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Home2018April

Month: April 2018

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Business News

China’s ZTE will take ‘certain actions’ against U.S. ban

April 25, 2018 admin Comments Off on China’s ZTE will take ‘certain actions’ against U.S. ban

(Reuters) – China’s ZTE Corp said on Wednesday it planned to take “certain actions” under U.S. laws following a ban by the U.S. government on American firms doing business with the company.

…read more […]

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Business News

Boeing beats profit estimates, margins rise

April 25, 2018 admin Comments Off on Boeing beats profit estimates, margins rise

(Reuters) – Boeing Co on Wednesday reported a higher-than-expected quarterly profit and raised its full-year forecast for earnings per share and cash flow, boosted by strong demand for air travel.

…read more […]

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Business News

Twitter trounces estimates as growth moves overseas

April 25, 2018 admin Comments Off on Twitter trounces estimates as growth moves overseas

(Reuters) – Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads.

…read more […]

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Business News

Sky pulls support for Murdoch bid as Comcast confirms offer

April 25, 2018 admin Comments Off on Sky pulls support for Murdoch bid as Comcast confirms offer

LONDON (Reuters) – Sky withdrew its recommendation of Rupert Murdoch’s contested bid for the European pay-TV group after rival Comcast submitted a higher, 22 billion-pound ($31 billion) cash offer on Wednesday.

…read more […]

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Business News

Stocks slide toward longest losing streak of the year

April 25, 2018 admin Comments Off on Stocks slide toward longest losing streak of the year

LONDON (Reuters) – Shares were on their way to the longest losing streak of the year on Wednesday, as an advance in U.S. bond yields beyond 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.

…read more […]

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Rolls-Royce, Airbus to collaborate on new UltraFan engine

April 25, 2018 admin Comments Off on Rolls-Royce, Airbus to collaborate on new UltraFan engine

LONDON (Reuters) – Rolls-Royce and Airbus have signed a deal to collaborate on development of the UltraFan, a new engine that is intended to 25 percent more fuel efficient than the earliest version of the Trent engine, the British company said on Wednesday.

…read more […]

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Business News

Twitter beats estimates as growth moves overseas; shares jump

April 25, 2018 admin Comments Off on Twitter beats estimates as growth moves overseas; shares jump

(Reuters) – Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced Twitter’s video ads.

…read more […]

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Business News

Porsche appeals against seizure of files in emissions raid

April 25, 2018 admin Comments Off on Porsche appeals against seizure of files in emissions raid

BERLIN (Reuters) – Porsche has appealed against the seizure of files by prosecutors during a raid last week on the sports car brand’s premises related to inquiries into emissions manipulations, prosecutors said.

…read more […]

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Business News

Twitter beats Wall Street estimates as growth moves overseas

April 25, 2018 admin Comments Off on Twitter beats Wall Street estimates as growth moves overseas

(Reuters) – Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced Twitter’s video ads.

…read more […]

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Business News

World stocks move toward longest losing streak of the year

April 25, 2018 admin Comments Off on World stocks move toward longest losing streak of the year

LONDON (Reuters) – World shares were on their longest losing streak of the year on Wednesday, as a rise in U.S. bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.

…read more […]

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Business News

Comcast offers $31 billion for Sky, going head-to-head with Fox

April 25, 2018 admin Comments Off on Comcast offers $31 billion for Sky, going head-to-head with Fox

LONDON (Reuters) – U.S. cable company Comcast Corp made a 22 billion pound ($31 billion) offer for pay-TV group Sky on Wednesday, beating an already agreed takeover bid from Rupert Murdoch’s Fox by 16 percent.

…read more […]

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Business News

GM may raise investment plan for South Korean unit: source

April 25, 2018 admin Comments Off on GM may raise investment plan for South Korean unit: source

SEOUL (Reuters) – General Motors Co and the South Korean government are considering raising the size of their investment in the U.S. automaker’s South Korean subsidiary from a previously proposed $2.8 billion, a senior government official with direct knowledge of the matter said on Wednesday.

…read more […]

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Business News

Airbus, Dassault agree partnership for new fighter jet project

April 25, 2018 admin Comments Off on Airbus, Dassault agree partnership for new fighter jet project

BERLIN (Reuters) – Airbus and Dassault Aviation have signed an initial agreement for cooperation on Europe’s Future Air Combat System (FCAS), the two companies said on Wednesday.

…read more […]

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Business News

Boeing adds German partners for heavy-lift helicopter battle

April 25, 2018 admin Comments Off on Boeing adds German partners for heavy-lift helicopter battle

BERLIN (Reuters) – Boeing has teamed up with 10 German firms as part of its bid to win a 4 billion euro ($4.9 billion) heavy-lift helicopter contract from Berlin, the U.S. company said on Wednesday.

…read more […]

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Business News

Shire bid marks Takeda’s latest – and biggest – push for global status

April 25, 2018 admin Comments Off on Shire bid marks Takeda’s latest – and biggest – push for global status

TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd’s $64 billion bid for London-listed rare disease specialist Shire Plc bolsters its credentials as Japan’s most outward facing drugs firm, a mould-breaking image that has been more than a decade in the making.

…read more […]

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