Activist Investor Ackman wants five ADP board seats

Activist Investor Ackman wants five ADP board seats

After acquiring an 8 per cent stake in Automatic Data Processing (ADP), billionaire investor William Ackman-led hedge fund is planning to ask for board seats at the U.S. human resources outsourcing firm.

The leader of Pershing Square Capital Management is seeking board seats at ADP as he is pushing the U.S. human resources outsourcing firm to slash costs and enhance its returns.

The 51-year-old activist investor told investors that he wanted five board seats, including one for himself, on ADP’s ten-member board.

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Yoga can efficiently ease depression: Research

Yoga can efficiently ease depression: Research

Yoga can not only efficiently help relax your body and mind but also ease psychological disorders like depression, a new study revealed.

In the first-of-its-kind study, a team of researchers found that symptoms of depression significantly improved once patients committed to yoga merely two times a week.

The researchers studied 23 male veterans who participated in twice-weekly hatha yoga classes, emphasizing physical exercises, meditation and breathing exercises, for a couple of weeks.

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Facebook preparing to demote slow-loading stories on News Feed

Facebook preparing to demote slow-loading stories on News Feed

Facebook, the world’s largest social network, is preparing to update its News Feed ranking algorithm to promote fast-loading stories and demote slow-loading stories. Jiayi Wen and Shengbo Guo, senior engineers with the social network, announced that the update to its News Feed ranking algorithm aimed at showing people more stories that will load rapidly on mobile and fewer stories that take longer to load.

Wen and Guo added that the change would allow users to spend more time loading and reading stories relevant to them.

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Facebook reportedly working on dedicated video chat device

Facebook reportedly working on dedicated video chat device

Social-networking giant Facebook is reportedly working on a new device that will be dedicated to increasingly popular video chat.

Citing anonymous sources, Bloomberg reported that the dedicated video chat hardware will be the inaugural major product from the company’s Building 8 product development lab.

The device will reportedly include a notebook-sized screen, and it will try to make geographically separated video participants feel like they are together in the same space.

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Mario Draghi was right in keeping inflation expectations low

Mario Draghi was right in keeping inflation expectations low

The European Central Bank’s president, Mario Draghi, kept expectations for the rate of inflation during this summer low, and data collected during the month of July has proved him right.

Growth of consumer price in the euro zone was recorded at 1.3 per cent, which is enough to argue that risk of deflation has disappeared but it is too little to meet Draghi’s goal of just under 2 per cent.

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Sprint reportedly proposes merger with Charter

Sprint reportedly proposes merger with Charter

Seeking an alternative to a deal with T-Mobile USA, Sprint Corporation has reportedly proposed a merger with rival telecommunications giant Charter Inc.

Speaking on the condition of anonymity, a person familiar with the matter revealed that Japan-based SoftBank Group Corp., which controls Sprint, has proposed a complex transaction that would create a new entity that would be controlled by SoftBank.

The sources added that there is no guarantee that Charter would also be interested in the proposed merger.

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Barclays results depict bleak picture of South African economy

Barclays results depict bleak picture of South African economy

Johannesburg-based Barclays Africa Group’s discouraging earnings report has delivered further evidence of South Africa’s gloomy economy.

The lender reported 10 percent decline in earnings excluding one-time items at its main South African consumer unit in the 6 months through June this year. Deposits fell 14 per cent.

Maria Ramos, who took charge as CEO of Barclays Africa in 2009, admitted that the economic environment would like remain “challenging” for the next many months.

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Barclays Africa reports decline in first-half income

Barclays Africa reports decline in first-half income

Barclays Africa Group Limited on Thursday reported a notable decline in total first-half income, delivering further evidence that the economy of South Africa is not going to climb out of the financial doldrums anytime soon.

It is the first interim contraction reported by Barclays Africa Group since Maria Ramos took charge as chief executive officer of the Johannesburg-based lender in 2009.

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YouTube Red to be merged with Google Play Music

YouTube Red to be merged with Google Play Music

Internet search giant Google has confirmed that it is working on a plan to merge its YouTube Red service with Google Play Music in order to create a new sleek and streamlined service.

Speaking at a recently-held panel session for the New Music Seminar conference in New York, Google Music chief Lyor Cohen said that the company needed to merge the two services to attract new subscribers.

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Niantic CEO responds to allegations over Pokemon Go Fest mess

Niantic CEO responds to allegations over Pokemon Go Fest mess

Responding to issues related to the failure of the “Pokémon Go” event in Chicago, Niantic CEO John Hanke said his company was committed to listening to even harsh feedback to improve what it does.

Hanke was responding to allegations that the game developer hadn’t effectively prepared for last Saturday’s Pokémon Go event, which was attended by more than 20,000 people but was plagued by technical issues.

The technical issues made the popular video game unplayable for many of the attendees, leading to boos and shouts from the large crowd.

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Popular Stories

Activist Investor Ackman wants five ADP board seats

After acquiring an 8 per cent stake in Automatic... Read More

Yoga can efficiently ease depression: Research

Yoga can not only efficiently help relax your body... Read More

Facebook preparing to demote slow-loading stories on News Feed

Facebook, the world’s largest social network, is... Read More

Facebook reportedly working on dedicated video chat device

Social-networking giant Facebook is reportedly... Read More

Mario Draghi was right in keeping inflation expectations low

The European Central Bank’s president, Mario Draghi... Read More

Sprint reportedly proposes merger with Charter

Seeking an alternative to a deal with T-Mobile USA... Read More