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Tesla Books Record Q1 Loss, Says Model 3 Production on Track
Tesla Inc. reported a narrower-than-projected loss as the electric carmaker increased spending to boost Model 3 production in April.Despite beating estimates, the company posted its worst ever quarterly loss and cautioned that it would shutter production for around 10 days during the second quarter, including its most recent planned shutdown period in April...
2018-05-03 00:47:00 UTC+00
23275
Investments,
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Stocks, bonds,
Company
Qualcomm to Consider Broadcom Takeover Bid on Higher Price Tag
Qualcomm had a change of heart regarding an acquisition offer by its rival Broadcom, stating it is open to considering the bid if it is raised to $160 billion including $25 billion in assumed debt, according to sources cited by Financial Times...
2018-02-27 03:50:00 UTC+00
23920
Industry,
Share,
M&A,
Business,
Company
Samsung Launches Galaxy S9 Smartphone
Samsung Electronics Co Ltd. launched its Galaxy S9 smartphone, which has more focus on visual applications for social media, hoping to entice younger generation consumers who are tech savvy to weather a market slump...
2018-02-26 03:14:00 UTC+00
17965
Industry,
Share,
Business,
Company
Qantas Airways Posts Record Half Year Profits
Qantas Airways reported record profits for the six months to December.Australia's national flag carrier, which has undergone a major restructuring program in recent years, booked underlying profits of 976 million Australian dollars...
2018-02-22 06:46:00 UTC+00
20665
Share,
Business,
Company
Walmart Shares Tumble on Weaker Holiday Online Sales
Walmart shares tumbled after posting weak online sales for the Christmas period and issuing a disappointing annual profit forecast.In the three months to December, online sales were 23 percent higher...
2018-02-21 03:41:00 UTC+00
21370
Industry,
Investments,
Share,
Company
Wynn Macau net profit rises 57% on year
Wynn Macau, a unit of Las Vegas-based Wynn Resorts Ltd., reported on Wednesday that it registered a 57% increase in its second-quarter net profit due to increase in gambling revenue...
2017-07-26 10:12:00 UTC+00
23020
Industry,
Business,
Company
Google Faces $2.7 Billion EU Penalty over Search Engine Control
EU antitrust regulators slapped Google with a €2.42 billion ($2.14 billion) fine for exploiting its dominance of the search engine in establishing its online shopping service...
2017-06-28 01:49:00 UTC+00
33265
New Technologies,
Industry,
Eurozone,
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Sprint in Talks with Charter, Comcast to Explore Partnership - Sources
U.S. telecommunications holding firm Sprint Corp is in talks with Charter Communications Inc and Comcast Corp regarding a partnership to raise both companies' wireless offerings, according to sources with knowledge of the topic...
2017-06-27 04:41:00 UTC+00
43165
Industry,
Investments,
Company
Big Tech Companies Scramble to Eradicate Extremist Content
Facebook, Twitter, YouTube, and Microsoft announced that they were creating an international working group aimed at eliminating terrorist contents from their sites...
2017-06-27 00:54:00 UTC+00
30835
New Technologies,
Industry,
Industrial production,
Company
Uber Says Kalanick Stepped Down amid Investor Pressure
Uber announced CEO Travis Kalanick resigned after grappling pressure from investors, making it no longer untenable for him to spearhead the company amidst a streak of scandals and deadlocks...
2017-06-22 02:16:00 UTC+00
44035
Business,
Company
Trump Says US Government Needs to Keep Up with Tech Revolution
President Donald Trump reiterated there is a need for a sweeping transformation of the US government's technology in order to provide more efficient services to the American people, noting the significance of keeping up with the technology revolution...
2017-06-20 04:46:00 UTC+00
43585
New Technologies,
Company
Trump, Tech Firm CEOs to Discuss Government Revamp
President Donald Trump and technology company bosses will tackle the White House's plan to help in reducing government waste and furthering services.Last week, during a conference call, administration officials said there was an economic opportunity to save around $1 trillion over a decade by slashing information technology expenditures, costs through better IT, increasing government purchasing power, and curbing fraud throughout agencies...
2017-06-19 10:46:00 UTC+00
39100
New Technologies,
Industry,
Company
AstraZeneca sells Zomig migraine drug rights
AstraZeneca announced on Wednesday its plan to sell the rights to its migraine drug Zomig to German company Grunenthal for up to $302 million.Upon completion, AstraZeneca is expected to receive $200 million and up to $102 million more on hitting future milestones...
2017-06-07 10:55:00 UTC+00
43840
Industry,
M&A,
Company
Toshiba Shares Higher on Report Broadcom Named as Chip Unit Buyer
Toshiba was one of the best performers among Japan's largest companies after reports that Broadcom is close to being given rights for the conglomerate's prized flash memory unit...
2017-06-06 06:31:00 UTC+00
47440
Share,
Business,
Finance,
Company
Bunge Fends off Glencore, Hires JPMorgan and Shearman & Sterling
US grain trader Bunge is focused on remaining independent as it resists takeover interest from Swiss mining company Glencore by strengthening its defenses with the appointment of advisers...
2017-06-05 01:51:00 UTC+00
42160
Industry,
Share,
Finance,
Company
Waze Expanding To Entire California
Waze said it is expanding its carpool services to entire California on June 6.The navigation app, which is owned by Google, last year introduced the carpool service in San Francisco and had extended it to nine counties three months ago...
2017-06-02 10:44:00 UTC+00
43270
Industry,
Business,
Company
EU Warns London Firms against "Letterbox" Entities Post-Brexit
An EU financial watchdog cautioned London-based entities against creating “letterbox” offices in the region to secure their market access following Brexit...
2017-05-31 12:31:00 UTC+00
40915
Eurozone,
Business,
Company
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