News highlights for 31 October
A tattered flag bearing the Yahoo company logo flies above a building in New York, U.S., October 31, 2016. REUTERS/Lucas Jackson
Why did women executives leave Yahoo faster than men after deal announcement?
(Reuters) – Women executives left Yahoo Inc at an unusually high rate after the U.S. technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company’s 2016 diversity report, released on Monday. Read more…
Blackberry tie up with Ford to help automaker automate
TORONTO/BOSTON (Reuters) – BlackBerry Ltd has signed a deal to work directly with Ford Motor Co to expand the carmaker’s use of its QNX secure operating system, the Canadian technology company said on Monday, as Ford develops increasingly automated vehicles. Read more…
Panasonic shares plunge on spending news
TOKYO (Reuters) – Panasonic Corp shares plunged on Tuesday as investors reacted to a sharp downward revision of the electronics maker’s profit forecast, brought about by heavy spending to build its automotive battery business. Read more…
At Sony quarterly profits halve, blames quake
TOKYO (Reuters) – Japan’s Sony Corp on Tuesday reported a 48 percent drop in operating profit for the July-September quarter as earthquake damage continued to affect its cash-cow imaging sensor business. Read more…
Meanwhile Sharp reports it’s first annual profit in three years
TOKYO (Reuters) – Japan’s Sharp Corp on Tuesday forecast its first annual operating profit in three years after it cut jobs and withdrew from its loss-making television business in North America. Read more…
Millions of Africans using mobile money, for many things
Mobile money has become a way of life for millions of Africans who use their phones to pay utility bills, settle loans and even bail out friends in distress. There were 84 million active mobile money accounts in Africa as of December, according to the London-based industry group GSMA. It says there were mobile money operations in 31 African countries. Read more…
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