Google search chief Singhal to quit, to be replaced by AI head
(Reuters) – Google parent Alphabet Inc said Amit Singhal, the longtime chief of its Internet search business, will leave the company and be replaced by the head of the technology giant’s artificial intelligence business.
Panama Canal expansion to be complete by end of June: operator
PANAMA CITY (Reuters) – A new set of larger locks for the Panama Canal will be complete by the end of June, the waterway’s administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls.
Cisco to pay $1.4 billion for Internet of Things firm Jasper
(Reuters) – Cisco Systems Inc said on Wednesday it was buying Jasper Technologies Inc, a startup that connects devices like cars and medical devices to the Internet, for $1.4 billion in cash and equity awards, its largest acquisition since 2013.
Boeing focuses on early 737 MAX delivery: CFO
SEATTLE (Reuters) – Boeing Co said on Wednesday it was working to deliver its new 737 MAX single-aisle aircraft ahead of schedule next year, provided the company can complete testing on time and customers are ready to receive it.
Apple ordered to pay $625 million in patent dispute with VirnetX
NEW YORK (Reuters) – Apple Inc must pay VirnetX Holding Corp more than $625 million for using the patent licensing company’s Internet security technology without permission in its FaceTime and iMessage features, a federal jury in Texas said on Wednesda…
Yum posts unexpected fall in revenue as KFC, Pizza Hut struggle
(Reuters) – Yum Brands Inc reported an unexpected drop in fourth-quarter revenue as both its KFC and Pizza Hut restaurant outlets struggled to grow, hurt in part by the strong dollar.
U.S. Treasury Secretary urges China to communicate FX policy clearly
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew reiterated to China the importance of transitioning to a market-determined exchange rate in an orderly and transparent way, the Treasury said on Wednesday.
Flight control: China banks pilot jet leasing firms in chase for $228 billion market
SINGAPORE (Reuters) – Fresh from taking on the world in financial services, China’s cashed-up banks are targeting a bigger slice of the surging global aviation market, beefing up affiliates bent on supplying planes to airlines around the planet.
Slowing Chinese sorghum demand ends boom for Australian, U.S. growers
SYDNEY/CHICAGO (Reuters) – Slowing Chinese demand for sorghum is set to exacerbate tough market conditions for grain farmers in the United States and Australia, as one of the few bright spots in global markets over the past two years starts to fade.
Mall operator CEO clarifies comments on Amazon bookstores
(Reuters) – The CEO of a U.S. mall operator who said this week that Amazon.com Inc plans to open up to 400 physical bookstores clarified his comments on Wednesday, saying they were “not intended” to represent the online retailer’s plans.
