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Qualcomm says Apple $7 billion behind in royalty payments

October 26, 2018 by  
Filed under News

Qualcomm Inc said in a court hearing on Friday that Apple Inc is $7 billion behind in patent royalty payments to the mobile chip firm, which for years supplied parts for the iPhone.


Source: Reuters Business News

Delta Air Lines happy with pilot contract rules for regional flights: CEO

October 26, 2018 by  
Filed under News

Delta Air Lines Chief Executive Ed Bastian said on Friday he was satisfied with pilot contract language governing the outsourcing of regional flights and does not see it becoming an issue during upcoming negotiations.


Source: Reuters Business News

Hog industry worldwide getting slaughtered in trade war

October 26, 2018 by  
Filed under News

Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China.


Source: Reuters Business News

Tesla says has not received subpoena on Model 3 production

October 26, 2018 by  
Filed under News

Tesla Inc has not received a subpoena from the U.S. Department of Justice related to its forecast for Model 3 production, the carmaker said on Friday, after a report that the company was facing a deepening criminal probe about the projections.


Source: Reuters Business News

Equities' slide sends bonds, gold higher, dents greenback

October 26, 2018 by  
Filed under News

Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.


Source: Reuters Business News

Microsoft overtakes Amazon as second most valuable U.S. company

October 26, 2018 by  
Filed under News

Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization.


Source: Reuters Business News

Brazil will leave fate of Boeing-Embraer deal to next president

October 26, 2018 by  
Filed under News

Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters on Friday.


Source: Reuters Business News

Weak Amazon, Alphabet results ignite growth worries

October 26, 2018 by  
Filed under News

Shares of Amazon.com Inc dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.


Source: Reuters Business News

U.S. shale producers eye global pricing as exports surge

October 25, 2018 by  
Filed under News

Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before – lock in prices for their barrels that will find a home overseas.


Source: Reuters Business News

Few see Trump-friendly U.S. stock recovery before elections

October 25, 2018 by  
Filed under News

U.S. President Donald Trump’s favorite report card on his presidency may be failing him at a critical moment.


Source: Reuters Business News

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