Verizon shares down on profit miss even as wireless customers added
Verizon Communications Inc shares fell about 1% on Thursday as quarterly profits missed estimates even though the company added more monthly mobile phone subscribers than expected as adding the Disney+ streaming service helped some of its plans.
Wall St. rattled by China virus worries, mixed earnings
U.S. stocks edged lower on Thursday, as the coronavirus epidemic fanned fears of a further hit to China’s economy, while a mixed batch of earnings from technology firms also weighed on sentiment.
Southwest says disappointed with government audit on safety lapses
Southwest Airlines said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on its jets with unconfirmed maintenance records.
Altria takes $4.1 billion charge on Juul investment, revises deal terms
Altria Inc took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping.
Wall St. opens lower as China epidemic raises growth concerns
U.S. stock indexes opened lower on Thursday as the coronavirus epidemic fanned concerns of a slowdown in China’s economy, while a mixed batch of earnings from technology firms also weighed on sentiment.
U.S. economy misses Trump’s 3% growth target in 2019
The U.S. economy missed the Trump administration’s 3% growth target for a second straight year, posting its slowest annual growth in three years in 2019 as the slump in business investment deepened amid damaging trade tensions.
Facebook shares hit by slowest growth in years, higher expenses
Shares of Facebook Inc fell 7% on Thursday after the social media giant posted its slowest quarterly growth since its market debut as expenses mount and warned of continued stagnant growth.
Southwest says disappointed with government audit pointing at safety lapses
Southwest Airlines said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on its jets with unconfirmed maintenance records.
Jaguar-Land Rover parent warns of profit hit from coronavirus outbreak
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend …
U.S. regulators propose simpler restrictions around bank fund investments
U.S. banks would be able to take large ownership stakes in venture capital funds under proposed rules unveiled on Thursday by the Federal Reserve.
