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Apple could easily buy Netflix Now, but here’s why it would be a surprising move

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With the newly passed tax cuts, Apple Inc. (AAPL) has an embarrassing amount of cash at its disposal. Among the uses for its windfall, Citigroup Inc. suggested in a recent note that the company could turbocharge its video strategy, which has struggled at times, by purchasing Netflix Inc. (NFLX) . Shares of Netflix gained about 4.8% to $201.07 on Tuesday, amid speculation about the company's fate and an upgrade from Macquarie Capital.  The gains put Neflix's market cap at just over $87 billion. Even if Apple paid a 20% takeover premium, the r... Read More »

Apple leads race to become world’s first $1tn company

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The race is on to become the world’s first trillion-dollar company, with all eyes fixed on tech giants such as Apple, Amazon, Facebook and Alphabet, the parent company of Google. Financial commentators and investors predict 2018 will herald the first firm with a stock market valuation of $1tn (£738bn) or more, if technology share prices continue to rise as strongly as in 2017. Apple is leading the way, with a market valuation of $869bn on Tuesday, a figure arrived at by multiplying the company’s share price by the number of shares in circ... Read More »

Kensington Roof Gardens to close after more than 35 years

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Kensington Roof Gardens, one of ­London’s best-known party venues, is to close after its owner of more than 35 years, Virgin, said a challenging market meant it had struggled to make a profit.  The gardens, now a Grade II-listed site, date back to the 1930s, but the company said yesterday: “The time has come for us to close our doors. “In an ever-changing London market the roof gardens has stood the test of time but in the face of unpredictable market conditions and a challenge to remain profitable, we feel that the time has come for us to c... Read More »

Tim Cook required to fly only by private jet

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In documents filed with the US markets regulator, Apple said the policy was "in the interests of security and efficiency". Apple reported that Mr Cook's personal travel expenses came to $93,109 (£69,253) in 2017. His personal security expenses came to $224,216, the tech giant added. In 2017, the chief executive's salary was just over $3m. He also received $9.3m in bonuses, plus $89m of shares that were promised to him if he met certain targets. Apple's market capitalisation rose to $868bn in November, making it the world's most valuable publ... Read More »

Tesla’s Elon Musk promises pick-up truck and new features

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Elon Musk made the promise on Twitter after asking his followers for suggestions about how the firm could improve. He said the open-backed truck would follow the Model Y - a yet-to-be detailed car, which is expected to be based on its Model 3 sedan. But experts note Tesla has suffered repeated delivery delays. That has led some to question whether the loss-making company can meet its existing commitments - which also include a forthcoming articulated lorry and sports car. Mr Musk also made several promises about new features Tesla intends to... Read More »

Shell and Barclays ‘lose’ £2bn in US tax changes

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Barclays is facing a larger full-year loss than expected because it told investors that the tax changes would initially cost it about £1 billion. At the same time, Royal Dutch Shell said in a statement to the stock market that the tax cut would lead it to take a hit to its earnings of between $2 billion and $2.5 billion.   ... Read More »

UK bosses are richest in Europe

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Research by Vlerick Business School in Belgium found that FTSE 100 chief executives took home pay packages worth 94 times those of their average staff member, despite government attempts to crackdown on ballooning corporate compensation. The school’s analysis, reported by the Financial Times, found that top French and German company chiefs were the only ones who came close to their British peers, earning multiples of 91 and 89 times their average worker. ... Read More »

Which big names in business are 2018’s ones to watch?

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Michael O’Leary In 2011, the chief executive of Ryanair, Michael O’Leary, outlined his pitch for one of the most sought-after honours in the world: “There hasn’t been a war in Europe for 50 years, because they’re all too busy flying on Ryanair. I should get the Nobel peace prize – screw Bono.” Shamefully, the Nobel committee continues to overlook O’Leary as a potential laureate, although he is increasingly being recognised in other areas. Having admitted that his company may not always have treated its passengers quite as they hoped, O... Read More »

World’s Biggest Education Market Is Opening For Business

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Successive reforms of strict prohibitions on foreign-owned schools has seen the number of students enrolled in international schools rise, with the Chinese market now the largest in the world. And the most lucrative end of the market is in line for a significant fillip in 2018 following changes introduced this year. Suspicion of western influence has been behind a historical reluctance on the part of the Chinese authorities to allow international schools to gain anything more than a toe-hold in the country. Access was generally denied to Chi... Read More »

Chinese skyscraper to be auctioned online

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A 156m (511ft) skyscraper in northern Shanxi province has been listed on Taobao, China's largest e-commerce website, by a local court. The 76,000 sq m repossessed building is due to go on the block on 2 January, with a sky high asking price of 553m yuan ($84m; £62m). The site said online auctions helped with transparency in property sales. Construction on the building first began in 2006 and was due to be completed by 2011, according to Chinese state media outlet Xinhua. However, the developer ran into funding troubles. The building was even... Read More »

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