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Qualcomm results fall as Apple withholds royalties

2017-07-20 08:23:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported lower results for its fiscal third quarter to June, hurt by its dispute over licensing payments from Apple. Revenues fell 11 percent year-on-year to USD 5.4 billion, and net profit was down 40 percent to USD 0.9 billion or 58 cents a share. The results are in line with the chipmaker's reduced guidance, issued in late April after Apple's contract manufacturers stopped paying royalties. The lack of information from these customers meant Qualcomm did report figures on device shipments for the quarter.

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Oil prices fall on rising US stocks and OPEC output

2017-07-19 01:00:00| Offshore Technology

Oil prices have fallen after reports of an increase in US crude stocks and continuous higher output from OPEC producers despite the ongoing output-cut deal.

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Oil prices improve over signs of fall in US output

2017-07-17 01:00:00| Offshore Technology

Oil prices have improved due to reports of a slowdown in the growth of rigs in the US, along with strong refinery demand from China.

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John Bernecker: Walking Dead stuntman dies in fall

2017-07-14 19:57:54| BBC News | Business | UK Edition

John Bernecker died of injuries sustained while filming the zombie TV series in Georgia.

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FTSE 100 opens lower as AstraZeneca shares fall further

2017-07-14 09:50:20| BBC News | Business | UK Edition

Shares in AstraZeneca fall for a second day on reports its chief executive is to leave the company.

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