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☆ Egypt's index outperforms regional peers; Saudi extends losses
▼ + stars: | 2022-12-04 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +2 min

Dec 4 (Reuters) - Egypt's blue-chip index outperformed regional peers to close higher on Sunday, while Saudi and Qatari stocks slipped on weakness in the financial and petrochemical sectors. They could fall further this week after OPEC+ agreed to stick to its oil output targets on Sunday but volatility is likely to continue after G7 countries and Australia also agreed a price cap on Russian oil. Saudi Arabia's benchmark index (.TASI) fell 0.9%, with Sabic Agri-Nutrients (2020.SE) down 4.2% and Sulaiman al-Habib Medical Services (4013.SE) 1.2% lower. Separately, Saudi oil behemoth Aramco's (2222.SE) base oil subsidiary Luberef announced its IPO price range between 91 and 99 riyals each. In Qatar, the index (.QSI) finished flat, as gains in energy stocks were partially offset by losses in financial stocks.

☆ Disney buys MLB's stake in streaming firm BAMTech for $900 mln
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - Walt Disney Co (DIS.N) disclosed on Tuesday that it has taken full control of BAMTech, a video-streaming firm spun off from Major League Baseball's digital media company MLB Advanced Media. Disney earlier this month purchased the remaining stake in BAMTech from Major League Baseball for $900 million, the company said in a SEC filing. Previous to the transaction, streaming technology services provider BAMTech was owned 85% by Disney and 15% by Major League Baseball (MLB). BAMTech provides the streaming platform for such entities as Worldwide Wrestling Entertainment and Warner Bros Discovery Inc's HBO. Streaming service provider Hulu is owned 67% by Disney and 33% by NBC Universal (NBCU).

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The disputed December 2018 transaction involved a stock swap related to Dell's interest in software maker VMware. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed. Michael Dell was worth $52 billion on Tuesday, according to Forbes magazine.

☆ Greenlight's David Einhorn is crushing the market this year. Here are his top holdings
▼ + stars: | 2022-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Greenlight Capital's David Einhorn is in the middle of a stellar year as his inflation bets and other trades pay off. Green Brick Partners , a bet on rising housing prices, continued to be his biggest holding, a new regulatory filing showed. During the third quarter, Einhorn increased his stake in tech stock Kyndryl Holdings to $60 million. Meanwhile, the hedge fund manager added to his holding in LivaNova drastically, making the medical device company Greenlight's eighth biggest bet, the filing showed. Einhorn previously said he's bearish on equities as the Fed continues to deflate the market with aggressive rate hikes.

☆ Sorrell's S4 Capital defies tech turmoil to maintain momentum
▼ + stars: | 2022-11-14 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

SummarySummary Companies Digital ad group says it maintained momentum in Q3Reiterates full-year earnings forecastShares rise as much as 9%LONDON, Nov 14 (Reuters) - Martin Sorrell said his digital ad group S4 Capital (SFOR.L) had maintained momentum in a third quarter marked by disappointing results from major platforms including Alphabet's Google (GOOGL.O) and Facebook's Meta (META.O). Shares in S4 rose 9% to 229 pence in early deals, the highest level since the downgrade in the summer. Sorrell said Twitter and Snap, which each account for around 1% of the digital ad market, were not a good indicator for the sector. He said advertisers were pausing spending on Twitter pending clarity on how new owner Elon Musk would moderate content. "At the moment most clients are suspending their activities because they're worried about extreme content and content moderation on the site."

☆ China’s Lenovo posts first revenue drop in 10 quarters as COVID lockdowns weigh
▼ + stars: | 2022-11-03 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

HONG KONG, Nov 3 (Reuters) - China's Lenovo Group (0992.HK) reported its first revenue decline in 10 quarters as a pandemic-fuelled sales boom comes to an end, with sales especially falling in China as COVID lockdowns took a toll. Lenovo had already seen growth for its first-quarter revenue grind to a halt, at only 0.2%. Global PC shipments declined 15% year-over-year in the third quarter, according to a report published by data firm IDC last month. The report also showed that Lenovo, HP, and Dell saw year-over-year shipments fall by 16%, 28% and 21%, respectively. Chipmaker Qualcomm expects a slump in sales as its forecast for holiday-quarter revenue fell about $2 billion short of Wall Street estimates.

A voter casts their ballot in the Pennsylvania primary elections at Congregation Beth Or in Ambler, Pennsylvania, U.S. May 17, 2022. The alleged security breach came to light last month when Fulton County sued election equipment maker Dominion Voting Systems, citing purported security flaws discovered in Speckin's analysis of six hard drives from the machines. In a Pennsylvania Supreme Court filing on Tuesday, lawyers for the Secretary of the Commonwealth had asked the court to hold Fulton County officials, including Republican Commissioners Stuart Ulsh and Randy Bunch, in civil contempt for the breach. The lawyers said county officials "openly thumbed their noses at a clear and direct order of this Court" by allowing Speckin, a Michigan-based company, access to the machines. Stefanie Lambert, a Detroit-based attorney representing the county, did not immediately respond to a query about the special master appointment.

A voter casts their ballot in the Pennsylvania primary elections at Congregation Beth Or in Ambler, Pennsylvania, U.S. May 17, 2022. REUTERS/Hannah Beier/File PhotoOct 21 (Reuters) - A rural Pennsylvania county violated a court order when it allowed a forensics company to examine voting equipment in July, marking the county's second security breach of the machines, the state's top election official alleged in a court filing. The latest alleged breach came to light last month when Fulton County filed a lawsuit against election equipment maker Dominion Voting Systems, citing purported issues discovered in an examination of the equipment by Speckin Forensics LLC. She pointed to alleged security flaws highlighted in Speckin's report, and noted that the county has sued Dominion and no longer uses its machines. Petitioners have now twice breached the security of this voting system by turning its components over to unauthorized third parties," lawyers for the state wrote in the filing.

BENGALURU, Oct 17 (Reuters) - Funding commitments for digital push remain intact despite a challenging macro-economic environment, the chief executive of India's No. The pandemic unlocked a lot of funding commitments in terms of digital transformation, TCS Chief Executive Rajesh Gopinathan told Reuters. Register now for FREE unlimited access to Reuters.com Register"When you look forward, for the next 12 to 18 months, that excitement level (towards digital transformation) has died down, but the funding commitments have not gone away. Mumbai-based TCS reported better-than-expected quarterly results last week, but flagged that long-term deal decision making remained soft due to macro-economic challenges. July-September order book was steady and stood at $8.1 billion, consisting of several small- and medium-sized deals rather than large ones, according to TCS.

☆ Microsoft cloud leader Scott Guthrie says companies aren't holding off on cloud spending as inflation mounts
▼ + stars: | 2022-10-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Scott Guthrie, executive vice president of cloud and enterprise at Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. But Guthrie said that doesn't seem to be the case with Azure, Microsoft's cloud infrastructure service. "I've not seen the current situation cause people to pause cloud," said Guthrie, executive vice president of Microsoft's cloud and artificial-intelligence group, in an interview with CNBC. Guthrie said he hasn't heard companies saying they would slow their use of cloud computing because of the higher energy costs. That's been a discussion topic among executives at Paris-based health care company Sanofi , which uses cloud services from Amazon , Google and Microsoft.

☆ Singtel's second unit faces cyber attack weeks after Optus data breach
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - Singapore Telecommunications Ltd (STEL.SI) said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit - Optus. Singtel said on Monday the attack on Dialog, an Australia-based information technology services consulting firm, was first detected on Sept. 10. Register now for FREE unlimited access to Reuters.com RegisterShares of Singtel were down 1.6%, as at 0315 GMT. The Singapore-based telecom firm assured that Dialog's systems were completely independent of Optus and information technology unit NCS, and that there was no evidence of any link between the incidents of data breaches at Dialog and Optus. ($1 = 1.5733 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Tech company Solutions 30 falls into the red for its half-year as French business struggles
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - Technology services company Solutions 30 (S30.PA) reported a sharp decline in first-half core profit and a loss at the net result level, hampered by a weak performance in France. "We now find ourselves in the midst of an operational transition," he added. Its net result for the period turned to a loss of 12.3 million euros, against a profit of 14.1 million euros last year. "We have reached a low point and we anticipate a recovery in the final quarter that will continue throughout 2023," said Fortis. ($1 = 1.0382 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Juliette Portala; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

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