Reuters - Business Today

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Wednesday, May 3, 2017

'Kong', 'LEGO Batman' success drives Time Warner's profit beat

(Reuters) - Time Warner Inc , which is being bought by AT&T , reported a better-than-expected quarterly profit, helped by the success of its movies "Kong: Skull Island" and "The LEGO Batman Movie" in the first quarter.

Taco Bell serves up strong growth for Yum Brands; shares rise

(Reuters) - Yum Brands Inc reported a higher-than-expected quarterly profit as strong sales of tacos and nachos, including the recently launched Naked Chicken Chalupa, at its Taco Bell restaurants drove global same-store sales growth.

U.S. private sector adds 177,000 jobs in April: ADP

(Reuters) - U.S. private employers added 177,000 jobs in April, slightly above economists' expectations, a report by a payrolls processor showed on Wednesday.

Consumer demand fears knock global stocks, dollar up before Fed decision

LONDON (Reuters) - Falls in iPhone and U.S. car sales helped beat European stock markets back from 20-month highs on Wednesday while the dollar inched up as investors priced in a greater chance of further tightening of U.S. monetary policy next month.

Buffett to face big crowd as Berkshire grows bigger

(Reuters) - As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett.

Uber in U.S. court reckoning on possible shutdown of self-driving program

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber's growth strategy.

Mobileye sees income from maps before self-driving cars launch

TEL AVIV (Reuters) - Mobileye's mapping program for self-driving cars will start making money long before fully autonomous vehicles hit the roads, its chairman told Reuters, as carmakers can use the technology for a variety of semi-autonomous driving features.

New York Times swings to profit as digital subscriptions rise

(Reuters) - The New York Times Co swung to a quarterly profit from a loss a year earlier, as the newspaper publisher benefited from higher digital subscriptions that offset falling print sales.

Oil rebounds from near 2017 lows on falling U.S. crude stocks

LONDON (Reuters) - Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in U.S. crude stocks, reviving bullish sentiment about easing oversupply.

Carlyle results blow past forecasts, aided by stock rally

NEW YORK (Reuters) - Private equity firm Carlyle Group LP posted first quarter earnings that handily beat expectations on Wednesday, in line with its peers, after a buoyant stock market lifted investment returns across the industry.