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November 30, 2021

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Blue Prism shareholder Coast opposes Vista’s new takeover offer

Reuters
Nov 26 (Reuters) – Blue Prism (PRSMB.L) shareholder Coast Capital said on Friday it will not support private equity firm Vista Equity’s final takeover offer of 1.22 billion pounds ($1.62 billion) for the British software firm on grounds it undervalues the company. U.S.-based Coast, which owns around 2.8% of Blue......

Traders pile into defensive options plays as COVID-19 fears return

Reuters
Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to reuters.com Register NEW YORK, Nov 26 (Reuters) – Soaring volatility on Wall Street on......

From cruise operators to airlines: ‘Reopening’ stocks tumble on variant fears

Reuters
Nov 26 (Reuters) – Companies benefiting from this year’s economic reopening, including AMC Entertainment, United Airlines and Carnival Corp, were hammered on Friday by fears over a new and possibly-vaccine resistant coronavirus variant. The variant, discovered in South Africa, prompted several countries to tighten border controls and investors to dump......

Climate activists target Amazon depots in Britain on ‘Black Friday’

Reuters
Woman with smartphone is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register TILBURY, England, Nov 26 (Reuters) – Climate activists targeted 13 Amazon (AMZN.O) depots across Britain on “Black Friday” as part......

Software AG considers putting itself up for sale -Bloomberg

Reuters
FRANKFURT, Nov 25 (Reuters) – Software AG (SOWGn.DE) is exploring strategic options including a potential sale, Bloomberg News on Thursday cited people familiar with the matter as saying. Frankfurt-listed shares of the German business software developer jumped 10.6% on the news. Strategic considerations are at an early stage, the report......

EU’s Vestager cheers as lawmakers vote for tougher tech laws

Reuters
EU Commission Executive Vice-President Margrethe Vestager holds a news conference on European Commission’s competition policy, in Brussels, Belgium November 18, 2021, REUTERS/Yves Herman Register now for FREE unlimited access to reuters.com Register STRASBOURG, Nov 23 (Reuters) – A key committee of EU lawmakers on Tuesday agreed to tougher laws targeting......

Apple files lawsuit against NSO Group, saying U.S. citizens were targets

Reuters
Nov 23 (Reuters) – Apple Inc (AAPL.O) said on Tuesday it has filed a lawsuit against Israeli cyber firm NSO Group and its parent company OSY Technologies for alleged surveillance and targeting of U.S. Apple users with its Pegasus spyware. The iPhone maker said it is also seeking to ban......

Nasdaq and S&P 500 end down after hitting record highs

Reuters
Financials rally on rate hike expectations Higher Treasury yields pressure tech stocks Apple hits record high, JPM sees iPhone supply improving Nov 22 (Reuters) – The S&P 500 ended lower and the Nasdaq tumbled deep into negative territory on Monday after both earlier hit record highs following the announcement of......

Zoom beats quarterly revenue estimates

Reuters
A 3D printed Zoom logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to reuters.com Register Nov 22 (Reuters) – Zoom Video Communications (ZM.O) beat estimates for third-quarter revenue on Monday benefiting from the launch of its new......

Analysis: Visa’s Amazon spat shows power is shifting to retailers in fee battle

Reuters
NEW YORK, Nov 22 (Reuters) – Amazon.com Inc (AMZN.O)‘s latest spat with Visa (V.N) shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company. Amazon said last week......

Stocks rally, led by growth names, dollar eases

Reuters
European shares end at record closing highs Dollar eases off highest since July 2020 Elon Musk sells more Tesla shares NEW YORK, Nov 12 (Reuters) – Global equity markets rallied on Friday, with European shares hitting new highs on strong earnings, while the dollar eased but was on track for......

Data analytics firm Palantir reports 36% jump in quarterly revenue

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland January 22, 2020. REUTERS/Arnd Wiegmann/File Photo Nov 9 (Reuters) – U.S. data analytics firm Palantir Technologies (PLTR.N) reported a 36% rise in third-quarter revenue on Tuesday as it landed more government contracts and commercial deals. Shares of......

Wall St Week Ahead: Some investors look to diversify amid big tech rally

Reuters
A person waits on the Wall Street subway platform in the Financial District of Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew Kelly NEW YORK, Nov 5 (Reuters) – Rising valuations and hefty year-to-date gains for big technology stocks are pushing some investors to diversify away from the sector......

Facebook will shut down facial recognition system

Reuters
A 3D printed Facebook’s new rebrand logo Meta and Facebook logo are seen in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration Nov 2 (Reuters) – Facebook Inc (FB.O) announced on Tuesday it is shutting down its facial recognition system, which automatically identifies users in photos and videos, citing......

Who’s building the metaverse? | Reuters

Reuters
Nov 1 (Reuters) – Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet. The metaverse broadly refers to the idea of a shared virtual platform that people can access through......

Sega, Microsoft explore cloud gaming alliance

Reuters
Sega logos are pictured at Tokyo Game Show 2016 in Chiba, east of Tokyo, Japan, Sept. 15, 2016. REUTERS/Kim Kyung-Hoon TOKYO, Nov 1 (Reuters) – Sega Sammy Holdings (6460.T) on Monday said it is exploring a strategic alliance with Microsoft (MSFT.O) to develop big budget titles using the Xbox maker’s......

G20 leaders endorse global minimum corporate tax deal for 2023 start

Reuters
ROME, Oct 30 (Reuters) – Leaders of the world’s 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15%, draft conclusions of the two-day G20 summit showed on Saturday, with a view to have the rules in force in 2023. “We call on......

Move over Apple, Microsoft now the world’s most valuable company

Reuters
Oct 29 (Reuters) – Apple Inc (AAPL.O) lost its crown as the world’s most valuable public company to Microsoft Corp (MSFT.O) on Friday, as the iPhone maker’s shares fell about 2%. Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to persistent global supply......

Microsoft to work with community colleges to fill 250,000 cyber jobs

Reuters
A Microsoft logo is seen in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson Oct 28 (Reuters) – Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years. Microsoft said it will......

Apple results hit by supply chain woes, Cook says holiday quarter impact will be worse

Reuters
Oct 28 (Reuters) – Supply chain woes cost Apple Inc (AAPL.O) $6 billion in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter. Cook told Reuters on Thursday......

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