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Siemens prepares separation of large-drive business

The logo of German industrial group Siemens is seen in Zurich, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann BERLIN, Oct 18 (Reuters) – Siemens (SIEGn.DE) is preparing a possible separation of its large drive applications (LDA) business, the German engineering and technology company said on Monday, confirming media reports. The separation of the unit, which produces […]

This local business celebrates one year in the capital city

TOPEKA (KSNT) — The Topeka Vendors Market celebrated their one-year anniversary Friday with ribbon-cutting alongside members and organizations of the community. People from the Greater Topeka Partnership spoke, as well as the owners and members of the community. Their gratitude for the community and excitement for what the shop has in store was evident in […]

Has stagflation risen from the grave?

For the G-7 countries, the economic damage caused by the two oil crises in the 1970s led to high inflation for consumers and negative fallouts for people’s purchasing power. This situation triggered a sharp contraction in both household consumption expenditures and the real sector’s investment expenditures. Therefore, it dragged the world’s leading economies into a […]

Weekly top reads: New Auburn business, Cayuga County pharmacist fired for vaccine stance, Locke crash | Local News | Auburn, NY | Auburnpub.com

PORT BYRON — What was Brenda’s is now Brian and Bonnie’s. The former Brenda’s Diner on Route 31 in Port Byron reopened Oct. 1 as Potters Farm to Fork, a restaurant under the management of longtime business partners Brian Potter and Bonnie Buonomo. Potter, a native of Weedsport, worked on his family’s dairy farm before […]

Dollar set to continue rally against won

“The won-dollar exchange rate will remain at a high level of around 1,180 to 1,205 won until the BOK’s next rate that could possibly happen in November,” the analyst said, adding one key reason behind the prediction is the imminent announcement of the U.S. Fed’s tapering during the Federal Open Market Committee meeting slated to […]