Ericsson books $687M charge for Q4

Source: Dukascopy Bank SA
Sweden's Ericsson stated it would book a $687M charge for the Q4, as the company was reconsidering its Digital Services strategy to protect the profitability targets.
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Thu, 10 Jan 2019 16:20:47 GMT

Foxconn revenue hits 10-month-low in December

On Thursday, Apple's key supplier Foxconn reported an 8% drop in the company's December revenue, first time in ten months, tumbled due to a lower demand for electronics.

Thu, 10 Jan 2019 15:23:17 GMT

Macy's shares drop as firm cuts holiday sales estimates

On Thursday, Macy's trimmed its comparable sales estimates by 2% for the Christmas period quarter, compared to the previous forecast of 2.3-2.5% and sending the company's shares down 16% in premarket trading.

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