 | | | | Facebook Inc (FB.O) beat market expectations for quarterly revenue on Wednesday, powered by higher ad spending by businesses during a pandemic-induced surge in online traffic. | | | | | | Apple Inc (AAPL.O) on Wednesday posted sales and profits far ahead of Wall Street expectations and announced a $90 billion share buyback as customers continued to upgrade to 5G iPhones and snapped up new Mac models with Apple's house-designed processor chips. | | | | | | Major Chinese investors are in talks to buy a stake in Saudi Aramco (2222.SE), several sources told Reuters on Wednesday, as Saudi Arabia's state oil firm prepares to sell another slice of its business to international investors. | | | | | | The National Labor Relations Board on Wednesday said evidence submitted by the Retail Wholesale and Department Store Union (RWDSU) "could be grounds for overturning" Amazon.com Inc's (AMZN.O) union election in Alabama if introduced at a hearing. | | | | | | Ford Motor Co (F.N) on Wednesday reported a strong quarterly profit, but warned that the global semiconductor chip shortage will slash production in the second quarter by 50%, or 1.1 million units, before bottoming out and then improving through the year. | | | | | | Qualcomm Inc (QCOM.O) on Wednesday forecast current quarter sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co Ltd (HWT.UL) customers migrate to Qualcomm-chip phones. | | | | | | EBay Inc (EBAY.O) on Wednesday forecast current-quarter profit below Wall Street estimates as it faces fierce competition from the likes of larger rival Amazon.com Inc (AMZN.O) for a share of the pandemic-led online shopping boom. | | | | | | A proposed multi-billion pound British class action against Google (GOOGL.O), which alleges the internet giant secretly tracked millions of iPhone users, is not viable and should not be allowed to proceed, the Supreme Court was told on Wednesday. | | | | | | The S&P 500 ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery. | | | | | | Coca-Cola Co (KO.N) on Wednesday agreed to sponsor a protected reserve in the Amazon rainforest, joining beer maker Heineken (HEIN.AS) and a growing list of global corporations signing up to the Brazilian government's "Adopt a Park" program. | | | | | |
