November 14, 2018

A matter of volume: threat from ascendant Chinese phones hangs over Apple

A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall […]
November 14, 2018

Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Warren Buffett’s Berkshire Hathaway Inc has deepened its commitment to the U.S. financial industry, announcing new stakes in JPMorgan Chase & Co, PNC Financial Services Group […]
November 14, 2018

Jury clears J&J of liability in California talc cancer case

A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company’s talc-based products, including its […]
November 14, 2018

Ackman’s Pershing Square exits Mondelez, sees better places to invest

William Ackman’ hedge fund Pershing Square Capital Management sold out of snack maker Mondelez International during the third quarter some three years after first making the […]
November 14, 2018

Oil rebounds after long plunge, dollar weaker after inflation data

Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while the dollar held losses against a basket of […]
November 14, 2018

Airbus likely sold 10 A330neo jets to Delta: sources

U.S. carrier Delta Air Lines has emerged as the probable buyer for 10 Airbus A330neo jets worth $3 billion, industry sources said, in a boost for […]
November 14, 2018

U.S. Postal Service loss triples, even as package deliveries rise

The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, giving U.S. President Donald Trump […]
November 14, 2018

Blue Apron warns on revenue growth, shares tumble

Blue Apron Holdings Inc on Wednesday said it plans to cut marketing spending, sacrificing possible revenue growth to focus on promoting its meal-kit delivery service to […]
November 14, 2018

Euro, pound rise as trader eye Brexit, Italy

The euro and sterling rose on Wednesday as traders monitor the latest developments between the European Union and Britain on the latter’s departure from the economic […]
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