By Arathy Somasekhar HOUSTON (Reuters) – Oil prices were little changed on Tuesday as upbeat economic data in No. 2 oil consumer China offset concerns that possible increases in U.S. interest rates could dampen growth in the top consuming country. Brent crude settled 1 cent, or 0.01%, higher at $84.77 a barrel, while West Texas…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix Inc beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its pursuit of growth. The company said it shifted a wider launch of a plan to crack down on unsanctioned…
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear. The Dow and Nasdaq ended with fractional declines on the…
By Dawn Chmielewski (Reuters) -Netflix Inc is winding down its DVD-by-mail business, the company said in a blog post on Tuesday, ending the service it started around 25 years ago. The company said its DVD rental business had been shrinking and it will not be able to continue to offer quality service. Netflix will ship…
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings Inc on Tuesday forecast a profit for the second quarter and retained its earnings outlook for the full year on “strong” travel demand, particularly for international trips. In a statement, CEO Scott Kirby said bookings for international travel are growing at twice the domestic rate. The…
By M. Sriram and Tanvi Mehta MUMBAI (Reuters) -About 300 people queued at Apple’s store in Mumbai on Tuesday, as fans took selfies with Chief Executive Tim Cook, who inaugurated the first retail store run by the tech giant in India, underscoring the importance of its market. “The energy, creativity, and passion in Mumbai is…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Whisper it, but Wednesday could be a pretty quiet day in Asia after Wall Street closed little changed on Tuesday and with Malaysian trade and Australian leading indicators the only potential market-moving releases on the regional data calendar….
(Reuters) – WeWork Inc said on Tuesday that it had received a non-compliance notice from the New York Stock Exchange, as its stock traded below $1 over a 30 day period. The notice will not result in immediate de-listing and the company will have six months to regain compliance, the flexible workspace provider said. Debt-laden…
By Dan Whitcomb (Reuters) – Former New Jersey Governor Chris Christie joined former U.S. President Donald Trump on Tuesday in criticizing a fellow Republican, Florida Governor Ron DeSantis, over his feud with the Walt Disney Co.. DeSantis, a likely presidential candidate, fired new salvos this week in his ongoing bid to win more state oversight…
(Reuters) -Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act. Hyundai Auto Canada failed to send out notices of safety defect within the prescribed time period of 60 days, the statement said, and the company will pay a fine…
