U.S. stocks opened lower on Thursday as worries over a global slowdown were rekindled after the European Union cut its economic growth forecasts, while a slew of dismal quarterly reports also added to woes.
Twitter Inc said on Thursday revenue in the first quarter would be weaker than expected while full-year operating costs would rise, sending shares down more than 7 percent in premarket trading.
Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group’s shares 12 percent higher.
The number of Americans filing applications for unemployment benefits dropped from near a 1-1/2-year high last week, pointing to sustained labor market strength that should continue to underpin the economy.
Twitter Inc forecast first-quarter revenue that was below analyst estimates on Thursday and said the number of users fell in the fourth quarter, sending its shares down 6 percent in premarket trading.
BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the regional lenders said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.
A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to up their game and potentially improving the quality of projects in a sector long rife with cowboy speculators.
Facebook’s reported plans to merge the infrastructure of its Messenger, WhatsApp and Instagram services would, if implemented, face antitrust scrutiny in Germany, the head of the Federal Cartel Office said on Thursday.
Mounting global growth worries thrust share markets into reverse on Thursday, while the dollar scored its longest winning run since a hot streak in early October that helped trigger a wave of worldwide ‘bear’ markets.
Fiat Chrysler (FCA) shares fell 10 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker’s longer-term targets.
Volvo Cars is talking to Chinese investors as well as U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish carmaker’s CEO said on Thursday.
BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the companies said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.
Twitter Inc forecast first-quarter revenue below Wall Street estimates and reported a drop in users for the fourth quarter on Thursday, sending its shares down 8 percent in early trading.
Italy has denied a report it will ban China’s Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network.
Uncertainty caused by the expansion of U.S. sanctions on Russia last year has pushed companies’ share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges.
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