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Red Hat jumps, IBM shares dip on cloud mega-merger

October 29, 2018 by  
Filed under News

IBM Corp’s $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker about 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids.


Source: Reuters Business News

Google seeks to grant $25 million to AI for 'good' projects

October 29, 2018 by  
Filed under News

Alphabet Inc’s Google announced on Monday that it would grant about $25 million globally next year to humanitarian and environmental projects seeking to use artificial intelligence (AI) to speed up and grow their efforts.


Source: Reuters Business News

S&P 500 rebounds, helped by financials; Nasdaq in check

October 29, 2018 by  
Filed under News

The S&P 500 and the Dow industrials rebounded on Monday, helped by gains in lagging financial shares, but declines for big tech and Internet stocks kept the Nasdaq in check as investors grappled with a recent spike in market volatility.


Source: Reuters Business News

Airbus 2018 delivery goal questioned by analysts ahead of results

October 29, 2018 by  
Filed under News

Airbus will have to equal a record final quarter for deliveries if the European planemaker is going to meet its overall 2018 targets following a series of production setbacks.


Source: Reuters Business News

China's OnePlus, backed by Qualcomm and T-Mobile, launches smartphone in U.S.

October 29, 2018 by  
Filed under News

A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the U.S. market on Monday with the backing of two key local allies: chipmaking giant Qualcomm and mobile operator T-Mobile.


Source: Reuters Business News

IBM nears deal to acquire software company Red Hat: sources

October 28, 2018 by  
Filed under News

IBM Corp is nearing an agreement to acquire software company Red Hat Inc in a deal that could exceed $30 billion and help diversify its business away from technology hardware and consulting, people familiar with the matter said on Sunday.


Source: Reuters Business News

Ryanair shareholder calls for chairman's ouster

October 28, 2018 by  
Filed under News

Britain’s Local Authority Pension Fund Forum (LAPFF), which represents funds that own a combined 1 percent of Ryanair, on Sunday said it planned to file resolutions at the company’s next annual general meeting to replace Chairman David Bonderman.


Source: Reuters Business News

UBS may seek clearance to sell more products to U.S. ex-pats in Switzerland

October 28, 2018 by  
Filed under News

Swiss bank UBS may ask U.S. regulators to expand its license to sell more complex products and sophisticated investment advice to wealthy Americans living in Switzerland as it seeks to woo U.S. taxpayers abroad for growth. In an interview published on Sunday, Chief Executive Sergio Ermotti told Swiss newspaper SonntagsZeitung that UBS currently cannot sell some products and investments to U.S. taxpayers in Switzerland.


Source: Reuters Business News

France will ask auto makers to fund new car trade-in payments

October 28, 2018 by  
Filed under News

France will ask carmakers on Monday to help fund an expanded trade-in program to get older, polluting cars off the road with incentives for new ones, the French finance minister told daily Le Parisien on Sunday.


Source: Reuters Business News

Tesla's Elon Musk says tweet that led to $20 million fine 'Worth It'

October 27, 2018 by  
Filed under News

Tesla Inc Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and Exchange Commision was “Worth It”.


Source: Reuters Business News

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