U.S. top court rules for Microsoft in Xbox class action fight
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp in its bid to fend off class action claims by Xbox 360 owners who said the popular videogame console gouges discs because of a design defect.
Alibaba launches new sales channels in Malaysia, Singapore
BEIJING (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd on Monday said it is launching new sales channels in Singapore, Malaysia, Hong Kong and Taiwan as China’s deep-pocketed e-commerce firms vie for new users in the region.
Apple shares drop after Mizuho downgrade
NEW YORK (Reuters) – Apple shares were stung by a broker downgrade for a second straight week on Monday, sending the stock lower to keep the tech sector under pressure for a second straight session.
U.S. banks launching answer to peer-to-peer payment app Venmo
NEW YORK (Reuters) – The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally.
ISS recommends voting against ten Mylan board nominees
(Reuters) – Influential proxy firm ISS on Monday urged shareholders of generic drugmaker Mylan NV to vote against most of the company’s nominees to its board of directors, ahead of a shareholder meeting later this month.
French finance minister says ‘optimistic’ about Greek deal after Athens talks
ATHENS (Reuters) – French Finance Minister Bruno Le Maire expressed optimism about Greece reaching a deal on new loans from its European creditors after talks with his Greek counterpart and Prime Minister Alexis Tsipras in Athens.
Wall St. falls as Apple drags tech shares lower
NEW YORK (Reuters) – Apple shares added to last week’s drop on Monday to lead a market downturn as tech, still the best performing S&P 500 sector this year, succumbed under its own weight.
GE’s new CEO Flannery to review portfolio with ‘no constraint’
(Reuters) – General Electric Co’s incoming chief executive said he will conduct a swift review of the conglomerate’s business portfolio with “no constraint,” but signaled no major changes as the company sticks with its strategy of selling software-rela…
German ministry orders probe of Porsche emissions
BERLIN (Reuters) – The German Transport Ministry has ordered the KBA watchdog agency to examine the emissions of sports car maker Porsche , a unit of Volkswagen , a ministry spokesman said on Monday following a critical media report.
Exclusive – Foxconn says Apple, Dell join its bid for Toshiba chip business
TAIPEI (Reuters) – Apple Inc and computing giant Dell Inc will join a Foxconn-led consortium bidding for Toshiba Corp’s highly prized chip unit, the CEO of the world’s largest contract electronics manufacturer told Reuters on Monday.
