Trump pitches NYSE for Saudi Aramco IPO listing
(Reuters) – U.S. President Donald Trump said on Saturday he “would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange.”
Irish PM says future of $1 billion Apple data center uncertain
DUBLIN (Reuters) – A planned $1 billion Apple data center is in doubt after Irish Prime Minister Leo Varadkar said the U.S. company’s Chief Executive Tim Cook would no longer commit to it, adding that Dublin would do whatever necessary to get it built….
Amazon allowed by law to undercut Australian businesses: regulator
SYDNEY (Reuters) – Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday.
U.S. judge deals setback to Waymo damage claim in Uber lawsuit
SAN FRANCISCO (Reuters) – A federal judge in San Francisco made it more difficult for Alphabet Inc’s Waymo unit to prove it suffered financially from the alleged theft of autonomous car trade secrets by Uber Technologies Inc [UBER.UL], ruling to exclu…
Broadcom plans record tech deal with Qualcomm bid: sources
(Reuters) – Communications chipmaker Broadcom Ltd is planning to unveil a bid for smartphone chip supplier Qualcomm Inc by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the …
Anthem CEO Joseph Swedish to step down, Gail Boudreaux to succeed: WSJ
(Reuters) – U.S. health insurer Anthem Inc’s Chief Executive Joseph Swedish will step down and be succeeded by industry veteran Gail Boudreaux, the Wall Street Journal reported on Friday, citing people with knowledge of the matter.
Hurricanes, earthquake drag down third-quarter profit at Buffett’s Berkshire
(Reuters) – Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit.
U.S. dollar enters center stage for earnings
NEW YORK (Reuters) – The dollar has moved from a supporting role to a featured player this earnings season, a boon to U.S. multinationals which have benefited from the biggest quarterly year-on-year decline in the greenback in three years.
Hurricanes, earthquake drag down profit at Buffett’s Berkshire
(Reuters) – Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit.
Sears to close 63 more U.S. stores after holiday season
(Reuters) – Sears Holdings Corp said it will close 63 additional stores in the United States after the holiday season as part of its continued effort to return to profitability in a difficult retail environment.
