By Diane Bartz and Alexandra Alper (Reuters) -The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of…
(Reuters) -T. Rowe Price, a major shareholder in News Corp, said it had strong reservations about Rupert Murdoch’s plan to reunite News Corp and Fox Corp, The New York Times reported on Friday, joining other investors in dissent over the plan. T. Rowe Price told the newspaper that a merger of the two companies would…
(Reuters) -U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off the year’s biggest shopping event on a strong note. Initial numbers from Adobe Analytics, the data and insights arm of software company Adobe Inc, showed…
(Reuters) – T Rowe Price, a major shareholder of News Corp, said it had strong reservations about the plans of News Corp Chairman Rupert Murdoch to combine the two parts of his media business, News Corp and Fox Corp, The New York Times reported on Friday. T Rowe Price, which owns 12% of News Corp,…
By Arriana McLymore and Doyinsola Oladipo RALEIGH, N.C./ NEW YORK (Reuters) – Inflation-weary shoppers were expected to turn out in record numbers for deals on Black Friday. But thin crowds were seen outside many stores in New York, Raleigh, Chicago and Los Angeles on what historically has been the busiest shopping day of the year….
WASHINGTON (AP) — The U.S. is banning the sale of communications equipment made by Chinese companies Huawei and ZTE and restricting the use of some China-made video surveillance systems, citing an “unacceptable risk” to national security. The five-member Federal Communications Commission said Friday it has voted unanimously to adopt new rules that will block the…
By Carolina Mandl and Ankika Biswas (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, as investors watched Black Friday sales and COVID-19 cases in China. Apple fell 2.0% on news of reduced iPhone shipments from a Foxconn plant in China in…
MILAN (Reuters) – Italian Prime Minister Giorgia Meloni has given cabinet undersecretary Alessio Butti powers to oversee Rome’s strategic policies to develop ultra-fast broadband networks, a government decree seen by Reuters showed on Friday. The move comes ahead of an end-November deadline for state lender Cassa Depositi e Prestiti (CDP) to decide whether to submit…
By Arriana McLymore and Doyinsola Oladipo RALEIGH, N.C./ NEW YORK (Reuters) – Inflation-weary shoppers were expected to turn out in record numbers for deals on Black Friday. But thin crowds were seen outside many stores in New York, Raleigh, Chicago and Los Angeles on what historically has been the busiest shopping day of the year….
By Foo Yun Chee BRUSSELS (Reuters) -U.S. online retail giant Amazon may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to address concerns over its use of sellers’ data, two people familiar with the matter said on Friday. Settling the EU investigations means the company will…
