HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets
LONDON/NEW YORK (Reuters) – Hewlett-Packard Enterprise agreed to sell its software business to Micro Focus in a $8.8 billion deal that shrinks the Silicon Valley pioneer again while catapulting the little-known British firm into the top tier of Europea…
Taiwan’s Foxconn invests in Chinese ride-hailing start-up Didi Chuxing
HONG KONG/BEIJING (Reuters) – Taiwan’s Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world’s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at …
U.S. jobless claims fall as labor market remains strong
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing.
Apple will not announce first-weekend sales of iPhone 7
SAN FRANCISCO (Reuters) – Apple Inc will not release first-weekend sales of the newly announced iPhone 7, a spokeswoman for the company said.
Twitter’s Dorsey likely to get few more quarters to execute plan: CNBC
(Reuters) – Twitter Inc Chief Executive Jack Dorsey is expected to be given a few more quarters to execute his turnaround plan and his management will not be questioned at Thursday’s board meeting, CNBC reported, citing sources.
Wall Street opens lower as Apple drags
(Reuters) – U.S. stocks opened lower on Thursday, weighed down by a 1 percent drop in Apple shares, a day after the company unveiled the new iPhone 7.
BoE says won’t stifle innovation as wrestles with fintech
LONDON (Reuters) – The Bank of England will not “stifle” innovation in financial technology with new rules as it seeks to get to grips with its impact, a senior central bank official said on Thursday.
Navistar quarterly revenue falls, unit gets DoD subpoena
(Reuters) – Truck and engine maker Navistar International Corp reported a fall in revenue for the sixth straight quarter due to lower truck sales and said one of its units had received a subpoena from the United States defense department.
Japan’s Takata to take bids from seven potential rescuers on September 19 – sources
TOKYO (Reuters) – Takata Corp will take initial bids from seven potential rescuers on Sept. 19, as the Japanese air bag maker at the heart of the auto industry’s biggest-ever global recall fights for survival, two people with direct knowledge of the p…
Apple unveils iPhone 7 but some still waiting for iPhone 8
SAN FRANCISCO (Reuters) – Apple Inc unveiled an iPhone 7 with high-resolution cameras and no headphone jack at its annual launch event Wednesday, though the biggest surprise was the debut of a three-decade-old Nintendo game franchise, Super Mario Bros,…
