UK watchdog wrestling with rule change to lure Aramco IPO
LONDON (Reuters) – Britain’s markets watchdog said it wants a practical compromise on proposed rules that would allow sovereign-controlled companies like oil giant Saudi Aramco to list on the stock market in London.
Tesla Inc expected to post a loss of $3.12 a share: summary
(Reuters) – – Tesla Inc is expected to show a rise in quarterly revenue when it reports results.
Snap shares surge after app redesign sparks user growth
(Reuters) – Shares of Snapchat owner Snap Inc surged 35 percent on Wednesday after the company reported its first user growth since going public in 2017, sign that a redesign of its messaging app is taking hold in its battle with Facebook’s Instagram…
Wall Street gains as volatility eases, Dow up over 200 points
(Reuters) – U.S. stocks overturned early losses to trade higher on Wednesday as some buyers returned to a market still shaking from a record fall for the Dow Jones Industrial Average earlier this week.
Wall Street falls at the open, Dow off 120 points
(Reuters) – U.S. stocks opened lower on Wednesday with the Dow Jones Industrial Average falling over 120 points as an almost 2 percent gain in the previous session failed to calm the nerves following the blue-chip index’s biggest intraday fall on Monda…
An investor’s best friend? Israel Diamond Exchange launches digital coins
RAMAT GAN, Israel (Reuters) – Israel’s diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade traditionally conservative players that the technology…
Tronc to sell LA Times and other newspapers for $500 million
(Reuters) – Tronc Inc said on Wednesday it would sell the Los Angeles Times, the San Diego Union-Tribune and some other newspapers to billionaire investor Patrick Soon-Shiong for $500 million in cash.
No easy solutions to Chipotle’s public image problem
(Reuters) – Two years after a string of hygiene-related lapses, Chipotle Mexican Grill’s disappointing quarterly results on Tuesday were marked largely by the absence of major new ideas on how to turn around the burrito chain’s battered public reputat…
Nasdaq to move New York headquarters to Times Square from downtown
NEW YORK (Reuters) – Nasdaq Inc said on Wednesday it would relocate its global headquarters from downtown Manhattan to midtown, expanding its presence at the Times Square office tower from where it broadcasts the market opening and closing bell ceremo…
Hasbro posts surprise revenue drop as Star Wars toys fail to shine
(Reuters) – Toymaker Hasbro Inc reported a surprise fall in quarterly revenue on Wednesday due to a decline in sales of its toys based on the Star Wars franchise and the lingering impact of the bankruptcy of retailer Toys ‘R’ Us.
