Starbucks’ promotions struggle to attract U.S. customers, shares slip
LOS ANGELES (Reuters) – Starbucks Corp on Thursday reported stagnant store traffic at established U.S. cafes for the second quarter in a row, stirring concerns about intense competition from upscale coffee houses as well as fast-food chains and conven…
Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week – sources
(Reuters) – U.S. wireless carriers T-Mobile US Inc and Sprint Corp have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday.
Wall Street much quicker to applaud Facebook than criticize it
(Reuters) – A month of darkening sentiment around Facebook Inc among analysts was washed away in an instant when the social media’s earnings report blew through even the most optimistic earnings estimates.
Wall Street gains on strong earnings, tech resurgence
NEW YORK (Reuters) – U.S. stocks advanced on Thursday with each of Wall Street’s major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back.
Toyota to invest $170 million in Mississippi plant, create 400 jobs
DETROIT (Reuters) – Toyota Motor Corp will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday.
Starbucks reports flat U.S. traffic, shares slip
LOS ANGELES (Reuters) – Starbucks Corp on Thursday reported flat traffic at established U.S. cafes for the second quarter in a row amid intense competition from upscale coffee houses as well as fast-food chains and convenience stores.
Microsoft tops estimates as Azure, Office products drive gains
(Reuters) – Microsoft Corp on Thursday topped Wall Street forecasts for quarterly profit as the technology company signed up more businesses to its Azure cloud computing services and Office 365 productivity suite.
Amazon surprises Wall Street with huge profits, optimistic outlook
(Reuters) – Amazon.com Inc’s march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter profit and a rosy outlook for the spring, surprising all but the most optimistic on Wall Street.
Southwest Airlines expects bookings to drop after deadly explosion
(Reuters) – Southwest Airlines Co on Thursday warned the consequences of a mid-air engine explosion last week will weigh on second-quarter bookings, as investigators continued to probe the events that led to the first passenger death in the airline’s …
Musk’s ‘no new capital’ promise faces scrutiny when Tesla reports results
SAN FRANCISCO (Reuters) – Investors are accustomed to the bold promises of Tesla Inc’s Elon Musk, but his assertion that the electric vehicle maker will not need more funds this year has many scratching their heads. How can the chief executive deliver…
