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Debenhams Gets Breathing Room With 40 Million-Pound Credit Deal

The company also announced an agreement with export and logistics company Li & Fung Ltd. on a sourcing partnership for Debenhams own-brand products. The deal “will help us anticipate and respond more quickly to trends and our customers’ preferences, as well as delivering better quality product,â€� Chief Executive Officer Sergio Bucher said in a statement Tuesday. Debenhams,... [Read more]

The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years More here: The Global Iron Ore Crisis: What's Next in Four Charts  Read More →

Obama seeks ‘irreversible’ opening to Cuba

This story is part of a weeklong Yahoo series marking one year since the opening of relations between the United States and Cuba. Read more here: Obama seeks ‘irreversible’ opening to Cuba  Read More →

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation

A man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee... [Read more]

Hyundai Motor hires former GM researcher to lead self-driving car center

Hyundai Motor Group has hired a former General Motors researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. Lee Jin-woo, 47, who has previously led autonomous driving … Here is the original: Hyundai Motor hires former GM researcher to lead self-driving car center  Read More →

Auto CEOs want Trump to order review of 2025 fuel rules

By David Shepardson WASHINGTON (Reuters) – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025. In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co , Ford Motor Co, Fiat Chrysler Automobiles NV, along with... [Read more]

‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole,... [Read more]

In glitzy Singapore, hotels’ success recipe is being average

Liesbeth Foesters travels for business around the world, but none of her hotel rooms was smaller than the one she got in Singapore. “If you compare this with (the room I had in) China, it is nothing, but … we have to adapt to the budget,” the 30-year-old Belgian… Original post: In glitzy Singapore, hotels’ success recipe is being average  Read More →

Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health... [Read more]

Microsoft offers patent troll defense for cloud customers

Companies new to the cloud are vulnerable to non-practicing entities, which do not make any products themselves but use their arsenal of broad technology patents to sue other firms in order to extract royalties or a cash settlement. The new offering could appeal to companies new to the cloud arena, needing a service such as Microsoft's Azure to store their data or… Original post:  Microsoft... [Read more]

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