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Broadcom to supply wireless components to Apple

14 min ago

Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.

S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus

23 min ago

The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.

Coronavirus fears weigh on global equity markets

33 min ago

The biggest tumble in Chinese stocks in more than eight months led global equity markets lower on Thursday as concern mounted about the coronavirus outbreak in China.

Intel forecasts 2020 revenue above estimates, shares rise 7%

39 min ago

Intel Corp forecast full-year revenue above analysts' estimates on Thursday after beating fourth-quarter earnings expectations, powered by its closely watched data center and PC chips businesses, sending its shares up nearly 7%.

Insys founder Kapoor sentenced to 66 months in prison: judge

41 min ago

Insys Therapeutics founder John Kapoor was sentenced to 66 months in prison for his role in an opioid fraud scheme by a U.S. district judge in Boston on Thursday.

Bank regulator charges ex-Wells Fargo executives for role in sales scandal

47 min ago

Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's three-year sales practices scandal.

Ex-Wells Fargo executives face civil charges, multimillion-dollar fines from U.S. bank regulator

47 min ago

A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank's long-running sales practices scandal.

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues

47 min ago

The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.

Goldman Sachs to companies: Hire at least one woman director if you want to go public

48 min ago

From June 30, Goldman Sachs Group Inc will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, Chief Executive David Solomon said on CNBC on Thursday.

U.S. regulator to review recommendation on Fiat Chrysler's Jeep complaint against Mahindra

50 min ago

A U.S. regulator said it will review part of a recommendation made last fall that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles' Jeep SUV design.

Xerox nominates new HP board after buyout rebuffs

51 min ago

Xerox Holdings Corp said on Thursday it plans to nominate 11 independent candidates to HP Inc's board, seeking to take control of the personal computer maker after several rejections of its $33.5 billion buyout offer.

Amazon asks court to pause Microsoft's work on Pentagon's JEDI contract

53 min ago Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.

Oil falls 2% as specter of China virus threatens fuel demand

1 hour ago

Oil prices fell 2% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.

Dollar up vs euro as ECB holds rates steady, launches review

1 hour ago

The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.

American, Southwest say demand helping competitors while 737 MAX sits parked

1 hour ago

Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding.

Exclusive: Guyana opening search for oil firm to trade its crude - official

2 hours ago

Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.

French investigators to move ahead with Ghosn prosecution over palace party

3 hours ago

French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer.

JetBlue shares jump after airline surpasses cost-cutting target

3 hours ago

JetBlue Airways Corp said on Thursday it had shaved $314 million from its cost base over the past three years, delivering on a cost-cutting drive designed to enable budget-friendly airfares over the next decade.

S&P Global places Boeing's rating on credit watch negative

3 hours ago

S&P Global Ratings on Thursday placed Boeing Co's 'A-' credit rating on 'credit watch' with negative implications, citing a rise in costs and cash outflows at the U.S. planemaker due to a further delay in the grounded 737 MAX's recertification.

Jeep, Suzuki models found to have broken EU emissions rules

3 hours ago

Fiat Chrysler's Jeep Grand Cherokee and Suzuki's Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday.