U.S. Justice Department launches antitrust review of big tech firms
The U.S. Justice Department said on Tuesday it was opening an investigation of major digital tech firms on whether they engage in anticompetitive practices.
The U.S. Justice Department said on Tuesday it was opening an investigation of major digital tech firms on whether they engage in anticompetitive practices.
Texas Instruments Inc beat Wall Street estimates for quarterly profit and revenue on Tuesday, signaling a relief against the backdrop of a global slowdown in demand for microchips and sending its shares up 6% in extended trading.
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.
Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.
China's campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks' reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.
United Parcel Service Inc next year will join rival FedEx Corp in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Amazon.com Inc .
Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.
A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing.
Chipotle Mexican Grill Inc's aggressive push into online orders, amped up ads around fresh ingredients and the addition of healthier meals helped the burrito chain post its highest sales growth at established restaurants in over two years.
Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.
Nissan Motor Co is planning to cut more than 10,000 jobs globally as part of efforts to turn around its business, a person familiar with the matter said on Wednesday.
Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.
Oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in U.S. inventories, while the U.S. Navy said it may have downed a second Iranian drone last week.
Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.