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Apple defeats US consumer lawsuit over third-party iPhone apps

Apple defeats US consumer lawsuit over third-party iPhone apps By Mike Scarcella July 11 (Reuters) - Apple AAPL.O won a ruling in California federal court on Thursday dismissing a proposed class action that accused the company of restricting technology used to build apps on the iPhone, causing consumers to pay more for their devices. U.S. District Judge Richard Seeborg in San Francisco said the plaintiffs did not have legal standing to pursue their antitrust claims for now that Apple made unlawf
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Vivendi, Axel Springer, Chevron Corp, Martin Midstream Partners and Five9 July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Thursday: * * Vivendi VIV.PA is exploring a spin-off and potential London listing for its Canal+ TV unit, Bloomberg reported, sending the French media conglomerate's shares sharply higher in late afternoon trading.
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Megacaps drag Wall Street lower, small-caps rise after inflation data

US STOCKS-Megacaps drag Wall Street lower, small-caps rise after inflation data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. CPI numbers show inflation eased in June All 'Magnificent Seven' stocks fall Airlines slump after Delta results PepsiCo dips on quarterly revenue miss Indexes: Dow up 0.15%, S&P down 0.74%, Nasdaq down 1.58% Updated at 12:12 pm ET/1612 GMT By Lisa Pauline Mattackal and Ankika Biswas July 11 (Reuters) - The Nasd
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Big tech slides as small-caps steal spotlight on rate cut bets

BUZZ-Big tech slides as small-caps steal spotlight on rate cut bets ** Shares of major technology-related companies drop after softer-than-expected inflation data prompts rotation into small- and mid-cap stocks ** High momentum tech stocks – the so-called "Magnificent Seven" – Microsoft MSFT.O , Apple AAPL.O , Nvidia NVDA.O , Alphabet GOOGL.O , Amazon.com AMZN.O , Meta Platforms META.O down 2.6%-5.3% ** Tesla TSLA.O extends losses, down 7%, after report co delaying Robotaxi unveiling ** U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Bain Capital, Vista Outdoor, Martin Midstream Partners, Grab July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Thursday: ** Private equity firm Bain Capital will buy Envestnet ENV.N in a $4.5 billion deal, with backing from a cohort of investors, including BlackRock BLK.N and Fidelity Investments, the financial software vendor said.
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US lawmakers raise worries about China in Microsoft deal with Emirati AI firm

UPDATE 4-US lawmakers raise worries about China in Microsoft deal with Emirati AI firm Adds White House comment in paragraph 7 By Alexandra Alper and Christopher Bing WASHINGTON, July 11 (Reuters) - Republican lawmakers asked the Biden administration for an intelligence assessment of Microsoft's $1.5 billion investment in UAE-based artificial intelligence firm G42 over concerns about transfer of sensitive technology and G42's historic ties to China.
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Wall Street choppy as inflation data lifts small-cap stocks

US STOCKS-Wall Street choppy as inflation data lifts small-cap stocks For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. CPI numbers show inflation eased in June PepsiCo dips on quarterly revenue miss Conagra Brands falls after annual forecasts below estimates Indexes: Dow down 0.02%, S&P up 0.04%, Nasdaq down 0.04% Updated at 9:48 a.m.
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Microsoft opens windows onto AI antitrust paradox

RPT-BREAKINGVIEWS-Microsoft opens windows onto AI antitrust paradox The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, July 10 (Reuters Breakingviews) - Artificial intelligence is trying to duck government intervention. The quest to build a machine mind better than the human one could be the next big shift that supplants the hyper-consolidated technology landscape loathed by regulators.
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Microsoft opens windows onto AI antitrust paradox

RPT-BREAKINGVIEWS-Microsoft opens windows onto AI antitrust paradox The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, July 10 (Reuters Breakingviews) - Artificial intelligence is trying to duck government intervention. The quest to build a machine mind better than the human one could be the next big shift that supplants the hyper-consolidated technology landscape loathed by regulators.
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European regulators crack down on Big Tech

FACTBOX-European regulators crack down on Big Tech Updates with latest on Apple tap-and-go mobile payments, Microsoft giving up seat at OpenAI July 11 (Reuters) - European regulators have launched a series of probes into Big Tech. In the latest move to stave off EU antitrust fines, Apple AAPL.O agreed to open its tap-and-go mobile payments system to rivals.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** AustralianSuper, the country's biggest superannuation fund, has bought a 5.02% stake in Woodside WDS.AX , making it the energy giant's second-largest shareholder, an exchange filing showed. nL4N3J30MG ** Singapore-listed data centre real estate investment trust Keppel DC REIT KEPE.SI and sponsor Keppel KPLM.SI are set to buy a data centre
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds National Basketball Association, Google and ArcelorMittal July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1 945 GMT on Wednesday: * * Google-parent Alphabet GOOGL.O has abandoned its plans to buy online marketing software company HubSpot HUBS.N , Bloomberg News reported, citing people familiar with the matter.
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Google parent Alphabet walked away from HubSpot deal weeks ago, source says

UPDATE 3-Google parent Alphabet walked away from HubSpot deal weeks ago, source says Recasts throughout, adds details from source July 10 (Reuters) - Google parent Alphabet GOOGL.O decided not to pursue a takeover of online marketing software company HubSpot HUBS.N weeks ago, a person familiar with the matter said on Wednesday. The talks between Alphabet and HubSpot never progressed to due diligence and fell apart shortly after the companies held initial discussions on a potential deal, the sour
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Google parent Alphabet shelves interest for HubSpot, Bloomberg News reports

Google parent Alphabet shelves interest for HubSpot, Bloomberg News reports July 10 (Reuters) - Google parent Alphabet GOOGL.O is said to have abandoned its plans to buy online marketing software company HubSpot HUBS.N , Bloomberg News reported on Wednesday. Reporting by Harshita Mary Varghese; Editing by Shailesh Kuber
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Google Parent Alphabet Is Said To Shelve Interest In Hubspot - Bloomberg News

BRIEF-Google Parent Alphabet Is Said To Shelve Interest In Hubspot - Bloomberg News July 10 (Reuters) - GOOGLE PARENT ALPHABET IS SAID TO SHELVE INTEREST IN HUBSPOT - BLOOMBERG NEWS Source text : https://tinyurl.com/29hxxjf8
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Microsoft in $22 mln deal to settle cloud complaint, ward off regulators

UPDATE 2-Microsoft in $22 mln deal to settle cloud complaint, ward off regulators Adds AWS, Google Cloud, CISPE comments, financial detail of Microsoft offer By Foo Yun Chee BRUSSELS, July 10 (Reuters) - Microsoft MSFT.O has clinched a 20-million-euro ($21.7 million) deal to settle an antitrust complaint about its cloud computing licensing practices, averting an EU antitrust investigation and potential hefty fine.
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Nvidia-led megacap charge buoys Wall Street ahead of key inflation reading

US STOCKS-Nvidia-led megacap charge buoys Wall Street ahead of key inflation reading For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. In a first, S&P 500 crosses 5,600 mark TSMC up on strong Q2 revenue growth Intuit to cut about 1,800 jobs; shares fall Illumina rises after acquiring Fluent BioSciences Indexes up: Dow 0.31%, S&P 0.42%, Nasdaq 0.54% Updated at 12:15 p.m.
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Microsoft opens windows onto AI antitrust paradox

BREAKINGVIEWS-Microsoft opens windows onto AI antitrust paradox The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, July 10 (Reuters Breakingviews) - Artificial intelligence is trying to duck government intervention. The quest to build a machine mind better than the human one could be the next big shift that supplants the hyper-consolidated technology landscape loathed by regulators.
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Amazon announces incremental AI refinements to fend off rivals

Amazon announces incremental AI refinements to fend off rivals By Greg Bensinger July 10 (Reuters) - Amazon.com AMZN.O announced a series of largely incremental refinements on Wednesday to several of its artificial intelligence products as it seeks to keep rivals at bay amid a continued investor frenzy over the technology. The retailer has sought to counter a perception that competitors Google GOOGL.O , Microsoft MSFT.O and OpenAI have taken a lead in developing generative AI, which can respond
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Google exploring options against Microsoft's licensing practices, Google cloud head says

Google exploring options against Microsoft's licensing practices, Google cloud head says BRUSSELS, July 10 (Reuters) - Alphabet unit Google's GOOGL.O cloud subsidiary will look into other options in its fight against Microsoft's MSFT.O licensing practices, the head of Google Cloud head said on Wednesday. The comments by Amit Zavery came after Microsoft reached a deal with trade body CISPE to resolve the latter's antitrust complaint about its cloud licensing practices.
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