AMD revenue forecast disappoints on weak console demand
Advanced Micro Devices Inc’s first-quarter revenue estimate came in largely below analysts’ estimates due to waning demand from gaming console makers, even as its data center and PC chips business tracked a recovery in the chip industry.
Exclusive: OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe – sources
OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.
EBay forecasts first-quarter revenue below estimates, shares fall
EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.
Starbucks expects hit from coronavirus after closing half of China stores
Starbucks Corp on Tuesday became the first major U.S. company to signal a hit from the new coronavirus outbreak in China, as it closed more than half of its stores in China and adjusted its operating hours.
Exclusive: Do or die – Nissan takes the axe to the house Ghosn built
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.
Apple iPhone sales return to growth, pushing profits above expectations
Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
Global stocks rally in big rebound, safe-havens lose luster
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets eased as investors took a less pessimistic view of the potential economic fallout from China’s coronavirus outbreak.
Airbus faces $4 billion fine after international bribery probe
Airbus faces a $4 billion fine and sharply lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.
Apple sparks Wall Street bounce ahead of results
U.S. stocks rebounded on Tuesday, as the S&P 500 bounced back from its worst day in nearly four months, led by a climb in Apple and other names hit by exposure concerns to the coronavirus outbreak in China that sparked a recent sell-off.
Deutsche Bank delays raises to fixed pay after changing annual date for pay adjustments
Deutsche Bank AG has delayed raises to fixed pay compensation at the German bank by three months until after April 1, citing the need to further improve cost management, according to a memo seen by Reuters on Tuesday.
