Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan.
Sectors
BlackBerry shares up after unconfirmed report on possible Lenovo bid
BlackBerry (BB.TO) (BBRY.O) shares rose more than 3 percent on Monday after a news website said Chinese computer maker Lenovo Group (0922.HK) might offer to buy the Canadian technology company.
DH Capital Advises Clear Measures on Sale to Data Intensity
DH Capital, an investment banking firm serving companies in the Internet infrastructure, communications and SaaS sectors, is pleased to announce that it served as exclusive financial advisor to Clear Measures, a business analytics and database management specialist, on its sale to Data Intensity, the industry leader in application management and cloud services for Oracle technologies and applications.
Apple's iPhone sales beat Street but iPad volumes slide
Apple Inc (AAPL.O) forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets.
Banks to get instruction manual for submitting Libor quotes
Banks who submit quotes for compiling Libor interest rates will have to follow a manual of instructions to avoid a repeat of the rigging seen in the past, the benchmark's new administrator said on Monday.
Latest News
British pub chain Spirit Pub Company Plc (SPRTC.L) said its board was in talks with ale maker Greene King Plc (GNK.L) on a revised 109.5 pence-per-share takeover offer, valuing Spirit Pub at 723.3 million pounds ($1.16 billion).
IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter.
Brad Pitt's gritty World War Two drama "Fury" conquered all box office foes over the weekend, ringing up $23.5 million in ticket sales at theaters in the United States and Canada.
Sovereign wealth fund Qatar Holding LLC has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings (1212.HK), operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday.
An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday.
Microsoft Corp. (MSFT.O) is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday.
German airline Lufthansa (LHAG.DE) canceled 1,450 flights after a pilots union called for a strike on Monday and Tuesday, adding to travelers' misery after millions were left stranded by a weekend-long train drivers' stoppage.
Cliffs Natural Resources Inc (CLF.N) said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent.
Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy battered by years of political turmoil.
