Snap’s Android fix, gender-changing lens boost users, shares up 9%
Snap Inc’s Snapchat on Tuesday beat analysts’ estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.
Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions
A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc’s initial bankruptcy requests after the two sides struck an agreement over the terms of new financing.
Chipotle’s online shift fuels highest sales growth in two years
Chipotle Mexican Grill Inc’s aggressive push into online orders, amped up ads around fresh ingredients and the addition of healthier meals helped the burrito chain post its highest sales growth at established restaurants in over two years.
Big Tech faces broad U.S. Justice Department antitrust probe
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tec…
Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources
Deutsche Bank AG’s turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.
U.S. Justice Department launches antitrust review of big tech firms
The U.S. Justice Department said on Tuesday it was opening an investigation of major digital tech firms on whether they engage in anticompetitive practices.
Earnings and trade optimism push Wall St. toward record high
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.
Texas Instruments beat profit estimates, shares up 6%
Texas Instruments Inc beat Wall Street estimates for quarterly profit and revenue on Tuesday, signaling a relief against the backdrop of a global slowdown in demand for microchips and sending its shares up 6% in extended trading.
Stocks rise on trade hopes, sterling slips on Brexit jitters
U.S. stocks added to their gains on Tuesday following news of potential progress in U.S.-China trade negotiations, while the pound fell after Brexit hard-liner Boris Johnson won the leadership of Britain’s Conservative Party, clearing the way for him t…
UPS launches drone business, seeks to certify multiple pilots
United Parcel Service Inc , the world’s largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.
