Business News
Facebook's rise in profits, users shows resilience after scandals4/25/2018 9:08:53 PM - 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.Ford targets higher margins faster, to drop unpopular cars4/25/2018 8:51:15 PMDETROIT - 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.Qualcomm profit tops estimates on higher modem chip sales4/25/2018 8:59:03 PM - 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.Twitter shares fall on outlook of slower growth, rising costs4/25/2018 8:00:44 PM - Twitter Inc shares fell on Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.Wall Street ekes out small gain as earnings offset cost worries4/25/2018 9:20:58 PMNEW YORK - 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.Steel, sunset clause cloud NAFTA talks, as ministers press for deal4/25/2018 9:29:10 PMWASHINGTON - 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.Chevron evacuates Venezuela executives following staff arrests4/25/2018 9:36:32 PM - U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.Comcast confirms $31 billion bid for Sky, sparking battle with Fox4/25/2018 4:44:27 PMLONDON/NEW YORK - U.S. media group Comcast submitted a 22 billion pound($30.7 billion) bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox .Trump, top aides talk trade with Apple CEO Cook at White House4/25/2018 9:34:00 PMWASHINGTON - 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.Proxy adviser ISS backs call for gun safety report at Sturm Ruger4/25/2018 9:16:51 PMBOSTON - 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.