DETROIT (Reuters) – Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.
(Reuters) – Billionaire Steven A. Cohen’s hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project.
The company has been relying on promotions and discounts to stabilize its wireless and pay-TV subscriber numbers, which have taken a toll on its margins, New Street Research analyst Jonathan Chaplin said in an interview. AT&T is fighting the U.S Department of Justice in court to complete its $85.4 billion takeover of Time Warner Inc (TWX.N), which it has called necessary for it to compete for advertising dollars and in an industry increasingly dependent on content. Chaplin said AT&T’s entertainment business performed worse than he expected in the quarter, coming in 4.5 percent lower than his forecast. …read more […]
The Latest on developments in a California serial killer case (all times local): 3:40 p.m. Neighbors say a man who authorities suspect of being a serial killer in the 1970s and ’80s was prone to angry, … …read more […]
The world’s largest payments network, like its smaller rival Mastercard Inc (MA.N), gets most of its revenue through transaction fees, which are earned every time a customer swipes their credit or debit card on the company’s network. Visa has seen card payments grow thanks to higher U.S. consumer spending and rising oil prices. Higher gas prices translate to a higher dollar volume in transaction fees for Visa. …read more […]
BERLIN (Reuters) – Big data analytics are helping Lockheed Martin Corp’s helicopter unit improve the maintenance of its aircraft and cut costs by identifying patterns that might have otherwise gone unnoticed, Sikorsky President Dan Schultz said on Wednesday.
Confirming what has long been suspected, Ford today announced in its quarterly financial report that it will not invest in a next-generation of sedans for North America. …read more […]
WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada’s opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounted to seal a quick deal on updating NAFTA.
Qualcomm Incorporated (QCOM) just released its latest quarterly financial results, posting adjusted earnings of $0.80 per share and revenues of $5.23 billion. …read more […]
President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker. Cook, who has urged calm during the recent flare in U.S. trade tensions with China, held private talks with Trump in the Oval Office. …read more […]
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder resolution calling on Sturm Ruger & Co to report on gun safety.
WASHINGTON (Reuters) – President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker.
(Reuters) – Facebook Inc shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.
Among the four members making up pro gaming organization Team Secret’s new …read more […]
WASHINGTON (AP) — The Latest on Ronny Jackson, President Donald Trump’s pick to be secretary of Veterans Affairs (all times local): …read more […]
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