Spotify hits subscriber targets but revenues slow on EU data rules
Music streaming leader Spotify on Thursday reported results mostly in line with forecasts, as the number of paid subscribers rose 10 percent over the last three months, but revenue growth was slowed by new European data privacy rules.
Daimler to split business into cars, trucks, mobility units
Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.
Comcast profit tops estimates as internet customers grow
Comcast Corp on Thursday said it shed more cable TV subscribers than the previous year, but beat Wall Street estimates for quarterly profit as it gained more high-speed internet customers.
Missile maker Raytheon slashes 2018 cash flow forecast
Tomahawk missile maker Raytheon Co on Thursday lowered its forecast for annual cash flow due to a $1.25 billion pension contribution in the current quarter.
German Economy Minister optimistic on EU-U.S. trade talks prospects
German Economy Minister Peter Altmaier said on Thursday he was hopeful that trade talks between the United States and the European Union would yield a good outcome after the two sides agreed to move to ease the threat of a transatlantic trade war.
France says any U.S. trade deal should be reciprocal: Le Maire
France welcomes EU trade discussions with Washington but does not want to enter into a wide-ranging negotiation and feels any deal should be reciprocal, Finance Minister Bruno Le Maire said on Thursday.
Qualcomm ends $44 billion NXP bid after failing to win China approval
Qualcomm Inc walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high profile victim of a bitter Sino-U.S. trade spat.
Germany welcomes U.S.-EU trade reprieve as step in right direction
Germany welcomed an initiative agreed between U.S. President Donald Trump and the head of the European Commission to ease the threat of a trade war and shares rose on the news, but business groups urged the two sides to back up their words with deeds.
Britain welcomes U.S.-EU pledge to lower trade barriers
Britain welcomed an initiative agreed between U.S. President Donald Trump and European Commission President Jean-Claude Juncker to cut trade barriers, easing the threat of a transatlantic trade war.
NXP to repurchase $5 billion shares after Qualcomm deal falls through
NXP Semiconductors NV , whose buyout deal with U.S. chipmaker Qualcomm Inc fell through due to lack of approval from China, said on Thursday it would buy back $5 billion worth of shares.
