HOFFMAN ESTATES, Ill. (Reuters) – Sears Holdings Corp shares jumped 16 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
(Reuters) – Twenty-First Century Fox Inc’s , the media and entertainment company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts’ estimate on Wednesday, as higher fees from cable and satellite distributors drove cable business earnings to a record high.
With key components about to run out, Ford is pulling the plug on production of its most profitable and popular model, the F-150. …read more […]
The Dodge Demon doesn’t strike us as a muscle car much in need of a performance makeover. After all, this 840-horsepower MoPar machine’s voracious quest for straight-line speed means it trims weight by jettisoning everything from a front passenger seat and rear seat, to its stereo and all carpeting in the trunk. The folks at Hennessey apparently think that’s not nearly extreme enough. So, the Texas-based tuning outfit has turned the Demon into a 1,035-horsepower beast that runs a quarter-mile in …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday.
ZTE wasn’t kidding around when it suggested that a U.S. Department of Commerce …read more […]
(Reuters) – A former clerk at the Wall Street law firm Simpson Thacher & Bartlett was sentenced on Wednesday to 37 months in prison for his role in an insider trading ring that passed merger tips on napkins and Post-it notes in New York’s Grand Central Terminal.
(Reuters) – Rupert Murdoch-controlled Twenty-First Century Fox Inc’s quarterly revenue beat analysts’ estimate on Wednesday as the company received higher fees from cable and satellite distributors.
(Reuters) – Wall Street surged on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear agreement with Iran.
On a per-share basis, the Monroe, Louisiana-based company said it had profit of 11 cents. Earnings, adjusted for non-recurring costs, came to 25 cents per share. The results exceeded Wall Street expectations. … …read more […]
(Reuters) – Twenty-First Century Fox Inc reported on Wednesday a 2 percent drop in quarterly revenue from a year earlier, which was boosted by the Super Bowl that Fox aired last year.
NEW YORK (Reuters) – Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.
DETROIT (Reuters) – Ford Motor Co shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment.
HOFFMAN ESTATES, ILL. (Reuters) – Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
NEW YORK/MUMBAI (Reuters) – Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in its largest-ever deal, an effort to compete with Amazon.com Inc in an important growth market.
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