Business News

Kaspersky Lab to withdraw Microsoft antitrust complaints

SAN FRANCISCO (Reuters) - Moscow-based cyber security firm Kaspersky Lab said on Wednesday it would withdraw antitrust complaints made in Europe against Microsoft after the U.S. technology giant agreed to change how it delivers security updates to Windows users. Both companies simultaneously announced a resolution to nearly a year of disputes that included Kaspersky alleging that Microsoft had erected unfair obstac...

10 Aug 6:24 AM 0 Read More...

Asia stocks steady, Treasury prices off highs as risk aversion settles

TOKYO (Reuters) - Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood little changed after dropping 0.6 percent the previous day. Japan's Nikkei .N225 rose 0.2 percent and Australian shares ...

10 Aug 1:21 AM 0 Read More...

Twenty-First Century Fox revenue misses, profit tops estimates

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc's quarterly profit edged past analysts' estimates, but revenue fell just short of expectations, hurt by the lack of box office hits from its movie studio. The media company, which is seeking regulatory approval to completely buy out Sky Plc, said revenue at its filmed entertainment division fell 11.5 percent to $1.80 billion in the fourth quarter. Fox...

10 Aug 1:21 AM 0 Read More...

Wall Street ends off lows as traders buy North Korea dip

NEW YORK (Reuters) - U.S. stocks closed barely down on Wednesday as investors appeared to turn their focus away from North Korea-related geopolitical tension that weighed on equities for most of the session. The Dow Jones Industrial Average .DJI fell 36.64 points, or 0.17 percent, to 22,048.7, the S&P 500 .SPX lost 0.9 points, or 0.04 percent, to 2,474.02 and the Nasdaq Composite .IXIC dropped 18.13 points, or 0....

09 Aug 8:21 PM 0 Read More...

Twenty-First Century Fox posts 1.5 percent rise in quarterly revenue

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc (FOXA.O) reported a 1.5 percent rise in quarterly revenue, boosted by its cable business. The owner of Fox News and 20th Century Fox movie studio said revenue increased to $6.75 billion in the fourth quarter ended June 30 from $6.65 billion a year earlier. Net income attributable to shareholders fell to $476 million, or 26 cents per share, from $567 m...

09 Aug 8:21 PM 0 Read More...

Exclusive: Tesla developing self-driving tech for semi-truck, wants to test in Nevada

SAN FRANCISCO (Reuters) - Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV), seen by Reuters. Meanwhile, California officials are meeting with Tesla ...

09 Aug 8:21 PM 0 Read More...

Amazon sued by transgender woman, husband for workplace harassment

(Reuters) - A transgender woman and her husband sued Amazon.com Inc (AMZN.O) on Wednesday, accusing the company of subjecting them to severe harassment and physical threats when they both worked at the retailer's warehouse in Kentucky. A group representing the couple said their case was striking given the Seattle-based company's vocal support of LGBT rights. The lawsuit filed in federal court in Kentucky said Allegra...

09 Aug 8:21 PM 0 Read More...

Wall Street opens lower as tensions with North Korea escalate

(Reuters) - U.S. stock indexes opened lower on Wednesday as investors turned risk averse following rising tensions between North Korea and the United States. North Korea said it was considering plans to fire missiles at Guam, a U.S.-held Pacific island, after President Donald Trump on Tuesday warned the nuclear-armed nation that it would face "fire and fury" if it threatened the United States. Safe-haven assets gaine...

09 Aug 3:19 PM 0 Read More...

Trump's 'fire and fury' warning hits stocks, lifts yen and gold

LONDON (Reuters) - President Donald Trump's warning North Korea faced "fire and fury" and Pyongyang's response it was considering an attack on Guam drove investors out of stocks on Wednesday and into the safety of the yen, Swiss franc, gold and government debt. European shares fell, following falls in Asia and on Wall Street. U.S. stock index futures also fell, with the S&P 500 indicated to open down 0.4 percent....

09 Aug 10:14 AM 0 Read More...

Shares, dollar slip as U.S.-North Korea tensions escalate

TOKYO (Reuters) - Asian shares and U.S. stock futures slipped on Wednesday and investors piled into havens such as U.S. Treasuries, gold and the yen as tensions on the Korean peninsula escalated, with Pyongyang saying it is considering plans to attack Guam. A spokesman for the Korean People's Army said in a statement that it was "carefully examining" plans for a missile attack on the U.S. Pacific territory, which has...

09 Aug 5:10 AM 0 Read More...