Tuesday, 16 April 2019

Netflix forecast disappoints as streaming competition looms

Reuters.com Newsletter

Netflix forecast disappoints as streaming competition looms

Netflix Inc reported quarterly results on Tuesday that beat Wall Street targets, but the world's largest online streaming service predicted it would hook fewer new customers than expected through June, just as Walt Disney Co and others prepare to escalate the streaming video wars.

Qualcomm stock surges after settling long patent dispute with Apple

Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc, signing a six-year patent license deal and a supply agreement that could pave the way to getting its modem chips back in the iPhone, which featured only Intel Corp chips last year.

Oil up 1 percent as market focuses on supply risks

Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains.

Boeing 737 MAX software upgrade 'operationally suitable': FAA panel

A review by a U.S. Federal Aviation Administration panel into Boeing Co's grounded 737 MAX aircraft found a planned software update and training revisions to be "operationally suitable," the agency said Tuesday, an important milestone in getting the planes back in the air.

Minnesota student sues JD.com's CEO Liu, company over rape allegation

A University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China's e-commerce retailer JD.com Inc, filed a civil lawsuit against him in a Minneapolis court on Tuesday, nearly four months after prosecutors declined to press criminal charges.

Stocks approach new highs but healthcare stymies Wall Street

Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector paused Wall Street's rally.

DOJ likely to block T-Mobile, Sprint deal: WSJ

The U.S. Department of Justice staffers have told T-Mobile US Inc and Sprint Corp that their $26 billion merger is unlikely to be approved as currently structured, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

CSX quarterly profit beats view, stock jumps

CSX Corp on Tuesday reported quarterly profit that topped Wall Street's expectations, after the No. 3 U.S. railroad operator contained costs and pushed through price increases.

Wall Street edges higher on generally positive earnings

U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.

United Airlines beats first-quarter profit estimate, holds 2019 target

United Airlines on Tuesday reported a first quarter profit increase that easily beat Wall Street forecasts as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded.

IBM quarterly revenue misses estimates on weak cloud, services demand

International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best.

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