Asian stocks rode higher on Wednesday thanks to strong U.S. corporate earnings and hopes China will boost fiscal support for its economy, while long-term U.S. yields hovered near six-week highs on speculation the Bank of Japan could be less accommodative.
The Apple Inc (AAPL.O) supplier posted an operating loss of 228 billion won (153.72 million pounds), compared with an average forecast of a 247 billion won loss derived from a Thomson Reuters survey of 11 analysts. It was LG Display’s second consecutive quarterly loss amid an uncertain time for the global panel industry, with Chinese manufacturers ramping up capacity and a glut of LCD output crimping prices and profit margins. …read more […]
South Korea’s LG Display Co Ltd said on Wednesday its losses mounted in the second quarter due to falling panel prices and weaker demand from television and handset makers.
Facebook has set up a subsidiary in China and plans to create an “innovation hub” to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked.
Asian memory chipmakers’ production plans and outlook will be closely watched as they start reporting earnings this week, following sharp falls in their stock prices due to concerns that a 2-year industry super-cycle may be skidding to a halt.
Brussels, Athens and Piraeus are among cities London insurance brokers could consider for European Union subsidiaries, with time running out to plan for a hard Brexit, a trade body said on Wednesday.
LANSING, Mich. (AP) — Drugmaker Pfizer Inc. plans to expand manufacturing in Michigan and add 450 jobs under an incentives deal approved Tuesday by the state’s economic development arm. …read more […]
U.S. President Donald Trump’s daughter Ivanka Trump on Tuesday said she was shutting her fashion line to focus on her role as an informal White House adviser, where she is working on advancing working women.
AT&T Inc. (T) just released its latest quarterly results, posting earnings of $0.81 per share and revenues of $39 billion. …read more […]
AT&T Inc reported quarterly revenue that fell shy of Wall Street estimates, sending its shares down about 1 percent after the close of regular trading.
After a six-week trial, the second-largest U.S. carrier by subscribers won court approval last month to close its $85 billion (64.72 billion pounds)acquisition of media company Time Warner Inc and began bundling the content it gains from the deal with new wireless plans in an effort to drive subscriber growth. A federal appeals court last week approved the U.S. Justice Department’s request for an expedited schedule to appeal the Time Warner ruling on antitrust concerns. Time Warner and other merger costs were $321 million in the second quarter when the trial took place. …read more […]
Wall Street has given the agricultural sector a boost after Trump administration said it is preparing a plan that would send billions in aid to U.S. farmers hurt by tariffs. CF Industries Holding and Mosaic … …read more […]
Boeing Co played for time on its proposed new mid-sized jet at the Farnborough Airshow last week, announcing it would decide next year whether to launch its first all-new plane in a decade and giving itself 9-12 months to hone its business case.
Republicans in the House released a brief outline of their proposed next round of tax cuts Tuesday. The two-page document calls for making the individual tax cuts and pass-through deductions, which are currently scheduled to expire in 2026, permanent. House Ways and Means Chairman Kevin Brady (R-TX) said that he expects the cost of those changes to come in at roughly $600 billion. …read more […]
Microsoft talks LinkedIn, gaming, and the cloud. …read more […]
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