Consumer giants spurn risks to chase online subscribers
Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.
Strap yourself in: Netflix is about to report
Shares of Netflix up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell
Netflix forecast misses Wall Street view, shares dip
Netflix Inc forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading.
U.S. grand jury indicts four Audi managers in VW emissions probe
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
American Express misses estimates on slowing customer spending; shares drop
American Express Co missed Wall Street’s fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season.
Gulfport pledges share buybacks after hedge fund demand
Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners.
Netflix: Down after co misses fourth-quarter revenue estimates
** Netflix’s shares down 4.5 pct at $337.46 in extended trading – if losses hold on Friday, stock set for its biggest 1-day fall so far this year
JPMorgan board raises Dimon’s compensation to $31 million
JPMorgan Chase & Co Chief Executive Jamie Dimon is receiving a 5 percent raise, bringing his total 2018 compensation to $31 million, the company said in a filing on Thursday.
Netflix’s fourth-quarter revenue misses estimates; shares slip
Netflix Inc posted lower-than-expected quarterly revenue on Thursday, despite a slate of original content the streaming pioneer released in the quarter including hit thriller “Bird Box”, sending its shares down 3 percent.
Stocks rise on trade optimism, pound strengthens
Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European Union.
