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REUTERS
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REUTERS
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Samsung Electronics to invest $9.6 billion annually in logic chips until 2030
Samsung Electronics said on Wednesday that it would invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business.
REUTERS
Adding to Ghosn woes, Nissan set to further slash profit outlook: report
Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France's Renault SA.
REUTERS
Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan
Didi Mobility Japan, a joint venture (JV) by China's Didi Chuxing and SoftBank Corp, said on Wednesday that it would expand its taxi-hailing service to 13 cities across Japan.
1 h
REUTERS
Tesla upgrades Model S, X cars, brings backs cheaper variants
Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed.
2 h
REUTERS
SoftBank Group looks to buy 5 pct of payment firm Wirecard: Bloomberg
Japan's SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter.
3 h
REUTERS
Adding to Ghosn woes, Nissan set to slash outlook: report
Nissan Motor Co Ltd will announce on Wednesday a large-scale cut to its earnings outlook for the fiscal year that ended in March, TV Tokyo reported, adding to the company's woes as it grapples with the arrest of former Chairman Carlos Ghosn.
4 h
REUTERS
Record closing highs for S&P 500, Nasdaq
The S&P 500 index and the Nasdaq registered record closing highs after a broadbased Wall Street rally on Tuesday, as a number of better-than-expected earnings reports eased concerns about a slowdown.
4 h
REUTERS
PG&E get approval to pay employees $350 million to meet safety goals after wildfires
PG&E Corp can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider's safety goals to prevent wildfires, a judge said on Tuesday.
5 h
REUTERS
UPDATE 2-Trump complained to Twitter CEO about lost followers -source
U.S. President Donald Trump met with Twitter Inc's Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he has lost some Twitter followers, a person briefed on the matter said.
6 h
REUTERS
Boeing sees FAA approving software fix in May, MAX ungrounding in July - sources
Boeing Co has told some 737 MAX owners it is targeting U.S. Federal Aviation Administration approval of its software fix as early as the third week of May and the ungrounding of the aircraft around mid-July, two sources told Reuters.
6 h
REUTERS
EBay raises forecast as redesign draws customers, boosts ad revenue
EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue.
6 h
REUTERS
Walgreens, Rite Aid set minimum age to sell tobacco products at 21 years
Drugstore retailers Walgreens Boots Alliance Inc and Rite Aid Corp will no longer sell tobacco products to customers who are below 21 years old, amid a crackdown on widespread teenage tobacco use.
6 h
REUTERS
UPDATE 1-U.S. congressional leaders query Google on tracking database
The top Democrats and Republicans on the U.S. House Energy and Commerce Committee on Tuesday wrote Google Chief Executive Sundar Pichai raising concerns about reports of a massive database known as Sensorvault containing precise consumer location information on hundreds of millions of devices.
6 h
REUTERS
CBS suspends CEO search, fuelling Viacom merger expectations
CBS Corp on Tuesday said it had suspended its search for a new chief executive and extended the role of its interim CEO Joseph Ianniello until the end of the year, renewing speculation the U.S. media company will seek to merge with peer Viacom Inc.
7 h
REUTERS
Morgan Stanley shuffles jobs for wealth management executive
Morgan Stanley's Shelley O'Connor, one of two co-heads of the wealth management business, was named on Tuesday to lead two of the bank's regulated entities, according to an internal memo seen by Reuters.
7 h
REUTERS
All Wells Fargo directors elected as hecklers call executives 'frauds'
Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members.
7 h
REUTERS
Texas Instruments says slowdown in chip demand may continue; shares fall
Chipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips that started late last year may last a few more quarters. The warning from the company, often seen as a bellwether for a semiconductor industry, dragged its shares 3 percent lower to $113.88.
7 h
REUTERS
Snapchat lures in users with new shows
Snap on Tuesday beat Wall Street targets for quarterly revenue as its photo-messaging app Snapchat added users for the first time in three quarters, backed by the popularity of its original shows and the launch of a new Android app.
7 h
REUTERS
Lawyer for Platinum founder says investors knew and accepted risks
Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of criminal fraud charges.
7 h
REUTERS
Mnuchin says he cannot meet deadline to turn over Trump tax returns to House panel
U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump's tax returns "until it is determined to be consistent with law."
7 h
REUTERS
UPDATE 1-Trump, Twitter CEO chat at White House after fresh attack on social media giant
U.S. President Donald Trump met with Twitter Inc's Chief Executive Jack Dorsey on Tuesday, hours after attacking the social media company over his claims it is biased against conservatives.
8 h
REUTERS
Rally back to record due in part to Fed -Oppenheimer's Leger
Reduced worries about earnings season and a Federal Reserve perceived to be more accommodating are reasons behind the rebound that's lead to a record high close for the S&P 500, says Oppenheimer Funds' Talley Leger. Conway G. Gittens reports.
8 h
REUTERS
EBay's strong quarter, robust forecast send shares 5% higher
EBay Inc beat analysts' quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company's multi-year effort to make its ecommerce platforms more user friendly attracts more customers.
8 h
REUTERS
CBS suspends search for CEO, says Ianniello to stay till December 31
CBS Corp said on Tuesday decided to suspend its search for a chief executive officer and said acting CEO Joseph Ianniello will continue in his role till the end of the year.
8 h
REUTERS
Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains
Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged.
8 h
REUTERS
Texas Instruments revenue, profit beat estimates; shares rise
Chipmaker Texas Instruments reported better-than-expected first-quarter profit and revenue on Tuesday, offering hope that a slowdown in demand for microchips late last year may not be as long-lasting as feared.
8 h
REUTERS
Texas Instruments quarterly revenue beats estimates, shares up
Chipmaker Texas Instruments reported better-than-expected first-quarter revenue on Tuesday, sending its shares up 5 percent after the bell.
8 h
REUTERS
UPDATE 1-FAA paves way for Alphabet unit to make first U.S. drone deliveries
Alphabet Inc's Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S. air carrier certification, the Federal Aviation Administration said.
9 h
REUTERS
UPDATE 1-U.S. accuses pair of stealing secrets, spying on GE to aid China
A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, according to an indictment unsealed by the U.S. Justice Department on Tuesday.
REUTERS
UPDATE 4-Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise
Strong demand for Coca-Cola Co's zero-calorie drink Coke Zero Sugar, new orange-vanilla cola and flavored waters pushed the beverage maker's quarterly sales and profit well above Wall Street estimates, sending its shares up as much as 3 percent on Tuesday.
REUTERS