Crude futures fall after strong build in U.S. oil products stocks
Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season.
Australian property firm LendLease lands $15 billion deal with Google
Australian construction firm LendLease Group on Thursday said it has secured a contract from Alphabet Inc’s Google to jointly undertake development of properties worth $15 billion in the U.S. state of California.
Netflix to roll out cheaper mobile-only plan in India
Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging.
Japanese official says negotiators working hard on U.S.-Japan trade deal
U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to news on the deal in the near future.
Netflix shares plunge as global growth falls short, U.S. customers shrink
Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
Cloud growth fuels IBM profit beat
International Business Machines Corp beat analysts’ estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud business.
Wall St. falls as CSX results signal damage from trade tensions
U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings.
EBay beats estimates as more shoppers flock to site, shares rise
EBay Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as efforts to make its platforms easier to navigate attracted more customers, coupled with growth in its advertising and payments businesses.
Cloud growth fuels IBM profit beat, shares rise
International Business Machines Corp beat analysts’ estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading.
Netflix shares tumble as it misses global subscriber forecasts
Netflix Inc added fewer quarterly subscribers than Wall Street expected and its U.S. customer base shrank as its programming failed to draw new viewers, jarring investors ahead of looming competition.
