‘Star Trek’ licensing helps boost CBS earnings
(Reuters) – CBS Corp , owner of the most-watched U.S. television network, on Thursday posted a 27.4 percent rise in quarterly profit that beat expectations as licensing revenue from its new “Star Trek” series offset slower advertising sales.
Alphabet posts strong revenue on video market, stock surges
(Reuters) – Alphabet Inc, Google’s parent, on Thursday revealed that efforts to push its vast advertising business toward mobile is paying off as second quarter earnings handily beat Wall Street’s expectations.
Amazon tops Wall Street targets, lifted by cloud revenue
(Reuters) – Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world’s largest online merchant forecast revenue would outpace expectati…
Ford calls an end to U.S. auto boom, rivals bet other way
DETROIT (Reuters) – Ford Motor Co on Thursday declared the U.S. auto industry’s long recovery is at an end, sending its stock and those of rival auto companies tumbling.
Microsoft to cut 2,850 more jobs
(Reuters) – Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.
JetBlue to become first airline to operate U.S.-Cuba flights
HAVANA (Reuters) – U.S. budget airline JetBlue Airways Corp said on Thursday it would launch scheduled commercial flights from the United States to Cuba on Aug. 31, ahead of competitors that have also announced departure dates.
Bill Gross’ co-manager to move to new Janus bond ETF
NEW YORK (Reuters) – Janus Capital Group Inc on Thursday said it plans to launch its first bond exchange-traded fund this year, shifting legendary bond investor Bill Gross’ co-manager into a new role.
Wall St. edges up; Alphabet and Amazon rise after the bell
(Reuters) – Wall Street edged higher on Thursday as investors looked beyond disappointing earnings from Ford and bought shares in Apple, while Alphabet surged after the bell following its quarterly report.
Facebook shares hit record high as it beats estimates again
(Reuters) – Facebook Inc is growing so fast that analysts can’t keep up.
Vivendi considers suing Mediaset for defamation: spokeswoman
PARIS (Reuters) – French media giant Vivendi is considering suing Mediaset for defamation after the Italian broadcaster denounced what it sees as an unacceptable u-turn on a deal regarding its pay-TV arm Premium.
