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Press Releases

POLL-Japan likely escaped recession in Q1 but outlook remains weak

TOKYO, April 28- Japan probably narrowly escaped recession in the first quarter but weak domestic and external demand and a strong yen will keep a lid on any recovery, a Reuters poll showed. But many analysts said even that meager growth level is largely due to having an extra Leap Year day in the quarter, and believe economic growth was likely around zero or even...

Source: Reuters

Saudi Arabia's leap into the future

The crown prince of Saudi Arabia calls the plans for the country's new economic model a "leap into the future", reports CNBC's Hadley Gamble.


Under Armour sales leap on demand for celebrity-endorsed shoes

Under Armour posted a 30 percent jump in revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.

Source: Reuters

UPDATE 1-Viacom shares leap after accord to renew Dish contract

April 21- Viacom Inc said on Thursday reached an agreement with Dish Network Corp, averting a blackout of its programs on the satellite TV network. News of the accord helped send Viacom's shares up over 9.7 percent in late morning trade, while Dish's stock firmed 0.6 percent. A blackout would have blocked Dish subscribers' access to Viacom shows such as "Broad City"...

Source: Reuters

Inside 'Magic Leap's augmented reality

Jessi Hempel, Wired senior writer, discusses the secrets of virtual reality company Magic Leap which managed to raise a billion and a half dollars and has yet to produce a single product.


CORRECTED-UPDATE 1-Safran says output on target as Airbus gets LEAP engine

TOULOUSE, France, April 15- CFM International, a joint-venture between France's Safran and General Electric of the United States, has delivered the first LEAP-1A engine to be used in the Airbus A320neo jetliner, Safran said on Friday. Speaking at a handover ceremony for the first non-test version of the engine in Toulouse, Safran engines chief Olivier Andries...

Source: Reuters

UPDATE 1-Wirecard shrugs off short-seller accusations with profit leap

Wirecard, which processes payments for 22,000 retailers and online merchants worldwide, on Thursday posted 2015 post-tax earnings of 142.6 million euros, equating to 1.16 euros per share against the previous year's 0.89 euros. The company, which had previously reported 2015 revenue up 28 percent at 771.3 million euros, said it will propose a dividend of 0.14...

Source: Reuters

UPDATE 2-Japan Feb consumer spending bounces - stimulus, tax still in focus

*Leap Year was added boost to consumer spending. TOKYO, March 29- Japan's consumer spending in February rose for the first time in six months, official data showed on Tuesday, but the rise was partly because of the extra Leap Year day and did little to reduce pressure on the government to inject more economic stimulus. "This is not the kind of spending you see when wages...

Source: Reuters

The Spark: Hand tracking virtual reality technology

CNBC's Kelly Evans sits down with the co-founders of Leap Motion, CEO Michael Buckwald and chief technology officer David Holz, to demo the "Orion project" which utilizes sensors to allow the user to see their hand movements and eliminates the use of controllers.


GW Pharma cannabis drug succeeds in epilepsy trial, shares leap

LONDON, March 14- An experimental cannabis-based drug has successfully treated children with a rare form of severe epilepsy in a keenly anticipated clinical trial, sending shares in its maker GW Pharmaceuticals 25 percent higher on Monday. The study of GW's Epidiolex in Dravet syndrome is the first of four final-stage Phase III epilepsy trials that the...

Source: Reuters