Business
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Toshiba Corp to sell a minority stake in its memory chip business
Jan 27, 2017News Hour: Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division – the... -
Microsoft reported a rise in profits showing gains in cloud computing as it absorbed LinkedIn
Jan 27, 2017News Hour: Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network. The US tech giant... -
Alphabet inc reported profit climbed on growth
Jan 27, 2017News Hour: Google parent Alphabet on Thursday reported that its profit in the final three months of last year climbed on growth in mobile search and video-sharing service YouTube. For earnings purposes, Alphabet separates operations such... -
Johnson & Johnson to buy Swiss biotech company Actelion in a $30 billion all-cash deal
Jan 26, 2017News Hour: U.S. healthcare giant Johnson & Johnson will buy Swiss biotech company Actelion in a $30 billion all-cash deal that includes spinning off Actelion’s research and development pipeline, the companies said on Thursday. The biggest... -
Ericsson cuts its annual dividend by 73 percent
Jan 26, 2017News Hour: Mobile telecom equipment maker Ericsson cut its annual dividend by 73 percent, with its new CEO saying the Swedish company would prioritize profitability after it suffered an operating loss in the last three months... -
Facebook hires Hugo Barra, the most prominent global executive at Xiaomi Inc
Jan 26, 2017News Hour: Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc, to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said. The 32-year-old... -
Strikes cut deeply into the fourth quarter profits of Kia Motors
Jan 26, 2017News Hour: Strikes cut deeply into the fourth quarter profits of South Korea’s second largest automaker, Kia Motors, it said on Thursday. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down... -
Kazakhstan, Shell-Eni group continue talks over tax dispute
Jan 26, 2017News Hour: Kazakhstan has agreed to continue talks about a tax dispute with the Karachaganak consortium of oil majors led by Shell and Eni despite beginning arbitration proceedings, the Kazakh Energy Ministry said on Thursday. Quoting... -
Japan’s exports rose for the first time in 15 months in December
Jan 25, 2017News Hour: Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt... -
Boeing expects to deliver more planes and higher earnings in 2017
Jan 25, 2017News Hour: Boeing Co beat analysts’ profit estimates on Wednesday despite another charge for its military tanker aircraft and said it expects to deliver more planes and higher earnings in 2017, though revenue likely will fall,...
