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Friday, May 31, 2019

Major Hollywood studios may reconsider Georgia business over abortion law

The producer of the hit television series "The Walking Dead" and other major Hollywood film and TV studios said on Thursday they would reconsider locating productions in Georgia if a new state law restricting abortions takes effect.


from Reuters: Business News https://reut.rs/30X5TCX

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.


from Reuters: Business News https://reut.rs/2XpmLje

Dell revenue misses as China softness hits server business

Dell Technologies Inc reported lower-than-expected revenue in the first quarter as its server business declined for the first time in 10 quarters amid economic conditions weighing on demand in China.


from Reuters: Business News https://reut.rs/2HLURZC

Gap cuts profit forecast after 'extremely challenging' quarter; shares slump 11%

Gap Inc cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand, underscoring its struggles to compete with fast-fashion retailers in the face of changing customer preferences.


from Reuters: Business News https://reut.rs/2EIlhcG

Dell planning for potential fourth round of U.S. tariffs

Dell Technologies Inc Chief Financial Officer Thomas Sweet said on Thursday that the computer maker has been planning for a potential fourth round of U.S. tariffs on Chinese goods that could impact notebooks and monitors.


from Reuters: Business News https://reut.rs/2IdV7iP

Thursday, May 30, 2019

Google bans apps that facilitate sale of marijuana

Alphabet Inc's Google on Wednesday banned apps on its app store that facilitate the sale of marijuana or related products, as part of a change to its content policy.


from Reuters: Business News https://reut.rs/2MgsNSw

Chinese computer research body to cut ties with division of U.S.-based IEEE

Beijing-based technology research group The China Computer Federation (CCF) is suspending communications with a U.S. based engineers' association in the latest example of fallout from the U.S. embargo on phone maker Huawei Technologies [HWT.UL].


from Reuters: Business News https://reut.rs/2Kg6QjF

Petrol and diesel prices hit highest since 2022

The cost of filling up a vehicle has rebounded, according to the RAC, as oil prices remain elevated. from BBC News https://ift.tt/rlLS8DK