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IBM gets boost from new businesses, tops estimates
International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.
Posted on : 2018-07-19 04:17:46
U.S. proposes expedited appeal in fight with AT&T over Time Warner purchase
The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on Wednesday.
Posted on : 2018-07-19 03:33:38
Corrected - Uber names new privacy chief, data protection officer
Uber Technologies Inc [UBER.UL] appointed Ruby Zefo as chief privacy officer and Simon Hania as data protection officer, a company spokeswoman told Reuters on Wednesday.
Posted on : 2018-07-19 02:40:24
Fed walks careful line on trade, but downside risks emerging
Federal Reserve Chairman Jerome Powell's official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed's responsibility and that it might all turn out for the best.
Posted on : 2018-07-19 02:39:20
S&P 500 climbs to over five-month high on strong earnings
The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season.
Posted on : 2018-07-19 02:38:29
World stocks climb to month peak, U.S. dollar hits three-week high
Stocks on major world markets climbed to a one-month high on Wednesday after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against major currencies.
Posted on : 2018-07-19 02:26:07
Europe hits Google with record $5 billion antitrust fine, appeal ahead
European antitrust regulators fined Google a record 4.34 billion euro ($5 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.
Posted on : 2018-07-19 02:13:10
U.S. proposes expedited appeal in fight with AT&T over purchase of Time Warner
The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on Wednesday.
Posted on : 2018-07-19 02:09:12
IBM quarterly results top estimates
International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.
Posted on : 2018-07-19 02:01:21
IBM quarterly revenue tops estimates
International Business Machines Corp on Wednesday reported second-quarter revenue that beat analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.
Posted on : 2018-07-19 01:43:37
Trump says EU officials want to negotiate trade deal in Washington visit
U.S. President Donald Trump said on Wednesday that European leaders were coming to Washington next week to try to hammer out a deal focused largely on car tariffs, while his top economic adviser accused Chinese President Xi Jinping of holding up a U.S.-China trade deal.
Posted on : 2018-07-19 01:14:19
Oil rises on bullish demand signals, even as U.S. stockpiles grow
Oil prices rose on Wednesday after U.S. government data indicated bullish demand for gasoline and distillates, which overshadowed a surprise build in U.S. crude inventories and U.S. crude oil production hitting 11 million bpd for the first time.
Posted on : 2018-07-19 00:52:38
Farnborough rolls out stealth orders for commercial jets
The Farnborough Airshow is typically one of the world's most publicity-focused business events, with plane giants and airline bosses battling to win headlines for deals signed under the roar of stealth fighter displays.
Posted on : 2018-07-19 00:40:23
S&P 500 hits over five-month high on solid earnings
The S&P 500 hit a five-month high on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season.
Posted on : 2018-07-19 00:24:02
World stocks hit month peak; dollar firms to three-week high
A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies.
Posted on : 2018-07-18 23:59:01
Berkshire shares surge as Buffett wins more power for stock buybacks
Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash.
Posted on : 2018-07-18 23:56:09
U.S. tech enforcer says will read 'closely' EU statement on Google
The head of the U.S. Federal Trade Commission, which has investigated Alphabet's Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe's recent decision to fine the company 4.34 billion euros ($5 billion).
Posted on : 2018-07-18 23:54:30
Hyundai sets up showroom on Amazon
Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews.
Posted on : 2018-07-18 23:47:49
EU to curb steel imports in response to Trump tariffs
The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the U.S. imposition of tariffs on incoming steel and aluminium.
Posted on : 2018-07-18 23:45:26
Fed report shows tariff concerns rising among business contacts
Manufacturers in every one of the Federal Reserve's 12 districts worried about the impact of tariffs, a Federal Reserve report said on Wednesday, even as the U.S. economy continued to expand at a moderate to modest pace.
Posted on : 2018-07-18 23:41:43
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