Wall Street stock rally could be derailed by U.S.-North Korea war of words
NEW YORK (Reuters) – Cracks are showing in what has been a virtually non-stop U.S. equity rally after a rapid escalation of tension between North Korea and the United States this week.
Snap, Blue Apron fuel worries about overheated IPOs
NEW YORK/SAN FRANCISCO (Reuters) – Snap Inc and Blue Apron Holdings Inc’s dismal quarterly reports on Thursday, which sent their shares slumping, join a growing list of technology startups failing to live up to sky-high expectations set ahead of their …
News Corp revenue misses on weak demand for print advertising
(Reuters) – News Corp on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry.
Nordstrom websites boost same-store sales, shares jump
(Reuters) – Nordstrom Inc reported better-than-expected quarterly same-store sales on Thursday as more people shopped at the apparel retailer’s online stores, sending shares up 2.5 percent after the bell.
Uber investor sues to force former CEO Kalanick off board
SAN FRANCISCO (Reuters) – Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, according to the la…
Toyota, Intel, others to form auto big data consortium
(Reuters) – Toyota Motor Corp , chipmaker Intel Corp and other technology and auto companies are forming a consortium to create an ecosystem for big data used in connected cars, the Japanese automaker said on Thursday.
Snap co-founders will not sell shares as stock slumps on earnings miss
(Reuters) – Snap Inc Chief Executive Officer Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expe…
Exclusive: Husky hires Goldman Sachs for $4 billion sale – sources
(Reuters) – Husky Injection Molding Systems Ltd, a Canadian supplier of injection molding equipment to the global plastics industry, has hired investment bank Goldman Sachs Group Inc to explore a sale that it hopes could value it at close to $4 billio…
Exclusive: Amazon in talks to offer event ticketing in U.S. – sources
NEW YORK/SAN FRANCISCO (Reuters) – Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on the lucrative ticketing business.
Uber’s Graves stepping down from full-time job, stays on board
SAN FRANCISCO (Reuters) – Ride services company Uber Technologies Inc’s [UBER.UL] head of operations, Ryan Graves, a long-time ally of former chief executive Travis Kalanick, is stepping down from his full-time job at the company, according to a copy o…
