Futures hit as DOJ aims antitrust probe at tech
U.S. stock index futures dropped on Wednesday, pressured by a fall in big tech companies after the announcement of a broad antitrust investigation by the U.S. Justice Department into the sector.
AT&T wireless business grows but premium TV subscribers decline
AT&T Inc exceeded analyst expectations on Wednesday for net wireless subscribers who pay a monthly bill, as it eked out some growth in a saturated market and continued to bundle media content from Time Warner into new wireless plans.
UPS profit rises 13.5% powered by investments in its delivery system
United Parcel Service Inc reported a 13.5% rise in profit on Wednesday, benefiting from investments in its delivery system.
GSK forecasts smaller hit to FY profit after second quarter beat
GlaxoSmithKline Plc on Wednesday forecast a smaller-than estimated fall in full-year profit after the British drugmaker beat profit consensus for the second quarter due to demand for its fast-growing Shingles vaccine.
Nasdaq quarterly profit rises 7.4%
U.S. exchange operator Nasdaq Inc reported a 7.4% rise in second-quarter profit on Wednesday, boosted by growth in its non-trading businesses including information services.
Nissan warns of profit plunge, set to unveil 10,000 job cuts
Nissan Motor Co Ltd warned on Wednesday that first-quarter profit tumbled around 90% percent, a day before it is expected to announce more than 10,000 job cuts as the crisis deepens at Japan’s second-largest automaker.
Global oil market in glut, but not a big enough one for OPEC
OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions.
Oil edges up on U.S. stock decline, Mideast tensions
Oil prices edged higher on Wednesday, supported by a sharp fall in U.S. crude stocks and tensions over Iran.
Hilton quarterly profit beats on steady travel demand
U.S. hotel operator Hilton Worldwide Holdings Inc topped Wall Street estimates for quarterly profit on Wednesday, helped by a steady demand for its rooms in the United States.
Anthem Inc reports 8% rise in quarterly profit
Anthem Inc reported an 8% rise in second-quarter profit on Wednesday as the U.S. health insurer benefited from higher sales of its government-backed health plans.
