Facebook rattles Nasdaq, but trade optimism boosts Dow
Facebook’s plunge sparked a selloff in high-growth stocks that sent the Nasdaq lower on Thursday, but the contagion was contained by optimism after the United States and the European Union said they would negotiate on trade.
Stock market newbie Spotify hits targets, plays down challenges
Market leading music streamer Spotify added 10 percent more paid subscribers in the second quarter and said it was on track to meet its full-year targets as it downplayed reports it was losing ground to rival Apple Music in the United Sates.
Comcast shares rise on internet customer, profit growth
Comcast Corp on Thursday reported a quarterly profit that beat Wall Street estimates as it added more high-speed internet customers, part of a push to diversify away from the shrinking U.S. pay-TV market.
Daimler braced for emissions-test impact as profit weakens
Mercedes maker Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards hit sales.
World stocks struggle to hold four-month peak as Facebook drops
World stock markets struggled to hold on to four-month highs as a massive selloff in shares of Facebook Inc offset optimism that the European Union and the United States would settle their differences on trade.
Daimler CEO says weaker Mercedes prices tied to WLTP bottlenecks
Daimler Chief Executive Dieter Zetsche said the introduction of the new WLTP emissions testing procedure was causing delays getting Mercedes-Benz vehicles certified for road worthiness, distorting supply and demand.
3M to pay $9.1 million over defective military ear plugs
The 3M Co. has agreed to pay $9.1 million to settle allegations it knowingly sold defective combat ear plugs to the U.S. military without disclosing defects that limited the effectiveness of the hearing protection devices, the U.S. Justice Department s…
Ex-assistant chairman of China’s banking regulator sentenced to 16 years in prison: state media
The former assistant chairman of China’s banking regulatory commission has been sentenced to 16 years in prison for accepting bribes, state media said on Thursday, as the Chinese government clamps down on corruption.
Zuckerberg loses $16 billion in record Facebook fall
Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune took an almost $16 billion hit on Thursday, as the social media giant headed for the biggest one-day wipeout in U.S. stock market history, a day after executives forecast years of lower pro…
Raytheon earnings beat, but cash flow concerns hit shares
Tomahawk missile maker Raytheon Co on Thursday raised its earnings forecast for 2018 and reported stronger than expected results, but its shares fell on investor concerns about lower cash flow for the year.
