Cloud computing drives massive growth for big U.S. tech firms
SAN FRANCISCO (Reuters) – Amazon.com Inc , Microsoft Corp , Alphabet Corp’s Google and Intel Corp are all putting their chips on the cloud computing business, and it is booming.
Subaru was lax on final inspection rules for Japan cars: sources
TOKYO (Reuters) – Subaru Corp failed to follow proper inspection procedures for vehicles destined for the domestic market at a factory in Japan, two people with knowledge of the matter said on Friday.
Asian shares gain after upbeat earnings from U.S. tech titans
TOKYO (Reuters) – Asian shares gained on Friday as technology stocks were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near a three-month low against the dollar after the European Central Bank extended its stimulus.
CVS makes more than $66 billion bid for Aetna: sources
(Reuters) – U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday.
Nasdaq sues operators of cyber security ETF, alleging theft
NEW YORK (Reuters) – Nasdaq Inc on Thursday deepened a fierce battle over a $1.1 billion cyber security fund, suing a former business partner it said stole the exchange-traded fund (ETF) and several others, as well as the millions of dollars of profit …
Toymaker Mattel to miss FY revenue forecast, halts dividend
(Reuters) – Toymaker Mattel Inc said on Thursday it would miss its full-year revenue forecast and decided to stop dividend from the fourth quarter to beef up its faltering business that has been hurt by the bankruptcy of its largest customer Toys’R’Us…
Western Digital will not drop merger objections in Toshiba talks: CEO
(Reuters) – Western Digital Corp on Thursday refused demands from Toshiba Corp that it drop a set of legal rights it believes would allow the company to block Toshiba’s $18 billion sale of its memory chip unit to SK Hynix as part of negotiations over a…
CVS makes more than $66 billion bid for Aetna: source
(Reuters) – U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, a person familiar with the matter said on Thursday.
CSX executive shakeup rattles employees, investors; shares drop
(Reuters) – The resignation of two prominent female executives at CSX Corp hours before CSX canceled a long-planned investor conference this week rattled employees and investors on Thursday, sending the No. 3 U.S. railroad’s shares down 1 percent.
Alphabet’s mobile ad revenue surges; shares jump
SAN FRANCISCO (Reuters) – Alphabet Inc on Thursday reported stronger-than-expected advertising sales and higher operating margins, boosting its shares as investors brushed off concerns about higher costs for acquiring mobile users.
