Facebook’s potential settlement with FTC will likely include WhatsApp: WSJ
Facebook Inc’s potential settlement with federal regulators over breaches of consumer data privacy is nearing completion, and will likely cover related services like its WhatsApp messenger, the Wall Street Journal reported on Thursday, citing people fa…
Bombardier to shed Belfast factory in revamp, shares slide on forecast fears
Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker’s reluctance to say it would meet 2020 goals sent shares lower.
Caterpillar gives details on services push, hikes dividend
Caterpillar Inc on Thursday provided investors with details on its push to grow its services business while also laying out dividend increases and more consistent share repurchases in the coming years.
GoDaddy quarterly profit falls short of estimates as costs still weigh
Web hosting company GoDaddy Inc reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6 percent lower in after-hours trading.
Videogame maker Activision’s second-quarter forecast misses, shares fall
Activision Blizzard Inc forecast second-quarter profit below estimates on Thursday, as the videogame maker invests in its core franchises to counter intense competition from games such as “Fortnite” and “Apex Legends”.
CBS misses revenue estimates on weak content licensing, distribution
TV broadcaster and media company CBS Corp fell short of analysts’ estimates for first-quarter revenue on Thursday, hit by a drop in content licensing and distribution sales.
Dented Fed rate cut hopes drag on stocks; dollar, yields climb
Global equity markets declined for a second straight day on Thursday while the dollar and bond yields rose after comments from Federal Reserve Chairman Jerome Powell caused investors to lower expectations for a rate cut by the U.S. central bank this ye…
Founder, execs of drug company guilty in conspiracy that fed opioid crisis
The founder of Insys Therapeutics Inc on Thursday became the highest-ranking pharmaceutical executive to be convicted in a case tied to the U.S. opioid crisis, when he and four colleagues were found guilty of participating in a scheme to bribe doctors …
U.S. prosecutors seek to disqualify Huawei defense lawyer: filing
U.S. prosecutors on Thursday filed a motion to disqualify the lead defense lawyer for Huawei Technologies Co Ltd from the case accusing the Chinese company of bank fraud and sanctions violations, according to a filing in U.S. District Court in Brooklyn…
Tweak to U.S. payment to banks may bolster Fed’s credibility
A small cut to an interest rate little known beyond Wall Street could lead to a big payoff for the Federal Reserve’s most important asset: its credibility.
