Business

SoftBank Group nine-month net profit down nearly 70%

Major Japanese technology investor SoftBank Group said Wednesday its net profit plunged nearly 70 percent for the nine months to December as investments in sharing economy companies including WeWork and Uber took a hit.

Other

FAA puts out a call for pilots to test changes in Boeing jet

Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making to the flight-control software on the grounded 737 Max jet, according to two people briefed on the situation.

Business

Baidu Q2 revenue beats expectations but profit drops

Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit.

Business

Tencent Q2 earnings beat estimates on gaming growth

Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.

Automotive

Ferrari sales, profits accelerate

Luxury sports carmaker Ferrari beat analyst expectations on Friday as sales and profits accelerated in the second quarter despite the global auto market hitting the brakes.

Business

Verizon adds more cellphone customers; profit slips

Verizon's net income fell in the second quarter but a key earnings measure topped analyst expectations as the country's largest cellphone company added more wireless customers.

Automotive

BMW profits dented by electric vehicle investment costs

German high-end carmaker BMW on Thursday reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets.

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