Facebook shares rebound after optimism about ad revenue
(Reuters) – Facebook Inc shares rose after hours on Wednesday after the social media network said that fewer hours spent on its flagship News Feed would not necessarily hurt its highly profitable digital advertising business.
Sears lays off 220 employees
(Reuters) – Struggling retailer Sears Holding Corp said it laid off about 220 employees primarily at its corporate headquarters in Hoffman Estates, Illinois, effective immediately.
Microsoft’s cloud computing business grows, stock edges up
(Reuters) – Microsoft Corp beat Wall Street’s profit forecast on Wednesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law.
AT&T profit beats, CEO upbeat on Time Warner deal
NEW YORK (Reuters) – AT&T Inc reported quarterly profit that beat analysts’ estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc .
Oreo maker Mondelez’s profit beats on higher demand for key brands
(Reuters) – Mondelez International Inc , the world’s No. 2 confectionary company, posted a quarterly profit that beat estimates on Wednesday, benefiting from strong demand for Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets…
Qualcomm earnings top estimates on surge in modem chip sales
(Reuters) – Chipmaker Qualcomm Inc’s earnings and revenue exceeded Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue.
Facebook stock falls 4 percent as user time dips, revenue growth slows
(Reuters) – Facebook Inc said on Wednesday that time spent on the social network fell at the end of last year by about 50 million hours a day, even before the company made changes to its flagship News Feed that may further reduce user engagement.
U.S. ruling boosts airline confidence in Bombardier’s CSeries: Air Lease CEO
MONTREAL (Reuters) – A recent trade decision allowing Bombardier to sell its newest jets in the United States without hefty duties will boost airline confidence in the program, but the Canadian planemaker still faces challenges to win over lessors, Ai…
Microsoft takes big tax charge, stock falls
(Reuters) – Microsoft Corp beat Wall Street’s profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law.
Mondelez’s profit beats on higher demand for key brands
(Reuters) – Mondelez International Inc’s quarterly profit beat analysts’ estimates, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets.
