Zynga buys Empires & Puzzles gamemaker in largest deal to date
(This story corrects paragraph 7 to say Zynga acquired a unit of Peak Games, and not the entire company. The error also appeared in an earlier version) The Zynga logo…
Evofem shares surge as contraceptive gel meets late-stage trial goal
(Reuters) – Shares of Evofem Biosciences Inc jumped as much as 38 percent on Monday after its birth control gel showed effectiveness in a late-stage study, bringing the first hormone-free…
Verizon takes billions in charges for Oath, voluntary buyouts
The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Reuters) – Verizon Communications Inc (VZ.N) said Tuesday it…
Unilever CEO retires after headquarters row, replaced by insider Jope
LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job, leaving insider Alan Jope to step into his shoes after…
United Technologies to separate into three companies
(Reuters) – United Technologies Corp (UTX.N) said on Monday it would separate into three companies consisting of its aerospace, elevators and building divisions, making it the latest industrial conglomerate to…
Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter
NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited…
Alphabet misses Wall Street revenue estimates; shares fall
(Reuters) – Google parent Alphabet Inc (GOOGL.O) on Thursday missed analysts’ quarterly revenue estimates for the first time in at least two years and reported continuing erosion of its operating…
Verizon beats Wall Street estimates, shares hit 18-year high
(Reuters) – Verizon Communications Inc (VZ.N) reported quarterly profit and net new phone subscribers well ahead of Wall Street estimates on Tuesday, as customers took advantage of its subsidies for…
Netflix adds to growing debt pile with $2 billion bond issue
(Reuters) – Netflix Inc (NFLX.O) announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer…
Philips CEO says Brexit putting Britain at risk as manufacturing hub
AMSTERDAM (Reuters) – The chief executive of Philips (PHG.AS) said on Monday he was worried about the lack of progress on a deal over the terms of Britain’s exit from…