they were teenagers in the 1980s. A second woman, Deborah Ramirez, accused Kavanaugh of exposing himself to her when they were in college, but it's not yet clear whether she will also testify to lawmakers. Kavanaugh denies all of the allegations. The group cycled through a number of messages Tuesday night, according to the The Hill — at points displaying messages like "He lied every time he testified," and "Kavanaugh must withdraw." UltraViolet previously projected the message, "Roe v. Wade is more popular than Brett Kavanaugh" onto the front of the Supreme Court building September 4; a nod to the landmark 1973 Supreme Court decision legalizing abortion nationwide, which some say is in jeopardy if Kavanaugh were gets confirmed. NOW WATCH: Inside the Trump 'MAGA' hat factory See Also:
Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 01:57AM
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Some of Brett Kavanaugh's Yale colleagues who previously defended him are now saying the sexual assault allegations he's facing should be investigated https://ift.tt/2IhP3FS
Several of Judge Brett Kavanaugh's Yale colleagues who signed a letter publicly endorsing his nomination to the Supreme Court in August, are now voicing their support for an investigation into sexual assault accusations made against him. Kent Sinclair, Douglas Rutzen and Mark Osler, were among nearly 25 of Kavanaugh's law school classmates who signed a letter August 27 to the Senate Judiciary Committee, praising Kavanaugh's former judiciary accomplishments in support of his confirmation to the nation's highest court. But the three Yale alumni told The Washington Post in a story published on Tuesday that they agree there should be an investigation into sexual assault claims that emerged this month from Dr. Christine Blasey Ford, who said Kavanaugh sexually assaulted her when the two were in high school. A second woman, Deborah Ramirez, claimed Kavanaugh exposed himself to her while they were in college at Yale. Kavanaugh has adamantly denied the accusations. Both Kavanaugh and Ford are set to testify before the Senate Judiciary Committee on Thursday. And the vote for Kavanaugh's confirmation is scheduled for Friday. "The confirmation process should be conducted in a way that fosters trust in the process and the Supreme Court, and that seriously considers allegations of sexual violence,” Sinclair and Rutzen told The Post, adding that the latest allegations from Ramirez deserve "a fair and credible investigation." The three joined Yale law professor Akhil Amar, who once taught Kavanaugh and who also publicly endorsed his qualifications for the Supreme Court, in their collective assertion that there should be an investigation. Current Yale law students staged a sit-in on campus Monday to demand the same. NOW WATCH: Inside the Trump 'MAGA' hat factory See Also:
Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 01:39AM A controversy over Chrome's new login requirements forces Google to make changes (GOOG GOOGL)9/26/2018
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A controversy over Chrome's new login requirements forces Google to make changes (GOOG, GOOGL) https://ift.tt/2OQBi3q REUTERS/Stephen Lam
Google on Tuesday seemed to go out of its way to squash a controversy over recent changes to the popular Chrome browser. On Sunday, Matthew Green, a security researcher and professor at Johns Hopkins, revealed that Google had quietly started automatically logging in Chrome users. Anytime someone signed on to one of Google's properties, such as Gmail or Google Drive, they would be automatically be logged into their Chrome accounts as well. Green said that he and many others had chosen not to sign in as a added layer of protection from accidentally sharing their browser histories with Google. Before the recent change, users had to take two steps in order to turn their browser data over to Google. They needed to sign in, and then agree to sync their info. If users were automatically signed in by Google, one of those steps disappeared. Green also accused Google of making the new sync-consent page more confusing. He said this would make it much easier for users to mistakenly turn over their info. Green predicted that the change would result in a hit to Google's reputation. 'We want to be clearer about your sign-in state'But managers at Chrome on Tuesday acknowledged the complaints. In response, the company said a forthcoming Chrome update, due next month, will add the option of turning off the links between Chrome's login with the login for Google's other properties. Google will also update the user interface to make it more obvious whether a user is sharing data with the company. In a statement, Zach Koch, Chrome product manager, said, "We want to be clearer about your sign-in state and whether or not you're syncing data to our Google account." Finally, Koch said that the company will change the way it manages authorization cookies. "In the current version of Chrome," Koch said, "we keep the Google auth cookies to allow you to stay signed in after the cookies are cleared. We will change this behavior so all cookies are deleted, and you will be signed out." Google says the reason it changed the login procedures was to "simplify the way Chrome handles sign-in." Green expressed skepticism about Google's reasoning. The search giant has yet to explain why it made the change without notifying users in the first place. NOW WATCH: Apple might introduce three new iPhones this year — here’s what we know See Also:
Business via Business Insider https://ift.tt/1IpULic September 26, 2018 at 12:21AM
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Republicans hired a female lawyer to question Brett Kavanaugh and Christine Blasey Ford in their upcoming sexual-assault hearing — but a lawyer for his second accuser says they're being railroaded https://ift.tt/2QY6nnd
Republicans on the Senate Judiciary Committee hired an Arizona sex-crimes prosecutor to ask questions on their behalf at a scheduled hearing during which Christine Blasey Ford will speak about her sexual assault allegations against Brett Kavanaugh, multiple news outlets reported on Tuesday night. Rachel Mitchell, a Maricopa County attorney, will lead a round of questioning at the Thursday hearing. Committee chairman Chuck Grassley initially did not reveal Mitchell's identity, but he changed course after some sharp rebukes from Ford's attorneys and others. Ford has accused Kavanaugh of holding her down, fondling her over her clothes, and covering her mouth so she couldn't scream when they were teenagers in the 1980s. Kavanaugh denies the allegation. The hearing set for Thursday is happening as Republicans on the Senate Judiciary Committee clamor to get Kavanaugh confirmed to the Supreme Court. A vote on that is scheduled for Friday. Additionally, there were lingering questions about whether Deborah Ramirez, Kavanaugh's second accuser, would testify. Ramirez says Kavanaugh exposed himself to her while they were students at Yale, a claim Kavanaugh also denies. Ramirez's attorney, John Clune, said that Republican members of the Judiciary Committee were no-shows for a scheduled phone call on Tuesday. Clune told MSNBC, "They won't talk to us." "The demand that they keep making to us is, 'Give us every piece of information that you have now and then we can talk about scheduling a phone call,'" Clune said. In an interview with CNN, Clune said a phone call was finally scheduled for Tuesday night at 7 p.m. ET, but only the Democrats showed up. Clune is among those asking that the FBI open a new investigation into the sexual assault claims against Kavanaugh. The wrangling has exasperated some Republicans who are eager to confirm Kavanaugh to the Supreme Court and notch another victory for President Donald Trump ahead of the November midterm elections. Trump last week indicated he was open to Ford sharing her story with the lawmakers, but has since turned away from that idea. This week, Trump has also sought to discredit Ramirez. He's now accusing Democrats of using the women as part of what he called a "con game" to destroy Kavanaugh. NOW WATCH: Inside the Trump 'MAGA' hat factory See Also:
Business via Business Insider https://ift.tt/1IpULic September 25, 2018 at 11:27PM |
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