Company news in brief
Retailers set sights on Facebook, Google ad revenue
People with hay fever hate dust. That was the premise of a marketing drive launched by British vacuum cleaner maker Dyson with US retailer Target Corp.
Using data about its customers' shopping habits, Target homed in on shoppers who likely had allergies and showed them ads for Dyson's cordless V6 vacuum on social media and Target's website. The result: sales for the vacuums doubled among shoppers who regularly purchase anti-allergy treatments and products such as Claritin or humidifiers on Target.com and in stores.
-Nampa/Reuters
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Visa tops profit estimates
Visa Inc, the world's largest payments network, topped analysts' estimates for third-quarter profit on Wednesday, as an expanding US economy encouraged more people to spend using their credit and debit cards.
Total payments volume rose 11% to US$2.10 trillion, on a constant dollar basis, with the United States - its largest market - comprising about 44% of the total.
-Nampa/Reuters
PayPal quarterly profit beats estimates
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts' estimates, but its forecast for third-quarter revenue came up short.
Net income rose to US$526 million, or 44 cents per share, in the second quarter, from US$411 million, or 34 cents per share, a year earlier. Revenue rose to US$3.86 billion from US$3.13 billion.
-Nampa/Reuters
Ford cuts 2018 profit forecast
Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to US$11 billion over the next three to five years.
Ford, the No. 2 US automaker, also postponed a meeting with investors that was scheduled for September. The company said it would be rescheduled when “more specifics can be shared on global redesign and restructuring.”
-Nampa/Reuters
Qualcomm's NXP offer deadline passes
The deadline for Qualcomm Inc to buy NXP Semiconductors passed at midnight US eastern time without any word on Chinese regulatory approval, likely shutting the door on a deal embroiled in a bitter US-China spat.
Qualcomm had said earlier in the day that it would drop its US$44 billion bid for NXP - the world's biggest semiconductor takeover - unless it received a last minute reprieve. If the deal is terminated, Qualcomm will pay a US$2 billion deal breakup fee to NXP no later than 09:00 ET on July 26.
-Nampa/Reuters
People with hay fever hate dust. That was the premise of a marketing drive launched by British vacuum cleaner maker Dyson with US retailer Target Corp.
Using data about its customers' shopping habits, Target homed in on shoppers who likely had allergies and showed them ads for Dyson's cordless V6 vacuum on social media and Target's website. The result: sales for the vacuums doubled among shoppers who regularly purchase anti-allergy treatments and products such as Claritin or humidifiers on Target.com and in stores.
-Nampa/Reuters
?
Visa tops profit estimates
Visa Inc, the world's largest payments network, topped analysts' estimates for third-quarter profit on Wednesday, as an expanding US economy encouraged more people to spend using their credit and debit cards.
Total payments volume rose 11% to US$2.10 trillion, on a constant dollar basis, with the United States - its largest market - comprising about 44% of the total.
-Nampa/Reuters
PayPal quarterly profit beats estimates
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts' estimates, but its forecast for third-quarter revenue came up short.
Net income rose to US$526 million, or 44 cents per share, in the second quarter, from US$411 million, or 34 cents per share, a year earlier. Revenue rose to US$3.86 billion from US$3.13 billion.
-Nampa/Reuters
Ford cuts 2018 profit forecast
Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to US$11 billion over the next three to five years.
Ford, the No. 2 US automaker, also postponed a meeting with investors that was scheduled for September. The company said it would be rescheduled when “more specifics can be shared on global redesign and restructuring.”
-Nampa/Reuters
Qualcomm's NXP offer deadline passes
The deadline for Qualcomm Inc to buy NXP Semiconductors passed at midnight US eastern time without any word on Chinese regulatory approval, likely shutting the door on a deal embroiled in a bitter US-China spat.
Qualcomm had said earlier in the day that it would drop its US$44 billion bid for NXP - the world's biggest semiconductor takeover - unless it received a last minute reprieve. If the deal is terminated, Qualcomm will pay a US$2 billion deal breakup fee to NXP no later than 09:00 ET on July 26.
-Nampa/Reuters
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