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January 9, 2019 7:26 AM Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

(Reuters) - Apple Inc (AAPL.O), which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. That rare forecast cut exposed weakening iPhone demand in China, the world’s biggest smartphone market, where 174

January 8, 2019 4:16 PM Like Apple, Samsung Feels Sting of Slowed Global Economic Growth

(NEW YORK) — Samsung expects its quarterly operating profit to fall 29 percent compared with last year, potentially unsettling a tech sector already skittish about slowing global economic growth. The announcement from the South Korean computer chip and smartphone giant comes less than a week after a weak outlook from Apple Inc. jolted markets 170

December 21, 2018 9:01 PM Boeing heads for expected 2018 plane order victory over Airbus

SEATTLE (Reuters) - Boeing Co (BA.N) looked poised to beat European arch-rival Airbus for aircraft orders in 2018 by a wide margin after clinching billions of dollars in new business from Nigeria’s Green Africa Airways and Saudi Arabia’s flyadeal. The world’s largest planemaker had already notched 690 net airplane orders through end-November, the last full month 137

December 18, 2018 4:59 AM Beloved McDonald's worker in Australia retires after three decades

Russell O'Grady retired last week from working at a McDonald's in Northmead, Australia, about 30 minutes northwest of Sydney. (News Corp Australia) A man with down syndrome who 30 years ago offered hope to many with disabilities in Australia after securing a job at McDonald's announced his retirement from the fast-food chain in order to focus on his health 149

December 13, 2018 5:16 PM Delta Air Lines shares drop on weak revenue outlook

(Reuters) - Shares in U.S. carrier Delta Air Lines Inc (DAL.N) dropped 4 percent in Thursday morning trading on concerns that slowing global economies would limit the No. 2 U.S. airline’s revenue growth in 2019 despite strong travel demand. At its investor day, Atlanta-based Delta forecast a 4 to 6 percent rise in revenues, compared to an average 5.6 percent 122

December 4, 2018 8:37 AM Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. The labor union said some of the laid off workers were its members. The union is in Mie Prefecture in central 142

December 1, 2018 10:16 PM U.S. markets to close on Wednesday in honor of George H.W. Bush

WASHINGTON (Reuters) - Major U.S. markets will be closed on Wednesday in honor of former U.S. President George H.W. Bush. The New York Stock Exchange and Nasdaq will both close on Wednesday in observance of the National Day of Mourning after Bush’s death Saturday at the age of 94. Both the NYSE and Nasdaq will also observe a moment of silence at 9:20 a.m. ET on Monday 76

November 27, 2018 3:46 PM US consumer confidence slips in November but is still strong

FILE- In this Friday, Nov. 23, 2018, file photo, shoppers enter and take their shopping carts during a Black Friday sale at a Target store in Newport, Ky. On Tuesday, Nov. 27, the Conference Board releases its November index on U.S. consumer confidence. (AP Photo/John Minchillo, File) WASHINGTON – U.S. consumer confidence slipped this month but remains 87

November 7, 2018 1:54 AM Election Night in the US

Abrams trailing as they count the votes in Georgia governor's race White House press secretary Sarah Sanders offered a cautiously optimistic outlook as midterm results continued to roll in tonight. Sanders touted several of the early gains, particularly Indiana Senate GOP candidate Mike Braun's win and Kentucky Rep. Andy Barr's re-election, arguing that the President's 124

November 5, 2018 8:10 PM Oil mixed as U.S. imposes sanctions on Iran, Tehran defiant

NEW YORK (Reuters) - Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic. The sanctions are part of U.S. President Donald Trump’s effort to curb Iran’s missile and nuclear programs 103