Lockheed Martin wins $560 million U.S. defense contract: Pentagon
Lockheed Martin Corp has been awarded a $560 million U.S. defense contract for Trident II missile production and system support, the Pentagon said on Wednesday.
Visa profit beats estimates on higher transaction volume
Visa Inc beat Wall Street estimates for quarterly profit on Wednesday, as the payments network processed more transactions on the back of higher consumer spending during the holiday season.
Facebook profit beats Wall Street, shares jump after hours
Facebook Inc on Wednesday easily beat Wall Street’s profit estimates, soothing investor concerns that increased spending on the privacy of its users would blunt growth.
In a shift, Fed will be ‘patient’ on future U.S. rate hikes
The U.S. Federal Reserve on Wednesday held interest rates steady and, in a formal policy shift, vowed to be patient in further lifting borrowing costs, the clearest signal yet the tightening cycle it began in 2015 may have ended.
Microsoft’s Azure revenue growth slows in December quarter, shares fall
Microsoft Corp on Thursday reported results largely in line with Wall Street’s targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier.
Tesla posts smaller fourth-quarter profit than previous quarter
Tesla Inc on Wednesday reported a smaller fourth-quarter profit compared with the previous three months and said Model 3 production volume in California should reach 7,000 units per week by the end of the year.
Visa Inc quarterly profit rise 18 percent
Visa Inc on Wednesday reported an 18 percent rise in quarterly profit, as the payments network processed more transactions on the back of higher consumer spending and a strong U.S. economy.
Facebook quarterly profit, revenue beat estimates
Facebook Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, helped by growth in Instagram business and a steady rise in advertising spending by companies.
NY AG, Governor Cuomo launch probe into Apple’s FaceTime bug
New York’s new Attorney General Letitia James and Governor Andrew Cuomo on Wednesday announced an investigation into Apple Inc’s failure to warn consumers about a FaceTime bug that lets iPhones users listen to conversations of others who have not yet …
Wisconsin governor’s office says evaluating shift in Foxconn LCD display project
The Office of the Governor of Wisconsin said Wednesday it is evaluating changes in Foxconn Technology Group’s project in the state after Reuters exclusively reported the Taiwanese company is reconsidering building a liquid crystal display panel factory…
