Best Buy Co Inc (BBY.N), the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop online.
Industry
Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report
Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
Apple planning 12.9-inch iPad for 2015: Bloomberg
Apple Inc (AAPL.O) is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying on Tuesday.
Google buys video-processing service provider Zync Render
Google Inc (GOOGL.O) said it bought Zync Render, the visual effects cloud-rendering technology company behind "Star Trek Into Darkness". Rendering is the process of generating an image from a 2D or 3D model, or models, using computer programs.
Citi and HSBC among banks to manage $3 bln ONGC share sale -sources
Citigroup and HSBC are among five banks chosen to manage India's planned sale of a stake in state oil company Oil and Natural Gas Corp (ONGC), three sources with direct knowledge of the development said on Monday.
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Shares of Digital Ally Inc, a company that produces wearable cameras, rose as much as 80 percent to $14.25 on Monday as outrage over the fatal police shooting of an unarmed black teenager in Missouri fueled interest in the company's devices.
Asian shares held firm while the euro hit one-year lows on Tuesday as investors increasingly expect the European Central Bank to expand liquidity as soon as next week to boost the sagging euro zone economy.
Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.
Berkshire Hathaway Inc (BRKa.N) chairman and CEO, Warren Buffett, is helping finance Burger King Worldwide Inc's (BKW.N) take over of Canadian chain Tim Hortons Inc (THI.TO), the Wall Street Journal reported, citing people familiar with the matter.
Marketing software provider HubSpot Inc filed with U.S. regulators on Monday for an initial public offering of common stock.
Chevron Corp (CVX.N) has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, according to people familiar with the matter.
Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations.
Sony Corp's (6758.T) PlayStation Network was back online on Monday following a cyber attack that took it down over the weekend, which coincided with a bomb scare on a commercial flight carrying a top Sony executive in the United States.
U.S. regulators are likely to approve Merck & Co's highly anticipated immuno-oncology drug, pembrolizumab, as a treatment for melanoma well ahead of a late October deadline, according to three sources familiar with the situation.
