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Thursday, August 1, 2019

Amazon in early talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd's retail unit to buy an up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday.


from Reuters: Technology News https://ift.tt/2YfScRL

Thomson Reuters raises outlook as revenue growth picks up

Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth for the second quarter, which it said was its best since 2008 and ahead of its expectations.


from Reuters: Technology News https://ift.tt/2OyLull

Infineon confirms reduced guidance, says Cypress deal on track

German chipmaker Infineon expects to meet its lowered guidance for the year to Sept. 30, it said on Thursday after posting third-quarter sales and profit in line with market expectations.


from Reuters: Technology News https://ift.tt/2YjRnHx