‘Fortnite’ creator Epic Games raises $1.25 bln from KKR, others
Epic Games, the creator of video game sensation “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc , Iconiq Capital and Smash Ventures.
Wall St falls after earnings disappointments, but off day’s lows
U.S. stocks were lower on Friday afternoon following a slew of high-profile earnings disappointments, but indexes were off the day’s lows and the S&P 500 eased off correction levels.
Tesla says has not received subpoena on Model 3 production
Tesla Inc has not received a U.S. subpoena related to its Model 3 production forecasts, the electric carmaker said on Friday, following a report that it faced a deepening criminal probe about the projections.
Equities’ slide sends bonds, gold higher, dents greenback
Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disapp…
Brazil will leave fate of Boeing-Embraer deal to next president
Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters on Friday.
Wall Street off session lows as Alphabet pares losses
U.S. stocks were well off session lows on Friday afternoon, with the S&P retreating from correction levels, helped by a sharp recovery in Alphabet and data showing the U.S. economy continued to grow at a healthy pace.
Microsoft overtakes Amazon as second most valuable U.S. company
Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization.
Wells Fargo hit with lawsuit over robocalls to wrong numbers
A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or “robo,” calls to cell phones without consumers’ consent.
Global oil pricing worries hit U.S. energy shares as earnings loom
Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the year.
Exclusive: Airbus to name outsider after board hastened CFO’s exit – sources
Airbus is close to naming an outsider to replace finance chief Harald Wilhelm after board moves to overhaul top management in response to a corruption probe hastened his surprise resignation in May, people close to the matter said.
