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Taiwan’s Foxconn ‘definitely bidding’ for Toshiba chip business
15:15 - 01.03.2017 -

Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a

Toshiba asks law firm to advise on potential Westinghouse bankruptcy cost: sources
15:15 - 01.03.2017 -

Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said. Toshiba is looking at a potential Chapter 11 filing as one of several options for Westinghouse as

Futures rise after Trump speech; banks up on rate talk
15:15 - 01.03.2017 -

U.S. stock index futures were higher on Wednesday as investors assessed President Donald Trump’s speech, while bank stocks rose on increased possibility of an interest rate hike this month. In his first address to a joint session of Congress late Tuesday, Trump said he wanted to boost the U.S. economy with a “massive tax relief”,

Trump vows military build-up, hammers nationalist themes
22:22 - 24.02.2017 -

President Donald Trump said he would make a massive budget request for one of the “greatest military buildups in American history” on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists. Trump used remarks to the Conservative Political Action Conference (CPAC), an organization that gave him one of his first platforms

Higher customer traffic boosts Wal-Mart’s sales in holiday quarter
21:21 - 21.02.2017 -

Wal-Mart Stores Inc (WMT.N) reported higher-than-expected U.S. sales on Tuesday for the crucial holiday quarter as its low prices attracted more customers to its stores and online activity accelerated. Shares of the world’s largest retailer rose more than 3 percent as its results bucked a string of disappointing holiday sales figures from rivals including Target

Burger King and Tim Hortons owner to buy Popeyes for $1.8 billion
21:21 - 21.02.2017 -

Restaurant Brands International Inc (QSR.TO), owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen (PLKI.O) for $1.8 billion in cash. The deal is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes’ Louisiana-style fried chicken and buttermilk

Telenor to roll out Google’s new messaging service in Asia, Europe
15:15 - 16.02.2017 -

Alphabet Inc’s Google said on Thursday it partnered with Telenor ASA to roll out Rich Communications Services (RCS), an upgraded messaging service, to the Norwegian telecommunications company’s subscribers in Asia and Europe. The messaging service includes features such as group chats, photo sharing and read receipts among other things, Google said in its official blog.

After day in South Korea court, Samsung chief awaits arrest decision
15:15 - 16.02.2017 -

Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye. The 48-year-old Lee, wearing a dark coat and navy tie, kept his head down

Protests call for U.S. immigrants to stay home from work, school
15:15 - 16.02.2017 -

Activists are calling on immigrants to protest President Donald Trump’s tough stance on immigration by staying home from work or school on Thursday, not shopping and not eating out, in an effort to highlight the vital role they play in U.S. society. “A Day Without Immigrants,” which has been largely driven by word of mouth

U.S. lawmakers push for answers on Trump team’s Russia ties
15:15 - 16.02.2017 -

A crisis over the relationship between President Donald Trump’s aides and Russia deepened on Wednesday as a growing number of Trump’s fellow Republicans demanded expanded congressional inquiries into the matter. Trump sought to focus attention on what he called criminal intelligence leaks about his ousted national security adviser, Michael Flynn. Trump forced Flynn out on

Key business lobby warns UK not to play favorites in Brexit
12:12 - 13.02.2017 -

A key business lobby warned Britain’s government Monday not to play favorites among industries when it negotiates the country’s exit from the European Union, saying that ignoring any sector would hurt the entire economy. The Confederation of British Industries and the international law firm Clifford Chance also said in a new report that it is

German nationalists mull expulsion over Nazi past comments
12:12 - 13.02.2017 -

A prominent member of a German nationalist party could face expulsion over a speech in which he suggested that the country end its tradition of acknowledging and atoning for its Nazi past. Alternative for Germany said party leaders voted by the necessary two-thirds majority Monday to open expulsion proceedings against Bjoern Hoecke, who heads its

North Korea launches ballistic missile test
12:12 - 13.02.2017 -

North Korea fired off a ballistic missile into the East Sea from Banghyeon North Pyongan Province early Sunday, according to South Korean officials. South Korea’s military is analyzing exactly what type of missile it was but there’s a strong possibility that it was a midrange Musudan type, according to officials. North Korea has test fired

Nearly 200K evacuated near Calif. dam amid flood warning
12:12 - 13.02.2017 -

Officials in Northern California ordered nearly 200,000 people to evacuate to safer ground on Sunday as the country’s tallest dam threatened to release uncontrolled floodwaters downstream. Motorists jammed highways as thousands of residents rushed to flee the area downstream from the Oroville Dam, about 150 miles northeast of San Francisco, after authorities warned that the

US investigators corroborate some aspects of the Russia dossier
12:12 - 13.02.2017 -

For the first time, US investigators say they have corroborated some of the communications detailed in a 35-page dossier compiled by a former British intelligence agent, multiple current and former US law enforcement and intelligence officials tell CNN. As CNN first reported, then-President-elect Donald Trump and President Barack Obama were briefed on the existence of

BT supports Google’s Android in EU antitrust row
21:21 - 06.02.2017 -

BT (BT.L) has become the first major telecoms company to back Google (GOOGL.O) in a battle with EU regulators, defending the “stability and compatibility” of the Android operating system, which is in the sights of anti-trust regulators. The EU says Google stifles competition by forcing smartphone makers to pre-install its search function and browser to

Kremlin says it wants apology from Fox News over Putin comments
21:21 - 06.02.2017 -

The Kremlin said on Monday it wanted an apology from Fox News over what it said were “unacceptable” comments one of the channel’s presenters made about Russian President Vladimir Putin in an interview with U.S. counterpart Donald Trump. Fox News host Bill O’Reilly described Putin as “a killer” in the interview with Trump as he

Trump’s immigration ban faces new legal hurdle on Monday
21:21 - 06.02.2017 -

U.S. President Donald Trump’s temporary immigration ban faced a legal hurdle on Monday that could determine whether he can push through the most controversial and far reaching policy of his first two weeks in office. The government has a deadline to justify the executive order temporarily barring entry to the United States of people from

Trump adopts aggressive posture toward Iran after missile launch
15:15 - 02.02.2017 -

The White House put Iran “on notice” on Wednesday for test-firing a ballistic missile and said it was reviewing how to respond, taking an aggressive posture toward Tehran that could raise tensions in the region. While the exact implications of the U.S. threat were unclear, the new administration signaled that President Donald Trump intended to

Nokia beats market expectations, sees network market improving
14:14 - 02.02.2017 -

Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize. Nokia and its rivals, Sweden’s Ericsson and China’s Huawei [HWT.UL], have struggled lately as telecom operators’ demand for faster 4G mobile broadband equipment