Business News
Asian stocks rise after U.S. tech shares bounce4/27/2018 6:23:54 AMSINGAPORE - Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a decade.Weak consumer spending seen restraining U.S. growth in first quarter4/27/2018 4:35:05 AMWASHINGTON - The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus.Exclusive: U.S. considers tightening grip on China ties to Corporate America4/27/2018 6:21:55 AMNEW YORK - The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said.Amazon delivers dazzling profits, as well as $20 Prime hike and NFL games4/27/2018 4:00:22 AM - Amazon.com Inc more than doubled its profit on Thursday and predicted strong spring results as the world's biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for business.Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week - sources4/26/2018 10:17:27 PM - U.S. wireless carriers T-Mobile US Inc and Sprint Corp have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday.Emboldened by Trump, banks push to throw off old rule constraints4/27/2018 5:16:26 AMWASHINGTON - Emboldened by President Trump's pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to scrap or revise more than a dozen other lesser-known rules they say are outdated, costly and hurt economic growth.Wall Street much quicker to applaud Facebook than criticize it4/26/2018 9:41:21 PM - A month of darkening sentiment around Facebook Inc among analysts was washed away in an instant when the social media's earnings report blew through even the most optimistic earnings estimates.Musk's 'no new capital' promise faces scrutiny when Tesla reports results4/26/2018 7:42:03 PMSAN FRANCISCO - Investors are accustomed to the bold promises of Tesla Inc's Elon Musk, but his assertion that the electric vehicle maker will not need more funds this year has many scratching their heads. How can the chief executive deliver on his many goals without a fresh infusion of outside cash?Airbus cuts A330 output, first-quarter profit capped by engine delays4/27/2018 6:35:40 AMPARIS - Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets.TSMC to invest $14 billion in R&D at Hsinchu facility4/27/2018 5:35:34 AMTAIPEI - Taiwan Semiconductor Manufacturing Co , the world's largest contract chipmaker, is planning a T$400 billion ($13.50 billion) investment to expand its research and development capacity for future technologies, a company spokeswoman said on Friday.