Dropbox tops paying subscriber estimates in first results since IPO
(Reuters) – File hosting service provider Dropbox Inc topped analysts’ estimates for paying subscribers in its first financial report as a publicly traded company.
Murdoch’s News Corp posts 6 percent rise in quarterly revenue
(Reuters) – News Corp , the owner of Wall Street Journal and book publisher HarperCollins, reported a 5.8 percent rise in quarterly revenue on Thursday, as more people used its real estate app and website.
Trump drug-pricing speech adds dose of uncertainty for healthcare investors
NEW YORK (Reuters) – Investors are bracing for widespread volatility in healthcare stocks on Friday, when U.S. President Donald Trump is expected to give a highly anticipated speech about controlling prescription drug prices.
GM sees custom designs, personal ownership for self-driving cars
(Reuters) – General Motors Co , which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs that could be almost unrecognizable from those of today, a top execu…
Embraer breakup complications are delaying its deal with Boeing: sources
SAO PAULO (Reuters) – The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA has been delaying an agreement to combine operations with Boeing Co , three people with knowledge of the matter said this week.
Wall Street rallies and Apple reaches record high
(Reuters) – Wall Street jumped on Thursday, and Apple hit a record high, as tepid inflation data eased worries of faster interest rate hikes this year.
Bank of America affirms gun pledge, hints at Remington loan exit
WILMINGTON, Del. (Reuters) – Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the l…
Tax cut helping turn U.S. small caps into unlikely source of safety
NEW YORK (Reuters) – The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.
Wall Street rallies on tepid inflation data
(Reuters) – U.S. stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year.
Wells Fargo trims expected hit from regulatory cap on assets
BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on the bank’s growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations.
