Wall Street pares gains as GE, tech stocks drag
(Reuters) – U.S. stocks gave up early gains in late morning trading on Monday, with losses in GE and technology shares weighing on the Wall Street indexes.
Cisco buys BroadSoft for $1.71 bln in software push
(Reuters) – Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco’s collaboration tools and helps the company diversify its offerings away from switching and routing.
U.S. regulators approve fix for VW 3.0-liter diesel SUVs: letter
WASHINGTON (Reuters) – U.S. and California regulators have approved a fix for about 38,000 Volkswagen AG 3.0-liter diesel sport utility vehicles with potential excess emissions, a decision that could save the automaker more than $1 billion, according …
EU raids Daimler and VW in widening cartel inquiry
HAMBURG/BERLIN (Reuters) – European Union and German antitrust officials searched the offices of Daimler and Volkswagen on Monday, widening an inquiry into alleged collusion.
Wall Street at record levels after Abe’s election win
(Reuters) – Wall Street indexes hovered at record levels on Monday as investors cheered the continuation of “Abenomics” following Japanese Prime Minister Shinzo Abe’s emphatic win in the weekend polls.
Apple, Samsung face new iPhone damages trial: U.S. judge
(Reuters) – A U.S. judge has ordered a new trial to determine how much Samsung Electronics Co should pay Apple Inc for copying the look of the iPhone.
Apple sees its mobile devices as platform for artificial intelligence
TAIPEI (Reuters) – Apple Inc sees its mobile devices as a major platform for artificial intelligence in the future, Chief Operating Officer Jeff Williams said on Monday.
Daimler, VW raided by EU staff in widening cartel searches
HAMBURG/BERLIN (Reuters) – European Union antitrust officials widened an investigation of alleged collusion between Germany’s top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections.
Halliburton posts international revenue growth, unlike Schlumberger
(Reuters) – Worldwide revenues rose for U.S. oilfield services provider Halliburton Co in the third quarter, the company said on Monday, contrasting with the slide in international markets reported by larger rival Schlumberger last week.
Cisco to buy BroadSoft in $1.9 billion deal
(Reuters) – Cisco Systems Inc will buy U.S. telecommunications software company BroadSoft Inc in a deal valued at $1.9 billion, as the world’s largest networking gear producer shifts from its stagnating legacy business of switches and routers.
