Exclusive: BlackRock’s biggest stock-picking fund likes Facebook shares
NEW YORK (Reuters) – The biggest stock-picking fund at BlackRock Inc raised its bet on Facebook Inc in March, a source familiar with the matter said, making the social media company a top 10 equity holding and apparently betting that Facebook’s privacy…
Wall Street rises, focus turns to earnings from geopolitics
NEW YORK (Reuters) – U.S. stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about U.S.-led missile attacks in Syria.
Athletic apparel maker Lululemon names Patrick Guido CFO
(Reuters) – Canadian athletic wear maker Lululemon Athletica on Monday named Patrick Guido as its chief financial officer.
Netflix original shows lure more new subscribers than expected
(Reuters) – Netflix Inc’s blitz of new programming attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer’s massive spending will fuel growth around the world.
Drug suppliers’ shares rise as looming Amazon threat appears to ease
(Reuters) – Shares of U.S. drug suppliers rose on Monday after a report that Amazon.com Inc had dropped plans to sell drugs to hospitals, in a boost to a pharmaceutical supply chain rattled by the looming threat of competition from the online retailer….
Big activist investors have first-quarter losses while small counterparts thrive
BOSTON (Reuters) – Well known U.S. activist investors including Nelson Peltz and William Ackman took a hit from the first-quarter U.S. stock market slump, with their funds losing money while some smaller players delivered gains.
Shares of Allegiant Air drop following CBS report on safety issues
NEW YORK (Reuters) – Shares of Allegiant Travel Co , the parent company of Allegiant Air, fell sharply in Monday afternoon trading, following a segment on CBS’ “60 Minutes” that alleged the airline suffered a high number of mechanical problems.
Netflix shares dip as Wall Street braces for quarterly report
SAN FRANCISCO (Reuters) – Shares of Netflix slipped 1 percent on Monday ahead of the video streaming service’s quarterly report as investors braced for signs of whether it and other leading stocks are likely to carry the market higher over the next fe…
Pentagon revises request for cloud computing services
WASHINGTON (Reuters) – The U.S. Department of Defense on Monday updated its request for proposals from potential bidders on a $10 billion project for cloud computing services, in a deal that has been closely watched because Amazon.com Inc has been con…
Trump to nominate Clarida, Bowman to Fed Board of Governors
WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said he would nominate Richard Clarida, an economist who advises fund manager Pimco, and Michelle Bowman, a Kansas banking regulator, for two key positions at the U.S. Federal Reserve.
