Thursday 26 April 2018

Amazon surprises Wall Street with huge profits, optimistic outlook

Amazon surprises Wall Street with huge profits, optimistic outlook

(Reuters) - Amazon.com Inc's march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter sales and profit, both ahead of expectations.

Microsoft tops estimates as Azure, Office products drive gains

(Reuters) - Microsoft Corp topped Wall Street forecasts for quarterly profit as it signed up more businesses to its Azure cloud computing services and Office 365 productivity suite.

Starbucks reports flat U.S. traffic, shares slip

LOS ANGELES (Reuters) - Starbucks Corp on Thursday reported flat traffic at established U.S. cafes for the second quarter in a row amid intense competition from upscale coffee houses as well as fast-food chains and convenience stores.

Wall Street gains on strong earnings, tech resurgence

NEW YORK (Reuters) - U.S. stocks advanced on Thursday with each of Wall Street's major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back.

Musk's 'no new capital' promise faces scrutiny when Tesla reports results

SAN FRANCISCO (Reuters) - Investors are accustomed to the bold promises of Tesla Inc's Elon Musk, but his assertion that the electric vehicle maker will not need more funds this year has many scratching their heads. How can the chief executive deliver on his many goals without a fresh infusion of outside cash?

U.S. business spending on equipment cooling; labor market strong

WASHINGTON (Reuters) - New orders for key U.S.-made capital goods fell in March, weighed down by the biggest decline in demand for machinery in nearly two years, and a drop in shipments cemented expectations that business spending on equipment slowed in the first quarter.

Southwest Airlines expects bookings to drop after deadly explosion

(Reuters) - Southwest Airlines Co on Thursday warned the consequences of a mid-air engine explosion last week will weigh on second-quarter bookings, as investigators continued to probe the events that led to the first passenger death in the airline's history.

MetLife trims compensation for CEO, CFO in year marked by errors

(Reuters) - MetLife Inc reduced total 2017 compensation for its chief executive and chief financial officer, a year marked by two key errors, including payments it failed to make to pensioners whom it could not locate, according to a filing on Thursday.

Airbus heads for dogfight with UTC over CSeries costs

PARIS/MONTREAL (Reuters) - Airbus is preparing to cross swords with United Technologies over the price of components and services for the Bombardier CSeries in a bid to make it easier to market the jet it agreed to bail out last year, people close to the matter said.

Wall Street seeks rule changes to encourage IPOs, staying public

NEW YORK/WASHINGTON (Reuters) - Wall Street lobby groups urged U.S. policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued on Thursday.

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