Fox Corp beats profit estimates on higher affiliate fees

Share

Your evening briefing. Reuters Business Sponsored by   Fox Corp beats profit estimates on higher affiliate fees Media company Fox Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors. Samsung's new Note takes on Huawei in selfie beauty pageant Samsung unveiled a new version of the Galaxy Note smartphone on Wednesday with fast 5G network connection and improved camera features, hoping the premium model helps it revive slumping profit and widen the gap with struggling rival Huawei. Lyft raises forecast for 2019 as price war with Uber eases, ridership rises Lyft Inc posted a jump in revenue on Wednesday in its second-quarter results, allowing the ride-hailing company to lift its forecasts as more riders used the service and price competition with rival Uber eased. Lithium producer Albemarle raises 2019 adjusted profit forecast Albemarle Corp raised its 2019 adjusted profit forecast after posting a 10% jump in the second quarter on Wednesday, as the world's largest lithium producer sold more volumes of lithium and bromine at higher prices. AIG profit beats on strong underwriting, investment income Insurer American International Group Inc beat Wall Street estimates for quarterly profit on Wednesday, boosted by improved underwriting in general insurance business and higher investment income, sending its shares up 2.7% in extended trading. IAC explores option to spin off Match, ANGI; beats quarterly revenue IAC/InterActiveCorp said it was exploring the possibility of spinning off its stake in Tinder-parent Match Group and online homeservices provider ANGI Homerservices as it reported a better-than-expected quarterly revenue on Wednesday. S&P 500 ends slightly higher after rebounding with bond yields The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession. Rush into U.S. bonds curbs global stock markets; gold touches six-year high Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew. Former Defense Secretary Mattis rejoins General Dynamics board Former U.S. Defense Secretary Jim Mattis rejoined the board of General Dynamics Corp on Wednesday, seven months after quitting his job in the Trump administration over disagreements about foreign policy, the defense contractor said. Tesla stands by safety claims despite U.S. probes, subpoenas over crashes Electric carmaker Tesla Inc stood by its Model 3 safety claims on Wednesday in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about crashes involving the company's vehicles. Related Videos Avoid bond funds now - Payne Payne Capital Management president Ryan Payne tells Reuters' Fred Katayama the bond market is in a bubble. He says investors should stop buying bond funds and opt for high quality bonds instead. Breakingviews TV: Apocalypse NYT The newspaper has prospered by taking on the Trump administration. Now a headline about mass shootings has prompted accusations that it's normalizing its coverage of the president. That, argues Rob Cox, may hint of life at the Times after the war with Trump ends. Sponsored by IBM: Another security tool? Chaos. More security tools = more chaos. You don't need new tools. You need new rules. IBM Security helps everything work together. And work better. See why IBM leads in Security World news that matters. More Newsletters Get Reuters News App Get Reuters TV App               © 2019 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions