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Thursday, 30 July 2015


The loading screen of the Facebook application on a mobile phone is seen in this photo illustration taken in Lavigny May 16, 2012.

At least Facebook has firepower to buy growth

29 July 2015

Costs, notably R&D, rocketed 82 pct in Q2, twice the rate of top-line growth. The likes of Twitter and Yelp are also spending heavily for future revenue. With $4 bln in quarterly sales, plenty of cash and a record of savvy deals, Mark Zuckerberg has the clout to succeed.

A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012.

Buyout firms are sitting on dry powder keg

29 July 2015

Carlyle and Apollo found more to sell than buy in the second quarter, a pattern becoming hard to break. Along with Blackstone, KKR and others, global LBO shops have almost $500 bln to invest. As corporate buyers keep winning deals, private equity’s fuse may get short.

A.G. Lafley, Procter & Gamble chairman and chief executive in New York October 3, 2005.

P&G's Lafley leaves second act only half finished

29 July 2015

The $217 bln nappies-to-razors giant’s CEO passes the baton barely two years after returning to the job. A.G. Lafley has sold divisions, cut costs and killed duff brands, but P&G’s shares barely budged. It now falls to David Taylor to reignite growth - or risk activists’ ire.

A portrait of the Twitter logo in Ventura, California December 21, 2013.

Twitter's mealy-mouthed strategy is hard to follow

29 July 2015

Interim boss Jack Dorsey said the micro-blogging site isn’t satisfied with just a 66 pct increase in Q2 revenue. His prescription for what ails Twitter, however, is cryptic. Companies that can’t express goals clearly, especially ones seeking a CEO, reduce chances for success.

Brazil's President and Workers' Party (PT) presidential candidate Dilma Rousseff reacts during a news conference in Brasilia October 6, 2014.

S&P warning portends grim road ahead for Brazil

29 July 2015

Many of Dilma Rousseff’s compatriots want the president impeached. S&P hasn’t gone that far but warns corruption and political turmoil may cost the $2 trln economy its investment-grade rating, which is another kind of indictment. Her second term will pay the price of her first.

U.S. Democratic presidential candidate Hillary Clinton speaks at a campaign event in Des Moines, Iowa, United States, June 14, 2015.

Clinton half-hearted on helping labor over capital

29 July 2015

The would-be U.S. president wants to tackle inequality. Proposals to tweak capital gains taxes, for example, are part of that. Things like raising minimum wages or abolishing the interest deduction might do more. Clinton’s problem is she can’t afford to knock business too hard.

A view of an entrance to a parking garage at the central terminal of LaGuardia Airport in the Queens borough of New York April 8, 2014.

LaGuardia gets a refreshing clearance for takeoff

28 July 2015

One of the worst U.S. airports, in the country’s financial hub, is finally slated to be rebuilt, by 2021. At least $4 bln of funding will be public, private and local, but Washington played an important advocacy role. Absent a nationally led effort, it’s a decent model to follow.