Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, saying that minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-China trade dispute.
BEIJING China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit to above expectations.
Facebook Inc said on Monday it was raising its minimum wage for all U.S. contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay.
GoPro Inc raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13 percent.
SAN FRANCISCO, May 8 Intel Corp shares
declined 2.5 percent after executives gave their three-year
outlook at an investor day on the company's Santa Clara,
Sprint Corp on Tuesday reported deeper losses than feared of monthly phone subscribers despite discount offerings, raising concerns that the wireless carrier may not be sustainable if its pending merger with T-Mobile is not approved.
Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company's cash-depleted balance sheet.
Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines. | Video