** Shares of Microsoft climb 1.3%, ending the session with a market cap of $3.33 trln, a record for any co, while Apple and Nvidia were close behind ** AAPL ahead of MSFT for part of the session before falling behind by the close ** The three cos remain in tight contention for the crown …
Microsoft extends rally with a record-breaking stock market value Read More »
By Foo Yun Chee and Ilona Wissenbach BRUSSELS/FRANKFURT (Reuters) – Lufthansa boosted concessions to soothe competition concerns over long-haul flights to help it win over EU regulators in its bid for a stake in Italy’s ITA Airways, three people with direct knowledge of the matter said on Monday. The European Commission, which acts as the …
Lufthansa sweetens long-haul concessions to gain EU okay for ITA deal, sources say Read More »
(Reuters) – Alphabet’s YouTube will soon allow users to add ‘notes’ that will provide context on some of its videos as part of a new feature that will be initially rolled out in the United States, it said on Monday. YouTube will invite certain users and creators, as part of the initial test phase, to …
YouTube tests context ‘notes’ feature for videos Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking whether rivals proposed by British Airways owner IAG to take over some of Spanish airline Air Europa’s routes are capable of operating them and competing with IAG, people familiar with the matter said on Monday. IAG, which also owns Spanish airline Iberia, last …
EU vets IAG rivals’ ability to take over Air Europa routes, sources say Read More »
By Jonathan Stempel (Reuters) -The U.S. government sued Adobe on Monday, accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees in its most popular subscription plan, and making it difficult to cancel subscriptions. In a complaint filed in the San Jose, California, federal court, the Federal Trade Commission said Adobe …
US sues Photoshop maker Adobe for hiding fees, making it difficult to cancel Read More »
By Shashwat Chauhan, Jesus Calero and Shristi Achar A (Reuters) -European shares closed marginally higher on Monday, with banks and technology stocks rebounding from losses last week after markets were startled by political uncertainty in France, while Danish insurer Topdanmark surged on Sampo’s buyout bid. The pan-European STOXX 600 closed up 0.1%, coming off its …
European shares inch up as banks, tech rebound; Topdanmark shines Read More »
By Pranav Kashyap and Purvi Agarwal (Reuters) -London’s FTSE closed lower for the third straight session on Monday, ahead of a week of key economic data and the Bank of England’s rate cut decision, with industrial metal miners adding to declines after weak Chinese output numbers. The blue-chip FTSE 100 closed 0.1% lower, while the …
FTSE 100 closes lower for third session ahead of UK data, BoE decision Read More »
By Noele Illien ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounting for 90% of what they are owed, UBS said on Monday. The bank has been seeking to resolve issues it inherited when it acquired …
UBS sets aside $900 million to repay investors in collapsed Greensill funds Read More »
LONDON (Reuters) – The pound eased modestly on Monday, ahead of a policy meeting by the Bank of England this week at which the central bank is not expected to cut interest rates, but might telegraph the likely timing of the first drop. Political turmoil in France last week rattled risk appetite and sent investors …
Sterling eases ahead of BoE rate decision this week Read More »
By Balazs Koranyi LONDON (Reuters) – The European Central Bank’s chief economist played down on Monday the need for the ECB to come to France’s rescue by buying bonds, saying recent market turmoil fuelled by political uncertainty was not “disorderly”. French financial markets endured a brutal sell-off late last week as investors cut their positions …
ECB’s Lane plays down need for French bond rescue Read More »
