Fujifilm nears deal with Xerox: WSJ
(Reuters) – Xerox Corp is nearing a deal with Japan’s Fujifilm Holdings Corp to form a joint venture with the hope of cutting costs to combat declining demand, reported The Wall Street Journal citing people familiar with the matter.
Samsung Electronics fourth-quarter profit up 64 percent on-year to new record
SEOUL (Reuters) – Samsung Electronics Co Ltd posted a record quarterly profit, as expected, for the three months through December, led by strong demand for memory chips.
Blackstone buys majority stake in Thomson Reuters F&R unit
LONDON/NEW YORK (Reuters) – U.S. private equity firm Blackstone Group LP catapulted itself into the big leagues of Wall Street’s financial information industry on Tuesday with the acquisition of a majority stake in the Financial and Risk business of Th…
U.S. agencies probe Apple over slowing iPhones: Bloomberg
(Reuters) – The U.S. Department of Justice and Securities and Exchange Commission are investigating whether Apple Inc violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, Bloomberg reported on Tuesda…
Game publisher EA’s sales forecast tops estimates; shares rise
(Reuters) – Videogame publisher Electronic Arts Inc’s forecast fourth-quarter revenue above analysts’ estimates as it expects to gain from the launch of its mixed martial arts title, “UFC 3”, sending its shares up 6 percent in extended trading.
Low-cost, long-haul flights from India to boost leisure travel: report
MUMBAI (Reuters) – The launch of low-cost, long-haul flights by Indian airlines will boost outbound leisure travel and open a multi-billion dollar opportunity for carriers, a report released on Wednesday showed.
Exclusive: Thomson Reuters in deal for Blackstone to buy major stake in F&R unit: sources
LONDON/NEW YORK (Reuters) – The Thomson Reuters Corp board on Tuesday approved and signed a deal for Blackstone Group LP to acquire a majority stake in the news and information company’s Financial and Risk business, two sources familiar with negotiatio…
Wall Street stumbles as bond yields rise, health stocks fall
(Reuters) – U.S. stocks fell for a second straight day on Tuesday, with the Dow registering its biggest two-day drop since September 2016, pressured by healthcare stocks and rising bond yields.
Soaring agave prices give Mexican tequila makers a headache
AMATITAN, Mexico (Reuters) – In the heartland of the tequila industry, in Mexico’s western state of Jalisco, a worsening shortage of agave caused by mounting demand for the liquor from New York to Tokyo has many producers worried.
EA’s fourth-quarter revenue forecast tops estimates
(Reuters) – Videogame publisher Electronic Arts Inc expects the launch of the action-adventure video game, “A Way out”, to drive its revenue in the current quarter, sending its shares up more than 5.8 percent after the bell.
