IBM revenue falls as weak legacy businesses offset cloud growth
International Business Machines Corp posted a 4.2% fall in quarterly revenue, in line with analysts’ estimates, as weakness in its legacy businesses of selling hardware and software offset growth in its high-margin cloud computing unit.
Wall Street falls on fears of trade war earnings impact
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.
Netflix adds fewer-than-expected subscribers in second quarter; shares tumble
Netflix Inc added fewer paid subscribers than expected in the second quarter as the video streaming pioneer raised prices in some of its major markets, including the United States, sending its shares down nearly 10% in extended trading.
Boeing to make $50 million in payments to 737 MAX crash victims’ families
Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest…
Trade, earnings worry drag on stocks; U.S. Treasury yields fall
A gauge of global equities retreated for a second straight session and U.S. Treasury yields fell as simmering trade concerns gained steam and the pace of the U.S. corporate earnings season picked up.
U.S. solar sector launches lobbying push to preserve key subsidy
The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set to begin phasing out next year.
California settles decades-long lawsuit over lead paint, but outcome is bittersweet
When Californian counties and cities first sued paint makers in 2000, they wanted the companies to pay billions to remove dangerous old lead paint from hundreds of thousands of homes.
Qualcomm set to face second EU antitrust fine shortly: sources
Qualcomm, the world’s no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said.
Global stocks fall on trade, earnings worry; U.S. Treasury yields fall
A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell as trade concerns began to percolate and the pace of the U.S. corporate earnings season picked up.
Oil prices fall more than 1% after U.S. fuel inventories build
Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles.
