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Alibaba, Tencent in talks over stake in WPP's Chinese unit: Sky News
Chinese conglomerates Alibaba and Tencent are involved in talks to buy a minority stake in advertising giant WPP's Chinese unit, Sky News reported on Saturday, citing unidentified sources.

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.

Cryptocurrency exchange Coinbase forms political action committee
Coinbase has formed a political action committee (PAC) to raise money to spend on U.S. elections, the cryptocurrency exchange said http://docquery.fec.gov/cgi-bin/forms/C00680355/1243300#SUMMARY in a filing made public on Friday.

U.S. lawmakers cut anti-ZTE measure from defense bill
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.

Microsoft shares at all-time high after bumper results
Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Russian government: Telcoms face cost hike from new security law
Russian telecoms operators will have to ramp up charges by up to 10 percent to cover costs they will incur implementing new laws designed to give state security greater oversight over telecoms, according to an estimate from the main security agency.

GE beats on EPS but trims cash flow target; shares fall
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.

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