Bloomberg Intel Corp. Chief Executive Officer Bob Swan gave new long-term forecasts that indicate the chipmaker’s growth will remain stalled. His comments, during his first investor event as CEO, sent shares down 2.5% at the close of trading in New York. Intel last month said sales will decline in 2019 and it reduced forecasts for profit and revenue in the ...

Bloomberg Walt Disney Co.’s quest to become a digital-streaming giant will be an expensive endeavour, but the company can handle it. That’s the message of its latest earnings report, which exceeded Wall Street estimates and sent the shares up as much as 2.4% in late trading. Though profit fell 13% in the fiscal second quarter, that was better than what ...

Bloomberg Malfunctioning machines and hundreds of arrests for suspected vote buying are disrupting the Philippines’ midterm elections, with polling down to its final hour. Philippine President Rodrigo Duterte is poised for a majority win in both houses of Congress, even with slowing economic growth and controversial policies including a deadly drug war. Over 18,000 government positions are up for grabs ...