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Microsoft expands rural U.S. campaign with Green Bay Packers tie-up

October 19, 2017 by  

SAN FRANCISCO (Reuters) – Microsoft Corp has teamed up with the National Football League’s Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.


Source: Reuters Business News

Tesla's Model 3 gets an 'average' as new tech dents auto reliability: Consumer Reports

October 19, 2017 by  

DETROIT (Reuters) – Tesla Inc’s new Model 3 sedan is likely to have “average” reliability despite production snags because it uses older technology rather than newer innovations that are causing problems for automakers, Consumer Reports magazine said on Thursday.


Source: Reuters Business News

Target CEO says small-format stores twice as productive as traditional

October 19, 2017 by  

NEW YORK (Reuters) – Sales per square foot at Target Corp’s 44 small-format stores are “easily double” that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.


Source: Reuters Business News

Apple drags down Wall Street from record highs

October 19, 2017 by  

(Reuters) – Losses in Apple stalled Wall Street’s record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.


Source: Reuters Business News

GM to settle state ignition claims for $120 million

October 19, 2017 by  

WASHINGTON (Reuters) – General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.


Source: Reuters Business News

Viacom, Charter deal to include eight networks in basic package: source

October 18, 2017 by  

(Reuters) – Viacom Inc and Charter Communications Inc have agreed to a distribution deal that puts eight of Viacom’s most popular networks in Charter’s cheapest U.S. cable bundle, a source told Reuters on Wednesday.


Source: Reuters Business News

Native American tribe holding patents sues Amazon and Microsoft

October 18, 2017 by  

(Reuters) – A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm.


Source: Reuters Business News

Dow stays above 23,000-mark on IBM surge

October 18, 2017 by  

(Reuters) – The Dow Jones Industrial Average rallied above the 23,000-mark on Wednesday, propelled by IBM’s 9 percent surge after the computing giant hinted a return to revenue growth.


Source: Reuters Business News

McDonald's South Korea office raided in burger probe: reports

October 18, 2017 by  

SEOUL (Reuters) – South Korean investigators raided the Seoul office of McDonald’s Corp on Wednesday following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said.


Source: Reuters Business News

UPS CEO says updated NAFTA better for economy than no trade treaty

October 18, 2017 by  

DETROIT (Reuters) – The top executive of United Parcel Service Inc said on Wednesday he is optimistic the U.S., Canadian and Mexican governments can successfully renegotiate NAFTA, and said not having a free trade agreement in place would not be good for the three countries’ economies.


Source: Reuters Business News

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