August 1, 2018

Sprint profit falls 16 percent

U.S. wireless carrier Sprint Corp on Wednesday reported a 16 percent fall in first-quarter profit, as it ramped up spending to attract more subscribers. Powered by […]
August 1, 2018

Wells Fargo finds efficiency target elusive as revenue slips

With Wells Fargo & Co’s revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank’s […]
August 1, 2018

Ferrari confirms guidance as new CEO takes the wheel

Ferrari reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the […]
August 1, 2018

Global factory growth slowing; China-U.S. trade war biting

Factory growth stuttered across the world in July, heightening concerns about the global economic outlook as an intensifying trade conflict between the United States and China […]
August 1, 2018

Google plans censored version of search engine in China: The Intercept

Alphabet Inc’s Google is planning a censored version of its search engine for China that will block websites and certain search terms, The Intercept reported on […]
August 1, 2018

Iran’s parliament summons Rouhani as economy falters under U.S. pressures

Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media […]
August 1, 2018

Asian factories slow as China-U.S. trade conflict starts to bite

Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent […]
August 1, 2018

Huawei overtakes Apple as world No. 2 smartphone seller, gains ground in China

China’s Huawei Technologies overtook Apple Inc to become the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained […]
August 1, 2018

China Baidu’s second quarter exceeds expectations, powered by ad sales growth

Chinese internet search giant Baidu beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business, easing the […]
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