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AMD forecasts current-quarter revenue below estimates

Advanced Micro Devices Inc forecast current-quarter revenue below Wall Street estimates on Tuesday, due to waning demand from console makers such as Sony and Microsoft ahead of new launches.



5 years ago

Exclusive: OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe - sources

OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.



5 years ago

Apple iPhone sales return to growth, pushing profits above expectations

Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.



5 years ago

Global stocks rally in big rebound, safe-havens lose luster

Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets eased as investors took a less pessimistic view of the potential economic fallout from China's coronavirus outbreak.



5 years ago

EBay fourth-quarter revenue beats estimates

EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company's efforts to simplify user experience attracted more customers.



5 years ago

Airbus faces $4 billion fine after international bribery probe

Airbus faces a $4 billion fine and sharply lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.



5 years ago

Apple sparks Wall Street bounce ahead of results

U.S. stocks rebounded on Tuesday, as the S&P 500 bounced back from its worst day in nearly four months, led by a climb in Apple and other names hit by exposure concerns to the coronavirus outbreak in China that sparked a recent sell-off.



5 years ago

Starbucks expects impact from coronavirus in second quarter

Starbucks Corp said on Tuesday the outbreak of a new coronavirus in China would have a material impact on its second-quarter results.



5 years ago

Deutsche Bank delays raises to fixed pay after changing annual date for pay adjustments

Deutsche Bank AG has delayed raises to fixed pay compensation at the German bank by three months until after April 1, citing the need to further improve cost management, according to a memo seen by Reuters on Tuesday.



5 years ago

Blink and you missed it: the U.S. yield curve inverted again

A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.



5 years ago

Facebook VP of engineering Jay Parikh says leaving company

Facebook's vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking the exit of another key executive following a string of high-profile departures last year.



5 years ago

Blink and you miss it: The U.S. yield curve inverts again

A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.



5 years ago

Airbus faces record $4 billion fine after bribery probe

Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.



5 years ago

Apple iPhone back to growth after a year's slump; China virus adds uncertainty

Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.



5 years ago

Airlines cut China flights as companies restrict travel on virus fears

Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.



5 years ago