In a clash of corporate titans over naming rights in a fast-changing industry, Microsoft and its Skype phone service came out on the losing side of an EU court battle on Tuesday with Rupert Murdoch’s television business Sky. Judges at the General Court of the European Union in Luxembourg upheld a complaint that the British broadcaster lodged a decade ago with the EU trademark authority in which it said the
By David Morgan WASHINGTON (Reuters) – Chinese drone maker SZ DJI Technology Co Ltd has secured one of its largest investments yet from a Silicon Valley venture capital firm that was an early backer of Internet pioneers such as Facebook Inc, Etsy Inc and Dropbox. The Shenzhen-based company, a global leader in selling commercial and recreational drones, said on Wednesday that Palo Alto, California-based Accel Partners had agreed to invest
By Julia Fioretti BRUSSELS (Reuters) – The European Commission will conduct a comprehensive review this year of the role of web giants such as Google, Facebook and Amazon to decide whether it should regulate them more tightly, it said on Wednesday. The review, which had been expected, is part of a Digital Single Market Strategy unveiled by Commission Vice-President Andrus Ansip on Wednesday. A wide-ranging policy paper, it lays out
Federal Reserve Chair Janet Yellen on Wednesday pointed to high valuations in the stock market and said the central bank needs to keep close tabs on the non-bank lending sector.
Despite reports that Microsoft is interested in buying Salesforce.com, Oracle is still the most likely buyer, analysts said Wednesday.
The Blackstone CEO tells Yahoo Finance explains his take on the U.S. economy and why his company’s returns have outpaced the market.
Former Chief Economic Adviser to Vice President Biden, Jared Bernstein, says the new trade deals are unlikely to create growth because the White House missed an opportunity to impose currency discipline.
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the …
Private payrolls increased 169,000 last month, the ADP National Employment Report showed. While it has a poor track record of predicting nonfarm payrolls, the ADP report poses a downside risk to economists’ expectations for nonfarm payrolls growth of 224,000 in April.
Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. “We haven’t seen hedge funds and money managers to be as optimistic and bullish as they are currently,” said Vyanne Lai, an oil analyst with National Australia Bank. Industry group the American Petroleum Institution (API) said on Tuesday