Microsoft continues TikTok takeover talks after Trump's thumbs-up
Other investors in ByteDance were reported on Friday to also be putting together a potential bid for TikTok, with a valuation of around US$50bn
Company
Memex Automation
CVE:OEE
Memex Automation is the leader in real-time shop-floor-to-top-floor technology solutions. Memex’s flagship product MERLIN delivers Overall Equipment Effectiveness (OEE) metrics in real-time, enabling manufacturers to enhance production and increase income and profits from operations.
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Microsoft sees cloud computing business Azure post under 50% quarterly sales growth for first time
For its fourth quarter to June 30, 2020, revenue in Microsoft’s Intelligent Cloud segment rose by 17% to $13.4 billion, with 47% growth in Azure
Microsoft plans to give journalists the boot and replace them with robots
The computing giant is reportedly planning to use AI to curate stories and headlines on its MSN website as part of an ongoing evaluation of its business
Microsoft cloud sales get big boost in demand from lockdown workers
“We’ve seen two years’ worth of digital transformation in two months,” said chief executive officer Satya Nadella
S&P/ASX 200 futures down as markets become eerie, Trump to speak pre-market
Last Friday the S&P 500 closed down 4.34% and the Nasdaq Composite closed down 2.30%.
Microsoft warns it will miss guidance as coronavirus disrupts supply-chain operations
The firm told shareholders that it likely will not meet its quarterly revenue guidance for its PC segment
Microsoft posts stronger-than-expected Q2 results, ups Q3 revenue guidance
The software giant revealed 14% year-on-year growth in second-quarter revenue to $36.91 billion, better than the $35.68 billion expected by analysts
Microsoft tops expectations as cloud computing boosts earnings
The computing giant reported first-quarter earnings of US$1.38 per share, above analyst predictions of US$1.25, while revenues came in at US$33.06bn compared to estimates of US$32.2bn
Microsoft boosted by approval of new $40 billion stock buyback program, 11% dividend hike
It is the third time the software giant’s board has authorized a buyback plan of that size, having previously done so in 2013 and again in 2016
AT&T jumps after activist investor announces $3.2B stake, pens open letter calling for restructuring
Elliot Management Corp predicted shares could reach $60 by the end of 2021 under its "Activating AT&T" plan
Rival streaming services could cost Netflix 65% of its viewing hours, says Wedbush
The launch of rival streaming services by the likes of Disney and NBCUniversal was expected to result in a slow bleed of content away from Netflix's service
GAME Digital is a high-profile casualty of a revolution in the video game markets
The high street retailer has borne the brunt of an increasing swing from physical disks to digital video game sales
Hardware & electrical equipment
Facebook unveils new Libra cryptocurrency
The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
IPO Roundup: Avantor, Bricktown Brewery and Fastly among this week’s hot IPOs
Over half a dozen IPOs are expected to price, including two pharmaceutical firms, an American comfort food chain, and a Chinese challenger to Starbucks
Hardware & electrical equipment
Apple breaks through US$1trn and reclaims its number one position
The tech giant reclaimed its position as the world’s most valuable publicly-traded company when trading opened on Wall Street
Investments and investor services
LATE MOVERS: 3M shares plummet after guidance cut; Xilinx falls double digits on Solarflare acquisition
Also moving Thursday were Facebook, Nokia, Tesla, Microsoft and Lam Research
Hardware & electrical equipment
Microsoft flies above $1trn high as cloud lifts earnings
The Windows software developer is currently the most valuable company in the world
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Canadian stock markets close down as Bank of Canada holds interest rates steady
Canadian economic growth during the first half of 2019 is now expected to be slower than anticipated in January, the Bank said in a statement, citing oil price declines and a backlog in exporting crude oil as key reasons why investment has
LATE MOVERS: McDonald's stock hits all-time high as Wells Fargo boosts target; New Age Beverages extends licensing agreement with Bob Marley's family
Also moving Wednesday were AT&T, Boeing, Anadarko Petroleum and Snap