Apple is almost a $1 trillion company, but watch out for Amazon
SAN FRANCISCO (Reuters) – Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but…
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take…
Crypto concerns push Nvidia shares lower
(Reuters) – Shares of Nvidia Corp (NVDA.O) fell 2 percent on Friday as investors worried that a short-term surge in…
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) will pay $16 billion for a roughly 77 percent stake in Indian e-commerce…
Updated Google virtual assistant makes complex calls for users
MOUNTAIN VIEW, Calif.(Reuters) – Alphabet Inc’s (GOOGL.O) Google on Tuesday showed off an updated virtual assistant that can call restaurants,…
Lack of Wall Street back-office deters mainstream crypto investments
NEW YORK (Reuters) – Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have…
Exclusive: Hudson’s Bay seeks to revive Lord & Taylor’s fortunes
(Reuters) – Hudson’s Bay Co (HBC.TO) is working with investment bankers and consultants to identify deals and new measures to…
Buffett craves more Apple shares, endorses its buybacks
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested…
Amazon unsuccessfully approached UK supermarket Waitrose in 2017: Sunday Times
LONDON (Reuters) – Amazon (AMZN.O) made an unsuccessful informal attempt to buy upmarket British supermarket chain Waitrose late last year,…
Buffett draws them in even as Berkshire comes up short
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street,…
Britain’s Sainsbury’s and Asda agree 13.3-billion-pound merger
LONDON (Reuters) – Sainsbury’s (SBRY.L) and Asda, the UK arm of Walmart (WMT.N), confirmed on Monday they had agreed a…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an…
Walmart attempts international turnaround with UK, India tie-ups
NEW YORK (Reuters) – Walmart Inc’s (WMT.N) urgency to stem market share losses to rivals around the world is driving…
Outrage breaks out after Whole Foods partners with Yellow Fever eatery
LOS ANGELES (Reuters) – Amazon.com’s Whole Foods Market sparked social media outrage after its newest store in its 365 grocery…
FDA cracks down on sales of Juul tobacco products to minors
(Reuters) – The U.S. Food and Drug Administration on Tuesday said it launched a crackdown on the sale of e-cigarettes…
South Dakota e-commerce sale tax fight reaches U.S. Supreme Court
WASHINGTON (Reuters) – A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state…
Facebook fuels broad privacy debate by tracking non-users
SAN FRANCISCO (Reuters) – Concern about Facebook Inc’s (FB.O) respect for data privacy is widening to include the information it…
Wall Street eyes earnings stabilizer after FAANG stocks wobble
(Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG…
Proxy adviser ISS recommends against five Equifax directors over cyberbreach
(Reuters) – Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote against the re-election of five Equifax Inc (EFX.N)…
Spotify puts bank IPO paydays under fund manager scrutiny
LONDON (Reuters) – After shaking up the music industry, Spotify (SPOT.N) is now prompting investors to question the value they…
Google poised to emerge unscathed from European antitrust crackdown
BRUSSELS/SAN FRANCISCO (Reuters) – The European Union’s top antitrust regulator, Margrethe Vestager, has made it her mission to stem alleged…
Facebook’s Zuckerberg faces Senate hearing but little hope for action
WASHINGTON (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday…
Netflix offering more than $300 million for billboard company: sources
(Reuters) – Netflix Inc (NFLX.O) is offering more than $300 million to buy a company that owns billboards across Los…
Trump taking ‘serious look’ at policy options on Amazon
Aboard Air Force One (Reuters) – U.S. President Donald Trump said on Thursday he would take a serious look at…
Facebook shares rise as Zuckerberg soothes investors
(Reuters) – Shares of Facebook Inc rose as much as 4.2 percent on Thursday after Chief Executive Officer Mark Zuckerberg…
Come for your drugs, leave with more shopping: Walmart’s new growth strategy?
(Reuters) – Walmart Inc’s (WMT.N) efforts to develop closer ties with health insurer Humana Inc (HUM.N), which came to light…
Fox’s Ingraham taking vacation as advertisers flee amid controversy
(Reuters) – Fox News show host Laura Ingraham announced on her show late Friday that she is taking the week…
Trump attacks Amazon, again, over U.S. postal rates
(Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the…
Come for your drugs, leave with more shopping: Walmart’s new growth strategy?
(Reuters) – Walmart Inc’s (WMT.N) efforts to develop closer ties with health insurer Humana Inc (HUM.N), which came to light…
Facebook’s Zuckerberg will not answer UK lawmakers’ questions over data scandal
LONDON (Reuters) – Facebook boss Mark Zuckerberg will not answer questions from British lawmakers over how millions of users’ data…
Twitter to ban crypto ads as online crackdown widens
LONDON (Reuters) – Twitter is to ban cryptocurrency advertising, joining Facebook and Google in a clampdown on the industry over…
China warns U.S. it will defend own trade interests
BEIJING (Reuters) – The United States has flouted trade rules with an inquiry into intellectual property and China will defend…
Spotify says about two million users suppressing ads without paying
(Reuters) – Music streaming service Spotify Technology SA said on Friday about 2 million of its non-paying users were suppressing…
U.S. lawmakers formally ask Facebook CEO to testify on user data
WASHINGTON (Reuters) – U.S. lawmakers on Friday formally asked Facebook Inc’s (FB.O) Mark Zuckerberg to explain at a Washington hearing…
Academic behind Facebook breach says political influence was exaggerated
LONDON (Reuters) – The consultancy at the center of a storm over Facebook (FB.O) data greatly exaggerated its role in…
Barack Obama in talks to create shows for Netflix: New York Times
(Reuters) – Former U.S. president Barack Obama is in advanced talks with Netflix Inc to produce a series of high-profile…