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BlackBerry signs patent licensing deal with Teletry

Reuters Business News - Wed, 2017-11-15 22:04
(Reuters) - Canada's BlackBerry Ltd said on Wednesday it agreed to allow Teletry, a unit of patent licensing firm Marconi Group, to sub-license a broad range of its patents to global smartphone manufacturers.
Categories: business

Delta Air says tax cut would buy new planes, pay down debt

Reuters Business News - Wed, 2017-11-15 21:49
DETROIT (Reuters) - C would use savings from a lower U.S. corporate tax rate to buy new equipment and pay down some of its debt, the carrier's chief executive said on Wednesday, as congressional Republicans work to push forward a tax cut bill.
Categories: business

GM challenges Tesla with promise of profitable electric cars

Reuters Business News - Wed, 2017-11-15 19:04
(Reuters) - General Motors Co plans to launch a new family of electric vehicles in 2021 that will cost less to build and make a profit for the U.S. No. 1 automaker, Chief Executive Mary Barra told investors on Wednesday.
Categories: business

Fox shareholders reject proposal to abandon dual-class shares

Reuters Business News - Wed, 2017-11-15 18:57
(Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure was rejected on Wednesday, based on preliminary results announced at the media company's annual meeting.
Categories: business

Whole Foods unveils further price cuts ahead of Thanksgiving

Reuters Business News - Wed, 2017-11-15 14:20
(Reuters) - Amazon.com Inc-owned Whole Foods Market on Wednesday announced price cuts on its best-selling grocery items and holiday staples for all its customers ahead of the holiday season.
Categories: business

Tesla says it will fight lawsuit claiming racial discrimination

Reuters Business News - Wed, 2017-11-15 14:12
(Reuters) - Tesla Inc said on Wednesday it would fight a class-action lawsuit filed against it earlier this week claiming the electric automaker's California production plant was a "hotbed for racist behavior."
Categories: business

Biggest deal yet for Airbus as Franke ups bet on budget airlines

Reuters Business News - Wed, 2017-11-15 13:42
DUBAI (Reuters) - Airbus landed its biggest ever airliner deal on Wednesday with an agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.
Categories: business

U.S. investor Cerberus takes 3 percent stake in Deutsche Bank

Reuters Business News - Wed, 2017-11-15 13:39
FRANKFURT (Reuters) - Cerberus [CBS.UL] has taken a 3 percent stake in Deutsche Bank , Germany's flagship lender said on Wednesday, making the U.S. buyout fund the fourth-largest shareholder after China's HNA group, Qatar and money manager Blackrock .
Categories: business

Target's holiday-quarter profit forecast disappoints, shares dip

Reuters Business News - Wed, 2017-11-15 13:13
(Reuters) - Target Corp issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.
Categories: business

Exclusive: Amazon scraps bundled video service - sources

Reuters Business News - Wed, 2017-11-15 13:10
NEW YORK/LOS ANGELES (Reuters) - Amazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters.
Categories: business

Boeing in 175 plane deal with budget carrier flydubai

Reuters Business News - Wed, 2017-11-15 12:54
DUBAI (Reuters) - Boeing Co. reached a preliminary deal for 175 of its 737 MAX jets with flydubai on Wednesday, potentially committing the budget airline's fleet to the U.S. planemaker for another decade.
Categories: business

Shareholders take aim at Murdochs with Fox voting rights push

Reuters Business News - Wed, 2017-11-15 11:39
NEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure may inflict a symbolic black eye on the media company's founder Rupert Murdoch and his family at its annual meeting on Wednesday.
Categories: business

Israel prepares to send tax bills to Facebook, Google: report

Reuters Business News - Wed, 2017-11-15 11:37
JERUSALEM (Reuters) - Israel is planning to send tax bills within a year to internet companies Google and Facebook, financial newspaper TheMarker reported on Wednesday, joining efforts by several countries, including the European Union, to get the internet giants to pay more tax.
Categories: business

Qualcomm-NXP ruling may be in 2018: EU competition commissioner

Reuters Business News - Wed, 2017-11-15 11:28
BEIJING (Reuters) - A ruling on Qualcomm Inc's proposed $38 billion acquisition of NXP Semiconductors NV may come in 2018, European Commissioner for Competition Margrethe Vestager said on Wednesday.
Categories: business

Oil prices slide after IEA casts doubt over demand outlook

Reuters Business News - Wed, 2017-11-15 04:26
SINGAPORE (Reuters) - Oil prices fell over 1 percent on Wednesday, continuing Tuesday's slide after the International Energy Agency cast doubts over the past few months' narrative of tightening fuel markets.
Categories: business

Indigo Partners nears deal for 400 Airbus jets: sources

Reuters Business News - Wed, 2017-11-15 04:19
DUBAI (Reuters) - Veteran airline investor Bill Franke looked set to place a historic $40 billion order for around 400 Airbus jets, shaking up the low-cost industry and turning the annual race between Airbus and Boeing for plane orders on its head.
Categories: business

Asian stocks slip as oil woes sap sentiment, euro stands tall

Reuters Business News - Wed, 2017-11-15 03:33
TOKYO (Reuters) - Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.
Categories: business

Foxconn's third quarter profit slides below estimates after iPhone X production hurdles

Reuters Business News - Wed, 2017-11-15 02:52
TAIPEI (Reuters) - Taiwan's Foxconn , the world's largest contract electronics manufacturer, saw quarterly profit slide 39 percent - a result far below estimates and widely attributed to production issues for Apple Inc's iPhone X.
Categories: business

Sessions declines to say if White House asked about AT&T-Time Warner merger

Reuters Business News - Wed, 2017-11-15 02:46
WASHINGTON (Reuters) - U.S. Attorney General Jeff Sessions would not say on Tuesday if White House officials contacted his department about its review of AT&T Inc's proposed purchase of Time Warner , which one analyst said the Justice Department may sue to block as soon as Wednesday.
Categories: business

Firefox opts for Google as default search in U.S., surprising Yahoo

Reuters Business News - Wed, 2017-11-15 02:21
SAN FRANCISCO (Reuters) - Alphabet Inc's Google reclaimed on Tuesday its spot as the default search engine on Mozilla Corp's Firefox Internet browser in the United States and other regions as the browser maker stunned Verizon Communication Inc's Yahoo by canceling their deal.
Categories: business

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