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Microsoft beats estimates, powered by growing cloud profits

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.



4 years ago

Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes

Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger planes after two deadly crashes.



4 years ago

Trump wants weaker dollar but it could be a hard sell

President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade advantage.



4 years ago

Goldman Sachs' equities-backed earnings results may face pressure

Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.



4 years ago

Microsoft shares hit record highs, powered by growing cloud sales

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.



4 years ago

Trump meets with airline CEOs over Qatar subsidy accusations

U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.



4 years ago

U.S. airline group says it had a 'productive meeting' with Trump on Qatar

A U.S. airline industry group said it had a "productive" meeting on Thursday with President Donald Trump, who "shares our concerns" about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States.



4 years ago

Icahn launches proxy fight after stalled talks with Occidental CEO

Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company's chief executive failed to reach an agreement.



4 years ago

Exclusive: J.C. Penney taps debt restructuring advisers - sources

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.



4 years ago

Exclusive: WeWork to host Wall Street analyst day in IPO push - sources

The We Company, parent of flexible workspace operator WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said.



4 years ago

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations

Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month.



4 years ago

Asia stocks firm as Fed props up rate cut expectations

Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.



4 years ago

Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone

Oil prices climbed around 2% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.



4 years ago

Exclusive: IEA revising oil demand growth forecast down on slowing economy

The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.



4 years ago

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks

U.S. and Chinese officials spoke by telephone on Thursday as the world's two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.



4 years ago