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Teva shares jump 4% premarket as company says it will cut 14,000 jobs in restructuring

“Teva Pharmaceutical Industries Ltd. shares TEVA, -4.96% jumped 4% in premarket trade Thursday, after the company announced further restructuring moves aimed at improving its financial performance” writes Ciara Linnane for marketwatch.com. The company is expecting to book a restructuring charge of at least $700 million in 2018.”Today we are launching a comprehensive restructuring plan, crucial to restoring our financial security and stabilizing our business,” Chief Executive Kare Schultz said in a statement.”We are taking immediate and decisive actions to reduce our cost base across our global business and become a…

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Robots are being used to deter homeless people from setting up camp in San Francisco

“The San Francisco Business Times reported last week that the San Francisco SPCA, an animal advocacy and pet adoption group, put a security robot to work outside its facilities in the gentrifying Mission neighborhood” writes Melia Robinson for businessinsider.sg. In San Francisco, autonomous crime-fighting robots that are used to patrol parking lots, sports arenas, and tech company campuses are now being deployed to keep away homeless people.The robot’s presence is meant to deter homeless people from setting up camps along the sidewalks.The K9 robot circling the SF SPCA has drawn…

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Crypto News 

Someone is selling a ‘spectacular’ penthouse in Miami — but they’re only accepting bitcoin

“Justino Ferret, the agent on the property, told Business Insider that this seller is only accepting bitcoin” writes Akin Oyedele for businessinsider.my. Since Redfin doesn’t yet list properties in bitcoin, the $33 listing price fell below its minimum-price threshold, and the apartment was not available for a tour.For 33 bitcoins, this “spectacular” penthouse in Miami could be yours.On Tuesday, Joseph Borg, a securities regulator, told CNBC that he had seen mortgages being taken out to buy bitcoin. Source: businessinsider.my Share This:

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Crypto News 

Venezuelans seeing bitcoin boom as survival, not speculation

“Venezuelans with bitcoin can sell their digital currency on one of a half-dozen virtual exchanges filled with compatriots looking to buy bitcoin” writes The Associated Press for seattletimes.com. The digital currency debuted on a major U.S. exchange with its first futures contract Sunday.The early Venezuelan bitcoin adopters consisted largely of engineers and business leaders, but these days Useche said he is surprised by the number of poor, elderly Venezuelan making small bitcoin purchases.The shift toward cryptocurrencies in Venezuela is taking place as the price of bitcoin has climbed to a…

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Crypto News 

Venezuela seeing bitcoin boom amid economic crisis

“Venezuelans with bitcoin can sell their digital currency on one of a half-dozen virtual exchanges filled with compatriots looking to buy bitcoin” reports foxbusiness.com. The digital currency debuted on a major U.S. exchange with its first futures contract Sunday.The early Venezuelan bitcoin adopters consisted largely of engineers and business leaders, but these days Useche said he is surprised by the number of poor, elderly Venezuelan making small bitcoin purchases.The shift toward cryptocurrencies in Venezuela is taking place as the price of bitcoin has climbed to a peak of more than…

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Dixons Carphone to shake up smartphone business as profits tumble

“Dixons Carphone is planning an overhaul of its smartphone business after falling demand for new models contributed to a 62pc drop in pre-tax profits” writes Jack Torrance for telegraph.co.uk. The owner of Currys PC World said its electricals business was growing.But like-for-like sales of smartphones, including those sold through its Carphone Warehouse stores, dropped 3pc, which chief executive Sebastian James blamed on customers failing to upgrade their phones as often as in previous years.Phone sales were also affected by the timing of the launch of the iPhone X, which pushed…

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Here’s what Trump’s tax plan means for people working in finance who make between $40,000 and $139,00 a year

“Career site Zippia provided Business Insider with data breaking down how different occupations fare under the Senate’s tax plan” writes Ine Cain for businessinsider.com. Here’s a look at how people working in finance, from accounting clerks to financial managers, could see their taxes change next year if the Senate’s tax plan becomes law:. Business Insider specifically looked at how financial professionals fared under the new tax plan. Source: businessinsider.com Share This:

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It’s official: Apple is buying Shazam

“Apple has bought Shazam, the popular music-recognition app and augmented-reality service” writes Kif Leswing for businessinsider.sg. We have exciting plans in store, and we look forward to combining with Shazam upon approval of today’s agreement.” Here’s Shazam on the deal, provided by spokesperson Giovanni Bossio: “We are excited to announce that Shazam has entered into an agreement to become part of Apple.Shazam and Apple both confirmed the purchase on Monday morning. “We are thrilled that Shazam and its talented team will be joining Apple,” an Apple spokesperson told Business Insider….

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