Amazon to buy back $5 billion of shares
(Reuters) – Amazon.com Inc , the world’s largest e-commerce company, said on Wednesday its board authorized a $5 billion share buyback program.
Cisco beats profit estimates, adds $15 billion to buyback
(Reuters) – Network equipment maker Cisco Systems Inc reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added $15 billion to its share buyback program.
Google says U.S. guidance crucial to development of self-driving cars
WASHINGTON/DETROIT (Reuters) – Alphabet Inc’s Google unit told U.S. auto safety regulators that the government’s interpretation of motor vehicle safety rules is “extremely important” to its further development of fully self-driving cars.
Viacom investor SpringOwl urges independent directors to quit
(Reuters) – Viacom Inc investor SpringOwl Asset Management urged the media company’s six independent directors to step down immediately, days after the board appointed Chief Executive Philippe Dauman to the additional post of executive chairman.
Viacom’s past share buyback binge leaves investors hungry
(Reuters) – In a conference call after the company’s disappointing results on Tuesday, Viacom Inc Chief Executive Philippe Dauman, among other things, said he was “focused on getting Viacom’s stock price back” to levels it had been “just a short time a…
MetLife challenges U.S. ‘too big to fail’ designation in court
WASHINGTON (Reuters) – The U.S. government and the country’s largest life insurer squared off in federal court on Wednesday over whether regulators can designate non-banking firms as “too big to fail,” one of the major reforms that followed the financi…
Disappointing show by HBO, Turner drags down Time Warner
(Reuters) – Time Warner Inc reported a bigger-than-expected drop in quarterly revenue as subscription revenue for its cable channel HBO and Turner television network disappointed Wall Street, sending the company’s shares down as much as 9.8 percent.
Exclusive: Nigeria to seek China loan, shelves Eurobond sale for now – sources
LAGOS/ABUJA (Reuters) – Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and government sources said on Wednesday.
U.S. government posts $55 billion budget surplus in January
WASHINGTON (Reuters) – The U.S. government posted a $55 billion budget surplus in January, up from an $18 billion deficit in the same month a year ago, the Treasury Department said on Wednesday.
Google to scrub web search results more widely to soothe EU objections
BRUSSELS (Reuters) – Google will start scrubbing search results across all its websites when accessed from a European country to soothe the objections of Europe’s privacy regulators to its implementation of a landmark EU ruling, a person close to the c…
