The slump wiped about $3 billion (2.3 billion pounds) from the microblogging site’s market valuation, which had stood at about $35 billion (26.5 billion pounds) on Friday. Twitter shares were last down 8.6 percent at $42.62. Twitter declined to confirm the figures reported by the Washington Post. …read more […]
TRENTON, N.J. (AP) — In a story July 6 about Teva Pharmaceuticals moving its U.S. headquarters to New Jersey, The Associated Press erroneously reported the amount in tax credits the firm is receiving. The state’s Economic Development authority approved about $40 million in credits over 10 years, not about $4 million in total credits over that period. …read more […]
A federal appeals court on Monday upheld Volkswagen’s $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016.
Shares of Twitter Inc fell 9 percent on Monday after a report said the social media company had suspended more than 70 million fake accounts in May and June, which could lead to a decline of monthly active users in the second quarter.
Dan Gilbert runs an empire. He makes many of his public appearances as the billionaire owner of the NBA’s Cleveland Cavaliers, but he’s also the chairman and founder of Rock Ventures, his holding company for over 100 businesses, including the Cavs, the real-estate company Bedrock that’s transforming downtown Detroit, and the company that first brought him major success, the mortgage lender Quicken Loans. …read more […]
U.S. stocks rose on Monday, with banking and industrial shares driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns.
The official heading the Thai cave rescue operation says the four boys brought out of the flooded cave by divers on Monday are “safe and conscious” and now in a hospital. Chiang Rai acting Gov. Narongsak Osatanakorn also told a news conference that Monday’s operation, which was the second day of a high-stakes rescue effort, took less time than Sunday’s because of the experience accumulated and more people involved. An aide to the Thai Navy SEAL commander says four boys were brought out of the flooded cave in northern Thailand on Monday and the ongoing rescue operation is …read more […]
A shareholder of planemaker Embraer SA filed a complaint with Brazil’s securities regulator against a planned takeover of its commercial aircraft arm by Boeing Co , newspaper Valor Econômico reported on Monday.
Sterling slid on Monday after the resignation of the British foreign minister heaped pressure on Prime Minister Theresa May, but its losses were expected to be contained unless a full-blown leadership challenge materialized.
Twitter Inc.’s stock is trending, and it’s not up for sure. Traders fear that Twitter Inc.’s decision to suspend more than one million fake accounts per day will haunt the social platform’s number of monthly active users, sending the stock down as much 8.2 percent Monday as of 10:44 a.m. The share drop follows Friday’s post-market when the Washington Post that said the company’s rate of account suspensions has more than doubled since October 2017. The “volume of fake account deletion, albeit good for longer term, raises uncertainty on near-term user growth expectations,” wrote Bloomberg Intelligence analyst Jitendra …read more […]
Tesla Inc has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions.
Former Starbucks chairman hints toward a partnership with Alibaba. Meanwhile, it announced that it will get rid of plastic straws by 2020. Yahoo Finance’s Alexis Christoforous, Rick Newman and Melody Hahm break down the details. …read more […]
While most energy stocks have been red-hot this year thanks to higher oil prices, some have surprisingly gone in the opposite direction. …read more […]
The utility’s ability to execute its growth plans has become increasingly uncertain this year. …read more […]
Citigroup Inc is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around. While big rivals grew deposits dramatically after the 2007-2009 financial crisis from their broad networks of branches, Citigroup backed out of all but six U.S. cities and closed one-third of its branches. Executives hope it can lure deposits without opening new branches, acquiring a rival or beating competitors’ rates – three ways to collect deposits with their own costs and risks. …read more […]
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