Wednesday 25 April 2018

Facebook beats Wall Street's revenue estimates, shares rise

Facebook beats Wall Street's revenue estimates, shares rise

(Reuters) - Facebook Inc shares rose after the bell on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.

Ford targets higher margins faster, to drop unpopular cars

DETROIT (Reuters) - Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.

Qualcomm profit tops estimates on higher modem chip sales

(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, led by higher sales of modem semiconductors used in smartphones and connected cars.

Twitter shares fall on outlook of slower growth, rising costs

(Reuters) - Twitter Inc shares fell on Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.

Stocks end slightly higher though rate jitters linger

(Reuters) - Wall Street eked out a small gain on Wednesday as optimism over a spate of upbeat earnings was offset by jitters over rising bond yields and corporate costs.

Chevron evacuates Venezuela executives following staff arrests

(Reuters) - U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.

Comcast confirms $31 billion bid for Sky, sparking battle with Fox

LONDON/NEW YORK (Reuters) - U.S. media group Comcast submitted a 22 billion pound($30.7 billion) bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox .

Trump and Apple CEO Cook meet at White House with trade the focus

WASHINGTON (Reuters) - President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies.

Volatile ruble encourages McDonald's to cook up Russian fries

LIPETSK, Russia (Reuters) - French fries at McDonald's restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.

Volkswagen reaches $33.5 million diesel emissions settlement with Maryland

WASHINGTON (Reuters) - Volkswagen AG has reached a $33.5 million settlement with Maryland over state claims related to the German automaker's excess emissions, court documents show.

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