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UBS hopes Trump-led rally will help boost wealth management

UBS hopes a Donald Trump-inspired rally in the United States will help boost earnings at its struggling wealth management business after posting a 47 percent fall in full-year net profit. With profit from its core wealth management business under pressure, the bank pointed to growing investor confidence in the United States towards the end of 2016 as a …

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UBS hopes Trump-led rally will help boost wealth management

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Microsoft profit up as demand for cloud service soars

Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. Since taking charge in 2014, Chief Executive Satya Nadella has…

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Microsoft profit up as demand for cloud service soars

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Alphabet posts strong revenue growth, higher taxes hit earnings

Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. While advertising still accounts for the lion's share …

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Alphabet posts strong revenue growth, higher taxes hit earnings

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Italy looking at Google proposal to close tax dispute: source

Italy's tax authorities are looking at a proposal from Google to pay between 270 million and 280 million euros ($296 million) to wrap up a tax dispute, a source close to the matter said on Tuesday. Earlier this year Italian tax police presented a claim against Google for the non payment of taxes …

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Italy looking at Google proposal to close tax dispute: source

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Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. “As is common with deals of this size, there will be some overlaps we will need to manage

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Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

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Google to buy software developer Apigee for $625 million

By Julia Love and Natalie Grover SAN FRANCISCO (Reuters) – Alphabet Inc's Google said on Thursday it is acquiring software developer Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business. The service is critical for businesses transitioning to the cloud, Diane

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Google to buy software developer Apigee for $625 million

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Apple boss Cook to tap Indian software talent during maiden visit

By Himank Sharma and Rupam Jain MUMBAI/NEW DELHI (Reuters) – Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook's maiden visit. Cook, who…

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Apple boss Cook to tap Indian software talent during maiden visit

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Apple boss Cook to tap Indian software talent during maiden visit

By Himank Sharma and Rupam Jain MUMBAI/NEW DELHI (Reuters) – Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook's maiden visit. Cook, who arrives in India late on Tuesday, is making his Indian debut just as the country emerges as one of…

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Apple boss Cook to tap Indian software talent during maiden visit

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Canadian love affair with Manhattan real estate seen unabated

By Allison Lampert MONTREAL (Reuters) – Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with …

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Canadian love affair with Manhattan real estate seen unabated

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BlackBerry cuts 200 jobs in Ontario and Florida to trim costs

BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. “As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce,” the company said in an emailed statement. The layoffs will affect

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BlackBerry cuts 200 jobs in Ontario and Florida to trim costs