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January 28, 2020
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Reuters - Business

Coronavirus outbreak may disrupt Apple’s iPhone production ramp up plans: Nikkei

Reuters
(Reuters) – Apple Inc’s (AAPL.O) plan to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus outbreak spreads across China, the Nikkei Asian Review reported on Tuesday. FILE PHOTO: Apple’s new (L-R) iPhone 11 Pro Max, 11 Pro and......
Reuters - Business

Capgemini passes first hurdle in Altran bid despite Elliott resistance

Reuters
The logo of Capgemini is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau PARIS (Reuters) – French consulting and IT services provider Capgemini (CAPP.PA) succeeded in securing more than half of the capital of smaller rival Altran Technologies, the French market......
Reuters - Business

JPMorgan hires senior tech executive from Goldman Sachs: memo

Reuters
FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the......
Reuters - Business

Intel signals 2020 will be a turnaround year for chip industry leader

Reuters
(Reuters) – Intel Corp (INTC.O) on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand. FILE PHOTO: A visitor passes an Intel logo at the Mobile World Congress......
Reuters - Business

Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources

Reuters
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. FILE PHOTO: A woman uses her Apple iPhone......
Reuters - Business

Facebook targets UK growth with 1,000 hires this year

Reuters
LONDON (Reuters) – Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union. The logo of Facebook is seen in Davos, Switzerland Januar 20,......
Reuters - Business

Samsung appoints new mobile chief as Huawei chips away at market share

Reuters
SEOUL (Reuters) – Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The logo of Samsung Electronics is seen at its......
Reuters - Business

Samsung Electronics appoints new mobile chief

Reuters
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Samsung Electronics, the world’s top smartphone maker, said on Monday that it has named President Roh Tae-moon as its new mobile chief as part of a management......
Reuters - Business

Best Buy starts investigation into CEO’s personal conduct

Reuters
FILE PHOTO: A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019. REUTERS/Brian Snyder (Reuters) – U.S. consumer electronics retailer Best Buy Co (BBY.N) said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry......
Reuters - Business

Wall Street’s trillion-dollar club dwarfs Europe Inc

Reuters
LONDON (Reuters) – With Google parent Alphabet (GOOGL.O) becoming the latest entrant to Wall Street’s trillion-dollar club, Europe’s blue-chip companies are dwarfed by comparison — the most valuable firm from the “old continent”, Nestle, is worth just a third of that. FILE PHOTO: Traders work on the floor at the......
Reuters - Business

Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
Reuters - Business

Which company just hit $1 trillion? Google it.

Reuters
NEW YORK (Reuters) – As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. FILE PHOTO: The logo......
Reuters - Business

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Reuters
NEW YORK (Reuters) – Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV. FILE PHOTO: The NBC and Comcast logo are displayed on......
Reuters - Business

Goldman Sachs finally launches app for online bank Marcus

Reuters
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Goldman Sachs Group Inc launched a long-awaited app this week for......
Reuters - Business

Factbox: How social media services handle political ads

Reuters
SAN FRANCISCO (Reuters) – Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/File Photos/File......
Reuters - Business

Facebook defies China headwinds with new ad sales push

Reuters
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) is setting up a new engineering team in Singapore to focus on its lucrative China advertising business, according to three people familiar with the effort, even as chief executive Mark Zuckerberg ramps up criticism of a country that blocks the social network. FILE......
Reuters - Business

Amazon to showcase its transportation drive at world’s largest tech show

Reuters
(Reuters) – From making cars talk using Alexa’s voice to managing data from factories full of robots, Amazon.com Inc (AMZN.O) wants a big piece of the action in transportation, and this week at CES will unveil more about its strategy to achieve that goal than ever before. FILE PHOTO: The......

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