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Monthly Archives: April 2018

Comcast earnings Q1 2018

David Paul Morris | Bloomberg | Getty Images Brian Roberts, chairman and chief executive officer of Comcast Corp. Comcast is slated to report first-quarter earnings before the bell on Wednesday. Here’s what Wall Street expects: Earnings per share: 59 cents, according to Thomson Reuters Revenue: $22.744 billion, according to Thomson …

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Facebook makes ex-FCC chairman its US public policy chief after data scandal

Kimberly White | Bloomberg | Getty Images Kevin Martin, former chairman of the Federal Communications Commission, and now interim head of U.S. public policy for Facebook. Facebook is shuffling around its senior leadership in the wake of increased regulatory scrutiny following the Cambridge Analytica data scandal. Erin Egan, the social …

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Iran pours scorn on nuclear talks, dismisses ‘tradesman’ Trump

Iranian Presidency |Anadolu Agency | Getty Images President of Iran Hassan Rouhani addresses during the cabinet meeting in Tehran, Iran on December 31, 2017. Iran’s president poured scorn on Wednesday on U.S. and European discussions over Tehran’s nuclear agreement, and dismissed Donald Trump as a “tradesman” who lacked the qualifications …

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Apple CEO Tim Cook will meet Donald Trump today

Zach Gibson | Bloomberg | Getty Images President Donald Trump, right, speaks as Tim Cook, chief executive officer of Apple Inc., listens during the American Technology Council roundtable hosted at the White House in Washington, D.C. Apple CEO Tim Cook will meet President Donald Trump Wednesday, according to an official …

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Credit Suisse delivers earnings beat after boost from wealth management unit

FABRICE COFFRINI | AFP | Getty Images A Swiss flag flies over a sign of Swiss bank Credit Suisse on May 8, 2014 in Bern. Swiss bank Credit Suisse posted a 57 percent rise in first-quarter pre-tax income Wednesday, beating analyst expectations amid an ongoing restructuring plan. Here are the …

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Police in Chinese city seize 600 computers used to mine bitcoin

Paul Ratje | The Washington Post | Getty Images A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday. “Eight …

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Jaguar Land Rover CEO on self-driving cars, electric vehicles

Source: Waymo Jaguar’s I-Pace SUV, modified with self-driving technology, will be used in Waymo’s ride-hailing fleet. “If we work together, also with the right cybersecurity system, then autonomous can be the future technology,” he added, noting that drivers are responsible for around 90 percent of road accidents globally. Besides autonomous …

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Caterpillar, Amazon are among the many big stocks reversing suddenly lower

Something strange is happening in the stock market as big stocks are reversing sharply lower after opening higher Tuesday. Thirty stocks in the S&P 500 dropped more than 5 percent from their opening prices with many of the names concentrated in the industrial and technology sectors. The industrial stocks’ decline …

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Hospital profitability sinks to levels not seen since financial crisis

The nation’s hospitals last year found themselves more cash-strapped than any time since the 2008 financial crisis and the outlook is not expected to get any better over the next year, according to new preliminary data from Moody’s Investors Service. At not-for-profit and public hospitals, median operating cash flow margins, …

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Trump plans to nominate Admiral Harry Harris as ambassador to South Korea ahead of North Korea summit: NBC News, citing sources

Toru Hana | AFP | Getty Images Commander of the US Pacific Command, Admiral Harry Harris President Donald Trump plans to nominate Admiral Harry Harris, commander of Pacific Command, to be the ambassador to South Korea, NBC News reported citing sources familiar with the situation. Harris had originally been the …

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