Still stuck on central-bank life support
LONDON (Reuters) - Five years after the onset of the global financial crisis, the world economy is in such a chronic condition that the European Central Bank might cut interest rates this week and the Federal Reserve is likely to indicate no let-up in the stimulus it is providing the U.S. economy. With the euro zone economy in recession, momentum is building for the ECB to lower interest rates for the first time since July 2012, according to senior sources involved in the deliberations.
Deutsche Bank has "zero tolerance" for tax evaders: CEO
FRANKFURT (Reuters) - Deutsche Bank
Japan's ANA takes its first 787 back into the air since grounding
TOKYO (Reuters) - All Nippon Airways , the Japanese launch customer for Boeing Co's
Zames' star ascends in latest JPMorgan shakeup
NEW YORK (Reuters) - JPMorgan Chase & Co
U.S. Steel locks out workers at Lake Erie in Canada: union
TORONTO (Reuters) - United States Steel Corp
Earnings beating forecasts but jury's out on rest of season
NEW YORK (Reuters) - U.S. companies have easily beaten expectations for first-quarter earnings so far in the reporting season, but nearly half of the members of the S&P 500 are yet to announce results and they are unlikely to be as robust. With results in from 271 of the S&P 500 companies, year-over-year earnings growth is projected at 3.9 percent, compared with a forecast for 1.5 percent growth at the start of the earnings season, Thomson Reuters data shows. That figure includes those that have reported and analyst estimates for those who have not.
Abu Dhabi plans financial free zone, may resemble Dubai
ABU DHABI (Reuters) - The oil-rich emirate of Abu Dhabi is putting finishing touches to plans to establish a financial free zone that could resemble, and therefore compete with, the Dubai International Financial Centre, sources familiar with the matter said. A federal decree was passed by the United Arab Emirates' President Sheikh Khalifa bin Zayed al-Nahayan in February to create the area, known as the Abu Dhabi World Financial Market, on Al Maryah island, the sources told Reuters.
Dell investors may still gain after Blackstone pullout: Barron's
NEW YORK (Reuters) - Dell shareholders could still stand to profit even after Blackstone Group LP
Analysis: China's 4G bonanza to shake up mobile gear vendor market
STOCKHOLM/PARIS (Reuters) - Chinese telecom operators will start awarding contracts for super-fast mobile networks this year, kicking off the third wave of a global investment cycle that is reshaping the competitive landscape among telecom equipment makers. China, the world's biggest mobile market with 1.1 billion subscribers, is likely to further alter the picture at the expense of European suppliers by giving a huge boost to Huawei and its smaller Chinese rival ZTE .
Italian court rejects Nomura seizure order: sources
SIENA, Italy (Reuters) - An Italian judge has rejected an order to seize around 1.8 billion euros ($2.3 billion) of assets from Nomura as part of a probe into suspected fraud involving troubled lender Monte dei Paschi di Siena
Source: http://news.yahoo.com/ca-business-summary-022057839.html
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E-commerce is booming, but shopping for clothing online can still be a challenge. Unlike many consumer products, clothing is personal and often needs to be tried on for fit. Plus, there are numerous options available via the web, so sometimes it’s tough to even know where to begin with an online shopping expedition. Two companies from TechCrunch Disrupt NY’s Startup Alley are addressing these problems by offering personal stylists and recommendations online. One, Stylit, is targeting women and another,?Black Tag, is focused on men. Stylists-as-a-service? Yep, it’s that kind of thing. Tel Aviv-based Stylit’s co-founder and chief stylist Maya Kramer has a decade’s worth of experience in the fashion industry: She’s worked as a stylist herself, as well as a personal shopper, photo shoot producer, boutique owner, fashion writer, styling instructor, model and even TV personality. Her clients have included Vogue, Sak?s Fifth Avenue, Microsoft, Glamour, Target, Victoria?s Secret and various celebrities, designers and artists. Others on the founding team include CEO Yaniv Nissim, CTO Michael Gutkin, and lead engineer Shilo Ayalon. “We feel that personal styling was not accessible to everyone,” explains Kramer. “Stylit solves this.” After signing up on the website, users are prompted to fill out a questionnaire, detailing their budget, body type, and personal tastes. Stylit’s personal shoppers will then curate a selection of outfits based on these answers. The outfits, sent out on a weekly basis, don’t just include the clothing, but also accessories like shoes, bags, hats, jewelry, etc. Users can choose to buy the outfit and/or the individual items, or just pass altogether. But to help the stylists better learn their own personal tastes, users are also asked to rank the outfits they’re sent, allowing the recommendations to improve over time. Unlike with many stylists in the offline world – and even some found online – there’s no charge to use Stylit’s personal shopping service. Instead, the company is monetized through affiliate sales for now, though Kramer explains that longer-term, the company could work with brands directly to help them connect with those who best fit their target demographic. In addition, the company wants to eventually build each of their users their own personalized stores that provide items that fit their body type and style preference, says Kramer, who calls this bigger vision a “Pandora for online shopping.” The stylists work for the site on a freelance basis. This differentiates the service from
