Constellation misses on sales, wine and spirits disappoint
(Reuters) – Corona maker Constellation Brands Inc missed Wall Street estimates for third quarter sales on Friday and said wine and spirit volumes for the full-year would be at the low end of its prior forecast.
Stock futures climb in strong week for Wall Street
(Reuters) – Futures pointed to a higher open on Wall Street on Friday as U.S. stocks looked set to extend a new year rally that has pushed indexes to record levels on signs of robust growth across major economies.
Morgan Stanley to take $1.25 billion hit in the fourth quarter from the tax bill
(Reuters) – Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.
Apple, researchers eye patches to solve Intel chip flaws
FRANKFURT/BENGALURU (Reuters) – Security issues with Intel Corp microchips are only slowing computers slightly, technology companies said, as researchers played down the need for mass hardware replacements to protect millions of devices from hackers.
Exclusive: Renault-Nissan sets up $200 million fund to tap startups: sources
PARIS (Reuters) – The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture…
Orsted versus Orsted: scientist’s descendants to sue company over name
COPENHAGEN (Reuters) – The descendants of Danish scientist Hans Christian Orsted will take legal action on Friday against one of Denmark’s biggest companies over its decision to change its name to Orsted , their lawyer said.
Global stocks scale new record highs, dollar stuck
LONDON (Reuters) – World stocks scaled fresh record highs on Friday after more data pointed to the strength of the world’s largest economy, while the dollar was stuck near four-month lows ahead of crucial payroll numbers.
Google eyes Chinese e-sports market with investment in Chushou
BEIJING (Reuters) – Alphabet Inc’s Google has joined an investment in Chinese live-stream mobile game platform Chushou that brings the startup’s total funding to $120 million, as the U.S. firm eyes new inroads to China where its search engine is block…
Intel says performance impact of security updates not significant
(Reuters) – Intel Corp said fixes for security issues in its microchips would not slow down computers, rebuffing concerns that the flaws found in microprocessors would significantly reduce performance.
Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO
DUBAI (Reuters) – Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year.
