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Apple plans biggest iPhone yet for 2018: Bloomberg

Global Business News Reuters - Mon, 02/26/2018 - 16:27
(Reuters) - Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, a device that may have a bigger display than arch-rival Samsung's flagship phone, Bloomberg reported on Monday, citing people familiar with the products.
Categories: Global news, Market News

Sony pins hopes on 4K video to revive smartphone sales

Global Business News Reuters - Mon, 02/26/2018 - 03:47
BARCELONA (Reuters) - Japan's Sony Corporation is turning its focus to 4K high-definition video recording in its new Xperia XZ2 smartphone to differentiate itself from rivals that have caught up in camera technology.
Categories: Global news, Market News

After takeover by government, Anbang says committed to overseas subsidiaries

Global Business News Reuters - Mon, 02/26/2018 - 03:33
BEIJING (Reuters) - Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator's decision to temporarily take control of the company, and remains committed to the development of its overseas subsidiaries.
Categories: Global news, Market News

The Weinstein Company to file for bankruptcy

Global Business News Reuters - Mon, 02/26/2018 - 03:27
(Reuters) - The board of directors of The Weinstein Company said late Sunday the New York film and TV studio planned to file for bankruptcy after talks to sell it collapsed, several media outlets reported.
Categories: Global news, Market News

Fiat Chrysler will ditch diesel from its cars by 2022: FT

Global Business News Reuters - Mon, 02/26/2018 - 03:12
MILAN (Reuters) - Fiat Chrysler plans to eliminate diesel from all its passenger vehicles by 2022, amid a collapse in demand and spiraling costs, the Financial Times reported on Monday.
Categories: Global news, Market News

Italy's uncertain election: Five questions on investors' minds

Global Business News Reuters - Mon, 02/26/2018 - 03:07
LONDON (Reuters) - Investors are feeling sanguine ahead of Italy's March 4 election. The economy is strengthening and anti-euro sentiment is waning in the single-currency bloc.
Categories: Global news, Market News

Mexico slaps billionaire's steel company with fine for stock manipulation

Global Business News Reuters - Mon, 02/26/2018 - 02:51
MEXICO CITY (Reuters) - Mexico's securities regulator has imposed one of its biggest fines ever for market manipulation on steel company Industrias CH, owned by billionaire Rufino Vigil Gonzalez, government data showed.
Categories: Global news, Market News

Corporate America’s new dilemma: raising prices to cover higher transport costs

Global Business News Reuters - Mon, 02/26/2018 - 02:44
SEATTLE/BOCA RATON, Fla. (Reuters) - The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and consider raising their own prices as a way to pass along the costs.
Categories: Global news, Market News

'Emperor' stocks soar in China as Xi cleared for indefinite reign

Global Business News Reuters - Mon, 02/26/2018 - 02:29
SHANGHAI (Reuters) - Chinese speculators pounced on stocks with "emperor" in their name on Monday, after the ruling Communist Party set the stage for President Xi Jinping to stay in office indefinitely.
Categories: Global news, Market News

China's Geely surges after building $9 billion Daimler stake

Global Business News Reuters - Mon, 02/26/2018 - 02:00
HONG KONG (Reuters) - Geely Automobile Holdings Ltd's shares jumped on Monday after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler - giving him major leverage as he attempts to persuade the German carmaker to cooperate on tech.
Categories: Global news, Market News

Asian shares mostly firmer, dollar loses early edge

Global Business News Reuters - Mon, 02/26/2018 - 01:16
SYDNEY (Reuters) - Asian shares made guarded gains on Monday as investors braced for an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve.
Categories: Global news, Market News

Market Wrap For March 17: Investors Focused On Economic Data Instead Of Crimea Concerns

US Markets - Mon, 03/17/2014 - 16:45

U.S. stocks rose as investors focused on positive economic data rather than the tense situation in Ukraine. Economic reports showed that U.S. industrial production rose in February. President Obama imposed ...

Brin and Page Maintain Close Control of Google with Unconventional Stock Split

US Markets - Mon, 03/17/2014 - 16:30

Google Inc.'s (NASDAQ: GOOG ) upcoming unconventional stock split will enable Co-founder Sergey Brin and Larry Page to maintain close control over the company. The stock split will diminish shareholders ...

UPDATE: Criteo Announces Commencement of Follow-on Offering

US Markets - Mon, 03/17/2014 - 16:12

Criteo S.A. (Nasdaq: CRTO ) announced today that it has commenced a public offering of 5,250,000 American Depository Shares, or ADSs, each representing one of Criteo's ordinary shares. Criteo proposes ...

Weibo Proposes $500M IPO; Sina Shares Jump 8.6%

US Markets - Mon, 03/17/2014 - 16:00

Weibo late Friday night filed a proposed a $500 million initial public offering . Shares of Sina Corp (NASDAQ: SINA ), which owns a 78 percent stake in Weibo, are up a massive 8.6 percent Monday afternoon. ...

Mid-Afternoon Market Update: Markets Up Despite More Crimea Fears

US Markets - Mon, 03/17/2014 - 15:51

Midway through trading Monday, the Dow traded up 1.11 percent to 16,243.35 while the NASDAQ gained 0.87 percent to 4,282.04. The S&P also rose, gaining 0.98 percent to 1,859.55. Leading and Lagging Sectors ...

Alibaba IPO Lifts Sina, Yahoo!

US Markets - Mon, 03/17/2014 - 13:15

Shares of Yahoo! and Sina Corp. got a nice boost Monday morning from the weekend's reports that China's e-commerce behemoth Alibaba has filed for a U.S. initial public offering. It is seeking to raise ...

Mid-Day Market Update: Schawk Gains On Acquisition News; VeriSign Shares Decline

US Markets - Mon, 03/17/2014 - 13:11

Midway through trading Monday, the Dow traded up 1.11 percent to 16,243.35 while the NASDAQ surged 1.05 percent to 4,290.04. The S&P also rose, gaining 0.66 percent to 1,858.55. Leading and Lagging Sectors ...

Under Armour Suits Up For Stock Split

US Markets - Mon, 03/17/2014 - 13:07

On Monday, Under Armour, Inc. (NYSE: UA ) announced that the Board of Directors approved a two-for-one stock split. The press release stated that the stock split will work as dividend, giving stockholders ...

Mid-Morning Market Update: Markets Open Higher; JA Solar Swings To Q4 Profit

US Markets - Mon, 03/17/2014 - 10:13

Following the market opening Monday, the Dow traded up 1.14 percent to 16,249.11 while the NASDAQ surged 1.16 percent to 4,294.73. The S&P also rose, gaining 0.74 percent to 1,859.91. Leading and Lagging ...

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