The Italian-American car maker forecast a jump of as much as 41% in operating profit this year and said it expects to generate its first full-year profit in hard-hit Europe for the first time in seven years.
The Federal Reserve on Wednesday committed to keeping short-term interest rates near zero at least until midyear and set the stage for tough debates in the months ahead about whether to wait even longer.
Companies that rely on freelance labor describe their workers as micro-entrepreneurs. But lawsuits, protests and forums suggest that many flexible laborers feel less enthusiastic about the new work model.
Startups with names like Emotient and Affectiva are combining psychology and algorithms to analyze people’s faces and potentially discover their deepest feelings. Collectively, they are amassing an enormous visual database and breeding privacy concerns.
The drug giants won European Union regulatory approval for a complicated series of deals worth more than $20 billion that will focus Novartis’ scope and turn Glaxo into a vaccines-and-consumer-drug powerhouse.
Alibaba is embroiled in a rare, high-stakes public dispute with a Chinese government agency over fake goods sales on its e-commerce platforms, highlighting one of the risks for a company that last year raised $25 billion in the world’s largest IPO.