Microsoft quarterly revenue beats estimates on cloud growth
Microsoft Corp beat Wall Street estimates for quarterly revenue on Wednesday, fueled by its Azure cloud computing unit and the continued shift to the subscription version of its Office software.
S&P falls as investors await earnings, Nasdaq slips from record high
The S&P 500 slipped on Wednesday, after ending the previous session with a record and the Nasdaq edged lower after reaching an all-time high earlier in the day while investors waited for more earnings reports.
Walmart creates Angus beef supply chain, cutting out meat processors
Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry.
U.S. judge suspends Blackstone lawsuit against Italy’s RCS over Milan HQ
A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy.
U.S. judge suspends Blackstone’s lawsuit against Italian media group: sources
A New York judge has suspended a lawsuit brought by U.S. private equity fund Blackstone against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, two sources close to the matter said on Wednesday.
Tesla’s Musk says considering building factory in Germany
Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user’s suggestion on Twitter.
Interserve finance chief resigns weeks after rescue deal
Britain’s troubled outsourcer Interserve Group Ltd said on Wednesday its finance chief Mark Whiteling had resigned after being in the post since Oct. 2017.
Anadarko confirms Occidental’s $57 billion bid
Oil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental Petroleum Corp’s $57 billion offer for the company that topped Chevron Corp’s $50 billion bid and said it would carefully review the offer.
Bayer asks California appeals court to throw out $78 million Roundup verdict
Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer.
U.S. Justice Dept. staff seek Goldman guilty plea in 1MDB settlement: FT
A settlement with Goldman Sachs Group Inc over its role in the 1MDB corruption scandal should include a guilty plea at the parent company level, staff at the U.S. Department of Justice have recommended, according to a Financial Times report on Wednesda…
