MIDEAST STOCKS - Factors to watch - Mar 26
DUBAI, March 26 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
Jan 27 Seagate Technology Plc reported a 13 percent decline in quarterly profit as demand fell for its hard-disk drives due to declining personal computer sales.
Net income fell to $428 million, or $1.24 per share in the second quarter ended Dec. 27, from $492 million, or $1.30 per share, a year earlier.
Revenue fell to $3.53 billion from $3.67 billion.
Seagate and rival Western Digital Corp are tapping into the growing demand for products that help store data in the cloud and reducing their dependence on personal computer hard drives as consumers shift to smartphones and tablets.
March 25 Uber Technologies Inc suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.