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Back to zero: Companies use 1970s budget tool to cut costs as they hunt for growth

By Tim McLaughlin BOSTON (Reuters) – The number of U.S. companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging as they turn their spending habits upside down to boost profits and to re-invest in their businesses. The upswing in zero-based budgeting (ZBB) signals that a broader cross-…

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Back to zero: Companies use 1970s budget tool to cut costs as they hunt for growth

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Trump travel ban stirs faint corporate outcry beyond Silicon Valley

NEW YORK/BOSTON (Reuters) – Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the…

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Trump travel ban stirs faint corporate outcry beyond Silicon Valley

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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

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Samsung Electronics warns of political risks as chips boost Q4 profit

Samsung Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter. The South Korean tech giant and Apple Inc rival …

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Samsung Electronics warns of political risks as chips boost Q4 profit

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China’s WeChat seeks slice of Apple’s app store with ‘mini’ function

China's largest mobile social media network WeChat is offering its 768 million users a function which allows them to by-pass app stores such as Apple's . The launch of “Xiaochengxu”, which translates as “mini…

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China’s WeChat seeks slice of Apple’s app store with ‘mini’ function

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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. Billionaire businessman Masayoshi Son, also the head of Japan's SoftBank Group Corp , pledged a $50 billion investment in the

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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

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Twitter beats estimates, cuts jobs with eye on 2017 profitability

The company is “more disciplined about how we invest in the business” and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Among its priorities, Twitter is dedicated to growing its burgeoning live video offerings through partnerships with organizations such as the National Football League, Noto said. Twitter, which has seen user growth stall amid competition from nimbler rivals such as

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Twitter beats estimates, cuts jobs with eye on 2017 profitability

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U.S. business spending tepid; labor market firming

By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an…

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U.S. business spending tepid; labor market firming

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Qualcomm to buy NXP for $38 billion in biggest chip deal

Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. The acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc , reduce…

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Qualcomm to buy NXP for $38 billion in biggest chip deal

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Fans cheer, but Asia gives iPhone 7 subdued welcome

By Adam Jourdan and Tom Westbrook SHANGHAI/SYDNEY (Reuters) – Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked

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Fans cheer, but Asia gives iPhone 7 subdued welcome

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