Business

T-Mobile as well as Sprint are aiming to clinch a deal as early as next week: Reuters, citing sources

U.S. wireless carriers T-Mobile US Inc TMUS.O as well as Sprint Corp S.N have made progress in negotiating merger terms as well as are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. T-Mobile majority-owner Deutsche Telekom DTEGn.DE as well as Japan’s SoftBank Group Corp 9984.T, which controls Sprint, are ...

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Boeing Earnings Q1 2018 crush estimates

Faster production helped Boeing deliver even more airplanes within the first quarter, boosting profits in addition to bringing the company a step closer to its long-term goals for manufacturing efficiency. The strong start to 2018 enabled the aerospace giant to raise its full-year earnings forecast by 50 cents, to a range of $16.40 to $16.60 per share, while maintaining its ...

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AI could lead to a nuclear war by 2040, RAND Corporation warns

The researchers pointed to a nuclear false alarm incident in 1983 as a cautionary tale for the post-Cold War development of AI. In 1983, former Soviet military officer Stanislav Petrov spotted a warning via computers in which the U.S. had launched several missiles. The warning was wrong, as well as Petrov, who died late last year, has been credited since ...

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BA, CMCSA, TWTR, ANTM, VIAB & more

Check out the companies generating headlines before the bell: Boeing – The jet maker earned an adjusted $3.64 per share for the first quarter, easily beating the $2.58 consensus estimate. Revenue beat the Street as well, as well as Boeing also raised its full-year forecast. Comcast – The NBCUniversal as well as CNBC parent formalized a $31 billion offer for ...

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First quarter pretax profit of $2.4 billion

much better income at its investment bank helped Barclays report a better than expected first quarter pretax profit of 1.7 billion pounds ($2.4 billion) on Thursday, although fines as well as legal costs through historic misconduct issues led to a statutory loss. Barclays took a 1.4 billion pound hit through its settlement with the U.S. Justice Department over the sale ...

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Nintendo expects 27% annual profit jump on strong Switch sales

Japan’s Nintendo Co Ltd said on Thursday which expects operating profit to rise 26.7 percent within the year through March to a nine-year high, as its Switch games console maintains sales momentum in its second year. Nintendo estimated profit to reach 225 billion yen ($2.06 billion) through 177.56 billion yen a year prior. If achieved, which could be Nintendo’s highest ...

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UK AI industry gets $1.4 billion investment via global tech industry

A group of international tech firms along with venture capitalists injected almost £1 billion ($1.4 billion) into the U.K.’s artificial intelligence (AI) industry on Thursday. The deal was backed by Japanese venture capital firm Global Brain, Canadian venture capital firm Chrysalix, U.K. automaker Rolls-Royce, the British government along with some other investors. The investment will be used to fund brand ...

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I am ready to talk about future with Elaine Wynn

Ethan Miller | Getty Images Former Wynn Resorts’ CEO Steve Wynn at the Venetian Las Vegas on September 30, 2014. After the allegations surfaced, the stock took an immediate hit however has since recovered. Maddox has claimed he had no prior knowledge of sexual misconduct complaints against Steve Wynn. Since taking over the helm of the company, Maddox said Wednesday ...

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