Sony sees profit nearing 20-year-old record with 73 percent jump this year Sony Corp said on Friday it expects annual operating profit to surge 73.2 percent, closing in on a two decade-old record, as its cash-cow image sensor business recovers from quake damage and enjoys strong demand from smartphone vendors. […]
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Google parent Alphabet's profit up 29 percent on strong ad sales Google parent Alphabet Inc (GOOGL.O) posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact. Alphabet's […]
Japan's Sharp posts narrower loss for the year, cost cuts paying off Sharp Corp on Friday reported a narrower annual loss for the year ended in March, as a cost-cutting drive by Taiwanese owner Foxconn started to show results. The liquid crystal display manufacturer booked an annual net loss of […]
Profit-taking trips up Asian stocks, Korean won slips on Trump trade threat Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea. Britain's FTSE 100, […]
Investors, South Korean tech suppliers brush off North Korea threat Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings […]
U.S. refiners bet on strong exports to balance market U.S. refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears. The first wave of earnings results from several […]
Boeing seeks U.S. anti-dumping probe against Bombardier jet Boeing Co on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian planemaker Bombardier's new CSeries airplane, adding to growing trade tensions between the United States and Canada. The petition against Canada's new competitor to the […]
Next battleground: An aging Great Lakes pipeline stirs new protest The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes. Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip […]
Companies cheer Trump tax cuts, but jobs are less certain to follow U.S. businesses would reap a windfall if President Donald Trump's plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and […]
Judge says Exxon owes $19.95 million for Texas refinery pollution A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 million penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013. U.S. District Court Judge David Hittner issued the ruling in […]
