Business & Finance News
(Reuters) – U.S. chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.
LONDON (Reuters) – British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday.
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.
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.
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.
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.
NEW YORK (Reuters) – Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs.
(Reuters) – U.S. chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, led by higher sales of modem semiconductors used in smartphones and connected cars.
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) – Facebook Inc shares rose after the bell 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.
(Reuters) – Facebook Inc’s quarterly profit and revenue beat analysts’ estimates on Wednesday, as the social media company’s mobile ad business grew on a major push to add more video content.
DETROIT (Reuters) – Ford Motor Co on Wednesday posted a higher quarterly net profit, beating analyst expectations, as a 7 percent increase in revenue and a lower tax rate offset a jump in expenses, especially commodity costs.
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