Google unveils new Android software in India to power cheap smartphones
MUMBAI (Reuters) – Alphabet Inc’s Google launched a stripped-down version of its Android software in India on Tuesday, as it attempts to woo millions of basic phone users in the fast-growing wireless services market.
Sprint expects pace of customer defections to slow in holiday quarter
(Reuters) – U.S. wireless carrier Sprint Corp expects the pace of customer defections to slow in the key holiday quarter, helped by higher promotions, its chief financial officer said on Tuesday.
Toll Brothers sees no change in buyer behavior due to tax reform
(Reuters) – U.S. luxury homebuilder Toll Brothers Inc said on Tuesday it had not seen a potential change in buyers’ behavior on the back of a looming U.S. tax reform and that it is encouraged by the potential cut in corporate tax rates.
Tech stocks rebound as investors assess tax bill details
(Reuters) – The tech-heavy Nasdaq recovered from a two-day selloff on Tuesday but other U.S. share indexes were mixed as investors assessed changes to the Senate’s version of a tax overhaul that could reduce gains for companies.
Wells Fargo CEO sees better commercial loan results in fourth quarter
(Reuters) – Wells Fargo & Co will likely see improvement in its business lending segment when it reports fourth-quarter earnings in January, Chief Executive Officer Tim Sloan said at an investor presentation on Tuesday.
Alibaba must face renewed lawsuit over IPO: U.S. appeals court
NEW YORK (Reuters) – A U.S. appeals court on Tuesday revived a lawsuit accusing Alibaba Group Holding Ltd of defrauding shareholders by concealing a regulatory warning about counterfeiters that the Chinese online retailer had received shortly before g…
Disney’s bid for Fox assets gains momentum: sources
(Reuters) – Walt Disney Co is in the lead to acquire much of Twenty-First Century Fox Inc’s media empire, though rival suitor Comcast Corp remains in contention, people familiar with the matter said on Tuesday.
CVS likely wants FTC antitrust review, not Justice Department, of Aetna deal
WASHINGTON (Reuters) – It is uncertain who in the U.S. government will carry out an antitrust review of CVS Health Corp’s deal to buy health insurer Aetna Inc , but the drugstore company is likely hoping the potentially more lenient Federal Trade Comm…
Electric charge: Glencore bets big on car battery metals
LONDON (Reuters) – Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and re…
Technology stocks attempt rebound
(Reuters) – Technology stocks edged higher on Tuesday and signaled a pause to two days of selloff, while a rally in bank and other stocks powered by tax-cut optimism stalled, capping gains on the S&P 500 and the Dow.
