Business

WASHINGTON (Reuters) – A telecommunications standards organization – GSMA – said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc (T.N) and Verizon Communications Inc (VZ.N) to hinder consumers from easily switching wireless carriers. FILE PHOTO: GSMA flags fly
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(Reuters) – General Electric Co (GE.N) posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher. FILE PHOTO: A pedestrian walks past a General Electric (GE) facility in Medford, Massachusetts, U.S., April 20, 2017. REUTERS/Brian Snyder/File Photo GE affirmed its
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NEW YORK/LONDON (Reuters) – Drugmaker Shire (SHP.L) has rejected a third takeover bid worth nearly $63 billion from Japan’s Takeda Pharmaceutical (4502.T), although talks are continuing, while sources said Allergan (AGN.N) was also in competing negotiations. FILE PHOTO: Takeda Pharmaceutical’s signboard is seen on its headquarters building in Tokyo, Japan January 30, 2018. REUTERS/Kim Kyung-Hoon/File
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LONDON (Reuters) – Sky (SKYB.L) Chief Executive Jeremy Darroch said he had no interest in running WPP (WPP.L), the world’s biggest ad group which is searching for a new chief executive after the abrupt departure of Martin Sorrell on Saturday. FILE PHOTO – BSkyB Chief Executive Jeremy Darroch speaks at the CBI annual conference in
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LONDON/NEW YORK/HONG KONG (Reuters) – The United States has banned American firms from selling parts and software to China’s ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world’s two largest economies. The move, first reported by Reuters, comes at a time when the two countries have
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LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years after breaking an agreement reached after it was caught illegally shipping goods to Iran, U.S. officials said on Monday. The U.S. action, first reported by Reuters (reut.rs/2H3p0Vl), could be devastating
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