News

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Thu, 27 Feb 2020 17:45:08 GMT

Microsoft sees Windows revenue outlook to miss estimates

Microsoft stated it is unlikely to meet the quarterly revenue outlook for its personal computing business and Windows unit dut to the impact of the coronavirus outbreak, bringing its shares down over 1% on the news.

Thu, 27 Feb 2020 16:41:19 GMT

Coronavirus may delay Apple's iPhones roll-out

The coronavirus outbreak may lead to a delay of new Apple's iPhones release this fall, as travel restrictions prevent the tech giant's engineers to perfect the phone production in China before the launch.

Thu, 27 Feb 2020 15:57:47 GMT

Shares in Aston Martin fall on Thursday

On Thursday, Aston Martin's shares plunged to its record-low level after the UK luxury automaker stated its losses deepened from the last year and the CFO would step down by the April-end.

Thu, 27 Feb 2020 15:08:16 GMT

Facebook to clean up misleading ads on coronavirus

Facebook is planning to ban all the products advertisements offering any prevention or cures about the coronavirus outbreak, as well as those that escalate the situation.

Thu, 27 Feb 2020 13:55:03 GMT

Waymo, Cruise lead backlash against California

Alphabet's Waymo has joined General Motors' Cruise in a backlash against the Californian self-driving data requirements, which the companies find irrelevant.

Thu, 27 Feb 2020 13:15:40 GMT

Microsoft seeks investment in Indonesia data centres

Microsoft Corp seeks to make investments in data centres located in Indonesia that will make changes in regulations to facilitate a move, Indonesia's president stated on Thursday.

Thu, 27 Feb 2020 12:24:11 GMT

Nokia shares surge on possible deals report

On Thursday, Nokia Oyj's shares surged 1.1% after Bloomberg reported that Finland's telecom network equipment producer was exploring potential mergers and asset sales.

Thu, 27 Feb 2020 10:41:41 GMT

UK reveals trade negotiation plan

On Thursday, the United Kingdom revealed its tough negotiation stance in trade matters with the European Union.

Thu, 27 Feb 2020 10:33:26 GMT

Zalando to offer more designer brands to lift sales

Zalando, the online fashion retailer, is planning to tap more luxury and premium labels, as well as vintage clothing market with the intention to boost its sales due to a slowdown forecast in 2020.

Thu, 27 Feb 2020 09:12:21 GMT

Lufthansa, United consider takeover of Portugal's TAP

Lufthansa and United Airlines are weighting a takeover of the Portuguese carrier TAP-Air Portugal, according to a report of a German newspaper.

Thu, 27 Feb 2020 08:26:55 GMT

Walmart discusses Asda stake sale with possible buyers

The largest retail in the world, Walmart, has entered talks with potential stake buyers in its UK supermarket Asda, following a failed merger-deal with Sainsbury's, which collapsed last year.

Thu, 27 Feb 2020 07:33:20 GMT

SpaceX rocket output facility approved by LA Port

Elon Musk's SpaceX private rocket firm has won its final approval to establish a manufacturing and research factory for its deep-space project "Starship" by the Port of Los Angeles.

Thu, 27 Feb 2020 06:23:50 GMT

Square results beat expectations

Payment processor Square beat forecasts for quarterly profit, as the company earned more from services and subscription business, especially from Cash App.

Thu, 27 Feb 2020 04:57:52 GMT

Marriott's profit down 12%

Marriott International reported posted a 12% decline in quarterly profit partly affected by higher costs, adding that the coronavirus outbreak affected mainly its Asia Pacific region.

Thu, 27 Feb 2020 04:26:29 GMT

Microsoft: Windows unit's revenue to miss forecasts

Microsoft stated that its personal computing business Windows is unlikely to meet the Q3 revenue forecast due to the coronavirus outbreak.

Wed, 26 Feb 2020 22:20:05 GMT

Apple to open first store in India

Apple is set to open the company's first physical retail store in India in the year of 2021, Tim Cook, the Chief Executive, stated.

Wed, 26 Feb 2020 20:53:07 GMT

Nokia in search of strategic options

Telecom network equipment producer Nokia Oyj was examining strategic options and working with advisers to evaluate potential asset sales and mergers.

Wed, 26 Feb 2020 20:29:46 GMT

Walmart in talks on selling Asda stake

Walmart was in negotiations with likely buyers of its stake in the UK supermarket Asda, which the retailer failed to combine with Sainsbury's in 2019.

Wed, 26 Feb 2020 19:01:52 GMT

Sales of new homes in US reach 12-1/2-year high

Sales of new single-family homes in the US rose to the highest level in 12-1/2-years in January, indicating market strength, which could help to keep economic expansion on track.

Wed, 26 Feb 2020 17:58:04 GMT

Starbucks to sell Beyond Meat's sandwich in Canada

Starbucks announced its Canadian stores will sell Beyond Meat's plant-based sandwich next week, offering imitation meat product for the first time.

Wed, 26 Feb 2020 17:02:09 GMT

Blackstone to buy iQ for $6B

Goldman Sachs unit Wellcome Trust agreed to sell iQ, the UK student accommodation firm, to Blackstone for $6.06B.

Wed, 26 Feb 2020 16:27:43 GMT

UK Lloyds to axe 780 jobs

The UK biggest bank Lloyds announced plans to cut 780 positions within an ongoing cost-cutting at the lender, the union stated on Wednesday.

Wed, 26 Feb 2020 14:26:16 GMT

PSA's profits jump ahead of Fiat merger-deal

PSA Group reported its profitability reached new highs last year, though the Peugeot maker underscored a gloomy forecast for its car sales in the European market in 2020 ahead of the merger-deal with Fiat Chrysler.

Wed, 26 Feb 2020 12:55:54 GMT

SambaNova attracts $250M in BlackRock-led funding

SambaNova Systems, the AI computing firm, has raised $250M in the latest BlackRock-led funding round led, aiming at customer base expansion, SambaNova told Reuters.

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