Corporate

After 150 years Goldman Sachs opens its doors to depositors. As reported by the Financial Times, the institution has decided to change strategy, according to even the demands of regulators to diversify funding sources.

Goldman last week launched the GSBank.com online platform, inherited along with a block of 16 billion deposits from the acquisition of GE Capital, and to open an account will be sufficient even a single dollar. "The Goldman’s decision to apply to the mass market comes at a time when the bank is under pressure to find new forms of financing," explains the newspaper City. "The results of the first quarter of the major US banks have highlighted the difficulties faced by their investment divisions ahead of volatile markets and stricter regulations."

Gannett Co., USA Today’s publisher and another hundred warheads, made an offer of 815 million dollars (about 724 million euro at current exchange rates) to acquire 100% of Tribune Publishing Company, which he published the Los Angeles Times and the Chicago Tribune, along with nine other newspapers. Both companies are listed and, as a buyer’s specific note, the offer is worth $ 12.25 per share Tribune. The total value also includes 390 million in debt.

"The offer to $ 12.25 also represents a substantial premium over the price of $ 8.5 which Tribune recently issued shares and warrants to shareholders a cash value certain and immediate," said Gannett.

Uber, the controversial giant app that offers paid passages, ended the dispute with 385mila drivers in the United States had launched two class action lawsuits demanding to be recognized as "employees" of the company. With the agreement, the company acknowledges the payment of $ 100 million (the first tranche of 84 million), avoiding to go through the "mass recruitment" and then the drivers "will be freelance and not the employees" . In this way, the San Francisco company closed the cases initiated by the American drivers.

Daimler conducts an internal investigation on the certification process on diesel emissions in the United States at the request of the US Justice Department.
The response of the Frankfurt Stock Exchange has been a sharp drop in the morning saw the title go down over 6%, just 6.6%.
The German group said it will give full cooperation to the authorities and will investigate any possible indications of irregularities.

The Facebook staff is working to further widen the gap with competitors between the main Twitter and Instagram, but also to repel the onslaught of newcomers, Snapchat and Telegram.

The latest idea could allow members to be paid for what is published.

State-backed Lloyds Banking Group is planning a reduction in the workforce of 625 units, in agreement with the unions as part of a cost cutting program.
The cut of the jobs are in the back office and partly in IT, which should be moved to India. "United has made it clear that ‘efficiency’ can not simply mean axing more jobs while expecting the same work to fall on fewer shoulders," United said. "The bank forgets that relentless these cuts have a human cost."

Intel, the US semiconductor giant, will cut 12,000 jobs worldwide by the middle of 2017, a quota equal to 11% of its workforce. The scissors kick is part of the restructuring plan, developed by the Santa Clara group to accelerate its transformation to a higher growth sectors, such as the cloud. The plan provides for the consolidation of the various subsidiaries, a combination of voluntary and mandatory exit and re-evaluation of certain programs. The restructuring plan is expected to generate savings of $ 1.4 billion a year when completed, of which 750 million this year. But immediately the plan will result in an extraordinary expenditure of about 1.2 billion which will weigh on second-quarter accounts.

The Basel Syngenta agrochemical group has recorded in the first quarter of 2016 a decrease in turnover by 7% to $ 3.7 billion. This was announced by the same company in a note, gisutificando the negative sign for the too strong dollar, which affected the business in the first three months of the year.

At constant currency rates, however, sales have remained stable, while volumes have suffered a fall of 2%. As a specific company in a statement, prices have registered a 2% rise in part due to an increase in the countries of the Community of Independent States (CEI) to offset the impact of the depreciation of the currencies.