Tuesday 24 July 2018

AT&T subscriber growth beats estimates

AT&T subscriber growth beats estimates

AT&T Inc added a net 46,000 postpaid mobile phone subscribers in the second quarter, beating Wall Street estimates as the No. 2 U.S. wireless carrier ground out some growth in a saturated market.

Texas Instruments third-quarter profit forecast beats estimates

Texas Instruments Inc , whose CEO Brian Crutcher resigned a week ago, forecast better-than-expected revenue and profit for the third quarter as it benefits from higher sales of semiconductors used in cars and industrial machinery.

Wall St. closes higher with help from Alphabet

The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet's blowout results bolstered expectations of a robust earnings season.

Citron's Left reiterates belief AbbVie shares will fall sharply

Short-seller Andrew Left's Citron Research expanded on his prediction that U.S. drugmaker AbbVie Inc's stock would fall to $60 a share, arguing that new regulations to speed biosimilar drugs to the market and reform rebates will hurt revenue from the company's top-selling drug, Humira.

Ivanka Trump shuts fashion line, to focus on White House role

U.S. President Donald Trump's oldest daughter, Ivanka Trump, said on Tuesday she is closing her fashion line to focus her energies on advising her father's White House.

Scooter companies ride high on hope and hype

Segway-Ninebot Group, a Beijing-based manufacturer of electric scooters, rolled into Los Angeles this week hoping to bolster its position as the main supplier for a new wave of well-funded scooter-rental startups and offer a peek at new battery-powered transit products.

Ford follows GM's Cruise move with self-driving spinoff

Ford Motor Co said on Tuesday it was creating a separate $4 billion unit to house its self-driving vehicle operations and is seeking outside investors, following a similar move in late May by Detroit rival General Motors Co with its Cruise Automation unit.

Exclusive: Occidental Petroleum explores sale of pipeline assets - sources

Occidental Petroleum Corp is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday.

U.S. safety board to hold hearing on fatal Southwest engine failure

The National Transportation Safety Board said on Tuesday it will hold an investigative hearing in November about a midair incident in April in which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger.

Harley-Davidson's profit beats estimates, shares rally

Harley-Davidson Inc's shares rallied on Tuesday after the motorcycle maker forecast a lower-than-expected hit to profit margins from President Donald Trump's trade tariffs and its quarterly earnings topped Wall Street estimates.

Biogen easily tops Street estimates on Spinraza sales, raises forecast

Biogen Inc reported far better-than-expected second quarter profit on Tuesday, driven by strong demand of its Spinraza muscle disease treatment, and the U.S. biotech company raised its full-year profit forecast.

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