Brazil OKs amended bill on car hailing apps after Uber lobbying Brazil OKs amended bill on car hailing apps after Uber lobbying: Dara Khosrowshahi, who held talks with senior Brazilian officials in the capital Brasilia, had called on senators to remove rules in proposed legislation that would require Uber drivers […]
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Asia shares hit 10-year high on strong economy oil gains Asia shares hit 10-year high on strong economy oil gains: MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by 1.1 percent gains in South Korea while Japan’s Nikkei gained 1.4 percent. “Hopes of U.S. tax cuts, […]
Shopifys earnings beat fails to reassure investors shares drop Shopifys earnings beat fails to reassure investors shares drop: Investors and analysts had hoped Shopify would release more details about its operations and customers after Andrew Left of Citron Research released a critical report about the retail software company in early […]
Wall St. ends strong October higher as tech staples lead Wall St. ends strong October higher as tech staples lead: A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports on Tuesday, along with further gains for tech stocks, helped Wall Street end October on a […]
Buy signal blares for cell-tower stocks in 2017 Buy signal blares for cell-tower stocks in 2017: Shares of American Tower Corp (AMT.N), Crown Castle International Corp (CCI.N) and SBA Communications Corp (SBAC.O) all closed up more than 2 percent on Monday. Reuters on Monday reported that SoftBank Group Corp (9984.T) […]
Apple could drop Qualcomm components in next years iPhones iPads Apple could drop Qualcomm components in next years iPhones iPads: The change would affect iPhones released in the fall of 2018, but Apple could still change course before then, these people said. They declined to be identified because they were […]
Samsung Electronics to boost returns after record third-quarter profit Samsung Electronics to boost returns after record third-quarter profit: South Korean technology giant Samsung Electronics Co Ltd (005930.KS) promised to return $26 billion to shareholders over the next three years as it reported record third-quarter profit on the back of the […]
China-backed buyout fund founder charged in U.S. insider trading case China-backed buyout fund founder charged in U.S. insider trading case: The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp (LSCC.O), U.S. authorities said […]
U.S. regulator approves CenturyLinks $24 billion Level 3 acquisition U.S. regulator approves CenturyLinks $24 billion Level 3 acquisition: Telecommunications provider CenturyLink Inc (CTL.N) on Monday won anti-trust approval from the U.S. Federal Communications Commission for its purchase of Level 3 Communications Inc (LVLT.N), the agency said. With the $24 billion […]
SoftBank Deutsche Telekom hit wall in Sprint T-Mobile talk SoftBank Deutsche Telekom hit wall in Sprint T-Mobile talk: In a board meeting at Japan’s SoftBank on Friday, several directors expressed doubts about giving up control of Sprint in any deal, the sources said, the latest twist in on-and-off talks to […]
