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Home2019May

Month: May 2019

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Business News

Exclusive: Amazon interested in buying Boost from T-Mobile, Sprint – sources

May 31, 2019 admin Comments Off on Exclusive: Amazon interested in buying Boost from T-Mobile, Sprint – sources

Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, according to two sources familiar with the matter.

…read more […]

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Business News

Dell planning for potential fourth round of U.S. tariffs

May 31, 2019 admin Comments Off on Dell planning for potential fourth round of U.S. tariffs

Dell Technologies Inc Chief Financial Officer Thomas Sweet said on Thursday that the computer maker has been planning for a potential fourth round of U.S. tariffs on Chinese goods that could impact notebooks and monitors.

…read more […]

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Business News

FedEx aims to boost service, profit more from online shopping

May 30, 2019 admin Comments Off on FedEx aims to boost service, profit more from online shopping

FedEx Corp said on Thursday it will begin offering Sunday residential delivery and handoff fewer e-commerce packages to the U.S. Postal Service, as it works to bolster service and wring more profits out of the online shopping boom.

…read more […]

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Inflatable angry emoji looms over Facebook annual meeting as users vent frustrations

May 30, 2019 admin Comments Off on Inflatable angry emoji looms over Facebook annual meeting as users vent frustrations

Protesters carrying an inflatable angry emoji greeted Facebook Inc shareholders as they gathered for the company’s annual meeting on Thursday, the latest sign of its struggle to shake off privacy scandals and rein in fake news and hate speech.

…read more […]

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Business News

Gap cuts 2019 profit forecast after ‘extremely challenging’ quarter

May 30, 2019 admin Comments Off on Gap cuts 2019 profit forecast after ‘extremely challenging’ quarter

Gap Inc cut its full-year earnings forecast and reported a bigger-than-expected drop in same-store sales, especially at its Gap brand outlets, on Thursday, sending its shares down over 11% after hours.

…read more […]

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Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

May 30, 2019 admin Comments Off on Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

Uber Technologies Inc reported a $1 billion loss and a 20 percent rise in revenue in its first quarterly report as a public company on Thursday, posting results in line with its forecasts that underscored the challenges the ride-hailing service faces to become profitable one day.

…read more […]

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Dell revenue rises 3% as Windows refresh spurs PC demand

May 30, 2019 admin Comments Off on Dell revenue rises 3% as Windows refresh spurs PC demand

Dell Technologies Inc reported a 3% rise in first-quarter revenue on Thursday, as more customers upgraded their systems ahead of Microsoft’s planned phase out of Windows 7 and strong performance in its VMware Inc unit.

…read more […]

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Wall St. steadies after sell-off, but gains muted

May 30, 2019 admin Comments Off on Wall St. steadies after sell-off, but gains muted

U.S. stocks showed signs of stabilizing on Thursday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming global growth.

…read more […]

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NBCUniversal latest U.S. media company reconsidering Georgia business over abortion law

May 30, 2019 admin Comments Off on NBCUniversal latest U.S. media company reconsidering Georgia business over abortion law

NBCUniversal and WarnerMedia on Thursday joined a wave of U.S. media companies, including Walt Disney Co, saying they will reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect.

…read more […]

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Wall St. slump continues on U.S.-China trade uncertainty

May 30, 2019 admin Comments Off on Wall St. slump continues on U.S.-China trade uncertainty

U.S. stocks lost ground again on Thursday, as conflicting comments on trade talks from President Donald Trump and Beijing reinforced investor nervousness that a lengthy battle could be in the offing and harm global growth.

…read more […]

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NBCUniversal says abortion laws would ‘strongly impact’ decision on where it films

May 30, 2019 admin Comments Off on NBCUniversal says abortion laws would ‘strongly impact’ decision on where it films

Comcast Corp’s NBCUniversal said if anti-abortion laws in various U.S. states are upheld, it would “strongly impact” where it produces films and television shows in the future.

…read more […]

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GE’s CEO ‘stunned’ that factory efficiency drive only just started

May 30, 2019 admin Comments Off on GE’s CEO ‘stunned’ that factory efficiency drive only just started

General Electric Co’s chief executive said on Thursday he was “really stunned” to learn that a major factory had only recently started using lean manufacturing techniques.

…read more […]

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Oil falls to two-mth lows on small U.S. crude stock draw, trade war worries

May 30, 2019 admin Comments Off on Oil falls to two-mth lows on small U.S. crude stock draw, trade war worries

Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.

…read more […]

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General Electric CEO says some efficiency efforts are just beginning

May 30, 2019 admin Comments Off on General Electric CEO says some efficiency efforts are just beginning

General Electric Co affirmed on Thursday that it expects negative free cash flow in the second quarter, and said its power unit plans to cut costs by about 20% over the next two years as it tries to become leaner.

…read more […]

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Business News

WarnerMedia joins Disney, Netflix in reconsidering Georgia business over abortion law

May 30, 2019 admin Comments Off on WarnerMedia joins Disney, Netflix in reconsidering Georgia business over abortion law

WarnerMedia on Thursday became the third major U.S. media company to say it would reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect, following Walt Disney Co and Netflix.

…read more […]

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