Apple Sales Hit Quarterly Record as iPhone Business Rebounds
Apple reported record revenue for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new AI tools.
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company's rosy sales forecast sent shares up about 10% after hours.
Amazon Earnings Rise on Robust Demand Amid AI Excitement
The tech company has been investing in cloud-computing infrastructure in response to anticipated demand from AI.
Ford Motor to Pause F-150 Lightning Production for Several Weeks
The automaker said it would idle the assembly factory that makes the battery-powered truck from mid-November to Jan. 6.
Meta's Use of Financial Data May Violate Consumer Finance Law, Watchdog Says
The Consumer Financial Protection Bureau is considering taking action against Facebook parent Meta Platforms over its use of financial data from third parties, a move that would extend the agency's oversight into a new industry.
Comcast Considers Spinning Off Cable Networks Such as MSNBC, CNBC, Bravo
The cable and entertainment company also said it will consider partnerships in streaming as it posted a jump in third-quarter revenue fueled by its media businesses.
TGI Fridays Nears Bankruptcy Filing
Casual-dining stalwart has dealt with slowing sales; a deal to purchase the company fell through earlier this year.
Blue Owl Bets on Acquisitions to Boost Growth Prospects
The private-credit and real-estate investor in recent months bought four businesses in deals totaling about $2.5 billion.
'Jeopardy!' and 'Wheel of Fortune' at Center of Legal Feud Between Sony and CBS
Sony alleges that CBS, which distributes the shows, has hurt profitability for the franchises.
Universal Music Revenue Beats Forecasts Amid Subscriptions Boost
Universal Music Group posted higher revenue after growth from subscriptions and streaming services exceeded analysts' expectations.
(END) Dow Jones Newswires
October 31, 2024 17:00 ET (21:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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