Intel Misses Revenue From PC Decline
Intel Corp reported a 2.6 percent rise in quarterly revenue, boosted by strong sales of its microchips that power data centers and Internet-connected devices.
Intel Corp reported a 2.6 percent rise in quarterly revenue, boosted by strong sales of its microchips that power data centers and Internet-connected devices.
EBay Inc reported a 5.7 percent increase in quarterly revenue as its efforts to revamp its online marketplace start to pay off.
eBay Inc. shares jumped Wednesday afternoon after the e-commerce company announced a slight earnings beat and additional stock repurchases.
Credit card issuer American Express Co reported a 37 percent rise in quarterly profit, driven by higher spending by its customers and lower expenses due to a sale of its loan portfolio.
After a huge drop in profit the previous quarter, Qualcomm Inc. bounced back with gains according to a Wednesday earnings report, and shares gained more than 5% in late trading.
Qualcomm Inc reported a 3.6 percent rise in quarterly revenue, driven by strong demand for its flagship Snapdragon processors used in smartphones.
American Express Co. shares rose nearly 2% late Wednesday as the credit card company surpassed earnings expectations.
Shares of Intel Corp. slid in Wednesday's extended session after the semiconductor giant's quarterly earnings beat while revenue missed expectations slightly.
Mattel Inc, the largest U.S. toymaker, reported better-than-expected quarterly sales, driven by strong demand for its flagship Barbie dolls.
Kroger Co. said Wednesday that Axium Pharmacy Holdings will acquire Modern HC Holdings to create a combined specialty pharmacy that will operate as a wholly-owned Kroger subsidiary.
Facebook Inc's Messenger has more than 1 billion users, the social media company said on Wednesday, making it one the world's top three apps just two years after it was split off from Facebook's main app, which is by far and away the most popular.
Halliburton, the oilfield services giant, says the oil market appears to be on the road to recovery.
Standard & Poor's Global Ratings on Wednesday downgraded ratings on the Republic of Turkey, and said the attempted coup at the weekend has further eroded the country's institutional checks and balances.
Oil futures pared some of their losses on Wednesday after the U.S. Energy
Mark Johnson, the global head of foreign-exchange cash trading at HSBC, was arrested Tuesday evening at JFK airport and charged with front-running customer orders, The Wall Street Journal reported Wednesday.
Stocks opened higher Wednesday, putting the Dow industrials on track to log its seventh record closing high in a row, fueled by better-than-feared quarterly results.
Microsoft Corp.'s stock shot up 5.3% to a three-month high in morning trade Wednesday, more than enough to push the Dow Jones Industrial Average into positive territory.
Six Flags Entertainment Corp. said Wednesday that it has entered into an agreement to open a second theme park and a water park in the Bishan district of China, an area with a population of about 120 million people.
U.S. stocks rose on Wednesday, with the Dow and the S&P 500 hitting fresh records, as Microsoft's strong results reinforced optimism about the health of quarterly earnings.
Wall Street investment bank Morgan Stanley reported a lower, but better-than-expected, adjusted second-quarter profit on Wednesday, helped by a decline in expenses.
Halliburton, the world's No.2 oilfield services provider, posted a quarterly loss, compared with a year-earlier profit, hurt mainly by the $3.5 billion fee it paid for terminating a deal to buy Baker Hughes.
Volkswagen AG on Wednesday reported better-than-expected profit for the first six months of the year
Oil prices edged lower on Wednesday ahead of weekly U.S. crude inventory data.
Pacific Investment Management Co (PIMCO) has hired Emmanuel 'Manny' Roman, the chief executive of the world's biggest listed hedge fund Man Group, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014.
Virginia Sen. Tim Kaine and Agriculture Secretary Tom Vilsack have emerged as the top two choices to be Hillary Clinton's running mate on the Democratic ticket, campaign sources told Fox News Tuesday.
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