Jaguar Land Rover's Chief Executive Officer Ralf Speth will step down in September when his contract ends, but will retain an advisory role at the British carmaker, the Financial Times reported on Wednesday.
WASHINGTON: Microsoft said on Wednesday (Jan 29) that its profits rose sharply in the past quarter, boosted by improving sales across a range of consumer products and business services, sending its shares higher. Overall profit for the quarter ending Dec 31 rose 38 per cent from a year ago...
Facebook Inc said on Wednesday it reached a US$550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
Wells Fargo & Co filed a mixed shelf offering of as much as US$66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said it would use part of the proceeds to repurchase shares and pay down debt.
The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse "low single-digit billion-dollar" incentive payments to shift existing satellite users, a person familiar with the matter said.
The European Union wants to create a single market in data aimed at challenging the dominance of tech giants such as Facebook, Google and Amazon, according to a European Commission proposal seen by Reuters.
PayPal Holdings Inc forecast full-year adjusted profit below analysts' expectations as it invests in technology to fend off competition in a crowded digital payments space, sending its shares down 4per cent.
FOR the third year in a row, business interruption was the top risk for businesses in Singapore, according to a survey by financial services firm Allianz.
SUNSEAP Group has secured S$50 million in funding from Singapore state investment firm Temasek and Asia-focused private equity fund ABC World Asia.
