Business & Finance News
Nvidia Corp on Thursday joined rival Intel Corp to predict strong demand for chips used in data centers after its third-quarter revenue and profit beat market expectations.
Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll.
Activist investor Carl Icahn has taken a stake in HP Inc and is pushing for the personal computer maker’s merger with printer maker Xerox Corp, arguing that a union could yield big profits for investors, according to the Wall Street Journal.
Amazon.com Inc will protest the Pentagon’s decision to award a $10 billion cloud computing contract to Microsoft Corp , the Wall Street Journal reported (https://on.wsj.com/2CLjsdK) on Thursday, citing a statement.
Montana lawmakers representing Native American tribal members called on the state’s congressional delegation and the U.S. State Department on Thursday to extend the public comment period for the environmental review of the Keystone XL pipeline, saying tribes were not properly consulted.
Visa Inc on Thursday said the Federal Trade Commision (FTC) has initiated an inquiry into whether the payments processor’s actions prohibited merchants from using other debit payment networks.
Boeing Co has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, the planemaker said on Thursday.
The 50 attorneys general investigating advertising practices at Alphabet Inc’s Google are planning to expand their antitrust probe into the unit’s flagship Android business, CNBC reported on Thursday, citing people familiar with the matter.
WeWork’s junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer had yet to deliver on a plan to buy $3 billion of stock from existing shareholders.
The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart.
World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the U.S.-China trade war’s impact on global growth.
U.S. prosecutors criminally charged two former executives of Herbalife Nutrition Ltd’s Chinese unit with running a decade-long scheme to bribe Chinese government officials to win business and evade regulatory scrutiny, a person familiar with the matter said.
The benchmark S&P 500 posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems Inc was offset by a strong report from big box retailer Walmart Inc .
U.S. Attorney General William Barr said on Thursday that Huawei Technologies Co and ZTE Corp “cannot be trusted” and labeled them a security threat as he backed a proposal to bar U.S. rural wireless carriers from tapping an $8.5 billion government fund to purchase equipment or services from them.
(Reporting by Amal S in Bengaluru; Editing by Shounak Dasgupta)
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
