Edition:
United Kingdom

Sonam Rai

Verizon takes billions in charges for Oath, voluntary buyouts

11 Dec 2018

Verizon Communications Inc said on Tuesday it will take a $4.6 billion charge related to its Oath media assets - which includes digital media sites Yahoo and AOL - and a severance charge of up to $2.1 billion for voluntary buyouts in the fourth quarter.

Broadcom earnings beat on strong demand for data centre products

07 Dec 2018

Broadcom Inc on Thursday reported quarterly revenue and profit above analysts' estimates, driven by strong demand for its enterprise storage and networking products from data centres, sending its shares up 5 percent in extended trading.

U.S. broadcaster Nexstar to buy Tribune Media for $4.1 billion

03 Dec 2018

Nexstar Media Group Inc said on Monday it had agreed to buy Chicago-based peer Tribune Media Company for about $4.1 billion in cash, a deal that would make it the largest regional U.S. TV station operator. | Video

Ad tech firm Trade Desk's revenue beats on international growth

08 Nov 2018

Trade Desk Inc on Thursday beat analysts' estimates for third-quarter revenue, as it added more international customers to its data-driven platform for targeted advertising campaigns.

Qualcomm forecast falls short as Apple sales disappear

07 Nov 2018

Qualcomm Inc forecast sales revenue for the holiday shopping quarter below analysts' estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc , sending its shares down 3.4 percent.

EBay beats quarterly profit on cost cut efforts, shares rise

30 Oct 2018

EBay Inc beat analysts' estimates for third-quarter profit by managing costs at a time when bigger rival Amazon.com Inc missed revenue estimates and forecast sales below expectations for the holiday quarter.

Weak Amazon, Alphabet results ignite growth worries

26 Oct 2018

Shares of Amazon.com Inc dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street's tech darlings are finally starting to face stronger competition. | Video

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