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Category : Business (Archive for 2018-04-27) News by Google
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Washington Post
Amazon doubles its profit — and hikes Prime membership by $20
Washington Post
Amazon.com on Thursday said profits more than doubled to $1.6 billion in the first quarter, sending shares of its stock soaring to an all-time high. The company's fast-growing advertising and cloud businesses drove much of its growth, and contributed ...

Reuters
Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week - sources
Reuters
(Reuters) - U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday ...

CNBC
Ford is basically giving up on US car business, and GM is not far behind
CNBC
Ford's plan to reduce its passenger car lineup to just two models, and GM's difficulty selling passenger cars in the U.S. show how much tastes are drifting toward trucks, SUVs and crossovers. Ford will only update the Focus Active crossover and Mustang ...

Wall Street Journal
Microsoft Rides Cloud Strength and Signals More to Come
Wall Street Journal
Microsoft Corp. MSFT 2.11% extended its streak of wins in the latest quarter and signaled further strength in the months ahead as the software giant moves into an era where its venerable Windows franchise plays a supporting role to its burgeoning cloud ...

Reuters
Southwest Airlines expects bookings to drop after deadly explosion
Reuters
(Reuters) - Southwest Airlines Co (LUV.N) on Thursday warned the consequences of a mid-air engine explosion last week will weigh on second-quarter bookings, as investigators continued to probe the events that led to the first passenger death in the ...

CNNMoney
Pepsi vs. Coke -- the new cola wars are here
CNNMoney
Pepsi reported its latest results Thursday. And even though it acknowledged "challenges" in its US soda business, Pepsi posted solid sales growth in North America from Lipton and Pure Leaf, LifeWTR and Kevita kombucha and probiotic cleansing drinks ...

CNNMoney
Here's why Subway could close another 500 restaurants
CNNMoney
Fast food sandwich chain Subway expects to close about 500 stores in North America this year. But it's also hoping to open as many as 1,000 stores overseas. The company has 44,000 locations globally -- more than any other retailer. The National Retail ...

Financial Express
Intel shares surge 7% on earnings beat, strong outlook
MarketWatch
Intel Corp. shares rallied in the extended session Thursday after the chip maker's quarterly results and outlook topped Wall Street estimates and sales to data centers came in stronger than expected. Intel INTC, +3.25% shares rallied 7% after hours ...

Hollywood Reporter
Is MoviePass Already Ending the Idea of 30 Tickets for the Price of One?
Hollywood Reporter
7:24 AM PDT 4/26/2018 by Paul Bond , Pamela McClintock. FACEBOOK; TWITTER; EMAIL ME · PRINT; COMMENTS. iStock. The subscription service famous for supplying a movie ticket per day for just $9.95 a month hasn't been offering that wildly popular package ...

Washington Post
MGM sets August opening date for Massachusetts casino
Washington Post
BOSTON — The fate of Wynn's glitzy Boston-area casino may still be up in the air, but rival MGM says it is on track to open the first Las Vegas-style casino resort in Massachusetts sooner than expected. MGM Resorts International is now targeting Aug ...

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