Apple slips as supply woes weigh on holiday sales forecast
(Reuters) – Apple Inc’s smaller-than-expected margin forecast sent the company’s shares down nearly 4 percent on Wednesday and raised concerns about its ability to capitalize on high demand for its bigger screen phones that bring in more money.
AIG raises limit to cover ‘terrorist attacks’ on property
(Reuters) – American International Group Inc said on Wednesday that it has quadrupled its global capacity to cover “terrorist attacks” on property to $1 billion.
U.S. warned Berlin on China-Aixtron deal: Handelsblatt
FRANKFURT/BERLIN (Reuters) – U.S. intelligence services warned Berlin that a now on-hold Chinese takeover of German semiconductor equipment maker Aixtron could give Beijing access to technology that could be used for military purposes, business daily …
In China, some Apple users opt for iPhone makeover rather than buy new
BEIJING (Reuters) – Some Chinese iPhone owners are giving their old models a makeover to look like the latest iPhone 7, rather than buying new – a trend that could dent Apple Inc’s efforts to boost sales in what has been its biggest growth driver.
Google executives met Indonesian officials to negotiate tax bill: source
JAKARTA (Reuters) – Senior executives from the Asia Pacific headquarters of Alphabet Inc’s Google met Indonesian tax officials on Wednesday to negotiate the internet search company’s tax bill, a person with knowledge of the matter told Reuters.
Coca-Cola’s revenue beats on higher soda prices in North America
(Reuters) – Coca-Cola Co reported better-than-expected quarterly revenue on Wednesday, helped by higher prices for sodas and strong demand for water and sports drinks in North America.
Commodity traders must go digital or face extinction: report
LONDON (Reuters) – As commodity margins flat-line, the number of traders will shrink as existing trading firms consolidate and digital rivals emerge, U.S. consultancy Oliver Wyman said in its annual commodity trading report.
Comcast posts higher third-quarter revenue, adds video customers
NEW YORK (Reuters) – Cable and entertainment company Comcast Corp posted higher third-quarter revenue on Wednesday, fueled by video customer additions and sustained growth in its high-speed internet and business services divisions.
City of London calls for post-Brexit banking rules that aid competitiveness
LONDON (Reuters) – London’s financial district has called for a UK regulatory regime that does not harm competitiveness, responding to bankers’ fears that being outside the European Union will reduce the capital’s clout in global markets.
Tata Sons former boss says group could see $18 billion in writedowns: letter
DELHI/MUMBAI (Reuters) – Group companies in the salt-to-software Tata Sons conglomerate faces potential writedowns to the tune of close to $18 billion due to investments in unprofitable businesses, according to an internal letter that ousted Chairman C…
