Caterpillar slips as disappointing construction sales point to China weakness
Caterpillar Inc spooked investors for a second straight quarter on Wednesday with a 4 percent drop in Asia-Pacific construction equipment sales that pointed to more weakness in China, its key growth market.
Wall Street opens flat after mixed earnings from industrials
U.S. stocks opened little changed on Wednesday after a record-setting rally in the previous session, weighed down by mixed results from industrial bellwethers Boeing and Caterpillar.
Big brands dive into esports to court youth market: Nielsen
From snack companies to carmakers, a wide range of brands is trying to reach one of the hottest demographic groups around: esports fans.
AT&T misses revenue estimates as it bleeds pay-TV subscribers
AT&T Inc’s quarterly revenue fell short of Wall Street estimates on Wednesday after it lost more than half a million pay-TV subscribers and its main wireless business reported lower-than-expected sales.
Domino’s franchisees help serve profit beat, shares rise
Domino’s Pizza Inc’s first-quarter profit beat Wall Street estimates on Wednesday, as it booked more revenue and royalties from franchisees across the globe.
Explainer: Securing the 5G future – what’s the issue?
Britain’s plan to allow Chinese telecom giant Huawei Technologies a restricted role in its next generation mobile networks is part of a heated international debate over the security risks so-called 5G technology presents.
Boeing abandons 2019 outlook after 737 MAX groundings
Boeing Co on Wednesday abandoned its 2019 financial outlook, said it halted share buybacks in mid-March, and announced $1 billion in increased costs due to the grounding of its 737 MAX jets.
Occidental offers $57 billion for Anadarko, topping Chevron
Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp’s $50 billion offer and sparking the first takeover battle for a major oil company in years.
Tesla rival Rivian says Ford Motor invests $500 million in firm
U.S. electric pickup truck startup Rivian Automotive LLC said on Wednesday that Ford Motor Co invested $500 million in the company, which is seen as one of the major rivals to Tesla Inc.
Caterpillar beats profit estimates, raises forecast
Caterpillar Inc beat analysts’ estimates for first-quarter profit on higher sales of its construction and mining equipment in its biggest market North America.
