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Delta Air Lines grounds flights

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Delta Air Lines said early Monday that all of its departing flights have been grounded by a global computer system outage. “Our systems are down everywhere,” it tweeted in response to disgruntled customers. Delta (DAL), the world’s second largest airline, said the problem is a power outage at its Atlanta hub, starting at about 2:30 a.m. ET. “Large-scale cancellations are expected ...

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Pokemon Go creator wants more tie ups like McDonald’s Japan

A young man plays the augmented reality mobile game "Pokemon Go" by Nintendo at Puerta del Sol square in Madrid, Spain July 28, 2016. REUTERS/Sergio Perez

The creator of mobile gaming phenomenon Pokemon Go is exploring more sponsorships by companies that want to attract character-hunting players to their businesses, the chief executive of developer Niantic Labs said on Tuesday. Niantic is talking with several companies interested in partnerships similar to the deal that turned nearly 3,000 McDonald’s restaurants in Japan (2702.T) into stops for collecting virtual ...

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Apple now owns a piece of Uber?

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The sale of Uber’s China operations to rival Didi Chuxing could wind up being a big win for … Apple. Here’s how. As a result of the deal, Didi owns a part of Uber and Uber owns a portion of Didi. And since Apple owns a stake in Didi, it now also owns a teeny bit of Uber — and ...

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Asia:SoftBank first-quarter profit flat, signs of sharp Sprint recovery seen

SoftBank Group Corp. Chairman and CEO Masayoshi Son speaks during an earnings briefing in Tokyo, Japan, July 28, 2016. REUTERS/Kim Kyung-Hoon

SoftBank Group Corp (9984.T) reported flat first-quarter operating profit as solid earnings for its domestic telecommunications business offset losses at U.S. unit Sprint Corp (S.N). While the U.S. carrier posted wider losses in quarterly earnings this week, it also said it expected to be cash flow positive in the next financial year. “Sprint has been a drag, but I’m now ...

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Asia:Nikkei falls as Bank of Japan meets

JAPAN

Shares in Japan have fallen with investors remaining cautious as the country’s central bank meets to discuss monetary policy. The Bank of Japan’s news conference on Friday will be watched closely any news of further stimulus measures. The benchmark Nikkei 225 index closed down 1.13% at 16,476.84. Shares in export-related companies fell as the yen strengthened against the dollar. A ...

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Samsung profits boosted by smartphone sales

BOOST

Strong smartphone sales have helped Samsung Electronics post its best quarterly results in more than two years. Second-quarter operating profit jumped 18% to 8.1tn Korean won ($7.17bn; £5.46bn), in line with the company’s guidance issued in July. Operating profit at its mobile division soared 57% year-on-year to 4.3tn won. That is mainly driven by strong sales of its Galaxy S7 ...

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Coca-Cola’s revenue misses on weak international markets

Logos are seen on Coca-Cola bottles in Zurich, February 16, 2011. REUTERS/Christian Hartmann/File Photo

Coca-Cola Co (KO.N) reported lower-than-expected quarterly revenue as higher sales in North America failed to make up for weakness in many of the company’s emerging and developing markets, including China and Argentina. Shares of the world’s largest beverage maker, which also cut its full-year organic revenue growth forecast, were down 2.2 percent at $43.89 in premarket trading on Wednesday. “Strong ...

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Nintendo delays release of Pokemon Go Plus

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The Japanese video game developer said Wednesday it’s delaying the release of Pokemon Go Plus, an accessory for the wildly popular smartphone game. It also posted a net loss of $233 million for the latest quarter. On Monday, the company’s shares plunged after it said that Pokemon Go will have only a “limited” effect on its bottom line. Nintendo’s share ...

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Asia:BOJ to cut 2017 price forecast only slightly, stick to rosy view-sources

A man using his mobile phone walks past the Bank of Japan headquarters building in Tokyo December 19, 2014.  REUTERS/Yuya Shino

The Bank of Japan will likely cut next fiscal year’s inflation forecast only slightly and largely maintain its upbeat view for 2018 at a policy review next week, sources said, an outlook which could allow it to argue there is no need for imminent monetary easing. Hyped-up speculation of radical BOJ policy action has whipsawed financial markets in recent weeks, ...

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