Microsoft beats Wall St targets on cloud services revenue
Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
Dollar pares back after Trump comments; world stocks dip
The U.S. dollar pulled back from year-high levels on Thursday after U.S. President Donald Trump expressed concern about a strong currency, while disappointing earnings reports and escalating trade tensions weighed on stocks.
BlackRock replaces Americas corporate governance leader
Top asset manager BlackRock Inc has hired Ray Cameron as head of the Americas within its investment stewardship arm, according to a memo seen by Reuters on Thursday, turning to an outsider to fill the role left vacant since last year.
Microsoft quarterly results beat as cloud revenue soars
Microsoft Corp on Thursday reported quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
Wall Street falls on sour earnings, trade fears
U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States.
Kimberly-Clark weighs sale of European tissues business: sources
Kimberly-Clark Corp is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable areas, according to people familiar with the matter.
Blackstone seeks to boost assets with new fundraising ‘super cycle’
Blackstone Group LP , the world’s largest manager of assets such as private equity and real estate, is kicking off a fundraising “super cycle” which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzma…
Wall Street dips on weak earnings, renewed trade jitters
U.S. stocks slipped on Thursday after earnings disappointed and trade jitters intensified on fears that the European Union could slap retaliatory tariffs on goods imported from the United States.
Sinclair ‘did not fully disclose facts’ on Tribune merger: FCC
Sinclair Broadcast Group Inc “did not fully disclose facts” about aspects of its $3.9 billion acquisition of Tribune Media , the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative …
Dollar pulls back after Trump comments, world stocks dip
The U.S. dollar pulled back from year-high levels on Thursday against a basket of major currencies, while U.S. Treasury yields briefly fell to session lows after U.S. President Donald Trump expressed concerns about interest rate hikes and the strong do…
