News highlights – 29 January

Written by on January 30, 2017 in News with 0 Comments

News highlights for 29 January

REUTERS/Lucas Jackson/File Photo

Snapchat to reveal financials within a week, ahead of IPO

(Reuters) – Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week as it moves toward its eagerly awaited initial public offering (IPO), sources familiar with the situation said on Friday. Read more…

Silicon Valley leads corporate resistance to Trump immigration policy

SAN FRANCISCO (Reuters) – Silicon Valley took the lead over the weekend in corporate resistance to President Donald Trump’s clampdown on immigration, financing legal opposition, criticizing the plan, as well as helping employees ensnared by his executive order. Read more…

Vodafone in discussions to merge with Idea Cellular

Vodafone has confirmed that it is in discussions with the Aditya Birla Group about an all-share merger of Vodafone India and Idea Cellular. The potential deal would exclude Vodafone’s 42 percent stake in Indus Towers, Vodafone said. Read more…

Safaricom shifts funding focus to fixed line data

NAIROBI (Reuters) – Kenya’s Safaricom is reallocating funds to build up its fixed-data network to connect homes to the Internet, as demand grows for online streaming services like Netflix, chief executive Bob Collymore told Reuters. The fixed-data market in Kenya is dominated by Wananchi Group’s Zuku brand and Jamii Telecoms. Read more…

Wall Street bet on 10th anniversary iPhone being a winner

SAN FRANCISCO (Reuters) – Wall Street has regained an appetite for Apple as investors bet that the release of a 10th-anniversary iPhone and pent up customer demand will shore up shrinking sales. Read more…

Microsoft market cap tops $500 billion, 17 years after last time

(Reuters) – Microsoft Corp’s market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations. Read more…

Bitcoin wallet provider gets conditional approval to operate in Switzerland

ZURICH (Reuters) – Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland’s financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency. Read more…

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