Doing the heavy lifting investors eye tech-tonic shifts Doing the heavy lifting investors eye tech-tonic shifts: Building on their traditional expertise in factory automation, the conglomerates’ digital divisions are adding cutting-edge software and systems that help customers design, build and test their products faster and more cheaply. In so doing […]
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Wall St. retreats from record as industrials tech lag Wall St. retreats from record as industrials tech lag: U.S. stocks declined on Monday as each of the major Wall Street indexes retreated from a record, weighed down by a drop in technology and industrial shares. General Electric (GE.N), down 6.3 […]
Apple Samsung face new iPhone damages trial Apple Samsung face new iPhone damages trial: U.S. District Judge Lucy Koh in San Jose, California issued her order late on Sunday, 10 months after the U.S. Supreme Court set aside a $399 million award against Samsung, whose devices include the Galaxy. The […]
Big money stays away from booming bitcoin Big money stays away from booming bitcoin: Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. […]
Asian shares hover near recent highs NZ dollar slips Asian shares hover near recent highs NZ dollar slips: The policies were seen as unfriendly to foreign investment and immigration, and could prove negative for the New Zealand dollar, given the country runs a current account deficit. The kiwi, the world’s […]
JPMorgan reaches beyond its branches with new mobile account app JPMorgan reaches beyond its branches with new mobile account app: The app, named Finn by Chase, allows people to use a phone to open a bank account, make deposits, issue checks, track spending and set up savings plans, bank officials […]
Asia shares camp near peaks markets ponder Xi’s speech Asia shares camp near peaks, markets ponder Xi’s speech: The twice-a-decade congress is expected to cement the power of President Xi Jinping, who kicked off the week-long event with a wide-ranging speech in which he said the market would be allowed […]
IBM beats revenue estimates hints at sales growth IBM beats revenue estimates hints at sales growth: Shares of the Dow component rose nearly 5.1 percent to $153.93 in extended trading on Tuesday. IBM has been focusing on cloud, cybersecurity and data analytics, or what the company calls its “strategic imperatives”, […]
Major Sears investor Berkowitz departs board Major Sears investor Berkowitz departs board: The decision by Berkowitz, the head of investor fund Fairholme Capital Management, was not the result of a disagreement over operations, policy or practices, Sears said in a statement. A fund managed by Fairholme Capital Management disposed of […]
HNA Group to invest $7.6 billion in tourism digital transformation China’s HNA Group Co Ltd [HNAIRC.UL] plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. Eric Tong, an HNA Group board member and Chairman of HNA Technology Group, told Reuters […]
