Fortune Qualcomm Shows China Progress While Intel Stokes Server FearsBloombergQualcomm Inc.'s second-quarter results show the chipmaker is overcoming hurdles in China, while rival Intel Corp. faces fresh headwinds in servers — the key to its profit. San Diego-based Qualcomm, the biggest maker of semiconductors that run …Apple supplier Qualcomm reports 18.6% earnings growth, jump in higher-end […]
Wall Street Journal Justice Department Clears AB InBev's Takeover of SABMillerWall Street JournalThe U.S. Justice Department on Wednesday signed off on Anheuser-Busch InBev BUD 1.31 % NV's acquisition of rival SABMiller SBMRY 0.44 % PLC, removing one of the last major hurdles standing in the way of a roughly $108 billion deal to create a […]
Bloomberg HSBC's Johnson Out on Bond After Airport Arrest in Currency CaseBloombergFederal agents surprised an HSBC Holdings Plc executive as he prepared to fly out of New York's Kennedy airport, arresting him for an alleged front-running scheme involving a $3.5 billion currency transaction in 2011. Mark Johnson, HSBC's global head …US charges two HSBC executives […]
24/7 Wall St. Investors Not Satisfied Despite Decent Earnings From Intel24/7 Wall St.Intel Corp. (NASDAQ: INTC) reported second-quarter financial results after the markets closed on Wednesday. This company is far and away a leader in the tech sector. Investors did not initially have a favorable reaction to these earnings despite being … and more » Subscribe […]
Wall Street Journal Unilever Buys Dollar Shave ClubWall Street JournalFour years ago, Michael Dubin launched his company with a hilarious YouTube video poking fun at the pain and expense of shaving. The video went viral and created the Dollar Shave Club. Now Mr. Dubin is selling his startup for a cool $1 billion …Unilever Takes […]
Wall Street Journal Novartis Warns on Profit as Heavy Investment in Entresto WeighsWall Street JournalSwiss pharmaceutical giant Novartis AG NVS 0.53 % cautioned that its profit could fall this year due to heavy investment in its new heart-failure drug Entresto, after reporting a drop in net profit for the second quarter amid currency headwinds. The […]
Reuters Oil prices fall on oversupply concerns despite output cutsReutersSINGAPORE Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale production and a probable further draw in U.S. crude inventories. Crude prices fell more than 1 percent in the previous …Fear of a glut […]
Reuters Asian shares dip, crude oil extends lossesReutersTOKYO Asian shares slipped on Tuesday as a downturn in crude oil curbed enthusiasm from fresh record highs on Wall Street, prompting investors to take profits on recent market gains. The subdued mood was expected to extend into European trading, with …Asian Currencies Slip for Second Day in a […]
Seeking Alpha Herbalife: Don't Fight The TapeSeeking AlphaAlthough the market reacted positively to news of Herbalife's FTC settlement, several Seeking Alpha analysts argued the market got it wrong. We note that our website, which draws on the wisdom of crowds, was bullish on Herbalife. We also discuss why …Herbalife charged with deceptive practices, agrees to $200 […]
New York Times Netflix Disappoints Wall Street as Subscriber Growth SlowsNew York TimesReed Hastings, chief of Netflix, in January. On Monday, he apologized for volatility in the company's stock. “I know it's not easy on everyone,” he said. “The big picture is very much intact, and we're very excited about it.” Credit Robyn Beck/Agence …Netflix: Buy […]