Business News
Stocks end slightly higher though rate jitters linger
(Reuters) – Wall Street eked out a small gain on Wednesday as optimism over a spate of upbeat earnings was offset by jitters over rising bond yields and corporate costs.
Year: 2018
Business News
Qualcomm’s quarterly profit falls 51.5 percent
(Reuters) – Qualcomm Inc’s quarterly profit fell 51.5 percent due to higher costs and as the chipmaker sold fewer modem semiconductors used in mobile phones.
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DNA linked former police officer to serial killings
A DNA match in the past six days tied a former police officer to some of the crimes committed by a California serial killer behind at least 12 homicides and 45 rapes throughout the state in the 1970s and ’80s, police officials announced Wednesday. Joseph James DeAngelo, 72, who was fired from the Auburn Police Department, was arrested after a DNA sample came back as a match to the Golden State Killer, Sacramento County District Attorney Anne Marie Schubert said. Officials said DeAngelo had been arrested on suspicion of committing four killings in Sacramento and Ventura counties and …read more […]
Business News
Wall Street struggles for footing on cost worries, rising yields
NEW YORK (Reuters) – Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs.
Business News
Trump and Apple CEO Cook meet at White House with trade the focus
WASHINGTON (Reuters) – President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies.
Business News
Chipotle rallies ahead of debut report from new CEO
SAN FRANCISCO (Reuters) – Shares of Chipotle Mexican Grill rallied on Wednesday ahead of the company’s first quarterly report under a new chief executive hired to turn around the struggling burrito chain.
Business News
Volatile ruble encourages McDonald’s to cook up Russian fries
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.
Business News
Volkswagen reaches $33.5 million diesel emissions settlement with Maryland
WASHINGTON (Reuters) – Volkswagen AG has reached a $33.5 million settlement with Maryland over state claims related to the German automaker’s excess emissions, court documents show.
Business News
Twitter shares fall on outlook of slower growth, rising costs
(Reuters) – Twitter Inc shares fell about 5 percent 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.
Business News
Financial, tech stocks lead Wall Street lower as yields rise
(Reuters) – Financial and technology stocks led Wall Street lower on Wednesday as concerns about rising U.S. bond yields eclipsed gains from Boeing and Comcast following strong results.
Business News
Boeing cruises past forecasts, sees no sign of cost trouble
(Reuters) – Boeing Co’s profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world’s biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record year.
Business News
Volatile rouble encourages McDonald’s to cook up Russian fries
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.
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Apple could be making a huge change to iPhone naming this year (AAPL)
Apple used to stick to a consistent pattern for numbering its iPhones. For the past decade, there was an easy way to figure out if you had the newest and fastest iPhone: simply look at the model’s number. For example, the iPhone 7 is faster and newer than the iPhone 6. …read more […]
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General Electric liquidation would be a ‘fool’s errand’: Bob Wright
The former vice chair said the 125-year-old company should consider joint ventures instead of liquidating. …read more […]
Business News
Chevron evacuates Venezuela executives following staff arrests
(Reuters) – 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.