U.S. small business confidence rises modestly amid sales worries
WASHINGTON (Reuters) – U.S. small business confidence edged up in May amid growing concerns about weak sales growth, which are hurting spending on capital goods and inventory investment.
U.S. sees progress in latest cyber talks with China
BEIJING (Reuters) – The United States is pleased to see progress has been made with China on information sharing about cyber threats, a senior U.S. official said on Tuesday during the latest round of cyber security talks between the two countries.
Ericsson plans to lay off thousands to cut costs: newspaper
STOCKHOLM (Reuters) – Telecoms equipment maker Ericsson plans to lay off thousands of staff this summer and is considering large, additional cost cuts due to slowing markets, newspaper Svenska Dagbladet (SvD) reported on Tuesday citing anonymous source…
Deutsche Bank Asia chief executive Chadha leaving bank: memo
HONG KONG (Reuters) – Deutsche Bank’s Asia Pacific Chief Executive Officer Gunit Chadha has decided to step down from his role at the German lender, with effect from July 17, according to an internal memo seen by Reuters.
Proxy advisor ISS urges against reelecting Takata, Toshiba chiefs
TOKYO (Reuters) – Influential proxy advisory firm ISS recommended shareholders against reelecting Takata Corp Chief Executive Shigehisa Takada to the company’s board of directors, saying he should be held responsible for its defective air bags.
Microsoft to buy LinkedIn for $26.2 billion in its largest deal
(Reuters) – Microsoft Corp will buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, a bold stroke by Microsoft CEO Satya Nadella in his efforts to make the venerable software company a major force in next-generation computing.
Alibaba expects to nearly double transactions volume to more than $900 billion by 2020
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it expects to nearly double its transaction volumes by 2020, signalling it still expects rampant growth as Executive Chairman Jack Ma pledged to intensify a crackdown on fak…
Daily fantasy sports firms FanDuel, DraftKings in merger talks: sources
(Reuters) – The two largest daily fantasy sports companies, FanDuel Inc and DraftKings Inc, are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal…
Apple enhances Siri but still trails in artificial intelligence race
(Reuters) – Apple unveiled a series of improvements to its Siri digital assistant on Thursday, but the tech giant still trails rivals such as Google and Amazon in the red-hot field of artificial intelligence, experts say.
Gawker Media asks for approval of bankruptcy loan from Cerberus
NEW YORK (Reuters) – Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, according to a court fil…
