Trump first budget uses dramatic cuts to fund military buildup Trump first budget uses dramatic cuts to fund military buildup:- President Trump’s first formal budget proposal to Congress, one of the most ambitious ever proposed, seeks to “redefine the proper role” of the federal government by dramatically reducing its involvement in many […]
Oracle cloud transition helps third-quarter profit beat Oracle cloud transition helps third-quarter profit beat:- Oracle Corp reported better-than-expected quarterly profit and adjusted revenue as the business software maker benefits from its transition to cloud-based products. Oracle's shares rose 5.2 percent to $45.30 in extended trading on Wednesday. Sales of the company's cloud-computing […]
Shenzhen-listed shares of China ZTE surge 10 percent in resumed trade Shenzhen-listed shares of China ZTE surge 10 percent in resumed trade:- Shenzhen-listed shares of Chinese telecom equipment maker ZTE Corp jumped 10 percent on Thursday, resuming trading after a nine-day halt and catching up with gains in its Hong Kong shares that […]
Apple, Google, Facebook skip legal challenge to new travel ban Apple, Google, Facebook skip legal challenge to new travel ban:- Apple Inc, Alphabet Inc's Google and Facebook Inc are among more than 60 technology companies that appear to have backed away from the legal fight against U.S. President Donald Trump's […]
Bank of America shareholders revive chairman debate Bank of America shareholders revive chairman debate:- Bank of America Corp (BAC.N) Chairman and Chief Executive Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank's proxy filing on Wednesday. A shareholder proposal […]
Big win for automakers as Trump orders fuel economy standards review Big win for automakers as Trump orders fuel economy standards review:- President Donald Trump on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives […]
China consumer day show skewers Nike shoes, Muji foods China consumer day show skewers Nike shoes, Muji foods:– China's annual consumer rights day TV show turned its spotlight on U.S. sports brand Nike Inc (NKE.N) for misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part […]
Dollar crunched by cautious Fed, bonds and commodities cheer Dollar crunched by cautious Fed, bonds and commodities cheer:- The dollar nursed painful losses in Asia on Thursday while sovereign bonds savored their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signaled no pick-up […]
Tesla to raise about $1.15 billion in stock, notes Tesla to raise about $1.15 billion in stock, notes:- Tesla Inc (TSLA.O) said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production […]
Yahoo cyber indictment shows Kremlin, hackers working hand-in-hand Yahoo cyber indictment shows Kremlin, hackers working hand-in-hand:- Wednesday's indictments in the United States of four people in a 2014 cyber attack on Yahoo Inc (YHOO.O) provides the clearest details yet on what some U.S. officials say is a symbiotic relationship between […]
