News Highlights: Top Company News of the Day
AT&T Goes Deeper Into the Cloud With Microsoft Azure Deal
AT&T struck a cloud deal with Microsoft Azure for the bulk
of its operations, a day after moving its business service
applications to IBM's cloud.
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
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
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.
(END) Dow Jones Newswires
July 17, 2019 23:00 ET (03:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.