Microsoft to continue to invest over $1 billion a year on cyber security
TEL AVIV (Reuters) – U.S. software firm Microsoft Corp will continue to invest over $1 billion annually on cyber security research and development in the coming years, a senior executive said.
Missile maker Raytheon’s sales fall 1.4 percent
(Reuters) – Raytheon Co reported a 1.4 percent fall in quarterly revenue, hurt by slower sales in its units that make missile systems and tracking and navigation sensors used in aircraft and missiles.
Stocks bask in afterglow of Dow breaking past 20,000
LONDON (Reuters) – World stock markets climbed strongly on Thursday, with investors basking in the afterglow of a break past 20,000 points for Wall Street’s record high Dow Jones index.
Xiaomi executive Barra joins Facebook to lead virtual reality business
(Reuters) – Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc [XTC.UL], to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said.
Samsonite studies possibility of moving manufacturing to U.S.
HONG KONG (Reuters) – Samsonite International SA , the world’s largest luggage maker, said on Thursday it was considering relocating some of its manufacturing to the United States.
TransCanada has not yet broached Keystone XL with shippers: CEO
WHISTLER, British Columbia (Reuters) – TransCanada Corp has yet to discuss the Keystone XL oil pipeline with shippers and is not certain if all were still in support of it, the company’s CEO said on Wednesday in his first public comments since Presiden…
South Korea’s Kia Motors drafts Trump contingency plan
SEOUL (Reuters) – Kia Motors said on Thursday it is drawing up a contingency plan to cope with the policies of U.S. President Donald Trump, reflecting growing wariness by Asian exporters about the prospect of U.S. protectionism.
Japan PM says free trade talks with U.S. possible
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Thursday it was possible Tokyo and Washington could hold bilateral free trade talks in the wake of U.S. President Donald Trump’s withdrawal from the Trans-Pacific Partnership (TPP) this week….
Judge denies $80 million penalty in Wal-Mart truck drivers lawsuit: AP
(Reuters) – A federal judge refused to order Wal-Mart Stores Inc to pay $80 million in penalties in a lawsuit alleging the retailer failed to pay hundreds of truck drivers in California the minimum compensation for certain tasks, the Associated Press …
Investors pull most cash from U.S. stock funds since election: ICI
(Reuters) – Investors sold U.S.-based domestic stock funds at the fastest pace since equities leapt following the presidential election, Investment Company Institute data for the latest week showed on Wednesday.
