Category Archives: Close to Home

Apple pushes Launching of HomePod smart speaker to Ancient 2018

Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for these devices becomes increasingly competitive. read more

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Comcast, Verizon approached Twenty-First Century Fox to buy assets: Resources

Comcast Corp and Verizon Communications Inc have approached Twenty-First Century Fox Inc to express interest in purchasing Fox assets which were the subject of recent discussions between Fox and Walt Disney Co, two people familiar with the situation told Reuters on Thursday. read more

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GM plans fleet of profitable electric cars to launch in 2021

General Motors Co intends to establish a new family of electric vehicles in 2021 which will cost less to construct and earn a profit for the U.S. No. 1 automaker, Chief Executive Mary Barra told investors on Wednesday. read more

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TJX shares drop as sales disappoint on fashion miss

TJX Cos Inc disappointed Wall Street, posting its worst quarterly same-store sales performance since 2009, as its fashion apparel failed to click with customers and fewer people bought winter clothes in an unusually hot fall season. read more

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Boeing lands 787 deal with Emirates, striking blow to Airbus

The press release was published, the media encouraged, the first dignitaries started filing into the room. This was the scene on the first day of the Dubai Air Show, when Airbus SE had planned to unveil a keenly awaited lifeline for its A380 super jumbos in the aircraft’s biggest fan: Emirates. read more

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Mattel shares soar on report of Hasbro takeover offer

U.S. toymaker Hasbro Inc has made a takeover approach for rival Mattel Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The approach was made recently, the WSJ said, citing one person. The terms of a potential deal could not be learned, the newspaper added, cautioning there could be no deal. read more

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Equifax reports lower third-quarter earnings after data breach

Equifax Inc on Thursday reported a lesser third-quarter gain as prices from the credit reporting agency’s recently disclosed data breach that exposed profoundly sensitive information about 145.5 million individuals started to mount. read more

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Twenty-First Century Fox’s quarterly revenue beats expectations

Twenty-First Century Fox Inc’s quarterly revenue topped market estimates on Wednesday as higher sales from traditional and online distributors boosted its cable business.

The Rupert Murdoch-controlled company’s shares were up nearly 1 per cent in extended trading. read more

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Snapchat launches redesign after Consumer growth misses analyst expectations

Snap Inc is redesigning its disappearing-message program Snapchat in an effort to reach a wider audience, going back to the drawing board as Wall Street clobbered it for another quarter of slowing consumer development. read more

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Sprint and T-Mobile end merger negotiations

Sprint Corp and T-Mobile US Inc said on Saturday they’ve called off merger talks to create a more powerful U.S. wireless business to rival market leaders, leaving No. 4 supplier Sprint to engineer a turnaround by itself. read more

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