Snap expects some IPO investors to make year-long commitmentsMon, 27 Feb 2017 19:54:38 -0500 (Reuters) - Snap Inc, owner of popular messaging app Snapchat, disclosed on Monday that it expected investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year.
Huawei staff fear cuts as smartphone profits disappointTue, 28 Feb 2017 01:54:19 -0500 HONG KONG/BARCELONA (Reuters) - Staff at China's Huawei Technologies Co Ltd [HWT.UL] are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets.
Buffett tells CNBC Berkshire bought 120 million Apple shares in 2017Mon, 27 Feb 2017 15:55:55 -0500 NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire's biggest equity holdings, and that U.S. stocks overall were not in "bubble territory."
Tesla plunges another 5 percent on fears of Model 3 delaysMon, 27 Feb 2017 14:38:04 -0500 SAN FRANCISCO (Reuters) - Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan.
JPMorgan, Microsoft, Intel and others form new blockchain allianceMon, 27 Feb 2017 17:52:22 -0500 NEW YORK (Reuters) - JPMorgan Chase & Co , Microsoft Corp , Intel Corp and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.
Records show EPA's Pruitt used private email, despite denial <p>Environmental Protection Agency administrator Scott Pruitt occasionally used private email to communicate with staff while serving as Oklahoma's attorney general, despite telling Congress that he had always used a state email account for government business.</p>
Yemen probes underway but perhaps not the one Navy SEAL’s father wants <p>The Jan. 29 raid that killed the Navy SEAL son of a former South Florida police officer is currently the subject of three Pentagon investigations. But it remains to be seen whether any of those probes will satisfy Bill Owens’ demand to know why the raid took place just nine days into the Trump administration.</p>
Russia pledges to veto UN sanctions resolution on Syria Russia pledged to veto a Western-backed U.N. resolution Tuesday that would impose sanctions on 21 Syrian individuals, organizations and companies allegedly involved in chemical weapons attacks in the war-ravaged country.
Gripped by fear of ICE sweeps, town tries to separate fact from rumor The housekeeper panicked when she heard about Immigration and Customs Enforcement agents descending on Santa Paula. The 40-year-old, a Mexican immigrant in the U.S. illegally, called her boss and asked for that Friday off. When she returned Monday, another housekeeper had already taken her place.
Bush on Trump's war with the media, Russia and more In a wide-ranging interview that shied away from directly criticizing the current commander-in-chief, former President George W. Bush said it's critical for the media to hold accountable "people who abuse their power."