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.

 
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.

 
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.

 
Alcoa Warns of Weaker Aluminum Demand

Alcoa warned of weakening global demand for aluminum as it recorded its second consecutive quarterly loss.

 
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.

 
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.

 
Boeing Hires Kenneth Feinberg to Handle 737 Max Claims

The aircraft manufacturer has hired victim-compensation attorney Kenneth Feinberg to distribute $50 million to families who lost relatives in two crashes involving its 737 MAX planes.

 
China's Didi Seeks Up to $2 Billion as Ride-Hailing Firms Want Investors to Fund Growth

Chinese ride-hailing company Didi Chuxing Technology is looking to raise fresh funds from investors, the latest sign that firms in the sector are eager to raise money to fuel investments while posting steep losses.

 
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.

 
Omnicom Defends Its Data Strategy After Rivals Make Big Deals

Omnicom Group Inc. continued to justify its decision to rent data services instead of making large acquisitions, a sign that the ad holding company will continue to swim against the tide of its competitors.

(END) Dow Jones Newswires

July 17, 2019 19:15 ET (23:15 GMT)

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