Thursday, 26 April 2018

Daily Investor Update: Microsoft tops estimates as Azure, Office products drive gains

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' Americas cafe sales rise more than expected

LOS ANGELES (Reuters) - Starbucks Corp's sales at established cafes in its U.S.-dominated Americas region grew slightly more than expected in the latest quarter amid increasing competition from upscale independent cafes, convenience stores and fast-food chains.

Earnings lift stocks as U.S. yields dip; euro weakens after ECB

NEW YORK (Reuters) - A gauge of global equities advanced on Thursday, buoyed by a round of solid quarterly earnings in Europe and the United States, while the euro weakened after the head of the European Central Bank hailed "solid" economic growth but kept interest rates unchanged.

ConocoPhillips profit tops estimates on rising oil prices, cost cuts

HOUSTON (Reuters) - ConocoPhillips , the world's largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices and cost cuts.

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.

Amazon's first-quarter revenue, profit trounce estimates

(Reuters) - Amazon.com Inc reported first-quarter revenue and profit on Thursday that trounced analysts' estimates, driven by a surge in online shopping and higher demand for its cloud services.

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.

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?

Ex-HSBC executive sentenced to two years for foreign exchange scheme

NEW YORK (Reuters) - A former HSBC Holdings Plc executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.

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.

Square to buy website building platform Weebly

NEW YORK, April 26 (Reuters) - Square Inc, the payments company led by Twitter Inc Chief Executive Officer Jack Dorsey, will acquire website building startup Weebly, the company said on Thursday.

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