GE posts $10 billion loss, sales drop as power weakens
(Reuters) – General Electric Co forecast further weakening of its troubled power business on Wednesday as it reported a $10 billion loss and a 5-percent fall in revenue in the fourth quarter, driven by previously-announced charges for insurance losses…
U.S. defends America First agenda ahead of Trump visit to Davos
DAVOS, Switzerland (Reuters) – Senior U.S. officials hit back on Wednesday against suggestions that Donald Trump’s “America First” agenda was hurting globalization and trade, setting an aggressive tone ahead of the U.S. president’s visit to the World E…
EU fines chipmaker Qualcomm $1.2 billion over exclusivity deal with Apple
BRUSSELS (Reuters) – U.S. chipmaker Qualcomm was hit with a 997 million euro ($1.23 billion) fine by EU antitrust regulators on Wednesday for paying Apple to only use its chips, blocking out rivals such as Intel.
Abbott results beat on strong medical device business
(Reuters) – Abbott Laboratories’ fourth-quarter results topped analysts’ estimates on Wednesday, boosted by strong sales in its medical devices and generics businesses.
Comcast beats profit estimates even as it loses video subscribers
NEW YORK (Reuters) – Top U.S. cable provider Comcast Corp’s adjusted quarterly profit exceeded analyst estimates on Wednesday, helped by more high-speed internet customers and greater theme-park revenue.
United Tech’s forecast lifted by buoyant commercial jet market
(Reuters) – U.S. manufacturer United Technologies Corp reported better-than-expected quarterly revenue and forecast higher profit for the full year on Wednesday, benefiting from a record year for the commercial jet market.
Futures rise as earnings from industrial giants roll in
(Reuters) – U.S. stock futures pointed to a positive open for Wall Street on Wednesday as a string of earnings from industrial giants buoyed market sentiment.
GE quarterly revenue drops 5 percent
(Reuters) – U.S. industrial conglomerate General Electric Co reported a 5 percent fall in revenue and a $10 billion loss for the fourth quarter on Wednesday, driven by an already revealed $11 billion charge for insurance losses and taxation.
United Tech beats revenue estimates, forecasts higher 2018 profit
(Reuters) – U.S. manufacturer United Technologies Corp reported better-than-expected fourth-quarter revenue on Wednesday and forecast higher profit for the full year, benefiting from higher sales of parts and maintenance for commercial jets.
EU fines Qualcomm $1.2 billion over Apple mobile chip deals
BRUSSELS (Reuters) – EU antitrust regulators hit U.S. chipmaker Qualcomm with a 997 million euro ($1.23 billion) fine on Wednesday for paying Apple to only use Qualcomm chips, rather than those made by rivals such as Intel .
