IBT Staff Reporter

63541-63570 (out of 154942)

Qualcomm boosts outlook but shares fall

Wireless chip maker Qualcomm Inc's third-quarter profit was better than expected and the company raised its guidance for the current quarter due to strong demand for smartphones.

Republican White House hopefuls debate on Twitter

Six Republican White House hopefuls unleashed a torrent of 140-character policy pronouncements on jobs, government debt and the Tea Party on Wednesday during the first presidential debate on Twitter.

ASEAN, China to Avoid Costly War in South China Sea

ASEAN countries and China say that meetings at a recent ASEAN forum resulted in the establishment of more specific guidelines on how to deal with the South China Sea dispute that has mounted over the past few months.

EBay's PayPal going offline, targets big retailers

EBay Inc's PayPal business has become one of the largest online payment systems, but its now heading offline, Chief Executive John Donahoe said in the wake of the e-commerce company's quarterly results on Wednesday.

Intel expects solid quarter, beats Street

Intel Corp's quarterly results and revenue forecast trumped Wall Street's expectations but its stock gave ground as investors continued to question the strength of the PC market.

Amazon adds streaming video from CBS

Amazon.com Inc has licensed thousands of television shows from CBS Corp to help the largest Internet retailer compete with DVD rental and video streaming company Netflix Inc.

Competition pushing rates down for cyberinsurance

Rates for cybersecurity insurance edged lower in the last few months despite surging demand, as heavy competition brewed among insurers rushing into the market in search of the next profitable product, insurance brokers Marsh said on Wednesday.

EU warns of economic damage if Greece summit fails

EU leaders must find a convincing solution to Greece's debt crisis at a summit on Thursday or the global economy will pay the price, the head of the European Commission said in an unusually somber warning.

Apple rolls out new Macs, shares set record

Apple Inc shares flirted with a record $400 on Wednesday, a day after the world's most valuable technology company posted blockbuster results and triggered a spate of brokerage upgrades.

High cancellations depress homes sales

Sales of previously owned U.S. homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve.

EBay shares dip on acquisition costs, profit view

EBay Inc on Wednesday reported that its second-quarter results were dented by acquisition costs, and the e-commerce company forecast third-quarter profit just below analyst forecasts, sending shares 1 percent lower.

Bank regulator defends power over states

The agency that regulates national banks issued a final rule on Wednesday rejecting claims that it is seeking to keep too much power to block states from enforcing consumer laws over large banks.

EBay quarterly results top analyst estimates

EBay Inc reported better-than-expected quarterly results on Wednesday as the company's main online Marketplace business showed signs of a turnaround and its PayPal unit continued to grow quickly.

Intel expects solid Q3

Intel Corp's quarterly revenue forecasts trumped Wall Street's expectations, defying investors' concerns about slowing personal computer sales and buoying its shares.

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