(Reuters) – PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter.
With the prospect of a “blue wave” in the November elections, Republicans and Democrats appeared to have escaped embarrassment Wednesday after primaries across eight states. President Donald Trump cast the night as a win for Republicans. While some California contests remained too close to call, Republicans avoided disaster in the race for governor by nominating business executive John Cox to the November ballot. …read more […]
(Reuters) – Gains for Amazon and Tesla helped the Nasdaq open at a record high on Wednesday, before the index fell slightly as Facebook led a decline in the technology sector.
Former Cambridge Analytica CEO Alexander Nix allegedly withdrew more than $8 million from the British data firm before its collapse last month.The Financial Times, citing sources, reported that Nix took the cash shortly after media reports of Cambridge Analytica’s involvement in the Facebook data scandal.He is now in dispute with investors over returning the money, which was reportedly intended to help get successor data firm, Emerdata, off the ground.Nix told British lawmakers on Wednesday that the allegation in the FT article was “false.” …read more […]
NEW DELHI (Reuters) – India’s federal police will again ask AirAsia Group’s chief to appear for questioning over allegations the airline broke rules to obtain a flying license in the country, a source said on Wednesday, after he failed to answer a previous request.
(Reuters) – U.S. stock indexes opened higher on Wednesday, with electric carmaker Tesla and insurer United Health among the biggest drivers, while the tech-heavy Nasdaq inched to another record high.
(Reuters) – Tesla Inc shares rose 3.5 percent on Wednesday morning after Chief Executive Elon Musk said the car maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end of June.
(Reuters) – Healthcare software maker Athenahealth Inc said on Wednesday Chief Executive Officer Jonathan Bush has stepped down and the company would explore options, including selling itself.
WASHINGTON (Reuters) – Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing practices after the social media company said it had collaborated with at least four Chinese companies, including a smartphone maker that has raised U.S. security concerns.
WASHINGTON (Reuters) – The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
Given the outperformance of the technology sector in recent times, we suggest top 5 large cap tech picks that promise a winning portfolio. …read more […]
ZURICH (Reuters) – The Swiss attorney general’s office (OAG) said on Wednesday it will not bring proceedings against Novartis in connection with $1.2 million in payments the Swiss drugmaker made to U.S. President Donald Trump’s personal lawyer.
FRANKFURT (Reuters) – Volkswagen will discuss with workers in the coming days for how long it will shut production at its main plant in Wolfsburg in September due to the switch to new lab test standards WLTP, its chief executive told VW staff on Wednesday.
WASHINGTON (Reuters) – The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
LONDON (Reuters) – The euro rose to a 10-day high on Wednesday after hawkish comments from the European Central Bank, putting more upward pressure on bond yields and sinking some stocks as worries over Italy also weighed.
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