Verizon resurrects media business as safe haven on the internet
Banning pornography from Tumblr was not necessarily meant to define Verizon Media’s strategy to turn around a collection of Internet has-beens. But that is how it has played out.
BMW to pick new CEO, Zipse emerges as favorite
BMW is set to name Oliver Zipse as its new chief executive, picking the manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.
Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes – sources
Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.
Novartis raises full-year targets, aims to settle U.S. lawsuit
Novartis boss Vas Narasimhan raised full-year targets on Thursday and announced that $700 million has been set aside in the hope of settling a decade-old lawsuit alleging that the Swiss drugmaker bribed U.S. doctors.
EU Commission fines Qualcomm for second time over market abuse
Qualcomm , the world’s no.1 chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty.
EBay beats second-quarter revenue estimates
(This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)
Vodafone wins EU approval for Liberty Global deal
Vodafone secured on Thursday antitrust approval from the European Union for its $22 billion bid to buy Liberty Global’s cable networks in Germany and central Europe after offering concessions in May.
Oil edges lower after rise in U.S. gasoline stocks
Oil edged lower Wednesday unable to shake off the downbeat mood of the last two days in response to a sharp rise in U.S. stockpiles of products like gasoline, pointing to weak demand during the summer driving season in the United States.
Global stocks slide as U.S.-China trade war takes toll on earnings
Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.
Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike
Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.
