Business

Blackberry Ups Outlook, Adjusted Earnings Beat; Shares Rise

BlackBerry Ltd (BB.TO)(BBRY.O) on Tuesday posted an adjusted profit that beat expectations even as revenue dropped sharply, as the software growth it is relying on failed to fully make up for its retreat from handsets and lost service fees. The...

Russia Central Bank Says Deutsche Bank Employee Manipulated Markets

Russia's central bank said on Tuesday that a banker at Deutsche Bank's (DBKGn.DE) Russian branch had manipulated markets by conducting 300 billion rubles ($4.87 billion) of trades with relatives over two and a half years. The central bank said the...

EU Accuses Facebook Of Giving Misleading Information During Whatsapp Takeover

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The European Commission has charged Facebook Inc with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover. The statement of objections sent to Facebook...

Oil Prices Rise On More Balanced Market, Weaker Dollar

Oil prices rose on Monday as a weaker dollar and the delay of new Libyan oil exports boosted benchmarks, amid expectations of tighter crude supply going into 2017. Brent crude futures traded at $55.47 per barrel at 0946 GMT, up...

Apple To Appeal EU Tax Ruling This Week, Says It Was A ‘Convenient Target’

Apple (AAPL.O) will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Apple's...

Yahoo Security Problems A Story Of Too Little, Too Late

In the summer of 2013, Yahoo Inc launched a project to better secure the passwords of its customers, abandoning the use of a discredited technology for encrypting data known as MD5. It was too late. In August of that year,...

As Yuan Weakens, Chinese Rush To Open Foreign Currency Accounts

Zhang Yuting lives and works in Shanghai, has only visited the United States once, and rarely needs to use foreign currency. But that hasn’t stopped the 29-year-old accountant from putting a slice of her bank savings into the greenback. She...

Google Extends Conservative Outreach As Trump Calls Tech Meeting

Alphabet’s Google is racing to hire more conservatives for its lobbying and policy arm, trying to get a foothold in President-elect Donald Trump’s Washington after enjoying a uniquely close relationship with the administration of President Barack Obama. In the weeks...

Exclusive: Maersk, DONG Oil And Gas Merger Talks Stall – Sources

Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday. The breakdown...

Manhattan Apartment Sales Prices Top $2 Million For First Time: Survey

The average sales price of an apartment in Manhattan is expected to top $2 million this year for the first time, but prices are seen leveling off in 2017 after nearly doubling over the past decade. Prices were pushed higher...