Papa John’s growing rift with founder casts doubts on recovery
Shares of Papa John’s International Inc slumped as much as 7 percent on Wednesday and hit a near four-year low, a day after the U.S. pizza chain cut its current-quarter forecast blaming its ongoing tussle with the chain’s founder.
Tesla’s board says Musk started go-private talks last week
Tesla Inc Chief Executive Elon Musk started talks with the company’s board last week about taking the electric car maker private, some board members said on Wednesday.
Wall St. opens lower as trade tensions escalate
U.S. stocks opened lower on Wednesday after China retaliated to Washington’s latest tariffs, clouding a strong showing for corporate earnings.
Wall Street sees funding hurdle to Musk’s plan to take Tesla private
Tesla Inc Chief Executive Officer Elon Musk’s plan to take the electric car maker private raised doubts among Wall Street analysts about the billionaire’ s ability to gather enough financial backing to complete the deal.
New York Times’ digital subscriber growth slows, shares drop
The New York Times Co added fewer paid digital subscribers in the second quarter as it cut back on discounts, overshadowing its better-than-expected quarterly results and sending its shares down nearly 5 percent on Wednesday.
China to slap additional tariffs on $16 billion worth of U.S. goods
China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute.
Thomson Reuters grows revenue, sees Blackstone deal closing in fourth quarter
Thomson Reuters Corp on Wednesday reported a 2 percent rise in quarterly revenue and reaffirmed its 2018 forecast, saying it was on track for a “solid” year. The news and information provider reported second-quarter revenue of $1.31 billion, compare…
HSBC shifts European branches to French unit control ahead of Brexit
HSBC has shifted ownership of its Polish and Irish subsidiaries from its London-based entity to its French unit, and will do so for seven more European branches, as it prepares for Britain’s exit from the European Union.
World shares hold at one-week high, sterling’s slide gathers pace
Robust U.S. earnings and expectations of additional stimulus from Beijing supported world shares at one-week highs on Wednesday but a selloff in Britain’s pound gathered steam over mounting concerns for the country’s outlook.
Stock futures flat as trade fears counter strong earnings
U.S. stock index futures were flat on Wednesday, as escalating trade tensions between the United States and China overshadowed a strong showing for corporate earnings.
