FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s … Read more

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

Wall St loses over $200 billion in value after report from Amazon

Wall St loses over 0 billion in value after report from Amazon

Oct 27 (Reuters) – Over $200 billion in US stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon (AMZN.O) added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17% after the bell, wiping out $190 billion in market capitalization after … Read more

A 1990s relic, floppy disks get second life at California warehouse

A 1990s relic, floppy disks get second life at California warehouse

LAKE FOREST, Calif., Oct 20 (Reuters) – It has been two decades since their heyday, but one bulk supplier of the iconic 3.5-inch floppy disk used to store data in 1990s says business is still booming. Tom Persky runs floppydisk.com, a California-based online disk recycling service that takes in new and used disks before sending … Read more

US Speaker Pelosi’s husband sold Nvidia, Micron options at a loss

US Speaker Pelosi’s husband sold Nvidia, Micron options at a loss

Oct 17 (Reuters) – US House Speaker Nancy Pelosi’s husband sold call options in chipmakers Micron Technology (MU.O) and Nvidia (NVDA.O) for a loss of under $1 million, according to a new transparency filing. In a periodic transaction report dated Friday, the senior Democrat disclosed that her husband, financier Paul Pelosi, lost $392,575 in the … Read more

Microsoft says UK influenced by Sony in probing Activision Blizzard deal

Microsoft says UK influenced by Sony in probing Activision Blizzard deal

LONDON, Oct 12 (Reuters) – Microsoft (MSFT.O) said Britain’s competition regulator had relied on objections from its rival Sony (6758.T) in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “misplaced ‚Äúconcerns about ‘Call of Duty’. The Competition and Markets Authority (CMA) said last month that the acquisition could harm competition … Read more

Germany’s cybersecurity chief faces dismissal, reports say

Germany’s cybersecurity chief faces dismissal, reports say

BERLIN, Oct 10 (Reuters) – German Interior Minister Nancy Faeser wants to dismiss the country’s cybersecurity chief due to possible contacts with people involved with Russian security services, German media reported late on Sunday, citing government sources. Arne Schoenbohm, president of the BSI federal information security agency, could have had such contacts through the Cyber … Read more

EU approves phone charger reform, forcing Apple to adapt

EU approves phone charger reform, forcing Apple to adapt

BRUSSELS, Oct 4 (Reuters) – The European Parliament approved new rules on Tuesday that will introduce in the European Union a single charging port for mobile phones, tablets and cameras by 2024, a world first that is expected to affect iPhone maker Apple more than its rivals. The vote confirms an earlier agreement among EU … Read more

Apple drops plan to boost iPhone production as demand falters – Bloomberg

Apple drops plan to boost iPhone production as demand falters – Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family … Read more

Apple says it will manufacture iPhone 14 in India

Apple says it will manufacture iPhone 14 in India

The Apple logo is seen at an Apple Store in Brooklyn, New York, US October 23, 2020. REUTERS/Brendan McDermid/ Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Sept 26 (Reuters) – Apple Inc (AAPL.O) said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some … Read more