Other News

JD.com to sell Microsoft’s Xbox One games console in China

BEIJING Sun Jul 27, 2014 10:41pm EDT (Reuters) – JD.com Inc, China’s second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp’s Xbox One games console in China from July 28 to July 30, the firm said on Monday. The pre-orders will be taken via Tencent Holdings’ mobile social networks Mobile QQ and WeChat, known as Weixin in China, JD.com said in a statement. Tencent holds a 17.6 percent stake in JD.com. The […]

Dell, BlackBerry downplay threat from Apple-IBM alliance

By Euan Rocha and Alastair Sharp TORONTO Fri Jul 25, 2014 3:11pm EDT (Reuters) – IBM Corp’s recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now. Top executives at Dell and BlackBerry Ltd scoffed at the threat posed by the alliance this week, arguing the tie-up is unlikely to derail the efforts of […]

Facebook says SEC’s IPO probe ends, extending WhatsApp closing date

Fri Jul 25, 2014 3:55pm EDT (Reuters) – Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May “notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC.” Facebook shares began trading on May 18, 2012, but soon […]

Apple iPhones allow extraction of deep personal data, researcher finds

By Joseph Menn SAN FRANCISCO Fri Jul 25, 2014 9:00pm EDT (Reuters) – Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees, the company acknowledged this week. The same techniques to circumvent backup encryption could be used by law enforcement or others with access to the “trusted” computers to which the devices have been connected, according to the security expert who prompted […]

Investors pin growth hopes on U.S. as Ukraine crisis casts shadow on Europe

By John O’Donnell FRANKFURT Sun Jul 27, 2014 5:04am EDT (Reuters) – With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy. Wednesday’s U.S. gross domestic product (GDP) reading and jobs data on Friday will help markets to judge the strength of the economy’s rebound and the likely speed of the Federal Reserve’s return to more conventional monetary […]

JP Morgan questioned on private bank impropriety: WSJ

Sun Jul 27, 2014 9:06pm EDT (Reuters) – JPMorgan Chase & Co executives have faced regulators’ questions on whether private bank advisors guide clients to buy the firm’s own financial products, according to a report in the Wall Street Journal. As a result of the questioning regarding potential conflicts of interest, the New York-based bank has sharpened its disclosures to clients, the newspaper said, citing sources. The Office of the Comptroller of the Currency, one […]

Asia stocks dip after earnings hurt Wall Street, dollar buoyed

By Shinichi Saoshiro TOKYO Sun Jul 27, 2014 8:22pm EDT (Reuters) – Asian stocks dipped in early trade on Monday after disappointing earnings hit Wall Street, while the dollar hovered near six-months peaks against a basket of major currencies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.1 percent, taking cues from Wall Street where lackluster results from bellwether names Visa and Amazon triggered a discretionary sell-off on Friday. Tokyo’s Nikkei  shed […]