(Reuters) - EBay Inc (EBAY.O) beat Wall Street estimates for quarterly revenue and profit on Wednesday, as efforts to make its platforms easier to navigate attracted more customers, coupled with growth in its advertising and payments businesses. The company’s shares rose nearly 7% to $41.60
(Reuters) - Bank of America Corp (BAC.N) lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. Rate trends have prompted the bank to
(Reuters) - Netflix Inc (NFLX.O) said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging. The video streaming pioneer said in March that it was testing a 250 rupee ($3.63)
OAKLAND, Calif. (Reuters) - After a 19-year legal struggle, three former makers of lead paint have agreed to a $305 million settlement with California county and city governments to mitigate poisoning dangers still present in old housing. Under the deal, disclosed in a filing in
WASHINGTON (Reuters) - Boeing Co 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 those killed, with compensation expert Ken Feinberg hired by the world’s largest
(Reuters) - U.S. stock indexes retreated for the second day on Wednesday as weak results from CSX Corp pressured railroad stocks and highlighted the wide-ranging impact of the protracted trade war between the United States and China. Shares of CSX (CSX.O) tumbled 10.7% and were
FRANKFURT (Reuters) - The Qatari-backed lawyer tasked with trying to draw a line under Deutsche Bank’s (DBKGn.DE) regulatory scandals has risen rapidly at the German bank, jumping to the management board after three years as a “sparring partner” on the bank’s supervisory body. Deutsche Bank
NEW YORK (Reuters) - Oil futures fell on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Brent crude futures slipped 24 cents to $64.11 a barrel by 12:48 p.m. EDT
LONDON (Reuters) - Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds. U.S. President Donald Trump renewed his
TOKYO (Reuters) - Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected. West Texas Intermediate crude futures were up by 12 cents, or
