News highlights – 26 January

Written by on January 27, 2017 in News with 0 Comments

News highlights for 26 January

REUTERS/Yuriko Nakao/File Photo

Toshiba to sell 20% of its chip business, won’t rule out floating later

TOKYO (Reuters) – Toshiba Corp is currently looking to sell less than 20 percent of its memory chip business as it looks to raise capital to offset an upcoming multi-billion dollar charge, but may eventually list it, executives said on Friday. Read more…

Ford to sell plug in device to enable new features

SAN FRANCISCO (Reuters) – Ford Motor Co said on Friday it would sell a plug-in device to enable features like remote start, security alerts, a Wifi hotspot and vehicle location assistance on 2010-2016 model year Ford and Lincoln cars. Read more…

Hong Kong brokers suffer cyber attacks, may face more

HONG KONG (Reuters) – Hong Kong’s securities regulator said brokers in the city had suffered cyber attacks and warned of possible further incidents across the industry. Read more…

Microsoft profits up as cloud demand bolsters business

(Reuters) – Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. Read more…

Ant Financial to acquire MoneyGram

(Reuters) – Ant Financial Services Group, the world’s largest financial technology company, said on Thursday that it would acquire US money-transfer company MoneyGram International for about $880 million in a deal that is expected to shake up the international payments landscape. Read more…

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