Sunday, 19 May 2024

Business

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Co-living criticised in bid to win Euro votes: Bartra

Richard Barrett’s Bartra Capital has claimed its proposed controversial co-living scheme was criticised by politicians aiming to win seats in the European elections. The developer submitted plans to build 208 co-living bedrooms at a site on Eblana Avenue in Dun Laoghaire, South Dublin. Please log in or register with Independent.ie for free access to this […]

Microsoft shifted IP here after US tax cut

Microsoft moved intellectual property (IP) to Ireland as well as the US after Donald Trump slashed the corporate tax rate last year, and gained $2.6bn (€2.3bn) from the shift, the company said. Microsoft beat analysts’ estimates for fourth-quarter revenue and profit on Thursday night, driven by continued sales increases from its cloud business, and sending […]

Coming Soon to a Theater Near You. Very Soon.

LOS ANGELES — Conventional wisdom in Hollywood has long held that big, lumbering “tentpole” movies require protracted promotional campaigns. Walt Disney Studios spent more than three years promoting “Tron: Legacy,” which came out in 2010. Warner Bros. began beating the drums for “Godzilla” nearly two years before its 2014 release. Universal Pictures first publicized “The […]

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co

BENGALURU (Reuters) – Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp (9434.T). The fresh investment round will take Agarwal’s stake to around 30% from 10%, a source familiar with the development […]

Wall St. edges higher on Microsoft's beat, rate cut optimism

(Reuters) – Wall Street’s main indexes inched higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent. Microsoft Corp (MSFT.O), the most valuable U.S. company, rose 1.7% as strength in its cloud business […]

DealBook Briefing: Trade Talks Are Stalled Over Huawei

Good Thursday morning. (Want this by email? Sign up here.) Trade talks are stuck in a rut Revived trade negotiations between the U.S. and China are said to have stalled again. One big problem, according to William Mauldin and Chao Deng of the WSJ: how much Washington should ease up on Huawei. • Though President […]

Trump's tariffs trip up the all-American RV industry

ELKHART, Ind. (Reuters) – Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers. “We got letters from 75 percent of them demanding tariff-related […]

EU Commission fines Qualcomm for second time over market abuse

BRUSSELS (Reuters) – Qualcomm (QCOM.O), the world’s no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU’s competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British […]

Stocks wobble on trade, earnings anxiety; U.S. Treasury yields fall

TOKYO (Reuters) – Asian share markets faltered on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. MSCI’s broadest index of Asia-Pacific shares outside Japan retreated 0.3%, while Tokyo’s benchmark Nikkei skidded 2.0%, its biggest one-day fall […]

Stocks wobble on trade, earnings anxiety; U.S. Treasury yields fall

TOKYO (Reuters) – Asian share markets faltered on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. MSCI’s broadest index of Asia-Pacific shares outside Japan retreated 0.3%, while Tokyo’s benchmark Nikkei skidded 2.0%, its biggest one-day fall […]