Amazon’s bold spending to be closely watched in latest results
(Reuters) – Amazon.com Inc’s audacious spending on original TV shows and movies, its cloud business and an ever-expanding core retail operations, will be closely watched by investors when the retail giant reports results on Thursday.
U.S. pending home sales flat in September
WASHINGTON (Reuters) – Contracts to buy previously owned homes were flat in September and activity declined on an annual basis for the fifth time in the last six months as demand for properties continued to exceed supply.
U.S. October new vehicle sales seen down 4 pct on year: J.D. Power and LMC
DETROIT (Reuters) – U.S. auto sales in October likely fell close to 4 percent from the same month in 2016, though automakers’ sales were buoyed by replacement of storm-damaged vehicles and record-high consumer discounts, industry consultants J.D. Power…
U.S. jobless claims rise modestly as labor market tightens
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continued to tighten after recent hurricane-related disruptions.
U.S. jobless claims up less than expected as labor market tightens
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continued to tighten after recent hurricane-related disruptions.
U.S. pickup truck sales lift Ford’s margins, profits
DETROIT (Reuters) – Ford Motor Co reported a better-than-expected quarterly net profit on Thursday, driven largely by U.S. sales of its high-margin pickup trucks, and raised the low end of its full-year earnings forecast.
Alphabet looks to snowy Michigan to test self-driving cars
WASHINGTON (Reuters) – Alphabet Inc’s self-driving car unit Waymo is expanding winter testing as it works to address a potential blind spot for autonomous vehicles: snowy and icy conditions.
Consumer groups join conservatives against AT&T deal for Time Warner
WASHINGTON (Reuters) – Seven groups ranging from the Tea Party Patriots to liberal consumer groups warned against AT&T’s plan to buy Time Warner in a letter to Attorney General Jeff Sessions, saying the deal could give one company too much power over what Americans see on television.
ConocoPhillips profit beats estimates, but budget cut 10 percent
HOUSTON (Reuters) – ConocoPhillips, the largest U.S. independent oil producer, reported a better-than-expected quarterly profit on Thursday helped by rising crude prices, though it slashed its capital budget to further cut costs.
Twitter nears first profitable quarter as it slashes expenses, shares jump
(Reuters) – Twitter Inc said on Thursday it could turn its first ever profit in the fourth quarter, after making sweeping cuts in expenses the past few months and finding sources of revenue beyond the advertising that dominates social media.
