Honda posts strong first quarter on Asia sales, raises annual profit forecast
TOKYO (Reuters) – Honda Motor Co. posted a better-than-expected quarterly profit as higher vehicle sales in Asia helped offset a slide in North American demand, and drove up its forecast for the year citing a more favorable currency exchange rate.
Embattled trader Noble Group pays $40 million bond coupon: market sources
SINGAPORE/HONG KONG (Reuters) – Singapore-listed commodities trader Noble Group Ltd has paid the coupon on its 2020 bond, market sources said on Tuesday, helping to reduce worries about the company’s immediate ability to service its debt.
Seed funding slows in Silicon Valley
SAN FRANCISCO, August 1 (Reuters) – The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies.
S&P 500 to exclude Snap after voting rights debate
NEW YORK (Reuters) – The S&P 500 will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc after its decision to offer stock with no voting rights.
Global growth boosts stocks, dollar mired near multi-month lows
LONDON (Reuters) – World stocks, on their longest streak of monthly gains in more than a decade, rose on Tuesday amid further signs that the global economy is in fine fettle, while the beaten-down dollar edged up slightly from 14-month lows.
Scaramucci drama has no bearing on pending SkyBridge sale: HNA
NEW YORK (Reuters) – Anthony Scaramucci’s swift exit as U.S. President Donald Trump’s communications director on Monday has no bearing on the pending sale of the firm he founded, SkyBridge Capital, parties involved in the deal said.
Bitcoin technology faces split, may create clone virtual currency
NEW YORK (Reuters) – Bitcoin’s underlying software code could be split on Tuesday to create a clone called “Bitcoin Cash,” potentially providing a windfall for holders of the digital currency.
Pandora Media’s revenue beats on advertising boost
(Reuters) – Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition.
Republicans want tech input on U.S. net neutrality legislation
WASHINGTON (Reuters) – A U.S. congressional committee on Monday asked for input from Google parent Alphabet Inc , Facebook Inc , Comcast Corp , Amazon.com Inc and other major companies on a proposed rewrite of rules governing consumer internet access,…
Wisconsin to consider $3 billion Foxconn incentive package
WASHINGTON (Reuters) – The Wisconsin governor ordered the state legislature back into special session on Tuesday to consider an incentive package that would award Taiwanese electronics manufacturer Foxconn $3 billion over 15 years in mostly cash incent…
