Microsoft beats profit estimates on gains from cloud services Microsoft beats profit estimates on gains from cloud services: Shares of the world’s largest software company rose 3.1 percent to $81.20 in trading after the bell. Microsoft’s focus on fast-growing cloud applications and platforms is helping it beat slowing demand for […]
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Global growth Sure But still not much inflation pressure Global growth Sure But still not much inflation pressure: The global economy is on its best roll in years and set to do better in 2018, but economists in Reuters polls around the world mostly said synchronous growth is not about […]
Pfizer to launch consumer health sale in November Pfizer to launch consumer health sale in November: Several global companies, including GlaxoSmithKline (GSK.L) and Reckitt Benckiser (RB.L), have expressed interest in bidding for the unit, which had sales of about $3.4 billion in 2016. The prospective sale, which is being led […]
Amazon says studio executive Joe Lewis resigns Amazon says studio executive Joe Lewis resigns: Amazon.com Inc on Monday said Joe Lewis, the head of comedy and drama at its entertainment studio unit, has stepped down, but gave no reason for his resignation. Amazon said Sharon Tal Yguado, who is the […]
Google latest iPhone rival off to a rocky start Google latest iPhone rival off to a rocky start: The Pixel 2 and Pixel 2 XL, which start at $649 and debuted in stores on Thursday, are the lynchpin of Google’s efforts to take on Apple Inc’s (AAPL.O) iPhone directly. Early […]
Wall Street closes lower Treasury prices higher Wall Street closes lower Treasury prices higher: General Electric (GE.N) tumbled 6.3 percent after some research analysts lowered their price targets on the stock, citing higher chances of a dividend cut at the industrial conglomerate. U.S. Treasury prices rose slightly, tracking gains in […]
Billions in tax breaks offered to Amazon for second headquarters Billions in tax breaks offered to Amazon for second headquarters: Elected officials are eager for the $5 billion-plus investment by Amazon and up to 50,000 new jobs that will come with “HQ2.” For its second campus, Amazon wants a metropolitan […]
Japan shares at two-decade top, yen near three-month low as Abe wins Japan shares at two-decade top, yen near three-month low as Abe wins: The U.S. dollar was the major beneficiary as President Donald Trump and Republicans took a small step toward tax cuts, boosting Wall Street stocks and lifting […]
U.S. Midwest oil refiners boost output U.S. Midwest oil refiners boost output cut region’s dependence on Gulf Coast: Since the early 2000s, crude and fuel flows from the Gulf Coast into the U.S. heartland have been cut in half, as crude coming from Canada and North Dakota has pushed U.S. […]
Henkel may make U.S. acquisitions Henkel may make U.S. acquisitions: CEO in newspaper: “If there are opportunities for acquisitions, we will take a look at whether they are a good fit in terms of strategy and price. In the United States we are for instance not yet a leading seller […]
