AT&T hires ex-Trump lawyer to defend possible Time Warner deal lawsuit
WASHINGTON (Reuters) – AT&T said on Thursday it had hired prominent media lawyer Daniel Petrocelli to serve as lead trial counsel if the U.S. Justice Department files a lawsuit to block the No. 2 U.S. wireless company’s acquisition of media and entertainment company Time Warner .
Viacom expects distributor revenue to drop in 2018; shares sink
(Reuters) – Viacom Inc , owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down almost 10 percent in morning trading.
Late arrival of iPhone X clouds Best Buy’s results
(Reuters) – Best Buy Co Inc took a $100 million hit in the third quarter from the late launch of the iPhone X and gave a profit forecast for the holiday period that fell short of analysts’ estimates, as it competes in a brutal U.S. retail market.
Gains in Wal-Mart, Cisco lift Wall Street
(Reuters) – The S&P 500 index recovered from its worst two-day fall since August on Thursday after Wal-Mart and Cisco shares soared on strong results.
IBM urged to avoid working on ‘extreme vetting’ of U.S. immigrants
WASHINGTON (Reuters) – A coalition of rights groups launched an online petition on Thursday urging IBM Corp to declare that it will not develop technology to help the Trump administration carry out a proposal to identify people for visa denial and depo…
Wal-Mart sales growth bucks trend in retail sector, shares jump
CHICAGO (Reuters) – Wal-Mart Stores Inc reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and building materials ahead of hurricanes and online purchases soared, sending its shares up more than 7 percent….
Hong Kong IPO surge challenges New York in battle for China listings
HONG KONG (Reuters) – It’s not often Hong Kong can boast hotter initial public offerings than New York, but some recent deals and a potential pipeline of big Chinese tech floats suggest a shift in the balance between the two fundraising rivals.
Wall Street recovers on strong Wal-Mart, Cisco earnings
(Reuters) – U.S. stock indexes recovered from two days of losses on Thursday after technology stocks got a boost from Cisco results and Wal-Mart soared to a record high.
Viacom expects affiliate sales to drop in 2018; shares sink
(Reuters) – Viacom Inc , owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent.
Siemens says to cut about 6,900 jobs
FRANKFURT (Reuters) – Siemens plans to cut about 6,900 job in its turbines division, including related services and in large drives, the Munich-based industrial group said on Thursday.
