HP Enterprise misses revenue estimates, cuts FY profit forecast
(Reuters) – Hewlett Packard Enterprise Co, the corporate hardware and enterprise software business of Hewlett-Packard Co, reported lower-than-expected quarterly revenue and cut its full-year profit forecast.
Baidu’s quarterly revenue falls 2.6 percent
(Reuters) – Baidu Inc reported a second straight drop in quarterly revenue as regulatory scrutiny into healthcare and related advertisements continued to take a toll on the Chinese internet search giant.
Kohl’s, Macy’s turn landlords in bid to unlock real estate value
(Reuters) – Department store operators Kohl’s Corp and rival Macy’s Inc are betting on a potential money-spinner – carving out prime space within their sprawling stores and leasing them to other retailers.
Buffett expected to tout passive investing in Berkshire annual letter
NEW YORK (Reuters) – Warren Buffett, widely considered one of the world’s best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire Hathaway Inc shareholders.
S&P 500 inches up after Trump jobs pledge
(Reuters) – U.S. stocks edged higher on Thursday, buoyed by energy stocks and a renewed pledge by President Donald Trump to chief executives of major U.S. companies to bring back millions of jobs to the United States.
Trump again vows to bring back U.S. jobs, but offers few details
WASHINGTON (Reuters) – President Donald Trump told chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs….
Boeing ‘not competitive’, but tax reform would help: CFO
SEATTLE (Reuters) – Boeing Co’s commercial airplanes division is “not competitive” under current U.S. tax rules and the company is using its access to the Trump administration to press for changes, Chief Financial Officer Greg Smith said on Thursday.
Carrier expands recall of air conditioners, heat pumps
(Reuters) – United Technologies Corp’s Carrier unit expanded a recall of some air conditioners and heat pumps as their power cord plugs can overheat, posing a fire risk, the U.S. Consumer Product Safety Commission said on Thursday.
NYSE plans trial run for Snap IPO
(Reuters) – The New York Stock Exchange will conduct a trial run of Snap Inc’s initial public offering on Saturday, according to a notice given last week to stock traders, in anticipation of what is expected to be the biggest U.S. technology IPO in nea…
Time Warner to sell TV station as it seeks AT&T merger OK
WASHINGTON (Reuters) – Time Warner Inc said on Thursday it plans to sell a broadcast station in Atlanta to Meredith Corp for $70 million, which could help speed the company’s planned merger with AT&T Inc .
