July 18, 2018

IBM quarterly results top estimates

International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and […]
July 18, 2018

Alcoa cuts adjusted EBITDA forecast citing tariffs

Aluminum producer Alcoa Corp said on Wednesday it cut its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018, citing U.S tariffs on imported […]
July 18, 2018

EBay second-quarter profit rises 7.7 percent

EBay Inc reported a 7.7 percent rise in quarterly profit on Wednesday, as tweaks to its websites and a focus on marketing drew more shoppers at […]
July 18, 2018

Fed walks careful line on trade, but downside risks emerging

Federal Reserve Chairman Jerome Powell’s official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed’s […]
July 18, 2018

American Express quarterly profit rises 21 percent

American Express Co reported a 21 percent rise in quarterly profit on Wednesday as a strengthening U.S. economy drew in more customers and encouraged higher credit […]
July 18, 2018

S&P 500 climbs to five-month high as financials and industrials rise

The S&P 500 hit a five-month high and the Dow rose for a fifth consecutive session on Wednesday as solid earnings boosted financial and industrial stocks […]
July 18, 2018

Exclusive: Investment firms fight to inject cash in Brazil carrier Oi

Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA as […]
July 18, 2018

Trump says U.S. may pursue separate trade deal with Mexico

President Donald Trump said on Wednesday the United States may hammer out a trade deal with Mexico, and then do a separate one with Canada later, […]
July 18, 2018

Two become one? Planemakers work on tech to cut pilot numbers

Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single […]
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