Broadcom sees fourth-quarter boost from data center demand, iPhone launch
Broadcom Inc on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple Inc’s new iPhones is expected to bolster its wireless business.
U.S. probing Wells Fargo’s wholesale banking unit: WSJ
The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co’s wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Apple to provide online tool for police to request data: letter
Apple Inc plans to create an online tool for police to formally request data about its users and to assemble a team to train police about what data can and cannot be obtained from the iPhone maker, according to a company letter seen by Reuters.
CBS negotiating Moonves’ exit and Viacom merger standstill: sources
Media company CBS Corp’s board is in talks with Chief Executive Officer Les Moonves to negotiate his exit, a source familiar with the matter said on Thursday.
Trade jitters and tech woes weigh on S&P, Nasdaq
The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed, while tech stocks stumbled, led by chipmakers and concerns about increased regulation of social media companies.
Fed likely to need to hike rates ‘a bit beyond neutral’: Evans
The Federal Reserve will likely have to raise interest rates past the neutral rate to keep the economy on a sustainable growth path and inflation around target, according to Chicago Federal Reserve Bank President Charles Evans.
Broadcom quarterly profit beats on data center demand
Broadcom Inc reported third-quarter profit above analysts’ estimates and the chipmaker forecast current-quarter revenue largely above expectations, driven by strong performance of its enterprise storage business.
Trade war uncertainty drags on global stock markets
Stock markets around the world declined on Thursday and emerging market stocks fell for the sixth day as investors shied away from risk and braced for an escalation in a trade conflict between the United States and China.
British Airways website suffers data breach; 380,000 payments affected
Financial and personal data has been stolen from potentially hundreds of thousands of British Airways customers who booked online in recent weeks, extending a run of embarrassing technological mishaps suffered by the UK flag carrier.
Tesla, Musk sought to ‘burn’ Citron, other short-sellers: lawsuit
The prominent short-seller Andrew Left has sued Tesla Inc and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to “burn” investors hoping the electric car company’s stock price would fal…
