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☆ Stocks making the biggest moves after hours: Ambarella, Box, HP and more
▼ + stars: | 2023-05-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Box — Shares of Box rose 3% in extended trading after the cloud company beat estimates in its fiscal first quarter. Box reported 32 cents in adjusted earnings per share on $252 million of revenue. Analysts surveyed by Refinitiv had penciled in 27 cents in earnings per share on $249 million of revenue. The company reported 52 cents in adjusted earnings per share on $6.97 billion of revenue. HP reported 80 cents in adjusted earnings per share, 4 cents above estimates.

Persons: Ambarella, Refinitiv Organizations: Hewlett, Packard, Hewlett Packard Enterprise, HP Enterprise, HP Inc, HP Locations: New York

☆ Erdogan's election lead leaves Turkey's opposition reeling and an economy on the brink
▼ + stars: | 2023-05-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +9 min

Since neither candidate won more than 50% of the vote, however, the election will go to a runoff on May 28. They also reveal that despite Turkey's current economic turmoil, tens of millions of Turks still see Erdogan as their only viable leader. Supporters of Turkish President Recep Tayyip Erdogan celebrate at the AK Party headquarters garden on May 15, 2023 in Ankara, Turkey. Still, Kilicdaroglu's 44.9% of the vote is notable as the highest any opposition candidate ever received, said Orcun Selcuk, an assistant professor of political science at Luther College in Iowa, on Twitter. "The opposition clearly did not meet the expectations but it would be a misjudgment to say that opposition coordination failed.

Long stuck in the shadow of Erdogan and his Islamist-rooted AK Party (AKP), opposition leader Kilicdaroglu has flourished on the campaign trail with polls showing he has a slight lead. Kilicdaroglu said a fundamental problem of Turkey's foreign policy during the tenure of Erdogan's AKP was the exclusion of the foreign ministry in the policy making process. 'PEACE-ORIENTED FOREIGN POLICY'"We would pursue a peace-oriented foreign policy that prioritises Turkey's national interest. Before entering politics, Kilicdaroglu worked in the finance ministry and then chaired Turkey's Social Insurance Institution for most of the 1990s. A year after losing a mayoral run in Istanbul, he was elected unopposed as party leader in 2010.

☆ The Turkey candidates for president and other key figures
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +6 min

Only three candidates remain in the race for president after Muharrem Ince, representing a small party, withdrew. CHP LEADER KEMAL KILICDAROGLUKilicdaroglu, 74, head of the main opposition Republican People's Party (CHP), was named the six-party opposition alliance's presidential candidate in March. Previously a staunch opponent of Erdogan, Bahceli's Nationalist Movement Party (MHP) began to work with the president and his AKP after a 2016 attempted coup. OPPOSITION FIGURES:IYI PARTY LEADER MERAL AKSENERFormer interior minister Meral Aksener, 66, leads the second-largest party in the opposition alliance, the centrist and nationalist IYI Party. ANKARA MAYOR MANSUR YAVASNationalist politician and lawyer Mansur Yavas, 67, defeated the AKP's Ankara mayoral candidate 2019 as the CHP candidate backed by an opposition alliance.

☆ Autonomy founder Mike Lynch extradited to the U.S. to face fraud charges
▼ + stars: | 2023-05-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019 in London, England. LONDON — British tech entrepreneur Mike Lynch has been extradited to the U.S. to face fraud charges in relation to the sale of his software company Autonomy to Hewlett Packard . He face charges of securities and wire fraud in relation to the sale of his company Autonomy to HP for $11 billion. Lynch isn't the first Autonomy employee to face charges in the U.S. Some in the U.K. tech industry believe that Lynch should not have been extradited.

☆ Factbox: Key players in Turkey's election campaign
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +6 min

Turkey's longest-serving leader logged more than a dozen election victories and survived an attempted coup in 2016. CHP LEADER KEMAL KILICDAROGLUKilicdaroglu, 74, head of the main opposition Republican People's Party (CHP), was named the six-party opposition alliance's presidential candidate in March. HOMELAND PARTY LEADER MUHARREM INCEFormer physics teacher and headmaster Muharrem Ince, 58, is seen as having little chance of becoming president. OPPOSITION FIGURES:IYI PARTY LEADER MERAL AKSENERFormer interior minister Meral Aksener, 66, leads the second-largest party in the opposition alliance, the centrist and nationalist IYI Party. ANKARA MAYOR MANSUR YAVASNationalist politician and lawyer Mansur Yavas, 67, defeated the AKP's Ankara mayoral candidate 2019 as the CHP candidate backed by an opposition alliance.

☆ Erdogan accuses opposition of provocations ahead of tight Turkish vote
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

ANKARA, May 8 (Reuters) - Turkish President Tayyip Erdogan accused the opposition on Monday of provoking disorder and siding with terrorists, without providing evidence, in a fiery speech days before close and increasingly fractious elections. Opinion polls suggest Erdogan faces the biggest electoral challenge of his career in presidential and parliamentary votes due on May 14. The following day, on the other side of Turkey during a rally in the western town of Edirne, Erdogan accused the opposition of being "pro-LGBT" and "siding with terrorists". "They (the opposition) are trying to defame our cities shamelessly by making a scene with their own provocations," Erdogan said, without making direct reference to the events in Erzurum. Interior Minister Suleyman Soylu also accused the opposition of inciting the violence in Erzurum.

☆ Turkey's Kilicdaroglu exits Erodogan's shadow in election race
▼ + stars: | 2023-05-06 | by ( Daren Butler | ) www.reuters.com time to read: +7 min

I know the cost of living and the hopelessness of young people," Kilicdaroglu told a rally last week. Even if he prevails, Kilicdaroglu faces challenges keeping an opposition alliance including nationalists, Islamists, secularists and liberals united. Many wonder whether Kilicdaroglu can defeat Erdogan, the country's longest-serving leader, whose campaigning charisma has helped deliver more than a dozen election victories. HEALING OLD WOUNDSBefore entering politics, Kilicdaroglu worked in the finance ministry and then chaired Turkey's Social Insurance Institution for most of the 1990s. "I have been boycotting the elections since 2018 but I will vote for Kemal Kilicdaroglu this time.

☆ Turkey's Kilicdaroglu exits Erdogan's shadow in election race
▼ + stars: | 2023-05-06 | by ( Daren Butler | ) www.reuters.com time to read: +7 min

I know the cost of living and the hopelessness of young people," Kilicdaroglu told a rally last week. Many wonder whether Kilicdaroglu can defeat Erdogan, the country's longest-serving leader, whose campaigning charisma has helped deliver more than a dozen election victories. The opposition has stressed that Erdogan's drive to slash interest rates set off the inflationary crisis that devastated household budgets. HEALING OLD WOUNDSBefore entering politics, Kilicdaroglu worked in the finance ministry and then chaired Turkey's Social Insurance Institution for most of the 1990s. "I have been boycotting the elections since 2018 but I will vote for Kemal Kilicdaroglu this time.

☆ Schools are beginning to throw out expired Chromebooks, creating 'piles of electronic waste,' report says
▼ + stars: | 2023-04-21 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

US PIRG is suggesting Google extend software support for Chromebooks to make them last longer. Chromebooks, the budget laptops running Google software, are creating a lot of e-waste, according to a report from the US Public Interest Research Group (US PIRG) Education Fund. The report also points to how finding replacement parts for Chromebooks from different manufacturers, like HP, can make repairs more difficult. "Moving forward, these companies should design Chromebooks to last by improving device durability, repairability and sustainability," the US PIRG report says. Gutterman told Insider that, "we just can't afford to keep churning out technology at this rate, whether it's Chromebooks or laptops or phones."

☆ Australian court approves BHP's $6.4 bln OZ Minerals takeover
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: 1 min

April 17 (Reuters) - Global miner BHP Group Ltd (BHP.AX) said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd (OZL.AX). The court approval follows overwhelming support from OZ Minerals shareholders for the deal, which is the third largest in global mining in recent months. Shares of the Australian copper producer will be suspended from trading on the local bourse at the close of trading on Tuesday. ($1 = 1.4914 Australian dollars)Reporting by Echha Jain in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & more
▼ + stars: | 2023-04-17 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Charles Schwab — Shares of Charles Schwab gained 3% on better-than-expected earnings. The company posted a profit of 93 cents per share, beating a Refinitiv forecast of 90 cents per share. M&T Bank — The regional bank stock jumped 3% after the company posted its latest quarterly figures. Lumentum — The optical fiber manufacturer rose slightly after JPMorgan upgraded the stock to overweight from neutral. Ollie's Bargain Outlet — The discount retail rose 3% in premarket trading after JPMorgan upgraded the stock to neutral from overweight.

Analyst Samik Chatterjee upgraded HP shares to overweight from neutral. "We are looking to turn a corner in relation to the headwinds that have plagued the PC end-market," Chatterjee wrote in a note Monday. He added that structural margin improvement in the printer segment should help HPQ offset some of the downward pressures from easing supply. The analyst admitted that HP still faces long-term challenges in its printer segment. Shares have jumped almost 11% in 2023 amid a rally in tech shares, after slumping almost 29% in 2022.

☆ Walmart sells Bonobos to WHP Global and Express in $75 million deal
▼ + stars: | 2023-04-13 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +3 min

Walmart has sold menswear brand Bonobos to brand management firm WHP Global and Express in a $75 million deal announced Thursday. WHP, which took a 60% stake in Express in December, will acquire the Bonobos brand for $50 million, the company said in a news release. In a statement, a Walmart spokesperson said the company decided "it's the right time to sell Bonobos" after nearly six years. Last February, Bonobos launched Bonobos Fielder – a more affordable riff on the original brand that sold athleisure on its website, Walmart.com and select Walmart stores. Bonobos CEO John Hutchinson will become brand president of Bonobos and report to Baxter after the deal closes.

Some 78.9% of proxy votes on behalf of Oz Minerals' investors were in favour of the takeover offer of A$26.50 cash from BHP and a A$1.75 special dividend paid to Oz Minerals investors, at a shareholder meeting in Adelaide on Thursday. It will bring in Oz Minerals' Carapateena copper mine, close to BHP's own Olympic Dam copper mine and smelting operations in South Australia. Strategically it will also boost BHP's nickel supply through Oz Minerals' West Musgrave nickel project in Western Australia, where BHP is already producing nickel sulphate at its Nickel West operations. If the deal is approved as expected, Oz Minerals shares will be suspended on April 18. Oz Minerals' board had unanimously supported the bid.

☆ BHP's exploration accelerator to open to uranium, lithium finds
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, April 5 (Reuters) - BHP Group's (BHP.AX) programme to support promising minerals explorers will expand beyond copper and nickel to prospective uranium and lithium projects from September, the head of its Xplor program said on Wednesday. For its second year, the programme wants to receive double the number of applications at 500 from the first year as it opens up to more commodities, said Sonia Scarselli, vice president of BHP Xplor. "We will be looking not just at copper and nickel, but at uranium and lithium and so on," Scarselli told a commodities conference in Singapore. Scarselli told Reuters last month BHP saw lithium's demand-supply equation as not as fundamentally stretched as that for copper and nickel. The miner, which produces uranium as a byproduct at its Olympic Dam copper operations in South Australia, has become more vocal about the role of uranium in a new energy world.

☆ BHP Group seeks delay to Brazil dam court case
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Ricardo Moraes/File PhotoLONDON, March 29 (Reuters) - Mining group BHP Group (BHP.AX) is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil's worst environmental disaster as it needs more time to prepare, the company's lawyers said on Wednesday. BHP denies liability and in December applied to join Vale to the case. Simon Salzedo, representing Vale, argued that BHP has no case against Vale and that, if it did, any lawsuit should be brought in Brazil. Reparation and compensation programs implemented by the Renova Foundation funded $6 billion in financial aid by the end of 2022, BHP added. BHP has applied to the Supreme Court to end the case without trial following the Court of Appeal's decision last year.

☆ HP CEO Enrique Lores: Hybrid work is here to stay as employees value flexibility
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHP CEO Enrique Lores: Hybrid work is here to stay as employees value flexibilityHP CEO Enrique Lores joins 'Squawk Box' to discuss what he sees in demand for HP's work-from-home products, the size of HP's return to work product slate, and the health of the consumer and companies.

☆ Autonomy founder Lynch fights extradition to US on fraud charges
▼ + stars: | 2023-03-15 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

LONDON, March 15 (Reuters) - Tech entrepreneur Mike Lynch asked a London court to block his extradition to the United States to face criminal charges over Hewlett Packard's $11 billion acquisition of his software company Autonomy, arguing he should be prosecuted in Britain. Lynch – the co-founder of Autonomy, who was once hailed as Britain's answer to Bill Gates – faces 17 charges over the 2011 takeover, which was one of Britain's biggest tech deals. Britain's interior ministry on the same day ordered Lynch's extradition to the United States. Bailin also gave updated details of HP's civil lawsuit against Lynch and Hussain, who was jailed in a San Francisco court for five years in 2019. Lynch intends to apply for permission to appeal against the ruling on HP's lawsuit, Bailin said in court filings.

[1/2] Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu, accompanied by IYI Party leader Meral Aksener and Felicity Party leader Temel Karamollaoglu, talks to media following a meeting of the opposition alliance in Ankara, Turkey March 6, 2023. A cost-of-living crisis amid rampant inflation and years of economic turmoil have eroded Erdogan's support, giving Kilicdaroglu another advantage. Recent polling showed Erdogan's support had edged up since last summer thanks to measures including a raise in the minimum wage. The following year, he was elected unopposed as CHP leader after his predecessor's resignation in the wake of scandal. His election fuelled party hopes of a new start, but support for CHP has since failed to surpass about 25%.

☆ Elon Musk announces that Tesla's engineering HQ is expanding in California, over a year after moving the company's headquarters to Texas
▼ + stars: | 2023-02-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk announced on Wednesday that Tesla plans to expand its engineering headquarters in California. Tesla moved the company's headquarters to Texas in 2021, but still employs thousands of workers in California. Gavin Newsom that the electric-car maker plans to expand its engineering headquarters in California. The announcement comes less than two years after Musk moved Tesla's headquarters to Austin, Texas. Despite the move to Texas, the carmaker continued to produce many of its cars at the Factory in Fremont, California and it still maintains its previous company headquarters in Palo Alto.

As a result, the world's largest listed miner reported underlying profit attributable from continuing operations of $6.6 billion, down from $9.72 billion a year earlier. That missed a Vuma Financial estimate of $6.82 billion, as earnings from copper and coal came in lower than analysts had expected. Shares of the global miner fell as much as 2.8% to A$47.11, their lowest since Jan. 6 and were down 2% at 0138 GMT in a broader market (.AXJO) that was down 0.5%. BHP also said it expected aggressive global interest rate hikes from last year to slow growth sharply across the developed world. BHP has threatened not to invest in Queensland after the state hiked its coal royalties to the highest rate in the world.

SINGAPORE, Feb 21 (Reuters) - Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year hiatus. At least 15 vessels hauling about 1.4 million tonnes of February-loading Australian coal are bound for China, according to shiptracking data from Refinitiv and Kpler. Reuters GraphicsAnother more than 1 million tonnes of thermal coal have been booked to load in March, a senior trader with a state-run Chinese utility said. "In theory, firms who acquire the licence would be able to get their cargoes through customs," said another Chinese utility official. Chinese buyers may also face competition in Australian coal purchases as producers have pivoted their sales to other markets in China's absence.

☆ The sneaky ways Instacart gets you to buy more stuff
▼ + stars: | 2023-02-16 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

'Dark patterns' push online shoppers to buy things in a way they normally would not. Dark patterns have become common online, especially on shopping websitesInstacart is far from alone in using dark patterns. While reviewing Walmart's website, Merchant Machine said it encountered a message that read: "Items in your cart are selling fast! California became the first state to ban dark patterns, with a law that took effect in March 2021. The Federal Trade Commission has also ordered some companies that use dark patterns to stop using them.

BENGALURU/MELBOURNE, Feb 14 (Reuters) - Australia's iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to shareholders, after China's COVID lockdown drove down iron ore prices. Average realised prices for iron ore fell sharply in the six months to December, hitting earnings. First-half net profit at Fortescue, reporting on Feb. 15, is seen declining to $2.34 billion from $2.78 billion. Underlying half-year profit at Rio Tinto, which reports on a calendar year cycle, is seen declining 48% to $4.77 billion from $9.21 billion. Rio will report on Feb. 22.

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