Asian Markets Exhibit Mixed Trend

Asian Markets Exhibit Mixed Trend
Asian stock markets are mixed on Tuesday following the lackluster cues overnight from Wall Street amid worries about the impact of rising interest rates, U.S.-China tensions and a slowing Chinese economy. Investors also digested news that the International Monetary Fund has cut its growth forecasts for the world economy, citing trade tensions. The IMF said the global economy is now... Read More

Google drops bid for lucrative Pentagon cloud-computing contract: report

Google drops bid for lucrative Pentagon cloud-computing contract: report
Alphabet Inc.’s GOOGL, -1.02% GOOG, -0.72% Google has withdrawn from consideration for a massive Pentagon cloud-computing contract, citing conflicts with the company’s principles, Bloomberg News reported Monday. Bids for the Joint Enterprise Defense Infrastructure cloud, or JEDI, are due Friday. The contract could last 10 years, and be worth up to $10 billion for the winning bid. “We are not... Read More

Microsoft announces strategic investment in Singapore’s Grab

Microsoft announces strategic investment in Singapore’s Grab
Microsoft Corp. MSFT, -1.14% on Monday announced a strategic investment in Singapore-based ride-hailing company Grab. The five-year deal will see the companies collaborate on technologies including big data, artificial intelligence and mobility solutions, Microsoft said in a statement. The sum of the investment was not announced. “Our partnership with Grab opens up new opportunities to innovate in both a rapidly... Read More

Airbus Appoints Guillaume Faury As CEO

Airbus Appoints Guillaume Faury As CEO
Airbus SE (EADSF.PK, EADSY.PK) said Monday it appointed the head of its plane-making unit, Guillaume Faury, as its next chief executive officer. Faury will succeed Tom Enders in April 2019. Meanwhile, Denis Ranque will continue as Chairman of the Board of Directors until the end of his mandate in April 2020. Tom Enders, CEO of Airbus, today said, “Guillaume is... Read More

Perrigo appoints Murray Kessler as CEO

Perrigo appoints Murray Kessler as CEO
Perrigo Co. PLC PRGO, +1.24% said late Monday that it had appointed Murray Kessler as president and chief executive. Kessler has 30 years of experience in leadership positions and most recently served as CEO of Lorillard Tobacco Co. He will begin his duties immediately and will gain a seat on the board. Former CEO Uwe Roehrhoff will remain “available” for... Read More

Blackbaud dials back revenue, profit expectations

Blackbaud dials back revenue, profit expectations
Cloud software company Blackbaud Inc. BLKB, -3.76% late Monday lowered its outlook for the year, saying it now expects full-year adjusted revenue between $844 million and $854 million, compared with a previous guidance of adjusted revenue between $870 million and $890 million. The company expects full-year adjusted earnings between $2.46 a share and $2.52 a share, from previous expectations between... Read More