Microsoft profit beats expectations on strong cloud demand
SAN FRANCISCO (Reuters) – Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove.
Visa beats profit estimates, lifts earnings forecast
(Reuters) – Visa Inc , the world’s largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its annual earnings forecast, as more people across the United States and Europe used its payments network.
FTC probing allegations of Amazon’s deceptive discounting
WASHINGTON (Reuters) – As part of its review of Amazon’s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.
UAW talking to GM about impact of car sales slump on U.S. jobs
(Reuters) – The president of the United Auto Workers union said on Thursday the union is talking with General Motors Co about the potential threat to plants and jobs from slumping U.S. car sales.
Trump unveils companies’ $500 million U.S. drug packaging project
WASHINGTON (Reuters) – President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.
Snap under pressure as Wall Street eyes share lock-up expirations
SAN FRANCISCO (Reuters) – A potential flood of newly available Snap shares is weighing on Wall Street’s already shaky support for the owner of the Snapchat social media app.
Trump administration’s NAFTA demands make sense: Union Pacific CEO
DETROIT (Reuters) – The list of priorities U.S. Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the h…
EU examines emissions collusion by German car makers: Handelsblatt
BERLIN (Reuters) – The European Commission is examining whether German automakers colluded in systems they used to clean exhaust emissions as part of investigations triggered by the Volkswagen scandal, the Handelsblatt daily reported on Thursday.
Benetton family seeks to make Ducati motorbikes Italian: sources
LONDON/FRANKFURT/MILAN (Reuters) – Italy’s Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany’s Volkswagen , sources involved in the process told Reuters.
Bombardier wins dismissal of Comerica aircraft payments lawsuit
NEW YORK (Reuters) – Bombardier Inc has won the dismissal of a U.S. lawsuit in which Comerica Inc sought millions of dollars after the Canadian aircraft maker was unable to find buyers for four planes whose leases had expired.
