Qualcomm profit tops estimates on higher modem chip sales
(Reuters) – U.S. chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers in recen…
Trump, top aides talk trade with Apple CEO Cook at White House
WASHINGTON (Reuters) – President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker.
Steel, sunset clause cloud NAFTA talks, as ministers press for deal
WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada’s opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounted to seal a quick deal on updating NAFTA.
Wall Street ekes out small gain as earnings offset cost worries
NEW YORK (Reuters) – Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs.
Proxy adviser ISS backs call for gun safety report at Sturm Ruger
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder resolution calling on Sturm Ruger & Co to report on gun safety.
Facebook’s rise in profits, users shows resilience after scandals
(Reuters) – Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.
Ford targets higher margins faster, to drop unpopular cars
DETROIT (Reuters) – Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular …
Qualcomm’s quarterly profit falls 51.5 percent
(Reuters) – Qualcomm Inc’s quarterly profit fell 51.5 percent due to higher costs.
Ford targets higher margins faster, will drop unpopular sedans
DETROIT (Reuters) – Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping increasingly unpopular sedan models in North America.
Facebook quarterly profit, revenue beat estimates
(Reuters) – Facebook Inc’s quarterly profit and revenue beat analysts’ estimates on Wednesday, as the social media company’s mobile ad business grew on a major push to add more video content.
