Adobe, Microsoft to take on Salesforce's marketing software, with LinkedIn as a weapon

SAN FRANCISCO (Reuters) - Adobe Inc and Microsoft Corp are partnering to bolster each other’s sales and marketing software capabilities, taking aim at common rival Inc, they said on Tuesday.

Adobe and Microsoft hope to make it easier for users of Adobe’s marketing software to find and target teams of potential customers for business goods on LinkedIn, the social network owned by Microsoft, they said at a conference in Las Vegas.

Read more

Huawei presents flagship smartphone in Paris during Chinese leader's visit

PARIS (Reuters) - Huawei, the world’s third-largest smartphone maker, presented its new flagship phone in Paris on Tuesday with the hope of making further gains in Europe, a region where its other products could face in-depth scrutiny for security reasons.

Huawei’s P30 Pro, which has four rear cameras - including a so-called “time of flight” camera that helps its artificial intelligence create better exposures - will aim to take on Samsung’s Galaxy S10 and Apple’s iPhone X.

Read more

Citigroup to enter burgeoning consumer payments business

(Reuters) - Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry.

Citis new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. This will expand its product portfolios within its mainstay business-to-business (B2B) payment offerings. []

Read more

EU lawmakers back copyright reforms targeting Google, Facebook

STRASBOURG (Reuters) - EU lawmakers have endorsed an overhaul of the bloc’s two-decade old copyright rules, which will force Google and Facebook Inc to pay publishers for use of news snippets and make them filter out protected content.

The European Parliament backed the reforms by 348 votes to 274 on Tuesday after a debate that has pitted Europe’s creative industry against tech companies, internet activists and consumer groups concerned that the new rules may be too costly and block too much content.

Read more

Stocks making the biggest moves after hours: Nike, Cintas, GameStop and more

Check out the companies making headlines after the bell:

Shares of Nike dropped more than 3 percent in extending trading Thursday following the release of the retailers better-than-expected third-quarter earnings results. Nike posted earnings per share of 68 cents, beating estimates of 65 cents, according to Refinitiv. Revenue came in-line with Wall Streets expectations at $9.61 billion. The stock was down on weaker-than-expected sales growth in North America.

Read more

Stocks making the biggest moves midday: Tiffany, Nike, Avon Products & more

Check out the companies making headlines midday Friday:

Tiffany — Shares of Tiffany rose 3.2 percent after the jewelry retailer reported mixed fourth-quarter results. The retailer reported earnings of $1.67, 7 cents higher than expected, and revenues of $1.321 billion, missing estimates by $11 million. Tiffany also reported a 1 percent drop in worldwide sales, while Refinitiv had estimated 0.8 percent increase.

Read more

Stocks making the biggest moves premarket: Biogen, Viacom, Boeing, Deutsche Bank & more

Check out the companies making headlines before the bell:

Biogen — The drugmaker announced a new $5 billion share repurchase program, in addition to the $1.7 billion remaining under a prior authorization. That follows the stocks plunge last week, following the decision to end a late stage study of an Alzheimers treatment that did not produce the desired results.

Read more

Stocks typically outperform for a long time even when the bond market is flashing recession signal

Some investors may be freaked out over the recession signal being sent by bond market rates, but if history is a guide, there is still time to capture more gains in the stock market.

The so-called yield curve inversion where the yield, or interest rate, on shorter term Treasury instruments — in this case the 3-month — rises above a longer-dated Treasury yield, or that of the 10-year note, is a classic recession indicator that is often correct. As analysts say, there havent been recessions without a curve inversion but on the other hand, not all curve inversions lead to recession.

Read more