Business

Trump Backs New York In Bourses’ Battle For Saudi Aramco Listing

Intervening in a battle among the world’s top stock exchanges to list shares of national oil giant Saudi Aramco, U.S. President Donald Trump publicly appealed on Saturday for Riyadh to choose New York, saying it was in the U.S....

Broadcom Plans Record Tech Deal With Qualcomm Bid

Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the...

Amazon Allowed By Law To Undercut Australian Businesses: Regulator

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Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday. Australian Competition and Consumer Commission Chairman Rod Sims...

Anthem CEO Joseph Swedish To Step Down, Gail Boudreaux To Succeed: WSJ

U.S. health insurer Anthem Inc’s (ANTM.N) Chief Executive Joseph Swedish will step down and be succeeded by industry veteran Gail Boudreaux, the Wall Street Journal reported on Friday, citing people with knowledge of the matter. It is unclear how quickly...

Twitter Nears First Profitable Quarter As It Slashes Expenses, Shares Jump

Twitter Inc said on Thursday it could turn its first ever profit in the fourth quarter, after making sweeping cuts in expenses the past few months and finding sources of revenue beyond the advertising that dominates social media. Shares of...

Wal-Mart Launches Shelf-Scanning Robots In About 40 Stores

Wal-Mart Stores Inc will roll out shelf-scanning robots in approximately 40 stores to replenish inventory faster on its shelves and save store employees time when products run out. The company has been piloting such robots in a handful of stores. “If...

Apple, Volkswagen, BMW Warn EU Over Patent Fees Guidelines

Apple (AAPL.O), Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) have warned EU regulators that adopting patent fee guidelines which favor Qualcomm (QCOM.O) and Ericsson (ERICb.ST) could hurt consumers and hinder innovation. The companies’ lobbying group, the Fair Standards Alliance (FSA),...

Cisco Buys Broadsoft For $1.71 Bln In Software Push

Cisco Systems Inc (CSCO.O) will buy software company BroadSoft Inc (BSFT.O) for $1.71 billion, it said on Monday, in a deal that boosts Cisco’s collaboration tools and helps the company diversify its offerings away from switching and routing. Shares in...

Nigeria Plans Record Budget Of 8.6 Trillion Naira In 2018 -Fiscal Paper

Nigeria plans to increase its budget to a record 8.6 trillion naira ($27.34 billion) in 2018, up 15.5 percent from this year to stimulate growth, according to a draft budget document seen by Reuters on Thursday. The country, which has...

Johannesburg Stock Exchange Also Suspends Trading Of Oando Shares

BEVERLY HILLS, October 19, (THEWILL) - Barely a day after the Nigerian Stock Exchange, NSE, suspended trading on the shares of Oando Plc, the Nigerian oil company on Thursday suffered the same fate at the Johannesburg Stock Exchange, JSE. Nigeria’s...