BONN Deutsche Telekom’s T-Mobile USA expects that the iPhone will help to stop its customer exodus by as early as end-next year, its chief executive said on Friday. “It is an aggressive target but we think it is possible,” T-Mobile USA’s Chief Executive John Legere told reporters on Friday. T-Mobile USA, which has agreed to merge with smaller rival MetroPCS, on Thursday announced an agreement to sell the iPhone, becoming the last big carrier to sign on with Apple Inc. (Reporting by Harro ten Wolde)
LONDON Barclays’ new boss Antony Jenkins must decide in the coming months whether to pick up business left open by a retreat from investment banking by UBS and other rivals, or push even harder with cuts to the British bank’s own operation. Jenkins, who became chief executive three months ago after Bob Diamond left Barclays over an interest rate rigging scandal, is in the middle of a review aimed at cutting pay, shaking up the bank’s culture and reshaping its strategy. Its investment bank is expected to be cut back, although Jenkins said on Wednesday he was “absolutely committed” to [...]
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