Edition:
United Kingdom

Noel Randewich

Amazon briefly edges out Apple for most valuable company

03 Dec 2018

SAN FRANCISCO Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc.

Microsoft's market value overtakes Apple's to close out week

01 Dec 2018

SAN FRANCISCO Microsoft Corp's stock market value closed above Apple Inc's for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. | Video

Twitter tumbles on fear of conservative backlash

29 Nov 2018

SAN FRANCISCO Shares of Twitter Inc tumbled 6 percent on Thursday after reports that Fox News had not tweeted for three weeks sparked fears of a backlash by conservatives protesting a perceived liberal bias by the company.

Microsoft's stock market value pulls ahead of Apple's

28 Nov 2018

SAN FRANCISCO Microsoft Corp's stock market value surpassed Apple Inc's, pulling ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services.

Microsoft's stock market value pulls ahead of Apple's

28 Nov 2018

SAN FRANCISCO, Nov 28 Microsoft Corp's stock market value surpassed Apple Inc's and pulled ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services.

Microsoft's stock market value catches up with Apple

27 Nov 2018

SAN FRANCISCO Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp . | Video

Microsoft's stock market value catches up with Apple

26 Nov 2018

By Noel Randewich SAN FRANCISCO, Nov 26 Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has all but lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp . Buoyed by a broad rebound in U.S. stocks on Monday, Microsoft jumped 3.11 percent to $106.28, pushing its market capitalization up to a record $816 billion at mid-day. At the same time, shares of Apple rose 0.63 percent, leaving its stock market value at $823 billion. Earlier, Apple's stock fell, and both companies' market capitalization were within about $3 billion of each other, putting them at virtually the same value. Technology shares have been punished in recent months as investors worry about rising interest rates and fallout from a trade conflict between the United States and China. But Apple has suffered more than other Silicon Valley stalwarts, down 23 percent since it warned on Nov. 1 that sales for the crucial holiday quarter would likely miss Wall Street expectations. Global demand for smartphones has slowed in recent years, making it more difficult for Apple to increase its revenue. Apple's market capitalization overtook Microsoft's in 2010 as the maker of Windows software struggled with slow demand for personal computers, due in part to the explosion of smartphones driven by the iPhone. (Reporting by Noel Randewich, additional reporting by Charles Mikolajczak and Lewis Krauskopf in New York Editing by Marguerita Choy)

Regulator 'stunned and terrified' after causing PG&E stock surge

16 Nov 2018

The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes.

PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire

16 Nov 2018

SAN FRANCISCO/LOS ANGELES PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California. | Video

PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire

16 Nov 2018

SAN FRANCISCO/LOS ANGELES PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California. | Video

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