President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
The New York-based company, whose shows include "Big Bang Theory" and "NCIS" reported strong results as it and Viacom, which are both controlled by Sumner Redstone and his daughter Shari, have begun tough negotiations over price and management of a combined company.
Shares of the company were slightly higher in after-hours trading.
CBS executives declined to comment on merger talks with Viacom on the analyst call Thursday, and Chief Executive Leslie Moonves was upbeat about the company's ability to continue to grow based on its current strategy of increasing revenue outside of advertising.
"The strategy that we have laid out for you is clearly working and the good news is that there is much more to come," Moonves said on the call.
The owner of the most-watched U.S. television network said affiliate and subscription fees revenue which includes revenue from cable and satellite TV operators and from online streaming providers, including its own All Access offering rose 16.3 percent in the first quarter.
More than two-thirds of subscribers to CBS' online streaming offerings are electing to pay more for the services to watch them without ads, said CBS Chief Operating Officer Joseph Ianniello, on the call.
"This number should only increase," he said, which should help reduce dependence on advertising for revenue.
Advertising revenue rose 8.1 percent to $1.73 billion and CBS executives said they expected continued growth in advertising beyond 2018.
CBS reported net income from continuing operations of $511 million, or $1.32 per share, in the first quarter ended March 31, up from $454 million, or $1.09 per share, a year earlier.
Excluding one-time items, CBS reported a profit of $1.34 per share, beating analysts' average estimate of $1.19, according to Thomson Reuters I/B/E/S.
CBS said revenue rose 12.5 percent to $3.76 billion. Analysts on average had expected revenue of $3.64 billion.