Steve Wynn sells stake in company he founded, Macau casino Galaxy buys in
(Reuters) – Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago.
Stocks slide, bonds and yen gain as trade war fears drive rush to safety
TOKYO (Reuters) – Stock markets slid and perceived havens such as government bonds and the yen gained on Friday as investors rushed to safety after U.S. President Donald Trump announced long-promised tariffs on Chinese goods, stoking fears of a global …
Facebook apology does little to satisfy lawmakers, Wall Street
WASHINGTON/LONDON (Reuters) – Facebook Inc came under further pressure from lawmakers, investors, advertisers and users on Thursday, the day after Chief Executive Mark Zuckerberg admitted the social media network made mistakes in letting 50 million use…
Dropbox IPO priced higher than expected on strong demand
(Reuters) – Dropbox Inc’s initial public offering, the largest tech stock debut in more than a year, was priced at $21 per share, the company announced on Thursday, higher than expected.
Nike forecasts reversal in North America sales decline, tops estimates
(Reuters) – Nike Inc on Thursday signaled an end to revenue declines in North America as the world’s largest footwear maker reaps the benefits of its efforts to sell directly to customers and focus on new launches.
Trump moves toward China tariffs in warning shot on technology transfer
WASHINGTON (Reuters) – U.S. President Donald Trump lit a slow-burning fuse on Thursday to launch long-promised anti-China tariffs, but his actions appeared to be more of a warning shot than the start of a full-blown trade war with Beijing.
Dropbox IPO priced at $21 per share: sources
(Reuters) – Dropbox Inc’s initial public offering, the largest tech stock debut in more than a year, was priced at $21 per share, sources familiar with the matter told Reuters on Thursday, above the raised price range.
Saudi Arabia’s new crown prince to sit down with Wall Street
BOSTON/NEW YORK (Reuters) – Saudi Arabia’s crown prince will rub shoulders in New York next week with top figures from Wall Street and Corporate America, part of a whistle-stop first visit to the United States since becoming King Salman’s heir apparent…
Stocks tumble to worst day in six weeks after Trump tariff action
NEW YORK (Reuters) – U.S. stocks slumped on Thursday as President Donald Trump’s move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street’s…
Nike tops revenue, profit estimates on strong global sales
(Reuters) – Nike Inc’s quarterly revenue and profit beat analysts’ estimates on Thursday, helped by robust demand in its international markets and initiatives such as selling directly to customers.
