Buyer interest in UK house market grows for first time since 2016

Microsoft says its Teams app is bigger than Slack and growing… The success of Teams, at least in relation to Slack, is an example of how Microsoft can make hits out of young products just by distributing it to its large collection of…Technologyread more


Microsoft says its Teams app is bigger than Slack and growing… The success of Teams, at least in relation to Slack, is an example of how Microsoft can make hits out of young products just by distributing it to its large collection of…Technologyread more
Buyer interest in UK house market grows for first time since 2016 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: david reid
Keywords: news, cnbc, companies, 2016, oftechnologyread, market, young, interest, microsoft, uk, large, buyer, relation, products, house, slack, teams, success, grows, hits


Buyer interest in UK house market grows for first time since 2016

Microsoft says its Teams app is bigger than Slack and growing…

The success of Teams, at least in relation to Slack, is an example of how Microsoft can make hits out of young products just by distributing it to its large collection of…

Technology

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Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: david reid
Keywords: news, cnbc, companies, 2016, oftechnologyread, market, young, interest, microsoft, uk, large, buyer, relation, products, house, slack, teams, success, grows, hits


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Amazon is making grocery brands pay for losses on Prime Day promotions, as focus on profit grows

As Amazon grows more profit-conscious, it is making sure grocery brands cover losses on low-priced products sold during Prime Day, one of its biggest sales events of the year. For this year’s Prime Day, Amazon is charging “additional funding” to certain grocery brands if sales of their promotional products result in a loss for Amazon, according to an email seen by CNBC. Amazon said the change is intended to “fund the profitability gap” of such products, which Amazon purchases wholesale and sells


As Amazon grows more profit-conscious, it is making sure grocery brands cover losses on low-priced products sold during Prime Day, one of its biggest sales events of the year. For this year’s Prime Day, Amazon is charging “additional funding” to certain grocery brands if sales of their promotional products result in a loss for Amazon, according to an email seen by CNBC. Amazon said the change is intended to “fund the profitability gap” of such products, which Amazon purchases wholesale and sells
Amazon is making grocery brands pay for losses on Prime Day promotions, as focus on profit grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: eugene kim
Keywords: news, cnbc, companies, grocery, sold, pay, products, prime, focus, unprofitable, sales, required, amazon, vendors, making, losses, profit, deal, day, grows, promotions


Amazon is making grocery brands pay for losses on Prime Day promotions, as focus on profit grows

As Amazon grows more profit-conscious, it is making sure grocery brands cover losses on low-priced products sold during Prime Day, one of its biggest sales events of the year.

For this year’s Prime Day, Amazon is charging “additional funding” to certain grocery brands if sales of their promotional products result in a loss for Amazon, according to an email seen by CNBC. Amazon said the change is intended to “fund the profitability gap” of such products, which Amazon purchases wholesale and sells on its own.

In return, Amazon is waiving the placement fee required to run Prime Day promotions, which typically costs $500 per deal.

“This year we’ve decided not to charge placement fees for inclusion in deal events but instead we request our vendors to fund a [listing] if it’s unprofitable for the duration of the deal,” Amazon’s email to vendors said. “If additional funding is required, it will be based off total unprofitable units sold for the duration of the deal.”


Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: eugene kim
Keywords: news, cnbc, companies, grocery, sold, pay, products, prime, focus, unprofitable, sales, required, amazon, vendors, making, losses, profit, deal, day, grows, promotions


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Euro zone grows 0.4% in first quarter, beating expectations

Flash (preliminary) growth data from the region showed the economy grew 0.4% in the first quarter, up from 0.2% in the fourth quarter of 2018 and up from a 0.1% figure for the third quarter. Earlier Tuesday, Spain posted preliminary data showing a 0.7% expansion in the first quarter, and France posted 0.3% growth. Later, Italy posted 0.2% growth quarter on quarter, beating expectations. On Monday, data released showed that economic sentiment decreased “markedly” in both the euro zone and the wid


Flash (preliminary) growth data from the region showed the economy grew 0.4% in the first quarter, up from 0.2% in the fourth quarter of 2018 and up from a 0.1% figure for the third quarter. Earlier Tuesday, Spain posted preliminary data showing a 0.7% expansion in the first quarter, and France posted 0.3% growth. Later, Italy posted 0.2% growth quarter on quarter, beating expectations. On Monday, data released showed that economic sentiment decreased “markedly” in both the euro zone and the wid
Euro zone grows 0.4% in first quarter, beating expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: holly ellyatt
Keywords: news, cnbc, companies, investors, expectations, 04, growth, 02, data, latest, quarter, zone, posted, euro, grows, preliminary, beating


Euro zone grows 0.4% in first quarter, beating expectations

European investors are focused on the latest growth data from the region due on Tuesday, with investors looking for hints of a further slowdown — or a recovery — following a spate of lackluster figures.

Flash (preliminary) growth data from the region showed the economy grew 0.4% in the first quarter, up from 0.2% in the fourth quarter of 2018 and up from a 0.1% figure for the third quarter.

Most analysts predicted preliminary growth of between 0.2% and 0.4%. Analysts polled by Reuters predicted 0.3%.

Earlier Tuesday, Spain posted preliminary data showing a 0.7% expansion in the first quarter, and France posted 0.3% growth. Later, Italy posted 0.2% growth quarter on quarter, beating expectations.

Eurostat, the bloc’s statistics body, also posted the latest unemployment figures for March, with the jobless rate at 7.7%, down from 7.8% in February.

It’s not an easy time for the euro zone with flat growth in Germany and a short-lived recession in Italy worrying investors. There has been a gloomy raft of data recently ranging from industrial production to weak composite purchasing managers’ indexes (PMIs). The last flash services and manufacturing PMI stood at 51.3 in April, down from 51.6 in March, with the latest reading the third-lowest since November 2014.

IHS Markit, which compiles the PMI data, said new order growth remained close to stagnant, new export orders fell sharply, manufacturing output fell, and employment growth picked up only slightly.

Business expectations were also gloomy with political uncertainty, including Brexit, trade wars and protectionism all weighing on sentiment. IHS expected growth of around 0.2% in the first quarter.

On Monday, data released showed that economic sentiment decreased “markedly” in both the euro zone and the wider EU in April.

It’s not all been bad news, however. Other data released in recent weeks have shown modest growth in construction activity and euro zone retail sales that continue to surpass expectations.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: holly ellyatt
Keywords: news, cnbc, companies, investors, expectations, 04, growth, 02, data, latest, quarter, zone, posted, euro, grows, preliminary, beating


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Los Angeles population shrinking, even as larger region still grows

The County of Los Angeles’ population fell last year, even as other major counties in the state added residents. “Los Angeles is just not growing,” said Richard Green, director of the University of Southern California’s Lusk Center for Real Estate. Los Angeles and other California metros increased in population in the 1980s due in part to international immigration from Latin America and Asia. About 7.5 million people live in poverty in California, including about 15% of the population of Los Ang


The County of Los Angeles’ population fell last year, even as other major counties in the state added residents. “Los Angeles is just not growing,” said Richard Green, director of the University of Southern California’s Lusk Center for Real Estate. Los Angeles and other California metros increased in population in the 1980s due in part to international immigration from Latin America and Asia. About 7.5 million people live in poverty in California, including about 15% of the population of Los Ang
Los Angeles population shrinking, even as larger region still grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: jeff daniels, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, residents, added, larger, region, counties, housing, 2018, shrinking, los, population, grows, county, angeles, san


Los Angeles population shrinking, even as larger region still grows

The County of Los Angeles’ population fell last year, even as other major counties in the state added residents.

“Los Angeles is just not growing,” said Richard Green, director of the University of Southern California’s Lusk Center for Real Estate. “A lot of [the reason] is housing, and not just the cost of housing but the number of houses that are available. Vacancy is incredibly low.”

Los Angeles ranked fourth in terms of the nation’s most populous counties losing people in 2018, according to new estimates by the U.S. Census Bureau. It comes as the Los Angeles basin struggles with housing affordability and the lack of new home construction.

The government’s data, released April 18, shows the population in the County of Los Angeles decreased by 13,241 residents as of July 1, 2018, to 10.104 million people. Counties that lost more people in 2018 were Cook County/Chicago in Illinois as well as Queens and Kings counties in New York.

“There are big urban core counties across the country that are either losing population or gaining fewer people than they had 3 or 4 years ago,” said William Frey, a demographer for the Brookings Institution. He said that’s a reversal from earlier in the 2010 decade when big cities and large metropolitan areas were growing faster than suburbs.

According to Census data, just over 26% of the 360 metro areas within the U.S. showed population declines in 2018. It said areas with the fastest decreases were due mostly to negative net domestic migration.

Even though Los Angeles County lost residents, the new Census data shows California added 157,696 residents statewide in 2018, reaching a population of 39.557 million.

San Diego County — California’s second-largest county, with a population of 3.34 million people — added nearly 17,896 people in 2018, according to new Census data. Also, major counties in the San Francisco Bay region grew slightly in population in 2018, including Alameda (8,622 new residents), Contra Costa (5,352) and San Francisco (4,139).

Los Angeles and other California metros increased in population in the 1980s due in part to international immigration from Latin America and Asia. Even though that growth slowed substantially by 2000, new arrivals in the past five years have only added pressure to the state’s tight housing market.

The housing situation in Southern California is especially tough for lower-income residents. About 7.5 million people live in poverty in California, including about 15% of the population of Los Angeles County.

USC’s Green said there has been a spillover of Los Angeles residents moving into nearby Inland Empire counties, such as Riverside and San Bernardino. “You have all these people competing for housing, and there’s just not enough of it,” said Green.

Census data shows the Inland Empire region added more than 50,000 residents in 2018.

According to Rentcafe, average rents in Los Angeles County are $2,371 a month, up 7% from a year ago. That compares with average rents of $1,229 in San Bernardino County and $1,528 in Riverside County.

Also, Riverside and San Bernardino counties have become distribution hubs and locations for large fulfillment centers operated by Amazon and other companies. They have added thousands of new jobs in the past decade to the Inland Empire area and fueled more housing development.

“We’ve seen more jobs move east to Riverside and San Bernardino counties,” said Green. “They will become increasingly more important centers of the regional economy.”

— Graphic by CNBC’s John Schoen.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: jeff daniels, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, residents, added, larger, region, counties, housing, 2018, shrinking, los, population, grows, county, angeles, san


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Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions


But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions
Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

Amazon’s relentless pursuit of growth in retail, cloud computing, advertising and consumer devices has put the company squarely in the sights of Washington lawmakers who are concerned about Big Tech’s growing influence over consumers. But rather than fiercely fighting every battle, Amazon looks like its ready to play nice.

In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) called out abusive business practices. And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions by Sen. Bernie Sanders (D-VT).

Amazon also confirmed to CNBC that it would soon start accepting cash at the Amazon Go cashierless stores as a growing number of cities and states push for laws that require all stores to serve the unbanked. It’s all part of a strategy to be more likable at a time when tech companies are drawing heat for behavior that looks increasingly anti-competitive.

“I believe Amazon has made the connection between likability and immunity from regulation,” said NYU business professor Scott Galloway, author of “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.”

This is a different company from the vigorously defensive, win-at-all-cost Amazon we’re used to seeing.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


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China’s factory activity unexpectedly grows in March, a private survey shows

Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months, a private survey showed on Monday. The Caixin PMI is a private survey focused on smaller businesses and offers a first glimpse into the operating environment. Despite the strength of China’s March manufacturing data, there are still reasons to be cautious about the country’s near-term outlook, said Julian Evans-Pritchard, senior China economist at Capital Economics. “On that note, the official PMI


Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months, a private survey showed on Monday. The Caixin PMI is a private survey focused on smaller businesses and offers a first glimpse into the operating environment. Despite the strength of China’s March manufacturing data, there are still reasons to be cautious about the country’s near-term outlook, said Julian Evans-Pritchard, senior China economist at Capital Economics. “On that note, the official PMI
China’s factory activity unexpectedly grows in March, a private survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: huileng tan, str – afp – getty images
Keywords: news, cnbc, companies, sector, unexpectedly, trade, activity, private, data, grows, pmi, talks, chinas, factory, manufacturing, official, rose, survey, shows


China's factory activity unexpectedly grows in March, a private survey shows

Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months, a private survey showed on Monday.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 for March. Analysts had expected it to come in at 49.9 for a second month, according to a Reuters poll of economists.

A reading below 50 signals contraction, while a reading above that level indicates expansion.

New orders climbed to their highest level in four months, while the index for new export orders returned to expansionary territory, “showing that both domestic and external demand rebounded moderately,” wrote Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin.

Markit and Caixin said in a joint press release that staffing levels at factories rose in March to mark their first expansion since October 2013. Some firms also hired additional workers to support greater production and new business developments, they added.

“Overall, with a more relaxed financing environment, government efforts to bail out the private sector and positive progress in Sino-U.S. trade talks, the situation across the manufacturing sector recovered in March,” said Zhong.

Results of the private survey came after data on Sunday showed the official Purchasing Managers’ Index rose to 50.5 in March from February’s three-year low of 49.2. It marked the first expansion in four months, according to data released by China’s National Bureau of Statistics.

The manufacturing numbers come amid ongoing tariff talks between the U.S. and China aimed at resolving their trade differences. High-level trade negotiations between the two economic powerhouses are set to resume in Washington this week following last week’s talks in Beijing.

The Caixin PMI is a private survey focused on smaller businesses and offers a first glimpse into the operating environment. It is closely watched as an alternative to the official PMI.

Despite the strength of China’s March manufacturing data, there are still reasons to be cautious about the country’s near-term outlook, said Julian Evans-Pritchard, senior China economist at Capital Economics.

The breakdown of both the official and private PMI indexes suggests a slight recovery in external demand, with most of the improvement coming from a pick-up in domestic demand, wrote Evans-Pritchard in a note on Monday.

“We suspect that this was driven by stronger fiscal support since local governments have stepped up bond issuance recently,” he added. “On that note, the official PMI for the construction sector rose last month, consistent with an acceleration in infrastructure spending.”

China’s growth could still weaken in the near-term as indicated by recent credit growth data and a sharp decline in land sales purchases, Evans-Pritchard said.

Results of the Caixin PMI survey for the services sector are due to be released on Wednesday.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: huileng tan, str – afp – getty images
Keywords: news, cnbc, companies, sector, unexpectedly, trade, activity, private, data, grows, pmi, talks, chinas, factory, manufacturing, official, rose, survey, shows


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‘Let’s get on with it’: Frustration grows in EU circles as Brexit talks stall

There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.”Let’s get on with it. This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Michel Barnier


There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.”Let’s get on with it. This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Michel Barnier
‘Let’s get on with it’: Frustration grows in EU circles as Brexit talks stall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stall, policy, lawmakers, uk, vote, insurance, frustration, talks, withdrawal, commitments, eu, brexit, irish, lets, circles, grows


'Let's get on with it': Frustration grows in EU circles as Brexit talks stall

There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.

“Let’s get on with it. We have bigger fish to fry,” an EU official with knowledge of the negotiations but who preferred to remain anonymous because of the sensitivity of the situation, told CNBC Sunday regarding the mood in Brussels and ahead Tuesday’s vote in London.

Talks between the U.K. and the EU stalled over the weekend, after both sides failed to come to an agreement over the “Irish backstop” — an insurance policy which aims to prevent a hard border between Northern Ireland and the Republic of Ireland.

This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. It was seen as a key reason why the U.K. Parliament overwhelmingly rejected May’s deal in January.

However, the deadlock is becoming more pressing by the minute ahead of a key vote in the U.K. Parliament Tuesday — and roughly two weeks away from the U.K.’s scheduled departure date from the EU. If the U.K. does not approve an exit deal there’s a significant risk that it will leave without any arrangements, bringing uncertainty to businesses and citizens on both sides of the English Channel.

U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Since then, the U.K. has tried to get further concessions from the EU side, but the other 27 countries have refused to change its stance.

Michel Barnier, the EU’s chief Brexit negotiator, tried to appease the concerns among U.K. lawmakers regarding the Irish backstop on Friday. Barnier said the U.K. would not be forced into a customs union against its will and reiterated that he is ready to strengthen two important commitments that are already in the Withdrawal Agreement.

These commitments state that the EU will act in good faith and it will use its best endeavors to prevent having to trigger the Irish backstop. European officials believe that these commitments prove that the 27 countries do not want to reach a state whereby they have to implement this insurance policy. Given that these promises are written in the Withdrawal Agreement they are legally binding.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stall, policy, lawmakers, uk, vote, insurance, frustration, talks, withdrawal, commitments, eu, brexit, irish, lets, circles, grows


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IHG full-year room revenue grows on China demand

InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier. The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.


InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier. The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.
IHG full-year room revenue grows on China demand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19
Keywords: news, cnbc, companies, grew, million, rise, group, markets, ihg, hotels, intercontinental, reported, demand, china, revenue, room, grows, fullyear


IHG full-year room revenue grows on China demand

InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region.

The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier.

The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.54 million expected by analysts, according to company supplied consensus estimates.

“While there are macroeconomic and geopolitical uncertainties in some markets, we are confident in the year ahead…,” Chief Executive Officer Keith Barr said in a statement.

Barr has steered IHG towards affluent Chinese customers to lessen the firm’s dependence on highly mature U.S. markets, while aggressively rebranding to compete against the likes of Marriott and Hilton, which have sprawling luxury portfolios, including the Ritz-Carlton, St. Regis, Waldorf Astoria and DoubleTree.

The group’s Greater China operations registered a 6.9 percent rise in comparable RevPAR, a key hotel industry metric, with room revenue rising 1.9 percent in the United States, its largest market.

IHG has banked on corporate demand but has lately struggled to adapt to the changing travel landscape as business travellers and holidaymakers increasingly opt for cheaper accommodation offered by Airbnb.

IHG, which has said it would return $500 million to shareholders through a special dividend by the first quarter of 2019, proposed a 10 percent rise in its final dividend to 78.1 cents, citing its “confident” outlook.

The group has often returned surplus cash to investors, but disappointed them last year when it said it won’t pay out any additional capital after announcing plans to go more upmarket.


Company: cnbc, Activity: cnbc, Date: 2019-02-19
Keywords: news, cnbc, companies, grew, million, rise, group, markets, ihg, hotels, intercontinental, reported, demand, china, revenue, room, grows, fullyear


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Sony names new PlayStation chief as speculation grows over its next big console

Sony’s gaming division appointed senior executive Jim Ryan as its new president and CEO on Tuesday. Ryan will be appointed to his new role on April 1, taking the reins from John Kodera, Sony Interactive Entertainment (SIE) said in a statement. “Our Game & Network Services business has grown into the Sony Group’s largest business in terms of both sales and operating income,” Yoshida said in a statement. Speculation has been growing over the firm’s next big console, as the PS4 approaches the end o


Sony’s gaming division appointed senior executive Jim Ryan as its new president and CEO on Tuesday. Ryan will be appointed to his new role on April 1, taking the reins from John Kodera, Sony Interactive Entertainment (SIE) said in a statement. “Our Game & Network Services business has grown into the Sony Group’s largest business in terms of both sales and operating income,” Yoshida said in a statement. Speculation has been growing over the firm’s next big console, as the PS4 approaches the end o
Sony names new PlayStation chief as speculation grows over its next big console Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: ryan browne, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, sales, speculation, big, yoshida, grows, president, chief, appointed, wijman, names, console, business, sonys, sony, services, playstation


Sony names new PlayStation chief as speculation grows over its next big console

Sony’s gaming division appointed senior executive Jim Ryan as its new president and CEO on Tuesday.

Ryan will be appointed to his new role on April 1, taking the reins from John Kodera, Sony Interactive Entertainment (SIE) said in a statement.

The executive previously served as SIE’s deputy president and was head of global sales and marketing before that.

“Our Game & Network Services business has grown into the Sony Group’s largest business in terms of both sales and operating income,” Yoshida said in a statement. “Furthermore, our business in this domain holds significant importance as our growth driver going forward.”

He added: “At the same time, this industry is relentlessly fast-moving, and to remain the market leader, we must constantly evolve ourselves with a sense of urgency.”

The move marks the second time in two years that the company has named a new PlayStation boss — Kodera was appointed in October 2017 — and comes after it reported a drop in profits and sales of its PlayStation 4 console.

Speculation has been growing over the firm’s next big console, as the PS4 approaches the end of its lifecycle. Sony President and CEO Kenichiro Yoshida confirmed last year that the product was in development, but remained tight-lipped on the branding and features.

Tom Wijman, senior market analyst at gaming research firm Newzoo, said the leadership change was likely about Sony’s renewed focus on the services side of its business, the PlayStation Network, or PSN.

“Two key trends play a role here: firstly, game franchises are slowly turning into entertainment franchises,” Wijman said. “Secondly, in an era of gaming-as-a-service and the upcoming games subscriptions, owning IP (intellectual property) is very valuable.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: ryan browne, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, sales, speculation, big, yoshida, grows, president, chief, appointed, wijman, names, console, business, sonys, sony, services, playstation


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This start-up buys your home, rents it back to you and lets you profit if the value grows

They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. At the end of the lease, you choose if you want to stay or go. The company gives the homeowner about 70 percent of the appraised value of the home. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid


They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. At the end of the lease, you choose if you want to stay or go. The company gives the homeowner about 70 percent of the appraised value of the home. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid
This start-up buys your home, rents it back to you and lets you profit if the value grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: diana olick, bob briscoe, david pence
Keywords: news, cnbc, companies, startup, grows, end, lets, credit, profit, easyknock, homeowner, sale, equity, term, buys, lease, value, rents, sell


This start-up buys your home, rents it back to you and lets you profit if the value grows

Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance.

Enter EasyKnock, a barely 2-year-old company that will give you cash for your home and then let you stay on as a renter for up to five years. At anytime during that lease, you can buy your home back. At the end of the lease, you choose if you want to stay or go.

“EasyKnock is a company that is allowing people to access equity in their home that have been shut out by the traditional lending market,” said Jarred Kessler, CEO of EasyKnock. “Around 23 percent of the housing market has built up equity in their home and they can’t release it. That’s due to FICO score, about 15 million small-business owners who have been shut out by the credit markets, or people who have missed a credit card payment or mortgage payment.”

EasyKnock’s model is not, however, a traditional investor purchase. The company gives the homeowner about 70 percent of the appraised value of the home. This protects EasyKnock from any depreciation in the home over the term of the lease and simultaneously gives the homeowner a future stake in any appreciation in the home’s value. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid and minus a 1.5 percent commission on the final sale price.

EasyKnock makes money through monthly rent, which is negotiated as part of the sale, and through the extra fees tied to the purchase and to the inevitable sale of the home to someone else at the end of the lease term. Since it is not a lender, it does not need to consider FICO credit scores. Kessler said once the lease is up, the tenant has to decide whether or not to sell to a third party or buy the home back.

“We are not in the business of continuing to own homes,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: diana olick, bob briscoe, david pence
Keywords: news, cnbc, companies, startup, grows, end, lets, credit, profit, easyknock, homeowner, sale, equity, term, buys, lease, value, rents, sell


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