News highlights – 10 October

Written by on October 11, 2016 in News with 0 Comments

News highlights for 10 October

mike mols / Shutterstock.com

mike mols / Shutterstock.com

Apple stock hits highest since December on Samsung Note 7 fire crisis

SAN FRANCISCO (Reuters) – Apple Inc’s stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Read more…

Salesforce still mulls bid for Twitter as shareholders resist: sources

(Reuters) – Salesforce.com Inc is still deliberating whether it should make an offer for Twitter Inc in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, people familiar with the matter said on Monday. Read more…

Microsoft, Banco Votorantim partner on Brazil fintech investments

SAO PAULO (Reuters) – Microsoft Corp and Brazilian lender Banco Votorantim are investing together in financial technology startups, executives said in a Monday interview, as the U.S. tech company adds a new specialty to its venture capital portfolio in Brazil. Read more…

Yahoo disables automatic email forwarding feature: AP

(Reuters) – Yahoo Inc disabled automatic email forwarding at the beginning of the month, the Associated Press reported, citing several users. Read more…

US top court to hear Apple-Samsung feud over iPhone designs

NEW YORK (Reuters) – After five years of litigation, the U.S. Supreme Court will hear arguments on Tuesday in the bitter patent dispute between the world’s two top smartphone manufacturers over the amount Samsung should pay Apple for copying the iPhone’s distinctive look. Read more…

Twitter’s shares slump on report that potential bidders lose interest

(Reuters) – Twitter Inc’s shares slumped more than 13 percent in early trading on Monday after a weekend Bloomberg report that top potential bidders, including Salesforce.com Inc, had lost interest in making a bid for the company. Read more…

Medtech startup teams with GM on robotic glove for assembly lines

STOCKHOLM (Reuters) – Bioservo Technologies, a medical technology firm that makes a light-weight robotic “extra muscle” glove for people with weak grips is teaming up with carmaker General Motor to design a model for assembly workers in industry. Read more…

Portugal cab drivers block Lisbon airport in anti-Uber protest

LISBON (Reuters) – Thousands of Portuguese cab drivers blocked access to Lisbon international airport on Monday to protest government plans to regulate alternative ride-hailing services like Uber, and vowed to maintain their blockade until their demands are met. Read more…

EU’s Vestager says not investigating Google’s European tax deals

BRUSSELS (Reuters) – EU regulators who are investigating whether Alphabet unit Google is abusing its market power have has not extended their scrutiny to its tax deals with national authorities across Europe, the EU’s antitrust chief said on Monday. Read more…

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