Salesforce sees higher quarterly, FY revenue; shares rise 7%
Salesforce.com Inc forecast third-quarter and full-year revenue above Wall Street estimates on Thursday, as it benefits from acquisitions and more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
White House mulling tax cuts but not to counter short-term weakness: adviser
The Trump administration is studying tax cuts to buttress long-term U.S. economic growth that could be rolled out during the 2020 election campaign but is not looking at action to counter any perceived economic weakness now, the White House economic ad…
SEC fines Deutsche Bank $16 million to settle foreign corruption charges
Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S. markets regulator said on Thursday.
Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources
U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the…
HP CEO steps down, taps veteran insider; flags quarterly profit below Street view
HP Inc said on Thursday Chief Executive Officer Dion Weisler is stepping down after nearly four years in the role, and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade.
U.S., Chinese officials held productive trade call: White House adviser
U.S. and Chinese deputy-level negotiators held a “very constructive” teleconference on Wednesday and the Trump administration is still planning for a round of in-person talks in September, White House economic adviser Larry Kudlow said.
U.S. factories show signs of trouble; labor market still firm
Activity is contracting in the U.S. manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labor market remains health…
White House mulling tax cuts but not to counter weakness: adviser
The Trump administration is considering a package of tax cuts designed to buttress the economy’s long-term growth that could be rolled out during the 2020 election campaign, but it is not considering reductions now to counter economic weakness, White H…
S&P 500 stalls in economic data offset, ahead of Fed chair’s speech
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell’s speech on Friday for clues on the central bank’s monetary policy.
Hasbro to buy studio Entertainment One, home of Peppa Pig, for $4 billion
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.
