July 18, 2018

FCC votes to refer Sinclair Tribune merger to administrative judge

The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media Co […]
July 18, 2018

IBM gets boost from new businesses, tops 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

S&P 500 climbs to over five-month high on strong earnings

The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted […]
July 18, 2018

Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide

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

Canadian temporary tattoo start-up gets $10 million in funding

A Toronto-based start-up has secured $10 million in funding from venture capitalists to expand its operations in the temporary tattoo business, the company’s chief executive officer […]
July 18, 2018

EBay revenue misses as weak U.S. sporting season hits StubHub

EBay Inc missed analysts’ estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast […]
July 18, 2018

Audit faults U.S. oversight of auto safety recalls, Takata inflators

A government audit released on Wednesday faulted the National Highway Traffic Safety Administration’s oversight of auto safety recalls and said its “delayed action” may have delayed […]
July 18, 2018

U.S. proposes expedited appeal in fight with AT&T over Time Warner purchase

The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc to buy movie and TV show […]
July 18, 2018

U.S. regulatory panel gives Zions Bancorp green light to shed Fed oversight

A top U.S. regulatory panel on Wednesday said it had preliminarily approved Zions Bancorp’s petition to shed Federal Reserve oversight on the basis it is not […]
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