The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called "profit recession" this year because predicted economic bad news has failed to materialize.
U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's US$50 billion offshore banking industry, according to four sources and a document seen by Reuters.
American Media Inc (AMI) is selling its tabloid the National Enquirer for US$100 million to James Cohen, chief executive of Hudson News , the Washington Post reported on Thursday, citing people familiar with the agreement.
The new sales chief at Europe's Airbus hinted at orders for an unannounced new version of its A321 jet, while softening market rhetoric and predicting rival Boeing will emerge quickly from a crisis over the grounded 737 MAX.
Apple Inc is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly everything that happens in its newest lab in Austin, Texas.
Users of Android devices will be able to choose their browsers and search engines from five options starting on Thursday, a senior Google executive said, in a move aimed at addressing EU antitrust concerns and staving off fresh sanctions.
Samsung announced Thursday it will inspect units of its highly anticipated folding smartphone after some reviewers reported screen damage.
T-Mobile US Inc's US$26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious.
Consumer goods giant Unilever reported stronger than expected quarterly underlying sales growth on Thursday, helped by increased prices and volume.
Amazon.com Inc on Thursday said it is notifying sellers that it will no longer operate a marketplace nor provide seller services on its Chinese website, Amazon.cn, from July 18.
