Reuters - Business Today

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Tuesday, January 9, 2018

IPhone addiction may be a virtue, not a vice for investors

NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.

BOJ bond tweak buoys yen, stocks rally rumbles on

LONDON (Reuters) - A tweak to the Bank of Japan's bond-buying program shunted the yen higher on Tuesday, while gains from commodity stocks as oil hit its highest since 2015 helped world shares maintain their flying start to the year.

GM races to build a formula for profitable electric cars

DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021.

Intel says Mobileye's autonomous driving tech to be used in two million vehicles

(Reuters) - Intel Corp Chief Executive Brian Krzanich said on Monday 2 million vehicles from BMW , Nissan Motor Co Ltd and Volkswagen AG would use its unit Mobileye's autonomous vehicle technology to crowdsource data for building maps that enable autonomous driving.

Futures edge up, S&P set for record open

(Reuters) - U.S. stock futures edged higher on Tuesday, keeping alive Wall Street's 2018 winning streak that is powered by robust economic data and expectations of earnings boost from corporate tax cuts.

Infosys signs agreement with U.S. IRS; sees lower tax rate

(Reuters) - Indian software services company Infosys Ltd on Tuesday said it has signed an agreement with the U.S. Internal Revenue Service (IRS), resulting in an effective tax rate of about 100 basis points lower going forward.

Target's holiday sales rise 3.4 percent, boosts profit forecast

(Reuters) - Target Corp on Tuesday said its comparable store sales for November and December rose 3.4 percent, driven by strong traffic growth and online sales, leading it to raise its fourth quarter profit forecast.

Airbus says to boost China assembly, but wins no new jet order

PARIS (Reuters) - European planemaker Airbus said it planned to boost the number of planes it makes in China under a deal signed in Beijing on Tuesday to expand co-operation at its Tianjin assembly plant.

Tesco top in UK Christmas trading battle: Kantar Worldpanel

LONDON (Reuters) - Britain's biggest supermarket group Tesco was the best performer over Christmas, Kantar Worldpanel said on Tuesday, with a 3.1 percent rise in sales in the past 12 weeks beating its "big four" rivals Sainsbury's, Asda and Morrisons.

Alibaba will 'seriously consider' Hong Kong listing, says founder Ma

SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd will "seriously consider" listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings.