Chipmaker Intel Corp cut its full-year revenue forecast on Thursday and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down 7 percent after hours.
Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.
The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft.
New York Attorney General Letitia James said on Thursday she is investigating Facebook Inc’s unauthorized collection of up to 1.5 million Facebook users’ email contact databases, the latest issue involving the privacy of the company’s users.
T-Mobile US Inc beat Wall Street’s first-quarter estimates for revenue and profit on Thursday, as it added more than expected net new phone subscribers who pay a monthly bill due to its competitively-priced wireless plans.
Amazon.com Inc on Thursday trounced first-quarter profit estimates on soaring demand for its cloud and advertising services, but forecast second-quarter revenue largely below expectations.
Ford Motor Co on Thursday posted a better-than-expected first-quarter as pickup truck sales remained strong in its core U.S. market and the company expressed greater confidence in its forecast that 2019 would bring better results than last year.
Chipmaker Intel Corp forecast current-quarter revenue below analysts’ estimates and cut full-year outlook on Thursday, sparking worries that an industry-wide slowdown could persist until the end of 2019, sending shares down 7 percent.
Starbucks Corp beat Wall Street estimates for quarterly sales at established cafes on Thursday, as higher prices and customer orders powered a strong growth in the United States, its largest market.
T-Mobile US Inc and Sprint Corp executives this week urged senior U.S. regulators to approve the proposed tie-up, saying the combined company would have the incentive to slash prices, according to a filing on Thursday.
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even though it is uncertain when its grounded Boeing 737 MAX jets will return to service.
The dollar rose to almost a two-year high against the euro on Thursday on an upbeat U.S. capital goods report, while world equities slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth.
Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis.
The United States on Thursday added China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.
The S&P 500 was clinging to a small gain on Thursday as concerns about slowing global growth and a dive in industrials stocks overshadowed gains in Facebook and Microsoft.
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