Microsoft beats profit estimates on gains from cloud services
(Reuters) – Microsoft Corp reported better-than-expected quarterly profit on Thursday as demand for its cloud computing services for companies rose and its personal computer software business stabilized.
CVS makes bid for Aetna: source
(Reuters) – U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, a person familiar with the matter said on Thursday.
AIG sues Disney to avoid paying ‘pink slime’ settlement costs
NEW YORK (Reuters) – American International Group Inc on Thursday sued Walt Disney Co to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer’s defamation lawsuit over a product that critics call “pink slime.”
Toymaker Mattel suspends quarterly dividend, shares tumble
(Reuters) – Toymaker Mattel Inc said it would suspend its quarterly dividend from the fourth quarter and use the money to beef up its faltering business after a hit from the bankruptcy of its largest retailer Toys’R’Us.
Amazon sales surge after Whole Foods acquisition, busy Prime Day
(Reuters) – Amazon.com Inc on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at “Prime Day” promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores.
Dow, S&P gain but Nasdaq dips as healthcare lags
NEW YORK (Reuters) – The Dow and S&P 500 advanced on Thursday after a round of positive corporate earnings announcements, but gains were curbed and the Nasdaq lost ground on a drop in the healthcare sector.
Amazon gains wholesale pharmacy licenses in many U.S. states: report
(Reuters) – Amazon.com Inc has gained approval from a number of state pharmaceutical boards to become a wholesale distributor, St. Louis Post-Dispatch reported on Thursday, citing public records.
CEOs suggest Trump tax cut may lift investors more than jobs
WASHINGTON (Reuters) – U.S. President Donald Trump is selling tax reform to Americans on the promise it will create extra income for companies to invest in their businesses and create jobs. Some of the biggest companies have very different plans.
Wall St. advances on earnings but healthcare lags
NEW YORK (Reuters) – U.S. stocks advanced on Thursday to recover some declines from the prior session, after a round of positive corporate earnings, although gains were curbed by a drop in the healthcare sector.
U.S. earnings calls zero in on automation, lose Trump focus
NEW YORK (Reuters) – Judging by conference calls from the latest earnings season, U.S. companies and analysts have dropped their preoccupation with Washington and shifted their focus to automation aimed at defending record profit margins.
