Thursday, 2 May 2019

Caterpillar gives details on services push, hikes dividend

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Caterpillar gives details on services push, hikes dividend

Caterpillar Inc on Thursday provided investors with details on its push to grow its services business while also laying out dividend increases and more consistent share repurchases in the coming years.

GoDaddy quarterly profit falls short of estimates as costs still weigh

Web hosting company GoDaddy Inc reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6 percent lower in after-hours trading.

Videogame maker Activision's second-quarter forecast misses, shares fall

Activision Blizzard Inc forecast second-quarter profit below estimates on Thursday, as the videogame maker invests in its core franchises to counter intense competition from games such as "Fortnite" and "Apex Legends".

Exclusive: Tesla expects global shortage of electric vehicle battery minerals - sources

Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company's global supply manager for battery metals told an industry conference on Thursday, according to two sources.

Wall St. slips as energy drops, investors digest Fed comments

U.S. stocks eased further from recent record highs on Thursday as energy shares dropped along with oil prices and investors continued to digest comments by Federal Reserve Chairman Jerome Powell.

CBS misses revenue estimates on weak content licensing, distribution

TV broadcaster and media company CBS Corp fell short of analysts' estimates for first-quarter revenue on Thursday, hit by a drop in content licensing and distribution sales.

Dented Fed rate cut hopes drag on stocks; dollar, yields climb

Global equity markets declined for a second straight day on Thursday while the dollar and bond yields rose after comments from Federal Reserve Chairman Jerome Powell caused investors to lower expectations for a rate cut by the U.S. central bank this year.

Founder, execs of drug company guilty in conspiracy that fed opioid crisis

The founder of Insys Therapeutics Inc on Thursday became the highest-ranking drugmaker executive convicted in a case tied to the U.S. opioid crisis, when he and four colleagues were found guilty of bribing doctors to prescribe an addictive painkiller, helping drive the epidemic.

U.S. prosecutors seek to disqualify Huawei defense lawyer: filing

U.S. prosecutors on Thursday filed a motion to disqualify the lead defense lawyer for Huawei Technologies Co Ltd from the case against the Chinese company for alleged bank fraud and sanctions violations, according to a filing in U.S. District Court in Brooklyn, New York.

Tweak to U.S. payment to banks may bolster Fed's credibility

A small cut to an interest rate little known beyond Wall Street could lead to a big payoff for the Federal Reserve's most important asset: its credibility.

Foxconn chairman meets with Trump on Wisconsin project

Foxconn Chairman Terry Gou met U.S. President Donald Trump on Wednesday to discuss the status of the Taiwanese company's planned investment in Wisconsin, Foxconn and the White House said on Thursday.

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