SAP CEO Touts Growth in Cloud Business 
 

Business software maker SAP is seeing increases in cloud revenue that it plans to sustain with this year's $8 billion acquisition of market-analytics company Qualtrics, said Chief Executive Bill McDermott.

 
Novartis Raises Forecasts After Strong Sales Growth 
 

Swiss pharmaceuticals company Novartis raised full-year forecasts after strong sales growth in the second quarter.

 
AT&T Goes Deeper Into the Cloud With Microsoft Azure Deal 
 

AT&T struck a cloud deal with Microsoft Azure for the bulk of its operations, a day after moving its business service applications to IBM's cloud.

 
EBay Lifts Profit Outlook Amid Tepid Revenues 
 

EBay Inc. raised its profit outlook and notched better-than-expected quarterly results, but continued to show sluggish revenue growth.

 
Netflix Reports First Drop in U.S. Users in Nearly a Decade 
 

Netflix ended the second quarter with fewer subscribers than expected, an underwhelming performance that comes as a slew of rivals are about to enter the field of streaming services.

 
Facebook Pressed on Protections for Cryptocurrency Users 
 

House lawmakers questioned Facebook about how its cryptocurrency should be regulated and its plans to protect users, underscoring the political hurdles facing the company as it seeks to issue the digital cash called Libra.

 
Russia, Iran, North Korea Launch Hundreds of Cyberattacks on U.S. Political Groups, Microsoft Says 
 

Suspected nation-state hackers from Russia, Iran and elsewhere have launched nearly 800 cyberattacks against political organizations over the past year that have been detected by Microsoft, with the vast majority of the attempts targeting groups based in the U.S.

 
Mexico Spurns Private Oil-Drilling Partners 
 

Mexican President Andrés Manuel López Obrador effectively rolled back key parts of a 2014 constitutional overhaul that ended a state oil-industry monopoly and let private firms find and pump oil for the first time in seven decades.

 
Bank of New York Mellon's Revenue, Earnings Fall 
 

Earnings at Bank of New York Mellon decreased in the company's second quarter as fee revenue slipped 3% from the same period a year ago.

 
Lawsuit Against Whole Foods Is Thrown Out 
 

A federal judge threw out a suit accusing Whole Foods of overcharging for cheese and cupcakes, saying a New York City investigation wasn't sufficient proof the plaintiff had been ripped off.

(END) Dow Jones Newswires

July 18, 2019 03:00 ET (07:00 GMT)