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Updated: 2 hours 36 min ago

Miner Anglo American posts 2% rise in second-quarter output

Thu, 07/18/2019 - 07:17
Miner Anglo American said on Thursday its overall output rose 2% in the second quarter, benefiting from a ramp up in iron ore production at its Minas-Rio mine in Brazil and increased metallurgical coal output.
Categories: Financial Media

Danske Bank second-quarter pre-tax profit hit by costs, low interest rates

Thu, 07/18/2019 - 07:15
Danske Bank's second-quarter pretax profit came in below expectations on Thursday hit by low interest rates and higher costs associated with compliance in the aftermath of a money-laundering scandal at its Estonian branch.
Categories: Financial Media

Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

Thu, 07/18/2019 - 05:13
Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries.
Categories: Financial Media

Crude futures steady after fall on U.S. oil products stocks gain

Thu, 07/18/2019 - 04:06
Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.
Categories: Financial Media

Australian developer LendLease lands $15 billion project with Google; shares surge

Thu, 07/18/2019 - 03:41
Australia's LendLease Group on Thursday said it secured a contract with Alphabet Inc's Google to develop $15 billion worth of residential and retail space in Silicon Valley, sending the builder's stock to a more than eight-month high.
Categories: Financial Media

Asian stocks wobble, bond yields fall on earnings woes, trade worries

Thu, 07/18/2019 - 02:27
Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven U.S. Treasuries.
Categories: Financial Media

Netflix shares plunge as global growth falls short, U.S. customers shrink

Thu, 07/18/2019 - 01:01
Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
Categories: Financial Media

Netflix to roll out cheaper mobile-only plan in India

Thu, 07/18/2019 - 00:10
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging.
Categories: Financial Media

Japanese official says negotiators working hard on U.S.-Japan trade deal

Thu, 07/18/2019 - 00:07
U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to news on the deal in the near future.
Categories: Financial Media

Cloud growth fuels IBM profit beat

Wed, 07/17/2019 - 23:36
International Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud business.
Categories: Financial Media

Wall St. falls as CSX results signal damage from trade tensions

Wed, 07/17/2019 - 22:46
U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings.
Categories: Financial Media

EBay beats estimates as more shoppers flock to site, shares rise

Wed, 07/17/2019 - 22:41
EBay Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers, sending its shares up 5%.
Categories: Financial Media

Boeing to make $50 million in payments to 737 MAX crash victims' families

Wed, 07/17/2019 - 22:14
Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world's largest plane maker to oversee the distribution.
Categories: Financial Media

Cloud growth fuels IBM profit beat, shares rise

Wed, 07/17/2019 - 22:13
International Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading.
Categories: Financial Media

Netflix shares tumble as it misses global subscriber forecasts

Wed, 07/17/2019 - 22:03
Netflix Inc added fewer quarterly subscribers than Wall Street expected and its U.S. customer base shrank as its programming failed to draw new viewers, jarring investors ahead of looming competition.
Categories: Financial Media

California settles decades-long lawsuit over lead paint, but outcome is bittersweet

Wed, 07/17/2019 - 21:54
When Californian counties and cities first sued paint makers in 2000, they wanted the companies to pay billions to remove dangerous old lead paint from hundreds of thousands of homes.
Categories: Financial Media

Trade, earnings worry drag on stocks; U.S. Treasury yields fall

Wed, 07/17/2019 - 21:12
A gauge of global equities retreated for a second straight session and U.S. Treasury yields fell as simmering trade concerns gained steam and the pace of the U.S. corporate earnings season picked up.
Categories: Financial Media

U.S. solar sector launches lobbying push to preserve key subsidy

Wed, 07/17/2019 - 21:06
The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set to begin phasing out next year.
Categories: Financial Media

Qualcomm set to face second EU antitrust fine shortly: sources

Wed, 07/17/2019 - 21:01
Qualcomm , the world's no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said.
Categories: Financial Media

U.S. lawmakers challenge Facebook over Libra cryptocurrency plan

Wed, 07/17/2019 - 19:43
U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted.
Categories: Financial Media

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