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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 08, 2015
Page
11
Apple fans await a likely iPhone 6S plus new iPad and TV set top device as analysts estimate strong sales. Analysts debate growth sustainability while noting iPhone remains the core driver of revenue, cash reserves exceed 200 billion, and market expectations hinge on a potential next big thing beyond Watch and iPad.
With only a week left before contracts expire on September 14, the UAW has not selected a target company yet. President Dennis Williams said Ford, General Motors or Fiat Chrysler could become the bargaining focus, aiming to win pay raises for long‑time workers and close the gap with entry level wages. Glencore Seeks $10.2B Plan to Cut Debt and Weather Slumping Prices. The Swiss commodities giant will issue $2.5B in shares, suspend its dividend, curb capital spending, and sell $2B in assets by next year as part of a broader effort to adapt to volatile markets.
Tesco agreed to sell its Homeplus chain in South Korea to a locally led MBK Partners led consortium for about 6 billion dollars. The deal marks the largest in Korea and a major Asia deal this year as Tesco reports an eight and a half billion dollar annual loss and accelerates restructuring.
Toyota plans to unveil the next Prius on the Las Vegas Strip amid falling hybrid sales as rivals expand plug-in options. The current Prius tops hybrids at 23 percent of the market with about 50 mpg, while Toyota cites 2.1 billion gallons saved since 2000. Analysts note competition, new electric tech, and a push for better fuel economy.
Facebook reports WhatsApp has reached 900 million monthly active users with growth of 100 million in six months, while Messenger nears 700 million MAU. Founder Jan Koum announced the milestone on Facebook as Zuckerberg notes future monetization plans and broad world connectivity ambitions.
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