Toshiba unconvinced by Western Digital’s last-ditch chip bid
TOKYO (Reuters) – Toshiba Corp said on Friday it was not convinced by Western Digital Corp CEO Steve Milligan’s effort to win its backing for the U.S. tech firm’s revised bid for the Japanese conglomerate’s highly prized chip unit.
SoftBank to buy robotics businesses from Alphabet Inc
TOKYO (Reuters) – SoftBank Group Corp said it would buy two firms that build walking robots from Google’s parent company, Alphabet Inc , adding to the Japanese company’s growing artificial intelligence portfolio.
Oil’s price fall stalls despite supply glut
LONDON (Reuters) – Oil prices steadied on Friday after steep falls earlier in the week under pressure from widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market.
Dollar cleans up as UK election shock stuns sterling
LONDON (Reuters) – A shock British election result that left no single party with a clear claim to power hit sterling on Friday and left the dollar on course for its best day in over a month, while world shares headed toward their first weekly fall sin…
JPMorgan operating chief to go, Dimon successor pool shrinks
NEW YORK (Reuters) – JPMorgan Chase & Co Chief Operating Officer Matt Zames, once seen as a likely successor to Chief Executive Jamie Dimon, will leave the bank in the coming weeks, and his duties are being split among other senior executives, the bank said on Thursday.
Airbus CEO worried by Qatar crisis, risk of hard Brexit
TOULOUSE, France (Reuters) – The head of Airbus expressed worries about growing geopolitical uncertainties on Thursday, calling the rift between key customer Qatar and its Gulf neighbors troubling and warning of the impact of a “hard Brexit” on the pla…
Automakers diverge on how fast to deploy automatic braking
DETROIT (Reuters) – Big automakers are rushing to launch self-driving cars as early as 2021, but the industry’s major players are moving slowly when it comes to widespread deployment of a less expensive crash prevention technology that regulators say c…
Adidas optimistic new shoe models will drive U.S. recovery
(Reuters) – Adidas is optimistic that strong demand for new shoe models will drive its recovery in the U.S. market even as the popularity of classics such as the Superstar and Stan Smith wane, the company’s North America head told Reuters.
Verizon plans to cut 2,000 jobs at Yahoo, AOL: source
(Reuters) – Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc’s core assets next week, a person briefed on the matter said.
General Motors sale of Opel to PSA could be completed by end July
FRANKFURT (Reuters) – Opel, the European arm of General Motors , said its sale to France’s PSA Group could be completed as early as July 31, pending regulatory approval from antitrust authorities.
