July 31, 2019

China probes small bank shareholdings as risk worries persist

China is sharpening its scrutiny of small banks’ shareholders amid fears that loans from the lenders to big investors could prove a weak point in the […]
July 30, 2019

Samsung Electronics second-quarter profit down 56% as chip troubles persist

Samsung Electronics Co Ltd posted a 56% drop in second-quarter operating profit on Wednesday, hit by continuing declines in memory chip prices amid oversupply. Powered by […]
July 30, 2019

Apple forecasts strong revenue even as iPhones drop to under half of sales

Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described […]
July 30, 2019

Oreo maker Mondelez raises sales forecast as emerging markets fuel growth

Mondelez International Inc raised its 2019 sales forecast on Tuesday, benefiting from several years of tailoring its chocolates and cookies to cater to consumer tastes in […]
July 30, 2019

Amgen results beat estimates, lung cancer trial planned

Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped […]
July 30, 2019

Apple wants to make high-end computers in U.S., needs tariff relief – Cook

Apple Inc Chief Executive Tim Cook on Tuesday said that the desire to keep Mac Pro computer production in United States was behind the company’s recent […]
July 30, 2019

Trump warns China against delaying trade deal as talks resume

U.S. President Donald Trump on Tuesday warned China against waiting out his first term to finalize any trade deal, saying if he wins re-election in the […]
July 30, 2019

Enterprise Products in deal with Chevron to develop crude oil port

Pipeline operator Enterprise Products Partners LP signed long-term agreements with Chevron Corp that advance its proposed offshore crude project in the U.S. Gulf of Mexico, the […]
July 30, 2019

Capital One customer data breach rattles investors

Capital One Financial Corp’s assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with […]
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