[ad_1] (Reuters) – International Business Machines Corp (IBM.N) beat analysts’ estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud business. FILE PHOTO: A man stands near an IBM logo
Boeing to make $50 million in payments to 737 MAX crash victims’ families
[ad_1] WASHINGTON (Reuters) – Boeing Co (BA.N) said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of
EBay beats estimates as more shoppers flock to site, shares rise
[ad_1] FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach (Reuters) – EBay Inc (EBAY.O) beat Wall Street estimates for quarterly revenue and profit
U.S. money fund assets fall from 9-1/2-year peak – iMoneyNet
[ad_1] NEW YORK (Reuters) – U.S. money market fund assets retreated from their highest level in more than 9-1/2 years as their yields tumbled in the latest week, the Money Fund Report said on Wednesday.
Amazon under EU antitrust fire over use of merchant data
[ad_1] BRUSSELS (Reuters) – Amazon’s use of merchants’ data triggered an EU antitrust investigation on Wednesday, as regulatory concerns mount around the world on how tech giants exploit customer information to reinforce their market power.
U.S. Democrat urges USTR to respond to proposals on U.S.-Mexico-Canada trade deal
[ad_1] WASHINGTON (Reuters) – The U.S. House Ways and Means Committee’s Democratic chairman on Wednesday urged U.S. Trade Representative Robert Lighthizer to respond constructively to Democrats’ proposals to ensure their support for the U.S.-Mexico-Canada trade
U.S. housing market stuck in a rut despite lower mortgage rates
[ad_1] WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates. FILE PHOTO: Single
IMF sees dangers from trade tensions, overvalued dollar
[ad_1] WASHINGTON (Reuters) – The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan’s yen and China’s yuan were
Wipro tops profit forecast on demand from key clients
[ad_1] BENGALURU/MUMBAI (Reuters) – Indian software services exporter Wipro Ltd reported a 13% rise in first-quarter profit thanks to robust demand from financial clients and said its main information technology business could show modest growth
Oil prices regain little ground lost in previous session
[ad_1] LONDON (Reuters) – Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting U.S. crude inventories fell less than expected. FILE PHOTO: An oil pump is