Apple breaches $1 trillion stock market valuation
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) on Thursday became the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it…
Meat processor Tyson Foods cuts profit forecast on mounting tariff pressures
(Reuters) – Tyson Foods Inc (TSN.N) cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of…
US Foods to buy SGA’s Food Group for $1.8 billion
(Reuters) – Food distribution company US Foods Holding Corp (USFD.N) said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter…
Papa John’s shares fall as board adopts ‘poison pill’
(Reuters) – Shares of Papa John’s International Inc (PZZA.O) fell 8 percent on Monday after the pizza chain said it would implement a “poison pill” stock dilution that would act…
Abbott Labs raises 2018 earnings forecast, shares hit record high
(Reuters) – Abbott Laboratories raised its full-year earnings forecast and topped estimates for quarterly profit on Wednesday, powered by demand for its glucose monitoring device for diabetics and gains from…
Texas Instruments CEO resigns on code of conduct violation
(Reuters) – Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, after finding following a…
CSX profit tops Wall St target on cost cuts, pricing power
(Reuters) – CSX Corp (CSX.O) on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising…
Netflix shares tank after big miss on subscriber growth
(Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s expansion…
AT&T CEO confident Time Warner deal on solid ground
(Reuters) – The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move…
U.S. lifts ban on suppliers selling to China’s ZTE
(Reuters) – The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. FILE…