Page 1177 - Business Finance
Global Markets: Asian shares inch up after Apple earnings, CEO comments
TOKYO (Reuters) - U.S. stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc's earnings and comments from its chief that U.S.-China trade tensions were easing, sending the iPhone maker's shares soaring in after-hours trade.
EBay's poor revenue outlook overshadows first-ever dividend
(Reuters) - EBay Inc on Tuesday forecast March quarter revenue below Wall Street estimates after reporting disappointing growth in the sales volume on its platform during the key holiday quarter, overshadowing news of its first-ever dividend.
Small panels drive big quarter four profit jump at LG Display
SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday fourth-quarter operating profit leapt more than six-fold from a year earlier, on the back of strong demand for its small panels including for smart watches.
Harley sees 2019 shipments slump, shares drop; will boost Thai investment
(Reuters) - Harley-Davidson Inc reported worse-than-expected quarterly profit on Tuesday and forecast a slump in global shipments of its motorcycles in 2019, sending its shares down 5 percent.
LG Display says quarter four operating profit rose on year to $250 million
SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday fourth-quarter operating profit leapt more than six-fold from a year earlier, on the back of strong demand for its small panels especially for smart watches.
AMD shares jump on record growth in data center revenue
(Reuters) - Chipmaker Advanced Micro Devices Inc on Tuesday reported record quarterly growth in data center sales and projected revenue growth in fiscal 2019 above Wall Street expectations, sending its shares up 10 percent after the bell.
Apple profit stable as service gains offset iPhone slump
Apple said Tuesday that profits held steady in the most recent quarter, with revenue growth in music, movies, apps and other services offsetting slumping iPhone sales, sparking a rally in shares of the California tech giant. Profit in the final quarter of last year was USD 20 billion, a dip of less than one per cent, on revenue of USD 84.3 billion even as money from iPhone sales was down 15 per cent from the same period in 2017. The full extent of the slump in iPhone sales was not clear because Apple for the first time stopped reporting unit sales for its iconic smartphones. Overall revenue for Apple dipped nearly five per cent from a year ago, in line with the lowered guidance earlier this month that stunned the market and hammered shares of the iPhone maker. "While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter's results demonstrate that the underlying strength of our business runs deep and wide," chief executive Tim Cook said .
Apple services business grows, CEO Cook sees China tensions ease
(Reuters) - Apple Inc reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping the technology company's shares up after hours even as iPhone sales dipped in the holiday shopping quarter for the first time.
South Korea's big buys on U.S. oil, gas to keep bilateral ties strong
SEOUL/SINGAPORE (Reuters) - South Korea's purchases of U.S. oil and gas this year will hold to the rapid pace set in 2018, likely narrowing its trade surplus with the world's top economy further and bolstering its ties to Washington.
PG&E files for bankruptcy as California wildfire liabilities loom
SACRAMENTO (Reuters) - PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest wildfires in California's history.
Apple services business grows, shares rise six percent
(Reuters) - Apple Inc on Tuesday reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping its shares up even after sales of its iPhone dipped in the holiday shopping quarter.
LVMH reassures on China as Vuitton handbags boost sales
PARIS (Reuters) - LVMH struck a "cautiously" confident tone for the year ahead on Tuesday after fourth-quarter sales held up despite fears of a China slowdown, and growth picked up at its Louis Vuitton megabrand.
Gold hits eight-month high, stocks mixed amid trade caution, results
NEW YORK (Reuters) - Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results, including Apple's, and a Federal Reserve decision on U.S. interest rates.
Oil prices up two percent following U.S. sanctions on Venezuela
NEW YORK (Reuters) - Oil prices gained more than 2 percent on Tuesday after the United States imposed sanctions on state-owned Venezuelan oil company PDVSA, a move likely to reduce the OPEC member's crude exports and relieve some global oversupply worries.
White House to seek big domestic spending cuts; budget will be late
WASHINGTON (Reuters) - The White House will propose significant non-defense spending cuts in its 2020 budget proposal, officials said on Tuesday, but it will miss the Monday, Feb. 4 deadline for submitting its plan to U.S. Congress, where the new Democratic majority in the House of Representatives plans to oppose it.
Apple sees U.S.-China tensions easing, services business growing
(Reuters) - Apple Inc said sales for its fiscal second quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for its iPhone, especially in China, the world's biggest smartphone market.
EBay unveils dividend, tops sales estimates for holiday quarter
(Reuters) - Ebay Inc will begin paying a dividend, it announced on Tuesday, while also reporting better-than-expected sales and profit for the fourth quarter as it benefits from a rise in online shopping.
AMD reports record data centre revenue, shares jump
(Reuters) - Advanced Micro Devices Inc on Tuesday reported record growth in data centre revenue and forecast revenue growth in fiscal 2019 above expectations, sending shares up nearly 7 percent after the bell.
Japan's ANA orders passenger jets worth $4.3 billion in Asia push
SEATTLE/TOKYO (Reuters) - Japan's ANA Holdings Inc said on Tuesday it would order at least 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines' parent PAL Holdings Inc to support its Asia growth strategy.
Wall Street wavers as Apple tees up its quarterly report
(Reuters) - Wall Street was mixed on Tuesday, with technology shares dipping ahead of Apple's quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average.