(Reuters) -Netflix is restructuring its advertising partnership with Microsoft for its lower-priced ad-supported subscription plan and is also cutting ad prices, the Wall Street Journal reported on Thursday. The streaming company launched the $7-per-month plan with commercials last year in…
By Mariam Sunny (Reuters) -Laboratory Corp of America Holdings cut its annual profit forecast on Thursday following the spin off of its clinical development business, Fortrea. The lab operator has been struggling with a shortage of lab monkeys due to…
By Niket Nishant (Reuters) -Mastercard on Thursday reported a bigger-than-expected rise in second-quarter earnings helped by strong spending that helped the payments processor return to profit growth after a lukewarm start to the year. Customers, who had turned somewhat cautious…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -McDonald's said on Thursday that revenue growth was expected to moderate in the second half of the year as signs of easing inflation prompt the burger giant to temper menu prices. Shares…
By Abhirup Roy and Jarrett Renshaw (Reuters) -Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the U.S., in a challenge to Tesla and a bid to take advantage of Biden…
By Akash Sriram and Stephen Nellis (Reuters) -Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday. Microsoft…
By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) -General Electric Co on Tuesday raised its full-year profit outlook after quarterly earnings topped Wall Street estimates on robust demand for jet engine spare parts and services from airlines looking to cash…
By Medha Singh (Reuters) -Shares of retail traders' favorite AMC Entertainment Holdings soared on Monday after a U.S. court blocked the theater chain's stock conversion plan that risked diluting investors' holdings. A Delaware court judge said on Friday declined to…
By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday voted to pass legislation that would raise the mandatory commercial pilot retirement age to 67 from 65 and make other aviation reforms, with the Senate now set to…
By Hyunjoo Jin SEOUL (Reuters) - Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. "It does…
