Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
* Adjusted, organic EBITDA up 3.9 pct
Growth in all three divisions, led by United States
* Guidance for 2019 confirmed (Adds context on divisional performance, CEO comment)
FRANKFURT, May 9 (Reuters) - Deutsche Telekom reported a 4 percent gain in first-quarter core profits on Thursday as its U.S. unit T-Mobile again outperformed, and confirmed its revenue guidance for this year.
Europe's largest telecoms company reported adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) of 5.94 billion euros ($6.65 billion), just shy of the average in its own poll of analysts.
After adjustments, mainly for the impact of takeovers in Austria and the Netherlands and for changes in lease accounting, first-quarter EBITDA was ahead by 8.3 percent. On an organic basis, stripping out currency effects, EBITDA rose 3.9 percent.
T-Mobile US, which is in late-stage regulatory review of its $26 billion deal to buy Sprint, has already reported strong results, adding a net 1.65 million customers in the first quarter.
In the German home market, service revenues rose by 2.8 percent in the quarter as Telekom pushed "converged" products of fixed-line and mobile services. Its European markets stayed in positive territory after stripping out acquisition effects.
"We got off to a successful start to the year," Chief Executive Tim Hoettges said in a statement. "Deutsche Telekom has much more to offer than just our sensational success in the United States. We are seeing positive trends throughout the group."
Bonn-based Deutsche Telekom confirmed its forecast for full-year EBITDA of 23.9 billion euros and free cash flow of 6.7 billion.
($1 = 0.8938 euros)
(Reporting by Douglas Busvine; editing by Thomas Seythal and Rashmi Aich)