By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) - Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL)\'s Google, a first for the industry. That in turn...
(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft (NASDAQ:MSFT)\'s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above...
-- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Pro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! UBS: Nvidia is \'the only chip company that can create its own market\' On Thursday, UBS analysts increased their price target for Nvidia to $1,100...
-- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for PepsiCo, Riot Platforms and Kingsoft Cloud; downgrade for Nuscale Power . Pro subscribers always get first dibs on market-moving rating changes. PepsiCo What happened? On Monday, Morgan Stanley upgraded PepsiCo (NASDAQ:PEP) to Overweight with a...
HONG KONG (Reuters) - Evergrande liquidators said the company, SJ and Tianji filed documents with a U.S. Court on Friday to withdraw Chapter 15 bankruptcy protection applications, the Chinese property company said in a filing to the Hong Kong Stock Exchange. Evergrande liquidators said they will make new applications under Chapter 15 of Title 11...
By Uditha Jayasinghe COLOMBO (Reuters) - McDonald\'s (NYSE:MCD) has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said on Sunday. \"The parent company decided to terminate the agreement with the franchisee due to standard issues,\" said Sanath Wijewardane,...
(This March 22 story has been refiled to change SABIC to side air bag inflatable curtain in paragraph 4) (Reuters) - Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety Administration (NHTSA) said on Friday....
IT Services providers have been experiencing low demand amid macroeconomic uncertainty, with not many stocks in the sector offering near-term upside to consensus figures. Against this backdrop, analysts at Guggenheim shared in a note this week a list of the Best IT Services stocks to own for 2024. They noted that the soft near-term demand...
LONDON (Reuters) - Prime Minister Rishi Sunak will set out plans to boost Britain\'s nuclear workforce on Monday, as increased submarine building and the growing needs of the nuclear energy industry are forecast to create 40,000 new jobs by 2030. The government will partner with defence companies BAE Systems (LON:BAES), Rolls-Royce (OTC:RYCEY) and Babcock plus...
(Reuters) - Australia\'s ANZ Group said on Monday it had agreed to settle a class action suit related to interest charged on personal credit cards for A$57.5 million ($37.44 million). The settlement is without admission of liability and remains subject to court approval, ANZ said in a statement. The class action was brought against the...