Google parent Alphabet profit beats despite privacy concerns
SAN FRANCISCO (Reuters) – Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts’ estimates as it achieved better pricing on ads and saw unrealized income from startup investments, sending its shares up…
Southwest cancels more U.S. flights as it inspects engines
WASHINGTON (Reuters) – Southwest Airlines Co canceled more flights on Monday as it worked to complete inspections of engines like the one that failed last week in a deadly accident over Pennsylvania.
Wall Street edges lower as tech stocks, bond yields weigh
NEW YORK (Reuters) – Wall Street fell into negative territory on Monday as signs of soft smartphone demand took a toll on tech stocks and a rise in bond yields dented demand for equities, offsetting optimism on earnings.
High-profile investors bet on stocks tied to millennials: Sohn Conference
NEW YORK (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the millennial generation, ranging from online food ordering …
EU seeks to join U.S.-China steel dispute at WTO
BRUSSELS (Reuters) – The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U.S. President Trump decides whether they should apply to…
Wall Street little changed as bond yields inch higher
(Reuters) – Wall Street’s three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months.
Pier 1 shares slump to eight-year low after analyst warning
SAN FRANCISCO (Reuters) – Pier 1 Imports Inc’s stock plunged to its lowest level since 2009 on Monday after an analyst recommended investors avoid the shares until the furniture and home decorations retailer reverses falling sales.
U.S. home sales increase strongly; inventory remains tight
WASHINGTON (Reuters) – U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season …
Wells Fargo CEO’s pay details spark pushback by some employees
WASHINGTON/BOSTON (Reuters) – Wells Fargo & Co’s disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting.
Newell, Starboard end proxy fight with Icahn’s backing
(Reuters) – Consumer products maker Newell Brands Inc and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn that will add three new independent directors to the bo…
