Sony shares fell the most in almost two years after the electronics maker missed profit estimates and forecast weaker sales and operating profits across most of its business units, according to Bloomberg.
Taiwan Semiconductor Manufacturing, the world’s largest contract chipmaker, plans to invest NT$400 billion ($13.5 billion) expanding its Hsinchu production facility as it seeks to regain momentum amid a slowdown in the global smartphone market, according to Bloomberg.
ZTE reported its earnings have surged, without addressing the impact of U.S. sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking, according to Bloomberg.
Europe’s plan to tax large digital companies hit resistance at a meeting of the bloc’s finance ministers as delegates tussled between a French-backed push for a quick regional agreement and calls for a global solution, according to Bloomberg.
Amazon is more than doubling its line of credit to $7 billion as it takes steps to fuel revenue growth, including building data centers, expanding internationally and producing original video content, according to Bloomberg.
PayPal reported earnings that beat analysts’ estimates in the first quarter and gave an optimistic forecast for the second, signaling that it’s weathering the loss of eBay as it continues to sign up new accounts, according to Bloomberg.
T-Mobile US Inc. agreed to acquire Sprint Corp. for $26.5 billion in stock, a wager that the carriers can team up to build a next-generation wireless network and get a jump on industry leaders Verizon Communications Inc. and AT&T Inc, according to Bloomberg.
Apple’s takeover of music-identification service Shazam faces an extended European Union probe as antitrust regulators raised concerns that the iPhone maker could use the app’s data to lure customers to its own music service, according to Bloomberg.
News of a broad U.S. investigation of Huawei over possible Iran sanctions violations adds to the tension over trade as senior U.S. officials head to China in the coming days in hopes of a deal, according to Bloomberg.
At the Bristol Robotics Laboratory in southwest England, dozens of tiny metal machines were poised to dance over a shiny white surface in “swarming” experiments to track how they organize themselves and work together, according to Bloomberg.