Accenture trims profit margin forecast as spending grows; stock dives
(Reuters) – Consulting services firm Accenture Plc trimmed its yearly forecast for profit margins, driving its stock down 6 percent on Thursday and overshadowing quarterly results that comfortably topped Wall Street targets.
No sign of relief for Facebook shares after Zuckerberg apology
(Reuters) – Shares of Facebook Inc fell 3 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg did little to quell Wall Street nerves about how much a row over user data privacy will cost the company.
Wall Street down 1 percent on tech woes, trade war fears
(Reuters) – U.S. stock fell sharply at the open on Thursday as technology stocks slumped on fears of increased regulations in the wake of Facebook Inc’s data privacy issues, while the United States’ plan to impose tariffs on China stoked fears of a tr…
U.S. weekly jobless claims increase slightly
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly rose last week, but the increase was marginal, suggesting strong job growth in March that should underpin consumer spending.
GlaxoSmithKline gifted Pfizer consumer health advantage by Reckitt
NEW YORK/LONDON (Reuters) – British consumer goods group Reckitt Benckiser has pulled out of talks to buy Pfizer’s consumer healthcare business, strengthening rival bidder GlaxoSmithKline’s hand.
Steve Wynn cuts stake in Wynn Resorts, becomes No. 3 holder
(Reuters) – Steve Wynn, the former chief executive of Wynn Resorts Ltd , has lowered his stake in the casino operator to about 7.8 percent from 11.78 percent, a regulatory filing showed on Thursday.
Conagra gets profit boost from frozen foods sales, fewer discounts
(Reuters) – Conagra Brands Inc reported third-quarter profit above market estimates and raised its full-year profit forecast as the maker of Reddi-Wip whipped cream cut back on its deep discounts and benefited from sprucing up its frozen food business…
Janus’ Gross says U.S., global economies too leveraged for aggressive Fed
NEW YORK (Reuters) – Investors’ expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and “non-threatening,” influential bond investor Bill Gross said on Thursday.
No relief yet for Facebook shares after Zuckerberg apology
(Reuters) – Shares of Facebook Inc fell 1.5 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg failed to quell Wall Street nerves about the company’s handling of a row over user privacy.
Self-driving car industry confronts trust issues after Uber crash
DETROIT (Reuters) – The fatal accident involving an Uber self-driving car cranks up pressure on the self-driving vehicle industry to prove its software and sensors are safe in the absence of strong government standards, experts in the field said.
