Tuesday, 5 February 2019

Apple retail chief Angela Ahrendts departs

Reuters.com Newsletter

Apple retail chief Angela Ahrendts departs

Apple Inc said on Tuesday that Angela Ahrendts, the chief of its retail operations, was leaving the company to pursue new opportunities.

Disney profit beats, driven by theme parks, ABC network

Walt Disney Co's reported quarterly earnings on Tuesday that topped Wall Street estimates thanks to the company's booming theme park business and growth at the ABC broadcast network.

1970s-era musicians sue Sony, UMG to reclaim song rights

David Johansen, John Waite and other prominent 1970s musicians filed lawsuits on Tuesday accusing Sony Music Entertainment Inc and UMG Recordings Inc of improperly refusing to let them reclaim rights to songs they had long ago signed away.

Snap user number beats Wall Street estimate, shares jump

Snap Inc on Tuesday said the number of people using its Snapchat app was flat, beating Wall Street projections that it would continue to lose users to rival Facebook Inc's Instagram, sending the company's shares up more than 15 percent after hours.

Earnings send Wall St higher as investors eye State of the Union speech

U.S. stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump.

World shares hit two-month high, dollar firms as Trump speech nears

World stocks rose to a fresh two-month high on Tuesday to keep up their fast start to 2019 while the U.S. dollar strengthened for a fourth straight session as investors looked toward an annual address by the U.S. president later in the evening.

U.S. jury orders Takeda to pay Bayer $155 million over hemophilia drug

A U.S. jury has ordered Takeda Pharmaceutical Co's Baxalta unit to pay Bayer AG $155.19 million for infringing a patent related to a Baxalta hemophilia treatment, court records made public on Tuesday show.

Merck CEO Frazier to testify at Senate drug pricing hearing

U.S. drugmaker Merck & Co Inc said on Tuesday that its Chief Executive Ken Frazier plans to testify at a Senate hearing later this month examining rising prescription drug prices.

EA cuts revenue outlook after poor 'Battlefield' sales, shares slide

Electronic Arts lowered its revenue outlook on Tuesday, hit by lackluster sales of its newly launched "Battlefield V" title which faces stiff competition from "Red Dead Redemption" and upstart online games like "Fortnite."

Boeing makes 'significant investment' in supersonic jet developer Aerion

Boeing Co said on Tuesday it had made a significant investment in supersonic business jet developer Aerion, as the world's biggest planemaker looks to tap into rising demand for high-end aircraft that can reduce travel time.

Apple agrees to pay back-taxes to French authorities

Apple's French division said it had reached a deal with France to pay an undeclared amount of back-dated tax, which French media estimated at around 500 million euros ($571 million).

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