Apple’s services, wearables shore up results as iPhone drops below half of sales
Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street ta…
Oreo maker Mondelez raises sales forecast as emerging markets fuel growth
Mondelez International Inc raised its 2019 sales forecast on Tuesday, benefiting from several years of tailoring its chocolates and cookies to cater to consumer tastes in emerging markets such as China and India.
Amgen results beat estimates, lung cancer trial planned
Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts.
Apple wants to make high-end computers in U.S., needs tariff relief – Cook
Apple Inc Chief Executive Tim Cook on Tuesday said that the desire to keep Mac Pro computer production in United States was behind the company’s recent request for tariff exclusions.
Trump warns China against delaying trade deal as talks resume
U.S. President Donald Trump on Tuesday warned China against waiting out his first term to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome will be worse for China.
Apple forecasts strong revenue even as iPhones drop to under half of sales
Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street ta…
Amgen results beat estimates, cancer drug shows wider activity
Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts.
Capital One customer data breach rattles investors
Capital One Financial Corp’s assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank’s shares closing down 5.9%.
U.S. Congress seeks to jump start stalled self-driving car bill
Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars.
J.C. Penney hires former Shopko executive to aid turnaround
J.C. Penney Co Inc has hired a former Shopko Stores senior executive, the retailer said on Tuesday, as it hopes to resurrect itself despite stiff competition from online and discount retailers.
