Qualcomm Inc said on Wednesday it expected 200 million 5G smartphones to be sold in 2020, including flagship devices launching next fall, a reference Wall Street took as a hint that Apple Inc would offer the faster technology next year.
Nov.06 — Richard Wong, vice president and head of ICT for Asia Pacific at Frost & Sullivan, talks about Chinese internet companies. Baidu Inc. reported quarterly revenue that beat analysts’ estimates after the Chinese search giant’s business proved resilient to an economic slowdown and competition from ByteDance Inc. Wog speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” …read more […]
U.S. video streaming service Roku Inc reported a wider net loss in the third quarter on Wednesday, as it spent more to attract subscribers to its video streaming platform.
Shares of SoftBank Group fell more than 4% in early trade on Thursday after the Japanese conglomerate reported a $6.5 billion quarterly loss, its first such loss in 14 years, dragged down by a massive hit at its giant Vision Fund.
Asian shares paused near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.
The board of Google parent company Alphabet Inc is investigating executives’ handling of sexual harassment and other misconduct claims, and expects to complete its probe by early December, according to a recent court filing.
MCLEAN, Va. (AP) _ Gladstone Land Corp. (LAND) on Wednesday reported a key measure of profitability in its third quarter. The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $3 million, or 14 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. …read more […]
Several high-profile shale executives have claimed that the glory days of U.S. shale are well and truly over, with some of the sector’s biggest companies pulling back significantly …read more […]
GoDaddy Inc on Wednesday announced its biggest ever share buyback of $500 million and reported a 12% rise in quarterly revenue as the web hosting company earned more per user, sending its shares up 10% in extended trading.
Steel giant ArcelorMittal wants to cut 5,000 jobs in Italy because of low production levels at its Taranto plant, Italian Prime Minister Giuseppe Conte said on Wednesday, denouncing the plan as “unacceptable”.
The U.S. Department of Justice has demanded documents related to the transmission used in about 2 million of Ford Motor Co’s Fiesta and Focus vehicles sold throughout this decade, the Detroit Free Press reported on Wednesday. A Ford spokesman told Reuters that it has cooperated with the National Highway Traffic Safety Administration (NHTSA) as to DPS6-related issues beginning in 2014. …read more […]
U.S. printer maker Xerox Holdings Corp has made a roughly $33 billion cash-and-stock offer for personal computer maker HP Inc , a company more than three times its size, people familiar with the matter said on Wednesday.
U.S. video streaming service Roku Inc reported a wider net loss in the third quarter on Wednesday, as it spent more to attract subscribers to its video streaming platform.
Canadian Prime Minister Justin Trudeau on Wednesday cited “positive momentum” in the U.S. process to ratify a new North American trade deal, which has been in limbo for months amid concerns over labor standards.
Senate majority leader Mitch McConnell joined a bipartisan group of senators on Wednesday in introducing a bill to secure the pensions for nearly 90,000 retired coal miners as a recent wave of coal company bankruptcies threatens the solvency of the federal pension fund.
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