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China-us Trade War Hits Daimler Profit May Sweep Sector

FRANKFURT – German luxury carmaker Daimler (DAIGn.DE) cut its 2018 profit forecast, blaming a trade war between China and the United States and stricter pollution...

Daimler Sees Lower 2018 Profit Blames Trade War Emissions Clamp-down

FRANKFURT – Daimler (DAIGn.DE) on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales...

Microns Quarterly Results Forecasts Beat On Higher Chip Demand

– Micron Technology Inc’s (MU.O) third-quarter profit and current-quarter forecasts beat Street’s expectations, as the chipmaker benefited from a...

Micron Reports 40 Percent Jump In Quarterly Sales

– Chipmaker Micron Technology Inc (MU.O) reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers...

Telecom Italia Keen To Discuss Fiber-to-the-home Tie-up With Open Fiber

MILAN – Telecom Italia (TIM) is keen to discuss combining the Italian phone group’s fiber-to-the-home (FTTH) broadband assets with those of smaller rival...

Telecom Italia Keen To Discuss Fiber-to-the-home Tie-up With Open Fiber Ceo

MILAN – Telecom Italia (TIM) is willing to discuss a combination of the Italian phone group’s fiber-to-the-home broadband operations with that of smaller...

Fedex Profit Tops Wall Street Estimates Amid Trade War Worries

LOS ANGELES/NEW YORK – FedEx Corp (FDX.N) reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in...

Starbucks Closing Cafes Ceo Calls Performance Not Acceptable

– Starbucks Corp (SBUX.O) forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year...

Oracles Forecast Miss Overshadows Cloud Growth Shares Fall

– Oracle Corp’s (ORCL.N) forecast for current-quarter profit missed analysts’ expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening...

Starbucks To Close 150 Us Cafes To Combat Slowing Growth

– Starbucks Corp (SBUX.O) on Tuesday said it would close 150 cafes in some saturated U.S. markets and warned comparable sales globally this quarter would miss Wall...