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FTC demands data about acquisitions from Google, Amazon.com, Apple, Facebook and Microsoft

The Federal Trade Commission has issued special orders to five big tech companies - Alphabet's Google , Amazon.com , Apple , Facebook and Microsoft - to provide information about mergers that were too small to report to antitrust agencies, the agency said on Tuesday.

Markets

Exclusive: Deutsche Bank taps US tech companies for makeover – sources

Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank's outdated and fragmented technology networks, people with knowledge of the matter said.

Markets

Driver in fatal 2018 Tesla crash reported prior ‘Autopilot’ issue

A driver killed in a March 2018 Tesla autopilot crash in California reported previously that the vehicle steered toward an area off the highway on prior trips, the National Transportation Safety Board (NTSB) disclosed in documents made public Tuesday.

Markets

Zuckerberg to meet EU Commissioners ahead of antitrust proposals

Facebook Chief Executive Mark Zuckerberg will meet the EU's digital and industry chiefs on Feb. 17, EU officials said on Tuesday, days before the two Commissioners present proposals to rein in U.S. tech giants and Chinese rivals.

Markets

Japan’s MUFG, Mizuho in London rehiring spree despite Brexit

Japan's MUFG and Mizuho have hired a total of nearly 100 staff in London in the last 6 months, bolstering their trading and investment banking teams despite industry concerns over Brexit's impact on financial services in Britain.

Markets

S&P 500, Nasdaq set for new heights on hopeful coronavirus news

The S&P 500 and Nasdaq indexes were set to hit record highs at the open on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares soared after winning a federal judge's approval for its merger with T-Mobile....

Markets

Finland’s Supercell reports sales up 2per cent while core earnings slip

Finland's biggest game maker Supercell reported on Tuesday its full-year 2019 sales rose 2per cent to 1.39 billion euros (US$1.52 billion) although core earnings slipped 4per cent.

Markets

WeWork says to become free cash flow positive by 2022

Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects to post its first ever US$1-billion revenue quarter this year.

Markets

Under Armour forecasts surprise sales drop, coronavirus hit; shares fall

Under Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, largely due to weakness in North America, and said the coronavirus outbreak in China would hurt sales in one of its fast-growing markets, sending shares tumbling 13per cent.

Markets

EU urges UK to go for trade deal, but says ‘fine’ if not

The EU wants a uniquely close post-Brexit relationship with the UK, but is "fine" if London opts to walk away without one, European Commission chief Ursula von der Leyen said Tuesday.

Markets

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