The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
industry@ (Adds details on transportation & industrial business, adjusted profit figures)
Aug 1 (Reuters) - Chemicals company DuPont posted lower-than-expected quarterly revenue on Thursday, hurt by weak demand for its product in the electronics and automotive industry as they face the fallout of a U.S.-China trade dispute.
The ongoing trade war between two of the world's largest economies and weak sales in the auto and smartphone end-markets hurts companies like DuPont, which makes chemicals and plastics used in those sectors.
The auto industry is DuPont's largest end market, accounting for about 15% of its total sales.
The company, the industrial chemicals business of conglomerate DowDupont until a split earlier this year, said volumes in its transportation and industrial segment had fallen 12%, blaming factors including weaker Chinese demand and continued de-stocking in both the automotive and electronics channels.
Sales from the segment fell 10.4% to $1.27 billion.
Adjusted for charges, the company reported profit of $725 million, or 97 cents per share, in the second quarter ended June 30 from $695 million, or 89 cents per share, a year before.
Revenue fell 6.6% to $5.47 billion, below analysts' estimates of $5.63 billion, according to Refinitiv IBES data. (Reporting by Nishara Karuvalli Pathikkal and Arathy S Nair in Bangalore; Editing by Anil D'Silva)