Roku shares jump after co posts smaller-than-expected loss
(Reuters) – Roku Inc shares were up nearly 7 percent premarket on Thursday after it posted smaller-than-expected first-quarter loss helped by its TV streaming platform.
Walmart Go Back! Some Indian trader, farmer groups decry Flipkart deal
NEW DELHI (Reuters) – A day after U.S. retail giant Walmart struck its largest deal with a big ticket investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi calling…
Wells Fargo on track for $4 bln in expense reductions
BOSTON (Reuters) – Wells Fargo & Co on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019, and that the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018.
Oil heads for biggest weekly rise in a month as Iran sanctions loom
LONDON (Reuters) – The oil price rose on Thursday, heading for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.
Futures little changed ahead of inflation data
(Reuters) – U.S. stock index futures were flat on Thursday after three days of oil-powered gains on Wall Street as investors waited for the latest reading on U.S. consumer prices.
BT to cut 13,000 jobs as seeks to revive growth
LONDON (Reuters) – BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and multiple pressures on its business….
‘Humbling’ U.S. settlement clears crisis-era hangover for RBS
LONDON (Reuters) – Royal Bank of Scotland’s shares rose as much as 6 percent on Thursday after the bank reached a $4.9 billion settlement with U.S. authorities, opening the way for its privatization and return of cash to taxpayers who bailed it out in…
Oil set for biggest weekly rise in a month as Iran sanctions loom
LONDON (Reuters) – The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.
Apple scraps $1 billion Irish data center over planning delays
DUBLIN (Reuters) – Apple ditched plans to build an 850 million euro ($1 billion) data center in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday.
BT to cut 13,000 jobs in biggest cull in a decade
LONDON (Reuters) – BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and downturn in trading.
