Nvidia Corp on Thursday joined rival Intel Corp to predict strong demand for chips used in data centers after its third-quarter revenue and profit beat market expectations.
Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll.
Activist investor Carl Icahn has taken a stake in HP Inc and is pushing for the personal computer maker’s merger with printer maker Xerox Corp, arguing that a union could yield big profits for investors, according to the Wall Street Journal.
Amazon.com Inc will protest the Pentagon’s decision to award a $10 billion cloud computing contract to Microsoft Corp , the Wall Street Journal reported (https://on.wsj.com/2CLjsdK) on Thursday, citing a statement.
Amazon.com Inc will protest the Pentagon’s decision to award a $10 billion cloud computing contract to Microsoft Corp, the Wall Street Journal reported (https://on.wsj.com/2CLjsdK) on Thursday, citing a statement. Amazon did not immediately respond to a Reuters request for comment. A challenge to the Defense Department’s award announced last month was widely expected by legal experts, analysts and consultants, especially after President Donald Trump publicly derided Amazon’s bid for the high-stakes contract. …read more […]
Montana lawmakers representing Native American tribal members called on the state’s congressional delegation and the U.S. State Department on Thursday to extend the public comment period for the environmental review of the Keystone XL pipeline, saying tribes were not properly consulted.
Nvidia beat Wall Street’s estimates for third-quarter revenue and earnings. Yahoo Finance’s Emily McCormick has the details. …read more […]
Visa Inc on Thursday said the Federal Trade Commision (FTC) has initiated an inquiry into whether the payments processor’s actions prohibited merchants from using other debit payment networks.
Netflix said on Thursday it would make changes to maps in a documentary that showed German Nazi death camps inside the borders of modern Poland, after Polish Prime Minister Mateusz Morawiecki pressed the streaming and production company to act. The maps in the documentary series “The Devil Next Door” were criticised by Morawiecki earlier this week for implying that Poland existed at that time as an independent nation within its postwar borders and thus could share responsibility for the atrocities committed at the camps during World War Two. …read more […]
Q3 2019 Infinera Corp Earnings Call …read more […]
Boeing Co has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, the planemaker said on Thursday.
When investors thought Canopy Growth (CGC) couldn’t report any worse numbers, the company shocked the market with another big miss. Digging into the numbers, the underlying trends were better than the headlines, but the leading Canadian cannabis LP has a long way to go before the business is supportive of the current valuation still around $5.2 billion.Big ChargesThe company officially reported FQ2 revenues of C$76.6 million. These revenues were hit by C$32.7 million in restructuring charges from returns and pricing allowances from the softgel and oil inventory and an inventory charge of C$15.9 million.These combined charges reduced gross margins by …read more […]
The 50 attorneys general investigating advertising practices at Alphabet Inc’s Google are planning to expand their antitrust probe into the unit’s flagship Android business, CNBC reported on Thursday, citing people familiar with the matter.
Boeing Co has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, the planemaker said on Thursday. The company began to build 777 fuselages in 2015 in an upright orientation, with robots drilling holes and installing fasteners, an initiative known as fuselage automated upright build (FAUB). Boeing had faced delays last year when the FAUB machine was tried out on existing versions of the 777. …read more […]
WeWork’s junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer had yet to deliver on a plan to buy $3 billion of stock from existing shareholders.
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