Trade tensions may power down China’s robot industry
BEIJING (Reuters) – At a trade show in southern Beijing, children and parents crowd around a group of pink and blue dancing robots that resemble toddler-sized Power Rangers. The robots…
Alibaba revenue beats, but investments prolong margin squeeze
BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh…
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk’s proposed $72 billion deal to take the…
Viacom shares gain as ‘Mission Impossible’ powers Paramount
(Reuters) – Viacom Inc’s (VIAB.O) quarterly profit beat analysts’ estimates and the media company forecast a strong current quarter, boosted by the success of its movie “Mission: Impossible – Fallout”.…
U.S. argues judge failed to take its arguments into account in AT&T trial
WASHINGTON (Reuters) – The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s (T.N) purchase of Time Warner failed to take into account how companies…
Huawei in British spotlight over use of U.S. firm’s software
LONDON/SAN FRANCISCO (Reuters) – Huawei Technologies is facing increased scrutiny in Britain because it is using an aging software component sold by a firm based in the United States, one…
Nokia reiterates outlook after announcing $3.5 billion deal with T-Mobile
HELSINKI (Reuters) – Nokia (NOKIA.HE) reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with T-Mobile (TMUS.O). “The outlook provided in the Nokia Financial Report…
Nokia, T-Mobile US agree $3.5 billion deal, world’s first big 5G award
LONDON (Reuters) – T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G…
AT&T CEO confident Time Warner deal on solid ground
(Reuters) – The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move…
SoftBank tightens grip on Yahoo Japan via $2 billion deal with Altaba
TOKYO (Reuters) – SoftBank Group (9984.T) is increasing its stake in Yahoo Japan (4689.T) through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) to deepen ties with the…