WASHINGTON (Reuters) – U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent [...]
By Poornima Gupta SAN FRANCISCO (Reuters) – Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman’s turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after [...]
By Peter Apps, Political Risk Correspondent WASHINGTON (Reuters) – Even as the United States accuses China of military espionage and worries about Beijing’s more strident posture in the Asia-Pacific region, the ties between the armed forces of the two nations have been getting closer. Direct contact between China’s People’s Liberation Army (PLA) and some of [...]
By Nick Macfie ISLAMABAD (Reuters) – China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that triggers power cuts of up to 20 hours a day, bringing the economy to a near standstill. Li arrived in the Pakistan capital under [...]
By Stephanie Nebehay GENEVA (Reuters) – The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some $6.5 billion in losses to the economy, U.N. experts said on Tuesday. Health authorities worldwide must be on the lookout to detect the virus, the experts said, [...]
By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) – Ireland said on Tuesday it was not to blame for Apple Inc’s low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in [...]
By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) – Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet [...]
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home. Bernanke made no reference to monetary policy or the immediate outlook for the U.S. [...]
By Daniel Bases NEW YORK (Reuters) – Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by [...]
By Poornima Gupta and Edwin Chan SAN FRANCISCO (Reuters) – Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company’s billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink. The disappointing results lend weight to Michael Dell’s effort. The man who started [...]
