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.
Year: 2018
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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 […]
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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.
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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 […]
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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.
Business News
AT&T subscriber growth beats estimates
AT&T Inc added a net 46,000 postpaid mobile phone subscribers in the second quarter, beating Wall Street estimates as the No. 2 U.S. wireless carrier ground out some growth in a saturated market. Analysts on average were expecting net adds of 14,000, according to financial and data analytics firm FactSet.
Business News
Lululemon names Calvin McDonald as new CEO
Apparel maker Lululemon Athletica Inc on Tuesday named Calvin McDonald as its new chief executive officer, replacing Laurent Potdevin.
Business News
Texas Instruments third-quarter profit forecast beats estimates
Texas Instruments Inc , whose CEO Brian Crutcher resigned a week ago, forecast better-than-expected revenue and profit for the third quarter as it benefits from higher sales of semiconductors used in cars and industrial machinery.
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Trump to Provide $12 Billion in Aid to Farmers. Critics Cry ‘Welfare!’
The Trump administration is offering $12 billion in emergency aid to American farmers who have been hurt by the president’s escalating trade war with China and other countries. “This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals,” said Agriculture Secretary Sonny Perdue. Speaking at an event in Kansas City Tuesday, Trump said that “farmers will be the biggest beneficiary” of his efforts to secure more favorable trade deals. …read more […]
Business News
Citron’s Left reiterates belief AbbVie shares will fall sharply
Short-seller Andrew Left’s Citron Research expanded on his prediction that U.S. drugmaker AbbVie Inc’s stock would fall to $60 a share, arguing that new regulations to speed biosimilar drugs to the market and reform rebates will hurt revenue from the company’s top-selling drug, Humira.
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Ford follows GM’s Cruise move with self-driving spinoff
By Arunima Banerjee, Paul Lienert and David Shepardson (Reuters) – Ford Motor Co said on Tuesday it was creating a separate $4 billion (3.05 billion pounds)unit to house its self-driving vehicle operations … …read more […]
Business News
Scooter companies ride high on hope and hype
Segway-Ninebot Group, a Beijing-based manufacturer of electric scooters, rolled into Los Angeles this week hoping to bolster its position as the main supplier for a new wave of well-funded scooter-rental startups and offer a peek at new battery-powered transit products.