fiscal-year

Twitter charts solo path as Salesforce rules out takeover

Twitter and Chief Executive Officer Jack Dorsey may now have to chart an independent course in the face of stagnant user growth, heavy losses and mounting competition from the likes of Facebook's Instagram and Snap Inc's Snapchat. Dorsey is likely to face intense scrutiny over his continued role as CEO of both Twitter and the payment company Square , especially if the company's next quarterly report in late October is as weak as some analysts expect. Twitter grew rapidly …

More here:
Twitter charts solo path as Salesforce rules out takeover

fiscal-year

U.S. bans Samsung Galaxy Note 7 smartphones from air travel

Samsung Galaxy Note 7 smartphone devices will be banned from aircraft in the United States starting on Saturday at noon EDT (1600 GMT) under an emergency order, regulators said on Friday after numerous reports of the

Original post: 
U.S. bans Samsung Galaxy Note 7 smartphones from air travel

fiscal-year

India and Russia sign energy, defense deals worth billions

India and Russia signed billions of dollars of defense and energy deals on Saturday at a summit that sought to inject new life into a relationship that has been tested by shifting global alliances and conflict in the Middle East. Under the biggest agreement, a group led by Russian state oil major Rosneft said it would pay $12.9 billion for a controlling stake in both India's Essar Oil and port facilities that it owns. The countries, …

Original post:
India and Russia sign energy, defense deals worth billions

fiscal-year

U.S. fiscal year budget deficit widens to $587 billion

The U.S. budget deficit widened to $587 billion for the fiscal year 2016 on slower-than-expected revenues and higher spending for programs including Social Security and Medicare, the Treasury Department said on Friday. It was the first time the deficit increased in relation to economic output since 2009, according to figures from the Congressional Budget Office. Last fiscal year's deficit was $439 billion

Read the rest here:
U.S. fiscal year budget deficit widens to $587 billion

fiscal-year

Apple fight could escalate with demand for ‘source code’

By Joseph Menn SAN FRANCISCO (Reuters) – The latest filing in the legal war between the planet’s most powerful government and its most valuable company gave one indication of how the high-stakes confrontation could escalate even further. In what observers of the case called a carefully calibrated threat, the U.S. Justice Department last week suggested that…

More:
Apple fight could escalate with demand for ‘source code’

fiscal-year

Wal-Mart Japan to focus on remodeling stores, no plans to exit market

Wal-Mart Stores expects its Japan business to focus on remodeling existing stores rather than opening new ones this year, citing fierce competition and consumer reluctance to spend freely amid uncertain economic times. Despite bold monetary and fiscal stimulus, Japan's consumer spending has been hit by a 2014 hike in the national sales …

View original post here: 
Wal-Mart Japan to focus on remodeling stores, no plans to exit market

fiscal-year

Toshiba to unveil business plan on Friday

Japan's Toshiba Corp announced it will unveil on Friday its business strategy for the next fiscal year, which, analysts say, will include plans to boost its finances after a $1.3 …

More here:
Toshiba to unveil business plan on Friday