Facebook warns of costly privacy changes, discloses another U.S. probe
Facebook Inc said on Wednesday that new rules and product changes aimed at protecting users’ privacy would slow its revenue growth into next year and significantly raise expenses, taking the shine off quarterly revenue results that beat expectations.
Tesla posts wider-than-expected loss in quarter as margins fall, shares down 10%
Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, raising doubts the carmaker will hit its target to be profitable this quarter.
J.C. Penney tie-up favorable for Sephora business – LVMH
(Corrects reference to J.C. Penney headquarters in second paragraph in this July 24th story)
Ford results dented by restructuring, gives weaker-than-expected forecast
Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analysts’ expectations.
Treasury’s Mnuchin says Amazon ‘destroyed’ U.S. retail sector
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that online giant Amazon.com Inc “destroyed the retail industry across the United States.”
Ryanair Portuguese cabin crew to strike in August: union
Ryanair cabin crew in Portugal are set to strike for five days in August in a dispute over pay and conditions, the SNPVAC union said on Wednesday.
Facebook to pay record $5 billion U.S. fine over privacy; faces antitrust probe
Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the U.S. Federal Trade Commission and the social media company said on Wednesday.
Tesla second-quarter revenue misses, shares fall
Tesla Inc reported second-quarter revenue that missed analysts’ estimates on Wednesday, sending its shares down nearly 8% in extended trading.
Top U.S., China trade negotiators to meet in Shanghai next week
Top U.S. and Chinese negotiators will meet face-to-face next week for the first time since Presidents Donald Trump and Xi Jinping agreed to revive talks to end their year-long trade war.
Ford results dented by restructuring, gives low ’19 forecast
Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analyst expectations.
