Diversity helps UBS defy banking gloom with profit rise

Diversity helps UBS defy banking gloom with profit rise
ZURICH (Reuters) – UBS (UBSG.S) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Lim/File Photo Switzerland’s biggest bank also said gains in its... Read More

Slimmed-down WPP to net $3.1 billion selling Kantar stake to Bain

Slimmed-down WPP to net $3.1 billion selling Kantar stake to Bain
(Reuters) – WPP (WPP.L) is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild. The corporate logo of WPP is seen in this picture from 2018, obtained July 12, 2019.... Read More

Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals

Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
SAN FRANCISCO (Reuters) – Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermid The Alphabet Inc (GOOGL.O) subsidiary is testing... Read More

EU opens road to 5G connected cars in boost to BMW, Qualcomm

EU opens road to 5G connected cars in boost to BMW, Qualcomm
BRUSSELS (Reuters) – European Union states opened the way to competing technologies for internet connected cars on Thursday, rejecting a European Commission push for a wifi-based standard backed by Volkswagen (VOWG_p.DE). FILE PHOTO: Signs of Qualcomm and 5G are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song/File Photo The result represents a win for... Read More

William Hill to close British betting shops, cut jobs after curbs

William Hill to close British betting shops, cut jobs after curbs
(Reuters) – William Hill (WMH.L) plans to cut about a third of its betting shops and jobs in Britain after the government slashed the maximum stake permitted on fixed-odds terminals, dubbed the “crack cocaine” of gambling by their critics. FILE PHOTO: A branded sign is displayed outside a William Hill betting shop in London, Britain July 25, 2016. REUTERS/Neil Hall... Read More

William Hill to shut 700 British betting shops after curbs

William Hill to shut 700 British betting shops after curbs
(Reuters) – William Hill (WMH.L) plans to cut about a third of its betting shops and jobs in Britain after the government slashed the maximum stake permitted on fixed-odds terminals, dubbed the “crack cocaine” of gambling by their critics. FILE PHOTO: A branded sign is displayed outside a William Hill betting shop in London, Britain July 25, 2016. REUTERS/Neil Hall... Read More

Wall Street rises as trade hopes drive tech gains; S&P at record-high

Wall Street rises as trade hopes drive tech gains; S&P at record-high
(Reuters) – Wall Street’s main indexes rose on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei. “We’re right back on track,” U.S. President Donald Trump said after the world’s two largest economies agreed to restart trade talks. Trump also... Read More