Business

UPS CEO Seeing Greater Commitment From Obama Administration On TPP Deal

The top executive at United Parcel Service Inc (UPS.N) said on Thursday he is seeing a greater commitment from President Barack Obama's administration on getting the Trans Pacific Partnership (TPP) deal completed despite negative election campaign rhetoric about free...

Twitter Axes Vine Video Service

Twitter has announced it is to close its video sharing service Vine about four years after it launched. Vine let people share six-second-long video clips that played on a loop. Twitter did not give a reason for the closure, but earlier...

Qualcomm To Buy NXP For $38 Billion In Biggest Chip Deal

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Smartphone chipmaker Qualcomm Inc (QCOM.O) agreed to buy NXP Semiconductors NV (NXPI.O) for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. The acquisition will also help...

In China, Some Apple Users Opt For Iphone Makeover Rather Than Buy New

Some Chinese iPhone owners are giving their old models a makeover to look like the latest iPhone 7, rather than buying new - a trend that could dent Apple Inc's efforts to boost sales in what has been its...

Clouds Gather In Rooftop Solar’s Biggest U.S. Market

For years, the quiet, winding streets of the Scripps Ranch neighborhood have been pure gold for solar installers. Thanks to its high power prices, hot summers and large homes to cool, a greater share of Scripps Ranch residents have embraced...

Tata Sons Former Boss Says Group Could See $18 Billion In Writedowns

Group companies in the salt-to-software Tata Sons conglomerate faces potential writedowns to the tune of close to $18 billion due to investments in unprofitable businesses, according to an internal letter that ousted Chairman Cyrus Mistry sent to the company's...

Coca-Cola’s Revenue Beats On Higher Soda Prices In North America

Coca-Cola Co (KO.N) reported better-than-expected quarterly revenue, helped by higher prices for sodas and strong demand for water and sports drinks in North America. The world's largest beverage maker has relied on higher pricing, smaller pack sizes and premium packaging...

Comcast Posts Higher Third-Quarter Revenue, Adds Video Customers

Pay-TV operators have been competing against streaming video services, such as Netflix Inc (NFLX.O), which have been luring customers away from cable and satellite TV with lower-priced offerings. To tackle the threat, Comcast has been expanding its internet business...

BlackBerry Unveils Last In-House Phone Before Calling It Quits

BlackBerry Ltd. showed off the last phone it will market itself before completely outsourcing design, production and distribution to partners: A 5.5-inch touchscreen device that rivals the size of the iPhone 7 Plus and Google Pixel XL, but at...

General Motors Beats Earnings Expectations, Investor Fears Linger

General Motors Co shares fell over 3 percent on Tuesday despite better-than-expected third-quarter results amid fears that a slowdown in U.S. vehicle sales and currency turmoil in Europe will undercut future profits. GM Chief Financial Officer Chuck Stevens told reporters...