Nasdaq set to hit record high as Alphabet lifts techs
U.S. stock index futures rose on Tuesday and the Nasdaq looked poised to strike a fresh record high after Google’s parent Alphabet shattered profit expectations and powered a rally among high-growth technology companies.
Harley-Davidson’s profit beats estimates, shares rally
Harley-Davidson Inc’s shares rallied on Tuesday after the motorcycle maker forecast a lower-than-expected hit to profit margins from U.S. President Donald Trump’s trade tariffs and its quarterly earnings topped Wall Street estimates.
Facebook quietly sets up subsidiary in China despite hardening censorship
Facebook has set up a subsidiary in China with registered capital of $30 million, according to an official business registration, hinting that the U.S. firm may be ramping up its presence in the restrictive market where its social media sites remain bl…
Philips, Asus, Pioneer and D&M hit with e-commerce fines
Dutch group Philips and three other consumer electronics companies were fined a total 111.2 million euros ($130 million) by EU antitrust regulators on Tuesday for imposing fixed or minimum online prices for their products.
Bitcoin breaks above $8,300 to two-month peak
Bitcoin rose above $8,300 on Tuesday to its highest level in two months, prompted by recent reports about impending approval in the United States for a cryptocurrency exchange-traded fund, which have helped bolster demand in recent sessions.
Verizon beats quarterly estimates as subscriptions jump; shares up
Verizon Communications Inc reported better-than-expected quarterly profit and revenue on Tuesday as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans, sending shares higher in premarket trading.
Eli Lilly to spin off animal health unit, quarterly profit beats estimates
Eli Lilly and Co announced on Tuesday it would spin off its Elanco animal health business and posted better-than-expected quarterly profit, helped by demand for its diabetes drugs Trulicity and Humalog.
London taxi drivers mull class action suit against Uber
London cab drivers are examining the possibility of bringing a class action suit against Uber, their association said on Tuesday, after the mobile app was granted a temporary licence renewal to operate in the British capital.
London taxi drivers say they are considering class action against Uber
London taxi drivers are exploring whether they could bring a class action lawsuit against Uber, their trade body confirmed on Tuesday, after the mobile app was granted a temporary licence renewal to operate in Britain’s capital.
Facebook sets up subsidiary in China: filing
Facebook has set up a subsidiary in China with registered capital of $30 million, a filing on China’s National Enterprise Credit Information Publicity System showed.
