Qualcomm beats estimates on China strength, shares rise
By Stephen Nellis and Chavi Mehta (Reuters) – Chip designer Qualcomm forecast first-quarter sales and profits above Wall Street targets…
Category: General
Roku forecasts strong revenue on subscriber, ad strength; shares gain
(Reuters) -Roku forecast fourth-quarter revenue above Wall Street estimates after posting better-than-expected revenue growth in the previous three months on…
Disney’s ESPN could be valued at $24 billion, likely buyers include Apple, Verizon – BofA
(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from…
Netflix’s ad tier reaches 15 million users a year after launch
(Reuters) – Netflix said on Wednesday its ad-supported tier had reached 15 million active users per month, a year after…
Tesla wins first US Autopilot trial involving fatal crash
By Dan Levine and Hyunjoo Jin (Reuters) -Tesla on Tuesday won the first U.S. trial over allegations that its Autopilot…
US Supreme Court weighs if public officials can block critics on social media
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday grappled with a pair of cases…
After 100 years of innovating entertainment, Disney is at a crossroads
By Ally Levine, Anurag Rao, Adolfo Arranz and Dea Bankova (Reuters) – As Walt Disney turns 100, investors worry it’s…
Automakers oppose Cleveland-Cliffs push to buy U.S. Steel
By David Shepardson WASHINGTON (Reuters) -A group representing major automakers on Tuesday said the industry opposes steelmaker Cleveland-Cliffs’ proposed acquisition…
US seeks to block JetBlue’s Spirit Airlines deal at trial
By Nate Raymond BOSTON (Reuters) -The U.S. argued on Tuesday that JetBlue Airways’ planned $3.8 billion acquisition of ultra-low-cost carrier…
BP shares slump as Q3 profit misses forecast on weak gas
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts’…