Business News

Samsung in talks with ZTE, others to supply mobile processor chips: executive

HWASEONG, South Korea (Reuters) - Samsung Electronics is in talks with several smartphone makers including China’s ZTE to supply mobile processor chips, a senior executive said, a move that will bring it in more direct competition with larger rival Qualcomm. FILE PHOTO: Samsung Electronics' Exynos 9 series mobile processor chips are seen in this undated handout picture provided by Samsung on May 14, 2018. Samsung ...

15 May 11:04 AM 0 Read More...

Home Depot misses comparable-sales estimates as spring traffic dips

(Reuters) - Home Depot Inc’s (HD.N) sales at established stores missed Wall Street forecasts for the first time in seven quarters, as cooler weather in some U.S. states led to a slower-than-expected start to the spring selling season. FILE PHOTO: A Home Depot store is shown in the Little Havana neighborhood in Miami, Florida, September 18, 2015. REUTERS/Joe Skipper/File Photo Shares of the No...

15 May 11:04 AM 0 Read More...

Asia stocks pull back after soft China data; oil higher

TOKYO (Reuters) - Asian stocks pulled back on Tuesday, brushing off a firmer lead from Wall Street, as investors turned cautious after soft Chinese economic data and awaited fresh developments on U.S.-China trade talks and North Korea. People look at trading boards at a private stock market gallery in Kuala Lumpur, Malaysia May 14, 2018. REUTERS/Stringer Crude oil prices held near 3-1/2-year highs on supply concerns,...

15 May 6:04 AM 0 Read More...

Asia stocks step back on tepid Wall Street, oil elevated

TOKYO (Reuters) - Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from U.S.-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs. People look at trading boards at a private stock market gallery in Kuala Lumpur, Malaysia May 14, 2018. REUTERS/Stringer MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped...

15 May 1:04 AM 0 Read More...

Study finds Uber’s growth slows after year of scandal; Lyft benefits

SAN FRANCISCO (Reuters) – Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday. The Uber logo is displayed on a screen during the Women In The World Summit in New York City, U.S., April 12, 2018. REUTERS/Brendan McDermid The research fi...

14 May 11:49 PM 0 Read More...

U.S. small caps near record highs, outperform larger rivals

SAN FRANCISCO (Reuters) - Wall Street’s modestly-sized publicly listed companies are beating out the heavyweights. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., May 14, 2018. REUTERS/Lucas Jackson The Russell 2000 , which tracks U.S. small capitalization companies, on Monday slipped 0.2 percent, but earlier in the session rose to within less than two ...

14 May 7:59 PM 0 Read More...

After Trump pledge to help China's ZTE, Commerce eyes changes

WASHINGTON (Reuters) - The U.S. Commerce Department is exploring “alternative remedies” to punish Chinese telecommunication company ZTE Corp for flouting U.S. sanctions on trade with Iran after President Donald Trump intervened, Commerce Secretary Wilbur Ross said on Monday. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. REUTERS/Stringer But enforcement of the sanction...

14 May 7:59 PM 0 Read More...

Home Depot well placed to withstand 'Amazon effect,' investors say

NEW YORK (Reuters) - Home Depot Inc (HD.N) shares have climbed with the approach of spring weather, as some investors believe the retailer is well positioned to fend off the competitive threat of online retailers as the peak season for home improvement begins. FILE PHOTO: A Home Depot store is shown in the Little Havana neighborhood in Miami, Florida, September 18, 2015. REUTERS/Joe Skipper/File Photo Hom...

14 May 7:59 PM 0 Read More...

CBS sues controlling Redstone family in bid for independence

(Reuters) - CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc, the movie theater company owned by Sumner and Shari Redstone, in an act of defiance aimed at thwarting the Redstones’ plan to merge CBS with Viacom Inc. CBS said in its lawsuit it is seeking to prevent the Redstones from ousting any directors or changing the company’s bylaws before its fu...

14 May 7:59 PM 0 Read More...

Wall St. pares gains as defensive stocks offset trade optimism

NEW YORK (Reuters) - Wall Street edged higher after pulling back from stronger gains on Monday as weakness in defensive stocks offset trade optimism after U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp indicated easing U.S.-China trade tensions. FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust on the floor of the New York Stock Exchange (NYSE) in New York, U....

14 May 7:59 PM 0 Read More...