Nintendo’s market cap doubles to $42 billion since Pokemon GO launch
TOKYO (Reuters) – Shares of Japan’s Nintendo Co soared another 14 percent on Tuesday, more than doubling the firm’s market capitalization to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon GO was launched in the U…
Shame on you! China uses public billboards to expose runaway debtors
SHANGHAI (Reuters) – Above throngs of busy commuters at a Shanghai railway station, four large billboards – some sandwiched between screens flashing train times – were lit up with the name of the head of a mid-sized industrial products maker.
Three U.S. states plan lawsuits over Volkswagen diesel pollution
WASHINGTON (Reuters) – Three U.S. states plan to unveil new lawsuits against Volkswagen AG on Tuesday tied to the automaker’s sale of diesel vehicles with emissions-cheating software, even after they announced settlements with the German automaker in …
Bank of America sets new cost target under pressure from low rates
(Reuters) – Bank of America Corp reported a 19 percent drop in second-quarter profit on Monday and set a new expense target as growth in businesses from lending to trading failed to offset the impact of persistently low interest rates.
Yahoo reports lackluster results as sale looms
(Reuters) – Yahoo Inc’s (YHOO.O) quarterly earnings fell short of Wall Street expectations on Monday in what may be the company’s last financial report before it sells its core business.
SoftBank to buy UK chip designer ARM in $32 billion cash deal
TOKYO/LONDON (Reuters) – Japan’s SoftBank will buy Britain’s most valuable technology company ARM for $32 billion in cash, an audacious attempt to lead the next wave of digital innovation with a chip designer that powers the global mobile phone indus…
With Baojun, GM China has head-start in growing no-frills car market
LIUZHOU, China (Reuters) – General Motors has enjoyed first-mover advantage in China’s cheap, no-frills car market as foreign rivals focused on selling higher-end cars in the country’s wealthier mega-cities.
Viacom’s top two executives reserve right to resign, look to protect millions in pay
(Reuters) – Viacom Inc Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley have reserved their legal right to resign “with good reason” in a move to protect tens of millions of dollars in potential severance pay.
Netflix customer growth slows amid price hike, shares plunge
(Reuters) – Netflix Inc said it added fewer video streaming subscribers than expected from April through June as some customers canceled the service ahead of a price increase, and the company’s shares fell 16 percent.
Wall St. sets records again, led by tech, bank stocks
(Reuters) – Wall Street closed slightly higher on Monday to mint new record highs for the S&P 500 and the Dow industrials, fueled by Bank of America’s better-than-expected profit and a major tech sector acquisition.
