U.S. senators ask FTC to probe Amazon over Capital One hack
Two U.S. senators on Thursday asked the U.S. Federal Trade Commission to probe Amazon.com Inc to determine if the company failed to secure its servers prior to the Capital One hack.
Car parts maker Valeo says sales up but warns of GM strike impact
French car parts supplier Valeo cautioned on Thursday that the General Motors strike was currently costing it around 160 million euros ($178 million) in sales and around 50 million euros in operating margin terms.
Sterling pares losses after PM calls for election; stocks inch up
The pound was weaker but pared losses against the dollar on Thursday in the wake of British Prime Minister Boris Johnson’s call for a Dec. 12 election to break the country’s deadlock over its planned exit from the European Union, while global stock mar…
Oil extends gains despite weak demand outlook
Oil prices extended their gains on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for demand.
Gucci posts solid growth despite Hong Kong turmoil
Revenue growth at Kering SA’s Gucci brand slowed further in the third quarter, though the label managed to offset some of the turmoil in Hong Kong through business in other Asian markets and its sales beat expectations.
‘Never give up!’ Draghi tells Lagarde as he leaves ECB
European Central Bank President Mario Draghi told his successor on Thursday to “never give up” on propping up the euro zone economy in the face of a worsening outlook and little help from governments.
Wall Street mixed after earnings reports; 3M weighs on Dow
The S&P 500 and Nasdaq indexes rose on Thursday, getting a boost from Microsoft and PayPal’s strong earnings, but poor results from 3M pushed the blue-chip Dow Jones index into the red.
U.S. business investment still weak; jobless claims fall
New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains soft amid the fallout from the U.S.-China trade war but other data on Thursday showed the spat has yet …
Shares edge higher, buoyed by upbeat results; sterling weakens
Stock markets edged higher on Thursday amid upbeat earnings reports from a slew of companies worldwide, while the British pound slipped.
Twitter ad platform suffers tech glitches, hitting revenue; shares tumble
Twitter Inc posted worse-than-expected quarterly revenue and profit on Thursday, plagued by technical issues that hurt its advertising, and unusually low demand over the summer, sending its shares down about 20%.
