Business & Finance News
CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s expectations, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer, trains.
Apollo Global Management LLC has agreed to acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm would own the U.S. food retailer, people familiar with the matter said on Tuesday.
Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with Apple Inc that includes a supply agreement paving the way for the iPhone to once again use Qualcomm modem chips including potentially for new 5G capability.
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form, a source familiar with the matter said on Tuesday, though a final decision has not been made.
The White House has told two U.S. House Democrats it will not turn over documents that could show whether Republican President Donald Trump sought to intervene in the regulatory review of AT&T Inc’s $85 billion acquisition of Time Warner Inc.
Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido’s chief legal representative said on Tuesday.
Netflix Inc reported quarterly results on Tuesday that beat Wall Street targets, but the world’s largest online streaming service predicted it would hook fewer new customers than expected through June, just as Walt Disney Co and others prepare to escalate the streaming video wars.
CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s expectations, after the No. 3 U.S. railroad operator contained costs and pushed through price increases.
United Airlines on Tuesday reported a first quarter profit increase that easily beat Wall Street forecasts as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded.
International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best.
Netflix Inc on Tuesday forecast a fall in global paid subscriber additions for the second quarter compared with a year earlier after reporting better-than-expected subscriber additions in the first quarter, sending its shares down 4 percent.
U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.
Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc, signing a six-year patent license deal and a supply agreement that could pave the way to getting its modem chips back in the iPhone, which featured only Intel Corp chips last year.
Apple Inc and Qualcomm Inc on Tuesday settled their royalty dispute, reaching an agreement on global patent license and chipset supply.
Former U.S. Interior Secretary Ryan Zinke, who stepped down in December amid ethics investigations, has joined the board of junior mining exploration company U.S. Gold Corp, the company said on Tuesday.
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