By Gerry Shih and Paul Carsten BEIJING (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company. It is not clear if Nadella, who took over as Microsoft CEO in February, will meet with any Chinese government representatives as part of his visit, or try to resolve issues with the State Administration for Industry and Commerce (SAIC), one of China's antitrust regulators.
The Australian dollar rose to a three-week high versus the U.S. The euro received some reprieve after three sessions of losses as feverish speculation of an imminent round of easing by the European Central Bank was tempered for now. Sources told Reuters on Wednesday that the ECB is unlikely to take new policy action next week unless inflation figures on Friday show the euro zone sinking significantly towards deflation. Euro zone inflation figures on Friday are expected to show the annual rate dipping to 0.3 percent in August from 0.4 percent.
Apple won a $120 million jury verdict against Samsung earlier this year over three Apple patents. District Judge Lucy Koh in San Jose, California, on Wednesday denied Apple's request to stop Samsung from selling infringing features on its smartphones related to those patents. An Apple spokeswoman declined to comment.
To win approval for the merger, the companies agreed to sell Heinold Hog Markets, the U.S. Department of Justice said. The attorneys general of Iowa, Illinois and Missouri, all big hog-producing states, joined the settlement. "Today's proposed settlement will help ensure that hog breeders in the United States will continue to receive the benefits of vigorous competition when selling sows," said Bill Baer, assistant attorney general for DOJ's antitrust division.
Both Tiffany & Co and apparel retailer Express Inc rose after posting quarterly revenue that topped expectations and raising their full-year profit views. Best Buy Co Inc was the S&P 500's biggest percentage gainer, up 6.3 percent at $31.69. The retailers "are always late in the earnings season announcements, so there has been a lot of volatility due to earnings at a time of low volume," said Robert Eschweiler, global investment specialist at JPMorgan Private Bank in Houston.