German business software maker SAP is on track to meet its 2015 targets and is not seeing a change in business environment and macro-economic factors, it finance chief said on Thursday. “The current environment is not changing from what I have seen in the first half of the year,” Chief Financial Officer Luka Mucic told reporters at SAP’s headquarter in Walldorf. “Business environment is unchanged, we have confirmed guidance and
By Julia Love SAN FRANCISCO (Reuters) – Journalists and analysts crowded outside a century-old San Francisco arena where Apple Inc is expected to unveil a pair of new iPhones, a larger iPad and an updated Apple TV on Wednesday. As lines stretched out across the square that links San Francisco City Hall to the 6,000-seat Bill Graham Civic Auditorium, which is adorned with a big Apple logo, Apple Senior Vice
By Julia Love SAN FRANCISCO (Reuters) – With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San Francisco on Wednesday, analysts say, in addition to showing off a larger iPad and an updated Apple TV. When Apple executives take the stage at the Bill Graham Civic Auditorium, investors will be scrutinizing their plans for the next
Barnes & Noble Inc, the largest U.S. bookstore chain, reported a decline in sales for the fifth successive quarter as lower demand for its Nook tablets and online books compounded a protracted slump in sales at its stores. The company’s shares fell as much as 16.6 percent on Wednesday. In recent years, stiff competition from online retailers such as Amazon.com Inc has eaten into sales at Barnes & Noble’s bookstores
(Reuters) – Wall Street analysts tempered their view on Yahoo Inc’s stock after the company’s plans for a tax-free spinoff of its stake in Alibaba Group Holdings Ltd hit a snag. Yahoo said on Tuesday the U.S. Internal Revenue Service (IRS) denied its request for a private letter ruling (PLR) on a possible tax-free deal that could fetch it $23 billion. The spinoff is planned for later this year.
The European Commission has still to determine whether it will charge Google with market abuse over its Android mobile operating system, Competition Commissioner Margrethe Vestager said on Tuesday. The Commission, which is in charge of antitrust issues in the European Union, accused Google in April of cheating competitors by distorting Internet search results in favor of its Google shopping service and at the same time opened the Android probe. “On
(Reuters) – Ebay Inc released an upgrade to its mobile app for iOS and Android that provides more information to first-time sellers and includes a new dashboard for frequent sellers. Ebay has been trying to improve sales in its core marketplace business after spinning off PayPal Holdings Inc and selling its enterprise business in July. Ebay released a Beta version of the app, eBay 4.0, for both iOS and Android
By Mari Saito SAN FRANCISCO (Reuters) – Online retailer Amazon.com Inc said on Tuesday it will begin offering its own restaurant delivery service to Prime members in Seattle, marking its first push into an increasingly crowded market for meal delivery known for razor-thin margins. Amazon customers will be able to order food from dozens of restaurants in the Seattle area using the company’s Prime Now app – with the delivery
By Joseph Ax NEW YORK (Reuters) – A U.S. appeals court on Wednesday will consider whether U.S. law enforcement can make American technology companies hand over customers’ emails held overseas, in a case closely watched by privacy advocates, news organizations and business groups. Microsoft Corp is challenging a U.S. search warrant seeking the emails of an individual stored on a server in Ireland as part of a drug investigation. The
(Reuters) – Chinese e-commerce company JD.com Inc, which has lost a third of its market value since mid-June, said on Tuesday it planned to buy back up to $1 billion of its American Depositary Shares (ADS) over the next two years. JD.com joins several other big Chinese companies, including far-larger rival Alibaba Group Holding Ltd, that have announced buyback plans recently as worries about China’s economy hits share prices. The
