UBS hopes Trump-led rally will help boost wealth management

UBS hopes a Donald Trump-inspired rally in the United States will help boost earnings at its struggling wealth management business after posting a 47 percent fall in full-year net profit. With profit from its core wealth management business under pressure, the bank pointed to growing investor confidence in the United States towards the end of 2016 as a …

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UBS hopes Trump-led rally will help boost wealth management

Microsoft profit up as demand for cloud service soars

Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. Since taking charge in 2014, Chief Executive Satya Nadella has…

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Microsoft profit up as demand for cloud service soars

Alphabet posts strong revenue growth, higher taxes hit earnings

Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. While advertising still accounts for the lion's share …

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Alphabet posts strong revenue growth, higher taxes hit earnings

As regulators waver, Apple takes on Qualcomm in courts

By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc's new legal assault on Qualcomm in the United States and China reflects its conclusion that regulators are unlikely to put an end to what it considers the chip maker's unfair business practices, analysts said. Apple has long objected to Qualcomm's…

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As regulators waver, Apple takes on Qualcomm in courts

Dollar recoups losses, shares lower as banks weigh

By Vikram Subhedar LONDON (Reuters) – The dollar extended its recovery against a basket of other currencies on Friday, while banks dragged European shares slightly lower following underwhelming results from Swiss major UBS. The two-day recovery comes after the dollar suffered a 4 percent drop in the three weeks from Jan. 3 reflecting doubts about how U.S. President Donald Trump's policies will play out for the currency, particularly after both Trump and Treasury Secretary-designate Steven Mnuchin hinted …

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Dollar recoups losses, shares lower as banks weigh

Apple sues Qualcomm in Beijing seeking 1 billion yuan

By Diane Bartz WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Apple also filed a second lawsuit against Qualcomm which accused it …

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Apple sues Qualcomm in Beijing seeking 1 billion yuan

BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent. State Street is the world's No. 2 custody bank with $28.8 trillion in assets under custody and administration.

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

Cuban trade delegation visits U.S. as Trump ponders detente

A Cuban trade delegation arrived in the United States this week to visit four states and six ports, even as the Trump administration pondered what to do with a fragile detente initiated…

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Cuban trade delegation visits U.S. as Trump ponders detente

Boeing sets cash flow record, lifts 2017 forecast for jet output

(Reuters) – Boeing Co said on Wednesday it expects to deliver between 760 and 765 commercial aircraft in 2017, topping 748 deliveries in 2016. The world's biggest maker of jetliners said it expects 2017 core earnings, which exclude some pension and other costs, of between $9.10 and $9.30 per share on revenue of $90.5 billion to $92.5 billion. Boeing forecast operating cash flow of about $

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Boeing sets cash flow record, lifts 2017 forecast for jet output

Cisco to buy AppDynamics for $3.7 billion in growth push

By Liana B. Baker and Heather Somerville SAN FRANCISCO (Reuters) – Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business. Legacy technology players like Cisco have been…

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Cisco to buy AppDynamics for $3.7 billion in growth push

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