Financial News from Reuters

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  • Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures. The Nasdaq futures were up 1 percent and the S&P 500 0.3 percent. Sentiment on the tech sector brightened after Apple decided to buy back $30 …

  • The Facebook logo is pictured at the Facebook headquarters in Menlo Park

    Facebook Inc's (FB.O) mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 …

  • Zynga Inc (ZNGA.O) co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday and retreating to an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan. Zynga shares were up 5 percent in after-hours trading on Wednesday …

  • Britain's stock-market listed companies should be able to claw back bonuses paid to poorly performing executive board members, a regulator proposed on Thursday, mirroring steps already being taken by banks. The Financial Reporting Council (FRC) published how it plans to toughen its corporate governance code, a set of standards …

  • The iPhone maker's market value has stood high above most U.S. corporations' for a few years, yet Apple still isn't a component of that blue-chip stock benchmark. That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. A seven-for-one stock split that will chop the price to …

  • People wait on street in front of Apple store as they await sales of new iPad in Apple store in Munich

    Apple Inc has approved another $30 billion (17.8 billion pounds) in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called …

  • Warren Buffett, chairman of conglomerate Berkshire Hathaway (NYS:BRK.A), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt …

  • City workers head to work during the morning rush hour in London

    Employers from both services and manufacturing agreed a median 2.5 percent pay rise with staff in the first quarter, unchanged from the same period a year ago, according to Incomes Data Services (IDS). They employ staff on salaries benchmarked to the national minimum wage, which increased 1.9 percent in October. Retail …

  • The Jaguar logo is pictured at a Jaguar Land Rover showroom in Mumbai

    British car production returned to growth in March after some automakers completed retooling to make new models, an industry body said on Thursday, in another sign of momentum in the country's manufacturing sector. Output reached more than 142,000 units last month, an increase of 12 percent compared with March 2013, the …

  • Mexican billionaire Carlos Slim attends a presentation of a digital platform inside Soumaya museum in Mexico City

    VIENNA/MEXICO CITY (Reuters) - Mexico's Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas. Slim's telecoms group, America Movil (MEX:AMXL), …

  • The Facebook logo is pictured at the Facebook headquarters in Menlo Park

    Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 (37.57 pounds) in after-hours trading on Wednesday. Facebook said that mobile ads represented …

  • THE ASEAN DAILY- April 24 Reuters - 1 hour 35 minutes ago

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/ASEAN/ASEAN_Daily_Apr_24_2014.pdf If you would like to receive this newsletter through your email, please ...

  • Environmental groups urged the United States on Wednesday to drop a challenge to India's massive solar program and said the World Trade Organization case would only hurt the growth of renewable energy resources. The United States is taking action at the WTO over the domestic content requirements in India's program, which …

  • Shares of Xilinx, which also reported weaker-than-expected profit for the quarter ended March 29, were down 5 percent in extended trade. Xilinx said it expected first-quarter revenue to stay flat or rise up to 4 percent sequentially. Analysts on average were expecting revenue of $638.4 million, according to Thomson Reuters …

  • GE in talks to buy France's Alstom - Bloomberg Reuters - 1 hour 49 minutes ago
    A General Electric Company (GE) logo is seen on a toggle switch package in New York

    It said the deal would give GE control of Alstom's high-speed TGV trains and rail-signal technology and that the move had the support of Bouygues (PAR:EN), Alstom's biggest shareholder with a 29 percent stake. An Alstom spokeswoman denied the report, saying "these are totally unfounded rumours". Alstom has been hit hard …

  • The Apple logo is pictured on the front of the company's flagship retail store near signs for the central subway project in San Francisco, California

    Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called on the iPhone maker …

  • A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus

    Qualcomm Inc (NSQ:QCOM - News) on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower. With expansion in the smartphone industry moving away from wealthy markets such as the United States and toward …

  • A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration

    Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 percent …

  • The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. Somali pirates help choose their targets by viewing navigational data online, prompting ships to either turn off their navigational devices, or fake the data so it looks like …

  • Apple expands buybacks by $30 billion Reuters - 2 hours 44 minutes ago
    People wait on street in front of Apple store as they await sales of new iPad in Apple store in Munich

    Apple Inc (AAPL.O) has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called on the iPhone …

  • (Reuters) - ServiceNow Inc (NOW.N), which makes software to automate and manage IT services, forecast second-quarter and full-year revenue above Wall Street estimates. The company also reported better-than-expected ...

  • FCC Chairman Tom Wheeler testifies before the House Communications and Technology panel on Capitol Hill in Washington

    U.S. regulators are expected to vote on May 15 on a new set of so-called "net neutrality" rules aimed at making certain that broadband providers do not slow down or block consumers' access to legal Internet content. Federal Communications Commission Chairman Tom Wheeler on Wednesday said he plans to circulate his proposed …

  • New home is listed for sale in Vienna, Virginia

    Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.

  • Berkshire Hathaway (BRKa.N) chairman and chief executive Warren Buffett said Wednesday he would buy very few technology stocks at current levels and that the U.S. government should play a part in the housing market. Buffett also said the government should play a part in housing, but that he did not see any role for Berkshire …

  • Logos are seen outside a branch of Barclays bank in London

    A group of British public sector pension funds has heaped pressure on Barclays (LSE:BARC) ahead of its annual general meeting by saying it has governance concerns over the company's search for a new chairman. The furore that plan initially caused had already prompted the replacement of the head of its remuneration committee, …

  • The top U.S. telecommunications regulator on Wednesday said he was unconvinced by AT&T Inc's threat to sit out next year's major auction of wireless spectrum over proposed restrictions on its participation. AT&T, the second biggest U.S. wireless carrier, last week said it may choose to skip the so-called incentive auction …

  • Buffett, Chairman of the Board and CEO of Berkshire Hathaway, poses for a portrait in New York

    Earlier on Wednesday, Coca-Cola said 83 percent of shareholders approved the plan. Critics, most notably activist investor David Winters, said the plan would dilute the holdings of current shareholders too much. As of December 31, Berkshire owned 400 million shares of the company, just over 9 percent of the shares outstanding. …

  • By Jennifer Saba and Lisa Richwine NEW YORK/LOS ANGELES (Reuters) - Technology powerhouses like Microsoft Corp and AOL Inc are flexing their muscles as storytellers, parading TV network-style shows before ...

  • This is the first time HBO, owned by Time Warner Inc (TWX.N), has licensed its award-winning programming to an online subscription streaming service, the companies said in a statement on Wednesday. HBO shows are not available through Netflix. Netflix shares fell 4.7 percent to $355.31 on Nasdaq. The deal does not include …

  • The Boeing logo is seen at their headquarters in Chicago

    Boeing's report "gives much more confidence about the ability to return cash," said Ken Herbert, an analyst at Canaccord Genuity Inc. Boeing spent nearly $3 billion (1.7 billion pounds) in the first quarter to buy back some 19 million shares and pay dividends, most of the expected amount for the year, according to analysts. …

  • Commerzbank (GER:CBK) is considering appealing against a Frankfurt court's ruling that the lender's move last year to revoke the management board status of former personnel chief Ulrich Sieber was invalid. Germany's second-largest lender announced in November that it was cutting the size of its management board to seven …

  • A jogger runs past a signage for pharmaceutical giant GlaxoSmithKline in London

    The loud welcome given by investors to this week's deal for Novartis and GlaxoSmithKline to trade more than $20 billion (11 billion pounds) of assets could trigger more pacts in the pharmaceuticals sector and beyond. Such swapping of assets is rare in any sector, yet it can make a lot of sense where companies are committed …

  • An employee uses a computer mouse inside an office in Kiev

    The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans' personal medical records and health insurance data. Health data is far more valuable to hackers on the black market than credit card numbers because …

  • The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans' personal medical records and health insurance data. Health data is far more valuable to hackers on the black market than credit card numbers because …

  • ROME/MILAN (Reuters) - An Italian union said on Wednesday that it is willing to enter negotiations to help to meet conditions set by Etihad Airways for investing in Alitalia after talks between the airlines stalled over debt and job cuts. Loss-making Alitalia was kept afloat by a government-engineered 500 million euro …

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