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The defense company had been among the leading candidates to build a Type 83 destroyer for the Royal Navy, but the government will instead invest in six smaller hybrid ships.

(Bloomberg) -- Microsoft Corp. shares are heading for their worst month since the dot-com era as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt

Philip Morris is expected to announce its second-quarter earnings in July, and Wall Street expects the company’s EPS to increase by a single-digit percentage.

Apple (AAPL) has accused the Competition Commission of India of copying rivals' claims and failing t

Rocket Lab said on Monday ‌it would acquire ‌satellite communications provider Iridium Communications ​in a cash-and-stock deal valued at about $8 billion, marking one of the ‌biggest ⁠consolidation moves in the commercial space industry. Iridium ⁠shareholders will receive $27 in cash and Rocket ​Lab shares, ​with ​a combined ‌value of $54 per Iridium share. The deal is expected to close in mid-2027.

Shares in the conglomerate soared about 20% premarket after it said it plans to separate into two companies through a tax-free spinoff of NBCUniversal and Sky. If Comcast holds through those gains through today's session, it would notch its largest one-day percentage increase since 2008.

The spinoff of NBCUniversal and Sky will separate the company’s connectivity business from its film, theme park and streaming operations.

GameStop (NYSE:GME) shares rose 1. 4% in premarket trading to $22.

The deal adds navtemadlin—a drug candidate for a rare blood cancer in late-stage clinical trials—to Ipsen’s oncology pipeline.

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky. The planned move comes after Comcast announced in November 2024 that it was spinning off cable networks such as USA, Oxygen, E!, SYFY and Golf Channel, as well as CNBC and MSNBC into a new company. Like other cable companies, Comcast in recent years has shifted its business emphasis away from traditional cable toward streaming and other sources of revenue, such as its movie studio, theme parks and home wireless and internet services.

SEOUL, June 29 (Reuters) - South Korea announced three "mega projects" on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics, SK Group and government ministries

Find insight on LG Display, Apple, SK Hynix and more in the latest Market Talks covering Technology, Media and Telecom.

Warsh’s words are already fighting inflation, Qualcomm diversifies from smartphones, Conagra has a new CEO, and more news to start your day.

Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.

J.B. Hunt is expected to announce its second-quarter results shortly, and analysts are projecting double-digit EPS growth.

BlackRock is slated to announce its second-quarter results soon, and analysts expect its bottom line to grow at a single-digit pace.

Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its ‌cash-generating broadband arm from a media and entertainment business ‌under pressure from streaming rivals and industry consolidation. The latest U.S. media industry shake-up follows years of cord-cutting as legacy players chase scale to better compete with Netflix while Paramount Skydance's $110 billion deal for Warner Bros Discovery is ‌set to boost competition. Comcast, ⁠which leans on cable for much of its cash flow, is also losing broadband customers to fixed wireless ⁠offerings from T-Mobile and Verizon and to fiber rivals building out networks.

By Aditya Kalra NEW DELHI, June 29 (Reuters) - Apple has accused Indian antitrust investigators of "copy-pasting" its rivals' claims and failing to properly conduct its own investigation in concluding

By Caroline Valetkevitch and Karen Brettell NEW YORK, June 29 (Reuters) - The U.S. economy and the U.S. stock market are starting to go their own ways. 

General Motors will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.

Northrop Grumman will release its second-quarter earnings next month, and analysts anticipate a single-digit profit dip.

(Bloomberg) -- Former Walt Disney Co. Chief Executive Officer Bob Iger and Thrive Capital founder Joshua Kushner have hired investment bankers and discussed making a bid for the National Basketball Association expansion team in Las Vegas, according to people familiar with their plans. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Tra

With SpaceX's historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market market is bracing for a big wave of buyers looking to upgrade their residence or buy a second home.

Halliburton will release its second-quarter earnings next month, and analysts anticipate a low single-digit profit dip.

Abbott Laboratories (ABT) will not face criminal charges after the US Department of Justice closed a

June 29 (Reuters) - U.S. stock index futures rose on Monday, led by strong gains in the tech-heavy Nasdaq 100, as easing tensions in the Middle East lifted sentiment following days of hostilities

~ $2 trillion That's how much South Korean chipmakers Samsung Electronics and SK Hynix, along with affiliate companies and the country's government, plan to spend on creating new semiconductor and AI industry hubs in the years to come.

The world’s two largest memory-chip makers said their existing investments wouldn’t be enough to meet demand, amid a worldwide shortage.

ELG intends to grow its position in US multi-brand luxury retail through a model spanning physical stores, digital commerce and remote selling channels.

Concerns have been raised about companies pursuing more than $8.9 billion in federal support.