AT&T misses Wall Street profit estimate, shares fall
AT&T Inc posted a surprise gain in U.S. wireless subscribers on Wednesday but quarterly profit rose less than expected, held back by its declining satellite TV business, sending its shares down more than 3 percent before the bell.
Boeing’s profit beat eclipses 737 snarl, charges; shares jump
Boeing topped analysts’ forecasts for quarterly profit on Wednesday despite a series of charges on U.S. military programs and raised its forecasts for annual profit as it continued to benefit from a boom in global air travel and airplanes.
Daimler and Geely in ride-hailing tie-up in China
Germany’s Daimler is setting up a ride-hailing joint venture in China with Geely Group [GEELY.UL], in a sign the Chinese firm is making progress in its drive for closer relations with the maker of Mercedes-Benz cars.
Fears for growth, company profits keep stocks under pressure after five days in red
World stocks flatlined on Wednesday, after five straight days of losses, oil prices traded near two-month lows and Wall Street was tipped for a lower open after fresh signs that global economic growth and company profits may be losing steam.
Factbox: Foreign investment in Saudi Arabia
Scandal surrounding the killing of Saudi journalist Jamal Khashoggi has shrunk the attendance of senior executives from multinational companies at this week’s Future Investment Initiative conference in Riyadh.
Stuttgart court orders Porsche SE to pay damages for disclosure violations
A Stuttgart court ordered Porsche Automobil Holding SE to pay damages to shareholders and charged the company with violating disclosure rules tied to a 2015 diesel emissions scandal, two lawfirms said on Wednesday.
AT&T posts a surprise gain in U.S. phone subscribers
AT&T Inc on Wednesday reported a surprise gain in U.S. net wireless subscribers who pay a monthly bill, as it began to bundle media content from Time Warner into new wireless plans.
Tesla may post profit with Model 3 surge, but is it repeatable?
When Tesla Inc posts third-quarter results on Wednesday, Chief Executive Elon Musk may show off a long-promised quarterly profit, as production of his Model 3 electric sedan takes off. But the real question is whether any such gains will be sustainable…
Apple boss takes aim at ‘weaponization’ of customer data
Apple Chief Executive Tim Cook on Wednesday said customer data was being “weaponized with military efficiency” by companies to increase profit and called for a federal privacy law in the United States.
Stocks eye sixth day of losses on fears for economic growth, company profits
World stocks marked a sixth straight day of losses on Wednesday, oil prices slumped to two-month lows and Wall Street was tipped for a lower open after fresh signs that global economic growth and company profits may be losing steam.
