Roku quarterly net loss widens, overshadows earnings beat
U.S. video streaming service Roku Inc reported a wider net loss in the third quarter on Wednesday, as it spent more to attract subscribers to its video streaming platform.
Canada’s Trudeau cites ‘positive momentum’ on trade deal as U.S. official visits
Canadian Prime Minister Justin Trudeau on Wednesday cited “positive momentum” in the U.S. process to ratify a new North American trade deal, which has been in limbo for months amid concerns over labor standards.
Senate leader McConnell backs bill to protect coal miner pensions
Senate majority leader Mitch McConnell joined a bipartisan group of senators on Wednesday in introducing a bill to secure the pensions for nearly 90,000 retired coal miners as a recent wave of coal company bankruptcies threatens the solvency of the fed…
U.S. DoJ demands Ford Focus, Fiesta documents: Detroit Free Press
The U.S. Department of Justice has demanded documents related to the transmission used in about 2 million of Ford Motor Co’s Fiesta and Focus vehicles sold throughout this decade, the Detroit Free Press reported on Wednesday.
Judge shields OxyContin-maker Purdue from litigation until April
Purdue Pharma LP and the company’s Sackler family owners will be shielded until April 8, 2020, from sprawling opioid litigation to give the maker of OxyContin time to try to reach a legal settlement the company says is worth $10 billion.
Italian PM says ArcelorMittal wants mass layoffs; government rejects demand
Steel giant ArcelorMittal wants to cut 5,000 jobs in Italy because of low production levels at its Taranto plant, Italian Prime Minister Giuseppe Conte said on Wednesday, denouncing the plan as “unacceptable”.
Roku beats revenue and profit estimates
U.S. video streaming service Roku Inc beat expectations for third quarter revenue, earnings per share and adjusted EBITDA on Wednesday, benefiting from a widespread trend toward cord-cutting.
Qualcomm’s licensing forecast, helped by Apple deal, drives share gains
Qualcomm Inc on Wednesday forecast current-quarter profit above Wall Street expectations, as its all-important licensing segment benefits from a deal with Apple Inc and the annual holiday-quarter boost it brings.
Acting UAW head to examine ‘every inch’ of union in scandal’s wake
The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a spreading federal corruption probe that has damaged the union’s standing during contract talks with Detroit’s automak…
GoDaddy reports 12% rise in quarterly revenue, shares up 8%
GoDaddy Inc reported a 12% rise in third-quarter revenue as the web hosting company earned more from each user, sending its shares up 8% in extended trading.
