EBay Lifts Profit Outlook Amid Tepid Revenues
EBay Inc. raised its profit outlook and notched better-than-expected quarterly results, but continued to show sluggish revenue growth.
Netflix Reports First Drop in U.S. Users in Nearly a Decade
Netflix ended the second quarter with fewer subscribers than expected, sending shares sharply lower in after-hours trading.
Facebook Pressed on Protections for Cryptocurrency Users
House lawmakers questioned Facebook about how its cryptocurrency should be regulated and its plans to protect users, underscoring the political hurdles facing the company as it seeks to issue the digital cash called Libra.
Russia, Iran, North Korea Launch Hundreds of Cyberattacks on U.S. Political Groups, Microsoft Says
Suspected nation-state hackers from Russia, Iran and elsewhere have launched nearly 800 cyberattacks against political organizations over the past year that have been detected by Microsoft, with the vast majority of the attempts targeting groups based in the U.S.
Mexico Spurns Private Oil-Drilling Partners
Mexican President Andrés Manuel López Obrador effectively rolled back key parts of a 2014 constitutional overhaul that ended a state oil-industry monopoly and let private firms find and pump oil for the first time in seven decades.
Bank of New York Mellon's Revenue, Earnings Fall
Earnings at Bank of New York Mellon decreased in the company's second quarter as fee revenue slipped 3% from the same period a year ago.
Lawsuit Against Whole Foods Is Thrown Out
A federal judge threw out a suit accusing Whole Foods of overcharging for cheese and cupcakes, saying a New York City investigation wasn't sufficient proof the plaintiff had been ripped off.
Alcoa Warns of Weaker Aluminum Demand
Alcoa warned of weakening global demand for aluminum as it recorded its second consecutive quarterly loss.
IBM Revenue Lags as Cloud Pivot Remains a Challenge
International Business Machines reported another drop in quarterly revenue as Chief Executive Ginni Rometty struggles to remake Big Blue for the modern computing age.
Grandvision Confirms Takeover Approach by EssilorLuxottica
Grandvision confirmed that it has been approached about the possible sale of HAL Holding's 76.72% stake in the company to French eyewear giant EssilorLuxottica.