Comcast second-quarter profit beats Wall St., misses on revenue
Comcast Corp's second-quarter profit on Thursday beat Wall Street estimates as it added more high-speed internet customers, but it lost more video and phone customers than expected.
Comcast Corp's second-quarter profit on Thursday beat Wall Street estimates as it added more high-speed internet customers, but it lost more video and phone customers than expected.
Kenya will take at least 21 months to take back full control of its national carrier Kenya Airways , buying out minority shareholders and converting shares held by banks into Treasury bonds, a lawmaker briefed on the transaction said.
Chocolate maker Hershey Co said on Thursday its new price hikes would not add to its profit and sales in the remaining two quarters and gave a dull full-year forecast, sending its shares down as much as 5%.
Italian caterer Autogrill said on Thursday it had signed an exclusive multi-year agreement with bakery chain Panera Bread to develop outlets in U.S. airports and motorways.
Bristol-Myers Squibb , which is set to buy biotechnology company Celgene Corp soon for $74 billion, posted better-than-expected second-quarter earnings on Thursday on strong sales from its blood thinner Eliquis and rheumatoid arthritis treatment Orencia.
The U.S. economy grew at a 1.3% annualized rate in the second quarter based on June data on domestic durable goods orders and advance goods trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured memoranda of understanding (MOU) for about $108 billion from companies including Microsoft Corp .
Asian share prices dropped on Friday following mixed U.S. earnings reports and after the European Central Bank unexpectedly held interest rates steady, while the euro held above two-year lows struck overnight.
SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured memoranda of understanding (MOU) for about $108 billion from companies including Apple Inc and Microsoft Corp .
Australia said it would establish the world's first dedicated office within an antitrust regulator to police Facebook Inc and Google , setting a precedent for global lawmakers grappling with the U.S. technology giants' dominance.
Australia's antitrust watchdog will be strengthened with a special branch to oversee the market power of U.S. technology giants Facebook and Google under sweeping regulatory reforms proposed by the government on Friday.
Alphabet Inc shares rose about 8% after the company reported quarterly results that eased investors' concerns about growth challenges facing its Google advertising business.
Oil prices fell on Friday after a Reuters poll showed global economic growth is likely to slow further amid the U.S.-China trade war, although losses were limited by tensions in the Middle East.
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer Roundup for their cancer to $86.7 million.
Chinese authorities suspect U.S. package delivery company FedEx Corp violated the law by not making shipments of goods from the tech company Huawei to their recipients, the Xinhua state news agency reported on Friday.