(Reuters) – Shares of Snap Inc sank as much as 22 percent to the lowest since its 2017 flotation on Wednesday, after first quarter numbers showed it losing confidence among users and advertisers due to a widely-panned redesign of Snapchat.
SEOUL (Reuters) – South Korean prosecutors are looking into U.S. activist fund Elliott Management to see whether it violated disclosure rules, local media reported on Wednesday.
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street, Warren Buffett is something quite different.
(Reuters) – U.S. stocks fell on Wednesday as caution set in ahead of the Federal Reserve’s regular policy statement, while strong results from Apple kept losses in check.
BEIJING (Reuters) – Chinese property speculators are starting to bet on a rapid improvement in relations between North Korea and the rest of the world, pushing up prices in the border city of Dandong and even spurring buying interest in the world’s most isolated country.
The head of Qatar Airways said Boeing’s 777X aircraft programme was experiencing delays, but he was sure that Boeing (BA.N) would catch up and deliveries of the jet would start on time in 2020. “Boeing I think is a couple of months behind schedule but there is still time and they will catch up,” Chief Executive Akbar al Baker told reporters on Wednesday. The 406-seat 777-9, the main model of a two-aircraft family known as 777X, aims to maintain Boeing’s grip on the ‘mini-jumbo’ market by leapfrogging Airbus’s (AIR.PA) 365-seat A350-1000, its European rival’s largest twin-engined jet. …read more […]
(Reuters) – United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods such as couches and treadmills, as the world’s largest package deliverer looks to cash in on one the fastest growing segments of online retail.
NEW YORK (Reuters) – U.S. mortgage applications fell last week as interest rates on some 30-year fixed-rate home loans reached their highest levels in more than 4-1/2 years, the Mortgage Bankers Association said on Wednesday.
(Reuters) – Shares of Apple Inc rose 3 percent on Wednesday after the company’s quarterly report and current-quarter iPhone sales forecast calmed investor nerves about a potential slowdown in sales of its flagship product.
(Reuters) – The S&P and Dow opened slightly lower on Wednesday as caution set in ahead of the Federal Reserve’s decision on monetary policy, while Apple’s 3.6 percent jump after results helped small gains on the tech-heavy Nasdaq.
(Reuters) – U.S. stock futures gave up earlier gains on Wednesday stemming from Apple’s forecast-beating results, as caution set in ahead of the Federal Reserve’s comments on inflation and monetary policy.
(Reuters) – Shares of Snap Inc fell 17 percent on Wednesday, a day after the Snapchat owner missed first-quarter user targets and said revenue growth would see a substantial slowdown in the current quarter as backlash over the app’s redesign kept advertisers at bay.
LONDON (Reuters) – Unilever defended its plan to move its headquarters to the Netherlands at what could be its last London annual general meeting on Wednesday, saying the decision had nothing to do with protectionism or Dutch takeover rules.
BRUSSELS (Reuters) – European Commission President Jean-Claude Juncker said on Wednesday the European Union will not accept threats in talks with the United States to secure a permanent exemption from U.S. import tariffs on steel and aluminum.
SEOUL (Reuters) – General Motors’ planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said on Wednesday.
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