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16 hours 1 minute ago

Citing Reuters report, health groups push tech firms to police tobacco marketing

More than 100 public health and anti-tobacco organizations are calling on Facebook Inc, Instagram, Twitter and Snap Inc to take "swift action" to curb advertising of tobacco products on their platforms.

16 hours 30 minutes ago

U.S. judge hammers Qualcomm in antitrust case, shares sink 13%

Qualcomm Inc used unlawful, anticompetitive practices to license patents for modems used in mobile phones, a judge has ruled in a case brought by the U.S. trade regulator, ordering it to renegotiate major deals and change how it does business.

16 hours 35 minutes ago

Exclusive: Tencent and Riot Games developing mobile version of League of Legends -sources

China's Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of "League of Legends", the world's most popular desktop-based game, three sources with knowledge of the matter told Reuters.

16 hours 49 minutes ago

U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter.

16 hours 51 minutes ago

Apple more upfront with iPhone users on battery health: UK watchdog

Britain's competition watchdog said on Wednesday that Apple Inc has committed to be "clearer and more upfront" with iPhone users about battery health and performance, after the regulator looked into consumer concerns on the matter.

16 hours 52 minutes ago

British Steel falls into liquidation after failing to secure funding

British Steel, the country's second largest steel producer, has collapsed after failing to secure emergency government funding, jeopardising some 25,000 jobs, Britain's Official Receiver said on Wednesday.

17 hours 20 minutes ago

Same-day deliveries, store revamps drive Target's strong results

Target Corp beat first-quarter estimates for same-store sales and profit on Wednesday, as the retailer's strategy to invest more in its delivery services and revamp stores drew in more shoppers, sending its shares up more than 9%.

17 hours 35 minutes ago

Commerzbank open to M&A after Deutsche Bank talks collapse

Commerzbank may refine its strategy and is still open to mergers following the collapse of talks with its larger rival Deutsche Bank, the lender's chief executive said on Wednesday.

17 hours 37 minutes ago

Futures dip on reports U.S. to target another Chinese firm

U.S. stock index futures dipped on Wednesday, as fears of a possible escalation in the trade war between the United States and China were rekindkled after reports that Washington could impose sanctions on another Chinese company.

17 hours 40 minutes ago

Oil prices down on swelling U.S. stockpiles, demand concerns

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.