Category Archives: Stocks

VW, Robert Bosch agree to pay $1.55 billion to settle U.S. diesel claims

By David Shepardson | WASHINGTON Volkswagen AG (VOWG_p.DE) has agreed to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles to settle claims it fitted illegal emissions-cheating software to the cars,

Apple defies Wall Street with strong revival in iPhone sales

By Narottam Medhora and Stephen Nellis | SAN FRANCISCO Apple Inc reclaimed the throne as the world’s top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter

UPDATE 1-Brazil’s Fibria posts loss on currency, wood pulp prices

(Adds details of earnings, Horizonte 2 project) Jan 30 Brazil’s Fibria Celulose SA , the world’s largest eucalyptus pulp producer, posted a quarterly loss on Monday as weaker prices and a stronger local currency undermined its export-focused business. Fibria reported

Toshiba Asset Sales After Chips Spinoff Will Cut to the Bone

Toshiba Corp. is looking to sell more assets to repair a balance sheet facing multibillion-dollar writedowns. The conglomerate happens to have more than 600 different businesses, but raising cash from the firesale will be far from simple. While Toshiba’s two biggest enterprises

Hedging for Alphabet Earnings Is Costliest Since 2009: Chart

Hedging against a stock decline in Google parent Alphabet Inc. on the eve of its earnings report hasn’t been this expensive since 2009, even as implied volatility is lower than before previous releases. The options market is pricing in a one-day

Apple Set to Join Amazon, Google, Facebook in AI Research Group

Apple Inc. is set to join the Partnership on AI, an artificial intelligence research group that includes Inc., Alphabet Inc.’s Google, Facebook Inc. and Microsoft Corp. Apple’s admission into the group could be announced as soon as this week,

Oil producer Hess posts smaller-than-expected loss

U.S. oil producer Hess Corp (HES.N) posted a smaller-than-expected quarterly loss on Wednesday, helped by cost cuts, and executives forecast a rebound in activity this year as crude prices CLc1 edge higher. The cautiously optimistic outlook for 2017 comes as

Cisco to Buy Software Maker AppDynamics for $3.7 Billion

Cisco Systems Inc. agreed to acquire AppDynamics Inc. for $3.7 billion, snapping up the fast-growing software maker just before it planned to go public. Cisco, the world’s biggest maker of networking gear, will add AppDynamics’ software and services that help

Verizon earnings, subscriber additions fall short of estimates

By Anjali Athavaley and Aishwarya Venugopal Verizon Communications Inc’s (VZ.N) quarterly profit missed estimates and the No. 1 U.S. wireless carrier added fewer subscribers than anticipated in the fourth quarter as it struggles to fend off rivals in a maturing wireless

JP Morgan sees U.S. telecom sector consolidation, T-Mobile deal

U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump’s likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction