Business News
LG Display losses mount on falling panel prices
South Korea’s LG Display Co Ltd said on Wednesday its losses mounted in the second quarter due to falling panel prices and weaker demand from television and handset makers.
Month: July 2018
Business News
Facebook plans innovation hub in China despite tightening censorship
Facebook has set up a subsidiary in China and plans to create an “innovation hub” to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked.
Business News
Asian chipmakers’ production plans in focus as super-cycle winds down
Asian memory chipmakers’ production plans and outlook will be closely watched as they start reporting earnings this week, following sharp falls in their stock prices due to concerns that a 2-year industry super-cycle may be skidding to a halt.
Business News
Brussels, Greece among EU Brexit options for London insurance brokers: trade body
Brussels, Athens and Piraeus are among cities London insurance brokers could consider for European Union subsidiaries, with time running out to plan for a hard Brexit, a trade body said on Wednesday.
Trading Ideas
Pfizer to build new facility, add 450 jobs in Michigan
LANSING, Mich. (AP) — Drugmaker Pfizer Inc. plans to expand manufacturing in Michigan and add 450 jobs under an incentives deal approved Tuesday by the state’s economic development arm. …read more […]
Business News
Ivanka Trump closes fashion line to focus on helping her father
U.S. President Donald Trump’s daughter Ivanka Trump on Tuesday said she was shutting her fashion line to focus on her role as an informal White House adviser, where she is working on advancing working women.
Trading Ideas
AT&T (T) Misses Earnings But Raises Guidance, Shares Downs 1.4%
AT&T Inc. (T) just released its latest quarterly results, posting earnings of $0.81 per share and revenues of $39 billion. …read more […]
Business News
AT&T revenue misses Wall Street estimates, shares slip
AT&T Inc reported quarterly revenue that fell shy of Wall Street estimates, sending its shares down about 1 percent after the close of regular trading.
Trading Ideas
AT&T revenue misses Wall Street estimates, shares slip
After a six-week trial, the second-largest U.S. carrier by subscribers won court approval last month to close its $85 billion (64.72 billion pounds)acquisition of media company Time Warner Inc and began bundling the content it gains from the deal with new wireless plans in an effort to drive subscriber growth. A federal appeals court last week approved the U.S. Justice Department’s request for an expedited schedule to appeal the Time Warner ruling on antitrust concerns. Time Warner and other merger costs were $321 million in the second quarter when the trial took place. …read more […]
Trading Ideas
Ag sector bounces on news of US tariff aid for farmers
Wall Street has given the agricultural sector a boost after Trump administration said it is preparing a plan that would send billions in aid to U.S. farmers hurt by tariffs. CF Industries Holding and Mosaic … …read more […]
Business News
Threading the needle: Boeing’s cost challenge for new mid-sized jet
Boeing Co played for time on its proposed new mid-sized jet at the Farnborough Airshow last week, announcing it would decide next year whether to launch its first all-new plane in a decade and giving itself 9-12 months to hone its business case.
Trading Ideas
Tax Cuts 2.0 Could Cost $600 Billion
Republicans in the House released a brief outline of their proposed next round of tax cuts Tuesday. The two-page document calls for making the individual tax cuts and pass-through deductions, which are currently scheduled to expire in 2026, permanent. House Ways and Means Chairman Kevin Brady (R-TX) said that he expects the cost of those changes to come in at roughly $600 billion. …read more […]
Trading Ideas
3 Must-See Quotes From Microsoft Corporation Management
Microsoft talks LinkedIn, gaming, and the cloud. …read more […]
Business News
World stocks hit one-month high on U.S. earnings, China support
Stocks on major world markets hit their highest in more than a month on Tuesday, on good earnings reports from U.S. companies and after China promised fiscal action to support the world’s second-largest economy.
Business News
S&P reaches highest level since February as Alphabet shares soar
The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season.