News

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Wed, 17 Oct 2018 12:24:38 GMT

InMobi acquires mobile advertising firm from Sprint

InMobi, the technology for marketers provider, said on Wednesday it had acquired an advertising and mobile data unit created in 2012 by Sprint Corp in the all-stock deal, not providing the financial details.

Wed, 17 Oct 2018 11:39:54 GMT

President of Maldives set to step down after term-end

On Wednesday, the Maldives' President Abdulla Yameen stated he would step down after the end of his term, having no regrets or reservations on any of decisions he had made.

Wed, 17 Oct 2018 11:35:24 GMT

Netflix shares soar on subscriber growth report

Netflis shares surged 11% on Wednesday, following the company's report about a record growth to 7M in the number of its subscribers within the last three months.

Wed, 17 Oct 2018 09:57:57 GMT

China's HBIS wants new order in global trade

The head of the second largest Chinese steelmaker HBIS has announced that a new world order has to be made in global markets to avoid protectionism.

Wed, 17 Oct 2018 09:57:30 GMT

Danske Bank drops CEO candidate

On Wednesday, regulators rejected the Danske Bank's new CEO candidate, which was subsequently denied the position by Danske Bank.

Wed, 17 Oct 2018 09:38:39 GMT

SocGen CEO drops plans to attend Saudi investor conference

The Societe Generale CEO has decided to cancel his plans to attend the Saudi Arabian investor conference amid rising concerns over the missing journalist.

Wed, 17 Oct 2018 09:32:32 GMT

Spain decides to ban Berkeley's uranium mine project

The Spanish authorities has made a decision to block the European uranium mine project led by Australia's mining group Berkeley Energia, which could be the only EU open-cast uranium mine close to Salamanca.

Wed, 17 Oct 2018 08:28:37 GMT

China's Baidu joins US AI ethics group

China's search engine Baidu has joined the US-led artificial intelligence ethics group on the back of rising tensions between Washington and Beijing, becoming the first Chinese firm to do so.

Wed, 17 Oct 2018 08:22:45 GMT

Netflix dispels WS worries with record subscriber growth

Netflix reported its new streaming subscriber growth surged to 7M in the last three months, starting from July, which is a third more the forecasts provided by Wall Street.

Wed, 17 Oct 2018 07:35:36 GMT

Grupo Coppel delays IPO in Mexico

The Mexican lender and retailer Grupo Coppel has delayed its planned initial public offering worth over $1.0B in Mexico, after the owners have backed out, sources reported on Wednesday.

Wed, 17 Oct 2018 07:34:42 GMT

Australia's Boral plans US Block business sale for $156M

Boral, the construction and building materials producer, announced on Wednesday about the planned US Block business sale to Quikrete Holdings in a deal valued at $156M.

Wed, 17 Oct 2018 06:39:34 GMT

Fujifilm comes out winner in its legal battle with Xerox

The Japanese firm Fujifilm Holdings won an appeal over its aborted merger with Xerox Corp, making the NYC court to overturn the previous injunctions that blocked the merger deal.

Wed, 17 Oct 2018 06:36:17 GMT

Lyft picks Credit Suisse, JPMorgan for its 2019 IPO

The ride-sharing firm Lyft has selected Credit Suisse, Jefferies and JPMorgan Chase as underwriters for the company's initial public offering planned in the next year's first half.

Wed, 17 Oct 2018 04:59:20 GMT

Trump: Cipollone to serve as next White House counsel

On Tuesday, the US President Donald Trump claimed that a former lawyer of the US Justice Department Pat Cipollone will serve as the next counsel of the White House.

Wed, 17 Oct 2018 04:51:31 GMT

Uber considers to sell minority stakes in self-driving unit

On Wednesday, the Financial Times reported that Uber Inc is considering an opportunity to sell the minority stakes in its self-driving unit as the company prepares to cut expenses ahead of upcoming IPO.

Wed, 17 Oct 2018 04:36:46 GMT

Samsung acquires data-analysis company Zhilabs

On Wednesday, Samsung Electronics Co Ltd claimed that it has acquired Spanish data-analysis company Zhilabs as the electronics giant is preparing to launch 5G services which require fast data processing. 

Wed, 17 Oct 2018 04:29:30 GMT

Honda Aircraft expects rise of jet deliveries in 2019

On Tuesday, the Chief Executive of Honda Aircraft Michimasa Fujino claimed that a company is expecting the rise of aircraft deliveries in the next year with the estimated amount of orders over 50 units.

Wed, 17 Oct 2018 02:39:40 GMT

Australia says trade deal with Indonesia is on track

On Wednesday, the Prime Minister of Australia Scott Morrison claimed that a $1B trade agreement between Australia and Indonesia will be signed in 2019.

Wed, 17 Oct 2018 02:36:03 GMT

IMF Managing Director Lagarde to not attend Saudi investment conference

On Tuesday, the Managing Director of the International Monetary Fund Christine Lagarde claimed that she will postpone her Middle East trip and will not attend Saudi Arabia's investment conference.

Tue, 16 Oct 2018 20:29:33 GMT

IBM misses revenue forecasts, as server sales weaken

International Business Machines missed Wall Street forecasts for the Q3 revenue, weighed down by weakening demand for mainframe servers, with overall revenue falling 2.1% to $18.76B.

Tue, 16 Oct 2018 20:27:02 GMT

Railroad operator CSX's quarterly profit tops Wall St. target

CSX reported the quarterly profit above Wall Street's estimates, as the one of the biggest railroad operator in the US benefited from volume increase, ongoing cost-cutting and rising prices for transporting freight.

Tue, 16 Oct 2018 19:28:37 GMT

Walmart CEO indicates new company culture, diminishes profit projection

The CEO of Walmart urged investors to revise the view of the company's business, touting tech investments to increase online sales, while Walmart was battling Amazon.com for market share.

Tue, 16 Oct 2018 19:25:50 GMT

Dell sticks to plan of going public

Dell Technologies stated that it was sticking to plans to go public via buying back the tracking stock, a day after an investor Carl Icahn opposed the company's move.

Tue, 16 Oct 2018 18:08:23 GMT

US industrial production rises in September

The US industrial output increased for a fourth month in succession in September, supported by gains in mining and manufacturing production, but momentum slowed markedly in the Q3.

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