IBM first-quarter margins miss estimates, shares fall
(Reuters) – International Business Machines Corp posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time.
Asia shares edge up with Wall Street, wary on China
SYDNEY (Reuters) – Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.
China’s ZTE may lose Android license as U.S. market woes build
SAN FRANCISCO/WASHINGTON (Reuters) – Chinese smartphone maker ZTE Corp’s U.S. woes deepened on Tuesday, as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices, …
Trade spat to dull expected tax cut boost to U.S. economy: Reuters poll
BENGALURU (Reuters) – The ongoing trade spat between the world’s two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found…
Tesla aiming to build 6,000 Model 3 cars per week by end-June: report
SAN FRANCISCO (Reuters) – Tesla Inc is aiming to ramp up production to 6,000 Model 3 cars per week by the end of June to reach its weekly goal of 5,000 and allow for a margin of error, automotive news website Electrek reported on Tuesday, citing a let…
AT&T subsidiary DirecTV asks to be dropped from antitrust case
WASHINGTON (Reuters) – DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T, asked a federal court on Tuesday to drop it from the lawsuit that the government filed to stop AT&T from buying movie and TV production company Time Warner.
Ackman says he supports ADP but puts management on notice
NEW YORK (Reuters) – Billionaire investor William Ackman, who lost a proxy contest at Automatic Data Processing last year, said on Tuesday that he wants the human-resources technology company to succeed but said he might be back with a fight if ADP fa…
China’s ZTE may lose Android software license as U.S. market woes build
SAN FRANCISCO/WASHINGTON (Reuters) – ZTE Corp may not be able to use Google’s Android operating system in its mobile devices after the U.S. limited ZTE’s access to American suppliers this week, a source familiar with the matter said on Tuesday, potenti…
Tesla aims to make 6,000 Models 3 cars per week by end-June: report
(Reuters) – Tesla Inc is aiming to produce 6,000 Model 3 cars per week by the end of June to reach its weekly production target of 5,000 after accounting for a margin of error, automotive news website Electrek reported on Tuesday.
IBM full-year profit forecast misses estimates, shares fall
(Reuters) – International Business Machines Corp’s full-year profit forecast fell short of Wall Street targets on Tuesday, sending the technology company’s shares down as much as 6 percent.
