Business News
Nokia’s IP routing business hit by component shortage: CEO
Nokia’s second-quarter sales of IP routers were held back by component supply shortages, the network equipment maker’s chief executive said on Thursday.
Articles by admin
Business News
Mastercard raises FY expenses outlook, shares fall
Mastercard Inc beat second-quarter profit estimates on Thursday but the world’s second-largest payments processor raised its full-year guidance for expenses, sending its shares 3 percent lower before the opening bell.
Business News
NXP launches $5 billion buyback after Qualcomm deal fails
NXP Semiconductors followed Qualcomm Inc in announcing share buybacks worth billions of dollars on Thursday as the companies sought to compensate investors for the collapse of their $44 billon merger due to Chinese opposition.
Business News
McDonald’s global strength helps offset U.S. same-store sales miss
McDonald’s Corp topped global same-restaurant sales estimates for the second quarter on Thursday, with strength in international markets helping offset weakness in the United States.
Trading Ideas
Here's what every major Wall Street analyst had to say about Facebook's plummeting stock
Here’s a wrap of the top analyst opinions on Facebook’s earnings results. …read more […]
Trading Ideas
Facebook's active user growth went into reverse for the first time, and the worst is yet to come (FB)
Facebook saw a decline in monthly active users for the first time in its history. It’s a big deal because the decline was in Europe, which has just introduced the strict new GDPR privacy regulation. It shows that regulation is capable of curtailing Facebook’s massive growth and capping its revenue. …read more […]
Business News
MasterCard’s quarterly profit rises 33 percent
MasterCard Inc , the world’s second-largest payments processor, reported a 33 percent rise in quarterly profit as customers spent more using its network on the back of a strengthening U.S. economy.
Business News
McDonald’s global same-restaurant sales beat estimates
McDonald’s Corp topped Wall Street estimates with a 4 percent growth in quarterly sales at its established restaurants globally on Thursday, as customers flocked at its outlets for value menu offerings.
Business News
Spotify hits subscriber targets in race with Apple Music
Music streaming leader Spotify’s paid subscribers rose 10 percent in the second quarter, it said on Thursday, as it races to stay ahead of mounting competition from Apple Music , especially in the U.S. market.
Business News
Facebook slams Nasdaq futures, EU-U.S. trade deal offers relief
A $150 billion slump in Facebook shares set the tech-heavy Nasdaq on track to shed more than 100 points at the open on Thursday, while S&P and Dow futures got a boost from signs the United States and the European Union will negotiate on trade.
Trading Ideas
Celgene beats on Revlimid sales, raises 2018 forecast
Celgene Corp topped Wall Street estimates for quarterly profit on Thursday, helped by higher demand for its blockbuster cancer drug Revlimid, and the U.S. drugmaker raised its full-year earnings forecast. … …read more […]
Business News
It started with a kiss: how Juncker wooed Trump
Jean-Claude Juncker was hailed as a hero by European business on Thursday for making Donald Trump blink and withdraw a threat to slap punitive import tariffs on EU cars and so escalate a transatlantic trade war.
Business News
Spotify hits subscriber targets but revenues slow on EU data rules
Music streaming leader Spotify on Thursday reported results mostly in line with forecasts, as the number of paid subscribers rose 10 percent over the last three months, but revenue growth was slowed by new European data privacy rules.
Business News
Daimler to split business into cars, trucks, mobility units
Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.
Business News
Comcast profit tops estimates as internet customers grow
Comcast Corp on Thursday said it shed more cable TV subscribers than the previous year, but beat Wall Street estimates for quarterly profit as it gained more high-speed internet customers.