Facebook soothes market nerves with user experience promise
(Reuters) – Shares in Facebook Inc jumped 3 percent to a record high in early trading on Thursday, after reporting an almost 50 percent jump in quarterly revenue and promises to focus on users’ experience on the social network easing concerns over fal…
Time Warner beats estimates on ‘Justice League’ success
(Reuters) – Time Warner Inc, which is in the process of being bought by AT&T Inc, reported better-than-expected quarterly profit and revenue on Thursday, powered by the success of its latest superhero movie “Justice League”.
Bitcoin skids to two-month low after Facebook ad ban unnerves investors
LONDON (Reuters) – Bitcoin, the world’s largest cryptocurrency, skidded 11 percent on Thursday to its lowest since late November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened invest…
Time Warner quarterly revenue rises 9 percent
(Reuters) – Time Warner Inc, which is in the process of being bought by AT&T Inc, reported a 9 percent rise in quarterly revenue on Thursday, helped by the success of its latest superhero movie “Justice League”.
In Aramco IPO, China talks crucial for choice of listing venue: sources
LONDON/DUBAI (Reuters) – Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said.
Shipping snags curb UPS profit growth in fourth quarter
(Reuters) – United Parcel Service Inc on Thursday reported a fourth-quarter net profit that was hurt by additional costs from surging shipping volumes during the peak holiday period, and its shares fell more than 3 percent.
Alibaba revenue beats forecast, takes stake in affiliate Ant Financial
SHANGHAI (Reuters) – Alibaba Group Holding Ltd , China’s biggest e-commerce company, said on Thursday third-quarter revenue rose 56 percent, beating expectations as it shrugged off any concerns about a market slowdown.
Futures slip after Fed strikes hawkish tone, Microsoft dips
(Reuters) – U.S. stock index futures were slightly lower on Thursday after the Federal Reserve raised its inflation outlook and flagged “further gradual” interest rate increases, and Microsoft shares dropped despite its strong quarterly report.
Blackstone posts higher fourth-quarter economic net income
(Reuters) – Blackstone Group LP , the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday that its fourth-quarter economic net income rose 5 percent year-on-year to $850 million.
Alibaba revenue jumps 56 percent, buys stake in Ant Financial
(Reuters) – Alibaba Group Holding Ltd , China’s biggest e-commerce company, reported a 56 percent increase in third-quarter revenue, beating analysts’ expectations as the firm shrugged off any concerns about a market slowdown.
