Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide

Aluminum producer Alcoa Corp lowered its forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018 on Wednesday, citing U.S. tariffs on imported aluminum ...

Canadian temporary tattoo start-up gets $10 million in funding

A Toronto-based start-up has secured $10 million in funding from venture capitalists to expand its operations in the temporary tattoo business, the company's chief executive officer said on Tuesday...

IBM gets boost from new businesses, tops estimates

International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cy...

EBay revenue misses as weak U.S. sporting season hits StubHub

EBay Inc missed analysts' estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underw...

Audit faults U.S. oversight of auto safety recalls, Takata inflators

A government audit released on Wednesday faulted the National Highway Traffic Safety Administration's oversight of auto safety recalls and said its "delayed action" may have delayed the expansion o...

U.S. proposes expedited appeal in fight with AT&T over Time Warner purchase

The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on We...

U.S. regulatory panel gives Zions Bancorp green light to shed Fed oversight

A top U.S. regulatory panel on Wednesday said it had preliminarily approved Zions Bancorp's petition to shed Federal Reserve oversight on the basis it is not systemically important to the U.S. fina...

Microsoft's focus on cloud, partnerships paying off

In the elevator industry, breakdowns are bad for business. ...

U.S. tariffs could raise auto prices by $83 billion: trade group

A group representing major automakers will tell the U.S. Commerce Department on Thursday that imposing tariffs of 25 percent on imported cars and parts would raise the price of U.S. vehicles by $83...

CITGO says CEO's U.S. visa has been revoked

Citgo Petroleum Corp [PDVSAC.UL], the U.S. subsidiary of Venezuelan state-run oil company PDVSA [PDVSA.UL], said on Wednesday that the U.S. visa of its President and Chief Executive Asdrubal Chavez...