By Gerry Shih SHENZHEN, China (Reuters) – China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei’s rotating chief executive Eric Xu told Reuters on Tuesday. Xu’s remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing’s information security policy, already a source of concern for
Hewlett-Packard Co. said it would sell its Snapfish photo-sharing site to District Photo, part of the computer maker’s plan to refocus operations as it splits in two. Snapfish works with retailers to help consumers store, share and print photos online. District Photo, which is based in Beltsville, Maryland, handles digital printing for business and other customers. Meg Whitman, Hewlett-Packard’s chief executive officer, told shareholders last month that the Palo Alto,
By Ryan Vlastelica NEW YORK (Reuters) – The European Union’s antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the “Russian Google” still faces significant challenges, competitive and otherwise. Yandex has amassed a $6.54 billion market capitalization, mainly by selling advertising against the web browser used on 64 percent of Russian desktop computers. With Russian stocks recovering and the EU looking
Some technology and communication firms are helping militants avoid detection by developing systems that are “friendly to terrorists”, Britain’s top anti-terrorism police officer said on Tuesday. Mark Rowley, the national police lead for counter-terrorism, said companies needed to think about their “corporate social responsibility” in creating products that made it hard for the authorities to access material during investigations. “It can be set up in a way which is friendly
This week, 19 information technology companies from the S&P 500 will release results. Two of the most closely watched this earnings season will be Facebook and Google.
Teva has offered to buy Mylan for about $40.1 billion in cash and stock in a deal that would create a powerhouse of generic drug development. If Teva manages to acquire Mylan under the offer announced …
Global stock markets rose on Tuesday, helped by upbeat European earnings and U.S. earnings that were not as bad as feared, but the euro fell on worries about possible Greek loan defaults. In Europe, Publicis (PUBP.PA), Sky (SKYB.L) and ARM Holdings (ARM.L) all rose more than 4 percent after reporting results, with the overall picture of a weaker euro and improving economic conditions driven by the European Central Bank’s (ECB)
Investors should rotate out of the U.S. markets into better-performing emerging markets, says veteran investor Mark Mobius, warning that corporate earnings in the world’s number one economy are poised to disappoint.
Authorities from municipalities across Greece will hold an emergency meeting Tuesday after the government ordered reserves from state enterprises to be placed in a common account to help the country meet …
Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran’s oil minister was quoted on Tuesday by state news agency IRNA as saying. “We expect the members of OPEC to pave the ground for (an) increase of Iran’s oil production that will reach global markets when sanctions are lifted,” Bijan Namdar Zanganeh said during a